1. Raising Energy Efficiency in a New Materials Economy
The modern economy that thrives on ‘throwaway’ components wastes both material and energy. It results in the production of climate-disrupting carbon dioxide emissions. Such a one-way linear flow cannot survive in nature nor can it survive in the expanding economy. Such an economy is an aberration. The petrochemical industry accounts for about a third of the global industrial energy consumption. Increasing the practice of recycling can reduce the consumption of fossil fuel, the feedstock in the plastic manufacturing industry. Using the most efficient manufacturing methods available today can reduce energy consumption in the petrochemical industry by about 32%.
Peak Oil News
2. Well, So Much for a Future of $200 Oil
Investors are beginning to rethink the idea that the price of crude oil is heading towards $200 as oil prices slid below the $120 mark, touching levels last seen in May. Decreasing US demand and increasing worldwide supplies brought down the shares of several energy giants. It is a vindication for analysts who have been saying that oil prices were unjustifiably high and were in a bubble territory created by a mix of financial conjectures, worries about an increasing Asian demand, and chances of a military attack on Iran. Oil prices are still unsteady and there are possibilities of a further decline.
Forbes msnbc
3. Today on the Presidential Campaign Trail
Continuing the episode on tire pressure, Barack Obama taunted John McCain for first ridiculing his advice to keep tires correctly inflated for greater fuel efficiency, and then acknowledging that the advice was sound. On another campaign platform, McCain called upon the Congress to return from its summer break and immediately address the nation’s energy crisis. However, critics were quick to point out that McCain had missed a number of energy-related votes last year. In a poll, a majority of people said that they were tired of hearing about Obama, while just a quarter of those polled said the same about McCain.
Yahoo! News
4. Home Energy Prices Are Expected to Soar
The recent drop in prices of oil and natural gas was greeted with optimism but the prices are still quite high. Natural gas price is 11% higher than it was last year, while the price of heating oil price is up by 36% from last year. Electricity costs are also higher. The price protection plans and locked rates that fuel dealers usually offer customers are becoming rare as energy markets become more unpredictable. Heating oil dealers are facing the repercussions of the nation’s credit crisis. Banks are reluctant to extend any new credit lines making it difficult for retailers to build an inventory as they normally would.
The New York Times
5. Learning to Speak Climate
Renowned author and journalist Thomas L. Friedman writes from Greenland that the island is one of the best places to see the effects of climate change. The island has no industry, thus any change in its climate is because of the influence of atmospheric and ocean currents that touch the island. The native people live very close to nature and each person is like a barometer measuring the changes in climate. Greenlanders can no longer say with confidence ‘well usually…’ when you ask them about the climate but they are saying more of ‘I’ve never seen that before’!
The New York Times
6. An Energy Diet for Power-Hungry Household PCs
Microsoft Corporation, Climate Savers Computing Initiative, and Verdiem are teaming up to draw attention to the energy-saving opportunity in PCs. They are distributing a free software tool to help consumers save energy. Research firm Gartner estimates that 40% of all carbon dioxide emissions in the information technology industry is from PCs. Data center computers, printers, and telecommunication equipment emit a smaller amount. Taking into account the one billion PCs in use globally, the potential savings in both dollars and pollution is huge. Edison, the free software, is the consumer version of the software sold by Verdiem to its corporate customers.
The New York Times
7. Tapping the Power of Sun, Wind and Water
A large number of families across Alaska are hooking up to renewable energy systems, such as wind turbines, solar panels, and hydropower. Although there is no official data about the users, companies that design, sell, and install such systems report that there are hundreds of such users. For homes in remote areas, hooking up to power lines is extremely expensive and in such areas, it is as common to see solar panels, as it is to see swing sets in the backyard! For Harvey Bowers however, it was a run-in with the local power line company that compelled him to make the switch.
Anchorage Daily News
8. BP and Verenium Team Up to Produce Biofuels
Europe’s second largest oil producer, BP PLC, will be partnering with American biofuels producer, Verenium Corp., to develop and begin commercial production of next generation biofuels. BP will be making its investments over the next 18 months to secure joint rights to current and future technology developed within the partnership. The partnership is expected to hasten the development of cellulosic ethanol through facilities in the US. This is a biofuel produced from nonfood biomass sources, a truly next generation fuel. Set up by Verenium, a cellulosic ethanol plant on a demonstration scale has been operating in Louisiana from early this year.
International Herald Tribune
9. GWS Technologies, Inc. Announces Additions to Microgeneration Product Line
Headquartered in Scottsdale, Arizona, GreenWindSolar (GWS) Technologies is an alternative energy company that develops and markets wind and solar powered renewable energy products. Its products range from wind turbines for point-of-use alternative energy generation to handheld devices that can recharge an iPod. The company recently announced the addition of several new products to its microgeneration line such as portable solar chargers such as Voltaic Systems' Solar Backpacks, IceTech's Solar i9005, and the Powermonkey-eXplorer. With widespread acceptance of operating personal electronics using solar power, the company expects its new line of products to fare well in the market.
MarketWatch
10. Investing in Solar & Wind: Green ETFs
In The Safe Money Report, Sean Broderick writes that while there are no ‘silver bullet’ solutions to the global energy crisis, there are some solutions, such as solar and wind power, that do work. He reviews the two and writes why they work. He agrees that setting up wind farms is expensive, but the costs should be lower in large-scale operations. Besides, with prices of coal and natural gas rising, wind power is becoming competitive. Solar units are expensive too but they pay for themselves in the long run. Broderick lists two ETFs that focus on the wind and solar space.
BloggingStocks
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