Green Options

The recent passage of the American Clean Energy and Security Act (ACESA) through the House of representatives has sparked a number of debates. Opponents and proponents of the Waxman-Markley Bill have thrown words around, trying to gain support for their side. But it isn’t just the politicians who are talking.

Alaska’s governor Sarah Palin has announced that the state of Alaska plans to sue the federal government over its decision to place beluga whales from Anchorage’s Cook Inlet on the Endangered Species List.

Palin is said to be against the decision because of the effects it may have on oil and gas developments and the expansion of the city’s port. (The area happens to be a mature oil-producing basin.)

Oil exec calls for a carbon tax, bush protects marine areas and Obama wants to double renewables - and that’s not all of it!

After a hefty long debate over offshore drilling and new energy policies, the House passed the ever unpopular Comprehensive American Energy Security & Consumer Protection Act. The bill which will open up new areas of the country to oil drilling, but it also comes with increased support for renewables. The bill - weighing in at 290 pages (PDF) -  was not formally introduced until 9:45pm on Monday night, but Pelosi had released an outline of it early last week.

“The energy bill puts us onto that path of independence by having a comprehensive legislation which is the result of a bipartisan compromise in favor of sweeping innovation solutions for America’s energy future,” said Pelosi in a press conference today. “It is imperative that we are energy independent, so we can enhance the prospect for a great future of renewables and creating good paying jobs.”

The bill passed in the House by a vote of 236-189, with ten Republican’s supporting the bill and thirteen Democrats opposing it. It includes measures to “extend the tax credits for renewables, curb energy speculation, establish a national renewable electricity standard, release 10 percent of the Strategic Petroleum Reserve, repeal subsidies to oil companies, and force oil companies to explore on the land already under lease (”use it or lose it”).” It also comes with provisions on efficiency and public transit. And there are even incentives for “clean coal.”

The act allows drilling 100 miles off the Atlantic coast and Florida’s Gulf coast, but that buffer zone could be reduced if a state’s government allows. It will also let state’s decide on whether or not to permit oil-shale development on federal lands within their borders. Here are some videos from the floor debate:

A major investigation of the Department of Interior has uncovered “a culture of ethical failure.” Over a dozen current and former employees are alleged to have violated policies including drug use, sexual relations between federal employees and oil company employees, rigging oil contracts, working part-time as oil consultants, and accepting gifts like golf and ski trips.

As a barrel of oil hovers around $130, the news has been bombarding us with the obvious effects of high oil prices. As most people weep at the pump, some environmentalists are rejoicing. Gas consumption is down, but there are additional hidden costs to high gas prices that leave even green minded folks with a frown.

1-Difficult to Extract Oil & High Environmental Impact

High oil prices are making it economically viable to utilize oil that is difficult to extract. One example of this is just north of the border.

In the U.S., our single biggest source of foreign oil is from Canada. Although this may be reassuring from a foreign policy standpoint, much of this oil comes with a steep environmental price tag. Known as tar sands oil, 2 tons of sand are needed to produce one barrel of oil in a very resource and energy intensive process.