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Ten reasons why high oil prices are a problem

Ten reasons why high oil prices are a problem | Sustainable Energy | Scoop.it

A person might think from looking at news reports that our oil problems are gone, but oil prices are still high.


In fact, the new “tight oil” sources of oil which are supposed to grow in supply are still expensive to extract. If we expect to have more tight oil and more oil from other unconventional sources, we need to expect to continue to have high oil prices. The new oil may help supply somewhat, but the high cost of extraction is not likely to go away.

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Stephane Bilodeau's curator insight, February 10, 2013 4:10 PM

Why are high oil prices a problem?


1. It is not just oil prices that rise. The cost of food rises as well, partly because oil is used in many ways in growing and transporting food and partly because of the competition from biofuels for land, sending land prices up. The cost of shipping goods of all types rises, since oil is used in nearly all methods of transports. The cost of materials that are made from oil, such as asphalt and chemical products, also rises.


If the cost of oil rises, it tends to raise the cost of other fossil fuels. The cost of natural gas extraction tends to rises, since oil is used in natural gas drilling and in transporting water for fracking. Because of an over-supply of natural gas in the US, its sales price is temporarily less than the cost of production. This is not a sustainable situation. Higher oil costs also tend to raise the cost of transporting coal to the destination where it is used.

Mercor's curator insight, February 11, 2013 6:02 AM

Rescooped by Lauren Moss from Développement durable et efficacité énergétique onto green infographics

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Just Because a Utility Says It, Doesn’t Mean It’s True

Just Because a Utility Says It, Doesn’t Mean It’s True | Sustainable Energy | Scoop.it
Did you read this article in Bloomberg about how rooftop solar is costing California ratepayers billions!!!!??? Then you should know it’s largely horsemalarkey.

What the article doesn’t say is how the utilities arrive at their figures–but based on previous assertions, we think it’s safe to assume the approach is grievously flawed. Let’s take a look behind utilities’ net metering ‘math’:
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Does energy efficiency raise house values?

Does energy efficiency raise house values? | Sustainable Energy | Scoop.it
Frequently analysts are asked to know if there is a premium on energy-efficient homes since the change in asset value has an effect on undertaking a retrofit investment or the purchase of a high performing new building.
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Global Solar Opportunity Tool (Beta Version): A Tool for Policymakers and Energy Analysts | http://cleanenergysolutions.org

Global Solar Opportunity Tool (Beta Version): A Tool for Policymakers and Energy Analysts | http://cleanenergysolutions.org | Sustainable Energy | Scoop.it

The Global Solar Opportunity Tool allows users to answer the following questions:

 

* What is the scale of the potential market opportunity for rooftop and utility scale PV development in my country under different cost scenarios (ranging from $1/Watt to $5/Watt installed cost)?
* What are payback periods for PV system purchases in my country (and sub-regions for larger countries)?
* What regions of my country hold the greatest promise for PV development?
* What policies and measures are being applied to advance solar deployment across countries?
* What is the relative scale of PV opportunities across countries?

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Cheap natural gas jumbles energy markets, stirs fears it could inhibit renewables - Washington Post

Cheap natural gas jumbles energy markets, stirs fears it could inhibit renewables - Washington Post | Sustainable Energy | Scoop.it

Cheap natural gas jumbles energy markets, stirs fears it could inhibit renewables. For the past three years, promoters of shale gas and environmentalists opposed to coal-fired power plants have hailed the sudden...

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Why peak oil threatens the International Monetary System

Why peak oil threatens the International Monetary System | Sustainable Energy | Scoop.it

The current incarnation of the International Monetary System, in which the USA enjoys the exorbitant privilege of borrowing practically for free, and is therefore able to pursue reckless fiscal policy with immunity from the adverse consequences that non-reserve currency issuing nations would experience by doing so, cannot continue indefinitely. Therefore, it will not continue indefinitely. How and when it will end is hard to say, especially considering the fact that it’s already persisted for 42 years after it stopped making sense. The system will continue to operate until some catalyst or trigger event brings about catastrophic change.

The next Peak Cheap Oil price spike is not the only possible catalyst to bring about a U.S. bond and currency crisis, but it’s the most likely candidate I’m aware of. I don’t believe that U.S. energy independence is possible, but if it were, the end of oil imports from the Middle East would also be the catalyst to end exorbitant privilege and bring about a U.S.bond and currency crisis. To summarize, the music hasn’t stopped quite yet, but when it does, this will end very, very badly. I’m pretty sure we’re on the last song, but I don’t know how long it has left to play.

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Does Higher Energy Consumption Cause Greater Economic Output?

Does Higher Energy Consumption Cause Greater Economic Output? | Sustainable Energy | Scoop.it
Let's start with a basic correlation: Rich countries use a lot more energy than poor countries on a per capita basis. Is this an accident? What kind of causal relationship exists between wealth and energy, if any? Does a strong economy require massive amounts of per-capita energy consumption? Many green tech advocates have taken the view that this is not the case. They think that energy use and economic output can be decoupled.
Via SustainOurEarth
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Rescooped by Hans De Keulenaer from Financing Energy Efficiency Projects
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Path to Breakthrough in Financing Energy Efficiency? | Sustainable Business Forum

Path to Breakthrough in Financing Energy Efficiency? | Sustainable Business Forum | Sustainable Energy | Scoop.it
With a sound knowledge base and considerable proven technology, energy efficiency nevertheless suffers from a delivery gap attributable to widespread perceptions of financial risk and uncertain performance. While a number of seemingly practical project finance prototypes exist, to date there has not been sufficient commercial-scale demonstration of those models to confirm their economic viability – that is, profitability at acceptable risk.
Via Streamside Solutions
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Is Energy Efficiency Simply An Economic Concept?

Is Energy Efficiency Simply An Economic Concept? | Sustainable Energy | Scoop.it

It cannot be denied, however, that economy is as much a part of energy efficiency as it is a part of sustainability.

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Noor Fatima's curator insight, April 10, 2013 12:20 PM

energy saving bulbs should be used :)