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Keyword: energy

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  • How Can Tiny Norway Afford to Buy So Many Teslas? [Subsidies and 'Carbon Laundering']

    10/20/2014 12:15:18 PM PDT · by Scoutmaster · 10 replies
    Stephen J. DUBNER: As you likely know, the American automobile company Tesla makes some of the most desirable–and expensive–electric cars in the world. The company is currently valued at roughly $31 billion. Compare that to the $55 billion market cap of the Ford Motor Company.Tesla, however, last year sold fewer than 25,000 cars while Ford sells more than 6 million vehicles a year, or roughly 240 vehicles for every single Tesla. Tesla currently has just one vehicle in production, the Model S luxury sedan. In the U.S. the starting price is a bit more than $70,000.Americans buy more Model S’s...
  • My sources say there has been a major release of U.S. oil reserves

    10/20/2014 10:25:20 AM PDT · by MeneMeneTekelUpharsin · 98 replies
    Oilfield supply company | 20 October 2013 | Mene
    It appears the U.S. government has made a major release of oil reserves to deliberately affect the price of fuel prior to the elections.
  • North Dakota aims to reduce natural gas flaring

    10/20/2014 6:12:03 AM PDT · by thackney · 12 replies
    Energy Information Administration ^ | OCTOBER 20, 2014 | Energy Information Administration
    About one-third of the natural gas North Dakota has produced in recent years has been flared rather than sold to customers or consumed on-site. The rapid growth in North Dakota oil production, which rose from more than 230,000 barrels per day (bbl/d) in January 2010 to more than 1,130,000 bbl/d in August 2014, has led to increased volumes of associated gas, or natural gas that comes from oil reservoirs. These increased volumes require additional infrastructure to gather, process, and transport gas volumes instead of flaring them. These additions can take time to build, and well operators are often reluctant to...
  • Denton fracking ban may be unconstitutional

    10/20/2014 5:22:03 AM PDT · by 2ndDivisionVet · 6 replies
    The Wichita Falls Times Record News ^ | October 19, 2014 | Alex Mills, President, Texas Alliance of Energy Producers
    The good citizens of Denton will be voting on Nov. 4 whether or not to ban hydraulic fracturing. They have been told by former Texas Supreme Court Chief Justice Tom Phillips the ban on fracturing is unconstitutional. “Under the Texas Constitution, I do not believe that a municipality may ban all oil and gas drilling within its borders,” former Chief Justice Phillips said during a hearing before the Denton City Council on July 15. He said the ban is incompatible with state law, and it amounts to a government taking of private property of many mineral interest owners and operators....
  • BHI: US drilling rig count drops 12 units to 1,918

    10/20/2014 4:59:53 AM PDT · by thackney · 3 replies
    Oil & Gas Journal ^ | 10/17/2014 | OGJ editors
    The US drilling rig count declined 12 units to settle at 1,918 rigs working during the week ended Oct. 17, Baker Hughes Inc. reported. BHI’s average US onshore rig count for the third quarter totaled 1,842 units, up 46 from the second quarter and up 133 from third-quarter 2013. The US onshore well count for the third quarter totaled 9,566, up 110 from the second quarter and up 491 from third-quarter 2013. Average US onshore drilling efficiencies dropped to 5.19, primarily caused by fewer wells/rig being generated in the Permian during the quarter, BHI indicated. The Permian accounted for 54%...
  • These 6 Countries Will Be Screwed If Oil Prices Keep Falling

    10/19/2014 6:48:32 PM PDT · by SeekAndFind · 54 replies
    Business Insider ^ | 10/19/2014 | Tomas Hirst
    The collapse in oil prices is already a major cause of concern for countries heavily reliant on exports of the commodity. For some, it could be a matter of avoiding a severe recession. Here's why: For governments in oil-exporting countries to meet their spending commitments they need oil to remain above a certain price. With oil prices under $87 a barrel, countries that rely on high oil prices, including Venezuela, Russia, and Saudi Arabia, may have a reason to be concerned. This chart shows the price per barrel that the six most exposed countries need to meet their national budgets....
  • Interview: Why This Tea Party Activist Is Fighting for Solar

