Tag Archives: natural gas

Halliburton says fossil fuels unsustainable, lays off a third worldwide, including management

You know things are bad for fossil fuels when the biggest profiteer of them all takes an axe to itself. The fewer fossil fuel boondoggles (including more pipeline projects going belly-up), the faster investment will keep moving to renewable sun, wind, and water power, for profits, and we get clean air and water and less global warming.

“Tyler Durden”, Zerohedge, 22 April 2016, Halliburton Fires One Third Of Global Staff: “What We Are Experiencing Today Is Unsustainable”,

In a brutally frank and painfully honest first quarter operational update, Halliburton president Jeff Miller poured freezing cold water all over the “oil is stabilizing, and everything is going to be awesome” narrative. After explaining that the firm has laid off one-third of its global employees, and pointing to the collapse in sequential revenues across every business unit, Miller exclaimed: “What we are experiencing today is far beyond headwinds; it is
unsustainable.”

Due to the deadline of its merger agreement with Baker Hughes Halliburtion has delayed its earnings conference call until May 3rd and so gave an operational update. The healdlines were horrific:

Southern Company Annual Meeting @ SO 2016-05-25

Road trip to Callaway Gardens for the annual question time with Tom Fanning, questions provided by environmentalists and Southern Company (SO) stockholders from at least four states.

Energy Mix This figure from page ii of the meeting Notice illustrates both the problem and the solution for Southern Company. Natural gas has replaced coal as SO’s top energy source, and Nuclear is still in there. But renewables are up to 4%. And over on the right of the same page:

  • Growth in Renewables
    Approximately 3,800 megawatts of announced or added renewable capacity since 2012. This includes the development of what is expected to be the largest voluntary solar portfolio in the U.S. (at Georgia Power Company).

Interesting use of “voluntary”, but never mind that. If SO keeps that up, it will Continue reading →

Federal court rules fossil fuels violate constitutional rights 2016-04-08

Our Children’s Trust, Press Release, 9 April 2016, Judge Denies Motions by Fossil Fuel Industry and Federal Government in Landmark Climate Change Case,

Today, U.S. Magistrate Judge Thomas Coffin of the federal District Court in Eugene, OR, decided in favor of 21 young Plaintiffs, and Dr. James Hansen on behalf of future generations, in their landmark constitutional climate change case brought against the federal government and the fossil fuel industry. The Court’s ruling is a major victory for the 21 youth Plaintiffs, ages 8-19, from across the U.S. in what Bill McKibben and Naomi Klein call the “most important lawsuit on the planet right now.” These plaintiffs sued the federal government for violating their constitutional rights to life, liberty and property, and their right to essential public trust resources, by permitting, encouraging, and otherwise enabling continued exploitation, production, and combustion of fossil fuels.

Full press release and court order.

In denying the motions of the federal government and the fossil fuel industry, the court’s decision framed the issue as follows:

“Plaintiffs are suing the United States … because the government has known for decades that carbon dioxide (C02) pollution has been causing catastrophic climate change and has failed to take necessary action to curtail fossil fuel emissions. Moreover, Continue reading →

Wind and Solar are winning by 2 to 1 over gas and coal

Guess what’s really inevitable, pipeline companies? Solar and wind power.

Utility scare tactics that no coal means pipelines are so much hot air. Scare tactics that no pipelines would mean LNG trains are burnt up by solar power. Stop pipelnes or fracking and stop the other and LNG export along with it. And we’re winning!

Tom Randall, Bloomberg, 6 April 2016, Wind and Solar Are Crushing Fossil Fuels: Record clean energy investment outpaces gas and coal 2 to 1. Continue reading →

Moratorium on Palmetto Pipeline goes to GA Gov. for signature on HB 1036

We all won twice against invading pipelines this week in the Georgia legislature. Yes, pipeline companies, advocates of water, air, and property rights work together, too A smashing 34-128 defeat of Spectra Energy’s invading Sabal “Sinkhole” Trail natural gas pipeline, by WWALS, Flint Riverkeeper, Chattahoochee Riverkeeper, Georgia Sierra Club, Georgia Water Coalition, SpectraBusters, and many others, wasn’t the only win for landowners, environmentalists, and the people in the Georgia legislature this week. Push Back the Pipeline‘s petroleum products moratorium passed the final legislative hurdle in the House and is on its way to Gov. Nathan Deal to sign. You know, if Deal had stood up for the people against Sabal Trail, too, its easements to drill under Georgia rivers including our Withlacoochee River and Okapilco Creek, would have been defeated in the State Land Commission of which he is chair before they ever got to the legislature. But we all won, and won again! Spectra, Kinder Morgan, and even ALEC lost this time.

