Critique of the Obama presidency’s energy policies. This post makes the painfully accurate point that the Obama administration has essentially given the big Wall Street bankers a free pass and has bailed them out and shielded them from having to bear the consequences of their greed driven risky investments; while at the same time he is attacking the domestic US oil industry.
Talks about a sobering scenario, called Oil Shock Wave played out at the National Summit on Energy Security that simulated a cabinet level crisis meeting following an oil supply disruption that illustrated the profound dependence of our society to imported crude oil and all the vulnerabilities that result from that unhealthy dependence.
In recent months, several conservative governors have rejected federal funds to begin constructing high-speed rail lines in their states. But a high-speed rail advocate argues that such ideologically driven actions are folly, as other U.S. states and countries around the world are moving swiftly to embrace a technology that is essential for competitive 21st-century economies.
Last week, at the National Clean Energy Summit 2.0 in Las Vegas, Energy Secretary Chu called for a revolution, “a second industrial revolution.” The first industrial revolution came with a “carbon dioxide cost” but “in the next industrial revolution, we must develop technologies that will enable us to get the energy the world needs to grow and prosper but “essentially reducing and eliminating the carbon dioxide,” he said. Chu said the United States has the greatest research and development centers in the world in universities, national labs and the private sector. “Once we get this great invention machine geared and going we’d be invincible. But the only trouble is, let’s get it going.”
This post, by Jerry J. Toman, ScM, ChE examines five policies that are setting our future up for failure. They are: Reliance on the old-time political religion of economic growth (usually defined as by economists as GDP growth); Continue to practice incrementalism above all else, as the dominant means of solving the problems; Embarking willy-nilly into mega-projects that utilize technologies that often are half-baked in terms of knowing what the overall costs, impacts and benefits would be; Ignoring the “carbon balance” aspects of current practices and future remedies; and relying on technologies that involve extensive “mining” of the earth’s solid surface for minerals, as a means to achieve sustainability.