Showing posts with label energy. Show all posts
Showing posts with label energy. Show all posts

Structuring an Energy Technology Revolution Review

Structuring an Energy Technology Revolution
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Structuring an Energy Technology Revolution ReviewA lot of people are hoping that we can innovate our way into an energy and environmentally-secure future. The question is: How on earth are we going to do this? Experts on science, government and innovation policy, Charles Weiss and William Bonvillian explore the role of government in bringing on this energy innovation in their new book, Structuring An Energy Technology Revolution. (In the interest of full disclosure, I should say that I am acquainted with the second author. On the other hand, maybe I should also say that like thousands of other Americans I can't help but cheer when I see the value of my Exxon stock go up.)
I found Structuring An Energy Technology Revolution to be a great book. Weiss and Bonvillian, lay out a very plausible and detailed roadmap towards the goal of energy independence and environmental health. In their vision, government, industry and universities collaborate to foster new energy technologies. Think DARPA and the IT revolution on B vitamins, if not steroids. One of their most intriguing ideas (out of many) is that of technology neutrality. Here "no single technology has any special claim on support." (Structuring An Energy Technology Revolution, p.14). Instead, if I understand them correctly, technologies at different stages of development receive research or implementation support depending on their technoeconomic merit. The idea is to nurture an energy innovation environment that speeds up the creation and marketing of new energy technologies. Including the downstream costs or "externalities" of all energy products in the equation is a notable way of leveling the playing field.
Establishing an effective innovation system for energy technology is no easy task. It has to supply sufficient alternatives to the old-style use of fossil fuels, be hospitable to private investment, and not be a boondoggle for bureaucrats or vested interests. This will take considerable political will. It is clear that this political discipline has to come from an informed public. To give us the information we need is the mission of this far-seeing work. Structuring An Energy Technology Revolution shows us how our already intertwined government, science and business communities could actually begin to solve these problems. Will they? Will we step up? I highly recommend this book. Beautifully written, the authors' broad grasp and effective presentation of these complexities gives us an almost panoramic view of the subject with the insider's command of details. If you're at all serious about following or shaping our economic, energy and environmental future, this book is necessary reading.
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Who Turned Out the Lights?: Your Guided Tour to the Energy Crisis Review

Who Turned Out the Lights: Your Guided Tour to the Energy Crisis
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Who Turned Out the Lights: Your Guided Tour to the Energy Crisis ReviewThis is a basic introduction to the energy crisis, written in an accessible and humorous style. I was initially concerned that the pop-culture references would be a bit too much (both Homer Simpson and Paris Hilton make appearances on the first page), but in the end I actually enjoyed some of them.
The goal of the book is to present possible solutions to America's energy problems in an unbiased way. The pros and cons of each solution (more nuclear power, increased oil drilling, a tax on carbon emissions, etc.) are explained, and the authors try to avoid making judgements about what's best, leaving it for the reader to make up her own mind.
I do think that they succeed in explaining the issues clearly, though ultimately, I can't really say that I learned very much from this book. I suspect that, like me, many of the people who would be inclined to read something like this are already reasonably well-informed.
Still, I think this is a good introduction to the topic. Perhaps the highest indication of its success is the fact that I'm considering reading the authors' previous book, Where Does the Money Go?, about the federal budget crisis. As a Canadian who just recently moved to the United States, that's something that I really know nothing about--making me fit perfectly into the target audience.
So, in brief, Who Turned Out the Lights? is a good introductory book, very accessible and easy to read, but not necessarily for those who are already familiar with the topic.Who Turned Out the Lights: Your Guided Tour to the Energy Crisis Overview

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Gusher of Lies: The Dangerous Delusions of "Energy Independence" Review

Gusher of Lies: The Dangerous Delusions of Energy Independence
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Gusher of Lies: The Dangerous Delusions of "Energy Independence" ReviewI no longer question my sanity. Robert Bryce's book, Gusher of Lies: The Dangerous Delusions of "Energy Independence," provides THE much needed voice of reason in a cacophony of idiocy, ignorance, ideology, and isolationism.
I have been an energy policy wonk in Washington, DC for over 25 years, even founding and running energy policy think tanks for the last decade. Yet I found myself perplexed by much of what I heard being bandied about regarding energy policy. None of the public dialogue made any sense to me. Both Republicans and Democrats favored senseless interventions into energy markets, albeit for different reasons (R's for national security and D's for environment). The only thing the two parties could agree on was doling out pork to favored constituencies. Nearly everyone in public life embraced the ridiculous mantra of "energy independence."
I searched in vain for a hard hitting, top-to-bottom analysis of energy policy from a market perspective. Something Milton Friedman or Friedrich Hayek might endorse. I searched feverously for a book that would represent my world view. I found mostly apocalyptic screeds with titles like the End of Oil or Blood and Oil or Powerdown or Carbon War (about 35 such "sky is falling" titles are available on Amazon.com since only 2000).

