Category Archives: Carbon

Unsustainable Energy and Climate Reality

“Climate models,” according to Daniel Baer and Noah Gordon, in the Washington Post, here, “are complicated things. They must consider a staggering number of mathematical and physical variables to predict, for instance, how emitting a given amount of carbon dioxide will change the flows of air, water and heat between the atmosphere and the oceans. More sophisticated projections go further, showing how temperature changes will affect rainfall in a certain region, which in turn will affect crop yields and, as a result, the carbon cycle.”

However, as illustrated above, from “Climate.gov,” here, atmospheric Carbon Dioxide concentrations have increased close to 50% since 1750, when they were under 280 ppm, to around 420 ppm today.

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Floods, Oil, Climate Change

Image of Louis Marquez carries his dog, Dallas, through floodwaters after rescuing the dog from his flooded apartment Tuesday in Houston. A FedEx van is in water up to middle of the headlights (AP Photo/David J. Phillip)

Louis Marquez carries his dog, Dallas, through floodwaters after rescuing the dog from his flooded apartment Tuesday in Houston. (AP Photo/David J. Phillip)

In the spring of this year, the news media reported floods in Texas, Oklahoma, Mexico, France, Germany, Russia, Ukraine, Australia and elsewhere.

9 US soldiers were lost in floods around Fort Hood in Texas.
Other Americans have died in the flooding in Oklahoma.
The Louve and Orsay museums in Paris are closed and moving priceless art to higher ground to protect it from the floods.

What’s going on?

Elementary chemistry. Continue reading →

Energy Portfolios: 20 Months: Conclusions & Observations

Conclusions:

The performance of most of the companies in these portfolios supports the hypothesis that a paradigm shift away from fossil fuels and toward renewable energy systems is underway.
Investing in an index fund may have been more lucrative – and less stressful – than investing in the Fossil Fuel portfolio.
Investing in paradigm shifting technology, i.e., First Solar, Sunpower, GT Advanced Technology and Vestas may be very lucrative.
A diversified portfolio in paradigm shifting technology may also be effective. The “home runs” will more than make up for the “strike-outs.”
Investing in a well-run, or well-connected, company, i.e., Haliburton, in a declining industry may also be lucrative.

Observations:

The long term trend appears to be that investments in Sustainable Energy are likely to pay off in the long term and also, probably, the short term.
Investments in Fossil Fuels, however do not appear likely to appreciate in the near future, even in a “Bull Market,” such as we appear to be in. However, a speculator, i.e., a gambler, may be able to play various fossil fuel stocks, buying at lows and selling at highs. While I am not an investment professional, I personally, don’t know if this is worth the risk. I prefer to do my gambling in Atlantic City, New Jersey and Las Vegas, Nevada.
When considered against the backdrop of global geopolitics, i.e., Russia, which exports oil and methane, invading Ukraine, ISIS in Iraq and Syria threatening to take over Iraqi oil operations, other turmoil in the Middle East, a paradigm shift away from fossil fuels seems likely to insulate energy flows from remote geopolitical events and strengthen economies that have executed this paradigm shift. Therefore, investments supporting such a paradigm shift may do well, while investments supporting the existing paradigm may not.

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Energy Portfolios, 20 Months: Sustainable Energy up 229%, Fossil Fuel up 18.4%

On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 iMil in the Sustainable Energy space and $8.0 iMil in the fossil fuel space.

The Dow Jones Industrial Average is up 30.16 % from 12/21/12.
The S&P 500 is up 39.3% from 12/21/12.
The Fossil Fuel Portfolio continues to dramatically underperform the reference indices. It is up 18.36% from Dec. 21, 2012 and down 5.67% from July, 2014.
The Sustainable Energy portfolio is up 229.19% from Dec. 21, 2012.

