Oil majors peddle false reassurance on energy demand

Ahead of BP’s annual energy outlook release, E3G’s Tom Burke argues the industry uses misleading metric to dismiss threat from clean sources Sheikh Yamani, a former Saudi oil minister, is famous for having pointed out that the Stone Age did not end because we ran out of stones. He was responding to a debate at the end of the last century about whether the world would run out of oil. It is a matter of energy demand. He went on to say something else, now forgotten. Speaking to the Daily Telegraph in 2000 he said: “Thirty years from now there will be a huge amount of oil – and no buyers. Oil will be left in the ground.” It remains […]

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The wind energy boom of 2006 in United States

With costs dropping below those of conventional sources, United States had in 2006 his opportunity to invest in renewables. The decline in the price of electricity generated from wind turbines greatly increased the demand for green energy. Wind energy forecasting will come true. When Austin Energy, the utility company of Austin, Texas, launched its GreenChoice program in 2000, the demand for green energy had to pay an extra rate. During the fall of 2005, soaring gasoline prices raised the costs of conventional electricity over the electricity generated by the wind, the source of most of green electricity. This crossing of lines of costs in Austin and other communities is a milestone in the United States to mark the shift to […]

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