Tuesday, October 21, 2008

Videos: rumored Chesapeake buyout; green energy editorial

By John Sutter

The Oklahoman has a couple of videos up today on the energy sector. In the first, the paper reports on a rumor that one of Oklahoma City's huge natural gas companies -- Chesapeake Energy -- will soon be bought out by investors. One of the company's officials reportedly denied a possible takeover. Chesapeake's stocks have been plummeting in tandem with natural gas prices. For a little background, Oklahoma is one of the top natural gas producers in the country, but only about a third of the gas produced here is actually used in-state.

Here's the video:

Here's another, an editorial in which Ed Kelley ponders the effect the national credit crunch will have on Oklahoma's alternative fuels industry. Wind power needs to be a priority in Oklahoma, he says, adding that the state could be the second or third biggest producer of wind power in the country within a decade if things go well. Still, for a little perspective, only 7 percent of energy used in the United States comes from renewable sources. And of that renewable piece of the pie, only 5 percent is wind power.

Oklahoma is one of the country's top energy users per capita. It ranks 11th for per person energy consumption, according to the Energy Information Administration, which is an independent branch of the U.S. Department of Energy. I'd be interested to hear any energy-saving tips you all might have.

Check out the editorial video below, and let me know what you think. I find it interesting that the editorial doesn't mention climate change, which, aside from the economic possibilities of green power and pollution issues associated with fossil fuels, is the big reason scientists and activists promote alternatives.


Ryan McNeill said...

I think the rumor on CHK is interesting. As a friend of mine pointed out, it wouldn't take much for an energy company sitting on a pile of cash to take over CHK. The cash-rich company wouldn't even have to access the credit markets.

Check out the information here: http://mapserve2.nrel.gov/website/Resource_Atlas/viewer.htm .... As a GIS junkie, I find this fascinating.

jdsutter said...

woah, that is super cool! thanks for the link ...