It is against this gloomy backdrop that I read Bryce's Gusher of Lies. It is by far the best energy policy book in the last decade and that is because I am too lazy to go back farther. Bryce is a journalist and he explains his views in the easy to understand, down to earth manner that we expect from journalists. But unlike many journalists, he is amazingly comprehensive and detailed in his analysis. He has an economist's command of the salient facts and interconnections but writes in a lucid and comprehensible manner. Given the complexity of energy, this is no easy feat.
Interestingly, Bryce is no market ideologue (I plead guilty) so I doubt I will run across him at the next meeting of the vast right wing conspiracy. His bona fides are left of center. As America's leading energy journalist, his last two books were Pipe Dreams: Greed, Ego, and the Death of Enron, where he excoriates the Bush Administration for its cozy relationship with Enron, and Cronies: Oil, The Bushes, and the Rise of Texas, America's Superstate, where his words drip with venom for the abuses of Republicans, especially the Bush Clan.
Despite his leanings, he wholeheartedly accepts John Adams' admonition that "facts are stubborn things" and Daniel Moynihan's lament that "you're not entitled to your own facts" and Dragnet's Sergeant Friday's "just the facts, ma'am." Admittedly, ideological tracts on markets and the perniciousness of government intervention get my adrenaline spiking but it is refreshing to see your ideology vindicated by such a cogent marshalling of the facts.
He obliterates much of the idiocy that passes for main stream views of energy. A couple of his nuggets: oil imports are not a problem, they are a solution; even assuming that climate change is anthropogenic, many of the proposals are just silly money wasters; wind energy, solar, and ethanol are not going to solve any of our problems; let price play its legitimate role; and why lowering electric demand is folly.
His chapter 21 lays out a host of very common sense (based on the facts as they are not as we wish them to be) proposals: get government out of the energy business; accept interdependence of energy supplies, especially oil; accept increasing energy use and adapt to a changing global climate; develop technologies that use solar, nuclear, and encourage efficient consumption; increase domestic supplies and rely more heavily on natural gas.
My only lament is that many of the policy makers who pontificate on energy will not take the time to read such a comprehensive treatment of energy. We are the worse for that. Bryce, however, has restored my faith that there are some analysts that see the world clearly, instead of through green colored glasses or wrapped in the flag.
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Power Grab: How Obama's Green Policies Will Steal Your Freedom and Bankrupt America Review

Power Grab: How Obama's Green Policies Will Steal Your Freedom and Bankrupt America
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Power Grab: How Obama's Green Policies Will Steal Your Freedom and Bankrupt America ReviewCharlton Heston starred in the 1973 movie "Soylent Green". The year is 2022, and we are all poor and without power, both electrical and political. Christopher Horner's book begins by looking ahead to the year 2015 and painting an eerily similar picture of an impoverished existence. The real irony here is that the sad future is created, not by man's mismanagement of earth's resources, but by one man's presidential withholding of those sources of power from society.
As stated in the book, environmentalism seeks to use the state to create scarcity as a means to exert their will. Indeed, the author contends the policies and people being instituted into our nation's government are about establishing and holding power over our lives, our very future, and that of our children. Mr. Hornor argues that "the Power Grab is to grab your power, your wealth, economic liberties and personal freedoms." A technique to attempt to do this is akin to "yelling eco-crisis in a crowded recession."
The author adds, perhaps a bit hopefully, that "...only the left are panicking as the voters head for the exit."
This book is rather heavy and yes, a bit apocalyptic but worth burning the midnight oil to read. Yet, contrary to Charlton Heston's character trapped in a drab future he cannot alter, "Power Grab" encourages the reader to grab the constitutional power reins and steer your future and that of your children's back on the course of freedom.
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Power Hungry: The Myths of "Green" Energy and the Real Fuels of the Future Review

