China Vs. United States: War Of The Oil Sands
Sunday, 11 September 2011 15:21 Michael Ray, Seeking Alpha
It will be interesting to see how the battle for the oil sands plays out. What it comes down to is that no matter how hard the environmentalists wish the oil sands would just go away, the fact of the matter is that demand for oil is growing.
If one was to pay attention to current political/military events, it would be hard to miss the coming rise to power of China. This nation of 1.3 billion people has been on a rapid growth rate of both economic and military might in recent years. Just recently China introduced its own version of a stealth fighter aircraft and its first aircraft carrier, which used to be the”Varyag” from the Russian Navy. On top of these recent developments, add a very sophisticated cyber warfare unit and you get an opponent with growing capabilities. Needless to say, the Pentagon has some concerns dealing with the rising power base that China has. As both countries endlessly spar over and contest such territories as the Yellow Sea and Taiwan, the real battle between the superpowers has already begun and the opening salvos might just be in the interior of Canada at the oil sands. The question is how investors can benefit from the coming struggle for this valuable piece of land and the resources it holds. (GWPF)
Nuke regulators bring Yucca Mountain waste plan closer to death
By Ben Geman
The Nuclear Regulatory Commission (NRC) acted Friday to end review of the proposed Yucca Mountain nuclear waste repository, handing a victory to the Obama administration in its ongoing effort to kill the project.
The NRC split 2-2 in failing to decide whether to uphold or reject a decision by its Atomic Safety and Licensing Board (ASLB), which last year rejected the Energy Department’s attempt to withdraw the license application for the Nevada project.
But the NRC, citing funding constraints, instructed the ASLB to close out its work on the project by the end of this fiscal year, which is the end of the month. (E2 Wire)
Lawrence Solomon: Just a (nuclear) waste
Why spend billions to store used fuel that won’t kill anyone?
Canada’s nuclear industry is again plying the back routes of Ontario’s northlands, looking for a willing host in places like Hornepayne (population 1,209) and Ear Falls (population 1,153) for a multi-billion-dollar long-term storage facility for the country’s nuclear wastes.
Twenty years ago, the last time the industry made a concerted push to convince northern communities to accept radioactive waste, the organization I work for, Energy Probe, helped community activists deep-six the plans. Today, some of those same activists of a generation ago again oppose plans to deposit the country’s nuclear waste somewhere in the vast Ontario wilderness. I am among them, but my reasoning has changed. Twenty years ago, I thought the wastes too risky to bury. Today, I think them too safe. (Financial Post)
Exclusive: EU to delay action on biofuels’ indirect impact
The European Union’s top climate and energy officials have agreed to delay by up to seven years rules that would penalize individual biofuels for their indirect climate impacts, details of the deal showed.
The political compromise is designed to protect EU farmers’ incomes and existing investments in the bloc’s 17 billion euro-a-year ($24 billion) biofuel sector, while discouraging new investments in biofuels that do nothing to fight climate change. (Reuters)
Wind farms: the monuments to lunacy that will be left to blot the landscape
These pointless monstrosities will continue to proliferate until the Government sees sense.
Three separate news items on the same day last week reflected three different aspects of what is fast becoming a full-scale disaster bearing down on Britain. The first item was a picture in The Daily Telegraph showing two little children forlornly holding a banner reading “E.On Hands Off Winwick”.
This concerned a battle to prevent a tiny Northamptonshire village from being dwarfed by seven 410-foot wind turbines, each higher than Salisbury Cathedral, to be built nearby by a giant German-owned electricity firm. The 40 residents, it was reported, have raised £50,0000 from their savings to pay lawyers to argue their case when their village’s fate is decided at an inquiry by a Government inspector. (TDT)
Solar Bankruptcy Scandal Deepens
Sunday, 11 September 2011 21:57 Bob Beauprez, Townhall
A high profile, politically well-connected California solar energy company that had won a $535 million loan guarantee from the Obama Administration declared bankruptcy earlier this month and closed its doors sending 1100 workers to the unemployment line. The demise of Solyndra has already sparked an FBI investigation, congressional hearings, and raised numerous questions of political cronyism and corruption connected to the highest levels of the Obama Administration. (GWPW)
Report: FBI expands Solyndra raid to homes of CEO, execs
The FBI on Friday expanded its investigation into now-bankrupt solar power company Solyndra, searching the homes of the company’s CEO and two of its executives, ABC reports. The federal agents examined computer files and documents at the homes of CEO Brian Harrison, company founder Chris Gronet and a third unnamed executive. (E2 Wire)
“The Skeptical Environmentalist”: A Ten Year Appreciation (Bjørn Lomborg vindication of the late Julian Simon continues to resonate today)
by Robert Bradley Jr.
September 9, 2011
Ten years ago this month, a landmark book was published that put neo-Malthusianism on the defensive. The unvarnished facts were there to weaken doom-and-gloom prognostications, but it took a rare individual named Julian Simon (1932–1998) ) to uncover the anomalies and present them in integrated and compelling form–and to win the most famous wager in the history of economics!
Then came a young Dane named Bjørn Lomborg set out to refute Simon but instead rediscovered the bogey of fixed-pie, depletionist thinking. This audacious 36-year-old also found that whether the result was of market progress or regulation, virtually all environmental indicators were trending positively, not negatively. Lomborg could agree with the title of Simon’s last major public address, “More People, Greater Wealth, Expanded Resources, Cleaner Environment.” (MasterResource)