    10/19/2014 6:48:24 AM PDT · by Cincinatus' Wife · 34 replies
    Green Tech ^ | September 11, 2014 | Midwest Energy News, Kari Lydersen
    Debbie Dooley is not a tree-hugger -- in fact she bills herself as a radical right-wing grandmother, and she is a founding member of the national Tea Party and a leader of the Atlanta Tea Party group. But Dooley is also an outspoken proponent of distributed solar generation and other forms of renewable distributed energy. She will be the featured speaker next week at the Wisconsin Solar Energy Industries Association’s Solar Social Speakers series -- as advocates in the state say solar is under attack by elected officials, regulators and major utilities. While in Wisconsin, Dooley will also visit a...
  • Britain needs political climate change to cut soaring energy bills

    10/18/2014 6:19:27 AM PDT · by Oldeconomybuyer · 4 replies
    UK Telegraph ^ | October 17, 2014 | By Charles Moore
    Targets for renewables are unattainable, futile – and will cost us trillions of pounds. Some time in this century, we reached a state of clever-silly unanimity over green policies, especially carbon emission controls and renewables targets. All parties (except five brave Tories voting against) voted for the second reading of the Climate Change Act in 2008. So, for some years, we humoured the climate-change lobby, and nodded our heads gravely when experts told us we must help save the planet. But most of us behaved like churchgoers listening to boring sermons. We accepted what we were told, on the unspoken...
  • Are Lower Oil Prices a Signal of Worldwide Economic Collapse?

    10/17/2014 9:03:36 PM PDT · by Abakumov · 37 replies
    Radix News ^ | October 18, 2014 | Larry Kudlow
    Steep stock market corrections often create shrouds of pessimism that do bad things to people’s brainpower. And one of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad. You heard me right. Serious people on financial television are saying lower oil prices are a signal of worldwide economic collapse. Here at home that translates to recession, deflation, a profits collapse and rising unemployment. I’ve been around for a while, and I’ve seldom heard such gibberish. The latest stock market scare stems from a bunch of fears — such as...
  • New Solar Battery Could Generate Cheaper Clean Energy

    10/17/2014 11:40:05 AM PDT · by Red Badger · 14 replies
    www.livescience.com ^ | October 17, 2014 01:50pm ET | by Elizabeth Palermo, Staff Writer
    A new kind of solar cell could store electrical energy without any help from traditional batteries, according to a new study. Researchers at Ohio State University, in Columbus, have developed what they're calling the world's first solar battery — a hybrid device that combines the energy-capturing abilities of a solar cell with the energy-storing capabilities of a battery. The new cell could lower the cost of harvesting renewable energy from the sun by as much as 25 percent, according to the researchers. [Top 10 Craziest Environmental Ideas] The key to the device's success is a mesh solar panel that allows...
  • COLUMN-Oil market proves mightier than OPEC: Kemp

    10/17/2014 5:11:41 AM PDT · by thackney · 11 replies
    Reuters ^ | Oct 15, 2014 | John Kemp
    There is nothing remotely surprising about the sharp fall in oil prices over the last four months, except perhaps the timing. The fundamental forces driving prices lower (rising supply outside OPEC from shale and sluggish demand growth as result of conservation and substitution) have been clearly visible for at least two years. "If the shale revolution can be sustained in the United States, and successfully exported to other countries, some combination of OPEC production cuts or lower oil prices to encourage demand and forestall more investment, will be inevitable by 2015-16," I wrote last year ("Saudi Arabia must decide response...
  • Cheap Oil Pops the Green Policy Bubble

    10/17/2014 5:04:17 AM PDT · by thackney · 14 replies
    Wall Street Journal ^ | Oct. 14, 2014 | HOLMAN W. JENKINS, JR.
    ...Tesla’s stock promptly dropped 8%... At $2.99, the price to which gasoline had fallen at some California stations last week, electric cars becoming a mass-market taste and not just an item for wealthy hobbyists recedes from probability. If Democrats especially start to find it politically no longer saleable to subsidize a toy for the rich, the company may be in real trouble. Since World War I, the retail price of gasoline has fluctuated in a band between $2 and $4 (using 2006 dollars as a benchmark). Since the 1970s, though, politicians have repeatedly wedded themselves to policies premised on the...
  • Low Oil Prices: A $660 Billion Stimulus Package

    10/17/2014 3:01:13 AM PDT · by 2ndDivisionVet · 14 replies
    BuzzFeed News ^ | October 16, 2014 | Matthew Zeitlin
    Crude prices have plunged by more than 20% in recent months. The fall means cheaper gas, cheaper flights, and generally good news for American consumers. Oil prices have been falling for months, and the slide could easily continue. With unprecedented instability in the Middle East, how could this be happening? The answer, according to analysts who follow the market, is a little bit of everything, from economic fundamentals in big oil consuming countries to growth in output among some oil producers. But much more clear is the effect of tumbling prices: Low oil prices are the equivalent of a massive...
  • Good news: New Lockheed Martin fusion reactor to solve all the world’s problems in 10 years or so