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Atmospheric CO2: 400 PPM on May 9, 2013

Atmospheric CO2, Measured at Mauna Loa, 1960 – Present

Atmospheric CO2 hit 400 PPM on Thursday, May 9, 2013, as measured at the Koana Loa observatory. This is an increase of 85 ppm, 26.98%, from 1960. This is why Bill McKibben, of 350.org, calls our planet Eaarth. It’s weather, climate, and ecology are different than the one those of us who are over 30 – or over 12 – were born on. National Geographic, summed it up well, here:

“Greenhouse gas highest since the Pliocene, when sea levels were higher and the Earth was warmer.”

The scientists are taking the data – increased atmospheric carbon dioxide – and asking two questions:

Why is it increasing?
What are the likely effects?

The journalists and bloggers, like Geoffrey Lean, at the Telegraph, asks, here, “Did the contentious global warming ‘hockey stick’ graph get it right?” He could have asked “Did the scientists – and the environmentalists – get it right? And if so, shouldn’t we stop burning fossil fuels?”

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In Jersey Three Strikes Equals a Home Run

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Strike 1 – Solar Power

When the NJ Clean Energy Program started in 2001, there were six (6) solar energy systems and a nameplate capacity of nine (9) kilowatts. By December 31, 2010 there were over 7000 systems with a combined capacity close to 300 megawatts, MW, of solar electric generating capacity. In the first six months of 2011, another 100 MW was added, bringing the total to 400 MW by June 30, 2011. By these metrics, the NJ Clean Energy Program has been successful.

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Would Ayn Rand be Concerned about Climate Change? You Betcha!

Tweet On Ayn Rand, Objectivism, and Climate Change

Ayn Rand would not “believe” in climate change. She would try to objectively determine whether the theory correctly modeled the data. While it is legitimate to question both the conclusions of scientists and the methodologies by which data are gathered, denying objective validity of the data, which people who call themselves “Objectivists” are doing with respect to climate science, is well, in a word, anti-Objectivist, at least as described by Ayn Rand in 1962.

“The essence of my philosophy” she said, is:

Metaphysics Objective Reality
Epistemology Reason
Ethics Self-interest
Politics Capitalism

“Translated into simple language, ” she continued, “it would read:

“Nature, to be commanded, must be obeyed” or “Wishing won’t make it so.”
“You can’t eat your cake and have it, too.”
“Man is an end in himself.”
“Give me liberty or give me death.” Continue reading →

Keynes, Reluctance to hire, & 21ST Century Energy

in black and white, because some ideas are.

Tweet During the Great Depression the Classical Economists said “Unemployment is voluntary. Business owners will not voluntarily keep the means of production idle.” While he had been a student of classical economics, John Maynard Keynes observed that the data didn’t fit the theory. And, he reasoned, if the observable data don’t fit the theory, the theory must be flawed. “Business owners are risk averse,” he saw. “A employee needs to be productive, needs to make widgets. But if no one is buying widgets, then contrary to classical theory, factory owners will fire workers and keep capital idle rather than hire workers to create excess inventory. That’s just common sense.”

We see this today.

When unemployment was low, for example in the United States during the tech boom of the 1990’s, people acted on the premise that “There is so much work that we could hire and good people and train them.” Today hiring managers seem to be acting on the premise that “There are so many people looking for work that they can wait for the perfect candidate.” Perfection being unattainable, jobs go unfilled. This is ok, in this context, because

“Budgets are tight.”
“The future is uncertain.”
“Money not spent on a new hire can be saved or used to pay down debt.”

Keynes also observed that the government is an employer that does not need to worry about going out of business. Building infrastructure is government employment that is investment for the future. These observations are as valid today as they were 80 years ago.

