Carbon Sequestration: A Surreal Carbon Solution

What was once a mountain. image courtesy of Appalachian Voices. AppVoices.org

Writing in the New York Times, here, Joe Nocera, says,

Sometime this summer, in Odessa, Tex., the Summit Power Group plans to break ground on a $2.5 billion coal gasification power plant. Summit has named this the Texas Clean Energy Project. With good reason.

The people behind this project want people to believe that the energy the plant produces is clean. Mr. Nocera continues.

Part of the promise of this power plant is its use of gasified coal; because the gasification process doesn’t burn the coal, it makes for far cleaner energy than a traditional coal-fired plant.

The plant doesn’t burn SOLID coal. It gassifies the coal, then burns the gas. It’s still burning the coal. Only this process uses energy to gassify the coal. It then uses more energy to capture and sequester 90% of the carbon. Think, Mr. Nocera, how can this make CLEANER? Answer: It Can’t and it Doesn’t. But it can – and does – make it more expensive.

And what about the Arsenic, Mercury, Uranium that are embedded in coal? And the processes that dig coal out of the ground? Refer to Appalachian Voices for more on mountaintop removal.

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Nuclear Power – Not “Carbon Free” Energy

Fukushima

Jeff Hanson, spokesman for the Omaha Public Power District, OPPD, in discussing the Fort Calhoun reactor, closed since April, 2011 for refueling then, in June, 2011, due to flooding, said,

“[Nuclear power is] a reliable source of electricity that’s carbon-free. That becomes more valuable going forward,” OPPD spokesman Jeff Hanson said.

This assertion that nuclear power is “carbon free” or that it produces “no greenhouse gases” is based on a simplified view of one aspect of the nuclear power – fissioning uranium – and ignores the complete picture.

Fallout Map from Fukushima Disaster

While fissioning uranium does not release carbon dioxide, when we look at the entire fuel / waste cycle we see that getting uranium out of the ground, fashioning it into fuel rods, transporting the fuel rods to the plant and managing the waste requires energy, and much of this energy releases carbon dioxide.

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Fort Calhoun – Still Shut Down – Since April, 2011

Fort Calhoun nuclear power plant, within the Missouri

Ft. Calhoun Nuclear Station, within the Missouri

The Fort Calhoun Nuclear Plant, (OPPD / NRC) 19 Miles from Omaha, Nebraska, was shut-down for refueling in April, 2011. Flooded by the Missouri River in June, 2011, the plant remains shut-down. It Will Be Two Years – 2 YEARS – In April!

The Omaha Public Power District, OPPD has raised rates 6.9% to finance a $143 million repair bill. This does not include the costs to the OPPD to purchase electricity that the plant would provide – which is 25% of the power that the OPPD needs on a daily basis.. This also does not include costs to replace teflon coated wiring – which disintegrates on exposure to high levels of radiation – and costs to repair some of the plant’s support structures. This also probably does not include the costs to the district for Excelon to run the plant for the next 20 years, reported on Jan. 28, 2013, by Kevin Cole, of Omaha.com, the Omaha World-Herald, (here),

“For the first year of management work, OPPD will pay Exelon between $20 million and $26.5 million.”

In a telephone interview with me, in August, 2011, David Lochbaum, of the Union of Concerned Scientists, UCS, estimated the total cost of maintaining the plant and purchasing replacement electricity to be $1.0 million per day – roughly $600 million, to date.

By asking Exelon to run the plant, it looks like the OPPD has decided to keep the plant running. Similarly, by requiring the OPPD to do what needs to be done to bring the plant back up, it seems like the NRC has decided that this 50 year old and severely constrained nuclear power plant is worth bringing back on line. Who is asking whether or not this is a good idea? It seems to me that OPPD would be better off asking Warren Buffett, Omaha based head of Berkshire Hathaway how to manage their assets than asking Exelon to spend whatever it takes to “Bring this bad boy back on-line.”

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Fracking, Best Practices versus Current Practice

Gas Flare in North Dakota, Courtesy National Geographic

EnergyFromShale.org, the industry website, says,

“The oil and natural gas production industry uses these lessons to develop best practices to minimize the environmental and societal impacts associated with development.”

