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October 30, 2007
Australian Drought Hits Farmers Hard
Australia, already the world's driest inhabited
continent, is gripped by its worst drought in 100 years which has
decimated crops and created a crisis among its farming community.
California climate law may spur surge in renewables-- CEC official
California may need to move beyond a renewable energy portfolio standard
and develop a more comprehensive approach to procuring renewable resources
to
meet its own climate goals, a California Environmental Protection Agency
official said on Monday.
China
Refuses to Slow Down
After years of explosive expansion, China is no longer limiting its exports
to manufacturing and has taken the next step, plunging into the foreign
banking sector with a major stake in a South African Bank.
Climate Change and the Global Economy
* Uncertainty surrounds estimates of costs associated with climate change
* Mitigating climate change can have immediate economic consequences
* IMF building capacity to assess macroeconomic implications
Most scientists agree that the global temperature is rising as a result of
man-made emissions of greenhouse gases, and that the earth's climate is
changing.
Commission issues first sustainable development report
The EU and its Member States are shifting
policies towards long-term sustainability. There is increasing convergence
between the EU's longer-term Sustainable Development Strategy and the Lisbon
Strategy for Growth and Jobs. But to obtain the necessary results on the
ground, action to turn around persistent unsustainable trends must be
significantly stepped up.
Controlling Hackers
Violent lunatics bent on the destruction of western civilization are one
thing. Silent computer hackers who can whittle away at the nation's
infrastructure are another.
Energy experts-- high oil prices bigger threat than climate change
Rising oil prices are a bigger threat to the
world economy than climate change in the next 10 years - that was the
surprising verdict of company executives from carbon trading, fuel cell, oil
exploration and renewables firms who attended the Reuters Smaller Companies
Forum. But climate change is likely to have a greater effect on the global
economy over a 50-year timespan, according to those executives from old and
new energy companies.
EU, US states, Canadian provinces form CO2 trading partnership
A coalition of the European Commission, European countries, US states,
Canadian provinces, New Zealand and Norway have formed an International
Carbon
Action Partnership to fight global warming, the partners said Monday in
Lisbon.
Global crude futures retreat from record highs on profit taking
Global crude futures retreated from Monday's highs in early European
trading Tuesday, primarily on profit-taking but also amid concern that the
market is currently overbought, market sources said.
Gold soars to 27-year high as rally continues
The rally in gold has gained momentum in recent trading days and the
yellow metal is currently trading at its highest price level since it
reached
an all-time high of $850/oz in 1980. Analysts are setting their sights on
$800/oz, which is the next target.
Green Regs Cutting US Fuel Production - Tesoro
Environmental rules cutting sulfur content in gasoline
and diesel have made the US refining sector "much less reliable" and
slashed domestic fuel production as prices soar, the chief economist of
Tesoro Corp. said Thursday.
Honduras finds radioactive material in container
Honduras authorities have found strong traces of
radioactive material in a Hong Kong-bound shipping container carrying
steel debris from an Atlantic coast port, officials said on Monday.
Inbox 103007
Tales From the Dark Side: As a journalist covering the
environmental wars, I'm learning to avoid parroting the enviro
party line that preaches that going green is always the
obvious choice for a company to make because it will
invariably pay for itself faster than you can say "the polar
ice cap is melting."
Kansas
Gives Duke Critics Hope
As Duke Energy Corp. pushes for final approval of its coal-fired plant
project in the Blue Ridge foothills, opponents look westward for hope.
Kansas' top regulator this month unexpectedly blocked construction of a $3.6
billion coal-fired power plant in the western part of the state.
Make Operators Pay for Gas Flares - Nigeria Regulator
ABUJA - Any penalty imposed on oil producers in Nigeria for gas flaring
beyond a 2008 deadline should target only the operators and not their
partners, the head of Nigeria's oil regulator said on Monday.
More Cars or More Transportation Alternatives-- What Will the World
Choose?
As Tata Motors, one of Asia’s leading automakers,
prepares to tap into India’s middle-class market by releasing the
“world’s cheapest car” in 2008, other countries with a long history of
car dependence are grappling with ways to limit the social, health, and
environmental costs of motorized transport.
Nuclear Clean-Up is Halted on Cost Fears
(UK)
Fears are rising over the spiralling cost of the nuclear clean- up after the
agency in charge of decommissioning the defunct fleet of Magnox power
stations admitted to funding problems.
NYC to cut government building emissions by 30 percent in decade
New York City is to reduce greenhouse gas emissions from city-owned
buildings by 30 percent, or more than a million metric tons a year, by 2017,
local media reported Monday.
NYMEX crude breaches $93 b as US dollar continues its swoon
NYMEX's December crude futures on the CME's Globex
system were 99 cents higher at $92.86/barrel Monday after hitting a new
all-time high of $93.20/barrel in overnight trading while the US Dollar
again hit a record-setting low.
OPEC will increase supply only if demand seen-- Qatar
OPEC is prepared to increase crude oil supply but only if it sees
physical demand for crude, which is not the case at the moment, Qatari oil
minister Abdullah al-Attiyah said Monday, blaming geopolitics and tight
refining capacity for record high oil prices.
Proposed coal-fired plant assailed-- Conservation groups claim studies
show state could meet energy needs without
The studies, completed last month for the state's electric cooperatives,
bolster arguments that South Carolina and its cooperatives could produce
enough electricity -- through renewable energy sources and efficiency
programs -- to offset the need for the plant, representatives of major
environmental groups said Thursday.
Qatar's Attiyah says OPEC will act if sees 'physical need'
Qatari oil minister Abdullah al-Attiyah said Tuesday that the oil market
was not facing any shortage of crude oil but that OPEC would act if it saw
real demand for physical oil.
Quote of the
Day 103007
"Increasingly, oil markets are being driven by forces
beyond OPEC's control...it is more geopolitical events and the growing
influence of financial investors. However, we will do what we can...to
ensure the market is adequately supplied with crude oil. OPEC is keenly
aware of its responsibility to contribute to stability in world oil
markets."
OPEC president
Mohammed Bin Dhaen al-Hamli said Tuesday
Radioactive Materials Seized in Central Russia
Russian security services seized two containers filled
with highly radioactive material at a scrap yard in central Russia, Interfax news
agency said on Tuesday.
Report of Solar-Geophysical Activity 103007
The geomagnetic field was quiet to unsettled. The greater than 2 MeV
electrons at geosynchronous orbit remained at high levels. The
coronal hole high speed stream appears to be waning.
Russia Says Radiation Leak at Urals Mayak Plant
Safety breaches have caused a radiation leak at a major
nuclear reprocessing plant in the Ural mountains, Russia announced on
Monday, but officials said there was no danger to humans.
Sarkozy promises a green revolution for France
President Nicolas Sarkozy promised a green
revolution on Thursday, unveiling a mix of tax measures and investment
pledges that he said would put France in the vanguard of the war against
global warming.
Stanley Meyer
Harmonics
It came to me the other day. I was reading a book which has nothing to do
with technology and I had an epiphany. Stan's device and Bob Boyce's device
are the same in operation. They both use harmonics.
Strong Growth Expected for Middle East and Central Asia in 2008
The Middle East and Central Asia region is undergoing a remarkable
transformation, driven by rapid GDP growth, which is set to outpace global
growth for the eighth year in a row. Helped by continuing high oil and
non-oil commodity prices, and despite increased uncertainties in global
financial markets, growth in the region is projected to stay in the 6–7
percent range in 2008.
Subject-- Learn How to Better Protect the Environment - Ask EPA
If you could sit down to chat with the nation’s top
environmental officials, what would you ask? Here is your chance.
Turkey, Iran to Sign Electricity Agreement
Turkey and Iran will sign the preliminary agreement on establishment of
electric transmission lines on November 7th in Ankara.
UK Government-- Benn sets out strengthened Climate Change Bill
Details of a strengthened, more effective and more transparent Bill to help
tackle climate change have today been set out by Environment Secretary
Hilary Benn.
UN Food Expert Seeks 5-Year Moratorium on Biofuels
The United Nations Special Rapporteur on the right to food
called on Friday for a five-year moratorium on biofuels, saying it was a
"crime against humanity" to convert food crops to fuel.
US Supreme Court will hear Exxon appeal of Valdez award
ExxonMobil said in a statement Monday that the dispute over punitive
damages arising from the 260,000 barrel Exxon Valdez spill in 1989 "has
never
been about compensating people for actual damages."
US Survey Ties Biofuels to High Food Costs, Hunger
Six in 10 Americans believe the use of corn to make
ethanol has raised food prices and caused more people to go hungry, the
latest evidence of a growing global backlash against alternative "green"
fuels.
