The Waxman cometh for Alberta Oil Sands
Representative Henry A. Waxman of California ousted Representative John D. Dingell of Michigan from his post as chairman of the influential Committee on Energy and Commerce on Thursday, giving President-elect Barack Obama an advantage in his plans to promote efforts to combat global warming.
via Longtime Head of House Energy Panel Is Ousted – NYTimes.com
Why is this big news for Canada? Because Waxman would like to ensure that the US not allow any alternative fuel that has a bigger CO2 lifecycle impact than the conventional fuel it replaces to be used by the US government, as enshrined in US law.
I don’t foresee a bright future for this dirty Oil Sands, with oil now dipping below $50 a barrel, and money short, even the economics (without any carbon pricing) do not make sense. We are probably 4-5 years away from commercial plugin hybrids. In the medium term, gasoline consumption is going to decline, and there’s nowhere we can sell this oil to if the US drops out as a buyer.
Now you’re having this conversation over dinner about recycling (yes, I have had this conversation before with lots of people), and there pipes up this voice which says “Well, I read somewhere that it costs more money to recycle than to just throw it away”, and you think, “waitaminnit, that can’t be right, but where’s the proof?” Well, at least for paper, here it is, and bless the EU for taking the trouble (I read about this in the
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