Big Oil and Gas Slog On: Economic Meltdown Roundup for Nov 11, 2013
In this "Veterans' Day" edition of my weekly Economic Meltdown Roundup rant, I spend my time looking into various stories from the business page about the growing battle between new renewable sources of energy vs. the old dinosaurs. Here's what is going on 12 miles from Fukushima: http://finance.yahoo.com/news/japan-starts-offshore-wind-farm-near-fukushima-092857354--finance.html Here's how frackers are saving the planet by using less water: http://news.yahoo.com/more-oil-gas-drillers-turn-water-recycling-065648261--finance.html Here's a sliver of truth about fracking's "benefits" to job creation: http://finance.yahoo.com/news/pa-gas-drilling-job-figures-154900023.html Here's how Exxon and BP are ramping up production of liquid natural gas: http://www.fool.com/investing/general/2013/11/11/exxonmobil-and-bps-latest-lng-plans.aspx Here are three reasons why Americans are using less oil: http://www.fool.com/investing/general/2013/11/10/3-reasons-why-america-is-using-less-oil.aspx Here's one more way Al Gore is full of shit: http://finance.yahoo.com/blogs/daily-ticker/al-gore-wrong-renewable-fuels-not-replacing-oil-123132104.html Here is the most intelligent solution I have ever read on the mainstream media business page (or anywhere else) on how to solve climate change: http://finance.yahoo.com/blogs/daily-ticker/cure-costly-climate-change-contraception-133118152.html
Comments
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The notion that climate change is slowing economic growth, and that this is "bad" is 1 more example of the persistence of misconceptions that you find among newscasters and the "sheeple" .
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Jeremy Leggett:
"No matter who’s right in the peak oil debates, there has always been easily enough oil and gas, combined with coal, to wreck the climate and bring down civilisation."
Leggett interviewed by Rob Hopkins:
https://www.transitionnetwork.org/blogs/rob-hopkins/2013-11/jeremy-leggett-make-no-mistake-energy-civil-war -
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