Chevron announced Monday that it has agreed to buy rival Hess in yet another oil industry consolidation deal.
Cash-rich oil giants are taking advantage of high prices and surging profits to snap up assets and boost returns for shareholders even as pressure builds for them to invest more in renewable energy.
The deal, worth $53 billion plus debt, would give Chevron even greater access to US shale production in Texas’ Permian Basin, a part of the industry where Chevron (CVX) has been a leader for years. Hess (HES) also has large oil assets in Guyana, which Chevron said would help grow its production over the next decade.
“This combination positions Chevron to strengthen our long-term performance and further enhance our advantaged portfolio by adding world-class assets,” said Chevron Chairman and CEO Mike Wirth.
Wirth said Chevron and Hess will be able to merge seamlessly, sharing “similar values and cultures,” including a commitment to “lowering carbon,” although environmental advocates have been very critical of oil companies’ slow acceptance of renewable energy alternatives.
Chevron said buying Hess would increase the company’s free cash flow, giving the company more cash on hand in the long term to do more share repurchases. Chevron said that it would increase buybacks of its stock by $2.5 billion to $20 billion a year.
Critics have slammed oil companies for spending tens of billions of dollars on stock buybacks rather than easing the pain for consumers at the pump or investing more heavily in the energy transition. Already cash rich, oil companies have scored record profits after Russia’s invasion of Ukraine pinched oil supplies and sent prices higher.
ExxonMobil (XOM) last year made a record $1,874 of profit for every second during the course of 2022.
Those profits have made oil companies deal-happy. Two weeks ago, Exxon announced it would buy shale company Pioneer for $60 billion, a deal that would more than double Exxon’s Permian Basin operations if it is completed.
It’s not clear whether ExxonMobil or Chevron will face antitrust hurdles to completing their deals. The Biden administration has been far more active in challenging corporate power on antitrust grounds than recent administrations.
Shares of Chevron slipped 3% in premarket trading following the deal announcement, while Hess’ shares were slightly higher. Since the start of 2022, just ahead of the big run-up in oil prices following Russia’s full-scale invasion of Ukraine, Hess shares are up 120%, while Chevron shares are up 42%.
Monday, October 23, 2023
Oil's Well That Ends Badly, Con't
Sunday, October 22, 2023
Sunday Long Read: Sky Scrapers
Our Sunday Long Read this week comes to us from Outside Magazine's Brad Rassler, who spent some time on the barnstormer circuit and attender the annual High Sierra Fly-In as recreational bush pilots and hobbyists across America take to the wild blue yonder in the age of social media, influencers, and follower counts.
Throughout the lower 48, recreational bush pilots are using their nimble planes and social media influence to spread the word about bold frontiers in flight: touching down on remote federal lands, flocking to little-used runways in designated wilderness, and drag racing one another for pure sport. Their capstone event each season, the High Sierra Fly-In, never fails to deliver hair-raising thrills.
n early August of 2022, 69 days before the 12th annual High Sierra Fly-In—an event known as American aviation’s Burning Man—Trent Palmer hoisted himself into the cockpit of his red, white, and blue bush plane, the Freedom Fox, and fired up the engine for another cruise into the valleys north of Lake Tahoe. Palmer, wearing flip-flops, shorts, and a Trent Palmer limited-edition trucker hat (“Fly Low, Don’t Die,” $40), is not your typical bush pilot, hauling mountaineers and machinery. Thanks to a prodigious YouTube following, he’s one of the most prominent of a new breed of lower 48 adventurers who are landing their fat-tire planes on and in mountaintops, ridgetops, river canyons, mountain meadows, dry lake beds, and grass and dirt airstrips, mainly in the American West, and mostly on land managed by the federal government.
Here was Palmer, 34, his handsome face smooth of whiskers but strong of jaw, moving through his preflight checklist, which included ditching his flip-flops in favor of bare feet, both of which were hovering over the rudder pedals. He jiggled the center control stick, rising up from the floor between his legs, which he used to tame the Freedom Fox’s direction and pitch. He said “Clear” and pushed the starter button, and the propeller coughed and revved, eventually producing a throaty thrum. The plane’s wings and fuselage were the color of Old Glory; several dozen stars spanned the cockpit’s exterior. An observer would be forgiven for mistaking Palmer’s craft for an Air National Guard stunt plane.
