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As we enter summer, the hot-button energy discussions have turned from cap and
trade to stimulus and renewables. Renewable technologies offer a real promise
for the future and will ensure that we have alternatives to hydrocarbon-based
fuels. But renewables are still in their infancy, opening up questions not
only about their status but about their reliability. Recently our secretary
of the interior made several statements regarding offshore wind that need closer
examination.
Can we really generate massive amounts of energy with current technology in
the deepwater off the East Coast? The answer is … well, we aren’t really sure.
The debate around wind energy needs to be focused on the reality of wind technology,
which means we need to get serious, ditch the rhetoric and understand the facts
behind the hype. In this month’s cover story, “The Answer Ain’t Blowin’ in
the Wind (Yet),” we look at the offshore wind capacity, Cape Wind and other
details circulating around this timely topic.
Also this month, as the price of natural gas has continued to drop and the
industry has been pulling back and putting projects on hold, one industry veteran
warns that as an industry we must continue to drill or we will see a snap back
in price that could really hurt us. Michael J. Newport’s article is a must-read
for anyone concerned about domestic energy supply. As Michael points out, U.S.
complacency over oil prices is leading to a wake-up call of serious proportions.
June’s North America spotlight focuses on a contentious three-way battle for
Virginia’s Democratic gubernatorial nomination and how each contender’s energy
platform serves as a dig to his opponents’. Also, take a look at how embattled
Michigan hopes to reinvent its economy by recasting autoworkers as energy technicians.
Our Latin America spotlight begins with Mexico, where the declining oil production
gets a rebound prediction, albeit one that will not take effect until 2015.
Realistic or optimistic? Meanwhile, Venezuela continues to conduct strong-arm
“negotiations” with PDVSA service providers – and the country is not making
any new friends by seizing the assets of some 60 service companies.
Energy and politics. They have always been connected in some way, but these
days you simply cannot discuss one without invoking the other. Old-fashioned
party loyalty has devolved into mutual distrust that stretches from Capitol
Hill to Main Street. With Democrats and Republicans at each other’s throats
on virtually every social issue, will we see a time when Americans will pull
together to realize a sustainable energy future?
Richard R. Loomis
Editor-in-Chief
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