If Libya covered just 0.1% of its land mass with solar panels, it could generate around five times the amount of energy from solar power that it currently produces in crude oil according to research published in the journal Renewable Energy. Libya is the 16th largest country in the world in terms of land mass according to OPEC.org. Its economy depends primarily on revenues from the oil sector, … [continued]
The recently much touted alternative “energy only” bill would not cost fossil industries, but instead would cost taxpayers $13.9 billion a year, according to this scoring by the bipartisan Congressional Budget Office – that has been gathering dust since September. This failing grade from the CBO has received no publicity … [continued]
Auction revenues from cap and trade would be deposited into 10 new funds established by the legislation. Spending from those funds would not require any further appropriation action (read: filibuster!) CBO’s estimate of direct spending by these ten funds during the first ten years includes:
