By W. H. Luyties, editor OWOE. Recently, OWOE initiated a series of blogs to take a closer look into the key US government actions to promote fossil fuels. Since the 2016 election, one lightening rod topic has been the push to increase coal and oil production in the US. This has energized both proponents of fossil fuels, who see an opportunity to possibly save their industries (coal) or increase production (petroleum), and opponents, who fear the environmental consequences of such a change. But is this a real threat to the global move away from fossil fuels, or is it simply rhetoric to energize a political base? Continue reading The latest push for fossil fuels – rhetoric or reality? Part 2 – oil
By W. H. Luyties, editor OWOE. A carbon tax and a carbon cap-and-trade program are fiscal policy tools that a government can implement to reduce carbon dioxide (CO2) emissions to the atmosphere (see figure) and help in the fight against climate change. Continue reading Carbon Taxation – A Policy for Combating Global Warning That Has Been Poorly Planned, Implemented, and Marketed
The EPA just issued a draft report on their four-year study of the impact of hydraulic fracturing (fracking) on drinking water (“Assessment of the Potential Impacts of Hydraulic Fracturing for Oil and Gas on Drinking Water Resources”, June 2015). In it they conclude that although there are mechanisms by which hydraulic fracturing activities have the potential to impact drinking water resources, there is no evidence of widespread, systemic impacts. Although there are specific instances of concern, the number of identified cases was small compared to the number of hydraulically fractured wells. This helps confirm industry experts who have contended that properly designed, planned, and executed fracking activities do not contaminate water resources.