Wednesday December 19th… Dear Diary. The main purpose of this ongoing post will be to track United States extreme or record temperatures related to climate change. Any reports I see of ETs will be listed below the main topic of the day. I’ll refer to extreme or record temperatures as ETs (not extraterrestrials)😊.
An Oil Glut… Good News For Consumers But Bad For The Climate
I did a double take yesterday not seeing something for years… gasoline prices slightly below two dollars a gallon at a couple of local Georgia filling stations. What great news for travelers just a few days before Christmas. Also, what a boon for economies relying on cheap energy not only here but worldwide. Well….yes, but nature will say that you can either pay me now or later with a lot more interest. I’m posting on gasoline and crude oil trends today since I feel that this news is falling through the proverbial cracks on other current climate related posts.
Technological breakthroughs of both finding new areas to drill and fracking have brought us to this point in December 2018. I’ll dub this the “FF” for the Finding and Fracking effect…You can use some other four letter word starting with the letter F for “FF.”😉 A nation addicted to oil for transportation now seeing gasoline prices at $2 a gallon, not being this low for many years, won’t have any impetus for switching to more expensive electrics. In fact, trends I’ve been spying in the automotive industry, such as the scraping of the Chevy Volt and increasing sales of larger SUVs, mirror declining fuel prices.
Here are some charts showing trends:
On the third Gas Buddy chart notice the steep decline in gasoline prices from $2.90 to about $2.37 just since early December. Some of this price lowering admittedly is due to seasonal variations because of lower fuel quality standards during cold months when ozone concerns are not in play. It’s no wonder, though, that the New York Times has come out with this article posted yesterday: https://www.nytimes.com/2018/12/18/business/energy-environment/oil-prices.html
Quoting this article:
HOUSTON — Oil prices tumbled more than 7 percent on Tuesday, falling to their lowest levels in more than a year, after investors learned that Russia and the United States were pumping a lot more oil than had been expected.
The American benchmark fell below $47 a barrel for the first time in 15 months, capping a slide that has brought prices down by more than a third since early October.
Bountiful, cheap oil supplies are an unanticipated holiday bonus for American consumers. The average price of regular gasoline has fallen to $2.37 a gallon, according to the AAA motor club, 26 cents lower than a month ago. For most of the year gasoline prices were rising, but the recent decline in oil prices has driven gasoline down by about a nickel a gallon compared with a year ago.
Oil prices had stabilized earlier this month when the Organization of the Petroleum Exporting Countries and Russia agreed to slash production by 1.2 million barrels a day. But Russia announced on Monday that its output had increased to more than 11.4 million barrels a day, a record, putting in doubt its commitment to coordinate policies with Saudi Arabia and other oil producers.
Oh, and trends for oil production globally have not stabilized at all. Keep in mind that anything drilled will eventually be put in the atmosphere. Production has more than made up for increasing demand according to EIA, the U.S. Energy Information Administration https://www.eia.gov/outlooks/steo/report/global_oil.php:
Also, think about the increase in the number of internal combustion engines( ICEs) worldwide the last few years. Here are trends on all individual vehicle ownership rates from the European Environment Agency: https://www.eea.europa.eu/data-and-maps/figures/car-ownership-rates-projections
Now think about the oil glut due to “FF” fueling those hungry engines, most of which are ICEs. This is more unfortunate news, which I don’t think my climate friends are swallowing too well, perhaps having some denial of their own. We may need to rethink how fast carbon levels will go up in the atmosphere considering low gasoline prices, no “peak oil” year looming for decades, and plenty of hungry for money petrol states like Saudi Arabia, the United States, Russia, and soon to be Brazil, basically in control of energy markets. Without some sort of worldwide control to leave petrol in the ground my bottom line message today is that the Climate War will be lost. O.k. friends, leave me messages convincing me otherwise, and I will add them to this post…please!
Here is some other climate and weather news from Wednesday:
(As usual, this will be a fluid post in which more information gets added during the day as it crosses my radar, crediting all who have put it on-line. Items will be archived on this site for posterity.)
Wildly anomalous Friday storm will create travel headaches across the eastern U.S. on Friday ! Excessively High PWAT/ deep tropical moisture)… possible record highs.. very low pressure/wind/power loss… heavy rain/flooding/coastal flooding !! pic.twitter.com/92r6OO2j4w
— Tom Moore (@TomMoorewx) December 19, 2018
— Greta Thunberg (@GretaThunberg) December 19, 2018
No one who accepts huge sums from Big Oil should EVER be allowed to opine on climate breakdown or solutions. A clear conflict of interest.
— Peter Kalmus (@ClimateHuman) December 19, 2018
The 20 warmest years on record have been in the past 22 years, with 2015-2018 making up the top 4.
— Paul Dawson on Climate Change (@PaulEDawson) December 19, 2018
Climate change is already harming Americans’ lives, from wildfires to floods, and will get worse, according to a US government report published in November. Trump’s response to the report was: “I don’t believe it.”#ActOnClimate #ClimateChange https://t.co/GKWZIXt1Uu
— Paul Dawson on Climate Change (@PaulEDawson) December 19, 2018
Here is a look at the sites with the 3 highest 2018 precipitation totals in each state across the Eastern US as of today, December 19th. pic.twitter.com/e4uHkXdYi7
— NWS Eastern Region (@NWSEastern) December 19, 2018
8 new offshore windfarms were officially opened during the year, bringing the annual total of new capacity to 2,121 MW; almost double the previous annual record of 1,154 MW in 2012. #offshorewind https://t.co/2bB8rEUcdf
— John MacAskill (@John_G_MacA) December 19, 2018
U.S. and Norwegian oil majors @Chevron and @Equinor have become the latest target of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement https://t.co/KZBYLfw8Dx
— Carbon Tracker (@CarbonBubble) December 19, 2018
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The Climate Guy