fracking
The Dim Outlook for Trump Energy Dominance
About the best he can hope for in the long run is to maintain the status quo.
U.S. oil is seeing a future of declining U.S. and global demand for gasoline and diesel, with U.S. production also remaining stagnant. The future for natural gas production is looking rosier given increasing energy demand and possible growth in U.S. exports. From the perspective of the oil industry, this is probably an optimistic forecast. It assumes that there are no major advances in battery technology that would further accelerate adoption of EVs or sharp decreases in the price of solar. It also assumes that nuclear power doesn’t expand globally, and that other countries are willing to trust the U.S. as a source of a vital energy resources.
CONTINUE READINGTroubled Waters
We’re seeing increasing signs of a malfunctioning US water system.
Water problems are popping up all over. Literally so, in at least one case. In the Permian basin, geysers of toxic wastewater are erupting. The water was pumped underground as part of the basin’s massive fracking operations. Fracking produces five or six barrels of wastewater for every barrel of oil. High pressure underground is pushing wastewater into oil and gas basins as well as threatening drinking water aquifers. We’ve been taking our ability to obtain water and manage discharges for granted, just as we tend to take plumbing for granted except when it starts leaking or breaking down. It appears that our neglect is beginning to catch up with us.
CONTINUE READINGThere are Piles of Coal in America’s Christmas Stocking
Coal is piling up, unused, at powerplants across the country
Bad children, supposedly, will get only lumps of coal in their stockings. That could be taken as a metaphor for the anti-environmental programs coming down the line, but I have in mind something a bit less metaphorical. According to a recent report, coal-fired power plants have immense piles of coal – 138 million tons, equal …
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CONTINUE READINGThe Harris-Trump Debate and Environmental Policy
In the ABC News debate, both candidates were asked directly, “What would you do to fight climate change?” Fracking and energy policy got most of the focus.
While abortion and immigration took center stage during last night’s presidential debate in Philadelphia, climate change and energy policy were referenced throughout the more than ninety minutes, in stark contrast to that Biden-Trump debate in June in which climate change was largely relegated to one question. From the very beginning of the debate, Trump attempted …
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CONTINUE READINGWhat’s Been Killing U.S. Coal?
No, it’s not Biden. Or EPA. The culprits are supply and demand.
From 1960 to 2005, coal use grew more or less steadily by 18 million tons per year. It then tread water for a few years and began a steep decline in 2008, going from half of U.S. electricity to about one-fifth today. What happened in the middle of the Bush Administration to halt growth? And …
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CONTINUE READINGThe Debt Ceiling and the Environment
GOP demands would devastate environmental protection
Kevin McCarthy sketched the outlines of his opening demand to raise the debt limit last week, and the bill has now been released. If adopted, it would have a devastating impact on environmental protection and climate action. One impact would be budgetary – repealing much of the Inflation Reduction Act while kneecapping EPA’s ability to …
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CONTINUE READINGWhat Do Dems Think about Climate Policy?
The candidates are united on some issues, but divided or equivocal on others.
Yesterday, the Washington Post published a survey of the Democratic candidates’ positions on climate change. The differences between candidates probably don’t have a lot of immediate policy relevance, given the political and legal constraints on what a new president could accomplish. But they are very revealing about the direction of the Democratic Party today. The …
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CONTINUE READINGWhat the Market Is Telling Us About Coal
Dump your coal stocks while you still can!
The market’s message is simple: coal’s day is ending. Three major coal companies (Alpha Natural Resources, Walter Energy, and Patriot Coal) have gone into bankruptcy. The two largest publicly traded companies (Peabody and Arch) are now trading for a dollar a share, down from $16 and $33 within the past year. They, too, may well …
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CONTINUE READINGCalifornia Governor Jerry Brown: Environmental Saint or Sinner?
Brown’s National & International Environmental Reputation Disputed by Some California Environmentalists
California Governor Jerry Brown has had a most eventful 2015, especially when it comes to environmental policy. He started the year fresh from an overwhelming election victory last November, earning him an unprecedented fourth term as California’s chief executive. Brown began 2015 by declaring a state drought emergency and becoming California’s “educator-in-chief,” repeatedly warning state …
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CONTINUE READINGInjecting Earthquakes
The scientific evidence shows a clear link between injection wells and earthquakes. The legal consequences are less clear.
A recent study of injection wells and earthquakes got a lot of press, but the reports missed an important nuance. The study, published in the June 19 edition of Science, found a definite connection between well injection and earthquakes. But there was an interesting wrinkle: “The scientists found that disposal wells were 1.5 times more likely to …
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