Prénom de l'expert

William C.

Nom de l'expert

RAMSAY

President Obama has made clear that in the 2012 election, he intends to defend his record on energy from the middle.

Ever give a thought to how much water there is in your cup of tea? I know the volume in the cup is about 8 ounces - but it is hot - hopefully around 100 degrees Celsius or 212 Farenheit. So you had to heat it up one way or another to make tea.

One benefit that should flow soon from large new sources of shale gas that have been and will be unleashed into world markets - is the realization that gas prices linked to oil prices don’t make sense any more.

Community officials and heads of EU states and governments will meet this Friday February 4, 2011, at a Council called by President Herman VAN ROMPUY, to address energy security. There are many critical topics that could be on the table, but there is some considerable risk that the events in Lebanon, Yemen, Egypt, Tunisia and now Jordan could hijack the agenda. That would be unfortunate, as the problems in those countries are precisely why the Council should stay focused on energy and the growing European vulnerability to what happens in world energy markets.

Last week the gritty Russian/Ukrainian gas relationship was back in the press. This time the issue appeared to be Ukraine’s efforts to secure lower prices for its consumers - perhaps even on a par with Russia’s domestic consumers. The Ukrainians must surely know that to qualify for those kinds of special prices available previously only to politically compliant neighbors - Ukraine would have to return to some form of pre-Orange Revolution relationship with Mother Russia.

Thank goodness our early warning systems during the cold war were not structured so we could see the flash at the same time we heard the warning. On Monday, the Russians notified the Europeans under an “Early Warning” agreement negotiated after the last Ukrainian gas cutoff that they had already cut gas flows to Belarus by 15% and that would increase cuts to 85% by the end of the week. Not very good news for the Belarusians who enjoy the most gasified economy in the world - everything there runs on gas.

European subsidies for wind energy are too high and unspecific. They risk frustrating their own objective.

Why do we have to drill through a mile of water and then three miles of rock to get oil? Surely there are better options in the world’s geologic resource base than deep, acidic, high pressure deposits that threaten the waters and coasts of the Gulf of Mexico, Gulf of Guinea, Campos Basin, Barents Sea and the Caspian. Most of this is oil that got deposited even before continental drift started.

Pundits argue that the BP accident in the US Gulf is a final nail in the coffin of President Obama’s energy and environment legislation. They conclude that American energy and environment policy will be left in disarray with little hope for key decisions before the crucial Cancun climate change talks.