What's Moving the Oil Markets 102907
•The ever weakening US dollar also contributed once again to the upward
price momentum. The dollar weakened to a record low of $1.4443 against the
euro earlier in Monday's session, the weakest since the introduction of the
13-nation common currency in 1999.
What's Moving the Oil Markets 103007
•"This move is just profit taking--there are no new
headlines," said a London-based broker. "People are unwinding positions
as they think the market is overbought."
Where next for oil prices as WTI climbs above $92 barrel
There was considerable alarm in mid-September when New
York crude futures prices climbed above $80/barrel. OPEC secretary
general Abdalla el-Badri, speaking three days after OPEC's
September 11 meeting, which resulted in a decision to increase
actual crude output by 500,000 b/d from November, said OPEC
didn't believe the then-record prices would last because they
were not justified by market fundamentals or any shortage of
crude.
Wind and Solar Energy-- Renewable Energy to Create Thousands of New Jobs
The wind association's Swisher said that governors and other state officials
recognize the job potential for wind energy, and they are actively courting
manufacturers and others in the supply chain to capture those activities.
Wind Power -- New Wyoming Plant Generating Plenty of Interest
"Quite frankly, until three years ago when we started seeing major increases
in (the prices of) oil and gas, wind has not been as competitive," Tassainer
said. "The technology itself has been a hard technology for utilities to
accept."
He added it has taken some time for power producers to catch up with the
"out of the box" thinking wind power requires.
Workers Evacuated at U.S. Nuclear Site after Leak
Some workers at the largest nuclear waste dump in the
United States were evacuated Wednesday after a container filled with
radioactive material was breached as it was being removed from storage,
the U.S. Department of Energy said.
October 26, 2007
Agreements are 'admission' that operations below standards-- BP
BP, having agreed to pay $373 million in fines and penalties to settle
simultaneous probes by the US government into three segments of its vast
operation, acknowledged Thursday it "failed to meet our own standards and
the
requirements of the law."
APS, SRP, Tucson Electric Power Join Coalition to Test Storing Carbon
Dioxide Underground to Reduce Greenhouse Gases
Arizona’s three largest electric utilities have joined a coalition to test
the viability of storing carbon dioxide (CO2) underground as a way to manage
greenhouse gas emissions.
At Least 16 Coal-Fired Power Plants Canceled Or Delayed - Houston
Chronicle
At least 16 coal-fired power plant proposals nationwide
have been scrapped in recent months and more than three dozen have been
delayed as utilities face increasing pressure due to concerns over
global warming and rising construction costs.
At Nearly 30 Percent 'Green,' PA is Largest State Purchaser of Clean
Energy
At nearly 30 percent, Pennsylvania's total "green" energy purchase moves
Pennsylvania ahead of every other state in terms of how much clean energy it
consumes. It also easily surpasses the 20 percent goal the Governor
established last year.
Atlanta biz will match workers´ green purchases
An Atlanta company has implemented a program to match its 150 employees´
green energy purchases.
Blackouts Averted After Southwest Link Restored
San Diego County came within minutes yesterday afternoon of adding
electricity blackouts to the list of woes caused by the wildfires.
BNSF coal tonnage on pace to exceed 290 mil st in '07
"Utility forecasts continue to indicate higher demand than what the mines
are
producing,...Demand for PRB coal is strong, he said,
noting that the PRB burn is up 5% year-to-date over the 2006 period.
Bodman-- It's time to stop wasting energy
"It goes beyond good public relations," Samuel Bodman said of efforts by
businesses to use less energy and shift from burning fossil fuels to cleaner
sources. "It's becoming increasingly clear that it will help the bottom
line."
BP to Pay Largest Criminal Fine Ever for Air Violations
Today, BP Products North America, Inc. agreed to pay a
total criminal fine of more than $60 million for violations of federal
environmental regulations in Texas and Alaska. In addition to the
penalty, the company will spend approximately $400 million on safety
upgrades and improvements to prevent future chemical releases and
spills.
California Turns Corner on Wildfires
Firefighters gained the upper hand on nearly all of the
California wildfires Thursday as winds died down after five days
battling 20 fires from the mountains north of Los Angeles down to the
Mexican border.
Citizens Group Forces Hearing in Nuclear Plant's License Extension
A Duxbury citizens group largely run by one woman has succeeded in forcing
the company that runs the Pilgrim Nuclear Power Station to go before a panel
of judges to defend a portion of its application for a 20-year operating
license extension.
Coal to Make Germany Miss CO2 Target - Green Group
Germany has no chance of achieving its reduced CO2
emissions' targets if it keeps building coal-burning power plants, an
environmental group said on Thursday.
Credit
Turmoil Exposes Weaknesses
The recent credit markets crisis has slowed world growth and exposed
weaknesses in the global financial infrastructure that need to be addressed,
IMF Managing Director Rodrigo de Rato told the IMF-World Bank Annual
Meetings.
Crude futures drift lower, awaiting direction from US stocks data
24Oct2007--Global crude futures were down slightly again in early European trading,
with fears about tensions between Turkey and Iraq pushed aside for now and
the
focus shifted to the weekly US inventory data due out later today, brokers
said.
DOE seeks venture capital specialists to help market technologies
The US Department of Energy plans to select representatives of venture
capital firms to help national laboratories commercialize energy
technologies with the potential to reduce emissions and reliance on foreign
oil...
Drought turns up pressure on Duke Energy-- Utility is Catawba's biggest
user
The Catawba River's biggest water user faces no withdrawal limits, answers
to no local authority and allows 73 million gallons a day to vanish into
thin air.
Duke Energy Proposes Increasing its Indiana Energy Efficiency Programs
Tenfold
Duke Energy (NYSE: DUK) today filed a request with the Indiana Utility
Regulatory Commission to increase by more than 10 times the energy savings
it gets from its efficiency programs for Indiana customers.
Energy bills pass with resounding success in House
One bill passed by the full House on a voice vote Monday focuses on
energy-storage technologies and the other enhances industrial energy
efficiency research and development. Both had passed the Science and
Technology Committee and the Energy and Environment Subcommittee earlier in
October. The Senate has not yet acted on either bill.
Energy Firms Set Sights on Oil Sands
Investors are eyeing Canadian oil sands. It may well turn out to be black
gold. But it may also spell environmental troubles.
Energy poses major 21st century crisis-- scientists
Energy poses one of the greatest threats facing humanity
this century, the world's leading academies of science warned Monday,
highlighting the peril of oil wars and climate change driven by
addiction to fossil fuels.
EPA Calls for Partnering on School Chemical Safety
What should a school do with outdated chemicals that may
have been sitting in the lab cabinet or storage closet for 20 years or
more? EPA's Schools Chemical Cleanout Campaign can help schools find
partners to give advice in safe chemical removal and management.
EPA Recognizes Oil and Gas Industry Partners for Greenhouse Gas
Reduction Efforts
EPA yesterday presented awards to some members of the
oil and gas industry for their voluntary efforts to reduce methane under
EPA's Natural Gas STAR Program.
Even the Prime Mortgages Can't Hide
...according to the Wall
Street Journal, the ugly monster that has become the domestic credit
crunch is showing its teeth once again, with loans that were classified
as prime at their origin spiraling downward in record numbers.
Examining the World's Potential to Produce Biodiesel
Researchers rank 226 countries according to their potential to make large
volumes of biodiesel at low cost.
Getting the Rules Right With Carbon Market Design
The debate on climate change at the U.S. federal level is on, but the real
action is now at the state level regarding greenhouse gas market design.
This is not such a bad deal, as the same thing happened in SO2 (acid rain)
and NOX (ozone) trading markets.
Going green without the sting-- Loan options, incentives put solar power
in reach
"Until I saw the price tag," he said. The retired San Joaquin Delta College
instructor figured he would be dead by the time he saved enough on his
utility bill to offset the $30,000 cost. But there may be another way.
Have You Seen the Light! Nearly 1 Million Take Pledge to Make Energy
Efficient Change
"Some have said one person can't change the world. Well, how about a million
people? By teaching nearly a million Americans that protecting the
environment and saving money is as easy as changing a light, we are
brightening our country's future, one light – and one person – at a time,"
said EPA Administrator Stephen L. Johnson.
House panel will probe BP's $303 mil propane settlement-- chairman
"We
are specifically interested in determining whether the penalties levied are
sufficient deterrents to improper behavior.
It's no longer a question of 'if' $100 oil, but 'when'-- analysts
The middle of October brought record-breaking prices in oil markets around
the world, but consumers, government or traders hoping to see a break could
well be in for more disappointment, analysts and think tanks agreed.
La Nina Seen Bringing Mild US Winter, Dry Summer
The La Nina weather phenomenon will usher in a mild US
winter, expand the Southeast drought and may bring dryness to the
Midwest next summer that could cause corn and soy crops to struggle a
little, meteorologists said.
