Monday, December 24, 2012

Merry Fossil Fueled Christmas!

Anyone who tells you that energy independence can be achieved based on globally traded commodities such as oil, coal and natural gas is either trying to mislead you or doesn't understand the structure of energy markets. As of 2011 fossil fuels produced 83 percent of the world's energy according to the U.S. Energy Information Administration (EIA). Because fossil fuels can be transported anywhere in the world, producers seek out the highest price unless they are constrained by law or infrastructure from doing so. This means that energy independence for a country is something of an optical illusion when it is based merely on the domestic production of fossil fuels. Kurt Cobb
Unfortunately our Christmas gifts are not brought to us by reindeer

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