    10/16/2014 10:01:24 PM PDT · by 2ndDivisionVet · 35 replies
    Hot Air ^ | October 16, 2014 | Allahpundit
    In case you were too consumed with Ebola news yesterday to notice this, here’s a belated FYI that America’s going to put the Middle East’s oil barons out of business before your grandkids are out of college. Assuming the Ebola doesn’t get us first, I mean. Lockheed has a webpage dedicated to its new breakthrough in compact fusion reactors but this write-up in Aviation Week is the most thorough explanation I’ve seen of how it would actually work. If I understand it correctly, which I probably don’t, the problem with current fusion reactors is that they’re too darned big and...
  • Tesla D Buyers Shouldn't Get Tax Credit

    10/16/2014 1:45:48 PM PDT · by jazusamo · 33 replies
    NLPC ^ | October 16, 2014 | Mark Modica
    Environmentally conscientious, wealthy car enthusiasts are in luck! The much-hyped "D" unveiling came last week as Tesla CEO, Elon Musk, presented what appears to be a very impressive version of its plug-in Model S electric car called the P85D. Boasting 691 horsepower, 687 ft/lb of torque, AWD and a blazing 3.2 second zero to sixty time, the new rich peoples' toy is expected to cost in the neighborhood of $120,000. In fact, the car is so darn impressive that the only obvious question is why in the world do we need to give the affluent purchasers of cars like...
  • We are always open to ideas:Astonishing statement of CDC chief in charge of bungled Ebola response

    10/16/2014 11:58:59 AM PDT · by CorporateStepsister · 80 replies
    Daily Mail ^ | 16 October 2014 | David Martosko
    "Centers for Disease Control and Prevention Director Dr. Thomas Frieden began his grilling Thursday on Capitol Hill with a stark admission that his agency is still searching for ways to combat the Ebola virus as it burrows into the United States. Two members of Congress are calling for his resignation, and the White House began the torturous process of throwing him under the disease-control bus on Thursday afternoon, saying that Frieden is 'taking responsibility' for his agency's screwups. 'We're always open to ideas for what we can do to keep Americans safe,' Frieden said in his opening statement, departing from...
  • Eagle Ford expected to hit 1.6 million barrels next month

    10/16/2014 11:12:30 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | October 16, 2014 | Jennifer Hiller
    The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58 million barrels of oil daily this month, according to the U.S. Energy Information Administration. The EIA shows production from the Eagle Ford and other major shale fields increasing even as the price of crude oil dips. The Permian Basin remains the nation’s most prolific oil field. It’s expected to make 1.8 million daily barrels of oil in November, up 30 percent from the same...
  • Achates Closer To Production Of Radically Efficient Two-Stroke Truck Diesel

    10/15/2014 8:38:41 PM PDT · by ckilmer · 20 replies
    greencarreports ^ | Oct 15, 2014 | John Voelcker
    Achates Closer To Production Of Radically Efficient Two-Stroke Truck Diesel By John Voelcker 6 Comments 2,012 views Oct 15, 2014 Achates opposed-piston two-stroke diesel engine, as it would be packaged for truck installation Suppose you could take an old engine concept discarded in the 1970s, add modern fuel metering and injection control hardware and software, and offer a compact powerplant that cuts the fuel consumption of today's diesel truck engines by a third..That's the promise of Achates Power, which has been working for a decade on its horizontally opposed two-stroke diesel truck engine.Now, it says, the company expects to announce...
  • Putin: Russia will reduce Europe's gas supplies if Ukraine takes gas

    10/16/2014 7:33:32 AM PDT · by McGruff · 9 replies
    CNBC ^ | 10/16/2014
    Russia's President Vladimir Putin said Russia will have to reduce gas supplies to Europe if Ukraine steals from gas pipelines that supply Europe—and crosses Ukraine en route. In June, Moscow halted gas supplies to Ukraine due to mounting debts and pricing disagreements. Disturbance of Russian gas supplies to Europe has happened two times in the past ten years, in 2006 and 2009. A third of Europe's gas comes from Russia. If no agreement is reached between Ukraine and Russia, Ukraine may face energy shortages this winter—further increasing risks to Europe's gas supply.
  • Lockheed Martin's Fusion Reactor: The Next Big Thing? Or No Big Deal?

