13th Annual Congressional Renewable Energy & Energy Efficiency Expo And Forum

Posted by Brad Johnson Thu, 27 May 2010 13:30:00 GMT

In cooperation with Members of the U.S. House of Representatives and U.S. Senate Renewable Energy & Energy Efficiency Caucuses – and in partnership with the House Sustainable Energy & Environment Coalition, House High Performance Building Caucus, House Algae Energy Caucus, House Hydropower Caucus, House Green Jobs Caucus, House Hydrogen & Fuel Cell Caucus, and House Green Schools Caucus – the Sustainable Energy Coalition is hosting the day-long 13th annual Congressional Renewable Energy & Energy Efficiency Expo + Forum.

This year’s Expo will bring together 50+ businesses, sustainable energy industry trade associations, government agencies, and energy policy research organizations (see list-to-date below) to showcase the status and near-term potential of the cross-section of renewable energy (biofuels/biomass, geothermal, solar, water, wind), fuel cells, hydrogen, energy storage, smart-grid, and energy efficiency technologies (e.g., lighting, appliances, vehicles, buildings, CHP).

CONGRESSIONAL SPEAKERS

(11:00 am – 12:00 pm; Cannon Caucus Room)

Names to Be Announced

EXECUTIVE BRANCH SPEAKERS

(12:00 pm – 1:00 pm; Cannon Caucus Room)

  • Philip D. Moeller, Commissioner, Federal Energy Regulatory Commission
  • Jane Oates, Assistant Secretary for the Employment & Training Administration, U.S. Department of Labor
  • Matt Rogers, Senior Advisor to the Secretary for Recovery Act Implementation, U.S. Department of Energy
  • Heather Zichal, Deputy Assistant to the President for Energy & Climate Change

MORNING SPEAKERS:

(9:40 am – 10:55 am; House Veterans Affairs Committee Room – 340 Cannon)

  • John Cooper – Skyline Solar
  • Dan Delurey – Demand Response & Smart Grid Coalition
  • Todd Foley – American Council for Renewable Energy
  • Norma McDonald, American Biogas Council
  • Debbie Montagna – Ocean Power Technologies, Inc.
  • Jackie Prince Roberts, Director – Sustainable Technologies, Environmental Defense Fund
  • Jack Rogers, Biofuels Marketing Manager, Americas – Novozymes
  • Bob Rose – Breakthrough Technologies Institute
  • Gia Schneider, CEO – Natel Energy
  • Bill Shank, Energy Transitions
  • Scott Sklar, President – The Stella Group, Ltd.
  • Keith Takasawa, Chief Product Development Director – THINK
  • Melissa VanOrnum, Marketing Manager – GHD, Inc.
  • Chris Voell, Program Manager-AgSTAR, Climate Change Division, USEPA
  • Maria Vargas, ENERGY STAR, U.S. EPA
  • Don Moore, CEO – Harmonics Limited, Inc.

AFTERNOON PANEL DISCUSSIONS:

(1:10 pm – 4:30 pm; House Veterans Affairs Committee Room – 340 Cannon)

Panel on Solar Technologies
  • Rhone Resch, Ex. Dir. – Solar Energy Industries Association
  • Tony Clifford, CEO – Standard Solar
  • Jeff Wolfe, CEO – GroSolar
  • Eric Huffman, Business Development Mgr. – Eastern Region, SunOptics
Panel on Green Jobs + Sustainable Energy
  • Karl Gawell, Ex. Dir. – Geothermal Energy Association
  • Linda Church Ciocci, Ex. Dir. – National Hydropower Association
  • Lisa Jacobson, Ex. Dir. – Business Council for Sustainable Energy
  • Karen Florini, Environmental Defense Fund
Panel on New Storage, Transmission & Electric Technologies
  • Ruth Cox, Ex. Dir. – US Fuel Cell Council
  • Robert P. Thornton, Ex. Dir. – International District Energy Association
  • Justin Rathke, Dir. – Policy & Dis. Develop., Capstone Turbine Corp.
  • Katherine Hamilton, President – GridWise Alliance
Panel on “Getting Stuff Done”
  • Ryan Colker, Dir.- Consultative Council, National Inst. of Bldg Sciences
  • Chelsea Jenkins, Ex. Dir. – Virginia Clean Cities

CONFIRMED EXHIBITORS:

  • 3M – Renewable Energy Division
  • Abengoa Solar
  • American Council on Renewable Energy
  • AFC First
  • American Biogas Council
  • Beacon Power
  • Biomass Coordinating Council
  • Business Council for Sustainable Energy
  • California Fuel Cell Partnership
  • Capstone Turbine Corporation
  • Demand Response & Smart Grid Coalition
  • Dow Kokam
  • Dow Solar Solutions
  • Ecobuild America
  • Energy Transitions
  • Enervation Lighting
  • Environmental & Energy Study Institute
  • Environmental Defense Fund
  • Frostburg State University – Renewable Energy Center
  • Fuel Cells 2000
  • Geothermal Energy Association
  • GHD, Inc.
  • GridWise Alliance
  • Growth Energy
  • Harmonics Limited
  • Ice Energy
  • International District Energy Association
  • Microcell Corporation
  • Natel Energy
  • National Hydrogen Association
  • National Hydropower Association
  • National Institute of Building Sciences
  • National Renewable Energy Laboratory
  • NewTek Energy Solutions
  • Novozymes North America, Inc.
  • Ocean Power Technologies, Inc.
  • Renewable Fuels Association
  • SAGE Electrochromics, Inc.
  • Skyline Solar
  • Solar Energy Industries Association
  • Standard Solar
  • SunOptics Prismatic Skylights
  • Sunpeak USA Inc.
  • The Stella Group, Ltd.
  • THINK North America
  • U.S. Clean Heat & Power Association
  • U.S. Department of Energy-Efficiency & Renewables
  • U.S. Department of Energy-Clean Cities
  • U.S. EPA-AGSTAR
  • U.S. EPA-Center for Program Analysis
  • U.S. EPA-ENERGY STAR Program
  • U.S. Fuel Cell Council
  • U.S. Green Energy Corporation
  • Water Management, Inc.

Current issues related to offshore oil and gas development (Rescheduled)

Posted by Brad Johnson Tue, 11 May 2010 14:00:00 GMT

Review current issues related to offshore oil and gas development including the Department of the Interior’s recent five year planning announcements and the accident in the Gulf of Mexico involving the offshore oil rig Deepwater Horizon.

Rescheduled from May 6.

Witnesses

Panel 1
  • Dr. F.E. Beck, Associate Professor, Texas A&M University
  • Bud Danenberger, Former Chief, Offshore Regulatory Program, Minerals Management Service
Panel 2
  • Lamar McKay, President and Chairman, BP America, Inc.
  • Steven Newman, President and Chief Executive Officer, Transocean Limited
  • Tim Probert, President, Global Business Lines; Chief Health, Safety and Environmental Officer, Halliburton

Reducing Oil Dependence through Energy and Climate Policy

Posted by Brad Johnson Thu, 29 Apr 2010 19:00:00 GMT

The Environmental and Energy Study Institute (EESI) invites you to a briefing to examine the potential effects of pending energy and climate legislation on the transportation sector and U.S. dependence on oil. Policies that create a sustained, stable, and predictable price on carbon for transportation fuels have the potential to promote fuel-efficient vehicles, low-carbon fuels, and more energy-efficient transportation decisions by businesses and consumers. However, how such a price is determined, how it is applied, and how generated revenues are used can greatly influence the benefits and costs of such a policy. This briefing will focus on the economic and environmental implications of alternative ways to reduce oil use and greenhouse gas emissions in the transportation sector and how key stakeholders are likely to respond. Speakers for this event include:
  • Dr. David Montgomery, Vice-President, Charles River Associates
  • Dr. Chad Stone, Chief Economist, Center for Budget and Policy Priorities
  • Dr. Adele Morris, Policy Director for Energy and Climate Economics, Brookings Institution
  • Dr. David Austin, Senior Economist, Congressional Budget Office
  • Jack Basso, Director of Program Finance and Management, American Association of State Highway and Transportation Officials (AASHTO)
  • James Corless, Director, Transportation for America
  • Patrick O’Connor, Legislative Counsel, NAFA Fleet Management Association

Fuel use in the transportation sector is widely regarded to be less sensitive to changes in price, relative to electricity and other sectors of the economy, due in part to limited availability of transportation options and substitutes for petroleum fuels. Recent swings in fuel prices, corresponding demand responses, and other research suggest, however, that modest price signals - especially sustained price signals - can spur investments in clean transportation and create significant benefits for the transportation sector. Options to create a carbon price through a fee on transportation fuels can be designed to be as effective and predictable as other policy options based on tradable allowances. Any revenues generated through such policies can be returned to consumers and businesses, reinvested in transportation infrastructure and advanced vehicle and fuel technology, or directed to a combination of public uses.