The image above from National Geographic, The New Oil Landscape, March, 2013, suggests that the ideal is far from the reality. And even if the “Frackers” used “Best Practices”, “Best Practices” for a carbon source of energy is not “Best Practice” for an sustainable economy. Efficient use of energy obtained via solar, wind, geothermal, marine hydro and in stream hydro are best practices. Fracking doesn’t even come close.

But even if extraction was done in such as manner as to isolate all heavy metals, carcinogens, radioisotopes and other pollutants from the biosphere, the whole point of hydro-fracturing is to extract carbon from beneath the earth, in order to burn it and transfer carbon dioxide – a greenhouse gas – into the atmosphere.

Bill McKibben, of 350.org, R. P. Siegel, who co-wrote Vapor Trails and writes for Triple Pundit, Al Gore, who won the popular vote for US President in 2000, and many others, including myself, who think about global warming and climate change and see the challenges presented by our need for energy and the potential of clean, renewable, sustainable energy suggest that it would be better to use wind, solar, geothermal, and other fuel free systems, and to manufacture fuel from sewage, garbage, agricultural waste and algae than to dig fossil fuels – and heavy metals – out of the ground – and in so doing severely damage the biosphere.

But I think we agree that “Fracking” is aptly named.

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Part 2 in a Series.

L. Furman, 3/12/13, Hydro Fracturing, aka Fracking, Dirty & Ugly, but What Choice do we Have?
L. Furman, 3/14/13, Fracking, Best Practices versus Current Practice

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An analyst with Popular Logistics, Lawrence J. Furman holds a Bachelor’s in Biology, an MBA in “Managing for Sustainability” from Marlboro College, experience with information technology. He can be reached at ‘L Furman 97” @ G Mail.

Dr. Irwin Redlener on President Obama’s State of the Union Address:

“The president made a strong case for universal early education in America, along with raising the minimum wage. But his commitment to eliminate extreme poverty and save children from preventable deaths was focused on children of the world. All of this is, of course, laudable. But we hoped to hear a commitment to eliminate child poverty in America, where more than 16 million children are facing grim challenges right now that undermine their futures – and the future economy of the nation. Poor kids are not a voting block and they don’t have the capacity to influence public policy. The sooner the president engages the full power of his office in the battle to eliminate child poverty, the better the prospects of every child reaching his or her potential.”

Statement by Irwin Redlener, MD on President Obama’s State of the Union Address

Via Dr. Irwin Redlener’s blog. Dr. Redlener is the co-founder and president of The Children’s Health Fund.

Hydro Fracturing, aka Fracking, Dirty & Ugly, but What Choice do we Have?

Satellite photo of US at night. Flares from Bakken shale wells in North Dakota

We have large deposits of shale oil – in the Marcellus shale in Pennsylvania, and in the Bakken formation in North Dakota and Canada. Estimates vary. USGS, 2008 estimated 3.0 to 4.3 Billion Barrels of recoverable oil. Today, the North Dakota Geological Survey (PDF) estimates 18 Billions Barrels of recoverable oil. It also states

“the Bakken play on the North Dakota side of the basin is still early in the learning curve. Technology and the price of oil will dictate what is recoverable from this formation.”

Here in the US, according to the US Energy Information Agency, we consumed about 7.0 Billion barrels of refined petroleum products in 2010, slightly less, 6.7 Billion barrels, in 2011. This is roughly 22% of world demand. (here)

The Bakken formation holds Five Months to Two and One Half Years of US Oil needs.

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Antibiotic Resistance Poses ‘Catastrophic Threat’ To Medicine, Says Britain’s Top Health Official

Sally Davies, the chief medical officer for England, said global action is needed to fight antibiotic, or antimicrobial, resistance and fill a drug "discovery void" by researching and developing new medicines to treat emerging, mutating infections.

Only a handful of new antibiotics have been developed and brought to market in the past few decades, and it is a race against time to find more, as bacterial infections increasingly evolve into "superbugs" resistant to existing drugs.

"Antimicrobial resistance poses a catastrophic threat. If we don’t act now, any one of us could go into hospital in 20 years for minor surgery and die because of an ordinary infection that can’t be treated by antibiotics," Davies told reporters as she published a report on infectious disease.

