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Posts Tagged ‘oil and gas news’

Sunday, April 18, 2010@ 5:22 PM
Author: Press


Contact: Karen Hofmeister

Telephone: 713-523-7333

E-Mail: karen.hofmeister@jkhgroup.org


It Can If a Donation is Texted to Citizens for Affordable Energy

Citizens for Affordable Energy educates citizens and government officials about pragmatic, non-partisan affordable energy solutions, environmental protections, energy alternatives, efficiency, infrastructure, public policy, competitiveness, social cohesion, and quality of life. CEO and founder of Citizens for Affordable Energy is John Hofmeister, the former President of Shell Oil. He founded the group to help educate citizens who will ultimately demand public policy by which America produces much more energy for affordability and sustainability.

By texting the word ENERGY to 20222 individuals can make a donation to Citizens for Affordable Energy and help further the cause of leading America to a more prosperous tomorrow. Donations to the group can help to accomplish the goals of bringing the cost of energy down, more energy independence, creating energy in an environmentally-friendly manner, developing new technology for energy production, developing alternative forms of energy, and improving energy policy.

For more information please visit www.citizensforaffordableenergy.com. John Hofmeister has carefully explained his vision and energy solutions in the book Why We Hate the Oil Companies: Straight Talk from an Energy Insider, to be released on May 25th by Palgrave McMillan.

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For more information please contact Karen Hofmeister at 713-523-7333 or karen.hofmeister@jkhgroup.org.

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Chasing votes with ‘clean and green’
Sunday, April 18, 2010@ 4:40 PM
Author: Press

Chasing votes with ‘clean and green’

Despite the talk, ideology doesn’t translate to actual alternative energy


March 6, 2010, 4:00PM

I’m a backer of wind, solar and biofuels as new, high-technology future contributors to the energy supply of the nation. Facing the daunting demand forecasts of the medium- and long-term future, the nation will need all the energy it can produce from every available source. Today’s seeming abundance of energy is a recession-driven aberration from the continuing rise in postindustrial, electron-dominated energy requirements in this century. Companies, institutions, governments and homes are run by information systems and countless electrical devices. When transportation also demands electrons, watch your meter spin!

Yet public officials from the president and vice president to Cabinet and congressional leaders insult our intelligence by delivering scripted messages that the future of the new energy system in this country is clean renewable energy that will be delivered by countless so-called green jobs. The fake chimes of energy independence echo up and down Pennsylvania Avenue. Do headlines make truth, regardless of content? What is it about organizations like Repower America and the Center for American Progress, which provide ideology, not substance, to the administration and congressional leadership on the so-called new energy system? Why are their conclusions unchallenged? Is it ease of messaging, for who can be against clean and green? Is it to run away from hard choices about hydrocarbons and nuclear energy? No one’s against cleaner energy. But is it material? Is it affordable? Can it deliver commercial, ample new energy to the ever-aging existing energy system? Let’s be honest. It’s incremental and expensive.

The American people, if sometimes late, are eventually pragmatic about energy hype without substance. Wind and solar don’t reduce the electric bill; biofuels don’t reduce gas prices. Misinformation and disinformation lead to communications bankruptcy. I told Sen. Barack Obama he needed a hydrocarbon plank in his presidential energy platform to deliver affordable gasoline. He responded that, as president, he would do biofuels. I said I’m doing biofuels (at the time as Shell Oil’s president) but not materially by 2012, or even 2016. He said we’ll do biofuels. I asked, with what subsidy? End of conversation.

Clean and green, the energy system we aspire to, is subsidized like no other energy source in history. By whom? Us, and our progeny. All energy has historically received some type of public support to even out the volatility of high and low price cycles. The Energy Information Agency of the U.S. government’s Department of Energy reports that, for 2008, natural gas was subsidized 25 cents per megawatt hour of electricity produced, coal received 44 cents per megawatt hour, nuclear $1.59. Oil was not reported in these numbers since oil is hardly a factor in electricity production. However, oil benefits from a variety of tax subsidies for dry well expenses and royalty holidays dating from the $10-a-barrel oil days of the late 1990s, which the administration promises to rescind. At the same time in the same year, wind energy received public subsidy of $23.37 per megawatt hour; solar energy received $24.34. These numbers do not include the additional subsidies we taxpayers have been compelled to pay for wind, solar and biofuels through the stimulus plan, the 2010 budget and the 2011 framework budget. These subsidies help support 2 percent of today’s energy system. Their proponents promise to double and double again the amounts of subsidized supply from clean and green with no commitment to ending subsidies. That’s not a new energy system.