Leaked draft government energy strategy ‘could endanger UK security of
supply and even raise our carbon emissions’
The leaked draft government energy strategy revealed in today’s Guardian
reveals flawed thinking which would risk not only the UK’s commitment to
reducing carbon emissions but also the security of its domestic electricity
supply.
Momentum Building Against U.S. Coal-Fired Power Plants
For the first time, a U.S. government agency has cited
carbon dioxide emissions as the reason for rejecting an air-quality
permit to build coal-fired power plants.
Navajo Nation denies further uranium mining on tribal lands
The Navajo Nation will not agree to any further uranium mining on or near
tribal lands until the federal government cleans up radioactive
contamination left after decades of uranium mining and milling during the
Cold War...
New Energy Star Tool Offers Warm Homes and Cool Savings
With winter just around the corner, consumers now have
access to a tool that can help them reduce their energy bills up to 25
percent by making some simple improvements around their home.
New
Homes Will Use Ground Energy
Residents are in the first-ever council houses in the city to be heated
using energy from the ground.
Each has a ground source, heat-pump heating system which replaces the
traditional gas-fired boiler or electric storage heaters.
NYMEX crude continues to soar as US supply tightens
December crude futures on the CME's Globex system were 88 cents
higher at $91.34/barrel Friday as tightening supply in the US and mounting
geopolitical tensions left the market with a selling vacuum.
NYMEX front-month crude settles at all-time high of $90.46 barrel
Front-month crude on NYMEX settled at an all-time high of $90.46/barrel
for a gain of $3.36/b Thursday as the energy sector continued to soar in the
wake of Wednesday's Energy Information weekly US oil data report.
Ohio won't block plants based on CO2 ruling
Environmental officials in Ohio say they won't follow their counterparts in
Kansas and deny a coal-fired power-plant permit based on carbon-dioxide
pollution.
Oil
hits new record above $92
Oil rallied to a fresh record high above $92 a barrel on
Friday as the dollar tumbled to a record low, Washington imposed new
sanctions on Iran and gunmen shut more oil production in Nigeria.
Opportunities in Renewable Wind Power to be Detailed in Houston in
November at Infocast Meeting
The renewable wind power business is on a major growth trajectory, with a
looming carbon regime and pending FERC action on transmission access adding
impetus to the upward curve. Capitalizing on these market trends will be the
focus of “Wind Power Development Tutorial” a major industry building event
to be held November 28-30, 2007.
Pennsylvania governor says state is big renewable energy buyer
The state government purchases enough green energy to
power 28 percent of its operations, the most of any state government in
the United States, Rendell said.
Pitt Professor Says Harmful Byproducts Of Fossil Fuels Could Be Higher
In Urban Areas
Nitrogen oxides, the noxious byproduct of burning fossil
fuels that can return to Earth in rain and snow as harmful nitrate,
could taint urban water supplies and roadside waterways more than
scientists and regulators realize...
Santee
Cooper vows cleaner power
Santee Cooper will quadruple to 40 percent by 2020 the amount of electricity
it makes from non-greenhouse gas sources and created a new department to
oversee the effort.
Senate Proposal Signals Positive Movement Toward Comprehensive Climate
Legislation
Climate change legislation introduced recently by
Senators Joe Lieberman (I-Conn.) and John Warner (R-Va.) sends a strong signal that
the U.S. is moving toward reducing its greenhouse gas emissions.
Shell says current oil prices not supported by fundamentals
Current record oil prices are being supported by speculation and
geopolitical tension rather than any fundamental factors, Shell's Chief
Financial Officer Peter Voser said Thursday.
Spot uranium prices strengthen by $2, rise to $80 pound U3O8
The spot price of uranium has risen by $2 to $80/pound
U3O8, price reporting firms TradeTech and Ux Consulting said, adding
that both buyers and sellers are cautiously testing the market.
Start-up says it can make solar panels out of dirty silicon
You can make solar panels with impure silicon, claims Roy Johnson. You just
have to know how to isolate the undesirables.
If CaliSolar can mass manufacture
solar cells with a 14 percent efficiency rating--which means that they will
convert 14 percent of the sunlight that strikes them into electricity--these
solar cells will cost far less than the 16 percent efficiency cells that are
common on the market today.
State Considers Lifting Ban to Extract Farm's Uranium Mother Lode
Coles Hill is the name of a historic farm here in Pittsylvania County, a
quiet place off a dirt road with a stately brick home overlooking tangled
hedge rows and rolling fields.
It also is the site of one of the largest uranium deposits in the United
States, and the biggest ever discovered on the East Coast.
Success or failure of future climate regime rests heavily on US, China
According to some estimates, China has just surpassed the US as the world's
largest annual emitter of carbon dioxide. Neither the US nor China is
covered by the Kyoto Protocol: the US because the Bush administration
rejected the protocol; and China because the protocol does not cover
developing countries, even rapidly industrializing countries such as China.
Texas Republican senator blocks energy bill conference with House
US Senator John Cornyn, a Texas Republican, Tuesday said he is blocking
the Senate from moving into a formal conference with the House on a broad
energy bill, saying he is worried the measure could hurt oil and gas
producers.
The Crunch’s
Latest Victims
In what appears to be a never-ending debate on whether or not the US
mortgage market has yet to suffer its greatest blows, Merrill Lynch has
announced that it is planning to write off $8.4 billion in collateralized
debt obligations, subprime mortgages and leveraged loans, suffering a
$2.84-per-share third-quarter drop
The Energy Minefield on Capitol Hill
Majority Leader Reid and Speaker Pelosi have their hearts in getting this
legislation passed, and have no intention of bringing an incomplete bill to
the floor, where Republicans can wound it with amendments or kill it with
filibustering.
The Invisible
Commodity
Electricity is the invisible commodity. But it's now in the limelight.
Energy infrastructure has been labeled inadequate and ill-prepared to enable
American businesses to compete in a global economy. While it may be an
eye-opening idea, the difficulties in pushing ahead remain formidable.
U.N.
says world in dire straits
Two decades after a landmark report sounded alarm bells
about the state of the planet and called for urgent action to change
direction, the world is still in dire straits, a U.N. agency said on
Thursday.
US Mortgage Rates Fall Amidst Worries Over Slowing Economy
Freddie Mac (NYSE:FRE) yesterday released the
results of its Primary Mortgage Market Survey (PMMS) in which the 30-year
fixed-rate mortgage (FRM) averaged 6.33 percent with an average 0.5 point
for the week ending October 25 down from last week when it averaged 6.40
percent. Last year at this time, the 30-year FRM averaged 6.40 percent.
US Senate panel okays bill that looks to boost biofuel output
A farm bill that, among other things, seeks to provide new incentives to
boost biofuel production and distribution was unanimously approved by the US
Senate Agriculture Committee Thursday, and could be taken up soon by the
full
Senate.
US Senate Republicans vow to block oil-industry-backed sea treaty
Several key Republican US senators vowed Wednesday to block ratification
of the so-called Law of the Sea treaty, which the Bush administration and
major energy companies say would help the US lay claim to huge amounts of
oil
and natural gas in the Arctic Ocean, the Gulf of Mexico and elsewhere.
US Weather
Commentary 102407
Three main (tangible & psychological) topics at play as we close out October
and enter November:
1.) "Hot" Weather for Mid-West/Northeast finally comes to and end, but
Mild/Above Normal remain ongoing themes.
2.) First nippy temperatures of year (East of Rockies) will dribble down at
times from Canada into (low-populated) High/Northern Plains.
3.) Expect "Noon Models" and the subsequent "Mid-Day Updates" from popular
services to remain the most erratic, day-to-day.
Va. Wind Farm Criticizes Wildlife Protection Plan
A proposed wildlife protection plan to limit the impact on wildlife by a
Highland County, Va., wind farm could hinder the energy project, the company
behind the proposal says.
What's Moving the Oil Markets 102507
•Brent crude and gasoil futures on ICE set new all-time
high trades Thursday in a continuation of Wednesday's strong buying,
particularly by funds, after unexpectedly bullish US stock data.
•Finally, another long-awaited indicator for oil
demand--Chinese economic growth--saw record levels.
What's Moving the Oil Markets 102607
•NYMEX WTI and ICE Brent crude futures both traded at
fresh record highs during European mid-morning trading Friday, buoyed by
the US' tightening of sanctions against Iran, with brokers saying there
now seems to be little to stop prices breaching $100/b.
•Technically, there are no resistance levels to breach after NYMEX WTI
settled above $90/b on Thursday, making the next obvious marker $100/b. "We
thought $90 would be the lid but it has now exceeded that and where does it
stop? It is above all resistance levels now. $100? It's anyone's game," said
one broker.
What's MRSA? Should you be worried?
In recent weeks, the media has flooded us with reports of MRSA (methicillin-resistant
staphylococcus aureus) outbreaks and cases all over the country, including
deaths.