Power Hungry: The Myths of Green Energy and the Real Fuels of the Future
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Power Hungry: The Myths of "Green" Energy and the Real Fuels of the Future ReviewWith Power Hungry, energy journalist and Austin apiarist Robert Bryce marshals lots of accurate numbers in context to make plain how modern culture exacts power from energy to save time, increase wealth, and raise standards of living. He also dispenses common sense to citizens and policy makers for an improved environment, a better, more productive economy, and more enlightened civil society. Inspired by the environmental economics of Rockefeller University's Jesse Ausubel and the University of Manitoba's prolific Vaclav Smil, he makes the case for continuing down the path of de-carbonizing our machine fuels--a process begun two hundred years ago when we turned from wood to fossil fuels and huge reservoirs of impounded water. As the world's population continues to urbanize, people will inevitably demand cleaner, healthier, environmentally sensitive energy choices.
Today, the world uses hydrocarbons for 90 percent of its energy, getting a lot of bang for its buck. Bryce offers convincing evidence that, over the next several generations, particularly since broad energy transformations require much time and financial investment, relatively cleaner burning natural gas will provide a bridge to pervasive use of nuclear power--" the only always-on, no-carbon source than can replace significant amounts of coal in our electricity generation portfolio." And if nuclear ultimately becomes the centerpiece for the electricity sector, which constitutes about 40 percent of our total energy use, this development would accelerate the de-carbonization of the transportation and heating sectors as well.
His narrative transcends the current climate change debate. He thinks the evidence on either side is equivocal, at best provisional, and, even if it could be proven conclusively that humans were responsible for precipitously warming the earth by producing a surfeit of carbon dioxide, there is little that could be done about the situation now that would be consequential or practical, except embrace imaginative adaptation approaches.
Bryce organizes his ideas around four interrelated "Imperatives" that serve as a prime motif for human history and explain much contemporary circumstance: power density, energy density, scale and cost. He shows that, although energy is the ability to do work, what people really crave is the ability to control the rate at which work gets done--power. Performing work faster means more time to do something else. This begets an appetitive feedback loop, where more power unleashes more time to produce more power. As the scale of this process increases, costs are reduced, making what power creates more affordable.
In terms of economic efficiency and improved ecosystems, producing the most power in the smallest space at a scale affordable by all is what present and future enterprise should ensure.
The power density of fossil fuels, expressed in watts, BTUs, or horsepower, has been the lynchpin of our modernity, although they will eventually become depleted, perhaps over a few centuries or much sooner, as various peak oil and coal scenarios suggest. (Bryce shows that worldwide oil's marketshare has fallen over the last 35 years and the rate of decline will likely continue.) And they do have negative environmental consequences. Particularly coal, with such environmentally treacherous extraction techniques as strip mining/mountaintop removal, and toxic emissions. But their overall benefits at present outweigh the negatives in a comprehensive cost benefit analysis. Which is why they're so popular.
Hydrocarbons lift people out of poverty, literally empowering them to better health, wealth, and productivity. "The key attribute of hydrocarbons is their reliability," a precondition for coordinated economic and social convergence, which is the very hallmark of modern life. Planning to replace their capacity successfully will demand great ingenuity and the most advanced technology--not hyped-up premodern gadgetry like industrial wind technology.
Over the first seven chapters of his book, Bryce lays out the gargantuan scale of our energy consumption, bound on the one side by the existence of nearly seven billion people and the thirst for increasingly denser power supplies on the other. He shows why, if oil didn't exist, we'd have to invent it. Deploying helpful charts and graphs throughout, he demonstrates that we will not, indeed cannot, quit using hydrocarbons any time soon, since our daily consumption is equivalent to 226 million barrels of oil, equal to the total daily output of twenty-seven Saudi Arabias.
The world consumes nearly 7 billion horsepower a day, albeit unevenly, since Americans consume energy at 18 times the rate of people in Pakistan and India. America leads the world in reliable horsepower and produces about 74 percent of the primary energy it consumes. Moreover, it has more hydrocarbon reserves than any other nation. Yet, despite all this power, the United States leads the world in energy efficiency and per capital carbon emission reductions over the last fifteen years.
