Daily Archives: August 25, 2011

The incredible cost of dioxycarbophobia

Staggering cost of CO2 permits revealed
Terry McCrann

The $650 billion will be to buy “permits” to emit CO2.

AUSTRALIAN businesses and households will have to send about $650 billion overseas between 2020 and 2050 to buy permission to keep some of our coal-fired power stations and other industries operating.

This staggering cost is indicated in the fine print of the Treasury modelling of the Government’s carbon dioxide tax and subsequent emissions trading scheme.

The $650 billion will be to buy “permits” to emit CO2.

The permits will be bought from sellers that don’t yet exist, or in markets that have yet to be formed, although the Government expects – hopes – they will develop over the next few years.

But this week it was reported that European police agency Europol had revealed a fraudulent trade in these so-called carbon credits in the only serious market that does operate – for the European Union – was far more widespread than previously thought and could have cost EU taxpayers up to €5 billion ($7 billion) in lost revenue in just 18 months.

It’s important to stress, we won’t be buying anything tangible with this huge amount of money. (Herald Sun)

Reduced carbonate induces dementia in Australian politicians

Australia is an old land and much of it used to be submerged in shallow seas. Consequently Australia has huge limestone resources which we reduce in smelting and cement manufacture, inter alia. Recovering this trapped oxygen atom from calcium carbonate (O3 + C + Ca) was seen as a tremendous good for a long time but the last decade in particular has seen the proliferation of a new mental illness, an irrational fear of the essential trace gas released by carbonate reduction – the dioxycarbon (O2 + C) upon which all green plants rely. This new mental illness, dioxycarbophobia can also be triggered by the thought of atmospheric reduction (where atmospheric O2 content is reduced via combination with C, hence dioxygen + carbon => dioxycarbon or O2C). For reasons unknown it does not matter to those afflicted by this malady that these reactions are of immense benefit to humanity and the environment. The fear, irrational as it is, seems real to sufferers and there is no known treatment. Sedation and/or incarceration in a secure mental health facility is recommended until the delusional state is overcome.

Carbon dioxide insanity continues
Terry McCrann

THE $650 billion that Treasury estimates we’ll be sending overseas to buy permission to keep our lights on captures the utter, almost incomprehensible insanity of Julia Gillard and Bob Brown’s carbon tax.

It also shows what an utter disgrace the once fundamentally important Treasury department, as formerly a bastion of reason and sober advice, has become. Its so-called analysis – “modelling a carbon price” – shreds the last remnants of its credibility.

The first sentence in the key Chapter Five captures its fall, mouthing the lies of its political masters. In her words, the crap that the Prime Minister utters continually on the subject.

“The Australian economy will continue to prosper as we cut pollution to reduce the risks of dangerous climate change.”

“Pollution?” No, life-creating carbon dioxide.

“Reduce the risks of dangerous climate change?” No, not a single thing Australia could do, can have the slightest impact on OUR future climate. Close our economy down entirely and both our and the world’s climate would keep changing just the same.

The $650 billion that captures both the Government’s insanity and Treasury’s disgrace is the rough amount that Australian emitters will pay for foreign CO2 permits, between 2020 and 2050, indicated by the Treasury modelling.

The critical question is WHY does Treasury factor in these foreign permits? Why won’t we just cut our emissions in line with the local permits issued by the Government?

Because the foreign permits are critical to squaring the insane circle. Without them, the emission cut targets would be literally impossible. (Herald Sun)

Bad news if you suffer from dioxycarbophobia*

* irrational fear of carbon in its oxidated (see also reduced carbonate) state of 2 oxygen atoms combined with one carbon atom (O2 + C)

The Recarbonisation Of Japan
Thursday, 25 August 2011 16:01 Hiroko Tabuchi, The New York Times

The return of the fossil-fueled economy: Japan’s greenhouse gas emissions could rise by as much as 16 percent by 2013 from 1990 levels

The half-century-old, oil-fueled power generators here had been idle for more than a year when, a day after the nuclear accident in March, orders came from Tokyo Electric Power headquarters to fire them up.