As often occurs, there is much misinformation being disseminated, causing
unnecessary alarm.
October 23, 2007
Allegheny-- More lines, cleaner energy
The watchdog that oversees North America's power grid says the full promise
of renewable fuels cannot be harnessed without first building more power
lines that can carry this cleaner energy to consumers.
Are renewables a key to countering climate change?
Despite growing investments in renewable energy,
however, "the world isn't doing enough in time
to turn around the catastrophic effects of
climate change," Assadourian said in the October
15 issue of Renewable Energy Report.
Asia Forecast to Keep Up Strong Growth
- Export growth has increased sharply, led
by demand from Europe
- Food prices have raised headline
inflation in some countries
- Pattern of lower export, investment
growth expected across much of region
Growth in Asia has trended higher this year
and the strong performance is forecast to continue into 2008
At Renewable-Energy Conference, Experts Say More Effort is Needed
We need more renewable energy, and everybody knows it, said Tindell, FPL
Group Inc.'s executive director of development.
"It screams at us everyday from Mr. [Al] Gore, our politicians,
scientists, environmentalists. Everybody says we've got to do this,"
Calm before the
storm
European Power Year--The summer has been notable for a welcome lack of volatility
- no cooling water panics, no air conditioning crises. The
extinction of Phase I carbon has removed a contentious
inflationary element in price formation.
Carbon Dioxide Levels Up Faster Than Thought - Study
Humans are pumping carbon dioxide into the atmosphere at
an increasingly quicker pace while natural reservoirs such as oceans and
trees are soaking up less and less of the greenhouse gas, researchers
said on Monday.
City Finding Critical Mass to Go Green
The formerly industrial Richmond is shedding its smokestack image and
making a name for itself in the green sector.
'Clean coal'
label doubted
A $1.6 billion coal-fired power plant proposed for Wise County is touted by
the utility company that wants to build it as an eco-friendly "clean coal"
model of environmental design.
But if built to the company's specifications, it would be one of the biggest
air polluters in Virginia, according to documents filed with the state.
Consumer Debt is Likely Sustainable
Although the corporate bond market has been hurt by the subprime mortgage
defaults, and $1.5 trillion worth of mortgage backed securities "could go
bad," total global debt amounts to about $70 trillion. When including total
bank credit outstanding worldwide, the balance rises to more than $100
trillion.
Cost of a Utah N-Plant Could Reach $3 Billion
A nuclear-power plant planned for Utah could be as expensive as $3 billion
to build, and the radioactive waste generated by the plant would have to be
stored on site, nuclear-power experts told legislators this week.
Crude futures extend losses, tracking stronger dollar
Global crude futures were a touch weaker Tuesday, after two consecutive
days of falls amid concern over the US economy and a recovering US dollar.
Energy bill still stirring debate-- Questions cloud outlook for
alternative sources
Two months after the passage of a landmark state law to promote alternative
energy, environmental and consumer advocates are still at odds with the
state's large power companies over how much consumers will end up paying for
greener energy.
Global Oil Output Peaked in 2006 - German Think Tank
Global oil output peaked in 2006 and will decline by
seven percent per year, a Berlin-based energy think tank said on Monday,
drawing a bleaker picture of energy supplies than other forecasts.
Green home ownership expected to increase
A new report says ownership of green homes is expected to increase
significantly during the next five years.
McGraw-Hill Construction, in conjunction with the National Association of
Home Builders, said the market for what they call "true green homes" will
increase from $2 billion to $20 billion during that time.
Home
That Costs Nothing to Heat
By the year 2016 all new homes in Britain will have to be carbon neutral.
But that doesn't mean compromising on style, says energy expert David
Thorogood.
If we could just burn salt water, we'd never run out of fuel
A test tube full of salt water is blasted with radio
waves and ignites with an orange flame that powers a small sterling
engine. Power from salt water, the most abundant substance on earth --
Eureka! The story is a compelling one.
Inbox 102307
Garbage hauling is a seller´s market these days in
northern Virginia, so much so that haulers there evidently
aren´t losing much sleep fretting about workaday hassles like
safety, environmental and licensing regulations.
Mazda Prepares for 'Hydrogen Society'
"We have to prepare for sustainable zoom-zoom," Mazda executive Nobuhiro
Hayama said on Monday.
"We have to make a link with the hydrogen society of the future."
'Million Solar Roofs' Program Gets Off to a Bright Start, Report Says
This year through mid-September, the PUC says, applications for solar
incentives for projects that will represent 160 megawatts of power have been
received. That compares with 198 megawatts of solar power installed
statewide over the previous 25 years.
Nuclear giant's green push splits environmentalists
By some measures John Rowe is among the greenest executives around.
His company, energy giant Exelon Corp., is the largest marketer of
wind-generated electricity east of the Mississippi and runs a fleet of
vehicles mostly powered by hybrid engines or fueled partly by biodiesel.
Oceans Are Soaking Up Less CO2, Research Shows
A 10-year study by researchers from the University of East Anglia has shown
that the uptake of CO2 by the North Atlantic ocean halved between the
mid-1990s and 2002-2005. "Such large changes are a tremendous
surprise,"
Pollution Soars With Profits at ScottishPower
Levels of toxic and greenhouse gases in the atmosphere shot up dramatically
last year as the Spanish-owned energy giant turned to cheap foreign coal to
fire Longannet and Cockenzie power plants in the face of rising gas prices.
Quote of the
Day 102207
"The falling US dollar has reduced the purchasing power
(of oil producing countries) and is a matter of some concern to us."
Head of OPEC's
research department, Hasan Qabazard, said Monday
Quote of the
Day 102307
"Politics, dialog, diplomacy, culture and economy are the
measures to deal with this crisis. We do not want to sacrifice our cultural
and economic relations with Iraq for the sake of a terror organization,"
Turkish Foreign
Minister Ali Babacan, referring to the rebel Kurdistan Workers' Party (PKK)
which has bases in northern Iraq. (He was speaking at a joint news
conference in Baghdad with his Iraqi counterpart Hoshyar Zebari, reassuring
Iraq on Tuesday that Turkey wants a diplomatic solution to the problem of
Kurdish rebel bases but rejecting a conditional ceasefire offer made by the
guerrillas.
"The market's taking a bit of a breather after a
lot of volatility in recent days. Yesterday, crude prices were just
shadowing the US dollar.
Report of Solar-Geophysical Activity 1022007
Geophysical Activity Forecast: The geomagnetic field is
expected to be at mostly quiet levels on 23 October. Activity is
anticipated to increase to unsettled to active levels late on 24 October and
continue through the forecast period.
Rumors of China's government stockpiling indium loom in Asia
Rumors that the Chinese government may begin stockpiling indium as a part
of its resource strategy are circulating in Asia. ... indium I believe, is
positioned as a resource for solar
batteries, rather than indium tin oxide for flat panels," one trader said.
Scientists a step closer to steering hurricanes
Scientists have made a breakthrough in man's desire to
control the forces of nature – unveiling plans to weaken hurricanes and
steer them off course, to prevent tragedies such as Hurricane Katrina.
Solar power edges towards boom time
Solar power could be the world's number one electricity
source by the end of the century, but until now its role has been
negligible as producers wait for price parity with fossil fuels,
industry leaders say.
UK Says Will Not Use Carbon Revenues for Climate
Britain will not use money the government gets from
auctioning carbon emissions permits to help it in the fight against
climate change, it said on Monday
US Hopes for Coal Gasification Ride on One Project
Much talked-about US efforts to build a coal-fired power
plant with near zero emissions are now concentrated in a single project,
as the costs and difficulties of the endeavor have mounted and the
stakes have risen.
US power prices jump 9% in 2006, largest increase since 1981-- EIA
US retail electricity prices rose by more than 9% in 2006, the largest
annual increase since 1981, the Energy Information Administration said
Monday
in its Electric Power Annual 2006.
Utilities Unsure About Nuclear Waste Canisters
Utilities "have a healthy level of skepticism" about multipurpose canisters
the Energy Department is proposing to ship nuclear waste to a planned Yucca
Mountain repository, in part because they are unsure about the project's
future, an industry official said Thursday.
What's Moving the Oil Markets 102307
•Global
crude futures were a touch weaker Tuesday, after two consecutive days of
falls amid concern over the US economy and a recovering US dollar. A
stronger US dollar makes imports of commodities more expensive.
Who Said It’s Not Easy Being Green
This evening, EPA is recognizing 17 leading
organizations that are taking voluntary steps to address climate change
by purchasing green power and helping advance the development of the
nation’s green power market.
Wind-Stoked Wildfires Rage in Southern California
A dozen wildfires stoked by gusting winds burned out of
control in southern California on Sunday, killing one person in San
Diego and forcing thousands to evacuate homes from the celebrity enclave
of Malibu down to the Mexican border.
