Shale Gas Reality Check
In October 2014, Post Carbon Institute published the results of what likely remains the most thorough independent analysis of U.S. shale gas and tight oil production ever conducted. The process of drilling for shale gas and tight oil is known colloquially as “fracking” and has drawn a great deal of controversy—considered by some as an energy revolution and others as an environmental and human health catastrophe.
Much of the cost-benefit debate over fracking has come down to the perception of just how much domestic oil and gas it can produce and at what cost. To answer this question, policymakers, the media, and the general public have typically turned to the U.S. Department of Energy’s Energy Information Administration (EIA), which every year publishes itsAnnual Energy Outlook (AEO).
In Drilling Deeper, PCI Fellow David Hughes took a hard look at the EIA’s AEO2014 and found that its projections for future production and prices suffered from a worrisome level of optimism. This led us and others to raise important questions about the wisdom of some energy policies and infrastructure projects (for example, the approval of Liquified Natural Gas export terminals and the lifting of the crude oil export ban) that have been pursued largely on the basis of the EIA’s rosy forecasts.
China's craze for fancy chairs is killing the world's forests
For a $1.8 million dollar throne, who cares about a little deforestation?
CHENGDU, China — While China clamps down on logging within its borders, illegal Chinese loggers are felling the world’s forests with abandon for the sake of teak floors and fancy chairs.
In late July, 153 Chinese nationals were sentenced to life in prison for illegal logging in Myanmar’s northernmost Kachin state, a region rife with coveted teak, padauk, beechwood, ebony and rosewood species. Last week Burmese authorities granted their release in a gesture of goodwill toward China, which is Myanmar’s largest trading partner. But the gesture, while benevolent toward the loggers, will do nothing to stop the ongoing of ravishment of the region by Chinese companies who’ve been plundering Myanmar for over a decade, mostly illegally.
It seems that the less people consume, the more they are charged. The more they consume, the less they are charged. Welcome to the new reality of network charges.
Germany drives bumper year for European offshore wind, installing three times more capacity than current leader, the UK
Poverty, deprivation and exploitation draw thousands of children into a dark underworld that offers few ways out.
Bandar Mahshahr sits adjacent to the Persian Gulf in southwest Iran where water temperatures are in the 90s. Such high temperatures lead to some of the most oppressive humidity levels in the world when winds blow off the sweltry water.