This briefing is free and open to the public. No RSVP required. For more information, please contact Jan Mueller at [email protected] or (202) 662-1883.

Natural Security: Navigating the Future Global Environment

Posted by Brad Johnson Wed, 28 Apr 2010 19:00:00 GMT

The effects of climate change and the way we use energy are significant U.S. national security challenges. Addressing them will be increasingly important for our nation’s defense. The Center for a New American Security (CNAS) invites you to attend an event that will examine these critical issues, featuring a keynote address by Carol Browner, Assistant to the President for Energy and Climate Change.

A roundtable discussion among national security experts will follow the keynote address. Experts will address questions including: How will energy and water challenges in Pakistan and Afghanistan affect current operations in the region and U.S. military bases around the globe? How will competition for energy, strategic minerals, food, and water affect countries and regions of strategic importance – from Afghanistan to the Arctic, China to Yemen?

This event marks the launch of the groundbreaking CNAS report Broadening Horizons: Climate Change and the U.S. Armed Forces, which examines the dual pressures of climate change and energy on each U.S. military service and regional combatant command. Authors Christine Parthemore; Commander Herb Carmen, USN; and Will Rogers map a road ahead to improve the country’s ability to promote national security in the face of a changing climate.

KEYNOTE ADDRESS
  • Carol Browner, Assistant to the President for Energy and Climate Change
PANEL DISCUSSION
  • Dr. David Kilcullen, President and CEO of Caerus
  • Rear Admiral Philip Hart Cullom, USN Head of the Navy’s Task Force Energy Director, Fleet Readiness Division on the Navy Staff
  • Robert Kaplan, Senior Fellow, CNAS Correspondent, The Atlantic Monthly
  • Christine Parthemore, Bacevich Fellow, CNAS

2:30-3:00 p.m.: Check-in and registration
3:00-5:30 p.m.: Event
5:30-7:00 p.m.: Cocktail reception

Location:
The Willard InterContinental Hotel
1401 Pennsylvania Avenue, NW

Scaling Up Solar: How Far Can We Go?

Posted by Brad Johnson Wed, 28 Apr 2010 13:00:00 GMT

The “green” technology boom is being heralded as the next technological revolution, able to lower greenhouse gas emissions, promote economic growth and create millions of new jobs. A number of new policies are being adopted at both the national and local levels to foster the growth and adoption of the new green technologies—including production tax credits for solar, wind and geothermal; renewable portfolio standards; and feed-in tariffs, to name a few. Solar energy has benefitted from increased private investment and public subsidies in recent years but seems to remain ever on the edge of breakthrough.

On April 28, the Energy Security Initiative at Brookings will host the first in a series of events that will examine the prospects for these potentially game-changing energy technologies to make the shift from alternative to mainstream. Experts from many sectors will discuss the key political and economical barriers and opportunities for utility-scale solar energy. Two panel discussions will explore a wide range of questions, including: What will it take to grow a viable solar industry in the United States? What policies could move solar energy into more widespread use and achieve grid parity? What are the job implications for the United States if other countries take the lead in developing the technology? And what role is public awareness or a lack thereof playing in solar energy adoption?

After the program, panelists will take audience questions.

Introduction

Charles Ebinger, Senior Fellow and Director, Energy Security Initiative, The Brookings Institution

Keynote Remarks

Stephanie Burns, CEO, Dow Corning

Panel 1: Policy and Economics

  • Moderator: Charles Ebinger, Senior Fellow and Director, Energy Security Initiative, The Brookings Institution
  • Richard Kauffman, CEO, Good Energies
  • Dr. Lola Infante, Director, Generation Fuels and Market Analysis, Edison Electric Institute
  • Charles Hemmeline, Market Transformation, Solar Energies, Technology Program, U.S. Department of Energy

Panel 2: Technology, Market Deployment and Job Development

  • Moderator: John Banks, Nonresident Fellow, Brookings Institution
  • Robert Boehm, Director, Energy Research Center, University of Nevada, Las Vegas
  • Steve Kalland, Director, North Carolina Solar Center, North Carolina State University

The Brookings Institution
Falk Auditorium
1775 Massachusetts Avenue, NW
Washington, DC 20036

RSVP

Stakeholder Based Climate and Energy Actions: Economic Impacts of National Policies and Measures

Posted by Brad Johnson Fri, 23 Apr 2010 15:00:00 GMT

The Environmental and Energy Study Institute (EESI) and Center for Climate Strategies (CCS) invite you to a briefing on The Impacts of Greenhouse Gas Policy Options on the U.S. Economy, a new study by CCS that examines the nationwide impacts of 23 major strategies formulated by over 1,500 stake-holders in more than 20 states to reduce greenhouse gas emissions and achieve energy and environ-mental co-benefits. At a time of recession and high unemployment, many question putting demands on our economic sectors and fear that increased energy prices will slow the economy and harm jobs. But macro-economic analysis of a diverse set of policies and measures selected and designed by stakeholders in numerous states shows that addressing climate change and promoting energy policy can spur the economy, create jobs, and reduce energy prices. The briefing panel will provide perspectives on local, state and federal program opportunities for economic development and job creation in all sectors.

