Today’s energy supply is equivalent – in energy terms – to 22 billion slaves working around the clock. We’re living with this enormous stock of slaves working for us – in the form of oil – but by the end of this century, there aren’t any more of them. 610 more words
Tags » Fossil Fuel
By Chris Edwards – Re-Blogged From http://www.downsizinggovernment.org
The energy industry has been heavily regulated and subsidized by the federal government for decades. The Department of Energy’s array of subsidy programs grew out of atomic research efforts of the 1950s, responses to the energy crisis of the 1970s, and concerns about conservation and global warming in recent decades. 1,992 more words
“Carbon reserves were becoming more concentrated at the top as fossil fuel companies struggling with slumps in coal and oil markets merged. … Investors who dumped their fossil fuel holdings over the past five years actually earned 1.2% a year more than those remaining in coal, oil and gas.” ( 23 more words
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Germany’s electricity traders may face busy weekends as sunny weather positions the nation for a season of solar power records.
After Wednesday’s all-time high of 27.7 gigawatts, Europe’s biggest electricity market is poised for new highs in the next few days or weeks, according to group meteorologist Marcus Boljahn at MeteoGroup.