The U.S. Energy Department announced plans to spend more than $5 million researching the potential to produce natural gas from deep-sea methane hydrates -- ice-like formations that contain natural gas and are stable at depths of more than 300 feet. The Energy Department calls them "the world's largest untapped fossil energy resource" -- some estimate they are twice as abundant as all remaining natural gas and petroleum reserves. According to William Dillon of the U.S. Geological Survey, "The worldwide amounts of carbon bound in gas hydrates is conservatively estimated to total twice the amount of carbon to be found in all known fossil fuels on Earth." This is the same methane hydrate that could be released into the atmosphere if Antarctica's ice sheets thin as a result of climate change.
Another abundant resource sharing headlines is wind: there may be enough wind on Earth to meet global power demands (subscription), at least technically, according to a new report. Wind power to such a degree would require covering much of the Earth's surface and oceans with turbines. Though wind power currently supplies about 4.1 percent of U.S. electric power, the study concludes that we could produce about 400 terawatts of wind power from the Earth's surface and 1,800 terawatts of power from the upper atmosphere.
Challenges of Climate Change
In the U.S., drought and rising temperatures are posing challenges for power plants. The Washington Post details the burdens these factors are placing on coal-fired, nuclear and hydroelectric power generators -- including the Hoover Dam, where low water levels make meeting demand difficult. The news has Henry Waxman and Bobby Rush calling for a probe into whether climate change could threaten the nation's electricity supply. In their letter, the two cite several cases in which power plants were forced to cease operation or cut back output when nearby water sources became too warm to cool the plants.
Despite suffering the worst drought in 50 years, farmers will collect far more corn crop than previously predicted. Still, at 10.727 billion barrels and the U.S. Department of Agriculture predicts prices will remain at $7 per bushel. The corn yield is still projected to be the worst since 1995.
While climate conditions are impacting farmers, more and more big businesses are seeing the potential impact to their operations. A new report indicates approximately 81 percent of the largest global companies that report sustainability strategies and greenhouse gas emissions include disruptions from climate change among corporate risk disclosures. Thirty-seven percent of those companies consider droughts, fires and the like a serious threat.
Arctic Drilling Sees More Delays
Drifting ice halted Shell's efforts to drill its first well in the Arctic's Chukchi Sea just one day into the already-delayed project. The arrival of the ice is the latest in a series of regulatory and equipment setbacks for the company, which has already spent about $4 billion on the effort. Though the federal government estimates the Alaska Arctic offshore region contains close to 26 billion barrels of recoverable oil, sea ice and harsh conditions make for a short drilling season. The moving ice may bring them closer to the Sept. 24 close of the drilling season -- stated in the terms of their permit -- with little progress toward their goal. "Depending on conditions, it could be a few or, potentially, several days before it's safe enough to resume drilling," said Shell spokesman Curtis Smith.
Shell has petitioned for an extension of the season because its projections had shown the arrival of ice much later in the season. The area's unforgiving conditions have led some doubt how safely these efforts could be carried out--despite extra efforts to beef up the same equipment that failed in the BP Deepwater Horizon spill in the Gulf of Mexico. Even so, the U.S. Coast Guard's Paul F. Zukunft, who served as the federal coordinator on the 2010 BP spill, said, "I would never be confident [we could handle a major spill]. You'll never get all the oil."
In Louisiana, that's been the case. Nearly two years after the BP spill Hurricane Isaac has churned up tar balls positively identified as originating from the 2010 event. BP has proposed a "deep clean" of these beaches -- sifting as deep as 4 feet -- to remove contaminants before sand deposited by new storms covers over the tarballs. Researchers at Louisiana State University are looking at other methods -- more specifically, blooms of bacterial biomass and whether they could consume oil and gas from the BP spill trapped about a half-mile below the water's surface. Tests so far say yes -- showing these microbes have consumed about 200,000 tons of this oil.
The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University's Nicholas Institute for Environmental Policy Solutions.
Follow Tim Profeta on Twitter: www.twitter.com/NichInstitute