Speakers for this event include:
  • Adam Rose, Economics Professor, School of Policy, Planning and Development (SPPD), University of Southern California
  • Jeff Wennberg, Project Manager, Center for Climate Strategies; former Vermont Environment Commissioner and former Mayor of Rutland, Vermont
  • Joe Sherrick, Climate Change Program Manager, Commonwealth of Pennsylvania
  • Tom Peterson, President and CEO, Center for Climate Strategies, Adjunct Professor at the Johns Hopkins University Global Security Center

More than 30 states have created comprehensive state climate action plans, comprised of balanced portfolios of mitigation measures aimed at reducing greenhouse gas (GHG) emissions and saving or diversifying energy within their states. These policies address several sectors of the economy, including energy supply, manufacturing, agriculture, buildings, transportation, and waste management. Many are highly cost effective, save consumers money, and have other co-benefits—such as improving public health or reducing reliance on imported oil. The report looks at recommendations for action at all levels of government under a national policy framework developed by stakeholders through climate planning.

This briefing is free and open to the public. No RSVP required. For more information, contact Laura Parsons at (202) 662-1884 or [email protected].

President Obama's Remarks on the Massey Energy Coal Mine Disaster

Posted by Brad Johnson Thu, 15 Apr 2010 18:51:00 GMT

Today, President Barack Obama discussed the initial findings of an investigation by Secretary of Labor Hilda Solis, Mine Safety and Health Administration chief Joe Main, and MSHA Administrator for Coal Mine Safety and Health Kevin Stricklin:

THE PRESIDENT: Good morning, everybody. On April 5th, the United States suffered the worst mine disaster in more than a generation. Twenty-nine lives were lost. Families have been devastated. Communities have been upended. And during this painful time, all of us are mourning with the people of Montcoal and Whitesville and Naoma and the Coal River Valley. The people of West Virginia are in our prayers.

But we owe them more than prayers. We owe them action. We owe them accountability. We owe them an assurance that when they go to work every day, when they enter that dark mine, they are not alone. They ought to know that behind them there is a company that’s doing what it takes to protect them, and a government that is looking out for their safety.

In the immediate aftermath of the tragedy, I asked the officials standing with me – Labor Secretary Hilda Solis, and Joe Main and Kevin Stricklin with the Mine Safety and Health Administration – to lead an investigation into what caused the explosion at Massey Energy Company’s Upper Big Branch mine. I asked them to report back with preliminary findings this week.

We just concluded a meeting, where they briefed me on their investigation. I want to emphasize that this investigation is ongoing, and there’s still a lot that we don’t know. But we do know that this tragedy was triggered by a failure at the Upper Big Branch mine—a failure first and foremost of management, but also a failure of oversight and a failure of laws so riddled with loopholes that they allow unsafe conditions to continue.

So today I’ve directed Secretary Solis, Assistant Secretary Main, and Administrator Stricklin to work closely with state mining officials to press ahead with this investigation—so we can help make sure a disaster like this never happens again. Owners responsible for conditions in the Upper Big Branch mine should be held accountable for decisions they made and preventive measures they failed to take. And I’ve asked Secretary Solis to work with the Justice Department to ensure that every tool in the federal government is available in this investigation.

But this isn’t just about a single mine. It’s about all of our mines. The safety record at the Massey Upper Big Branch mine was troubling. And it’s clear that while there are many responsible companies, far too many mines aren’t doing enough to protect their workers’ safety.

Larry Summers: Nuclear War And Climate Change Are The 'Only Two Ways Mankind Can Affect The Basic Terms Of Life On Earth'

Posted by Brad Johnson Tue, 06 Apr 2010 21:21:00 GMT

Below is the text of the remarks from Dr. Lawrence Summers, the Director of the White House’s National Economic Council, to the U.S. Energy Information Administration Conference.

