Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Coronavirus Pandemic Vaccines Indicator Current State - 3rd Mar 21
AI Tech Stocks Investing 2021 Buy Ratings, Levels and Valuations Explained - 3rd Mar 21
Stock Market Bull Trend in Jeopardy - 3rd Mar 21
New Global Reserve Currency? - 3rd Mar 21
Gold To Monetary Base Ratio Says No Hyperinflation - 3rd Mar 21
US Fed Grilled about Its Unsound Currency, Digital Currency Schemes - 3rd Mar 21
The Case Against Inflation - 3rd Mar 21
How to Start Crypto Mining Bitcoins, Ethereum with Your Desktop PC, Laptop with NiceHash - 3rd Mar 21
AI Tech Stocks Investing Portfolio Buying Levels and Valuations 2021 Explained - 2nd Mar 21
There’s A “Chip” Shortage: And TSMC Holds All The Cards - 2nd Mar 21
Why now might be a good time to buy gold and gold juniors - 2nd Mar 21
Silver Is Close To Something Big - 2nd Mar 21
Bitcoin: Let's Put 2 Heart-Pounding Price Drops into Perspective - 2nd Mar 21
Gold Stocks Spring Rally 2021 - 2nd Mar 21
US Housing Market Trend Forecast 2021 - 2nd Mar 21
Covid-19 Vaccinations US House Prices Trend Indicator 2021 - 2nd Mar 21
How blockchain technology will change the online casino - 2nd Mar 21
How Much PC RAM Memory is Good in 2021, 16gb, 32gb or 64gb? - 2nd Mar 21
US Housing Market House Prices Momentum Analysis - 26th Feb 21
FOMC Minutes Disappoint Gold Bulls - 26th Feb 21
Kiss of Life for Gold - 26th Feb 21
Congress May Increase The Moral Hazard Building In The Stock Market - 26th Feb 21
The “Oil Of The Future” Is Set To Soar In 2021 - 26th Feb 21
The Everything Stock Market Rally Continues - 25th Feb 21
Vaccine inequality: A new beginning or another missed opportunity? - 25th Feb 21
What's Next Move For Silver, Gold? Follow US Treasuries and Commodities To Find Out - 25th Feb 21
Warren Buffett Buys a Copper Stock! - 25th Feb 21
Work From Home Inflationary US House Prices BOOM! - 25th Feb 21
Man Takes First Steps Towards Colonising Mars - Nasa Perseverance Rover in Jezero Crater - 25th Feb 21
Musk, Bezos And Cook Are Rushing To Lock In New Lithium Supply - 25th Feb 21
US Debt and Yield Curve (Spread between 2 year and 10 year US bonds) - 24th Feb 21
Should You Buy a Landrover Discovery Sport in 2021? - 24th Feb 21
US Housing Market 2021 and the Inflation Mega-trend - QE4EVER! - 24th Feb 21
M&A Most Commonly Used Software - 24th Feb 21
Is More Stock Market Correction Needed? - 24th Feb 21
VUZE XR Camera 180 3D VR Example Footage Video Image quality - 24th Feb 21
How to Protect Your Positions From A Stock Market Sell-Off Using Options - 24th Feb 21
Why Isn’t Retail Demand for Silver Pushing Up Prices? - 24th Feb 21
2 Stocks That Could Win Big In The Trillion Dollar Battery War - 24th Feb 21
US Economic Trends - GDP, Inflation and Unemployment Impact on House Prices 2021 - 23rd Feb 21
Why the Sky Is Not Falling in Precious Metals - 23rd Feb 21
7 Things Every Businessman Should Know - 23rd Feb 21
For Stocks, has the “Rational Bubble” Popped? - 23rd Feb 21
Will Biden Overheat the Economy and Gold? - 23rd Feb 21
Precious Metals Under Seige? - 23rd Feb 21
US House Prices Trend Forecast Review - 23rd Feb 21
Lithium Prices Soar As Tesla, Apple And Google Fight For Supply - 23rd Feb 21
Stock Markets Discounting Post Covid Economic Boom - 22nd Feb 21
Economics Is Why Vaccination Is So Hard - 22nd Feb 21
Pivotal Session In Stocks Bull Bear Battle - 22nd Feb 21
Gold’s Downtrend: Is This Just the Beginning? - 22nd Feb 21
The Most Exciting Commodities Play Of 2021? - 22nd Feb 21
How to Test NEW and Used GPU, and Benchmark to Make sure it is Working Properly - 22nd Feb 21
US House Prices Vaccinations Indicator - 21st Feb 21
S&P 500 Correction – No Need to Hold Onto Your Hat - 21st Feb 21
Gold Setting Up Major Bottom So Could We See A Breakout Rally Begin Soon? - 21st Feb 21
Owning Real Assets Amid Surreal Financial Markets - 21st Feb 21
Great Investment Ideas For 2021 - 21st Feb 21

Market Oracle FREE Newsletter

FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

Renewable Energy-- But Not for America

Politics / Renewable Energy Oct 03, 2013 - 11:14 AM GMT

By: Walter_Brasch

Politics

Tokelau, an independent territory of New Zealand, is a small three island archipelago of about 1,400 residents about 300 miles north of American Samoa in the South Pacific. In October 2012, the Polynesian nation turned off the last of its diesel generators and became the first country to use solar power as its only energy source.


