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Posts tagged with "oil"

Thoughts on the Keystone Pipeline, John Boehner’s responses on Twitter, and Bernie Sander’s response on Google+

Speaker Boehner has been all over Twitter today, saying Obama is destroying American jobs and shipping them overseas. Well, excuse me, but it’s the multinational energy corporations that are shipping jobs overseas. I’m sure Obama would prefer the jobs to stay here at home.

And Senator Sanders is correct, we need to help lead the world in generating green technologies and green energy. Yes, it’ll help with global warming, but at the same time it’s plain to see fossil-fuels are a dying breed. If we have to extract from tar sands and resort to fracking mountain sides, then clearly we’ve reached the point where costs are marginally rising. There’s no real escape from that unless there’s drastic change in technology.

So we either have to drastically change our technology to increase fossil-fuel extraction and refinement efficiency. Or, we have to drastically change our technology to make alternative, renewable fuels more cost efficient. Either way, it’s a question of cost efficiency.

Sure, there’s already infrastructure in place for fossil-fuel production, refinement, and distribution. But we already know these fuels are not-renewable and will eventually run out. At that point, all the infrastructure that we continued to fix and “update” becomes pointless. Roman aqueducts.

So much of the energy industry’s cost is in research, exploration, and development. Why not have a concerted effort by these already established corporations to really make a push to change their product mixture? Who else would be in a better position — money and intellectual capital — that the large energy corporations. They could be leading America (and the world) to a much better place employment wise, climate wise, and cost wise. 

If they choose.

Sanders Statement on Keystone XL Pipeline:

The United States must help lead the world in combating global warming and reducing greenhouse gas emissions. It would be incomprehensible to give approval to a tar sands oil project when producing tar sands oil creates 82 percent more carbon emissions than conventional oil, and when it poses the risk of extremely damaging oil spills. I agree with NASA scientist James Hansen who has stated that fully exploiting the tar sands would mean ‘game over’ for our efforts to reverse global warming.

The Costs Remain the Same…

It seems energy production in the US (and around the world) is becoming more expensive. Secondary and tertiary processes are needed now to attempt to keep up with global demand for fossil-based fuels. And from what I’m seeing reported by the Economist and elsewhere, is that we’re consuming faster than production — which includes not only extraction, but transportation and refinement. The lack of refining capacity world-wide is one major factor why the US has become a net exporter of refined oil products. 

Yet, it doesn’t seem price really reflects all this. Sure, there’s the slight upward bumps in price during the summer when oil refinement production in the US switches from gasoline to heating oil. But where are the additional costs associated with fracking? With tar sands extraction? With litigation costs due to pollution? There are a ton of additional costs — because the act of extraction is becoming more expensive — that simply isn’t reflected in the price to consumers and industrialists. European prices seem more in line with actual costs.

So, when we finally square all the real costs associated with fossil-based fuels and create a realistic picture of the price, are we getting closer to price parity with different alternative fuels?

EPA Sees Risks to Water, Workers In New York Fracking Rules

New York’s emerging plan to regulate natural gas drilling in the gas-rich Marcellus Shale needs to go further to safeguard drinking water, environmentally sensitive areas and gas industry workers, the U.S. Environmental Protection Agency has informed state officials.

What Moves Republican Crowds in Iowa

Congratulations on the annexation, Canada!

Apparently border-state governor Rick Perry thinks Canada is part of the United States. Or, did he mean “non-Muslim” instead of “not foreign”?

“Every barrel of oil that comes out of those sands in Canada is a barrel of oil that we don’t have to buy from a foreign source,” Mr. Perry said in Clarinda, earning a loud round of enthusiastic applause.