Palmer tweaked the throttle and steered toward the runway. He spoke into his headset: “Stead traffic, Freedom Fox, taking runway two-six at alpha two. It’ll be a westbound departure.”
I sat to Palmer’s right, a motion-sickness bracelet on my left wrist, anti-nausea gum in my mouth, and a gallon-size ziplock at my feet. The copilot’s control stick started bobbing around between my legs in sync with Palmer’s. The Freedom Fox, an immaculately maintained, high-wing, single-engine tail-wheel plane with burly 29-inch bush tires, monster shocks, extended wings, and a 140-horsepower fuel-injected turbocharged engine, climbed from Reno-Stead Regional Airport at 1,500 feet a minute. The stamped alkaline flats of the Great Basin gave way to the dense pine forests of California’s Lost Sierra, a huge swath of mountainous backcountry about an hour north of Reno. On the horizon, the jagged crest of the Sierra Buttes came into view. Palmer, who was piping a Shakey Graves tune through the headsets, exuded competence, bonhomie, and (in the confines, I couldn’t help but notice) a pleasant, soapy smell.
He had agreed to take me along as he executed a series of “short takeoffs and landings”—STOL, for short—which epitomize bush flying, whether the assignment is depositing researchers onto a remote airstrip in Alaska’s Brooks Range, competing in STOL competitions, or landing “off-airport”—on ungroomed terrain, nowhere near a runway—as we were about to do next to California’s Stampede Reservoir.
Palmer seemed happy to be flying without cameras and a YouTube agenda. “How are you feeling?” he asked, this polite ambassador and evangelist of his winged pastime, this member of a band of nine bush-pilot buckaroos called the Flying Cowboys, social media influencers all, using their platforms to spread the bush-flying gospel to the uninitiated.
In one 2018 video, Palmer and two other young pilots fly to a northern Nevada mountaintop and set up base camp. One pilot paraglides off the summit. In a voiceover keyed to uplifting synths and soaring drone shots, Palmer says, “More often than not, we work away all the golden years of our lives, years we’ll never get back, all in an attempt to enjoy the remaining few.”
“I say it doesn’t have to be that way,” he continues. “What I’m saying is to stop waiting, stop dreaming, and start living. Life is too short to eat dessert last.”
“You know the drill,” he concludes. “Like this video if you do, subscribe if you haven’t, [and] come be my wingman.” Then he whispers “Peace,” flashes the V, and slaps his hand over the lens.
The result? Followers. Half a million of them. Palmer grosses about $150,000 a year from various income streams, including YouTube.
He gestured at the twitching control stick. “You might get punched in the nuts when I’m landing,” he said, “but don’t worry about it.”
Saturday, October 21, 2023
Last Call For Climate Of Destruction, Con't
Billions of snow crabs have disappeared from the ocean around Alaska in recent years, and scientists now say they know why: Warmer ocean temperatures likely caused them to starve to death.
The finding comes just days after the Alaska Department of Fish and Game announced the snow crab harvest season was canceled for the second year in a row, citing the overwhelming number of crabs missing from the typically frigid, treacherous waters of the Bering Sea.
The study, published Thursday by scientists at the National Oceanic and Atmospheric Administration, found a significant link between recent marine heat waves in the eastern Bering Sea and the sudden disappearance of the snow crabs that began showing up in surveys in 2021.
“When I received the 2021 data from the survey for the first time, my mind was just blown,” said Cody Szuwalski, lead author of the study and fishery biologist at NOAA. “Everybody was just kind of hoping and praying that that was an error in the survey and that next year you would see more crabs.”
“And then in 2022, it was more of a resignation that this is going to be a long road,” Szuwalski told CNN.
That year was the first the US snow crab fishery was closed in Alaska. Catchers have attributed to the population decline to overfishing, but “overfished” is a technical definition that triggers conservation measures, experts told CNN — it doesn’t actually explain the collapse.
“The big take home for me from the paper, and just the whole experience in general, is that historically, fishery scientists had been very worried about overfishing — this has been our white whale, and in a lot of places we really solved that with management,” Szuwalski said. “But climate change is really throwing a wrench into our plans, our models and our management systems.”
For the study, scientists analyzed what could have triggered the disappearance of the snow crabs beginning in 2020 and boiled it down to two categories: the snow crabs either moved or died.
Szuwalski said they looked north of the Bering Sea, west toward Russian waters and even into deeper levels of the oceans, and “ultimately concluded that it was unlikely that the crabs moved, and that the mortality event is probably a big driver.”
