While the US natural gas resource base continues to grow exponentially, the problem continues to be what to do with all that gas year round. Unfortunately, the utility market is mainly a winter and summer seasonal peak period. That leaves the spring and fall as the "shoulder" period with less demand.
Peter Fusaro is on the cover of Exec Magazine, and featured in an
interview, discussing his career, work, and thoughts about the future.
The U.S. Federal government invented the concept of cap and trade by taking a financial instrument from the mortgage-backed securities market and applying it to air quality attainment for acid rain remediation. It worked. The concept was proposed by the U.S. delegation at the Rio Climate Convention in 1992 and was ironically opposed by the European Union at the time. Today, we are at a cross roads to create a very viable and effective environmental financial market for the reduction of greenhouse gas emissions in the United States. Because this market is starting all over the world, the timing is now appropriate for the United States to lead the way once again. The real market for the abatement of CO2 and other greenhouse gases begins next January 1, 2008. The train has now arrived, and we need to get on board. We need to stop posturing that voluntary technology programs or voluntary carbon offsets will get us anywhere when see
greenhouse gas emissions rising each year in the United States. They are now estimated to rise by another 19 percent over 2000 levels by 2020 according to the U.S. government. This is on top on an annual increase of about 1 percent per year since the 1990s.
Cap and Trade has been hijacked, the wind taken out of its sails by climate change skeptics. More specifically, the issue of market-based solutions for addressing environmental problems has been utterly distorted. The truth of the matter is that markets have worked to drive efficient, environmental results.
The explosion of applied technology around the globe is redefining national intersts.
As a result of deregulation, the US electric utility industry is undergoing a dramatic transformation with far-reaching technical and social consequences.
Energy deregulation, privatization and competition are a hot international topic.
This book focuses on the latest developments in the Asia-Pacific community in terms of how deregulation and privatization are bringing more risk to energy companies.
An energy investor of the 1970's
or 1980's would hardly recognize the energy market of today. Global changes
#8 Best Seller on New York Times paperback list.