So why are so many willing to trade the high power density of coal, natural gas, and oil for such unreliable, low-power-density sources as wind and solar? Part II, The Myths of Green Energy, attempts to answer this question. Bryce looks closely at the claims for wind especially and debunks them all as mainly the result of snake oil, a too-gullible public suffused in scientific illiteracy, "happy talk" from media (viz, Thomas Friedman), and self serving bombast from industry pundits like T. Boone Pickens. Thinking that wind technology, for example, could put a dent in the use of fossil fuels as an "alternate" energy source is just plain goofy, akin to believing that a book of matches could melt a glacier. Believing that corn and cellulosic ethanol are friends of the environment and consumers is downright Orwellian. In truth, they reduce efficiency and performance while damaging machine engines, and raise the cost of food by shrinking food supply while depleting millions of acres of soil and siphoning off a sea of water. For shame.
Bryce reinforces the theme of his previous book, Gusher of Lies. The energy business is so vast and intricately global that it dooms any nation's quest for energy independence. Those who think more hybrid cars, wind machines, and solar cells will free the United States from its dependence on imports will be shocked to discover that those technologies hinge on rare earth elements obtainable almost exclusively in China. Which fact largely explains why the Chinese are rapidly becoming a dominant manufacturer and exporter of "green" technologies.
Bryce relishes challenging flimflam. Power Hungry demolishes the notion that oil is dirty; that carbon capture/sequestration schemes can be globally effective; that cap-and-trade/taxation/renewable energy credit ideas for reducing carbon dioxide emissions can do anything but worsen the situation, at the expense of tax and ratepayers; that plug-in electric cars will soon revolutionize the transportation sector; and that efficiency, desirable as it is as a means of conservation, can change the world.
Bryce's conclusions about better policy follow the logic of Sherlock Holmes: "When you have eliminated all which is impossible, then whatever remains, however improbable, must be the truth." By eliminating the imposters and exposing the disingenuous, he is then able to engage in rational discourse about the genuinely probable technologies that will in future slake our ginormous craving for power.
He states the problem in a way that suggests solutions. If society seeks cleaner air and water, if consumers seek cheaper energy, if environmentalists seek open vistas and large swaths of untrammeled nature, if politicians seek a significant reduction of greenhouse gasses while maintaining, even expanding, the power requirements of modernity--then the future of energy conversion for electricity must hinge on increased use of natural gas in the near term while the world prepares for nuclear power over the long haul. Given the magnitude of the situation, anything else is hope. And prayer.
Recounting the sorry recent history of natural gas supply, Bryce explains how pandering politics and the coal industry combined to reduce its availability, making the public think the resource had been exhausted, However, new discoveries of extensive shale deposits in the United States, along with improvements in extraction technologies, now make natural gas much more available. That it burns 50 percent cleaner than coal, emits no toxic particulates, and is so versatile, make it the ideal transitional fossil fuel for the next generation or so. As more supplies become available, costs will continue to drop, making natural gas more appealing to consumers. To protect against damaging the ground water and pollutant leakage through gas lines, the industry would have to be carefully regulated, particularly in remote areas during the extraction process.
Still, as good as they are, carbon-based fuels, even those as beneficial as oil and natural gas, continue to put us at odds with our potential for informed stewardship of the planet. Our best scientists tell us we must do better in achieving goals of sustainable biodiversity and healthier ecosystems. To do so, we should sooner than later move beyond sloganeering and heavy reliance on fossil fuels.
As Bryce says, "nuclear goes beyond green." It provides two million times the power density of fossil fuels and can be contained in a small area, preserving the countryside. Concerns about its safety because of exaggerated news accounts of the damage inflicted by the Three Mile Island/Chernobyl accidents, along with the dramaturgy wrought by...Read more›Power Hungry: The Myths of "Green" Energy and the Real Fuels of the Future Overview