“They asked me how long it would take,” said Masatake Koseki, head of the Yokosuka plant, which is 40 miles south of Tokyo and run by Tokyo Electric. “The facilities are old, so I told them six months. But they said, ‘No, you must ready them by summer to prepare for an energy shortage.’ ”

Now, at summer’s peak, Yokosuka’s two fuel-oil and two gas turbines are cranking out a total of 900,000 kilowatts of electricity — and an abundance of fumes.

The generators are helping to replace the 400 million kilowatt-hours of daily electricity production lost this summer because of the shutdown of all but 15 of Japan’s 54 nuclear reactors in the wake of the Fukushima Daiichi disaster. Across the country, dozens of other fossil-fuel plants have been fired up, and Japan is importing billions of dollars worth of liquefied natural gas, coal and oil to keep them running. (GWPF)

Geoffrey Styles: Oil Sands Anxiety Is Overblown

Oil Sands Anxiety Is Overblown
By Geoffrey Styles
Posted on Aug. 25, 2011
Ed. note: This piece first appeared on Energy Outlook, Geoffrey Styles’ blog.

As I was catching up on a two-week backlog of news after my vacation, I ran across a New York Times editorial with the promising title of “Tar Sands and the Carbon Numbers.” Thinking that perhaps the Times might have woken up to the necessity of comparing the lifecycle emissions from oil sands to those from other crude oils, I was disappointed to find its editors perpetuating the common misunderstanding concerning these emissions when viewed only from an oil-production perspective. That’s a shame, because it results in the scape-goating of Canadian producers and pipeline companies while conveniently avoiding the soul-searching that ought to accompany a clear understanding that, whether we’re talking about oil sands or conventional oil imported from any other source, the vast majority of the lifecycle emissions will occur here, when the products into which these oils will be refined are consumed. It is also condescending toward the sovereign responsibility of our NAFTA neighbor for managing their national emissions under the Kyoto Protocol, which they ratified but we didn’t. (Energy Tribune)

New Jersey places moratorium on technique it doesn’t use to extract a resource it doesn’t have

New Jersey issues one-year moratorium on fracking

New Jersey on Thursday issued a one-year ban on hydraulic fracturing, citing the need for more study of the technology used to produce oil and gas from shale formations.

New Jersey Governor Chris Christie conditionally vetoed a bill that would have permanently banned the practice, which critics say can pollute drinking water.

“I am placing a one-year moratorium on fracking so that the (Department of Environmental Protection) can further evaluate the potential environmental impacts of this practice in New Jersey as well as evaluate the findings of still outstanding and ongoing federal studies.” (Reuters)

Technology keeps slaying the ‘depletion’ dragon

USGS Ups The Ante On Shale

Power: Despite efforts in the media and Congress to shut it down through fear and falsehoods, a new estimate of America’s most promising energy source portends even more gas, oil — and jobs.

The U.S. Geological Survey (USGS) announced Tuesday that the Marcellus Shale formation that straddles the northeastern United States may hold a staggering 84 trillion cubic feet (tcf) of recoverable natural gas, up significantly from the last official government estimate of 2 tcf made in 2002.

The USGS said the estimate came from new information about the gas-rich formation underlying New York, Pennsylvania, Ohio and West Virginia, and from technical improvements in how wells are drilled and the gas is extracted.

Those who argue that the world is running out of fossil energy are wrong once again. They ignore the fact our resources are limited only by our imagination and the will to develop them. (IBD)

The advantage of politically clean energy

The U.S. Southeast: Renewable Energy Mandates Not (ratepayer blessing; industrial advantage)
Robert Ross

Seven Southeastern states have rejected renewable energy mandates and/or voluntary alternative energy quotas on electric companies: Louisiana, Alabama, Arkansas, Georgia, Kentucky, Mississippi, South Carolina and Tennessee. (North Carolina is another story, requiring a 10% share for renewables and mandated efficiency savings by 2018.)