They found that warmer temperatures and population density were significantly linked to higher mortality rates among mature crabs.
The reason behind the mortality event: hungrier crabs.
Snow crabs are cold-water species and found overwhelmingly in areas where water temperatures are below 2 degrees Celsius, though they can function in waters up to 12 degrees Celsius, according to the study. Warmer ocean water likely wreaked havoc on the crabs’ metabolism and increased their caloric needs.
The amount of energy crabs needed from food in 2018 — the first year of a two-year marine heat wave in the region — may have been as much as quadrupled compared to the previous year, researchers found. But with the heat disrupting much of the Bering Sea’s food web, snow crabs had a hard time foraging for food and weren’t able to keep up with the caloric demand.
Thursday, October 5, 2023
Last Call For Climate Of Destruction, Con't
Data from the EU's Copernicus climate change office indicates September 2023 was the hottest September on global record by such a wide margin that scientists are wondering whether we've crossed the line of no return.
The September milestone, reported in new data released late Wednesday by the European Union’s Copernicus Climate Change Service, added to an alarming stretch of record-breaking global temperatures. During June, July and August, the planet had its hottest summer on record “by a large margin.”
September's temperatures have climate scientists even more stunned.
“This month was, in my professional opinion as a climate scientist — absolutely gobsmackingly bananas,” Zeke Hausfather, the climate research lead for the financial services company Stripe, wrote Tuesday on X, the platform formerly known as Twitter.
Samantha Burgess, deputy director of the Copernicus Climate Change Service, said it’s worrying to see so many new records set, but it’s even more alarming to see by what margin they are being toppled. Average surface air temperatures last month were almost a degree Fahrenheit hotter than September 2020, which had been the warmest September on record.
“Normally when you’re beating a record, it’s by hundredths of a degree,” she said, “so this is really a huge amount."
September was also the most anomalously warm month in recorded history, meaning its deviation from the average was higher than any month so far, according to the Copernicus Climate Change Service.
That warmth has continued into October. Temperatures around the world have remained elevated with a resurgence of summerlike conditions gripping residents of the Upper Midwest and the Northeast this week, despite being almost two full weeks into fall.
Record-smashing temperatures — above 90 F in some places — added to unseasonable warmth across a huge swath of the country, with cities from the Great Lakes to the Northeast experiencing high temperatures 10 to 30 degrees above average.
But the United States was hardly alone with its wild temperature swings: An October heat wave is baking Western Europe, with temperatures soaring well above 90 F in parts of France and Spain. And in the Southern Hemisphere, unseasonably warm temperatures have been recorded across South America and Australia, all coming on the heels of multiple bouts of extreme heat in previous months, during what should have been the winter season in that part of the world.
Conservatives will tell you that all this international climate data is really a conspiracy to use X as a fascism justification to take over the world, where X is vaccines, digital currency, electric vehicles, elections that they don't win, LGBTQ+ folks existing, Black folks surviving and thriving, abortion, and gas stoves. Probably fluoride too.
Meanwhile, the actual effects are pretty well detailed, documented and predictable. It's getting worse, and it's getting worse at a faster rate.
Plan accordingly.
Monday, September 18, 2023
Last Call For All Oiled Up In Cali
Democratic California Gov. Gavin Newsom announced a lawsuit Saturday against five major oil companies and their subsidiaries, seeking compensation for damages caused by climate change.
The suit, filed in San Francisco County Superior Court by Democratic Attorney General Rob Bonta, accuses the companies of knowing about the link between fossil fuels and catastrophic climate change for decades but suppressing and spreading disinformation on the topic to delay climate action. The New York Times first reported the case Friday.
The suit also claims that Exxon, Shell, Chevron, ConocoPhillips and BP — as well as the American Petroleum Institute industry trade group — have continued their deception to today, promoting themselves as “green” with small investments in alternative fuels, while primarily investing in fossil fuel products.
It seeks to create a fund that oil companies would pay into to help the state recover from extreme weather events and prepare for further effects of climate change. It argues that California has already spent tens of billions of dollars on responding to climate change, with costs expected to rise significantly.
“The companies that have polluted our air, choked our skies with smoke, wreaked havoc on our water cycle, and contaminated our lands must be made to mitigate the harms they have brought upon the State,” the suit says.
Shell and API said the question of how to address climate change should be dealt with in the policy arena.