    10/16/2014 7:37:27 AM PDT · by SeekAndFind · 23 replies
    American Thinker ^ | 10/16/2014 | Rick Moran
    Lockheed Martin has announced that their celebrated engineers in their hi tech Skunk Works technology shop have created a design for a small fusion reactor that could fit in the back of a large truck. The breakthrough could mean that clean, nearly unlimited energy might be just over the horizon. The discovery could virtually reinvent the world in the same way that the telephone, the jet engine, and the silicon chip have done over the years. Or not. They don't expect to have a working commercial reactor for a decade and there's no guarantee of success. Still, the Skunk...
  • Report: Oil exports could drive manufacturing renaissance

    10/16/2014 4:31:04 AM PDT · by thackney · 20 replies
    Fuel Fix ^ | October 15, 2014 | Jennifer A. Dlouhy
    The oil and gas drilling boom has been good news for U.S. manufacturing, keeping factories supplied with cheap chemical feedstocks and powered by inexpensive energy. Now, a new report from The Aspen Institute and the Manufacturers Alliance for Productivity and Innovation says the United States can further drive the domestic manufacturing renaissance — and keep drill bits turning — by allowing energy companies to sell oil overseas. The paper hinges on the notion that if the United States eases longstanding restrictions on oil exports, it will prompt further crude production inside the country. “Higher levels of oil production require higher...
  • Oil And Gas Prices: How Low Will They Go?

    10/16/2014 4:21:33 AM PDT · by thackney · 30 replies
    Forbes ^ | 10/15/2014 | Brigham A. McCown
    Crude oil prices continue to slide with surging production and weakening economic news. Key benchmarks are near to at a four year low, with West Texas Intermediate (“WTI”) closing at $81.84, well below the $100 to $120 range reached between 2010 and 2012. In fact, the drops have been startling, with WTI closing down $3.90, or 4.77% today alone, and other key benchmarks have not fared better. Until recently, Brent Crude Oil has traded significantly higher than WTI. Surging production and better transportation options have significantly whittled away at the typical $10 to $20 per barrel spread over the last...
  • Lockheed Martin Claims Fusion Breakthrough That Could Change World Forever

    10/15/2014 5:42:41 PM PDT · by 2ndDivisionVet · 69 replies
    Forbes ^ | October 15, 2014 | William Pentland
    Lockheed Martin, the aerospace and defense conglomerate based in Bethesda, Md., is claiming to have made a major breakthrough in nuclear fusion, which could lead to development of reactors small enough to fit on the back of a truck within a decade. In the simplest terms, nuclear fission breaks a single atom into two whereas nuclear fusion combines two atoms into one. Fusion, the holy grail of nuclear power, creates three to four times as much energy as fission. More importantly, fusion’s key advantage over fission is that it does not produce cancer-causing radioactive waste. (VIDEO-AT-LINK)Tom McGuire, who heads the...
  • Polar Vortex Highlights Grid Reliability Concerns

    10/15/2014 2:02:37 PM PDT · by ThethoughtsofGreg · 10 replies
    American Legislator ^ | 10-15-14 | John Eick
    One of the chief concerns about the EPA’s recently proposed Clean Power Plan is the effect that the regulation would have on electric grid reliability. We’ve written before about the roughly 50 gigawatts of installed baseload capacity that the EPA itself acknowledges will be retired by 2020 directly as a result of the proposed rule, as well as the 70 gigawatts slated for retirement as a result of other EPA regulations. Stakeholders and policymakers can see for themselves which generating stations in their state the EPA includes in their estimates by using the interactive map on our website. Altogether, these...
  • Lockheed says makes breakthrough on fusion energy project

    10/15/2014 10:50:41 AM PDT · by apillar · 88 replies
    Reuters ^ | 3 hours ago | Andrea Shalal
    WASHINGTON (Reuters) - Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready for use in a decade. Initial work demonstrated the feasibility of building a 100-megawatt reactor measuring seven feet by 10 feet, which could fit on the back of a large truck, and is about 10 times smaller than current reactors, McGuire told reporters. In a statement, the company, the Pentagon's largest supplier, said it would build and test a...
  • god hates mini-hitlers: tanking oil price a catastrophe for the putin regime