Walter C. Jones, jacksonville.com, 23 March 2016, Bill to stall pipeline from Belton, S.C., to Jacksonville awaits Georgia governor’s signature: Georgia House adopted moratorium that would impose moratorium on licensing and permitting until July 2017, Continue reading →

GA House passes moratorium on eminent domain for petroleum pipelines in HB 1036 at last minute

A moratorium on eminent domain for petroleum pipelines until June 30, 2017 pending study of land use rights, Moratorium on eminent domain for petroleum pipelines a change throughout of right to power of eminent domain, and “natural resources, environment, and vital areas of the state” now mentioned first, in HB 1036, passed yesterday, the last day for either half of the Georgia legislature to adopt a bill before sending it to the other half. A small change from the Georgia Senate could also affect natural gas pipelines.

See also Walter C. Jones, jacksonville.com, 24 February 2016, Senate subcommittee approves moratorium on eminent domain for petroleum pipelines in Georgia, Continue reading →

Is Porter Ranch the natural gas industry’s Three Mile Island?

Thirty-six years ago, Three Mile Island turned public opinion against nuclear power. The worst in history, right now still spewing after three months and Los Angeles County and the state of California have declared emergencies at Porter Ranch, is the “natural” gas industry’s Three Mile Island.

Nuclear, too was touted as safe, clean, and infamously “too cheap to meter”. It turned out to be none of those things, and neither is fracked methane. Three Mile Island alone didn’t stop the thousands of nukes President Nixon promised, but it sure helped. The Porter Ranch disaster has already lasted far longer, had worse direct effects, and is in the nation’s second-largest metropolitan area.

Plus TMI was the first U.S. civilian nuclear accident. The “natural” gas industry has leaks, corrosion, fires, explosions, and now earthquakes monthly and sometimes daily. Sure, the shadow of nuclear war hung over the nuclear power industry, but the monthly fireballs from methane explosions hangs over the natural gas industry. The 2010 San Bruno, California explosion is back in the news because, says AP 13 January 2015: PROSECUTORS: PG&E RESISTED RECORD-KEEPING CHANGE AFTER SAN BRUNO BLAST.

It’s time for a complete moratorium on all new natural gas projects, like the moratorium on all new nuclear projects after Three Mile Island. Instead, let’s get on with what we didn’t have back then: solar and wind power already less expensive than any other sources of power, far cleaner and safer, much faster to deploy, using no water, and requiring no eminent domain.

In 1962 President John F. Kennedy famously said: Continue reading →

Sun and wind are winning over fracked methane shale gas –Goldman Sachs

Solar PV, onshore wind, electric vehicles, and LED lighting will win for all of us and profit in the next five years, says Goldman Sachs, which just put $150 billion of its own money where its mouth is. How about you, world leaders gathered in Paris?

Chris Martin, BloombergBusiness, 30 November 2015, Wind, Solar Power to Supply More Energy Than Shale, Goldman Says,

New wind turbines and solar panels worldwide will provide more energy over the next five years than U.S. shale-oil production has over the past five, according to Goldman Sachs Group Inc.

Four Front Runners

The leading renewable-energy technologies will add the equivalent of 6.2 million barrels of oil a day to the global energy mix, exceeding the 5.7 million barrels a day pumped from U.S. shale oil wells since 2010, analysts including Brian Lee and Jaakko Kooroshy said in a research report Monday….

“Wind and solar are on track to exceed 100 gigawatts in new installations for the first time,” Continue reading →

Natural gas leak so bad VDT notices it

Sempra Energy’s California leak stinks so bad the VDT smelled it from 3,000 miles away. But GA Gov. Nathan Deal still can’t smell Sabal Trail over campaign contributions from Sempra and from Spectra Energy.

Brian Melley, AP, 25 November 2015, Utility plans to mask awful odor from uncontrolled gas leak,

LOS ANGELES (AP) — A utility trying to stop a monthlong leak at a massive natural gas storage facility near a Los Angeles neighborhood said it planned to use a mist to mask the sickening stench as work continues — possibly for three more months — to plug the well.

Even the 9-inch pipeline to Berrien County Continue reading →

Solar prices will drop much further below fossil fuels

High-placed utility executives have told me solar panels can’t get any cheaper. Here’s why economies of scale will continue to drive solar prices down, just like for Henry Ford’s Model T. There’s no excuse for new pipelines or nukes. Let the sun rise!

tl;dr: If current rates of improvement hold, solar will be incredibly cheap by the time it’s a substantial fraction of the world’s electricity supply.

Ramez Naam, on his blog, 10 August 2015, What’s the future price of solar?, Continue reading →