Frittering at the edges

Here’s the problem I have with what the administration and Congress are doing. They are frittering at the edges of the energy system, not even building a manufacturing base to sustain its growth, because it’s politically popular. Polls say bashing the energy industry gets votes. You don’t govern by promoting coal, oil, gas and nuclear when you just got elected berating them. Symbols trump substance. Meanwhile, our leaders ignore 93 percent of base energy — hydrocarbons and nuclear, which are aging rapidly and in need of major new investment — at their constituents’ peril. The nation needs its leaders to promote short-, medium- and long-term energy supplies from all sources and do what it takes to deliver. Beginning with the Nixon administration, we’ve had eight presidents and 18 Congresses who have promised energy independence and never delivered.

Recent announcements on tripling loan guarantees for future nuclear construction are little more than sleeves off the vest. Loan guarantees are useless for unaffordable new nuclear investments, which have also just lost their future source of nuclear waste disposal. The administration torched $20 billion of our money, announcing its determination to forever close Yucca Mountain, Nevada’s national nuclear waste repository. After decades of build-out, just as the site sought license approval, an eight-week-old administration pulled the budget plug.

It’s politics

Does anyone suspect the reason? Sen. Harry Reid of Nevada, the Senate majority leader, faces a tough re-election race in 2010; he is benefited by the energy secretary’s announcement, undoubtedly from orders on high, to shut down the nation’s only safe and reliable storage site. Now we’re appointing a blue ribbon panel to study what we studied decades ago and report out in two more years. Why not a blue ribbon panel to commoditize nuclear and reprocess waste to lower costs, so we can actually build more plants?

As for hydrocarbons, the administration is proposing a series of demonstration projects to evaluate carbon capture and sequestration by 2016. Never mind that new coal leasing is all but dead, stopped in its tracks by the EPA. They’re kicking the can down the alley, while making headlines as if they’re doing something.

Regarding other hydrocarbons, EPA regulation of fracking is being proposed, which will add time and cost to developing tight gas reserves. Offshore leasing for drilling is as stalled as it was when congressional and presidential moratoria precluded it for 30 years.

But “clean and green” it is: the simplistic formula to make it look like we’re serious about producing more energy. It will produce votes, not material energy. It’s not enough and never will be. We’re headed for an energy abyss.

Hofmeister, the former president of Shell Oil, is founder and CEO of Citizens for Affordable Energy. He also is the author of the book Why We Hate the Oil Companies: Straight Talk From an Energy Insider (Palgrave Macmillan, $27).

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Friday, April 16, 2010@ 9:25 PM
Author: Press




The World’s Largest Offshore Industry Conference Will Begin in Early May


John Hofmeister, the founder and CEO of Citizens for Affordable Energy and former President of the Royal Dutch Shell Oil Company, will be the keynote speaker of the 2010 Offshore Technology Conference. This year’s conference will begin on Monday, May 3rd and run through Thursday, May 6th and will be held at Houston’s Reliant Park.

For more than forty years, the Offshore Technology Conference hosts representatives of more than one hundred countries and is the world’s largest offshore resource development conference. This year’s meeting will have more than 70,000 attendees from around the globe and will allow corporations and individuals to make important business contacts while showcasing new technologies that are being developed for the industry. According to the Offshore Technology Conference website the gathering is the “world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection.” The four day conference will feature sessions, topical meals, exhibitions, and a workshop on numerous, relevant topics in the offshore industry.

Hofmeister is concerned about the high cost of energy and has founded Citizens for Affordable Energy with the stated mission, “To educate citizens and government officials about pragmatic, non-partisan affordable energy solutions, environmental protection, energy alternatives, efficiency, infrastructure, public policy, competitiveness, social cohesion, and quality of life.” His book, Why We Hate the Oil Companies: Straight Talk From an Energy Insider will be released on May 25th by Palgrave McMillan. He wrote the book to share some practical steps that the United States can take to produce greater amounts of affordable energy.

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For further questions or comments from John Hofmeister, please contact via the site contact form.

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