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NegaWatts Save MegaBucks

The Newark Star Ledger reported (here and here) that Public Service Electric and Gas, PSE&G, a subsidiary of Public Service Enterprise Group, PSEG, is installing a 2,700-ton chiller the University of Medicine and Dentristy of New Jersey, UMDNJ. This an $11.4 million investment in negawatts. The Star Ledger reported that UMDNJ will save $1.3 million per year on energy costs.What’s the payback? An $11.4 million investment will save $1.3 million per year. That means the system will pay for itself within 9 years, assuming the price of energy remains constant. I think it’s a much more reasonable to assume that the price of energy will go up, so the payback will be higher and the system will pay for itself sooner.

The system will work long after it is paid for. It will save $13 Million over the next 10 years and $26 Million over the next 20 years – assuming electricity costs are constant. Assuming electricity costs increase an average of 5% per year, this will save $16.35 Million over the next 10 years, and $42.99 over the next 20 years.

Projected Savings of $11.4 Million investment.
After 1 Year: $1.3 Million, a return on investment of 11.4% in one year.
After 5 Years: Save $7.18 Million, for a total ROI of 63%, assuming a 5% annual increases in cost of energy.
After 10 Years: Save $16.35 M; total ROI of 143.4%).
After 15 Years: Save $28.05 M; total ROI of (246%)
After 20 Years: Save $42.99 M; total ROI of 377%).

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We have Governor Corzine to thank. as well as Governors Whitman, McGreevey, Codey, and Christie.

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Why Cape Wind Still Matters

Tweet On May 25, 1961 President John Kennedy said, “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the earth.” (Kennedy library and NASA)

Ten years ago, before Sept. 11, Jim Gordon and his team set out to build a small wind farm on the waters on which the young President, his wife, brothers, sisters, nieces and nephews sailed. Size is relative. It’s small compared to a large coal or nuclear power complex. The wind farm will be composed of 130 turbines and produce up to 430 megawatts of power (here).

In 2010 Jim Gordon and Cape Wind, LLC, finally, got their permits to build the wind farm. For a variety of reasons it took longer for Cape Wind, LLC to get the permits to build the wind farm than it took this nation to land a man on the moon and bring him home safely. Had the wind farm been built by the winter of 2004, Cape Wind would have provided power during the bitter January of ’04, the heat wave of ’05, and every day, especially the coldest days of winter and the hottest days of summer – when the winds are strongest and New Englander’s electricity needs are highest.

It’s also clear, from reading Cape Wind, by Wendy Williams and Robert Whitcomb, that the alliance to “Save Our Sound,” created an anti-wind rogue’s gallery, a bipartisan coalition of moneyed special interests which led Senator Edward M. Kennedy, D-MA, Governor Willard Mitt Romney, R-MA, Senator Ted Stevens, R-AK, Representative Dan Young, R-AK, Sen. Trent Lott, R-MS, Sen. John Warner, R-VA, and very wealthy residents of Cape Cod, including Bill Koch, the late Richard Egan, Rachel “Bunny” Lambert Mellon (Sen. Warner’s ex-mother-in-law), professional environmentalist Robert F Kennedy, Jr. to obstruct the regulatory and the legislative processes and which slowed the development of Cape Wind and offshore wind farms off of the mid-Atlantic and elsewhere.

For them to oppose this project or say “I favor wind power, as long as it’s somewhere else,” was and remains cynical. Given that we have combat troops in Iraq, Afghanistan, and Libya, that Alan Greenspan, Chairman of the Federal Reserve from 1987 to 2006 described the mission in Iraq as a war for oil, was unpatriotic, perhaps traitorous.

Yet another bipartisan coalition rose up to challenge them and support Cape Wind: Ted Roosevelt, IV, who lives on the Cape, Rep. Jim Bass, R-NH, Sen. Olympia Snowe, R-ME, Sen. John McCain, R-AZ, Sen. Jeff Bingaman, D-NM, Sen. Pete Domenici, R-NM, Matt Patrick, Massachusetts, Gov. Deval Patrick, Greenpeace, unions, Fox News’ Sean Hannity. What these politicians have in common is an understanding of the values of energy independence and renewable energy.