“We do not believe the courtroom is the right venue to address climate change, but that smart policy from government and action from all sectors is the appropriate way to reach solutions and drive progress,” Shell spokesperson Anna Arata said in an email.
“This ongoing, coordinated campaign to wage meritless, politicized lawsuits against a foundational American industry and its workers is nothing more than a distraction from important national conversations and an enormous waste of California taxpayer resources,” API Senior Vice President and General Counsel Ryan Meyers said in a statement. “Climate policy is for Congress to debate and decide, not the court system.”
California’s legal action joins dozens of similar lawsuits brought by seven other states and many municipalities seeking to hold major polluters accountable for allegedly lying about their role in causing climate change.
Sunday, September 17, 2023
Unionized, Ionized, And Galvanized
NY Times business reporter Jack Ewing figures that targeted walkout by UAW members over pay and conditions in the Big Three automakers are really the fight over whether or not the auto industry can survive against Tesla and foreign, non-union automakers like Hyundai and still stay in business after converting gas-guzzling fleets to electric vehicles.
Nearly 13,000 U.A.W. workers walked off the job at three plants in Ohio, Michigan and Missouri on Friday after talks between the unions and the companies in three separate negotiations failed to result in agreements before a Thursday deadline. Pay is one of the biggest sticking points: The union is demanding a 40 percent pay increase over four years but the automakers have offered roughly half as much.
But the talks are about more than pay. Workers are trying to defend jobs as manufacturing shifts from internal combustion engines to batteries. Because they have fewer parts, electric cars can be made with fewer workers than gasoline vehicles. A favorable outcome for the U.A.W. would also give the union a strong calling card if, as some expect, it then tries to organize employees at Tesla and other nonunion carmakers like Hyundai, which is planning to manufacture electric vehicles at a massive new factory in Georgia.
“The transition to E.V.s is dominating every bit of this discussion,” said John Casesa, senior managing director at the investment firm Guggenheim Partners who previously headed strategy at Ford Motor.
“It's unspoken,” Mr. Casesa added. “But really, it’s all about positioning the union to have a central role in the new electric industry.”
Under pressure from government officials and changing consumer demand, Ford, G.M. and Stellantis are investing billions to retool their sprawling operations to build electric vehicles, which are critical to addressing climate change. But they are making little if any profit on those vehicles while Tesla, which dominates electric car sales, is profitable and growing fast.
Ford said in July that its electric vehicle business would lose $4.5 billion this year. If the union got all the increases in pay, pensions and other benefits it is seeking, the company said, its workers’ total compensation would be twice as much as Tesla’s employees.
Union demands would force Ford to scrap its investments in electric vehicles, Jim Farley, the company’s chief executive, said in an interview on Friday. “We want to actually have a conversation about a sustainable future,” he said, “not one that forces us to choose between going out of business and rewarding our workers.”
For workers, the biggest concern is that electric vehicles have far fewer parts than gasoline models and will render many jobs obsolete. Plants that make mufflers, catalytic converters, fuel injectors and other components that electric cars don’t need will have to be overhauled or shut down.
Many new battery and electric vehicle factories are springing up and could employ workers from the plants that have shut down. But automakers are building most aggressively in the South where labor laws are tilted against union organizers, rather than in the Midwest, where the U.A.W. has more clout. One of the union’s demands is that workers in the new factories be covered by the automakers’ national labor contracts — a demand that the automakers have said they can’t meet because those plants are owned by joint ventures. The union also wants to regain the right to strike to block plant shutdowns.
“We are at the dawn of another industrial revolution and the way we’re going is the way we went in the last industrial revolution — a lot of profit for a few and misery and not good jobs for the many,” said Madeline Janis, executive director of Jobs to Move America, an advocacy group that works closely with the U.A.W. and other unions.
“The U.A.W. is really taking a stand for communities across the country to make sure this transition benefits everybody,” Ms. Janis added.
Automakers have been racking up record profits during the last decade, but they cannot afford to lose time from work stoppages in their race to compete with Tesla and foreign automakers.
Monday, September 4, 2023
Burnout, Paradise
Tens of thousands of people attending the Burning Man festival in the Nevada desert are being told to conserve food, water and fuel as they shelter in place in the Black Rock Desert after a heavy rainstorm pummeled the area, festival organizers said.