October 19, 2007
$1 trillion green market seen by 2030
Global sales from clean energy sources like wind, solar
and geothermal power and biofuels could grow to as much as $1 trillion a
year by 2030, U.S. bank Morgan Stanley has estimated.
AEP Bats Clean Up - October 12, 2007
This article misses the salient point. To reduce energy consumption, lower
electric cost, and reduce global warming we need to replace these old
inefficient coal plants one for one with modern efficient low emission ones.
This does not include the fantasy that carbon sequesting will work.
Australians asking $77-$78 mt for term coal contracts
In yet another indication of rising coal prices, Australian producers with
term contracts in Japan commencing deliveries in October recently asked
their
Japanese customers for a Newcastle coal contract price of $77 to $78/mt FOB,
a
source in Tokyo said.
Browns Ferry shutdowns prompt NRC review
Federal regulators said Monday they will reinspect TVA's oldest nuclear
reactor in November after the unit shut down last week for the fifth time in
as many months.
China already implementing life management programs at its nuclear
plants
China is already implementing life management programs at its nuclear
plants,
although its oldest unit, Qinshan-1, is only 16 years old and the average
age of its 11 nuclear units is only seven years,
China, India seen leading nuclear power
A senior International Atomic Energy Agency official predicted that nuclear
power growth in China and India will outpace the rest of the world.
Commentary – Enron, Subprime and the Derivative Disease
"In the mortgage backed securities
market, one can argue that tranching securities by the maturity of the cash
flow does create economic value for the investors even if ratings are
correct.
Consumers shrug off credit squeeze Retail data released on Thursday showed sales volumes grew more strongly
than expected last month, taking the annual growth rate to a three-year
high of 6.3 per cent.The figures suggested tighter credit conditions
have so far had little impact on high street spending.
Consumers would switch suppliers based on emissions-- survey
Almost 90% of consumers worldwide said they would switch energy providers
to favor companies that offer products and services that help reduce
greenhouse gas emissions, according to a study released Wednesday by
consulting firm Accenture.
Critics say bills give DOE too much say on loan guarantees
DOE would have unbridled control of federal loan guarantees under energy
bills pending in both the House and Senate, representatives of special
interest groups said October 18.
Crude achieves new heights in volatile trading
Oil prices hit a fresh record of $89 a barrel early yesterday before
finishing down on the day as dealers wrestled with US inventories data and
the threat of military action by Turkey in northern Iraq.
Do Food Miles Make a Difference to Global Warming?
The US local food movement -- which used to be elite,
expensive and mostly coastal -- has gone mainstream, with a boost from
environmentalists who reckon that eating what grows nearby cuts down on
global warming.
Drought fires up foes of coal plant-- Duke Energy's plans to expand
criticized in view of climate change
Coal-fueled plants are leading sources of carbon dioxide, an unregulated gas
that climate scientists say is warming the planet. Despite increasing power
output by 80 percent, the expanded Cliffside plant in Rutherford County
would reduce most air emissions -- but those of carbon dioxide would grow.
ECOtality to Participate in Arizona Public Service and DOE Advanced
Hydrogasification Project
The APS project will use hydrogen to react with coal in
a high temperature and pressure reaction that ultimately produces
methane that can be injected into existing natural gas pipelines.
Empowering Consumers
All eyes are on the energy sector. A host of issues are in the spotlight
ranging from climate change to advanced energy technologies. Utilities may
not control the airwaves and printing presses, but they can influence how
their customers respond.
Energy forum looks at climate change
Explorer Will Steger of Ely, Minn., the fourth person ever to reach both
poles, said he's witnessed the effects of global warming in the Arctic and
Antarctica.
EPA Announces First-Ever Agricultural Advisory Committee
The committee is being formed under the guidelines of
the National Strategy for Agriculture, and it will advise the
administrator on environmental policy issues impacting farms, ranches
and rural communities and operate under the rules of the Federal
Advisory Committee Act (FACA).
EU will 'probably' delay Climate Change package to January
The spokeswoman said there were no particular elements of the package
that had caused a delay in its publication, and would not confirm reports
that
there were disagreements over the "burden-sharing" element of the climate
change program.
G7 to step up pressure on China over currency
Part of the focus on
the renmimbi comes because the G7 is split on the dangers of the euro’s
recent rise against the dollar while all the members of the powerful bloc
of economies can agree that that China must allow its exchange rate to
rise faster, particularly against the euro.
Global Warming- That's the Least of It
With the fight about the reality of global warming
settled for all but a few diehards, a fight among the winners -- scientists,
environmentalists and policy experts -- has broken out. But, it's all good
for the renewable energy industries.
Goal revised to use more clean energy
Thailand--The Energy Ministry has revised up the proportion of renewable energy in
total energy consumption in 2011 to 14 percent from 11 percent, says
minister Piyasvasti Amranand.
Greening the Grid Gets Green Light
The California Independent System Operator Corporation
(California ISO) Board of Governors today approved making changes to its
federal tariff that spell out how a new financing tool will work to
remove barriers for renewable power trying to access the power grid.
Health Freedom Plank
So far only one candidate, Dr. Ron Paul, has adopted a
Health Freedom Plank that meets most of our concerns. Here it is:
Inbox 101807
"The gulf between what Londoners say they are recycling
and what is required is still huge," Livingstone said. "In London we are
recycling just over 20% of our rubbish, yet when we asked Londoners if
they are recycling, 93% of people said they are recycling paper and 90%
say they are recycling glass all the time."
Increase In Ethanol Production Could Significantly Impact Water Quality,
Availability
In terms of water quantity, the committee found that agricultural shifts
to growing corn and expanding biofuel crops into regions with little
agriculture, especially dry areas, could change current irrigation
practices and greatly increase pressure on water resources in many parts
of the United States.
Israel's Mediterranean-- A 'Septic Tank'
The Mediterranean is often called the world's most
polluted sea and the waters around Tel Aviv offer a reason why.
Latino leaders want moratorium on coal power plants
Latino leaders are calling for a moratorium on new coal-fired power
plants after their October annual meeting in Los Angeles.
Lessons in RE Development From Navarre, Spain
Why are so many renewable energy projects not able to
get off the ground, despite strong popular support for them? ...
it's clear that economics can’t be the whole story.
Letter from Sustainable Energy Network
"Despite having already received over $77 billion in federal government
handouts, the nuclear industry is now lobbying for over $50 billion in
loan guarantees to build the new plants.
Many Consumers Blame Banks, Lenders for Subprime Mortgage Woes
Nearly 75 percent of consumers say banks and mortgage lenders and brokers
are either "extremely responsible" or "very responsible" for the subprime
mortgage crisis, the American Banker reports, while 60 percent assign that
level of blame to the real estate industry and 58 percent do so for
borrowers who took out loans they could not afford, according to a survey
released by TNS North America.
New California Energy Acts Include Incentives for Solar Water Heating
California Governor Arnold Schwarzenegger approved a number of energy bills
last week, including the Solar Water Heating and Efficiency Act of 2007. The
act requires the California Public Utilities Commission (CPUC) to create
financial incentives that will encourage the installation of solar hot
water systems that displace the use of natural gas for water heating.
New Membrane Strips Carbon Dioxide From Natural Gas Faster And Better
A modified plastic material greatly improves the ability to separate
global warming-linked carbon dioxide from natural gas as the gas is prepared
for use, according to engineers at The University of Texas at Austin who
have analyzed the new plastic’s performance.
New strain of strep emerges as major U.S. infection
A new strain of bacteria is emerging as a major cause of
childhood infections but even drug-resistant versions of the bug can be
killed off with the right antibiotics, doctors said on Thursday.
Nuclear industry supports GHG reduction laws
The nuclear energy industry supports federal action or legislation
to reduce greenhouse gas emissions, while pointing out that nuclear power is
an indispensable part of addressing climate change.
Nuclear station officials confident leak not a threat-- Tritium in well
test results expected in three weeks
A week after Catawba Nuclear Station reported more than twice the allowed
amount of radioactive material in one of its wells, officials remain
confident the incident presents no threat to public safety.
Oil
jumps above $90 a barrel
Crude oil prices on Friday rose to a fresh all-time high above $90 a
barrel as the US dollar sunk to a new low against the euro.
Oil
prices hit record high $90.07
Oil prices soared to another record high above 90
dollars per barrel amid global supply jitters and tensions between
Turkey and crude producer Iraq, dealers said
Friday.
Pollution Killing Up To 25,000 Canadians Annually
Canadians are awash in toxic chemicals -- and it is costing our health
care system up to $9.1 billion and 1.5 million hospital days annually,
according to a new study led by University of British Columbia Trudeau
Scholar David Boyd.
