Latest Articles
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Notable quotable, non-environmental edition
“It depends on who does it.” — Republican presidential candidate Rudy Giuliani, on whether waterboarding is torture
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Earth still round; sky, blue
IPCC: climate change will hit poor hardest.
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No supply-side energy solution will come to our rescue
No one is going to come to the rescue on the supply side -- and, of course, we remain stuck with an administration that doesn't believe in demand-reduction strategies.
As the Wall Street Journal (subs. req'd) reported in "OPEC's Lever Loses Its Pull on Oil":Oil prices are hovering near historic highs, but consuming nations shouldn't expect quick relief from OPEC, the world's only source for big, quick supplies.
For several reasons, the Organization of Petroleum Exporting Countries has neither the clear leverage nor the inclination to open the spigots and drive down the price of crude, which jumped past $90 a barrel in intraday trading in New York last week for the first time.This figure shows how little spare capacity OPEC has -- essentially none outside of Saudi Arabia, and the Saudis have no inclination to initiate a major price drop, especially since these prices do not appear to be destroying demand.
Moreover, the International Energy Agency (IEA) warned back in July that it saw "OPEC spare capacity declining to minimal levels by 2012."
And the WSJ notes no one outside of OPEC will be coming to the rescue either:
Saudi Arabia has little to fear from the world's other major producers, such as Russia, which in decades past have ramped up supplies in an effort to capture a greater market share. But at the moment, the world's major producers for the most part are already pumping flat-out.
"They have little competition from non-OPEC suppliers and few worries about losing market share," says Jeffrey Currie, senior energy economist at Goldman Sachs in London.We cannot be far from $100+ oil.
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Notable quotable
“Well, there are public health benefits to climate change, as well, both benefits and concerns …” — White House spokeswoman Dana Perino
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Two new environmental blogs
In general, I have been critical of media coverage of global warming. So I am pleased to announce that two of the best environmental journalists working have launched blogs:
• A new environmental blog from Mark Hertsgaard, the terrific environment correspondent for The Nation (and author of a lot of great books).
• A new sustainability blog from The New York Times, dotearth, led by their first-rate climate reporter, Andrew Revkin. Revkin notes the limits of the traditional media on these issues:
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Dialing local ag up from its very source
Here's a way to save for the future, one that may prove just as important as cash: a community farm, Red Gate Farm, in my town has started a grassroots seed bank to develop and disseminate local vegetable varieties, and it depends on its members to help grow the seeds out and contribute new ones. It's a great (and replicable) community project, with fingers deep in the area's history and culture. And with a climate on the fritz, indigenous seeds will likely play an increasingly important role in sustaining local agriculture.
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Green car dealerships sell alternative vehicles
Want to buy a green car (and we’re not talkin’ paint color)? Get thee to one of at least 16 car dealerships in the U.S. that sell only alternative vehicles. Says one green dealer in Montana: “This is exciting, this is innovating … and you can make money doing this. What can be more American?”
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Citigroup finds Senate fuel efficiency targets attainable
Financial giant Citigroup recently analyzed the question of whether the CAFE fuel-efficiency targets in the Senate energy bill are possible for the automakers to meet. Its finding: Yes, they are "tough but attainable" (sub rqd), and might even prove a net financial benefit. Said Rep. Ed Markey: "When you have the world’s number one bank, […]
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Brundtland update finds problems unsolved
How about a big, gristly, indigestible hunk of bad news? Yeah? OK! Everything that was going to hell 20 years ago is still going to hell (sub rqd): Twenty years after the seminal … Brundtland Commission report "Our Common Future" warned of persistent global environmental degradation, the most pressing concerns facing the world’s climate and […]
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Green groups battle over climate bills in the Senate
When writer and climate activist Bill McKibben took to the pages of The Washington Post late last month to demand that legislators and activists back the most ambitious climate-change bill in the U.S. Senate, it was more than a call to action — it was a public salvo in a contentious behind-the-scenes battle. < While […]