The good news for the seven states is not only that unnecessary costs have been avoided during the political boom of ‘green’ energy. The benefit is also that artificial bubble jobs are not on a death watch as they are in other states that now face ‘green’-energy retrenchment. (MasterResource)

Can’t say they weren’t warned about this

Higher used car prices? Thanks, Nancy
Henry Payne

Used car prices are up, an unusual occurrence that has been a boon to dealers but a drag on consumers — particularly lower income earners.

Blame a shortage of late-model examples on the aftermath of the Great Recession, the Japanese earthquake’s effect on the supply chain, manufacturers cutting back on fleet sales, higher gas prices … and Nancy Pelosi.

“The ‘cash for clunkers’ program of two years ago sent 677,000 older vehicles to the junkyards, as their owners cashed in on a federal subsidy for buying more fuel-efficient cars,” reminds the St. Louis Post –Dispatch.

That’s because they were evil. Pelosi & Co. declared them enemies of the planet that had to be destroyed on the altar of global warming.

So obsessive were Democrats that NHTSA actually advised car dealers to replace clunkers’ motor oil with a sodium silicate solution — then run it through the engine to ruin it so that scrap dealers couldn’t resell parts. This further penalized the used parts industry during an economic recession.

Your tax dollars at work. (Planet Gore)

Tom Nelson: Prepare for better weather: Ontario to blow $80 million on charging stations for electric cars

Prepare for better weather: Ontario to blow $80 million on charging stations for electric cars

Message to McGuinty: Most green-job schemes have been miserable failures – The Globe and Mail

Dalton McGuinty has hit the campaign trail, and he’s paving it green. Earlier this month he announced that Ontario will pump $80-million into building charging stations for electric cars. “They are peppy, they are quiet, and the thing that I like best as a father, and ultimately a grandfather, I would hope, is that they’re clean,” he said. By 2020, he hopes, one out of 20 cars in Ontario will be electrically powered.

Meantime, Costco, the giant retailer, has pulled the plug on its electric car-charging stations, which it had installed in its California parking lots. The reason is that nobody uses them. Even China – which promised it would leapfrog the world in electric-car development – is backing off.

The moral of the story is as clear as a row of giant wind turbines on the horizon. Governments that invest in risky, expensive and unproven technologies will probably lose big. The only way they are able to lure private investment is with generous subsidies and long-term contracts. And even then, the failure rate is high. Ontario has already attracted its share of “suitcase” companies that are here so long as the money flows, and not a moment longer. And when they go belly-up, guess who’s stuck with the bills?

(Tom Nelson)

Global Warming Hoax Weekly Round-Up, Aug. 25th 2011

Clever German commuters hatch a plan to not get to work, hippies have all the best boats and CERN delivers a swift kick to climate science’s soft-parts. (Daily Bayonet)

Administration’s anti-energy production policy working pretty well

Rigged For Failure

Energy: A year ago, three oil rigs fled the Gulf of Mexico for better opportunities abroad. Now, it’s 10. Make no mistake, the toll is rising on a business environment marked by the Obama administration’s uncertainty.

It’s a sorry spectacle when rigs, the mighty instruments for extracting oil and gas from miles under the sea floor, are quietly pulling away from U.S. coasts for better business environments oceans away — namely the Republic of Congo, Nigeria, Egypt and Brazil.

“When you have companies that would be spending hundreds of millions of dollars, or in some cases billions of dollars, they need certainty,” Louisiana Oil & Gas Association President Don Briggs told BigGovernment.com. “We don’t have that now, and I don’t expect we will anytime soon.”

The massive planning, capital, project management and luck required to produce energy are uncertain enough.

The climate of government caprice makes it even worse.