"And routine operations like hip replacements or organ transplants could be deadly because of the risk of infection."

One of the best known superbugs, MRSA, is alone estimated to kill around 19,000 people every year in the United States – far more than HIV and AIDS – and a similar number in Europe.

via Antibiotic Resistance Poses 'Catastrophic Threat' To Medicine, Says Britain's Top Health Official.

London To Create Unbroken Network of Bike Routes

Commuter on Ringstrasse, Vienna, 2005. Image courtesy Wikipedia

Bicycle Commuting, lowers CO2 emissions, and is healthy for the commuter. Gwyn Topham, transport correspondent for The Guardian, reports on London’s ambitious plans to encourage bicycle use.

An unbroken network of cycle routes with some Dutch-style segregated lanes has been pledged as part of a £913m 10-year plan to make London safer for cyclists – including an east-west superhighway dubbed “Crossrail for the bike”.

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Sequestration illuminates absence of long-term, coherent risk policies

Our national policy for disaster recovery and rebuilding – putting aside, for the moment, risk assessment, mitigation, planning, and response – is effectively no policy. We make it up as we go along. Did victims of terrorism on September 10, 2001, or beforehand receive compensation? Did airlines before 9/11 get special legislation absolving them of liability? Even assuming that there is a legitimate question about the etiology of Ground Zero responders’ illnesses, wouldn’t a reasonable and compassionate country willingly support dying and seriously ill responders and their families – rather than stalling, essentially starving them out? James Zadroga, The James Zadroga 9/11 Health and Compensation Act allocated $4.2 billion to create the World Trade Center Health Program; the legislation was signed in January 2011; Zadroga died in January, 2006. Then, as now, partisan legislative politics delayed the matter.

Sustainable Energy Portfolio UP 16% & Fossil Fuel Portfolio Up 1.7% – Dec.21, 2012 to March 1, 2013

As of the close of trading on March 1, 2013, the virtual portfolio I created in Sustainable Energy stocks on 12/21/12 is up $1.3 Million, 16.31%, from $8.0 Million to $9.3 Million. The Fossil Fuel Reference Virtual Portfolio is up 1.71%, from $8.0 Million to $8.137 Million in the same time frame. The Dow Jones Industrial Average is up 7.63% and the S&P 500 is up 6.15%.

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Reuters: “First spill trial witness: BP put cost cuts over safety”

Deepwater Horizon Oil Slick, May 10, 2010.

From Reuters reporting on the BP oil spill trial; First spill trial witness: BP put cost cuts over safety.

BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testimony in the federal civil trial centered on the disaster. “There is ample evidence of intense pressure within the system to save time and money,” said Bob Bea, co-founder of the Center for Catastrophic Risk Management at the University of California, Berkeley. “With stress and pressure come sacrifices to safety.” Bea was the first witness for the plaintiffs, the U.S. Justice Department and U.S. Gulf Coast states suing Macondo well owner BP, rig owner Transocean Ltd and well cement provider Halliburton Co. The plaintiffs plan to call Lamar McKay, chairman and president of BP America, to testify as a hostile witness once Bea wraps up. McKay is a member of the London-based oil company’s executive committee, alongside Chief Executive Officer Bob Dudley.

Bear in mind that this was filed after the first day of a long trial. (We think we found access to transcripts at MDL 2179 Trial Docs and Plaintiffs Steering Committee, and provide better daily coverage). It’s likely that things will look worse for BP before they look better. Of course, there is the possibility that BP, in cross-examining witnesses, and putting on its own case, will be able to demonstrate that that its conduct was entirely proper and honorable.

And also bear in mind that oil gushed into the Gulf of Mexico at the rate of 60,000 barrels per day for 85 days; an approximate total of 5,100,000 barrels of crude oil.

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Jonathan Soroko, Esq, is an attorney and an investigative consultant. In addition to writing for Popular Logistics, he writes for Caton Ave and Discovery Strategist blog, where this is posted.

