Fossil fuel age just died
Coal, oil and gas are dead, dead, dead. Wall Street is writing them off. Globalists are having a worldwide garage sale on oil and gas. They can’t give coal away.
March 31, 2016, an African American, 44-year-old multi-billionaire announced to the world the formula for capturing solar energy and storing it in lithium ion batteries for far less money than using fossil fuels.
In 2017 he and his former partner, Peter Theil of Silicon Valley, sat at the right hand of incoming President Donald Trump advising him of matters energy and American job creation.
Today he is constructing a 10 million square foot building in Sparks, Nevada. It is currently displacing several hundred thousand barrels of oil daily. Every day! Year round! When finished and fully operational, year after next, it will displace 1.8 million barrels per day.
He has stated plans to build at least one, and perhaps two, more in the U.S. as well as several in Europe. China has said thank you very much and yes we will build at least six of these in China.
This first facility, called a gigafactory, cost $5 billion. The global use of fossil fuels is 90+ million barrels of oil per day (mbd).
Here is Wall Street’s view. Simply maintaining fossil fuels, and its infrastructure, would cost $4 trillion between now and 2030. That assumes everything remains as today.
A 1.8 mbd equivalent new lithium ion factory can be built for no more than $5 billion. That is approximately 2 percent of the global energy demand for $5 billion.
International investors are scrambling to replicate this new formula. So, if 2 percent of global energy now costs only $5 billion, then 100 percent would cost 50 times or $5 billion. That is $250 billion versus 16 times that ($4 trillion) for fossil fuels.
Wall Street, whether in New York, London, Hong Kong, Beijing, etc. is focusing on getting out of new long-term fossil fuel commitments. Oil has fallen from $140 to less than half that now and is projected to fall another 50 percent before 2025. Only the world’s least costly oil is predicted to have any market at all by 2030. At that time virtually all new motors will be electric, having replaced internal combustion engines (ICE). There will still be millions of legacy ICE machines needing fossil fuels.
Bankers now realize our revolutionist, yes, Elon Musk, has broken the code. Born and raised in South Africa, Musk emigrated to college in Canada before settling in America’s Silicon Valley. There he teamed up with Theil, and others, to form Pay Pal. Musk’s 11 percent share netted him $180 million which he used to start Space X and fund Tesla. Today you can walk into a Tesla store and buy the world’s most efficient solar panels for your roof, with a lithium ion battery pack to energize both your whole house and your Tesla car on cloudy days — without ever using a pint of fossil fuels.
By the way, enough solar energy falls on Earth every day to fill the power needs of all 7 billion humans for the next 36,000 years. Musk’s new low-cost batteries have changed everything forever.
Alternatives to Violence Project volunteers needed
The Alaska Training Cooperative and Hands of Peace is about to co-present a Basic Level, Alternatives to Violence Project Workshop April 27-29, in Homer. It’s three days of experiential exercises that develop community and communication skills while providing great practice in resolving conflicts.
Plus it’s fun, and there’s snacks.
I’ve had such a profound experience with Alternatives to Violence Project (AVP), I can’t help but promote it. Currently, AVP in Alaska is looking for volunteers to facilitate workshops in Wildwood Correctional Facility in Kenai and Spring Creek Correctional Center in Seward. Taking the Basic level workshop later this month in Homer is the first step toward becoming a facilitator.
AVP helps inmates develop effective coping and interpersonal skills. When participants experience safety in a group, they drop their defenses and are left with their humanity, enabling them to connect with others in an honest, caring way. This is transforming.
My own experience of being a team facilitator in the prison this past year has been the most rewarding work I’ve done in my life. I encourage you to see if it’s a good fit for you, too, especially if you like to laugh and share stories.
To register or get more information about the April workshop in Homer, contact Lisa Cauble, AKTC Support, at 907-264-6244, or email@example.com; and for more information, or Karen Cauble at 907-235-3832.
Kate Rich, Alternatives to Violence Project team facilitator
Hands of Peace, Alaska
Hospital boundary change is wrong
I am writing to say I oppose Kenai Peninsula Borough Assembly member Dale Bagley’s Ordinance 2018-16 that seeks to change the boundary of the South Peninsula Hospital Service Area. I have lived in Homer since 1981, and after working in Bristol Bay, the two criteria I had in selecting a new home was, it had to be on the road system and it had to have a hospital.
Over the last few decades, the services provided at South Peninsula Hospital have grown and improved. A quality hospital is an asset people look at when choosing where to live. The borough hospital service areas have been in place for a long time and the town sites have not moved since that time. I believe it is the job of the Assembly to make sure the services provided throughout the borough work for all of us. It seems divisive to suggest that some taxpayers could pay less if they vote to be part of one hospital service area at the expense of another.
The function of the Assembly is to improve the quality of life for all residents of the borough. You do this in part by maintaining and improving infrastructure including hospital services. All residents of the borough need access to quality health care and emergency services. Shrinking the SPH service area boundary will negatively impact the services available at South Peninsula Hospital due to a reduction in revenue. I do not see how the Assembly can think that is beneficial to any of the residents of the borough.
Lynn Takeoka Spence
Pebble Mine could affect Homer, too
The prospect of a mega-mine in the headwaters of the last pristine salmon run in the world is appalling. But now that the permitting process has launched, it is important to put at least some measure of focus on the mine’s possible effects on Homer. Should it actually be built, the city could become a supply depot for mine construction and perhaps afterward during its production phase. Area residents should be asking a lot of questions and thinking seriously about the potential impacts to their economy, the environment, and the social fabric of the community.
The City of Homer has been planning for an expansion of the harbor for several years, irrespective of the Pebble Project. Indeed, the mine looked dead until the change of administrations in Washington, D. C., last year. Draft expansion designs anticipate accommodating 40 to 60 additional large commercial fishing vessels, work boats, landing craft, tugs and the like. It is an ambitious plan with a current price tag of over $124 million. What would it mean to the project if mine officials choose to use Homer as a supply hub? Who’d benefit? Who’d be hurt?
What stresses would the mine place on Homer’s robust fishing industry should a serious, and altogether likely pollution incident damage the Bristol Bay salmon brand, or Cook Inlet’s, for that matter? The fact is, the mere existence of the mine conceivably could accomplish brand damage even without a toxic leak or spill.
Would increased commercial activity change the Spit forever? What about increased truck traffic on the Sterling Highway, the likely strains an influx of workers will have on Homer-area housing and housing prices, the possible increase to school populations, and stresses on hospitals, clinics and social safety net agencies?
Then there is the dredging necessary for the proposed port at Amakdedori. How would that element of the overall project impact Homer’s vibrant tourism industry? Will port activity affect wildlife in and around the McNeil River Game Range or disturb the bears that attract thousands of tourists each year?
Today, there are no answers or even educated guesses, and that’s a problem. Speculation is fine, but the community needs facts. It will require the attention of everyone to find them.
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