    10/15/2014 7:03:07 AM PDT · by Reaganite Republican · 28 replies
    Reaganite Republican ^ | 15 October 2014 | Reaganite Republican
    With oil barely holding on to the $80s, the Kremlin's current leadership faces the same problem they did in the (19)80s: budget revenue half-derived from oil exports, and their backwards, inefficient economy still doesn't produce anything that anybody outside of Mother Russia is willing to spend money on- except perhaps mediocre vodka... And when the self-deluded Russians start babbling about 'greatness' while bullying poor, semi-defenseless countries on the borders of their shabby empire, they tend to get a little caught-up in things... and put the pedal-to-the-medal until they are defeated -i.e. Afghanistan- or simply go-broke, i.e. 1991. Yes, compared...
  • Saudi billionaire Alwaleed warns over impact of falling oil price

    10/14/2014 10:54:23 PM PDT · by Enterprise · 41 replies
    ft.com ^ | October 14, 2014 | Simeon Kerr
    In an open letter to Saudi ministers posted via Twitter, Prince Alwaleed bin Talal al-Saud expressed his “astonishment” at comments made by Ali al-Naimi, the oil minister, who reportedly played down the impact of oil prices falling below $100 a barrel. Prices have since fallen below $88 a barrel, or a quarter since June. Prince Alwaleed, noting the kingdom’s 2014 budget was 90 per cent dependent on oil revenues, said belittling the impact of lower prices was a “catastrophe that cannot go unmentioned”.
  • Oil price drop threatens to hit Russia, Iran harder than sanctions

    10/14/2014 11:30:02 PM PDT · by Berlin_Freeper · 17 replies
    latimes.com ^ | October 13, 2014 | Paul Richter
    A drop in global oil prices, driven in part by a boom in U.S. shale oil production, is threatening to hit the economies of energy-exporting Russia and Iran harder than Western economic sanctions have done.
  • Can't Believe I'm Saying This - Time For a Middle-Eastern Oil Import Tariff

    10/14/2014 7:45:55 AM PDT · by LRoggy · 45 replies
    Vanity | 10/14/14 | Lee Roggenburg
    I know. We are the side that preaches free markets. But not all markets are truly free anyway. And this is one time when a substantial national interest needs to be protected. I’m talking about our incredibly productive domestic energy industry that is on the path to making our oil self-sufficiency a reachable goal, at least if we look at it as North America. Except there is one player out there that is desperate to kill the baby in the crib. And in this instance, it’s not the Obama Administration. Yeah, I know. They’re probably creaming at the possibility that...
  • Jim Cramer on the Stock Market: What the Fall in Oil Means

    10/14/2014 6:04:38 AM PDT · by ckilmer · 73 replies
    thestreet ^ | Oct 13, 2014 | Jim Cramer
        3 0iJim Cramer on the Stock Market: What the Fall in Oil Means BY Jim Cramer  Oct 13, 2014 | 12:03 PM EDT   NEW YORK (Real Money) -- Blame it on the Permian. That's where the oil is flooding into the markets right now. Sure, it is absolutely true that the Bakken and the Eagle Ford shales are responsible for the lion's share of new oil being produced in this country. Sure, the Bakken in North Dakota is amazing with its 1.1 million barrels a day, double what it was when I went there a couple of...
  • Dayton, senators seek federal action on railroad delays

    10/14/2014 5:19:25 AM PDT · by TurboZamboni · 15 replies
    Pioneer Press ^ | 10-13-14 | Don Davis
    DULUTH, Minn. -- Minnesota's leaders want federal help to ease railroad delays. U.S. Sens. Amy Klobuchar and Al Franken and Gov. Mark Dayton on Monday sent a letter to the head of the Surface Transportation Board saying that rail delays are hurting many parts of the economy. "As we watch winter come to the state of Minnesota, we have become increasingly alarmed by the service failures of several railroads that serve critical industries in our state," the three Democrats wrote to board Chairman Daniel Elliott. And on Tuesday, Dayton holds what is expected to be the last of a series...
  • Kemp: The Saudi Oil Enigma

    10/14/2014 5:22:07 AM PDT · by thackney · 9 replies
    Reuters via Rig Zone ^ | October 14, 2014 | John Kemp
    ...In almost 20 years of writing about oil markets and the Middle East I have not come across anyone who could consistently offer a deep insight into the government's policymaking.... Diplomats and even some economists often assert Saudi Arabia upholds its part of the bargain, in part, by holding spare production capacity with which to meet disruptions in oil supplies from other producers. Only Saudi Arabia has the financial capability and the foresight to invest in spare capacity to help stabilise global oil prices. The problem is that there is almost no evidence to support this claim. Since the kingdom's...
  • Next-gen lithium-ion battery charges 20x faster, lasts 20x longer

