Global Energy

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Experts tell us we have enough oil in the ground to last for about 100 years at the world’s current rate of use. The sun will be around for about 4 billion more years. Hmmm. I wonder which is more renewable?
The sun’s power is nuclear of course—but not he kind of nuclear that can lead to dangerous emissions. Breaking the uranium atom, which is the source of nuclear power plant energy, produces many dangerous radioactive particles; fusion of hydrogen into helium only produces water. And besides, the sun is 93 million miles (more…)

With rising energy rates and the price of oil climbing to new records every day, it is more important to insulate around the home now then it was in the past. Anyone that wants to insulate the attic to save energy can take advantage of recent product innovations. Among these recent product advancements is something called a radiant barrier.

Radiant barriers make a great do-it-yourself home project because the materials are affordable and they are easy to install. The only tools that are required are a tape measure, a utility knife, and (more…)

New roofs can cut your energy costs if they are made out of energy saving materials. In this day of modern technology, manufacturers have found a way to make roofing materials that do save energy. It is advisable to install a new roof on your house with materials that are labeled Energy Star. This label certifies that the roofing materials that you are using will reflect the sun’s rays from your roof. You will be able to find several different types of roofing materials that carry this label. (more…)

It’s been 3 years since researchers first found oil in the African nation of Ghana, perhaps known best among Americans as the nation that eliminated the United States from 2010 World Cup Competition, however, Ghana could soon become a much more relevant name on the international radar, as December saw the first oil pumped from the nation’s depths. Tullow Oil, a United Kingdom based collective, targets producing 55,000 barrels of oil in its initial efforts, but plans on more than doubling that output within the next 6 months, aiming for a 120,000 per day rate.Forecasters are particularly optimistic about Ghana as an oil producing entity, considering the relative stability the country has enjoyed when compared to other African nations of similar size. Whether such calm can be maintained amid the large influx of cash remains to be seen. A challenge for still developing nations blessed with substantial natural resources can be navigating the treacherous waters of greed and corruption. In year 1, Ghana should see close to 400 million profit from its oiling efforts, a number expected to grow to 1 billion annually, money that can either line the pockets of individuals in power or fuel national prosperity and see Ghana ascend the global ranks in terms of influence and quality of life for citizens. (more…)

It seems retirement stock portfolios aren’t the only things rapidly declining in the United States over the past few months. In a more uplifting turn of events, energy use in the U.S. declined almost 5 last year, good for the most significant energy reduction the country has ever seen. To put that in further perspective, though the mainstream push for “going green” is still relatively new, the government began tracking such statistics in 1949.Of course, a view held by many analysts is that this isn’t entirely good news. While the reduced levels of energy are no doubt a welcome sight for the environment, they could be interpreted as an equally disheartening look in the mirror for the national economy. After all, energy use tends to decrease alongside GDP per capita. In other words, when people have less money, they buy less, do less and use less, all across the board. It would be a nice to believe the full 5 was constituted by American’s making responsible energy decisions; however, it’s far more likely the statistic is merely a manifestation of equally reduced individual means. (more…)

A massive oil spill certainly made headlines in the summer of 2010, though perhaps it diverted attention from another sad situation off the coast of Egypt in the Red Sea. While resources and global media attention flooded towards the well oiled banks of the Gulf Coast, the Red Sea oil spill has been widely underreported. Many environmentalist groups monitoring the area suspect that perhaps the severity of the Red Sea oil spill is the subject of a cover up, actually causing much more damage than controlling interests would lead on. Were word to get out, officials may be worried that it could negatively impact the tourism sector of Egypt’s economy, a major source of revenue for the country. The Egyptian government was notably quiet in the first few days following the oil spill, raising some eyebrows. When the country’s Environmental Crisis Department did finally comment on the issue, it claimed that impact on Egypt’s beaches was minimal, though acknowledged conditions were worse in the Red Sea’s northern islands.Individuals near the beach resort area of Hurghada would say this information is incorrect, and that’s putting it kindly. Not only do some reports claim that a 100 mile stretch of coastline is now polluted with oil, some locals claim that the leak stemming from an off-shore oil platform was yet to be fully contained at the time the government claimed the situation to be resolved. (more…)

Energy on college campuses is usually harvested through a steady diet of energy drinks, coffee runs, really anything with high caffeine content generally believed to take less than 5 years off one’s lifespan. However, late night/early morning study habits aside, Penn State University will soon find itself knee deep in a different type of search for energy. A Nittany Lion led team will receive up to 122 million over the next five years, courtesy of the United States Department of Energy in order to set up an Energy Innovation Hub. Much like its name suggests, the purpose of the Energy Innovation Hub will be to develop new technologies that make buildings more energy efficient.The concept of building green buildings is not entirely new, though the specific project will focus on new ways to make them, well, greener. Though the green building movement traces its roots as far back as the 1970s, when the increase in global oil prices sparked a widespread interest in improving energy efficiency and discovering alternative, renewable energy sources. (more…)

The world’s largest consumer of coal seems to be consuming even more of the fossil fuel, as China Shenhua Energy Company, a unit of the nation’s largest coal producer, saw significant growth over the first two quarters of the fiscal year. China Shenhua Energy reported a 14 profit increase of said time period, stemming from an increased demand due the rapid expansion of the Chinese economy.China is home to the fastest growing major economy on the planet, already the second largest in the world behind the United States. Over the past 30 years, China has sustained an average growth rate of 10, unmatched across the globe. Such demands to meet business needs and power fast-paced innovation have placed further stress on the environment, despite the resulting financial windfall. The concern regarding Chinese coal use however is slightly mitigated by the countries expansive coal reserves. (more…)

California is generally thought of as a land of sunshine, celebrities and perhaps the most energy conscious destination in the United States. However, over the past 2 decades the California Energy Commission (CEC) has elected to decline proposals to build a major solar power plant on the Gold Coast. After years of repeated efforts, there is finally light at the end of the tunnel as energy developer NextEra Energy Resources finally got approval from the CEC to construct a 1 billion, 250 MW concentrating power plant in the state of California.Ground should be broken sooner than later as NextEra now finds itself in a race against the expiring federal grant program, set to give out its final financial aid at year’s end. The project will be officially recognized as the “Beacon Solar Energy Project,” operated by NextEra’s subsidiary, Beacon Power. (more…)