Putin says Russia to cooperate with Iran in energy sphere
"Regarding oil, gas, power and nuclear power, we are certainly very
important partners," Putin said, commenting on his recent trip to Iran.
Quote of the
Day 101907
-"I think OPEC has to increase production. What they did a month ago...is
too little, too late."
Former Saudi Arabian oil minister Ahmed Zaki Yamani said
Thursday
Russia's oil export duty set to hit new high at over $36 barrel
Russia's crude export duty is likely to hit all-time record highs once
again, reaching some $265-$270/mt (around $36.3-37/barrel) from December 1,
up
from $250.30/mt effective in October and November, following an ongoing
upward
trend in international oil prices, a senior finance ministry official said
Wednesday.
Sears Joins EPA to Help Protect the Planet – One Old Ice Box at a Time
What do your old refrigerator and freezer have to do
with the stratospheric ozone layer and climate change? Plenty. That's
why Sears Home Services is taking the lead among retailers to join the
U.S. Environmental Protection Agency's voluntary Responsible Appliance
Disposal (RAD) Program.
Solar power edges towards boom time
Solar power could be the world's number one electricity
source by the end of the century, but until now its role has been
negligible as producers wait for price parity with fossil fuels,
industry leaders say.
Southern Forests Produce Energy-Efficient Fuel
As U.S. policy officials look for ways to reduce the nation’s dependency
on foreign oil and Europe strives to reduce greenhouse gas emissions,
Southern forests are emerging as a renewable and clean energy alternative,
according to experts in the forest products industry.
The Oil Drain
If the market thinks $88 for a barrel of oil is high, it should wait a
little longer. By year-end 2008, some economists say that it will hit $100 a
barrel as global demand surges ahead of available supplies. When boiled
down, the basic choices involve conservation, drilling for more oil or
identifying and deploying more alternative fuels.
The Power of Conservation - October 3, 2007
Very talented people have shared their ideas for solving
the energy problems, and they have championed a variety of possible
solutions. I believe the real answer will be a combination of many of
these ideas. Emerging technologies such as wind, solar and fuel cells
will play an important role. As will as established technologies such as
thermal energy storage. TES is a proven
method to manage on-peak energy growth while the other developing
technologies are being perfected.
US Dollar Remains Predominant International Currency
The United States' dollar retains its position as the key international
currency, solidifying the 'AAA' rating on its government, Standard & Poor's
Ratings Services argues in a report entitled "Despite Pressures, The U.S.
Dollar Remains The Key International Currency," published on RatingsDirect.
US House Democrats committed to energy bill despite veto threats
US House Democrats are bracing for a battle with the White House over
energy legislation, saying Tuesday they intend to advance an energy bill
that
includes provisions which President George W. Bush has threatened to veto,
including those that would take billions of dollars of tax incentives away
from major oil companies.
US Mortgage Rates
Mixed
Freddie Mac (NYSE:FRE) yesterday released the
results of its Primary Mortgage Market Survey (PMMS) in which the 30-year
fixed-rate mortgage (FRM) averaged 6.40 percent with an average 0.5 point
for the week ending October 18, unchanged from last week when it averaged
6.40 percent. Last year at this time, the 30-year FRM averaged 6.36
percent.
US Weather
Commentary 101907
Extremely-Warm October continues for most of
Nation, and remember Winter is a long way away.........
Warning bells sound over currencies
The meeting of finance ministers and central bankers from the seven
leading industrialised nations in Washington this weekend comes amid signs
of severe strains in global currency markets. The question is whether they
will do anything about it.
What's Moving the Oil Markets 101907
•The market appears to be taking a breather after significant volatility
late in Wednesday's trading session after the US inventory data announced by
the Energy Information Administration. Despite an overall build in crude
stocks, up by 1.8 million barrels from the previous week, there was an
actual draw of 200,000 barrels at Cushing, Oklahoma, the delivery point of
the NYMEX light, sweet crude contract.
White Collar, Blue Collar… Green Collar
We are all quite familiar with the colorful distinction of the different
employment sectors. White collar employment includes salaried professionals
and clerical workers. Blue collar employment involves manual labor. Now a
third sector is emerging and is growing in both popularity and support: the
green collar workers.
October 16, 2007
1mm diameter solar cell spheres formed in freefall by gravity
The traditional flat
solar panel looks like becoming a thing of the past now that a Japanese
company has developed a spherical equivalent that is both more efficient and
far cheaper to make.
Arizona leads the solar revolution
Electric utilities must generate 15% of their energy from
nonfossil sources
Biofuel industry fights the critics
Biofuel supporters are fighting criticism that
the "green", alternative transport fuel has raised food prices and harms the
environment, amid mounting evidence that the debate is harming the industry.
Britain eyes returning radioactive waste to Japan in 2008
A series of shipments containing highly radioactive waste will leave Britain
for Japan next year, with possibly more consignments afterward if Japanese
electricity companies agree to a deal offered by the British government, a
Japanese power industry source told Kyodo News recently.
By 'taming the physics' Braggone captures more light into the solar
cell, making them much more efficient and cost-effective
Optoelectronic materials supplier Braggone announced
today a new product line that greatly increases the efficiency of solar
cells and allows manufacturing facilities to cost-effectively increase
their capacity.
Can Coal Gasification Deliver on Promises?
It's a pitch that's been made before, although never in Maine, and
environmentalists are skeptical. Coal gasification plants may someday be
part of the solution to global warming, critics say, but not yet and not
here.
China Considers Environmental Tax on Polluters
China is considering an environmental tax on polluters
to cut emissions, a senior government official said on Monday.
Coal-Fired Power Plant Blocked in Iowa
Opponents of a new coal-fired
power plant proposed in Waterloo, including the Sierra Club and the Iowa
Farmers Union, celebrated a victory Thursday when a state panel rejected the
City of Waterloo's request to annex land for the plant.
DOE seeking comment on Yucca Mountain environmental statements
DOE is seeking public comment on three draft Yucca Mountain environmental
impact statements, the department said in an October 12 Federal Register
notice.
E. Idaho mayor doesn't want coal-fired plants in the state
The mayor of this eastern Idaho city says he is against allowing any
coal-fired power plants to be built in the state because possible pollution
could degrade the quality of life.
EPA Studies
Emissions Storage
The Environmental Protection Agency has announced plans that could encourage
the storage of carbon dioxide emissions deep underground, an emerging
"clean" energy technique that energy experts say will help reduce the
greenhouse gases that cause global warming.
Ethanol use in conventional gasoline continues to grow
Ethanol is playing an increasing role in the US gasoline market, extending
its reach beyond reformulated and into conventional blends. The amount of
ethanol-blended conventional gasoline hit a record high last week, according
to the latest Energy Information Administration weekly oil data.
Everyone bears responsibility for nuke waste-- Moritz Leuenberger
Everyone bears responsibility for nuclear waste, Switzerland's energy
minister
told an international conference in Bern October 15.
Moritz Leuenberger has not been favorable to nuclear power, but told the
meeting on geological repositories that "collective responsibility" --
including both those who have favored and those who have opposed the
technology -- "should take precedence over individual attitude."
Experts
seek energy efficiency
Kansas may be decades behind other states when it comes to making the most
of its energy use, but the state is on track toward moving closer to the
forefront, a national efficiency proponent said Thursday.
Global crude oil futures at new highs for third day in a row
Global crude futures reached news highs Tuesday for the third consecutive
day as attention focused on political developments in Turkey and market
participants adjusted positions in response, sources said.
Governor touts 350-job Keokuk wind turbine plant
Gov. Chet Culver announced Wednesday that Hendricks Industries plans to open
a $32 million advanced manufacturing plant in Keokuk that will produce wind
turbine towers, creating 350 jobs with an average wage of $23.50 an hour.
Great Falls Coal Plant to Move Forward
A proposed coalfired power plant that would provide
electricity for at least 60,000 people in central and south-central
Montana doesn't need financing help from the city of Great Falls to
succeed, its developer said this week.
'Green' energy firms get tips on how to help industry grow
While the Sacramento region has many basic ingredients to become a hub for
the "green" energy movement, success will depend upon expanding access to
investment capital, streamlining government regulations and mustering broad
government support, industry veterans told attendees at a Davis conference
Thursday.
Green Power Electric Co-Ops Try to Build Renewable Energy Sources
Athens residents Beth and Gary Hedrick, along with more than 670 other
Jackson Electric Membership Cooperative customers, pay a little extra on
their monthly power bill to boost renewable energy use, research and
education.
GreenHunter Energy Looks to China for Wind Turbines
Gary C. Evans, CEO of Dallas-based GreenHunter Energy, is taking a week's
hiatus from his Houston biodiesel refinery project to cement a deal with a
private Chinese company for state-of-the-art wind turbines for U.S. power
generation. GreenHunter presently holds leases on more than 50,000 acres of
wind farms in the western U.S. and is expanding its footprint in other
states.