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Energy, Sustainability and the Environment: Technology, Incentives, Behavior Review

Energy, Sustainability and the Environment: Technology, Incentives, Behavior
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Energy, Sustainability and the Environment: Technology, Incentives, Behavior ReviewThis book covers a highly topical and timely issue, how to meet our energy needs without damaging the environment in the long term. It covers many of the relavant aspects of the debate with input from a number of global scholars covering various topics. A must read for anyone interested in sustaibility, climate change and energy security/policy debateEnergy, Sustainability and the Environment: Technology, Incentives, Behavior Overview

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Handbook of Carbon Offset Programs: Trading Systems, Funds, Protocols and Standards (Environmental Market Insights) Review

Handbook of Carbon Offset Programs: Trading Systems, Funds, Protocols and Standards (Environmental Market Insights)
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Handbook of Carbon Offset Programs: Trading Systems, Funds, Protocols and Standards (Environmental Market Insights) ReviewEs una de las guías más completas que he leído sobre los mercados de carbono. No lo recomiendo para un principiante ya que se asume que el lector ya sabe un poco sobre el tema.Handbook of Carbon Offset Programs: Trading Systems, Funds, Protocols and Standards (Environmental Market Insights) Overview

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Russia, the Asymmetric Threat to the United States: A Potent Mixture of Energy and Missiles (Praeger Security International) Review

Russia, the Asymmetric Threat to the United States: A Potent Mixture of Energy and Missiles (Praeger Security International)
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Russia, the Asymmetric Threat to the United States: A Potent Mixture of Energy and Missiles (Praeger Security International) ReviewThis book is a well organized thorough analysis of the statistical data pertaining to the relative economic and military standing of the United States and Russia. A must-read for anyone who wants to understand the present situation and forecast the probable future development of the relationship between the two countries. This is not a novel. Be prepared to deal with numbers and technical specifications.Russia, the Asymmetric Threat to the United States: A Potent Mixture of Energy and Missiles (Praeger Security International) Overview

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Energy and American Society - Thirteen Myths Review

Energy and American Society - Thirteen Myths
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Energy and American Society - Thirteen Myths ReviewThis is an excellent introduction to real energy issues, written by experts, with many useful references for further study. Energy mythinformation (inadvertent or otherwise) propagates all too easily, and this book does a good job of debunking the common myths.
Anyone involved in policies regarding energy&climate change should be familiar with this material, and that includes ordinary citizens, especially those who might care about the US economy and environment seen by any grandchildren.
I'd summarize the book as saying:
a) We face serious problems, as we *will* run out cheap oil, and then cheap gas [look up "Peak Oil" in Wikipedia], and if we keep burning coal without sequestering CO2, we will push the planet into a much hotter state with serious economic downsides. Right now, the US economy depends on cheap oil, and of course, it might be better not to be selling off big chunks of the US economy to other countries to feed our oil habit forever.
b) However, we actually have pretty good solutions for many of the problems, mostly without requiring magic technology leaps. There is no one silver bullet, but a myriad of small actions to be taken to stop wasting energy, many of which actually save money right away.
c) Most of the actions required are actually policy choices, with help from widespread use of existing technologies, plus rational R&D investments. Low electicity-per-capita use in some states has been achieved with no obvious economic catastrophes. [Connecticut, Massachusetts, New York, Rhode Island, and California are not usually considered poor places.] Of course, we have much further to go, but in many cases, it really is a matter of choosing to do the right things.
The editors provide an introduction and summary bookending 13 myth discussions by (mostly) other authors. Following is a list of the 13 myths, with comments on a few of the chapters:
1. Today's Energy Crisis is "Hype"
2. The Public is Well Informed About Energy
3. High Land Requirements and an Unfavorable Energy Balance Preclude Biomass Ethanol from Playing a Large Role in Providing Energy Services
- This is an especially important chapter, as the topic engenders much confusion. Not all biofuels need be from corn, and there is more land available than many think.
4. The Hydrogen Economy is A Panacea
- Dr. Joseph Romm shows why hydrogen (especially for vehicles) is a long way off, if ever, compared to PHEV/FF (plug-in-electric-vehicles with flex-fuels). He shows why research is appropriate, but not spending huge $$ for premature deployment, especially to the detriment of truly useful steps doable much sooner.
I also his recommend Joe's website http://climateprogress.org/, and his book Hell and High Water: Global Warming--the Solution and the Politics--and What We Should Do.
5. Price Signals are Insufficient to Induce Efficient Energy Investments
6. The Barriers to New and Innovative Energy Technologies are Primarily Technical:
- The Case for Distributed Generation
- In many ways, distributed generation of electricity would be more efficient, but power companies are geared for centralized generation, even with expensive long-distance distribution.
7. Renewable Energy Systems Could Never meet Growing Electricity Demand in America
8. Worldwide Power Systems are Economically and Environmentally Optimal
- Tom Casten and Robert Ayres show how far off we are, illustrating the efficiencies gotten with waste-energy recycling / cogeneration ... that are strongly inhibited by regulatory issues and market distortions, compared with places like Denmark or The Netherlands, etc. See Casten's website: http://www.recycled-energy.com/index.html
9. Energy Efficiency Improvements have Already Reached Their Potential
- Amory Lovins shows why not, why "negawatts" are really cost-effective, and why nuclear plants don't seem very cost-effective compared to other options. I especially liked his description of his Rocky Mountain house that lacks a conventional heating system, but whose design cuts heat losses to within 1% of various free heat gains. "The last 1% can come from a 50-watt dog, adjustable to 100W by throwing a ball..."
10. Energy Efficiency Measures are Unreliable, Unpredictable, and Unenforceable
11. Energy R&D Investment Takes Decades to Reach the Market
12. Climate Policy will Bankrupt the US Economy
- California is pretty aggressive on this, because we have to be, as all the impacts of global warming will cost us money. Nevertheless, California is hardly poor, and we expect that reworking our infrastructure for energy efficiency, and heading towards minimal use of fossil fuels as early as we can, will only make us more competitive in the face of increasing oil costs.
13. Developing Countries are Not Doing Their Part in Responding to Concerns about Climate Change
=====
This is a very useful book. I expect to study many chapters in further depth and chase down references.
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Greening Our Built World: Costs, Benefits, and Strategies Review

