Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

Loading, please wait

America's Denial Damages Climate Change Efforts

By
Posted on Sat, 15 December 2012 00:00 | 0

Given safe haven from the impact of climate change by their privilege and wealth, the decision-making elite of the US has no intention of making the sacrifices that could lessen the impact of that change on the rest of the world. That is just as dangerous a form of denialism as refusing to admit climate change is happening at all.

That the decision makers are in denial is clear from the stated opinions of many energy experts, as well as future trend predictions both by energy companies and by the US intelligence community.  They still see climate change as a largely political issue, rather than as a disaster-in-process, and are reacting as if to a political movement instead of realizing that action must be radical and prompt simply to reduce the scale of that disaster, for there is no stopping it now.

Recently my friends at Oilprice.com published an interview with energy security expert Michael Levi, the David M. Rubenstein Senior Fellow for Energy and the Environment and Director of the Program on Energy Security and Climate Change at the Council on Foreign Relations. He had some things to say on the current, accelerating, US energy production boom, on the Keystone pipeline and on climate change.

Levi sees the main problem about the glut of US natural gas production as being that producers haven’t done enough to stimulate demand for their gas – that the low price is more of a problem than the amount of gas, in other words. He is happy about the current shale oil boom and while warning about over-hyping the strategic consequences of that boom says that “in this case, reality is pretty radical itself”. He worries that opposition to the Keystone pipeline will lead to “ blocking pipelines all over the place, then that becomes a larger economic problem”, and describes the pipeline as something that is “non-essential to US energy security; it is also not disastrous to climate change”.

To read full article click here.


Join the discussion

Special Reports

8 Mega Trends

8 Mega Trends

By Oil & Energy Insider Analysts

8 OIL & GAS INDUSTRY MEGA-TRENDS AND HOW TO PROFIT FROM THEM
Here's what our 400 global energy assets are telling us to be prepared for right now...

LNG Technology

LNG Technology

By Oil & Energy Insider Analysts

THE "FLOATING REFINERY" STOCK THAT COULD FUND YOUR RETIREMENT
This company's incredible tanker technology could eliminate many of the world's offshore pipelines...

Subsea Production

Subsea Production

By Oil & Energy Insider Analysts

THE END OF OFFSHORE DRILLING?
This disruptive market will grow 84% to 270% over the next five years: Discover the 6 equipment suppliers set to profit.

Be the first to comment on this article.


Martin tiller