Holes in Steam Piping at Fermi 2 Power Plant Found to be Unintentional
The investigation into Thursday's discovery of one small hole and five small
indentations in piping at the Fermi 2 Power Plant has determined that the
damage was unintentional. The damage to the pipes does not cause a safety
concern because the plant has been shut down for almost two weeks for a
planned outage.
Home Foreclosures Double on Loan Rates
U.S. home foreclosures doubled in September from a year earlier as subprime
borrowers struggled to make payments on adjustable-rate mortgages, according
to RealtyTrac Inc.
New North Carolina law triggers flurry of wind turbine plans
Coastal breezes and a new state law are attracting the first plans for tall
wind turbines in northeastern North Carolina, but success depends on their
effect on coastal views.
NYMEX crude hits all-time high of $85.30 barrel in early trading
November crude futures on the New York Mercantile Exchange hit an
all-time high of $85.30/barrel for a gain of $1.61/barrel on the session
early
Monday, but temporarily lost upward momentum as prices retested levels just
shy of $85/barrel.
OPEC raises 2007, 2008 world oil demand estimates by 20,000 b/d
OPEC has raised its estimates of world oil demand for 2007 and 2008 as
well the predicted 'call' on its own crude supplies in the fourth quarter of
this year, the group said Monday in its latest monthly oil market report.
Ozone hole over Antarctica 'relatively small'-- WMO
The hole in the ozone layer over Antarctica is
"relatively small" at about 25 million sq km this year, but it will
still take decades for it to heal over, the World Meteorological
Organization (WMO)
said on Tuesday.
Polls Shows Overwhelming Support for Renewable Fuel Options
A new poll conducted by Harris Interactive® shows overwhelming American
support for expanding renewable fuel options with nine in 10 U.S. adults (88
percent) agreeing the U.S. should pursue renewable energy sources.
Predictions of another tight year bring hot money, high prices back to
oil
Data showing that the world's oil markets could remain tightly supplied well
into the end of 2008 brought hot money pouring back into crude futures, more
record high prices, and left $100/barrel oil closer to the lips of Middle
Eastern crude exports than ever before.
Quote of the
Day 101607
Global crude futures reached news highs Tuesday for the
third consecutive day as attention focused on political developments in
Turkey and market participants adjusted positions in response, sources said.
This move [in crude]
is on news from Turkey, as well as short covering," said a London-based
broker.
Report of Solar-Geophysical Activity 101507
Geophysical Activity Forecast: The geomagnetic field is
expected to be predominately quiet for 15-16 October. Quiet to
unsettled conditions, with a chance for isolated active periods, are
expected for 17 October due to a recurrent coronal hole.
Safe Renewables Supplies Fuel to Power Plant
US biodiesel producer Safe Renewables has begun supplying fuel for the
nation's first, 100% biodiesel-powered electricity generating turbine plant,
which is located in Conroe, Texas.
Schwarzenegger signs cogeneration bill, vetoes renewable bill
California Governor Arnold Schwarzenegger on Sunday signed a bill
designed to encourage the development of combined heat and power systems in
California and make a dent in greenhouse gas emissions.
Texas falling behind on solar energy
Texas has been a leader in energy for 100 years, but the state isn't moving
forward quickly enough to develop solar energy, two experts said Thursday.
The end of oil is closer than you think
The one thing that international bankers don't want to
hear is that the second Great Depression may be round the corner. But last
week, a group of ultra-conservative Swiss financiers asked a retired English
petroleum geologist living in Ireland to tell them about the beginning of
the end of the oil age.
UK coal-fired power plant developers set to challenge government
A number of clean coal plant developers and backers, including Centrica
and Climate Change Capital, are lobbying UK industry and government to build
support for their plans, which are based on the other, pre-combustion,
version
of clean coal technology.
US SPR sales won't 'materially' lift oil prices-- Bodman
The US Department of Energy's decision on Wednesday to solicit additional
royalty-in-kind supplies to inject into the nation's Strategic Petroleum
Reserve next year will not "materially raise" oil prices, US Energy
Secretary
Samuel Bodman told reporters Friday.
USDA Announces More Than $11 Million In Water Quality Grants
Acting U.S. Agriculture Secretary Chuck Conner announced
that more than $11 million in grants will be awarded to universities
nationwide to address water supply and water quality issues in rural,
agricultural, and urbanizing watersheds. Highlighted among these grants
are two projects that address bioenergy production and water resource issues.
Utilities Plan for Future Without Coal
It's back to the planning room for the state's largest electric utilities.
Oklahoma Gas and Electric Co., Public Service Co. of Oklahoma and the
Oklahoma Municipal Power Authority officially scrapped plans for their
proposed $1.87 billion coal-fired power plant near Red Rock after the
Oklahoma Corporation Commission on Thursday refused to allow OG&E and PSO to
recover construction costs before the facility becomes operational.
Venture Capital Flood
Absolute dollar figures can be hard to come by, but there's no doubt that
renewables and clean tech are growing exponentially as a percentage of
venture capitalists' portfolios.
Water Technology Takes Center Stage During Climate Change
A few weeks ago, a different kind of venture investment conference
took place in Davis, California. Rather than focusing upon the full range of
renewable energy technologies,
GoingGreen addressed the whole system: just about every facet of the new
world brought about by climate change and resource limitations.
What's a little smoke-- New power plant would mean tons of pollution,
but Meigs County needs jobs
In August, unemployment in Meigs County was 8.9 percent.
Environmentalists say the plant's pollution will further stain a region
tainted by the toxic emissions of other coal-burning plants. Like many
other residents, Morris said he's ready and willing to trade pollution
for jobs.
What's Moving the Oil Markets 101507
•November NYMEX WTI futures moved above $85/b for the
first time Monday, in European morning trading, as a flurry of buying
pushed many oil futures prices into uncharted territory.
•OPEC has raised its estimates of world oil demand for
2007 and 2008 as well the predicted 'call' on its own crude supplies in
the fourth quarter of this year,..
What's Moving the Oil Markets 101607
•Global crude futures reached new highs Tuesday for the third consecutive
day as attention focused on political developments in Turkey and market
participants adjusted positions in response. Both NYMEX WTI and ICE Brent
touched new all-time highs at $87.97/b and $84.31/b respectively
Wind
Farm Plugs into the Grid
New Zealand--Te Rere Hau wind farm will soon be operating at full capacity as new
underground cables are installed to connect it to the national grid.
Zero' Amazon Deforestation Possible by 2015, Brazilian NGOs say
Halting deforestation in the Amazon rainforest is the objective of
nine Brazilian non-governmental organizations (NGOs) that have drafted
an ambitious plan to stop clearcutting in the region within seven years.
October 12, 2007
A mad dash to influence Pa. energy plans
Interest groups are seeking a share of $850 million,
much of which will go to subsidies for "clean-energy" projects
AEP Bats Clean Up
American Electric Power's long legal battle has ended.
It has agreed to pay billions to cut pollutants regulated under the
Clean Air Act by two-thirds over the next decade.
AEP to install two new scrubbers as part of NSR settlement
The agreement American Electric Power reached with the Environmental
Protection Agency, eight states and 13 environmental groups over emissions
from 16 coal-fired power plants in Indiana, Kentucky, Ohio, Virginia and
West
Virginia..."Those scrubbers will not be installed until 2017 and 2019, more than 10
years
from now...
'Alternative Nobel' recognizes solar company
A renewable energy company in Bangladesh has been named a winner of the
2007 ‘Right Livelihood Award,’ sometimes called the ‘alternative Nobel.’
Australia leads CO2 capturing effort
Australia is trying to reduce greenhouse gas emissions by capturing carbon
dioxide and storing it in underground reservoirs.
The International Energy Agency says the technology could provide 15 percent
to 20 percent of the total greenhouse gas cuts needed to stabilize the
earth's climate, the Chicago Tribune reported Wednesday.
Biofuels could threaten water resources in India, China-- study
Long lines at water pumps and dry taps, which are already common sights across the Indian subcontinent, could become even more frequent if the economic juggernaut opts for biofuels to drive its growth. And the same thing is true of its neighbor, China.
Bold Moves for Renewables in 110th Congress
While the renewable energy industries have been
focused on extending or expanding the investment and production tax credits,
adopting a renewable energy portfolio standard (which passed the House of
Representatives), and addressing access issues from interconnection rules to
accelerating clean energy projects on federal lands and facilities --
Congressional leaders are stepping out to define their own vision.
Canadian Solar and Ra Solar Espana complete a 2.8 MW Spanish solar farm
Project
The solar park, one of the largest photovoltaic plants in Spain, is expected
to supply enough energy for 1500 families.