Greening Our Built World: Costs, Benefits, and Strategies
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Greening Our Built World: Costs, Benefits, and Strategies Review"I've already recommended this book to a client of mine, a builder / developer who frequently must convince owners, investors, communities and other stakeholders of the benefits of building green. This is his new bible! Thank you, Mr. Kats, for taking what clearly must have been painstaking, comprehensive and exhaustive efforts to gather and organize SO much hard data in such a readable and presentable form. We love all the charts and graphs (some of us prefer data presented visually). This will be the go-to resource whenever anyone nees to "make the case" for sustainable building decisions. Even at a premium price, this book is already worth 100 times that amount in research time and money saved." Jonathan Flaks, M.C.C. - Green Executive CoachGreening Our Built World: Costs, Benefits, and Strategies Overview

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Profiting from Clean Energy: A Complete Guide to Trading Green in Solar, Wind, Ethanol, Fuel Cell, Carbon Credit Industries, and More (Wiley Trading) Review

Profiting from Clean Energy: A Complete Guide to Trading Green in Solar, Wind, Ethanol, Fuel Cell, Carbon Credit Industries, and More (Wiley Trading)
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Profiting from Clean Energy: A Complete Guide to Trading Green in Solar, Wind, Ethanol, Fuel Cell, Carbon Credit Industries, and More (Wiley Trading) ReviewAsplund covers solar, geothermal and wind power, fuel cells, biofuels, clean coal and power efficiency, clean utilities via green pricing, cfl bulbs and energy star programs and biomass, organic matter that was once a living plant or tree or waste matter and either burning or extracting it. He does not cover nuclear, recycling, enviro cleanup, shale.
What's god is that he gives you both the pros and the cons of each type of technology and at times can be very technical in discussing how that particular energy works. He does admit that without governmental incentives, many of these types of clean energy methods are not cost effective, but that is the weak point in this book -- while it is obvious he knows how much subsidies they require and why, he doesn't really let you in on that secret, so as the reviewer from Switzerland noted, Pres Obama is encouraging this (the Solyndra scandal a notable example) we do not know whether that is a good venue for govt dollars vs alternatives. So in effect he downplays the cost effectiveness of each technology. His website does pretty much the same, so in the end this book becomes a cheerleader for Clean Energy and does not truly vet the process.
Also under solar energy, since he is interested in investable companies that are now public, i.e. 2008, he does not mention companies or technologies that are on the horizon that one should watch for perhaps future IPOs, investments, development. Other than that, you can learn allot about what's going on but in this field, and I surely did, but this book is not as definitive as the author proclaims.Profiting from Clean Energy: A Complete Guide to Trading Green in Solar, Wind, Ethanol, Fuel Cell, Carbon Credit Industries, and More (Wiley Trading) Overview

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The Vega Factor: Oil Volatility and the Next Global Crisis Review