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Popular Logistics Series on the Deepwater Horizon / Macondo Spill

Fossil Fuels and a Walk on the Moon, May 3, 2010.
Drill Baby Drill or Drill Baby Oops, May 7, 2010.
The Magnitude of the Spill, May 15, 2010.
One Month After The Spill BP Siphoning 3,000 Barrels Per Day, May 20, 2010.
Deep Water Horizon – The Chernobyl of Deepwater Drilling?, June 2, 2010.
The Deepwater Horizon: 40,000 Barrels Per Day or 70,000, June 13, 2010.
The Deepwater Horizon After the Macondo Well Explosion, June 19, 2010.
Deepwater Horizon – Bombs and Hurricanes, July 1, 2010,
Like a Bad High School Math Problem, July 14, 2010,
Crisis Management and the Gulf Oil Spill, July 16, 2010,
The Deepwater Horizon: The Good, The Bad, and The Ugly, October 7, 2010.

Turning discarded wooden pallets into cabinets

The keen-eyed folks at Inhabitat have identified a useful way of re-using wooden pallets; you can read about this furniture project, developed by James Higginson – turning pallets into cabinets. Not for beginners, we think, but in any case it’s inspired: the pallets are common, are abandoned as soon as they’re damaged, and, it’s clear, that in the right hands they can be repurposed as beautiful cabinets.

Announcing the Popular Logistics Virtual Portfolio in Information Technology

Hot on the heels of the December 21, 2012 launch of the Popular Logistics Virtual Portfolio in Sustainable Energy, here, up 22.36%, I am announcing the launch of the Popular Logistics Virtual Portfolio in Information Technology. Roughly $1.0 million in Apple, Google, HP, IBM, Intel, Microsoft, and Oracle.(Their investor relations pages are Apple, Google, HP, IBM, Intel, Microsoft, and Oracle.)

Tech Virtual Portfolio
Item	Stock	Price	Shares	Total
1	Apple	$446	2,242	$1,000,000
2	Google	$795	1,258	$1,000,000
3	HP	$17	59,559	$1,000,000
4	IBM	$198	5,051	$1,000,000
5	Intel	$20	50,000	$1,000,000
6	Microsoft	$27	37,037	$1,000,000
7	Oracle	$24	41,667	$1,000,000
	total			$7,000,000
Table 1. Acquisitions, Start of Business, 2/22/13

Generally speaking, here’s what I expect:

Apple, IBM: I expect to significantly outperform the Dow Jones and S&P 500.
Google: I expect to perform in line with the Dow Jones and S&P.
HP: An investment in HP is speculative. Whitman may turn the company around. The stock might wildly outperform the Dow & the S&P. As Gerstner might say, however, it’s hard to teach an elephant to dance. The stock may plummet.
Intel, Oracle, I don’t know enough to have an expectation.
Microsoft may become a leading indicator of the economy. Thus, if the S&P does well, Microsoft may do better.

These are in table 2, below

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Apple at $665 per share – or $705 – or $1077

Apple, if it can be compared to Google, IBM, Intel, Microsoft, and Oracle, should be priced at 665 per share. This analysis is simply based on Stock Price, Earnings per Share (EPS) and the Price Earnings ratio. or P/E. The average P/E of these companies is 15.08. If Apple’s stock was 15.08 times earnings, it would be 665. If you take Apple out of the mix, the average P/E becomes 16.01. At 16.01 times earnings, Apple’s stock price would be 705. And if priced like Google, $1077. Continue reading →

Gold Bricks and Sink-Holes – The Risk & Reward of Fossil Fuel, Solar & Wind

On Dec. 21, 2012, with virtual portfolios of 7 sustainable energy and 7 fossil fuel companies, I launched the Popular Logistics Sustainable Energy simulation, here.

On Feb. 8, 2013, after 6 weeks, after exercising virtual options to invest in 2 additional companies at 12/21/12 prices, I reported the results, here.

The Sustainable Energy portfolio is up 12.6%
The Fossil Fuel portfolio is up 5.09%.
The Dow Jones Industrial Average is up 6.52%
The S&P 500 is up 5.52%.
The Sustainable Energy Portfolio is up significantly more than the Fossil Fuel Portfolio, and the major indices.
The Fossil Fuel Portfolio is up, but lags the major indices.

These results are not that surprising. Continue reading →