A few months before I came into government, my twin daughters completed their course in AP U.S. history at their local high school and I reviewed for their test with them. There were two aspects of that experience that stuck with me as I thought about my objectives in advising President Obama.

The first is that while I, as a macroeconomist, thought of the 1982 recession as a big deal, thought of the inflation of the 1970s as a big deal, thought about the 1987 stock market crash as a big deal, none of them got mentioned in my daughters’ history course.

On the other hand, they spent six weeks on the events of the 1930s.

And the lesson I took away, coming into office a year ago, was that our first priority had to be making sure that a depression was avoided. Making sure that the vicious cycle of deleveraging and contraction that then plagued the economy was first contained and then ultimately reversed. And so this was remembered as a very disturbing economic fluctuation, but not as the kind of depression that defined an era.

And the evidence, I think, suggests that the President has made very substantial progress with that objective.

  • Fifteen months ago, a depression did not look unlikely as three-quarters of a million Americans were losing their jobs each month.
  • The stock market was, after correcting for inflation, at 1966 levels.
  • And the output was declining at 6 percent a quarter.

Today, we have a long way to go, but a 6 percent GDP loss in first quarter gave way to a 6 percent gain in GDP, according to the most recent statistics.

Markets have risen by 75 percent since last March as conditions have substantially normalized.

And while there are special factors and there will be fluctuations, the economy has begun to produce jobs again: 162,000 last month, the largest increase in the number of jobs in three years.

While we have a long way to go in an economy with 9.7 percent unemployment and $1 trillion short of potential, we are at last moving in the right direction.

As we move in the right direction, as this recovery unfolds, as what economists call the left tail of the distribution recedes in likelihood, it becomes essential that

  • We think about the renewal of the American economy;
  • We think about creating an economy with a stronger foundation for prosperity than the one that we inherited;
  • We invest more and consume less;
  • We technologically engineer more and we financially engineer less;
  • We look to the long view and to the short view less;
  • We compete in the global economy and we win.

To do so, in many areas, will require a change in our gestalt. Not the continuation of existing battles and of existing conflicts, but the reformulation of problems in new ways that permit us to cut across old debates and to as a nation move forward.

It is the accomplishment of those tasks of national economic renewal that are what came through again and again as what history remembered in that history course my daughters took.

Whether it was the land grant colleges and intercontinental railroad of President Lincoln, whether it was the Sherman Act and national parks and much more of President Theodore Roosevelt, whether it was the expansion of the concept of protection so as to save the market economy from itself with Social Security and unemployment insurance and deposit insurance of President Franklin Roosevelt, ultimately the most historically memorable accomplishments are those which renew our market system, which approach problems in different ways, and extend our efforts to create a more stable and more durable and more secure prosperity.

And it is that across a range of areas that will, I believe, define President Obama’s presidency when its history is written.

That was the motivation for the President’s historic battle for comprehensive health reform.

That was the motivation and is the continuing motivation for our efforts to insist that we rebuild our financial system and particularly the way in which it is regulated on a much more secure foundation after all the crises of the last generation.

And it is this approach of a new gestalt, a new view, a new paradigm, and a commitment to renewal that I believe needs to shape our approach to energy policy going forward.

To be sure, energy policy is about much more than economics.

There are only two ways in which mankind can affect the basic terms of life on earth on a planetary scale. One is what happens with respect to nuclear weapons. That’s outside my sphere, but in Prague later this week and in Washington next week we are making substantial progress with respect to the challenge of nuclear weapons.

The other, of course, is with respect to global climate change, where it is an imperative for this planet that we act so as to reduce the risks that current science points up.

Equally, it is imperative that we address the consequences of excessive dependence on oil for our national security. Our dependence on government-controlled oil supplies from the most politically fragile parts of the world represents a serious national security concern. And it’s one that at long last we have to address.

There are others who will speak at this conference who can speak more knowledgeably to those two challenges than I can. So I want to address the rest of my remarks to the relationship between our energy strategy and our broadest economic objectives.

What do I mean when I say reformulate our national energy policy base?

You know, we’ve been talking about the need for national energy policy strategies and the like, probably since the founding of the republic, but certainly with very great frequency and in every presidential campaign since the first energy shock of 1973. Nearly 40 years. And the debate, frankly, has fallen into a series of ruts.

  • Is it going to be energy efficiency and conservation, or is it going to be increased exploration?
  • Are we going to focus on renewable power, or are we going to focus nuclear power?
  • Is our central objective environmental protection, or is our central objective economic progress? * Is our focus the profits for producers, or is it the costs for consumers?

