“… by Exxon’s calculations, a barrel of algal oil could be worth as much as $350, when factoring in existing low-carbon fuel standards and tax credits that add as much $260 in value to each barrel. Traditional crude oil currently sells for less than $80 a barrel.”
“The process requires vast amounts of energy so much so that algal biofuel production might consume more energy than it produces, some researchers concluded.”
Biofuels and biomass are energy technologies that are uneconomic and a mirage for the environmental gains that are desired by Left environmentalists. It is a loss-loss-loss for energy, stockholders, and the environment.
The article by Christopher Matthews, “Exxon Sees Green Gold In Algae-Based Fuels. Skeptics See Greenwashing” (Wall Street Journal, October 4, 2021) speaks for itself.…
“We conclude that the AR6 WG1 SPM regrettably does not offer an objective scientific basis on which to base policy discussions at COP26. It also fails to highlight the positive impacts of slightly increased CO2 levels and warming on agriculture, forestry and human life on earth.”
The Climate Intelligence Foundation (CLINTEL) is a voice for climate and energy realism in Europe and elsewhere. “There is no climate emergency” is their motto.
Founded in 2019, CLINTEL’s “main objective is to generate knowledge and understanding of the causes and effects of climate change as well as the effects of climate policy.” Continuing:
…To this end:
1. The Foundation tries to communicate objectively and transparently to the general public what facts are available about climate change and climate policy and also where facts turn into assumptions and predictions.
At a time when the anti-environmental climate movement should be collapsing alongside renewable energy, the Old Guard is doubling down. And Carl Pope, executive director of the Sierra Club, is in denial as judged by his recent op-ed in Salon, “Is there an ‘energy crisis’? Not really — fossil fuels are collapsing, and it’s high time (October 25, 2021).
Pope’s subtitle says it all: “Why are energy prices spiking? Mostly because we’re not making the transition to wind and solar fast enough.” That’s exactly wrong as blackouts and conservation alerts in Texas, California, and around the world demonstrate.
Pope’s essay follows in blue with my comments.
The Economist calls it “The Energy Shock.” Forbes and the Wall Street Journal go further, resurrecting a term from the 1970s: “Energy Crisis.”…