Dec

6

Here’s the header:

New EIA Outlook Reflects Energy Market Shift towards Nuclear, Biofuels, Coal-to-Liquids, and Accelerated Efficiency Improvements.

But …

Despite the projected rapid growth of biofuels and other non-hydroelectric renewable energies and the expectation of the first new orders for nuclear power plants in over 25 years, oil, coal, and natural gas are nonetheless projected to provide roughly the same 86 percent share of the total U.S. primary energy supply in 2030 as they did in 2005 absent changes in existing laws and regulations.

And in Julian Simonesque fashion, prices will be very much the same in 2030 as they are now. For just about all forms of energy except natural gas which will be cheaper.

An interesting read with the only disturbing factor being the number of times the EIA must qualify its predictions with the potential impact of “Possible future changes in energy or environmental policies…”

Along those lines, the Senate today pulled the bill meant to make more of the Gulf available to oil and gas companies — largely as August members being hammered by the Greens lost their nerve. And, my wife tells me, Mr. Green himself, the man who would president if he could have carried his own state, Al Gore, is spouting off on Oprah’s daily piece of puff.

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