Popular Logistics is a policy blog, not a politics blog. However, it’s worth noting that several political campaigns were won in Massachusetts by Democrats who supported Cape Wind, including Matt Patrick, the 5-term Democratic Representative of the 3rd District of Barnstable, Cape Cod, and Deval Patrick who started his 2006 Gubenatorial campaign in front of the Hull, MA, wind turbine.

Mitt Romney, who signed Ted Kennedy’s health care plan into law in the Commonwealth of Massachusetts, (also known as Obamacare 1.0) appears to be running for President in 2012. He lost in the 2008 Primary to John McCain. Mr. Romney signed on to the Kennedy-Koch-Egan-Mellon anti-Cape Wind jihad. Americans favor wind power. Will they support Romney in 2012?

Scott “Mitt-Lite” Brown, said (here) “While I support the concept of wind power as an alternative source of energy, Nantucket Sound is a national treasure.” Massachusetts voters favor Cape Wind 70 to 30. Will they support Brown in his re-election campaign in 2012? The Statue of Liberty is a “National Treasure,” as is the Constitution. I last visited Cape Cod when I was 7. Nantucket Sound is not a “National Treasure.” Getting America off coal, oil, natural gas, and nuclear power, moving to clean, renewable, sustainable energy means our children and grandchildren will enjoy our national treasures.

In their book Williams and Whitcomb suggest that Senator Kennedy may have realized that he had made a bad decision in opposing Cape Wind, but that for a variety of reasons he refused to back down. They may be right. While I think Kennedy was wrong, I can’t speak to whether he came to that understanding. As I noted on this blog, back in August, 2009, (here) President Obama said of Ted Kennedy,”His ideas and ideals are stamped on scores of laws and reflected in millions of lives: in seniors who know new dignity; in families who know new opportunity; in children who know education’s promise; and in all who can pursue their dream in an America that is more equal and more just, including myself.”

Obama said “More equal and more just,” but he didn’t say “perfect.” America is not perfect. It is nation of men and women governed by the rule of law. The laws are not perfect, and neither are the men and women who make, enforce and interpret the laws.

Our energy policy is electricity flows when people flip a switch. Most of that electricity comes from burning fossil fuels and harnessing nuclear fission. We can pretend that the carbon we are pumping into the oceans and the atmosphere will have no effect, that we have unlimited supplies of fossil fuels, and uranium, that all the waste from coal mining, processing, transporting, and burning, and all the radiation leaks from nuclear plants (and radioactive waste from coal) are trivial or routine. Or we can get real. The choice is between coal, oil, methane, and nuclear, or wind, solar, tidal, and geothermal. I choose wind, solar, tidal and geothermal; for myself, for my backyard, not just for people who are my equal in the eyes of the law, whether they have more or less money than me.

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Index to the series that explores Offshore Wind and Politics:

Cape Wind, Leadership and Vision, here.
Why Cape Wind Still Matters, here.
Ted Roosevelt, IV, on Cape Wind (coming soon).

Coal: More Radioactive Waste than Nuclear Power

Alex Gabbard at the Coal pile in front of the Oak Ridge National Lab

Strange and counter-intuitive as it may seem, burning coal produces more radioactive waste than nuclear fission. And it’s not regulated.

Back in 1993, Alex Gabbard, of the Oak Ridge National Laboratory, published “Coal Combustion: Nuclear Resource or Danger” in ORNL Review. Gabbard built on the work of J. P. McBride, R. E. Moore, J. P. Witherspoon, and R. E. Blanco, also of Oak Ridge, in their article, “Radiological Impact of Airborne Effluents of Coal and Nuclear Plants,” Science, Dec. 8, 1978.

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God, Keynes, and Clean Energy

Columbia University

NY. Jan. 25. Mark Fulton, “Climate Change Strategist” Deutsche Bank Asset Management, spoke at Cary Krosinsky’s class in Sustainable Investing at the CERC, the Center for Environmental Research and Conservation, Earth Institute, Columbia University.