    10/13/2014 9:17:01 PM PDT · by Ernest_at_the_Beach · 88 replies
    tweaktown.com ^ | 1 hour, 33 mins ago Oct 13, 2014 | Anthony Garreffa
    Improved lithium-ion battery technology is coming, charging up your battery to 70% in two minutes, or an entire electric car in 15 minutes ***************************************************** Tweet3 Share0 The next-generation of lithium-ion batteries is really going to ensure that users get all-day, and even more battery life out of their devices. A team of researchers in Singapore have developed this improved lithium-ion battery tech, which is capable of recharging a battery to 70% in just two minutes, yes: 120 seconds.    The clinch, is that this isn't a new battery technology, but it improves on the existing technology that is used. The...
  • Report: In EU, renewable energy is the first recipient of state aid

    10/13/2014 10:46:44 PM PDT · by Olog-hai · 3 replies
    EurActiv ^ | 13/10/2014 - 17:01
    The European Commission published a study on Monday (13 October) providing the first full dataset on energy costs and subsidies for the 28 member countries across the different power generation technologies, revealing that the largest share of public intervention in the energy sector has been in favor of solar and on-shore wind energy. The results show that in 2012, the total value of public intervention in energy in the member countries has been between €120-140 billion. The report finds that the largest amounts of current public support in 2012 went to renewables, in particular to solar (€14.7 billion) and onshore...
  • IEA Chief: Oil Price Slump Yet To Hit US Shale Oil Production

    10/13/2014 10:00:07 PM PDT · by Rabin · 22 replies
    Rigzone ^ | Mon Oct 13, 2014 11:01am EDT | SIMON FALUSH
    LONDON, Oct 13 Crude oil and condensates from the United States have a break even price of below $60. OPEC members clamoring for urgent output cuts, to push prices back above $100 a barrel, suck "heavily" on oil exports. Big Dog, Wahabi Arabia is telling the Oil Cartel, they (can't find any way to empower their PotUS) are comfortable with markedly lower oil prices for an extended period, a sharp shift in policy aimed at slowing the expansion in the U.S. shale patch.
  • Facing Glut, Price of Oil Falls Sharply

    10/13/2014 5:41:15 PM PDT · by Oliviaforever · 43 replies
    NYT ^ | 10/13/14 | By CLIFFORD KRAUSS
    Oil prices sank again on Monday, giving consumers more of a break and causing a split among OPEC leaders about what action should be taken, if any, to halt the slide. The price drop has led to a near free fall in gasoline prices in the United States. On Monday, the national average price for regular gasoline was $3.20, 9 cents lower than it was a week ago and 14 cents below the price a year ago, according to the AAA motor club.
  • Green demonstrators accidentally prove why they should never be trusted with energy policy

    10/11/2014 1:39:32 PM PDT · by afraidfortherepublic · 27 replies
    The American Thinker ^ | 10-11-14 | Thomas Lifson
    “Renewable” energy is unreliable, and can never replace secure base load sources like coal, natural gas, and hydro. And now a bunch of greenies have embarrassed themselves and proved the point. Attempting to show how wonderful solar power is, a band of self-righteous greenie demonstrators in Madison, WI, the Berkeley of the Midwest, instead demonstrated that reliance on renewables means brownouts and blackouts. Protesting a proposed rate increase by the local utility, Madison Gas & Electric, they made utter fools of themselves, and showed by reliable power from hydrocarbons is the only way to have secure energy supplies. The MacIver...
  • Raleigh investor Darden still bullish on controversial nuclear technology

    10/11/2014 8:06:57 AM PDT · by Wonder Warthog · 5 replies
    Triangle Business Journal ^ | Lauren K. Ohnesorge
    Triangle Business Journal Cherokee Investment Partners' Tom Darden Lauren K. Ohnesorge Staff Writer- Triangle Business Journal Email | Twitter Cherokee Investment Partners CEO Tom Darden could save the world. Or at least have a hand in paying for a rescue, if a controversial nuclear technology device lives up to its inventor’s hype. The startup he helped create – Industrial Heat – acquired the rights to Andrea Rossi’s controversial Italian low energy nuclear reaction technology in January. His partner in the venture, Cherokee’s J.T. Vaughn, said at the time that it was about creating a new, cleaner energy source, a technology...
  • An Industrial-Size Generator That Runs on Waste Heat, Using No Fuel