I could give more examples. Those debates have their place and they have illuminated tradeoffs that policymakers ignore at their peril.

But I would say to you that if ever there was an issue where we needed to move from “either/or” to “both/and,” that it is energy.

Instead of debating the relative importance of the priorities of different camps on the left and on the right, of the Southwest and of those in New England, of those oriented to the economy or those oriented to the environment, instead we have the opportunity to move forward by embracing the priorities of multiple groups, by taking an eclectic approach to forming a new energy policy.

For this much is clear from the record of four decades when emissions have gone up, when dependence has increased, and when our goals again and again have not been met.

Which, I ask you, has greater danger going forward: that we will, in the name of comprehensive energy policy somehow do too much that will affect energy markets by encouraging efficiency or encouraging exploration, or that we will again miss the opportunity, that we will again not act strongly enough with respect to a gathering storm?

Read the history of great nations. Read how they succeed and read how they fail. Their ability to mobilize to solve problems before they are absolutely imminent crises is what determines their longevity. That’s why this task of economic renewal is so important broadly. And that’s why I believe it is so important that we move for economic reasons to pass comprehensive energy legislation.

I believe comprehensive energy legislation can contribute to our prosperity in five ways.

First, it will raise demand and create jobs.

Under the Recovery Act:
  • We will double the renewable energy capacity over the next three years.
  • We will make critical investments in transformative technology.
  • We will enhance the energy efficiency of federal buildings by 75%.

What better time is it to make these kinds of investments than now, when we have substantial unemployed resources?

And we are making them in the way that is most cost effective in terms of creating demand to a significant extent. If the government spends a dollar, that is a dollar of demand. If the government lends a dollar with a 10 percent credit subsidy because it is likely to be paid back, then the cost to the government is 10 cents, but the extra demand created can be a dollar before you even get to its multiplier effect as it reverberates through the economy.

That is why it’s so important that at a moment when credit markets are having their difficulties, albeit reduced difficulties, the Recovery Act has made significant credit available to support up to $40 billion in renewable energy and transmission.

Support for energy investment that creates demand and puts people back to work at a time of unemployed resources and excess capacity is the first way that energy policy strengths our economy.

Second, comprehensive energy legislation will reduce uncertainty and increase confidence. The cheapest stimulus program in the world is enhanced confidence.

I first met Ben Bernanke 35 years ago, when we were both graduate students in Cambridge, Massachusetts. His PhD thesis was an important part around exactly this point. He studied the question of the impact of uncertainty on investment. His example, when he talked about his work, was a boiler.

  • If you knew the price of energy was going to be high, you’d be one kind of boiler.
  • If you knew the price of energy was going to be low, you’d be another kind of boiler.
  • If you didn’t know what the price of energy was going to be, you’d stick with your existing boiler for another year, waiting to see what was going to happen to the price of energy.

Until we pass comprehensive energy legislation, that is exactly what we are doing. We are creating an environment in which there is no certainty for someone building a new power plant.

There is no certainty for someone making the commitment to an industrial production process.

There is no certainty for someone thinking about the generation of automobile models after the current generation of automobile models, five or ten years out.

Clarity brings certainty, certainty brings confidence, and that is what moves the economy forward.

I would also say to you also that uncertainty is not just about our own future policy. Look at the full range of the distribution of oil prices as you can infer from options. As long as we are as dependent on foreign oil as we now are, there is a substantial uncertainty about the range of outcomes, and that too discourages investment, reduces confidence, and slows our economy relative to what we could have achieved.

Third, comprehensive energy legislation will reduce reliance on heavy-handed regulation and increase reliance on market forces.

This is true in our country and this is true around the world.

You know, the first rule of holes is that when you’re in a hole, you should stop digging. In that spirit, the first principle of rational energy policy is that when a fuel is associated with all kinds of what we economists call externalities, pollution locally, carbon dioxide globally, national security risks associate with importation, it is a bad idea to subsidize it.

Yet around the world, fossil fuel subsidies exceed $300 billion a year – $300 billion a year – and account for 12 percent of global greenhouse gas emissions.

I think there’s a chance that when the history is written the most important thing that happened in the last year was the agreement by the G20 countries that contain the vast majority of the world’s GDP to eliminate over time their energy subsidies. It doesn’t go far enough – ultimately the price of carbon is going to have to rise – but an elimination of those $300 billion of energy subsidies is a substantial step forward towards allowing market forces to operate in the energy arena.