The 2010 BP oil spill proved Obama’s anti-energy production talk was more than rhetoric — it was policy. (IBD)

Analysis: Rails, not pipes, may tame twisted oil market

Analysis: Rails, not pipes, may tame twisted oil market
Joshua Schneyer

U.S. crude oil shipments by railroad could help to end gaping price distortions in world oil markets faster than most traders have been expecting.

Rail shipments of crude from the landlocked and oversupplied Midwest to refiners in the Gulf Coast appear set to surge next year, to nearly double the volume now flowing in congested pipelines between the regions.

The shipments, which were rare until this year, have already grown to around 100,000 barrels per day (bpd) in recent months, industry sources told Reuters. Two rail terminals in St. James, Louisiana are receiving much of the crude, while other sites like Houston are taking additional crude.

The daily cargoes between the Midwest (PADD 2) and the Gulf Coast (PADD 3) could triple to 300,000 bpd by late 2012, industry sources said. Logistics firms unveiled plans for several new crude-by-rail terminals over the last four months.

Since the Department of Energy does not track crude-by-rail, there’s no official data on how much is moving.

But logistics firms say volumes are growing fast, a trend that could slash discounts of $24 a barrel on U.S. oil futures relative to oil in the Gulf Coast or Europe.

Delays in southbound pipeline construction and insufficient existing capacity have resulted in midwestern crude gluts, the main reason cited by oil traders for the unusual discounts. Railroads are emerging as a viable option for inland oil producers to get crude to coastal areas and maximize profits. (Reuters)

Actually “climate pollution” is wildly overstated at the best of times

Study: Climate pollution from gas drilling overstated
By Ben Geman

A prominent energy industry consulting group is alleging that recent Environmental Protection Agency and Cornell University estimates of greenhouse gas emissions from natural gas development are vastly overstated.

The new report from IHS-Cambridge Energy Research Associates comes amid debate over how much — if at all — expanded gas production can help battle climate change by displacing carbon-heavy coal and oil.

“Estimates are being used that are not supported by data, do not reflect current industry practice and would be unreliable to use as a base for decision-making,” Mary Barcella, the company’s director of North American natural gas, said in a news release.

Natural gas emits far less carbon dioxide than oil and coal when burned for electricity or as a transportation fuel.

But a key question is how much methane — a potent greenhouse gas — is escaping amid development of gas wells from shale formations in many states where production is booming.

The new IHS report alleges EPA made a significant mistake in 2010, when it increased its estimates of methane emissions from natural gas wells. EPA found in particular that so-called unconventional wells at the heart of the current boom emit vastly more methane.

The EPA methodology suffers from several flaws, IHS states, arguing that the EPA’s assumptions don’t reflect current industry well practices — therefore, the EPA “dramatically” overstated methane emissions. (E2 Wire)

Green advocacy group report says more money should be wasted on useless energy sources

Report: The West’s Clean Energy Future In Doubt
Ucilia Wang

Many utilities across the country have been investing in renewable electricity generation and technologies that cut inefficient energy use. But evidence shows that these initiatives will not likely lead to a strong shift away from using fossil fuels over the next four decades unless more aggressive policies and investments materialize, according to a report released Wednesday.

The report, “Western Grid 2050: Contrasting Futures, Contrasting Fortunes,” looks at how electricity sources for the 11 western states will change and what additional actions are necessary to cut carbon emissions and stop using coal, natural gas and even hydro power plants as the primarily sources of electricity.

More than $200 billion will likely be spent over the next two decades on measures such as replacing old power plants and adding more power plants and equipment to transport electricity from power plants to homes and businesses, the report notes. (Forbes)

Alan Caruba: The Great Renewable Energy Scam Continues

The Great Renewable Energy Scam Continues
Alan Caruba

I recently received a news release from The Council of State Governments headlined “New Report: Renewable Energy Worth Investment for Southern States” that touted “job creation, environment and public health” as benefits. It was filled with lies. (Warning Signs)