Wind’s latest problem: it . . . makes power too cheap
The dirty secret of wind: utilities don’t like wind not because it’s not competitive, but because it brings prices down for their existing assets, thus lowering their revenues and their profits.
The dirty secret of wind: utilities don’t like wind not because it’s not competitive, but because it brings prices down for their existing assets, thus lowering their revenues and their profits.
As oil companies reported sharply increased profits this week, an estimated 5000 barrels of oil a day was spewing into the Gulf of Mexico following the explosion of the Deepwater Horizon oil rig. This ecological disaster comes just a month after President Obama gave the green light to expand drilling off the US coast, and while the timing of the disaster could hardly be worse for big oil’s PR…
Everyone should listen to this BBC report on the “price of biofuels.” It digs into a key question: what does Europe’s appetite for biodiesel mean for people and ecosystems in the countries that produce the feedstocks?
-Giant gravel batteries could make renewable energy more reliable
-Regulators Approve First Offshore Wind Farm in U.S.
-Colorado Shows How It’s Done
-Windmill Boom Curbs Electric Power Prices for RWE
A weekly roundup of peak oil news, including:
-Prices and production
-Iraq
-Iran
-Power shortages
-Quote of the week
-Briefs
On January 28th, 1969 the Union Oil Company’s Platform A, located six miles from Santa Barbara, CA experienced a “blow-out.” Highly pressurized deposits of natural gas pushed upward against the newly bored well causing oil to leak from the pipe and casings…The blow-out was devastating. Ironically, and tragically, this year’s Earth Day celebrations coincided with another oil rig blow-out, this time offshore of Louisiana. Like other recent mining disasters, the explosion and sinking of the rig caused by a well blow-out has claimed the lives of at least eleven workers.
– Food aid shortfall threatens Yemen
– Food vs. fuel: growing grain for food is more energy efficient
– Colonizing cassava
– The coming famine: risks and solutions for global food security (book)
Renewables have been growing as inside a bottle so far; a bottle made of disbelief, red tape and not enough financing. It is time for a little satori in renewable energy. Renewables can hold on their own with new and more efficient technologies, in particular the CdTe thin film version which may have an EROEI of 40. With such EROEIs, we can start thinking of renewable energy as abundant and cheap.
A weekly roundup of peak oil news, including:
-Prices and production
-Isolating Iran
-Defense turns pessimistic
-Energy stat of the week
-Briefs
– Inside Cuba’s urban agriculture revolution (video)
– Flight ban could leave UK short of fruit and veg
– Beating obesity
– The trouble with Brazil’s much-celebrated ethanol ‘miracle’
– ‘Biggest problem you’ve never heard of’: Peak phosphorus
– Phosphorus famine: The threat to our food supply (Scientific American)
When homeowners fear high energy prices, winter power outages or loss of income they turn in big numbers to wood heating. It is a recognized pattern that’s been apparent each time people lose confidence in conventional energy price and supply…The thinking is that if everything goes to hell in a hand basket a wood stove can help get you through. That makes firewood a strategic fuel resource for families.
As Paul Krugman’s New York Times Magazine cover story on environmental economics, “Building the Green Economy,” was ricocheting around the enviro blogosphere last week, the American Wind Energy Association released its annual report on the state of the wind industry.