Attendees saw their campsites transformed by thick, ankle-deep mud and organizers halted vehicles from traveling in or out of the festival after heavy rains started saturating the area Friday evening. Some festival-goers hiked miles to reach main roads while others hoped storms forecast to hit the area overnight wouldn’t worsen conditions.
Hannah Burhorn, a first-time attendee at the festival, told CNN in a phone interview Saturday the desert sand has turned into thick clay and puddles and mud are everywhere. People are wrapping trash bags and Ziploc bags around their shoes to avoid getting stuck, while others are walking around barefoot.
“It’s unavoidable at this point,” she said. “It’s in the bed of the truck, inside the truck. People who have tried to bike through it and have gotten stuck because it’s about ankle deep.”
The gate and airport into Black Rock City, a remote area in northwest Nevada, remain closed and no driving is allowed into or out of the city except for emergency vehicles, the organizers said on X, the social media platform formerly known as Twitter.
“Do not travel to Black Rock City! Access to the city is closed for the remainder of the event, and you will be turned around,” one statement read.
More than 70,000 people attend the weeklong event annually, which this year is being held from August 28 to September 4. It’s unclear how many of those were stranded due to the weather.
The city is expecting more showers overnight on Saturday, organizers said in a weather forecast update. The National Weather Service said showers and thunderstorms are expected to return Saturday evening and continue throughout Sunday, with temperatures ranging from highs in the 70s to a low overnight of 49 degrees. Labor Day, on Monday when the event is scheduled to end, forecasts show the area will heat up and dry out with clear skis and a high of 75 degrees.
Rainfall reports from the National Weather Service suggest up to 0.8 inches of rain fell in the area from Friday morning through Saturday morning – approximately two to three months of rainfall for that location this time of year. Even small rainfall totals can lead to flooding in the dry Nevada desert.
Flood watches were in effect in northeast Nevada, to the east of Black Rock City. Those watches noted individual storms were producing up to one inch of rainfall, but higher totals — as much as 3 inches — would be possible through the weekend.
Monday, August 14, 2023
Last Call For Climate Of Destruction, Con't
This legal victory on climate change in Montana will go up in flames like, well, a Montana wildfire.
In the first ruling of its kind nationwide, a Montana state court decided Monday in favor of young people who alleged the state violated their right to a “clean and healthful environment” by promoting the use of fossil fuels.
The court determined that a provision in the Montana Environmental Policy Act has harmed the state’s environment and the young plaintiffs, by preventing Montana from considering the climate impacts of energy projects. The provision is accordingly unconstitutional, the court said.
The win, experts say, could energize the environmental movement and reshape climate litigation across the country, ushering in a wave of cases aimed at advancing action on climate change.
“People around the world are watching this case,” said Michael Gerrard, the founder of Columbia’s Sabin Center for Climate Change Law.
The ruling represents a rare victory for climate activists who have tried to use the courts to push back against government policies and industrial activities they say are harming the planet. In this case, it involved 16 young Montanans, ranging in age from 5 to 22, who brought the nation’s first constitutional and first youth-led climate lawsuit to go to trial.
Though the cumulative number of climate cases around the world has more than doubled in the last five years, youth-led lawsuits in the United States have faced an uphill battle. Already, at least 14 of these cases have been dismissed, according to a July report from the United Nations Environment Program and the Sabin Center. The report said about three-quarters of the approximately 2,200 ongoing or concluded cases were filed before courts in the United States.
Experts said the Montana youth had an advantage in the state’s constitution, which guarantees a right to a “clean and healthful environment.”
Coal is critical to the state’s economy, and Montana is home to the largest recoverable coal reserves in the country. The plaintiff’s attorneys say the state has never denied a permit for a fossil fuel project.
Across five days of emotional testimony in June, the youths made claims about injuries they have suffered as a result of climate change. A 15-year-old with asthma described himself as “a prisoner in my own home” when isolating with covid during a period of intense wildfire smoke. Rikki Held, the 22-year-old plaintiff for whom the lawsuit is named, detailed how extreme weather has hurt her family’s ranch.
Held testified that a favorable judgment would make her more hopeful for the future. “I know that climate change is a global issue, but Montana has to take responsibility for our part in that,” she said.
Attorneys for the state countered that Montana’s contribution to global greenhouse gas emissions is small. If the law in question were altered or overturned, Montana Assistant Attorney General Michael Russell said, there would be “no meaningful impact or appreciable effect” on the climate.
