Category Archives: Oil

Sabal Trail like Keystone XL is for corporate profit not jobs

It would go through our land to be sold everywhere else, with no jobs here. It wouldn’t even be a nominal benefit for those of us whose land, water, and taxes it would take.

President Obama was half right:

Understand what this project is. It is providing the ability of Canada to pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else. That doesn’t have an impact on U.S. gas prices.

In his press conference of 14 November 2014, he was referring to the Keystone XL tar sands oil pipeline. Add Atlantic to Gulf and the above quote applies equally to the proposed Sabal Trail fracked methane pipeline.

History has countered his next assertion: Continue reading

Ask Sabal Trail to invest in solar farms instead of pipelines –Alton Paul Burns @ TCC 2014-12-09

He concluded, “There’s nothing beneficial to the state of Georgia in this pipeline.” Some Commissioners had never heard of Sabal Trail: now they have, from local resident Alton Paul Burns, at their 9 December 2014 Thomas County Commission Regular Session, and they know it could come right through Thomasville.

Discussing among themselves, one Commissioner remarked that the pipeline wouldn’t go through her place, but it was still a concern, and they should ask Sabal Trail to come explain themselves.

Later, Continue reading

Bloomberg notices solar now cheaper than all other forms of energy

What Jon Wellinghoff predicted a year ago is starting to filter 300x199 Solar prices dropped below all other energy sources, in Georgia solar breakeven, by John S. Quarterman, 30 November 2014 into the news media: solar is going to win, and very quickly. Welcome to a sunny world!

Tom Randall, Bloomberg, 29 October 2014, While You Were Getting Worked Up Over Oil Prices, This Just Happened to Solar,

After years of struggling against cheap natural gas prices and variable subsidies, solar electricity is on track Continue reading

OPEC v. fracking: Russia to win, U.S. LNG export to lose

OPEC just pushed down oil and gas prices, and the main beneficiary will be Russia. 300x166 NYSE ARCA OIL & GAS INDEX (INDEXNYSEGIS:XOI), in OPEC drops oil and gas prices, by John S. Quarterman, 28 November 2014 U.S. and other sanctions to punish Russia for invading Ukraine already pushed the ruble down, which makes Russian fracking less exposed to this price drop. Natural gas prices are falling with oil prices. So a big winner could be Siberian natural gas fracking for China. Which could nip U.S. LNG exports at their budding export terminals. Since LNG export is the most profitable market for fracked methane, the pipeline craze could go bust. And that could help the U.S. get on with cheaper, faster, safer, and far cleaner solar power.

Will Kennedy and Jillian Ward, Bloomberg, 27 November 2014, OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says, Continue reading

Keystone XL pipeline rejected in U.S. Senate

We are all Indians to the fossil fuel cowboys, but this time the Indians won. The U.S. Senate yesterday rejected the Keystone XL pipeline. It won’t end there, but it should, because solar power is cheaper, faster, cleaner, and actually does bring jobs to the U.S.


Picture from US Uncut

Of course, TransCanada has a backup plan for getting its dirty Alberta tar sands oil to overseas market: a pipeline entirely through Canada to New Brunswick. Which means the past several years of TransCanada insistence that Keystone XL was necessary was just so much bs. Which indicates how much we should believe other Keystone XL claims, such as those about jobs the pipeline would supposedly create.


Source: Reuters

Angelo Young, International Business Times, 8 October 2014, No Keystone XL Pipeline? No Problem, Says Canadian Firm Planning To Send Crude East Instead Of South, Continue reading

Even more U.S. solar jobs than in coal or oil and gas extraction

In a year solar jobs increased more than 20% to 142,000, according to the National Solar Jobs Census 2013.

Let’s remember Politifact Rhode Island rated as true Senator Sheldon Whitehouse’s claim that there are already more solar jobs than coal mining jobs. And already last year there were more solar jobs than in production and nonsupervisory oil and gas extraction. That was 119,000 solar jobs according to the National Solar Jobs Census 2012 by the Solar Foundation; thus the 20% increase.

Meanwhile, “production and nonsupervisory employees” in the oil and gas extraction industry increased 4% from 106,400 in September 2013 to 110,600 in September 2014, according to Oil and Gas Extraction: NAICS 211 by the U.S. Bureau of Labor Statistics. Total oil and gas industry employment increased 8% from 197,500 to 213,100 in the same period.

Of course, we really should be using the 2013 (not 2014) oil and gas figures to compare Continue reading

Georgians march in NYC for climate action

It’s a start. At least New York City is already doing something. Time for Georgia to stop burning more fossil fuels and uranium and get on with solar power.

By Lisa W. Foderaro, NY Times, 21 September 2014, At climate change march in New York, a clarion call for action,

Participants from across the country began arriving early on Sunday morning at the staging area near the American Museum of Natural History. Rosemary Snow, 75, stretched her legs after a nearly 14-hour bus ride from Georgia.

Continue reading

Solar or wind investment will produce more energy than oil or natural gas

We already knew solar and wind are better investments than nuclear or natural gas, and now we find they’re already better than oil.

In Impact Lab 18 September 2014, $100B invested in wind or solar will produce more energy than oil,

Kepler Chevreux, a French investment bank, has produced a fascinating analysis that has dramatic implications for the global oil industry. The investment bank estimates that $100 billion invested in either wind energy or solar energy — and deployed as energy for light and commercial vehicles — will produce significantly more energy than that same $100 billion invested in oil.

The implications, needless to say, are dramatic. It would signal the end of Big Oil, and the demise of an industry that has dominated the global economy and geo-politics, for the last few decades. And the need for it to reshape its business model around renewables, as we discuss here.

“If we are right, the implications would be momentous,” writes Kepler Chevreux analyst Mark Lewis.

“It would mean Continue reading

Solar Power Hot Topic on LAKE blog

Some like pithy posts, and others like long historical summaries: see the Solar Hot Topic for the latter. I’ve just added links about solar parking lots, Oakland, CA, Dublin, GA and Lowndes High Schools, and super-lobbying group ALEC’s efforts in every state legislature to oppose solar power.

Solar will win, simply because it’s already cheaper than anything else and the prices keep going down. The fossil industry will delay as long as possible to suck up more profit, but even Wall Street has turned against fossilized utilities that aren’t doing renewables yet. We the people will win. We just need to stop the fossil junkies from doing more damage before they lose. The sun is already rising.

-jsq

More American jobs in the solar industry than in coal mining. –True, says PolitiFact

PolitiFact Rhode Island examined 6 July 2014 a claim by Senator Sheldon Whitehouse of 27 May 2014 and found that:

Sen. Sheldon Whitehouse said that solar industry jobs have now outpaced coal-mining jobs.

The most recent data from three objective sources support his claim.

Continue reading