Peak oil, alternative energy, reducing carbon emissions
Projected production, as you can see, is suddenly shriveling up. From 107.5 million b/d of oil projected for 2030 in 2007, to 102.9 million b/d in 2008, to this year’s meager expectation for 93.1 million. That’s a drop of 13.4% in only two years, and posits production growth of only 11.6 million b/d (14.2%) from 2006 levels.
If that isn’t an admission that the era of Peak Oil is upon us, what is?
So say some analysts who are pondering Exxon Mobil Corp.’s recent moves. Breaking from years of steadfast commitment to fossil fuels, the behemoth has announced big investments in electric cars, unconventional natural gas and algae-based biofuels
While many small businesses continue to struggle with tight credit and declining sales, one fledgling industry is seeing a boom in investment and sales growth: alternative energy.
A new garage-engineered generator burns the waste oil from restaurants’ deep fryers to generate electricity and hot water. Put 80 gallons of grease into the Vegawatt each week, and its creators promise it will generate about 5 kilowatts of power.
Ethanol sales for 2008 for the first time are outpacing those of gasoline in Brazil, a top ethanol producer, the National Petroleum Agency reported Tuesday.
Tailwinds will soon give alternative energy a boost in the form of the energy policies and subsidies from the incoming Barack Obama administration.
13 Dec 2008 at 12:17
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Alternative Energy, Electric cars, Energy, Environment, Technology, Transportation
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Parasitic energy harvesting” might sound like it is part of a Sci-Fi plot where alien beings feed off of the energy emanating from human bodies, but it is actually a means of reclaiming wasted energy.
Manitoba’s NDP government and the province’s hydro utility said Monday they have signed a deal to develop what would be the largest wind farm in Canada, near St. Joseph in southern Manitoba.
The idea of tapping the ocean’s different thermal layers to generate electricity was first proposed in 1881 by French physicist Jacques d’Arsonval but didn’t receive much attention until the world oil crises of the 1970s.
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