Krosinsky, Vice President of Trucost, recently co-edited and wrote the book Sustainable Investing: The Art of Long Term Performance with Nick Robins of HSBC. He is an Advisory Board member of the Association of Climate Change Officers (ACCO) and founder director of InvestorWatch. Trucost has built and maintains the world’s largest database of carbon emissions and other environmental impacts as generated by the world’s largest public and private companies. Their data and expertise is used by leading global fund managers and asset owners to manage carbon risk. Continue reading →

Copenhagen, India, China, the US, and GAIA

I’m beginning to think that Copenhagen was what it had to be, what it could only be. It fulfilled its Buddha-nature. Thus, I don’t consider it a failure. Nor do I consider it a success. It was what it was, what it could have been, what it had to be:

A gathering of emissaries from the 64 corners of the earth.

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Earth From Space, Copyright NASA

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Isaac Asimov observed in Foundation (ISBN: 978-0553293357) that “diplomacy, is the art of speaking for a long time without saying anything.” Most of the diplomats in Copenhagen had multiple agendas. Unfortunately for billions of the world’s poorest, the public agendas of sustainability and the abstract “Gaia Hypothesis” were distant fourth and fifth behind the private agendas of power, money, and influence.

The inconvenient truth is that much of Bangla Desh, California, Louisiana, Southern Florida will disappear, submerged, like the mythical Atlantis. China will continue to build 2 coal plants per week. And people will die.

But disregarding this notion, a Chinese diplomat Continue reading →

Copenhagen, Climate Change, China, and Dessert

Earlier today one of my friends handed me a copy of some satire published in the New York Post, a tabloid in the tradition of the London rags, on the subject of “Climate-Gate.” At about the same time, Roger Saillant, co-author of Vapor Trails, who heads the Fowler Center for Sustainable Value at Case Western Reserve University pointed me to Elizabeth May’s post on the hacked computers and stolen e-mails at East Anglia University. Ms. May leads Canada’s Green Party.

Patrick Michaels, of the Competitive Enterprise Institute, which is really a public relations arm of Exxon Mobil, was once a scientist at the University of Virginia. He is famous for giving testimony attacking Dr. James Hansen to the U.S. Senate. However, when interviewed by Elizabeth May on Canada’s CBC Sunday Morning’s “Kyoto on Trial” in 2002, Michaels admitted to redrawing Hansen’s graph to make it wrong. Michaels, who has traded the scientific method for Stanislavsky’s acting method, admitted to perjury in his testimony before the United States Senate.

The graph shows the amount of sea ice from July thru November from 1979 to 2000, then in 2005, 7, 8, and July thru Sept., 2009. It is from the National Snow and Ice Data Center, Boulder Colorado (here) published Oct. 6, 2009. The dark gray line shows Arctic sea ice from 1979 to 2000. The gray band shows 2 standard deviations from the mean. The colorful lines show that Arctic sea ice is at or well below two standard deviations from the mean levels of 1979 to 2000. Clearly there is less ice in the Arctic then there used to be. Continue reading →

Myth and Science on Global Warming

Seven Answers to Climate Contrarian Nonsense

This article presents and debunks myths about climate change.

Evidence for human interference with Earth’s climate continues to accumulate

By John Rennie, Scientific American, November 30, 2009

“On November 18, U.S. Sen. James R. Inhofe (R–Okla.) took the floor of the Senate and proclaimed 2009 to be “The Year of the Skeptic.” Had the senator’s speech marked a new commitment to dispassionate, rational inquiry, a respect for scientific thought and a well-grounded doubt in ghosts, astrology, creationism and homeopathy, it might have been cause for cheer. But Inhofe had a more narrow definition of skeptic in mind: he meant “standing up and exposing … the costs and the hysteria behind global warming alarmism.”

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