Comments on: Coal-Sponsored CNN Promotes Climate Killer Coal Technology http://wonkroom.thinkprogress.org/2008/04/15/coal-cnn-velshi/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: topdedcntr http://wonkroom.thinkprogress.org/2008/04/15/coal-cnn-velshi/comment-page-1/#comment-648 topdedcntr Wed, 16 Apr 2008 02:48:35 +0000 http://thinkprogress.org/wonkroom/2008/04/15/coal-cnn-velshi/#comment-648 I am not sure how you can say that CNN is promoting Coal Technology. CNN is making money off every possible solution to the undebated climate change; whether it is Al Gore's patents that get the money or coal technology or any other idea that we should be pursuing if for no other reason then to end the unending wars for oil. I personally don't believe we could possibly know enough to understand every possible scientific reason for global warming to claim the debate is over, let alone "fix" the problems. The real agenda is to create a global cause that needs global governance and therefore a global tax...woohoo gives us more money we will fix your problems. open your eyes. The day i see Al Gore give up his cozy mansion and live off the earth without impact is the day I will fully believe that the motivation is something other than financially based...I saw a beyond tomorrow program the other day that showed some nice fully contained living pods...900 square feet and with all the amenities, he should love the reduction of his human footprint. I am fully behind alternative energy, all forms that will end our petroleum dependence and make the air a little nicer to breath. I am not sure how you can say that CNN is promoting Coal Technology. CNN is making money off every possible solution to the undebated climate change; whether it is Al Gore’s patents that get the money or coal technology or any other idea that we should be pursuing if for no other reason then to end the unending wars for oil. I personally don’t believe we could possibly know enough to understand every possible scientific reason for global warming to claim the debate is over, let alone “fix” the problems. The real agenda is to create a global cause that needs global governance and therefore a global tax…woohoo gives us more money we will fix your problems. open your eyes.

The day i see Al Gore give up his cozy mansion and live off the earth without impact is the day I will fully believe that the motivation is something other than financially based…I saw a beyond tomorrow program the other day that showed some nice fully contained living pods…900 square feet and with all the amenities, he should love the reduction of his human footprint.

I am fully behind alternative energy, all forms that will end our petroleum dependence and make the air a little nicer to breath.

]]> By: fletc3her http://wonkroom.thinkprogress.org/2008/04/15/coal-cnn-velshi/comment-page-1/#comment-646 fletc3her Tue, 15 Apr 2008 18:14:30 +0000 http://thinkprogress.org/wonkroom/2008/04/15/coal-cnn-velshi/#comment-646 It almost seems daft to ask "why" gasoline and oil prices are so high right now. Or more pertinently, why nobody in a position of power wants to do anything about the high energy prices. The oil companies and foreign powers are raking in record profits. We don't need to cast about too long looking for who benefits. However, this story does present an interesting angle. One side benefit of energy prices being so high is that all these novel methods of extracting oil are now cost efficient for the oil companies. Many fields that could not be exploited while oil was less than $50/barrel are now financially viable. I wonder if by pouring money into these expensive oil fields the oil companies are structurally changing the market. Oil will simply never be allowed to drop back to its pre-war prices because doing so would mean that a great many investments in these oil fields would be lost. OPEC would willingly go along with a new floor for oil prices that ensures these investments pay out since they are able to rake in record profits and there is no sign of demand going down. It almost seems daft to ask “why” gasoline and oil prices are so high right now. Or more pertinently, why nobody in a position of power wants to do anything about the high energy prices. The oil companies and foreign powers are raking in record profits. We don’t need to cast about too long looking for who benefits.

However, this story does present an interesting angle. One side benefit of energy prices being so high is that all these novel methods of extracting oil are now cost efficient for the oil companies. Many fields that could not be exploited while oil was less than $50/barrel are now financially viable.

I wonder if by pouring money into these expensive oil fields the oil companies are structurally changing the market. Oil will simply never be allowed to drop back to its pre-war prices because doing so would mean that a great many investments in these oil fields would be lost.

OPEC would willingly go along with a new floor for oil prices that ensures these investments pay out since they are able to rake in record profits and there is no sign of demand going down.

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