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[Comments for RealClimate] Thin Soup and a Thin Story | RealClimate: “UH oceanographers Robert Bidigare, director of the Center for Marine Microbial Ecology and Diversity (CMMED), and Dave Karl, director of the Center for Microbial Oceanography: Research and Education (C-MORE) are among the co-authors of a paper in the journal Science showing that carbon dioxide does not always sink to the ocean depths where it can be stored. Instead, the study says, sinking particles of carbon are often consumed by animals and bacteria in an area known as the twilight zone � about 300 to 3,000 feet below the surface � questioning the ocean’s potential impact on greenhouse gases implicated in global climate change.”

[Bill Cara] Bill Cara: Bill Cara's Community Chat, Fri., Aug. 1, 2008, 7:33am ET: But in 2010, Maxwell said, the shortfall will become greater than can be made up by what’s still in inventory, and thus will begin a long period of global oil scarcity that will get worse starting in 2012 or 2013, which is when Maxwell foresees a “peak” in conventional oil production. It gets even worse in 2015, which is when he expects a peak in the production of all liquids, a category that includes condensates, tar sands oil and biodiesel.

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | Has Peak Oil--As a Meme--"Tipped"? (Out of Futures ...: That would lead to buyers being willing to pay whatever necessary to convince sellers (producers) to sell, and would argue for contango (as I think we're seeing now). Conversely, if there isn't much consumer demand to hedge, compared to the need of producers to lock in prices to justify the financing of a long-term project, then producers would be willing to sell long-dated futures at a discount (say company X needs to sell oil at $120/barrel over the next 5 years to justify a new project, it may be willing to sell futures at $122 or $123 when the spot price is $126).

[GM-VOLT : Chevy Volt Electric Car Site] GM Exec: Chevy Volt Program Unaffected by Bankruptcy | GM-VOLT ...: If there is a GM in late 2010, and if they have started production of the Volt, and if there is a local Chevy dealership in my area, and if they have a Volt for sale, and if the car is still priced so I can afford it, and if the car works as promised, and if it has a workable warranty, and most importantly, if the Volt is sky blue metallic with a black center console, then I will plunk down the cash to buy it!!!

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | DrumBeat: June 9, 2009: According to IHS Cambridge Energy Research Associates, an energy consultancy, the cost of building new refining and petrochemical plants fell 9 percent between the third quarter of 2008 and the second quarter of 2009, after years of steady increases.

[Comments for RealClimate] RealClimate: Because significant air-to-air net radiant energy transfer depends both on sufficient absorption and emission within the air and on sufficient transmission across distances over significant temperature variations, net air-to-air radiant energy transfer tends to occur most in wavelength intervals of moderate or intermediate opacity. Once the central portion of the CO2 band is sufficiently saturated (so there is little air-to-air net transfer near 15 microns), the interval of intermediate opacities shifts position in the spectrum but does not change size much, so increasing CO2 beyond the point of significant saturation near 15 microns does not have much affect on net air-to-air radiant energy tranfers.

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | Peak Oil - Whom to Believe? Part One - "There's ...: Yergin refers to the “IEA emergency sharing system” ”Since the system’s inception in the 1970s, a coordinated emergency drawdown of strategic stockpiles has occurred only twice: on the eve of the Gulf War in 1991 and in the autumn of 2005 after Hurricane Katrina. (The system was also readied in anticipation of possible use before January 1, 2000, because of concerns over potential Y2K computer problems, during the shutdown of production in Venezuela in 2002-3, and in the spring of 2003, before the invasion of Iraq.) We can be sure that the creators of the IEA emergency sharing system in the 1970s never for a moment considered that it might have to be activated to blunt the effects of a disruption in the United States ””as happened in the immediate aftermath of the hurricanes.” Perhaps the word sharing should be changed to rationing.

[Charlie's Diary] Charlie's Diary: Alternative boondoggles: First, how much is it worth, the lives we've saved from Saddam's tyranny (he was killing about 100,000 a year, far more than the terrorists have managed to kill while we've been fighting them throughout Iraq), and the quality of life that we've given the Iraqi populace? Could we have matched a similar number of lives saved/quality of life improved for less money anywhere else?

[Nouriel Roubini's Global EconoMonitor] RGE - 20 Reasons Why the U.S. Consumer is Capitulating, thus ...: If all of this adjustment were to occur in 12 months GDP would contract directly by 7% and indirectly (including the further collapse of residential and corporate capex spending in a severe recession) by 10%, an exemplification of the Keynesian “paradox of thrift”. If such an adjustment were to occur over 24 months rather than 12 months you would still have negative GDP growth of 5% for two years in a row with a cumulative fall in GDP from its peak of 10% (note that in the worst US recession since WWII such cumulative fall in GDP was only 3.7% in 1957-58).

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