It’s not just eliminating subsidies in other countries. It’s what we do here. Now I’m an economist, so I’m a bit of an evangelist for markets. But anyone who thinks about our energy policy debates has to be impressed by the record of the smaller-scale, because this is a smaller-scale issue, but similarly designed sulfur oxide program in the United States.

Many thought it was too hard to introduce a market. Many thought that the right answer was command-and-control legislation. But the fact is that by 2000 sulfur dioxide pollution had fallen nearly below 30 percent below 1990 levels, and the cost was a relatively small fraction of what everybody expected in 1990.

We are going to regulate fossil fuel emissions in the future. Much better than we do it with market based mechanisms than enable those who can economize most cheaply to be the ones who economize.

Allowing market forces to operate is the third reason why this is so important.

Adding flexibility for the private sector will be particularly important with respect to ensuring that we take advantage of the vast increase in our potential natural gas supplies that has been identified over the past several years.

Fourth, the right energy legislation will support what is for the very long run most important for our economy, which is our leadership in innovation.

If what’s true in the short run is that what determines how many people are working is how much demand there is for the products they’re willing to produce, what determines our standard of living in the long run is how productive we are. And that depends on our ability to innovate and bring those innovations to market.

In the nineteenth century, the technologies that reverberated across the economy included the transcontinental railroad, the telegraph, and the steam engine.

In the twentieth, it was the automobile, the jet plane, and, over the last generation, everything associated with information technology.

We can’t know exactly what the next defining innovation will be. It will come in multiple, different sectors. Each one of these technologies has their own story.

But think about maximizing potential and minimizing risk for our country.

Should we not seek to assure our leadership in energy and environmental technology, given their stake in some of the largest problems facing the planet?

That’s why the President’s energy agenda is directed at strengthening the economic ecology that has been so crucial for America’s prosperity – an educated workforce, a fluid environment that stimulates entrepreneurship.

When you think about the strengths and weaknesses of our country, never forget this: we are the only country in the world where, if you have a sufficiently good idea, you can raise your first $100 million dollars before you buy your first suit. That is, and that has been, a crucial feature of our country, and it is something we have to perpetuate.

Enacting comprehensive energy legislation will help our country move down the technological learning curves in key sectors associated with energy efficiency, associated with battery technology, associated with renewables, that will be economically important in the years ahead.

Finally, the emphasis on innovation is tied to my fifth and last point. Comprehensive energy legislation will strengthen our international competitive position. The twentieth century was an American century for many reasons. The size and scale of our country. The quality of our democracy. But I would say to you that it also had to do with our leadership in key science and technology.

The twentieth century was a century of physics. The atomic bomb, the nuclear reactor, the computer, the silicon chip, the transistor, the Internet. We led in all those technologies, and that was crucial to why we led the world.

No one knows exactly what will define leadership in the twenty-first century, but I would suggest to you that making sure that we lead as a developer of the technology is crucial.

I would suggest something else to you. Producers need markets. We are the largest economy in the world. If we use the fact that we are the largest economy in the world, and we will be for a good long time, to ensure that we are also the world’s largest market for innovative energy technology in every sphere, that will create a virtuous circle of innovation and adoption, adoption and innovation, that can be a very substantial source for our country in the new century.

Ultimately, economic policy choices, like investment decisions for a family, involve seeking opportunity and involve minimizing risk.

If you think about the risks to our ecology, the risks to our security, we minimize those risks with comprehensive energy policy.

And if you think about the opportunity to lead in what is really important, we maximize that opportunity with comprehensive energy legislation.

That’s why energy is so crucial a part of President Obama’s economic strategy.

Thank you very much.

2010 Energy Conference: Short-Term Stresses, Long-Term Change

Posted by Brad Johnson Tue, 06 Apr 2010 04:00:00 GMT

For the first time, the U.S. Energy Information Administration is hosting a major energy conference in partnership with the School of Advanced International Studies (SAIS) at Johns Hopkins University. The conference attracts U.S. and international attendees from government, industry, non-profit organizations, the media, and academia.

