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Fossil Fuels Articles  | | Article: | | | | Published: | 5/30/2008 by New York Times (Matthew L. Wald) | | | Submitted by: | Frank K 86 days ago | | | Categories: | Energy & Fossil Fuels |
| Article Details: Coal is abundant and cheap, assuring that it will continue to be used. But the failure to start building, testing, tweaking and perfecting carbon capture and storage means that developing the technology may come too late to make coal compatible with limiting global warming. The Electric Power Research Institute, a utility consortium, estimated that it would take as long as 15 years to go from starting a pilot plant to proving the technology will work. | |
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|  | | Article Details: Convinced the planet's oil supply is dwindling and the world's economies are heading for a crash, some people around the country are moving onto homesteads, learning to live off their land, conserving fuel and, in some cases, stocking up on guns they expect to use to defend themselves and their supplies from desperate crowds of people who didn't prepare. | |
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|  | | Article: | | | | Published: | 4/24/2008 by The Nation (Mark Hertsgaard ) | | | Submitted by: | Frank K 86 days ago | | | Categories: | Energy & Fossil Fuels |
| Article Details: The arrival of $119 bbl crude and $4 gal gasoline are obvious signs that global oil production has or soon will peak. With global demand rising and supplies limited, higher, more volatile prices and shortages could provoke--to quote the title of the must-see peak oil documentary--the end of suburbia. The world's economy and, paradoxically, the fight against climate change could be in deep trouble. | |
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|  | | Article Details: The troubling tension between propelling prosperity and limiting climate risks is on full display this week. India’s Tata Power group just gained important financial backing from the International Finance Corporation, a branch of the World Bank for its planned $4 billion, 4-billion watt “Ultra Mega” coal-burning power plant complex in Gujarat state. The plant will emit about 23 million tons of carbon dioxide a year. | |
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|  | | Article Details: Long considered an abundant, reliable and relatively cheap source of energy, coal is suddenly in short supply and high demand worldwide. An untimely confluence of bad weather, flawed energy policies, low stockpiles and voracious growth in Asia's appetite has driven international spot prices of coal up by 50 percent. Freight cars in Appalachia are brimming with coal for export. The boom in coal exports and prices has helped lower the trade deficit for the USA. | |
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|  | | Article Details: The task of cutting greenhouse gas emissions enough to avert a dangerous rise in global temperatures may be far more difficult than previous research suggested, say scientists who have just published studies indicating that it would require the world to cease carbon emissions altogether within a matter of decades. | |
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|  | | Article Details: Concerns about global warming and rising building costs are blocking construction of new coal-fired power plants in the United States and pushing utilities to turn to natural gas and renewable power instead. Utilities canceled or put on hold at least 45 coal plants in development last year. This is a sharp reversal from a year ago, when the industry had more than 150 such plants in development and signals the waning of a major US expansion into coal. | |
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|  | | Article Details: Prospects for nearly emissions-free coal power in the United States have dimmed in the wake of the US Department of Energy's decision to pull the plug on a "clean coal" demonstration plant called FutureGen. Instead of the $1.76 billion project, which was expected to capture and store underground 90 percent of its greenhouse-gas emissions, the Energy Department is budgeting $241 million for several commercial power-plant projects that will capture and store a smaller share of their emissions. | |
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|  | | Article Details: Common sense has left the building when it comes to climate policy. Cap-and-trade schemes are fundamentally flawed, and particularly ill-suited to greenhouse gas control. Negatives include losses of 1.5 to 3.4 million jobs, a drag on economic growth, incentives to cheat, those raking in profits in new carbon trading calling for ever-tighter caps, and higher costs of goods and services. | |
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|  | | Article Details: The political debate pits those who favor what is known as a “cap-and-trade” program against those who support a direct tax on the man-made production of carbon dioxide, which mostly comes from coal, oil and natural gas used to generate energy. Most economists support a carbon tax. Environmentalists favor cap-and-trade as the most environmentally sound approach. | |
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