Clean technology investors shift focus to drilling
Clean technology investors shift focus to drilling
http://www.philly.com/philly/business/personal_finance/20130502_ap_...
So Much For "Peak Oil"
Oil companies big and small have used technology to find a bounty of oil and natural gas so large that worries about running out have melted away. New imaging technologies let drillers find oil and gas trapped miles underground and undersea. Oil rigs “walk” from one drill site to the next. And engineers in Houston use remote-controlled equipment to drill for gas in Pennsylvania.
The result is an abundance that has put the United States on track to become the world’s largest producer of oil and gas in a few years. As domestic production has soared, oil imports have fallen to a 17-year low, the U.S. government reported Thursday.
http://www.registerguard.com/rg/news/29816049-76/oil-gas-rock-energ...
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Comment
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Comment by Martha thacker on May 4, 2013 at 8:55am
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Computers confuse me. My comments below somehow got inserted into the cut and paste from the newspaper. Oddly enough, my last question was answered at the end of the excerpt. And I truly did not know why the grid being at capacity and no room for wind power was stated as a plus for First Wind in their SEC report. Guess those with the money knew the answer all along.
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From the French newspaper, Agence France - Presse
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JP Morgan Chase faces federal regulatory action over a scheme which manipulated energy prices in two US states, the New York Times reported Friday.
The Times said it had seen a 70-page government document which indicated staff from the Federal Energy Regulatory Commission intended to recommend action over the bank’s dealings in California and Michigan.
According to the Times, the case arose after JP Morgan’s takeover of Bear Stearns in 2008, which gave the bank the right to sell electricity from power plants in the two states."
Matt Taiibi of Rolling Stones magazine says cap and trade is the next bubble. It cuts the middle man out and profits go straight to wall street. Wonder why you can find truth in a French magazine and our US newspapers continue to only cover the bright side of wind energy? Wonder why New England has Cap and Trade and it was never passed in Congress? Wonder why not having adequate space on the grid in Maine for wind power is stated as a plus in First Wind's SEC report?
Investigators said initiatives instigated by the bank transformed loss-making power plants into “powerful profit centers.”
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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