The state began and rested its defense on the same day, bringing the trial to an unexpectedly early close on June 20. In a pivot from its expected defense disputing the climate science behind the plaintiffs’ case, the state focused instead on arguing that the legislature should weigh in on the contested law, not the judiciary.
Russell derided the case in his closing statement as a “week-long airing of political grievances that properly belong in the Legislature, not a court of law.”
Gerrard said the change in strategy came as a surprise: “Everyone expected them to put on a more vigorous defense,” he said. “And they may have concluded that the underlying science of climate change was so strong that they didn’t want to contest it.”
Sunday, August 13, 2023
Sunday Long Read: Bee Not Afraid
There is a bee twiddling its legs on the moonlit dashboard of Bill Crawford’s pickup. I tell him we’ve got a straggler before it crawls under a stack of stained papers. There are roughly 4 million more in the back. He is not even slightly concerned.
“There’s probably bees all over. Inside the truck, outside the truck,” he says, eyes scanning the dim country road ahead. “You’re just as liable to get stung in here as you are outside.”
Crawford is a bee man. More than once, he refers to what we’re doing—driving a load of 80 honeybee colonies from western Massachusetts to a wild blueberry farm in central New Hampshire—as “haulin’ bees.” He is active behind the wheel, but he is not gung-ho. When the road bends, he slows down. On the highway he drives the speed limit.
“One thing that’s different haulin’ bees,” he cautions, “you got a higher center of gravity, so you don’t really want to take too tight of turns.”
The truck is a white Ford F-150 with the printed image of a smiling, anthropomorphic bee on the side and more than 171,000 miles on the odometer. The floors are coated in dried mud. Crawford drinks a Cherry Coke and owns both a flip phone and iPad.
He transports his bees at night so that none of them flutter away. They fly only in the daylight, but Crawford still covers the entire load with one big plastic tarp, fastening it with wooden planks and cargo straps. They are stored for most of the year in one of his beeyards near Springfield. When Crawford readies the bees for transport, it looks like some brand of outlandish NASA training: He and his staff, clad in full, graying bee suits, stack hives that resemble office cabinets from a forklift amid a cloud of soothing smoke and darting yellow fuzz.
He considers the North American black bear to be his sworn enemy. Each of his bee hubs is surrounded by electric fences. In total, Crawford owns around 3,200 colonies, equivalent to upward of 150 million bees. He is one of thousands of commercial migratory beekeepers in the United States. They are the phantom backbone of our agricultural system: The bees pollinate the crops; the beekeepers shuttle them from field to field, coast to coast.
They directly contribute to a third of America’s food: apples, peaches, lettuce, squashes, melons, broccoli, cranberries, tree nuts, blueberries, blackberries, strawberries, plums, clementines, tangerines, sunflowers, pumpkins, alfalfa for your beef, and guar for your processed foods. Ninety-eight percent of organic vitamin C sources, 70 percent of vitamin A, and 74 percent of lipids; $17 billion worth of crops annually from honeybee pollination alone. The demand for their services has tripled in the past 50 years and shows no signs of abating.
The problem is they die. You have probably heard this. The number of colonies in the U.S.—2.7 million—is less than half what it was at the midpoint of the 20th century, and it has remained flat since the early 2000s. Virtually every year for the past two decades, U.S. beekeepers are tasked with replacing the third or more of their stock that perish after pollinating the very crops that required the bees in the first place. It is a shell game with titanic stakes. (In other words, it’s very American.) It works how it works because we made it to. This you may not have heard.
The bee-industrial complex is a quagmire linked to antiquity and the modern world. People have harnessed bees for about as long as they’ve harnessed anything at all. They are mentioned in the ancient cuneiform writings of Sumeria and Babylonia. They were domesticated for the Egyptian pharaohs by 2400 BCE. Early Roman naturalists recorded witnessing villages in northern Italy where “they place their hives on ships and take them during the night about five miles up the river” to access new fields of flowers.
Thursday, August 10, 2023
Last Call For The Manchin On The Hill, Con't
Sen. Joe Manchin, in an interview with a West Virginia radio station, said Thursday that he has “absolutely” thought about becoming an independent, one of his strongest statements yet in his flirtation with exiting the Democratic Party.
After criticizing the Biden's administration’s implementation of the Inflation Reduction Act, which he helped write, and slamming President Joe Biden for “playing” to the Democratic base, Manchin said he has considered leaving the party.
