U.S. CO2 Levels Drop Again — So Why Aren't Green Groups Rejoicing?
S E E D E D C O N T E N T
Global Warming: Once more, science provides bad news for global warming alarmists. U.S. CO2 levels again declined during 2017, despite overall global output again rising. Credit U.S. fracking and the natural gas boom. But don't worry: the hysteria won't end.
The new report , based on U.S. data, shows clearly the U.S. continuing downward trend.
"The U.S. emitted 15.6 metric tons of CO2 per person in 1950," wrote the Daily Caller . "After rising for decades, it's declined in recent years to 15.8 metric tons per person in 2017, the lowest measured levels in 67 years."
That's right. 67 years. Green groups and leftist climate extremists should be exulting. The U.S. has found a way to produce more GDP — making all of us better off — with less energy.
Meanwhile, Europe has imposed massive economy-deadening regulations on its economies in order to reduce CO2 output. How has that worked?
Last year, European output of CO2 rose 1.5%, while U.S. output fell 0.5%. For the record, the disaster predicted when President Trump left the Paris climate agreement and rejected draconian EPA restrictions on power plants hasn't materialized. On the contrary, the U.S. model has been shown to be superior.
This isn't the first time we've reported the ongoing decline in U.S. CO2. And if current trends hold, it won't be the last. And, to be sure, it is a long-term trend.
The U.S. Energy Information Administration's latest energy report notes that, from 2005 to 2017, U.S. energy related emissions of carbon dioxide plunged by 861 million metric tons, a 14% drop. It's both a result of the decline due to the Great Recession and the fracking revolution.
The EIA forecast expects a slight uptick over the next two years in the U.S. as the economy continues its Trump boom. But it will still be way below where it was 13 years ago.
Question: Over the same period, how did the rest of the world do? Emissions rose by 21% to 6.04 billion metric tons over the 12 years, mostly due to booming economic growth in India and China, where coal-fired energy output continues to expand.
The truth, and it's proven by the hard data, is that CO2 made in the USA will not choke the world to death or cause it to massively overheat. And you can thank capitalism for that.
Because capitalism, unlike socialism and its welfare-state kin, hates waste. So it does all it can to be efficient. That means using as little energy as possible to make things. And this predates any of the current CO2 hysteria.
In the U.S., the data are clear and utterly convincing: In 1949, it took 1,098 metric tons of CO2 emissions to produce $1 million in GDP in the U.S., after adjusting for inflation. Today, it takes just 301 metric tons to produce that same million dollars, after inflation — a 73% gain in carbon-efficiency.
Indeed, we're actually decarbonizing our economy, and rapidly.
As new technologies continue to emerge, including better battery storage for alternative energy sources, safer nuclear power plants, and the fracking revolution that continues to make natural gas the energy of choice for conventional power plants, U.S. CO2 output is likely to continue to decline for every dollar of GDP produced.
Instead of being harshly criticized by green groups and Euro-socialists, as has been the case for three decades now, we should be the model for green growth. When it comes to CO2, the U.S. is the leader. The rest of the world is the laggard. That's a fact.
If any green groups have had the guts to come forward and laud this truly phenomenal development, we haven't heard it. We did a Google search and couldn't find a single instance of an identifiable green group applauding the U.S.' extraordinary performance on CO2. None.
Green Grumblings
Instead, we continue to hear the same dark grumblings and prognostications of doom that never come true. That includes the mainstream media, too.
You might remind your less-than-informed friends the next time they criticize America's greenhouse gas output: Not only is the U.S. the only major country that is cutting output, but it is providing a roadmap for how to do it.
Time for the green hypocrites to stop talking, and start doing. Or to admit that it has nothing to do with climate change at all, and everything to do with an extreme-left political agenda masquerading as earth-friendly environmentalism.
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THE DAILY CALLER runs a story about CO2 Emissions from BP
Really?
The Daily Caller is a conservative American news and opinion website based in Washington, D.C. It was founded by political pundit Tucker Carlson and Neil Patel, former adviser to former Vice President Dick Cheney. Wikipedia
BP plc formerly British Petroleum , is a British multinational oil and gas company headquartered in London , England . It is one of the world's seven oil and gas " supermajors ", [7] whose performance in 2012 made it the world's sixth-largest oil and gas company, the sixth-largest energy company by market capitalization [8] and the company with the world's 12th-largest revenue (turnover) . [9] [10] It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production , refining , distribution and marketing , petrochemicals , power generation and trading . It also has renewable energy interests in biofuels and wind power .
As of 31 December 2017, BP had operations in 70 countries worldwide, produced around 3.6 million barrels per day (570,000 m 3 /d) of oil equivalent , and had total proved reserves of 18.441 billion barrels (2.9319×10 9 m 3 ) of oil equivalent. [1] The company has around 18,300 service stations worldwide. [1] Its largest division is BP America in the United States. In Russia, BP owns a 19.75% stake in Rosneft , the world's largest publicly traded oil and gas company by hydrocarbon reserves and production. BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index . It has secondary listings on the Frankfurt Stock Exchange and the New York Stock Exchange .
BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954 British Petroleum . [11] [12] In 1959, the company expanded beyond the Middle East to Alaska and it was one of the first companies to strike oil in the North Sea . British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc , and acquired ARCO and Burmah Castrol in 2000, becoming BP plc in 2001. From 2003 to 2013, BP was a partner in the TNK-BP joint venture in Russia.
BP has been directly involved in several major environmental and safety incidents. Among them were the 2005 Texas City Refinery explosion , which caused the death of 15 workers and resulted in a record-setting OSHA fine; Britain's largest oil spill, the wreck of Torrey Canyon in 1967; and the 2006 Prudhoe Bay oil spill , the largest oil spill on Alaska's North Slope , which resulted in a US$25 million civil penalty, the largest per-barrel penalty at that time for an oil spill. [13]
The 2010 Deepwater Horizon oil spill , the largest accidental release of oil into marine waters in history, resulted in severe environmental, health and economic consequences, [14] and serious legal and public relations repercussions for BP. 1.8 million US gallons (43,000 bbl; 6,800 m 3 ) of Corexit oil dispersant were used in the cleanup response, becoming the largest application of such chemicals in US history. [15] The company pleaded guilty to 11 counts of felony manslaughter, two misdemeanors, one felony count of lying to Congress, and agreed to pay more than $4.5 billion in fines and penalties, the largest criminal resolution in US history. [16] [17] [18] On 2 July 2015, BP and five states announced an $18.5 billion settlement to be used for Clean Water Act penalties and various claims. [19]
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