“We know that the longer the fossil fuel industry gets its way, the worse climate change will be, and the more sea-level rise will threaten our islands,” wrote Mikalele Maiava, one of its residents.

About 9,300 miles west of Tokelau is Saudi Arabia. Beneath its sands is an estimated 262.6 billion barrels of oil, the largest reserve in the word. But Saudi Arabia isn’t counting on oil as its sole form of energy. Within the next two decades, Saudi Arabia plans to have 41,000 megawatts of solar energy, enough to generate about one-third of the nation’s electricity. Nuclear, wind, and geo-thermal energy will provide an additional 21,000 megawatts, according to Khalid al-Suliman, vice-president of Renewable Energy at King Abdullah City for Atomic and Renewable Energy. The project is expected to cost about $109 billion, and save about 523,000 barrels of oil a day.

On Saudi Arabia’s northern border is the United Arab Emirates (UAE). Beneath its sands is the world’s seventh largest oil reserve. About 75 miles south of Abu Dhabi, its capital, is the world’s largest solar power plant. The 285,000 parabolic mirrors generate about 100 megawatts of energy, enough to meet the energy needs of 20,000 homes. The solar power plant reduces carbon dioxide emissions by about 175,000 tons a year. The UAE is planning to build additional solar plants.

India, a world leader in wind-generated power, is likely to develop what will become the world’s largest solar energy system. The first phase, being developed on a 23,000 acre site, is expected to be completed by 2016, and will provide about one gigawatt of power. The 30-year plan will allow India to provide one-eighth of its energy needs, through solar power.

Two-thirds of the world’s increase in solar energy in 2011 was in Europe; a two mile section of track between Paris and Amsterdam allows trains to run entirely on solar power; Germany’s solar energy plants produced as much power as 20 nuclear power plants.

Denmark, with the addition of 3.6 megawatts of offshore wind turbines early this year, has more than a gigawatt of wind energy, providing about one-fourth of all power to its citizens. Denmark plans to increase wind power capacity to provide about one-half of all domestic energy needs within the decade.

By the end of 2012, there were 1,662 off-shore wind turbines, generating enough electricity to power 10 million homes in 10 European countries, according to the European Wind Energy Association (EWEA). The EWEA believes that within a decade, off-shore wind turbines could provide electricity to about 39 million homes if countries continued to push for wind energy and rely less upon fossil fuel energy. With political and economic support, according to an EWEA analysis, “The energy produced from turbines in deep waters in the North Sea alone could meet the EU’s electricity consumption four times over.” It would also mean phasing out more than $4 billion in annual taxpayer subsidies to the oil and gas industry.

The U.S. Department of Energy suggests, “Renewable electricity generation from technologies that are commercially available today, in combination with a more flexible electric system, is more than adequate to supply 80% of total U.S. electricity generation in 2050.”

A significant increase of non-fossil fuel energy would produce a cleaner fuel source, reduce workplace accidents and significantly reduce the well-documented health and environmental effects of fossil fuel energy; it would also increase employment, one of the basic reasons why politicians say they like natural gas drilling.

There is some evidence that Americans are beginning to understand the need to abandon fossil fuel energy and prepare for a world of renewable energy.

Lancaster, Calif., a city of about 160,000 in Los Angeles County, was the first American city to require all new houses to produce a minimum of one kilowatt of solar energy, beginning Jan. 1, 2014.

Wind turbines already provide about one-fifth of all power in Iowa and South Dakota.

About three-fourths of Americans want to see more development of solar and wind energy, according to a Gallup poll conducted in March. So, who doesn’t want to see renewable energy replace fossil fuel dependence?

Conservatives and Republicans tend not to want to reduce fossil fuel energy and develop more renewable energy, according to Gallup. The Gallup poll reveals that 78 percent of Republicans want to see more of an emphasis upon fracking and natural gas as a primary energy source.

That’s probably because conservatives don’t like change. It scares them. They understand coal, oil, and gas. They don’t accept solar, wind, and geothermal energy.

But, most of all, most investors in fossil fuel energy—and that includes the frack-at-any-cost Pennsylvania legislature and its governor—have received campaign funds or are heavily invested in fossil fuel energy.

If the oil-rich countries are developing solar, wind, and other forms of renewable energy, maybe they know a lot more about the future. After all, there aren’t any more dinosaurs who are willing to sacrifice their lives so that lobbyists can influence politicians.

[Dr. Brasch’s current book is Fracking Pennsylvania, which looks at the impact of fracking upon public health, worker safety, the environment, and agriculture. The book--available at local bookstores and amazon. com--also looks at the financial collusion between politicians and Big Energy.]

By Walter M Brasch PhD

http://www.walterbrasch.com

Copyright 2013 Walter M Brasch
Walter Brasch is a university journalism professor, syndicated columnist, and author of 17 books. His current books are America's Unpatriotic Acts , The Federal Response to Hurricane Katrina , and Sex and the Single Beer Can: Probing the Media and American Culture . All are available through amazon.com, bn.com, or other bookstores. You may contact Dr. Brasch at walterbrasch@gmail.com

Walter Brasch Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules