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Enjoy this Alternative Energy Issue. You can view more posts on my blog.

Global Warming: Rolling Back the Economic Clock

Letters to editor at Wall Street Journal makes telling point about Lieberman Warner Global Warming bill; it is not the cost; it is rolling our economy back a century. Lieberman Warner require companies to pay for "right" to discharge carbon dioxide. The bill's goal is aggressive: cutting U.S. emissions about 65% by 2050, a period during which emissions are otherwise expected to rise by about 30%.

Key Sentences in Cap and Trade: Pseudo-Free-Market Gibberish
It's startling to realize that Warner-Lieberman will require the U.S. to cut its CO2 emissions to 1,560 million metric tons by 2050, which is what our emissions were in 1922 when the population of the U.S. was 110 million.
The population of the U.S. is forecast to grow to around 440 million by 2050. The end result is that America will need to cut its per-capita emissions to 3.5 metric tons by 2050, as compared with 14.2 metric tons in 1922.
Warner-Lieberman requires the U.S. to cut its CO2 emissions to below China's current per-capita emissions.
The president of the Czech Republic, Vaclav Klaus, demonstrated that there is a linkage between CO2 emissions and GDP. Do those who vote for Warner-Lieberman want America to have a lower standard of living than China's.

World Energy Ministers and Our Gas Prices

Recent very fast increase in gas prices for cars, in particular, is not a simple and direct cause and effect of decisions by oil companies. As the post "The Pencil", on this blog, demonstrates, the market, the interaction among individual human beings is complex and unpredictable.

Experts make their estimates and we try to do what we can to manage a seemingly chaotic world.
Key sentences in G8 energy ministers look inward on oil, spare OPEC:
The group of G8 ministers plus non-G8 guests China, India and South Korea, which together consume two-thirds of the world's energy, said they shared "serious concerns" over the cost of oil.
Top-exporter Saudi Arabia has said it will increase output this summer to help meet peak demand, but oil prices have carried on rising as investors rush into commodities as a hedge against the dollar's fall and inflation.

Telepresence: Real Answer to $5/Gallon Gas

This is so cool. Real world technology. Billion dollars in sales for CISCO in three years.

Energy Bubble Like Tech Bubble

Fascinating video Fundamentals of Supply/Demand mean, according to this Bear investor, prices of oil come to $60 to $80 range. The reasons are fascinating from radical modification of gasoline combustion engine to gas subsidies in emerging market and I have to think the dollar will get stronger as well (although that was not referenced by Mr. Herro.) How is supply/demand reacting to price? He asks.

Energy Bubble Will Burn Bulls Just Like Tech Did, Says Top Investor Herro
Posted Jun 16, 2008 07:30am EDT by Aaron Task in Investing, Commodities

Related: XLF, XLE, GM, F, OIL, USO, DUG
David Herro, Harris Associates' chief investment officer (international) wasn't named one of SmartMoney's "World's Greatest Investors" of 2007 by following the crowd.
So it's probably no surprise Herro is betting against the herd's current fixation on commodities. Herro, who oversees about $20 billion in assets, believes commodities are a bubble ripe for popping, with oil most vulnerable to a big downtown.
Supply/demand fundamentals simply don't support oil at current prices, he says, predicting crude will tumble back into the $60-$80 per barrel range in the next 24 months.
And just like tech fans in the early part of the 2000s, energy bulls will get burned, he says.