Many experts say that offshore wind must go much deeper into oceans to help hit new climate targets. Massive turbines that float on the sea fit the bill – but the cost is still high. Paul Hockenos has the details. *
Michael Moore and Jeff Gibbs new movie, Planet of the Humans (POTH) serves to uncomfortably remind viewers that in many ways, despite our increased awareness of the growing biodiversity and climate crises, often our “environmental” and “sustainable” solutions, such as “natural” fossil gas, biomass and biofuels, have proven as bad or worse than the coal and petroleum they were intended to replace. Though the angry criticism from many within the community about some of the film’s flawed math is justified, the ensuing flurry of mainly negative media around the film has sadly resulted in diverting critical attention away from POTH’s otherwise vital questions about why, after half a century of environmental activism, we are still collectively failing. L. Michael Buchsbaum reviews where POTH is spot-on and laments where the filmmakers should have gone even further.
Despite the recent historic agreement between OPEC, Russian, American and other global oil producers to slash supply by the 1st of May with the hopes of bolstering prices, the United States will still suffer an “unprecedented” economic blow according to the International Energy Agency. With high production costs and deeply in debt, many U.S. producers, especially those extracting from shale fields, are bleeding cash as they try desperately to cut costs. Output is expected to shrink by more than two million barrels per day. Analysts predict waves of bankruptcies, along with thousands of job losses and steep drops in tax revenues for oil-dependent states as the fallout from a monster oil bust ripples throughout America’s already staggering economy. L. Michael Buchsbaum reviews the worsening situation.
Overshadowed by the pandemic, an oil production and price war waged between the Saudi Arabian-led OPEC, Russia, the U.S. and other nations has landed a body blow upon the already weakened global economy. With billions worldwide now sheltering in place, oil usage has dropped by over 30%. But production hasn’t. The massive oversupply has crashed market prices lower than at any point in almost 20 years. To stop the bleeding, OPEC and other producers as well as the G20 have seemingly come to an historic deal that will slash global production across the boards. But the damage to the underlying fossil-fuel based economy means that Corona’s economic wreckage will ripple out just as we start to emerge into a brave new social-distance demanding world. L. Michael Buchsbaum examines the origins and implications of the Corona oil crash.
Although Trump keeps pushing lumps of coal and tankers full of freedom gas down the world’s collective throats, his industry-friendly administration hasn’t prevented America’s coal industry from dying or its fracking companies from losing piles of money. Nor has he stopped wind from gaining even more traction. After setting growth records last year, another breakthrough is forecast for 2020 as investors pour resources into new waters: offshore wind energy. But fearing its tremendous potential energy capacity, Trump’s minions are ramping up efforts to hold it back. As election fever grips the nation, L. Michael Buchsbaum looks at the state of offshore wind in Part 3 of his series on America’s energy transition.
As the race to decide this year’s Democratic U.S. Presidential candidate barrels towards the heart of the nation’s long and confusing primary season, it’s becoming a contest between progressive Senators Bernie Sanders and Elizabeth Warren on the left; former New York Mayor, recent Republican, and billionaire businessman, Mike Bloomberg on the right; and the two middle-of-the-road party favorites former Vice President Joe Biden and Minnesota Senator Klobuchar fighting for attention in the narrowing center. But as environmental voters really start feeling Sanders, the party establishment is pushing back. L. Michael Buchsbaum takes us there.
Despite President Trump pulling out all the stops to prevent America’s coal industry from dying, renewables are rapidly overtaking its share of the U.S. electricity generation mix—and even cutting into fossil gas’ expansion. Since it’s clearly not America’s relaxed federal regulations pushing the toxic-gas belchers into the dustbins of history, what’s driving the green train? The rapidly maturing economics of clean energy, L. Michael Buchsbaum explains in part 2 of his series on America’s energy transition.
Despite Trump proudly rolling back at least 85 environmental rules to prop it up, America is mining and burning less coal today than it has in over four decades. Since the 2016 election, 27% of the entire coal-fired power fleet has retired—with many more closures expected. As the King dies, two questions remain: what will take its place? And who will clean up the industry’s mess? L. Michael Buchsbaum explores these questions and more in the first of a series treating America’s Energy Transition.
Though fracking enabled the U.S. to finally re-achieve the long held conservative dream of energy independence, the ever-increasing volume of fracked fossil gas flowing out of the U.S., has led to an international glut as prices continue to fall. Now neck-deep in debt and historically unprofitable, pure play gas frackers are starting to struggle. Mass bankruptcies, shut-ins, and layoffs are likely. But Trump’s evisceration of environmental protection laws combined with ludicrously low liability bonds virtually ensures the public will be stuck with the clean up bill. Michael Buchsbaum explains.
Americans in some states are realizing the benefits of renewables. Better than in Europe: it saves low-income people money. But its overall numbers are still comparatively small. Paul Hockenos takes a look at the development