The Vega Factor: Oil Volatility and the Next Global Crisis
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The Vega Factor: Oil Volatility and the Next Global Crisis ReviewI was fortunate enough to get my hands on an advance copy of Dr. Kent Moors' book, The Vega Factor. Having followed him for a number of years now, through both his commentary as an oil and gas analyst and his more recent stock market analysis, I knew that he would be presenting a rather novel approach to the discussion of the oil market. Boy, does he ever. His book provides insight into the market that only a veteran of the oil market can, while simultaneously anticipating what is just around the corner. Not only does this provide the reader with a deeper understanding of how the market has worked in the past, but more importantly the work does a wonderful job of making clear precisely why the old risk models simply will not work any longer. As a follower of all commodities markets in general, and the oil and gas markets in particular, I find that Dr. Moors' book cuts through much of the mystery of why oil markets have been so volatile lately. More importantly, he predicts - very convincingly - that this new market reality is here to stay for the foreseeable future. I strongly recommend this book to anyone looking to understand how oil markets will work moving forward, as well as those currently in the industry who may be searching for additional insight from an oil market expert possessing the keen intellectual ability to stay ahead of the curve.The Vega Factor: Oil Volatility and the Next Global Crisis Overview

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Nuclear Energy, Sixth Edition: An Introduction to the Concepts, Systems, and Applications of Nuclear Processes Review

Nuclear Energy, Sixth Edition: An Introduction to the Concepts, Systems, and Applications of Nuclear Processes
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Nuclear Energy, Sixth Edition: An Introduction to the Concepts, Systems, and Applications of Nuclear Processes Review"Nuclear Energy" by Raymond L. Murray now has a sixth edition available, and while I read and am reviewing the fifth edition, I encourage anyone who wants to read this generally fine book to obtain the latest edition. In this volume Murray covers a very broad swath of information, focusing on nuclear processes and civilian nuclear power, but also delving into international aspects of nuclear power, nuclear explosions and armaments, future uses of nuclear power, regulatory issues, and waste disposal. Each chapter is well formulated, and I especially appreciated the concise summaries at the end of chapters.
I found the chapters on nuclear processes to be the best in the book, and particularly enjoyed chapter 12, "Heat Generation and Removal," and found his explanation of nucleate boiling, film boiling, and departure from nucleate boiling ratio" (DNBR, p. 151) to be the most comprehensible I have ever read in an introductory text. I read the book to enhance my understanding of commercial fission reactors mostly to grasp engineered safety systems in operational reactors. In that vein, some sections of the book are a bit esoteric, although still interesting. For instance, some of the discussion in the section 14.6, "Prospects For Fusion" (p.188) goes into such things as the compact stellarator, spherical torus, reversed field pinch, spheromak, floating multipole, and z-pinch concepts in the discussion of magnetic fusion focused on the tokamak mode. My critique isn't that the material is bad, but that most readers of the book are focused on much more basic information. The fusion discussion is by no means a waste overall though, and I particularly liked the inclusion of a quote from fusion pioneer Lyman Spitzer on p. 190 that justifies the entire research discipline: "A fifty percent probability of getting a power source that would last a billion years is worth a great deal of enthusiasm." Brilliant.
While most of the book is very well written, I found isolated sections to be very confusing, particularly section 17.7, "Neutron Activation Analysis," which I re-read several times and still struggled with. Hopefully this has been fixed in the sixth edition, though thankfully these weaker areas are relatively rare. As an aside, some of the exercises require mathematical leaps most people will be unable to make unless the material is taught more in-depth in a classroom environment. This can prove frustrating.
Chapter 22, "Radioactive Waste Disposal," is one of the most important in the book, and also a subject that has drastically changed since this edition was written, most recently with the decision of the Obama administration with the support of Energy Secretary Steven Chu and Senator Harry Reid of Nevada to terminate the Yucca Mountain facility with no plan whatsoever to provide an alternate facility. This latest government boondoggle puts politics over scientific validity, but that comes as no surprise, as Murray points out the failure of Jimmy Carter's equally naive political views on nuclear proliferation and reprocessing on p. 343: "Concern about international proliferation of nuclear weapons prompted President Carter in 1977 to issue a ban on reprocessing. It was believed that if the U.S. refrained from reprocessing, it would set an example to other countries. The action had no effect, since the U.S. had made no real sacrifice, having abundant uranium and coal reserves, but countries lacking resources saw full utilization of uranium in their best interests." Of course by eliminating the prospect of reprocessing, Carter committed the U.S. to a "once through" nuclear power system with much greater waste issues to deal with than would occur were reprocessing to be implemented.
Chapter 23, "Laws, Regulations, and Organizations," is of key importance to understanding the industry, and I especially appreciated the information on Performance-Based regulation (pp. 367-368) in the discussion of the Nuclear Regulatory Commission. I likewise found the information on the "Institute of Nuclear Power Operations" (INPO) on pp. 370-373 to be excellent. (For more information on INPO I refer readers to the excellent book "Hostages of Each Other" by Joseph Rees.) The country-by-country overview of nuclear power capabilities in chapter 25 is an excellent resource, but is now quite out of date; I'm sure the sixth edition will provide an excellent updated version of the data. Chapter 26, "Nuclear Explosions," tackles militarized nuclear systems, and is generally good, though there are some utopian visions expressed that have no place in a book of this nature, most notably in the summary on p. 435: "In addition to continued efforts to reduce the stockpile of armaments, to secure workable treaties, and utilize technology to provide protection, there is an urgent need to eliminate all the unfavorable conditions-social, economic, and cultural-that prompt conflict in the world." Yeah, that'll happen.
Overall I like the book and while some of the material is a tad esoteric for presentation in an introductory book, the enormity of the subject is generally dealt with quite well by Mr. Murray, and I recommend the book for readers with a serious interest in the subject matter.Nuclear Energy, Sixth Edition: An Introduction to the Concepts, Systems, and Applications of Nuclear Processes Overview

