Archives par mot-clé : Cost

Thank finance for sharp oil price decline

by Steve Austin, July 26, 2017 in Oil-Price.Net

US wins, Middle East loses

While US scores with increased rig count and production, the oil industry in the Middle-East is festering with under investment. Said to be in trillions, the lack of investment could boomerang as supply deficit within a decade. Let’s not forget that oil exploration is a long term development in which a decade is but short. Why are the investors moving away?

New York Times: World’s nations building huge numbers of new coal plants despite emissions growth

by  NY Times, July 13, 2017 in WUWT

The level of renewable use is now so high in Germany that serious electric grid reliability and stability issues now exist which require both fossil power plant emergency backup for failed renewable production and dictate rejecting renewable energy to ensure operation of fossil plants required for electric grid reliability and stability.

How too little CO2 nearly doomed humankind

by Dennis T. Avery, June 30, 2017 in ClimateChangeDispatch

Statistician Bjorn Lomborg had already pointed out that the Paris CO2 emission promises would cost $100 trillion dollars that no one has, and make only a 0.05-degree difference in Earth’s 2100 AD temperature. Others say perhaps a 0.2 degree C (0.3 degrees F) difference, and even that would hold only in the highly unlikely event that all parties actually kept their voluntary pledges.

Study: ‘Heat island’ effect could double climate change costs for world’s cities

by Anthony Watts, May 30, 2017 in WUWT

From the UNIVERSITY OF SUSSEX and overheated climate science department, comes a claim that just doesn’t seem plausible, suggesting that in the future, nearly 11% of a “worst-off city” gross domestic product would be consumed by UHI boosted climate change. On the other hand, the study is by Dr. Richard Tol, who is well respected by the climate skeptic community. He does have a point about “the effects of uncontrolled urban heat islands”

Overheated cities face climate change costs at least twice as big as the rest of the world because of the ‘urban heat island’ effect, new research shows.

BP oil spill did $17.2 billion in damage to natural resources, scientists find

by Virginia Tech, April 20, 2017 in ScienceDaily

The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in US history.

This is the first comprehensive appraisal of the financial value of the natural resources damaged by the 134-million-gallon spill.