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View Diary: Carbon Boom and Bust? (15 comments)

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  •  who will make them keep it in the ground? (1+ / 0-)
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    Words In Action

    The oligarchy will fight that with everything they have.

    Will the legislature of the oligarchy act against the oligarchy?

    We kidnap. We torture. It's our policy. Embrace it or end it!

    by Mosquito Pilot on Mon May 06, 2013 at 05:33:11 PM PDT

    [ Parent ]

    •  Keeping Carbon in the Ground (2+ / 0-)
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      Creosote, Words In Action

      I asked the CEO of BP how he was going to deal with the necessity of keeping at least two thirds of the known resources in the ground back in the Fall during a public event at Harvard's Kennedy School of Gov.  He answered by telling me that supply was not a problem.

      A week ago, I asked the same question of a former Saudi OPEC and climate change negotiator.  He gave me basically the same answer, supply is not the problem.

      In December the chief economist of the International Energy Agency spoke at MIT.  Since the IEA 2012 World Book of Energy includes the statement that about keeping two thirds of known fossil fuel reserves, I asked him what the response of the energy corporations was.  He replied, "Disappointing."

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