    10/10/2014 12:47:46 PM PDT · by Red Badger · 22 replies
    MIT Technology Review ^ | October 9, 2014 | By Kevin Bullis
    Startup Alphabet Energy has its first product: what it says is the world’s largest thermoelectric generator. Power plants waste huge amounts of energy as heat—about 40 to 80 percent of the total in the fuel they burn. A new device could reduce that waste, cutting fuel consumption and carbon emissions by as much as 3 percent and saving companies millions of dollars. (Three percent might not seem like much, but for context, air travel accounts for 2 percent of worldwide carbon dioxide emissions.) The generator makes use of a novel, highly efficient thermoelectric material discovered recently at the University of...
  • UW fusion reactor concept could be cheaper than coal

    10/10/2014 12:23:24 PM PDT · by Red Badger · 72 replies
    Phys.Org ^ | 10/10/2014 | by Michelle Ma & Provided by University of Washington
    Fusion energy almost sounds too good to be true – zero greenhouse gas emissions, no long-lived radioactive waste, a nearly unlimited fuel supply. Perhaps the biggest roadblock to adopting fusion energy is that the economics haven't penciled out. Fusion power designs aren't cheap enough to outperform systems that use fossil fuels such as coal and natural gas. University of Washington engineers hope to change that. They have designed a concept for a fusion reactor that, when scaled up to the size of a large electrical power plant, would rival costs for a new coal-fired plant with similar electrical output. The...
  • Lost Electricity Generation Capacity 7X Higher Than EPA Estimates

    10/10/2014 9:19:31 AM PDT · by jazusamo · 44 replies
    CNSNews ^ | October 9, 2014 | Barbara Hollingsworth
    (CNSNews.com) – Power plants generating 72 gigawatts (GW) of electricity in 37 states have either closed or are scheduled to shut their doors to comply with Environmental Protection Agency (EPA) regulations, according to the Institute for Energy Research (IER). The loss of generating capacity is “over seven times the amount originally predicted by EPA modeling,” IER’s updated report, released October 7, noted. “Originally, EPA calculated that only 9.5 GW of electrical generating capacity would close as a result of its MATS (Mercury and Air Toxics Standard) and CSAPR (Cross State Air Pollution Rule) rules,” the report stated. “Before President Obama’s...
  • Former Shell Exec: American Energy Could Save the Economy

    10/10/2014 8:41:17 AM PDT · by Kaslin · 21 replies
    Townhall.com ^ | October 10, 2014 | Thomas Miller
    From 2005 to 2008, John Hofmeister ran the U.S. operations for Royal Dutch Shell. Then he turned 60. The Dutch have a cultural thing about 60. John said it roots back to post-WWII, when too many “older” folk were clinging to their jobs, so the unemployment rate among the youth was unacceptably high. So, many companies mandate retirement at 60. Fortunately, John didn’t drift off-stage. In fact, he’s more visible and viable now than ever. Frequently on CNBC, CNN, Fox and many others, he stopped by our Dallas studios to join Chris Faulkner of Breitling Energy and me for Powering...
  • Iran Slashes Oil Prices to Asia Following Saudi Cut, Lowest Level Since December 2008

    10/10/2014 5:58:40 AM PDT · by thackney · 21 replies
    Wall Street Journal ^ | Oct. 10, 2014 | BENOÎT FAUCON
    Iran has reduced its oil prices to Asia to its lowest level since December 2008, hard on the heels of a similar Saudi cut last week, people familiar with the pricing said Friday... The National Iranian Oil Co. has cut its light crude oil price for Asian deliveries in November to a discount of 82 cents a barrel below the Oman/Dubai benchmark, the people said. The cut, which compares to a premium of 18 cents in October, is identical to a Saudi reduction of $1 a barrel last week for the Arab Light grade to Asia....
  • Price Fall Hastens Decline Of 'Big Oil' As Western Majors Retreat

    10/10/2014 5:29:11 AM PDT · by thackney · 22 replies
    Reuters via Rig Zone ^ | October 09, 2014 | Ron Bousso & Dmitry Zhdannikov
    This year's fall in energy prices is hastening the decline of big oil, as the seven Western majors sell-off assets, cut investment, return money to shareholders and shrink in size, leaving ever more output to small producers and state firms. Companies that were already deep in the red when the price of Brent was at $109 a barrel last year are having to redraw business plans for prices as low as $90. With promised shareholder dividends probably untouchable for now, they will have to divest, cut costs and borrow more against a smaller business just to make ends meet. And...
  • Venezuela Ordered To Pay Exxon $1.6B For Nationalization