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Addicted to Energy: A Venture Capitalist's Perspective on How to Save Our Economy and Our Climate Review

Addicted to Energy: A Venture Capitalist's Perspective on How to Save Our Economy and Our Climate
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Addicted to Energy: A Venture Capitalist's Perspective on How to Save Our Economy and Our Climate ReviewBurned out by all the polemics and grand policy posturing on the subject, I was taken very much by surprise by "Addicted to Energy". I'm unaware of anything else as straightforward and practical-minded--yet comprehensive-- as this. I'm at least as motivated by the economic and national security motivations for saving energy, as by the global warming motivation, but either way Elton Sherwin's recipe is compelling.Addicted to Energy: A Venture Capitalist's Perspective on How to Save Our Economy and Our Climate Overview

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Tar Sands: Dirty Oil and the Future of a Continent, Revised and Updated Edition Review

Tar Sands: Dirty Oil and the Future of a Continent, Revised and Updated Edition
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Tar Sands: Dirty Oil and the Future of a Continent, Revised and Updated Edition ReviewAndrew Nikiforuk has done us all a great favour in writing this impassioned book about the Alberta Tar Sands and the social, environmental and political devestation they are causing. Mr. Stephen Harper has revealed himself as the Dick Cheney of Canada, a scheming figure, intellectually in debt to the carbon fuels industry, with great personal integrity and a passionate contempt for democracy, especially parlimentry democracy.
Mr. Nikiforuk begins his book with XXII propositions (I will not repeat them all here) which are a strong call to action for anyone concerned with the environment, Canadian society and politics and the people of the Athabasca. He follows this with a detailed history of the tar sands development and its impacts. Bitumen is a very dirty and inefficent fuel and that we are turning to it as an alternative shows how far we have gone down the road of carbon degredation. Nikiforuk points out that integrating the North American energy market around fossil fuels will effectively remove what ever political independence Canada has (a long time goal of the Harper Conservatives) and will reconstitute Canada as a client energy slave of the US. It will make it impossible for Canada to meet any international agreements on carbon reduction (another goal of the Harper Conservatives) and lock Canada into a path of declining international relevance as the world moves into a post-carbon economy and a devestated landscape.
After reading this book I went over to Google Maps and cruised around the Fort McMurray and the enviromental disaster in the making is already clearly visible.
This book reinforces how important it is to stop Harper and his carbon fueled political machine. At the very least, the tar sands projects should be forced to carry the full cost of all of their externalities - carbon footprint, land restoration, impact on wildlife, social impact ... If these costs were fully factored in it is doubtful that there would be much development in the tar sands. Instead, the federal and Alberta governments are selling out the Canadian tax payer for short term gain, though most of the gain will go to a very few Canadians and Americans. The rest of the world will suffer from carbon emmissions and the loss of a wonderful river and wilderness.
I suspect that our grand children will ask us in horror and disbelief why we thought that burning complex and beautiful hydrocarbons was a good way to create energy when we had so many other options available.Tar Sands: Dirty Oil and the Future of a Continent, Revised and Updated Edition Overview

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