Posted on 01/21/2011 10:04:22 AM PST by Ernest_at_the_Beach
Huge new discoveries in gas, oil and rare mineral deposits see major investors and governments bail out of a collapsing green energy market. .imagelightbox {margin:10px 0px 10px 10px; float:right; max-width:300px; padding:10px 0px 10px 0px; border-top:1px solid #CCCCCC; border-bottom:1px solid #CCCCCC;} .midArticleBox {margin:10px 10px 10px 0px; float:left; width:300px;height:250px; padding-top:10px; border-top:1px solid #CCCCCC; border-bottom:1px solid #CCCCCC;}
Suggesting to readers that stories about any impending peak energy crisis is just hot air Dr. Benny Peiser of the Global Warming Policy Foundation (January 20, 2011) presents a swath of news reports making uncomfortable reading for environmentalists and green investors.
Peiser shows the rush away from green energy began in earnest in December 2010 when first a pro-green Spain slashed funding for wind projects by 35% and declared photovoltaic plants would be cut by 45%.
France then announced a four-month freeze on all solar projects. Then Germany announced it might discontinue the solar industrys sweetheart tariffs in 2012. The German Energy Agency, the countrys official advisor on renewables called for Germanys drive toward solar to be cut back quickly and drastically.
According to theGlobal Warming Policy Foundation(GWPF) Dr Fatih Birol, chief economist of the International Energy Agency. told an assembled London audience that it was now impossible to meet targets to restrict agreed limits on emissions of carbon dioxide.
Birol conceded that as the eco-energy market stumbles the traditional energy sources show a sudden surge in reserves.Birol blames the shale gas boom in the US that has led to a 50% drop in investment in renewable energy. "There's suddenly much more gas available in the world than previously thought."
One notable investor at the head of the rush is Bill Gates....
(Excerpt) Read more at suite101.com ...
Thackney,bobthenailer...does this track with what you see?
Bill Gates?? aka Mr. Green in the Counting House...
Shale gas boom on ( IEA says 250 year supply possible Globally)
And:
Renewables Won't Keep the Lights On
And:
Will High Costs Kill Merkel's Green Revolution? ( Germany and Green Energy )
but.. but .. but..
I wish I saw more of this in the US. Most of our projects are outside the US borders.
One caveat, and those in the biz will have better detail on this: The new discoveries will be more expensive to produce than the old pay deposits. They will still be cheaper than so-called green energy, but they will result in higher retail prices in the future.
These discoveries, combined with the continued development of algae and microbe-based energy sources, are good news.
Lord Saint Algor, very very sad. :(
Thanks.
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