Posts tagged with: Fossil fuel

Koehler Urges Higher Gas PricesU.S. households are projected to save an estimated average $550 on gasoline in 2015. According to U.S. Energy Information Administration’s Short Term Energy Outlook, “The average household will spend about $1,962 on gasoline in 2015, the first time that average will have fallen below $2,000 in five years.” Readers as well may assume the likelihood that falling fuel prices will exert some type of downward pressure on food and other commodity prices, which will be cheaper to bring to market.

By any realistic measure, this is great news for the United States in general and for the struggling lower middle class and poverty-stricken specifically. To those for whom reality is somewhat more elusive, however, it’s a travesty. Unfortunately, some of these individuals are advocating against the use of fossil fuels at cross purposes with their religious vocations. For example, nine bishops representing The Latin American Bishops Conference, the Symposium of Episcopal Conferences of Africa and Madagascar, the Federation of Asian Bishops Conferences and the French and Brazilian bishop’s conferences called for ceasing the use of fossil fuels: “We express an answer to what is considered God’s appeal to take action on the urgent and damaging situation of global climate warming.” (more…)

california-oil-drilling-pageEver-anxious to put another corporate head on a pike, religious proxy shareholders are boasting that their efforts landed them the big daddy of them all – ExxonMobil. Religious investor group As You Sow pats itself on the back that the energy company bowed to its pressure to reveal hydraulic fracturing (fracking) risks. According to the Wall Street Journal’s Daniel Gilbert:

Exxon Mobil Corp. agreed to publicly disclose more details on the risks of hydraulic fracturing of oil and gas wells, reversing a long-held resistance after negotiations with environmental groups and investors.

The Texas oil company’s decision is the latest evidence of a shift by Exxon’s top executives to address growing environmental worries about fracking, a contentious technique in some North American communities. (more…)

Bill McKibben

Bill McKibben

It’s been a long, cold winter. Not to mention expensive due to heating bills depleting bank balances for those fortunately possessing enough scratch to pay their utilities. For others forced to wear sweaters around the clock and sleep with three dogs to stay warm while keeping the thermostat tuned just above freezing to save money, it may take months before reaching a zero balance on the monthly propane/gas/natural gas/electricity statement.

Imagine how prohibitive those bills would be if we relied on the so-called renewable energy schemes rather than relatively cheap and plentiful fossil fuel sources to warm our igloos and power our personal vehicles and those oh-so-necessary snowplows. In a word borrowed from Thomas Hobbes, it’d be brutish.

Love it, hate it, or just plain indifferent, U.S. dependence on fossil fuel energy will remain relatively unchanged for the foreseeable future. The U.S. Energy Information Administration estimates our appetite for carbon-based power will hold steady more or less until 2040: “The fossil fuel share of energy consumption falls from 82% in 2012 to 80% in 2040, as consumption of petroleum-based liquid fuels declines, largely as a result of slower growth in VMT [vehicle miles traveled] and increased vehicle efficiency.” (more…)