“I want to be able to speak honestly about, basically, the extremes of the Democrat and Republican Party that is harming our nation,” Manchin told host Hoppy Kercheval.
The three-term senator has kept his political plans close to the vest, dodging questions from reporters and pledging to announce a decision on his political future at the end of the year. He has not ruled out running for president in 2024, including a third-party run with the No Labels organization.
At the same time, Manchin is up for re-election in 2024 and he's kept a close eye on the Republicans seeking to flip it from blue to red in a state former President Donald Trump won by nearly 40 percentage points in 2020.
Elected to the Senate in 2010, Manchin is the last Democrat to win a statewide race in West Virginia, following his re-election in 2018.
“I’m thinking seriously what’s best for me, I have to have peace of mind basically,” Manchin said in the interview Thursday about becoming an independent, “I’ve been thinking about that for quite some time."
Tuesday, August 8, 2023
Fusion News You Can Use
A group of U.S. scientists say they have repeated their landmark energy feat — a nuclear fusion reaction that produces more energy than is put into it. But this time, they say the experiment produced an even higher energy yield than one in December that got international attention for making a major step forward toward the long elusive goal of producing energy through fusion.
This second achievement by researchers at the federal Lawrence Livermore National Laboratory in California is another crucial step — albeit in a journey that may still take decades to complete — in the quest for an unlimited source of cheap and clean power. The successful effort was initially reported by the Financial Times on Sunday.
“We have continued to perform experiments to study this exciting new scientific regime. In an experiment conducted on July 30, we repeated ignition at (the National Ignition Facility),” Paul Rhien, a spokesman for the federal laboratory, said in a emailed statement. “Analysis of those results is underway, but we can confirm the experiment produced a higher yield than the December test.”
Rhien said the lab “won’t be discussing further details” of the July experiment until after more analysis. But the team plans to “share the results at scientific conferences and peer-reviewed publications as part of our normal process for communicating scientific results.”
Wednesday, August 2, 2023
Last Call For Incandescent With Rage
Under new energy efficiency rules that took effect Tuesday, shoppers in the United States will no longer be able to purchase most incandescent bulbs, marking the demise of a technology patented by Thomas Edison in the late 1800s.
Taking their place are LED lights, which — love them or hate them — have already transformed America’s energy landscape.
They’ve driven down electricity demand in American homes, saving people money. And by using less power, LEDs have also helped lower the nation’s emissions of greenhouse gases, which warm the planet and are a major cause of climate change. (LED stands for light emitting diodes.)
The new efficiency standard announced by the Biden administration requires light bulbs to meet a minimum standard of producing 45 lumens per watt. (A lumen is a measurement of brightness, and incandescents typically produce far less than that per watt.) An accompanying rule change applies the new standards to a wider universe of light bulbs.
Neither rule is an explicit ban on incandescents. And a few specialized kinds of incandescent bulbs — like those that go inside ovens, and bug lights — are exempt. But most if not all other incandescents will struggle to meet the new efficiency standards, and the same goes for a more recent generation of halogen lights.
“Energy-efficient lighting is the big energy story that nobody is talking about,” said Lucas Davis, an energy economist at the Haas School of Business, part of the University of California, Berkeley. “Going from an incandescent to an LED is like replacing a car that gets 25 miles per gallon with another one that gets 130 m.p.g.,” he said.
With the new rules in place, the Department of Energy expects Americans to collectively save nearly $3 billion a year on their utility bills. In the past, a knock on LEDs was that they were more expensive to buy, but prices for LED bulbs have fallen rapidly to near parity with incandescents.
The cost savings could come as a boost particularly to lower-income households, which spend a larger proportion of their income on utilities. Research has shown that retailers in poorer neighborhoods had also been among the slowest to phase out energy-guzzling bulbs.
Over the next three decades, the rules will also cut carbon dioxide emissions by 222 million metric tons the Energy Department said, which it compared to the emissions from 28 million homes in one year.
LEDs have other advantages. Consumers can expect less running to the store for new bulbs or teetering on foot ladders to replace them: LED light bulbs last 25 to 50 times longer than their incandescent counterparts.
The new regulations may go over with little fanfare. Over the past year, most retailers have taken inefficient bulbs off their shelves in anticipation of the rule, said Andrew deLaski, executive director of the Appliance Standards Awareness Project, which advocates for appliance efficiency rules.
“I don’t think most people even noticed,” he said.