    10/10/2014 5:18:06 AM PDT · by thackney · 13 replies
    Reuters via Rig Zone ^ | October 09, 2014 | Corina Pons & Alexandra Ulmer
    A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. The amount is far below the up to $10 billion that Exxon had originally sought and the $6 billion at which the World Bank's International Centre for Settlement of Investment Disputes (ICSID) capped the case, excluding a tax claim. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was not carried out contrary to undertakings given to the claimants in this respect and...
  • If You Don’t Build It, They Will Leave

    10/09/2014 1:55:30 PM PDT · by afraidfortherepublic · 7 replies
    The Weekly Standard ^ | 10-8-14 | Geoffrey Norman
    Seems Canada is tired of waiting – and waiting – for a decision on the Keystone pipeline and has come up with an alternate plan for moving the oil to market. As Bloomberg reports: It would be Keystone on steroids, more than twice as long and carrying a third more crude. Its end point, a refinery in the blue-collar city of Saint John, New Brunswick, operated by a reclusive Canadian billionaire family, would give Canada’s oil-sands crude supertanker access to the same Louisiana and Texas refineries Keystone was meant to supply. And: … if you’re a fed-up Canadian, like Prime...
  • Obama “Clean Power” plan seen to hit seniors, minorities hardest

    10/09/2014 9:39:40 AM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 10/09/2014 | Jazz Shaw
    In June, as you may recall, the EPA announced their new “Clean Power Plan” which was, for all intents and purposes, another shot across the bow in the war on coal. In their mission statement, while paying lip service to the fact that the needs and resources of each of the states are different, they also cite “the important role of states as full partners with the federal government in cutting pollution.” This is matched with the built in assumption of the need to “address the risks of climate change.” (Apparently nobody bothered to ask the states exactly how...
  • The Archie Bunkers of Settled Science

    10/09/2014 6:25:41 AM PDT · by Aspenhuskerette · 10 replies
    The Aspen Times (CO) ^ | October 9, 2014 | Melanie Sturm
    As if on cue, settled-science believer Auden Schendler delivered a punishing retort in The Aspen Times to my recent column “Inconvenient Truths Denied By Climate Faithful.” Archie Bunker-like in frustration, Schendler wants me to stifle myself. If I don’t “dummy up” like Archie’s wife, Edith, he suggests Aspen Times editors Think Again before publishing my commentary without peer reviews or risk “being complicit in promoting falsehoods.” Schendler calls this “ground-truthing of scientific claims,” noting that the Los Angeles Times doesn’t publish pieces that “deny established climate science.” Like Robert Kennedy Jr., who recently called for the jailing of treasonous nonconformists...
  • Heating oil and propane expenditures projected to be lower than last winter

    10/09/2014 5:44:19 AM PDT · by thackney · 11 replies
    Energy Information Administration ^ | Oct. 8, 2014 | Energy Information Administration
    Heating oil and propane expenditures projected to be lower than last winter Autumn arrived in the Midwest and the Mid-Atlantic states last week as temperatures turned noticeably colder and snow fell across Wisconsin and Minnesota. Notwithstanding triple-digit temperatures in parts of California, the winter heating season has begun for much of the country, including the Midwest and the Northeast, where heating oil and propane are important heating fuels. Each October, EIA publishes an outlook for winter energy supply, demand, and prices as part of its October Short-Term Energy and Winter Outlook (STEO). EIA projects the retail price of heating oil...
  • Lower petrochemical use of propane driven by wider price spread between propane and ethane

    10/09/2014 5:37:47 AM PDT · by thackney · 14 replies
    Energy Information Administration ^ | OCTOBER 9, 2014 | Energy Information Administration
    Propane demand (measured as product supplied) is expected to be 100,000 barrels per day (bbl/d) lower on average in 2014 compared to 2013 because of reduced demand from petrochemical plants, according to EIA's Short-Term Energy Outlook. In contrast to propane used as a heating fuel in buildings during colder months and as a crop-drying fuel during the harvest season, both of which are highly seasonal and weather dependent, petrochemical consumption of propane has relatively little seasonality. Beginning in mid-2013, higher propane prices reduced demand from petrochemical users. This decline is evident after accounting for the seasonal variation in annual consumption:...