Monday , December 11 2017
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Energy

Falling Net Energy destroys fossil fuels *and* green energy

Tar sands

While businesses and journalists readily understand (and often misunderstand) the idea of return on investment (“there is no magic money tree”) they seldom make the intellectual leap to apply the concept to the far more important area of energy.  Currency, after all, really can be printed out of thin air …

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In Britain, unprofitable fracking is green energy

Green electricity relies on inertia

Renewable energy is usually presented as the sensible alternative to domestic (fracking) gas.  However, in Britain at least, the two are essential components of the same suite of technologies.  This is because of the poor choices made by the UK government that force solar and wind energy to go hand …

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Not so renewable Britain

Fossil fuel

Read the headlines and you could be forgiven for laughing in the face of climate change and resource depletion.  Renewable energy, it seems, will win the day.  Take this example by Ian Johnston in the Independent: “Renewable energy is a mainstream technology, which is cheaper and more advanced than ever. …

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Cuadrilla responds to financial pressures

Cuadrilla financial problem

Just months Cuadrilla’s CEO Francis Egan raised questions about the profitability of UK fracking; he has taken an axe to the company’s finances.  According to Jillian Ambrose in the Telegraph: “Cuadrilla has cut deep into its spending and reduced its workforce by a fifth to stem its mounting losses… “The …

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Please stop chanting greenwash

chanting greenwash

Chanting is a practice found in most religious and spiritual practices.  In yoga, for example, the sound OM is chanted repetitively until it loses any cognitive meaning and simply becomes pure sound vibration.  Recently I have begun to wonder if repeating that this or that country just generated all of …

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Third Energy seeks to expand

Third Energy shares gamble

Third Energy, the fracking company that was recently dumped by Barclays, is reported to be exploring a public share offering to raise money to further its operations.  According to Laurence Kilgannon at Insider Media: “The business could raise as much as £250m to help extract the gas it has identified …

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Switzerland votes to shiver in the dark

Swiss Nuclear Power

The Swiss referendum result in favour of phasing out nuclear power has been broadly welcomed by environmental campaigners.  However, given that nuclear power accounts for more than a third of Swiss electricity generation, the decision is risky to say the least – it is on a par with Britain deciding …

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Too much green energy “musterbation”

Musterbating

The term “musterbation” – over-using the word must (or should or ought) comes from cognitive therapy.  It refers to the way mentally ill people hold themselves to wholly unrealistic beliefs about what is possible.  Such patients will often express beliefs such as, “to be a good person, I must be …

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Fracking economics spells bad news for Britain

Fracking economics

The popular narrative put out by the fracking industry (or at least that part of it that makes money selling worthless paper to fools) is that technological developments caused a dramatic fall in the cost of fracking to the point that even with oil prices (which gas prices follow) below …

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