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View Diary: Ivy League oily rubbish in an overheated world (27 comments)

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  •  Looks like the Tar Sands is headed for a bust (4+ / 0-)
    Recommended by:
    NoMoreLies, mightymouse, offgrid, A Siegel

    An engineering firm has calculated that it's going to cost more to extract and deliver the dirty oil than it's worth. Like any animal that spends more energy foraging than the energy the food provides - it's going to die. There is also the pleasant fact that North Americans are actually driving less and using less oil. So that market doesn't look too good for Tar Sands profit. Then there's the opposition to the pipelines that are slowing down delivery to Asia which just can't get enough of that Tar Sands bitumen.

    So in the end it doesn't matter what governments fail to do and what Ivy League studies produce, the population will decide. Unfortunately the decline in the use of fossil fuels is not steep enough to mitigate climate change. Climate change is accelerating faster than predicted and faster than we are changing our ways.

    The current fall in car use has doubtless been exacerbated by recession. But it seems to have started before the crisis. A March 2012 study for the Australian government—which has been at the forefront of international efforts to tease out peak-car issues—suggested that 20 countries in the rich world show a “saturating trend” to vehicle-kilometres travelled. After decades when each individual was on average travelling farther every year, growth per person has slowed distinctly, and in many cases stopped altogether.
    http://www.economist.com/...

    ❧To thine ownself be true

    by Agathena on Wed Dec 12, 2012 at 12:10:42 AM PST

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