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Enviro New Wrap: Drilling vs. Gas Prices; Three Gorges Dam has Problems; China Controls Rare Earth Extraction, and more

The Latest Environmental News Headlines GlobalWarmingisReal contributor Anders Hellum-Alexander wraps-up the climate and environmental news headlines for the past week:

  • Shell is building a monstrous offshore natural gas platform. The rig won’t be ready until 2017, which means that Shell is banking on the world needing large amounts of natural gas in the next 30 years. Companies like Shell tell us that they are a part of the transition to a sustainable economy, but they will continue to profit off of fossil fuels. It’s like a vampire telling you that they will save your life, just after they are done sucking all your blood.
  • Obama says that he supports increased drilling for oil in Alaska. He is obviously trying to please Republicans (don’t know why though; as a political party they seem unable to be pleased by anything Obama does). This is the question: is this political posturing or real support for drilling more in Alaska?
    TO BE CLEAR
    : increased extraction of oil domestically will not decrease oil prices in the near future (1-3 years). Also, just extracting more oil does not bring down the price. We have extracted most of the cheap oil and coal; now we have to drill a mile deep on the ocean floor, or boil oil out of sand or build pipelines that stretch thousands of miles though the ocean floor or arctic tundra – these are the things increasing the price of oil.

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