2010 Energy Conference with Keynotes
  • Dr. Steven Chu, Secretary of Energy
  • Dr. Lawrence H. Summers, Director of the National Economic Council
Session Moderator
U.S. Climate Change Policy: What’s Next After Copenhagen Richard Newell (EIA Administrator)
Short-Term Energy Prices — What Drivers Matter Most? Howard Gruenspecht (EIA Deputy Administrator)
The Energy-Water Nexus: Availability and Impacts Howard Gruenspecht
EIA’s 2010 Annual Energy Outlook Highlights John Conti (EIA)
Regulating Energy Commodities Steve Harvey (EIA)
Biofuels: Continuing Shifts in the Industry and Long-Term Outlook Michael Schaal (EIA)
Natural Gas: U.S. Markets in a Global Context Glen Sweetnam (EIA)
Smart Grid: Impacts on Electric Power Supply and Demand Joseph Paladino (DOE, Office of Electricity Delivery and Energy Reliability)
Energy and the Economy Adam Sieminski (Deutsche Bank)
Energy Efficiency: Measuring Gains and Quantifying Opportunities Deborah Bleviss (School of Advanced International Studies)
Confirmed speakers
  • Paul N. Argyropoulos (Environmental Protection Agency)
  • David M. Arseneau (Federal Reserve Board)
  • Thomas Beauduy (Susquehanna River Basin Commission)
  • Guy Caruso (Center for Strategic and International Studies)
  • Brooke Coleman (New Fuels Alliance)
  • John Conti (EIA)
  • Sean Cota (Cota & Cota)
  • Tom R. Eizember (Exxon Mobil Corporation)
  • Michelle Foss (University of Texas)
  • Peter Gross (EIA)
  • Jason Grumet (Bipartisan Policy Center)
  • Karen Harbert (U.S. Chamber of Commerce)
  • M. Michael Hightower (Sandia National Laboratories)
  • Skip Horvath (Natural Gas Supply Association)
  • Gina McCarthy (Environmental Protection Agency)
  • Edward L. Morse (Credit Suisse Securities)
  • Deanna L. Newcomb (McDermott Will & Emery LLP)
  • Mary Novak (IHS Global Insight)
  • Matthew C. Rogers (DOE)
  • Timothy D. Searchinger (Princeton University)
  • Benjamin Schlesinger (Benjamin Schlesinger and Associates/Galway Group)
  • Andrew Slaughter (Shell)
  • Glen Sweetnam (EIA)
  • Jeff Wright (Federal Energy Regulatory Commission)

International Trade Center
1300 Pennsylvania Avenue N.W.
Washington, DC 20004

Obama Announces New Offshore Drilling Policy 1

Posted by Brad Johnson Wed, 31 Mar 2010 14:42:00 GMT

Today, President Barack Obama announced a sweeping new offshore drilling policy, opening “vast expanses of water along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling” for the first time. This plan would also restore the ban on drilling in Alaska’s Bristol Bay. White House officials “pitched the changes as ways to reduce U.S. reliance on foreign oil and create jobs,” the Associated Press reports. For years, Obama has explained that new offshore drilling would not “reduce U.S. reliance on foreign oil” :

“The days of running a 21st century economy on a 20th century fossil fuel are numbered – and we need to realize that before it’s too late.”

“The truth is, an oil future is not a secure future for America.”

“We could open up every square inch of America to drilling and we still wouldn’t even make a dent in our oil dependency.” 9/15/05

“It would be nice if we could produce our way out of this problem, but it’s just not possible.” 2/28/06

“Instead of making tough political decisions about how to reduce our insatiable demand for oil, this bill continues to lull the American people into thinking that we can drill our way out of our energy problems. ” 8/1/06

“Now is the time to end this addiction, and to understand that drilling is a stop-gap measure, not a long-term solution. Not even close.” 8/28/08

In the beginning of August 2008, as Newt Gingrich’s American Solutions for Winning the Future (ASWF) “Drill Here, Drill Now” campaign overlapped the presidential campaign, and oil and gas prices were skyrocketing to record levels, Obama abandoned his “blanket opposition to expanded offshore drilling,” saying that he would be willing “to compromise in terms of a careful, well thought-out drilling strategy that was carefully circumscribed to avoid significant environmental damage” in order to get Republican votes for comprehensive climate and energy reform.

In 2005 and 2006, Obama talked about the “tough decisions” of “how to reduce our insatiable demand for oil” and “investing in more hybrids and renewable energy sources, raising CAFE standards and helping our auto industry transition to a fuel-efficient future,” instead of drilling. In his State of the Union speech in 2010, in contrast, Obama said that “clean energy jobs” means “making tough decisions about opening new offshore areas for oil and gas development.”

Conservatives are treating the announcement with disdain— ASWF said the president’s plan “is likely to be an attempt by Obama to seduce the public (into) believing that he will do something in the future on offshore drilling,” but amounts to little more than window-dressing. Americans for Prosperity vice president Phil Kerpen commented that “the idea that this is a big concession in exchange for which Congress should jumpstart climate legislation is ridiculous.”

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