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Winners and Losers in the Great Global Energy Struggle to Come | The Nation

28 Jun

Think of us today as embarking on a new Thirty Years’ War. It may not result in as much bloodshed as that of the 1600s, though bloodshed there will be, but it will prove no less momentous for the future of the planet. Over the coming decades, we will be embroiled at a global level in a succeed-or-perish contest among the major forms of energy, the corporations which supply them and the countries that run on them. The question will be: Which will dominate the world’s energy supply in the second half of the twenty-first century?

How will things shake out? We don’t know. But:

Were I to wager a guess, I might place my bet on energy systems that were decentralized, easy to make and install and required relatively modest levels of up-front investment. For an analogy, think of the laptop computer of 2011 versus the giant mainframes of the 1960s and 1970s. The closer that an energy supplier gets to the laptop model (or so I suspect), the more success will follow.

via Winners and Losers in the Great Global Energy Struggle to Come | The Nation.

Behind Veneer, Doubt on Future of Natural Gas

27 Jun

Sounds like the energy folks are placing too much faith in their own private Tinker Bell.

But not everyone in the Energy Information Administration agrees. In scores of internal e-mails and documents, officials within the Energy Information Administration, or E.I.A., voice skepticism about the shale gas industry.

One official says the shale industry may be “ set up for failure.” “It is quite likely that many of these companies will go bankrupt,” a senior adviser to the Energy Information Administration administrator predicts. Several officials echo concerns raised during previous bubbles, in housing and in technology stocks, for example, that ended in a bust.

via Behind Veneer, Doubt on Future of Natural Gas – NYTimes.com.

Insiders Sound an Alarm Amid a Natural Gas Rush – NYTimes.com

26 Jun

But the gas may not be as easy and cheap to extract from shale formations deep underground as the companies are saying, according to hundreds of industry e-mails and internal documents and an analysis of data from thousands of wells.

In the e-mails, energy executives, industry lawyers, state geologists and market analysts voice skepticism about lofty forecasts and question whether companies are intentionally, and even illegally, overstating the productivity of their wells and the size of their reserves. Many of these e-mails also suggest a view that is in stark contrast to more bullish public comments made by the industry, in much the same way that insiders have raised doubts about previous financial bubbles.

In other words, business as usual; self-deception, lying, and lBS.

via Insiders Sound an Alarm Amid a Natural Gas Rush – NYTimes.com.

Van Jones Returns, Launches Liberal Alternative to The Tea Party | The Nation

25 Jun

Another hat in the alternative party arena:

According to Jones and MoveOn, the driving forces behind the launch, “Rebuild The Dream” is the Left’s collective effort to use grassroots organizing and new media to challenge the rhetoric coming out of Washington and strengthen the middle class.

Jones is a natural fit to lead the effort. For many Democrats and liberals, he is viewed as a rare pol who can leverage authority, celebrity and purity. His professional and ideological credentials are in good order; he led up Green Jobs for the Obama administration, and was infamously run out of that job after a misleading and race-baiting campaign by Glenn Beck. Jones never sold out — he blew up. …

In Jones’ speech on Thursday, he argued that an active government was critical to building a healthy middle class, regulating responsible employers, and cultivating “good citizens.”  He warned the audience about three “lies” animating the conservative narrative:  America is broke; Taxing the wealthy is bad for the economy; and “Hating” on our government” is actually patriotic.

via Van Jones Returns, Launches Liberal Alternative to The Tea Party | The Nation.

A Richer Shade of Green: The Wisdom of Sustainable Investment Funds | The Nation

24 Jun

The need to put a premium on sustainability is not widely acknowledged in the investment community and certainly not among our elected officials, policy-makers and advisers. This presents an opportunity for astute companies and investors. In the long term, companies will benefit from aggressive action to dematerialize, substitute renewable energy for fossil fuel–based sources, increase energy efficiency, reduce water use and promote reuse, and tighten up sourcing and distribution channels. Investors with an eye on long-term gains will seek companies that are addressing these issues.

via A Richer Shade of Green: The Wisdom of Sustainable Investment Funds | The Nation.

New York Times Reporter Alleges Obama Government Harassment, Surveillance

24 Jun

A New York Times reporter who helped uncover the Bush administration’s secret domestic spying program says he continues to face government surveillance and harassment under President Obama. In a new affidavit, James Risen says government monitoring of his incoming and outgoing phone calls has carried over from the Bush years. Risen has been subpoenaed twice to reveal his sources for a 2006 book on the CIA, in which he detailed the CIA’s role in disrupting Iran’s nuclear program. Risen writes: “I believe that the efforts to target me have continued under the Obama administration, which has been aggressively investigating whistleblowers and reporters in a way that will have a chilling effect on freedom of the press in the United States.”

via New York Times Reporter Alleges Obama Government Harassment, Surveillance.

Life Inc. – Good Graph Friday: You’re working harder, they’re making money

24 Jun

The land of the free and the home of the brave have become a money machine for the rich:

A new graphic from Mother Jones shows what many of us suspect: We’ve gotten a lot more productive in recent years, but our wages haven’t reflected that.

The richest Americans, on the other hand, appear to be doing a better job reaping the rewards of everyone’s hard work.

The graphic, which uses data from the Bureau of Labor Statistics, Congressional Budget Office, Census Bureau and the Economic Policy Institute, shows that productivity has risen steadily over the past three decades, while overall wages have barely changed.

Meanwhile, the nation’s wealthiest have seen their income surge.

via Life Inc. – Good Graph Friday: You’re working harder, they’re making money.

Bill Clinton’s Legacy of Denial

23 Jun

Does Bill Clinton still not grasp that the current economic crisis is in large measure his legacy? Obviously that’s the case, or he wouldn’t have had the temerity to write a fourteen-point memo for Newsweek on how to fix the economy that never once refers to the home mortgage collapse and other manifestations of Wall Street greed that he enabled as president.

via Bill Clinton’s Legacy of Denial | The Nation.

Mayors Call for a Quicker End to Wars So Money Can Be Used for Needs at Home – NYTimes.com

22 Jun

Mayors from across the country voted Monday to approve a resolution that calls on the federal government to hasten the end of the wars and to “bring these war dollars home to meet vital human needs, promote job creation, rebuild our infrastructure, aid municipal and state governments, and develop a new economy based upon renewable, sustainable energy and reduce the federal debt.”

via Mayors Call for a Quicker End to Wars So Money Can Be Used for Needs at Home – NYTimes.com.

Three-Month Update of Fukushima Accident and the Flood of New Information Coming Out | Dr. Kaku’s Universe | Big Think

21 Jun

In the nuclear world, negligence, stupidity, and greed are the gifts that keep on giving, for centuries or more.

6. Estimates for the clean up vary. Toshiba corporation estimated it would take 10 years. The Hitachi Corp estimated, however, that it would take 30 years. One nuclear engineer estimated that it might actually take 100 years. Remember that it took 14 years to clean up Three Mile Island, where there was no breech of containment. It has been 25 years since Chernobyl, and that accident still has not ended. So 30 to 100 years are not unreasonable guesses for the amount of time the cleanup will take.

via Three-Month Update of Fukushima Accident and the Flood of New Information Coming Out | Dr. Kaku’s Universe | Big Think.