CSI is the sole supplier of the solar modules in this project, which
consists of almost 18 000 CS5A solar panels, mounted on a fixed
structure and connected to 100 kW inverters.
China
and US sign energy accord
Energy officials from China and the United States signed a Memorandum of
Understanding (MoU) to cooperate in increasing energy efficiency in China's
industrial sector, which accounts for 70 % of the country's energy demand.
China goes public with energy strategy plan
The plan proposes three steps. The first is to develop energy-saving
technology and master techniques in the collection, storage and utilization
of carbon dioxide by 2020. From 2021 to 2030, the focus will be on promoting
nuclear energy and other renewable energies so they become main resources
and maximizing the efficiency of solar energy.
Coal's
Future Fading To Black
Coal, the black rock used to generate half of the nation's electricity, is
getting the heave-ho in Florida for its hefty output of carbon dioxide, a
greenhouse gas that scientists have linked to global warming.
Company claims to be 100 percent carbon neutral
Curtis Packaging of Sandy Hook, Conn., says it is the first 100-percent
carbon neutral printing and packaging company in North America.
Company wants to make largest wind turbine
Clipper Windpower Plc. has its sites set on developing the world´s
largest wind turbine, a 7.5-megawatt unit dubbed the "Britannia Project."
CPUC President Peevey assessing regional effort for GHG emissions
California Public Utilities Commission President Michael Peevey is
uncertain whether Western states will develop a regional cap-and-trade
program
for greenhouse gas emissions, he said late Wednesday.
Crude futures retreat from Thursday's post-stats rally
Global crude futures drifted lower Friday, taking a breather after their
near $2/barrel surge seen in late-Thursday trading following the release of
the latest US weekly inventory data, which showed an unexpected draw in
crude
stocks.
Deep in Heart of Texas, Austin is Going Green
This environmentally conscious city is already home to the headquarters of
the Whole Foods organic grocery store chain, a new city hall built mostly
with recycled materials and a municipal electric utility that features solar
cells on the roof of its parking lot.
DOE Awards First Three Large-Scale Carbon Sequestration Projects
In a major step forward for demonstrating the promise of clean energy
technology, U.S Deputy Secretary of Energy Clay Sell today announced that
the Department of Energy (DOE) awarded the first three large-scale
carbon sequestration projects in the United States and the largest
single set in the world to date.
Emissions fix may lie beneath us-- Storing carbon dioxide underground
may ease global climate change
Beneath the rolling green hills of Australia's Latrobe Valley lies a deposit
of brown coal so enormous it seems almost endless. After nearly a century of
mining, more than 95 percent of the 35-mile-long, 600-foot-deep coal seam is
still in place, ready to fuel Australia's energy needs for generations.
But ...
Energy options
for America
Currently, we find ourselves on parallel roads regarding our energy
policy. We are dependent on fossil fuels such as oil, coal and natural gas,
all of which are produced in the 19th Congressional District in Texas and
around the nation. However, the other road we are pursuing is alternative
and renewable sources of energy.
Energy
Research Centre Opened
A centre aimed at finding ways to generate energy more
cleanly and efficiently was officially opened yesterday. ...will test a
variety of alternative fuels used for generating power for electricity
and aircraft. It will research more efficient fuel use, alternative
fuels and the reduction of pollutants.
EPA To Develop Regulations for Geologic Sequestration of Carbon Dioxide
Today EPA announced plans to develop regulations to
establish a clear path for geologic sequestration, a process of
injecting captured carbon dioxide, a greenhouse gas, in deep rock
formations for long-term storage.
EPA-DOE Release Fuel Economy Lists for 2008 Models
Numbers reflect new fuel economy testing methods
EU asks
for big power change
European energy generators should give up their power grids and gas
pipelines, the European Commission has proposed as part of a sweeping plan
to boost competition and investments -- and shield markets from outsiders
such as Russia's Gazprom.
European Parliament backs renewables in resolution
The vote on the ‘Roadmap for Renewable Energy in Europe’
(Thomsen report) was adopted by an overwhelming majority and confirms
the European Parliament’s strong commitment to renewable energy,
according to numerous groups.
Fed-- Hawkish Bias Sole Prop For The Dollar
Despite relatively strong evidence of a slowdown in the
U.S. economy, U.S. monetary policy is unlikely to loosen for the rest of
the year
“If you want to know why the Federal Reserve refuses to
budge from their hawkish inflation bias, all you have to do is look at
the price of oil.
Former ExxonMobil chiefs believes US needs huge energy investment
The US’s ageing energy infrastructure will require massive investment in
order to make much-needed efficiency improvements, former ExxonMobil chief
executive Lee Raymond said.
Full
Sail Ahead For Wind Energy
Find a site. Buy’em. Plant’em. Plug’em in. Aside from the growing
worldwide demand for clean power, it’s relatively easy to build wind energy
capacity. Why would anyone consider building a nuclear power plant of say
1000 megawatts - which can take years to build - when power developers can
buy off-the-shelf products (those megawatt-class wind turbines) and plant
them in the soil for the same amount of power as the nuke in a very short
period of time?
GE Launches Next Generation Of Advanced Water Treatment
GE Water & Process Technologies, a unit of General
Electric Company, launched the next generation of Electrodialysis Reversal (EDR)
solutions today – enhancing its portfolio of advanced water and wastewater
treatment solutions designed to address the world’s growing water demands.
Global warming speakers favor clean coal, disagree on climate
Two widely divergent viewpoints on global warming presented Tuesday at the
Coal Market Strategies Conference might prompt industry executives to flip
coins to decide which direction to follow.
Gold higher in London morning trade on dollar, oil-related buying
Gold was indicated higher in London morning trade on Thursday, up on the
back of a weak dollar and oil-related buying, a UK-based analyst said.
Spot bullion was bid at $746.55-747.05/oz at 0816 GMT on Thursday
morning, gaining from its late New York spot price at $741.00/oz and from
its
Wednesday afternoon fix in London at $741.25/oz.
Gore shares Nobel win with U.N. climate panel
Former Vice President Al Gore and the U.N. climate panel won the Nobel
Peace Prize on Friday for their part in galvanizing international action
against global warming before it "moves beyond man's control".
Greenpeace
hijack power plant!
Greenpeace, the environmental campaign group, have hijacked a power
station in Kent. Their takeover was spurred by the prime minister’s decision
to approve the UK’s first coal plant in over three decades.
Greenspan Weighs In On Subprime Troubles
The man who many believe was the ultimate puppet master for the US economy
during his reign as Federal Reserve chairman has weighed in on the year-long
subprime disaster that was gripped international finance.
House panel passes two environment, energy bills
A House science panel has advanced one bill focused on
energy-storage technologies and another to enhance industrial energy
efficiency research and development.
Inbox 101107
It´s an age-old question about recycling. What motivates us
more to do it -- morality, economics or emotions?
Marine technology a potential $1 trillion worldwide market
The world energy council has quoted that the future value of wave energy
worldwide is a staggering $1 trillion.
Mixed Atlantic hurricane season puzzles experts
Judge the 2007 Atlantic hurricane season by the 13 storms so far, and it
looks like a relatively busy year. But look at the number of days a
hurricane has swirled in the Atlantic, or use other measures of a storm
season's ferocity, and 2007 has been surprisingly benign.
Mortgage Applications Rise 2.4 Percent
On an unadjusted basis, the index rose 2.4 percent compared with the
previous week and was up 8.6 percent compared with the same week one year
earlier.
Most of US to see above-average temperatures this winter-- NOAA
Most of the US can expect above-average temperatures this winter, while
drier-than-average conditions will likely continue across already
drought-stricken parts of the US Southeast and Southwest, National Oceanic
and
Atmospheric Administration forecasters said Tuesday at the 2007-2008 Winter
Fuels Outlook conference in Washington.
Mother Jailed, Put On Trial for Curing Her Son of Melanoma
An unholy alliance of California Child Protective
Services (CPS) with a hostile doctor and judge is attempting to railroad
Laurie Jessop, framed as a threat to her son and the establishment for
finding a way to cure him of malignant melanoma. She is now on trial,
under a gag order, since she had gone to the press.
New TXU owners to focus on renewable energy
A group of investors, led by Kohlberg, Kravis, Roberts & Co., have
completed the acquisition of TXU Corp., and will focus on renewable energy
and reduce the number of coal-fired units the Texas utility had previously
planned.
Nigeria-- Can the US bully OPEC into submission?
The United States Senate, in a move obviously targeted at OPEC,
frightened about the effects of spiralling world crude prices and the
consequences for the greatest gas guzzling nation on earth, is currently
pushing through a Bill to outlaw oil cartels.
Nigerian minister advocates use of solar energy
The minister made this remark recently in her office when the managing
consultant of the African-Asian investor's management gave a presentation on
the benefit of solar energy. She equally said that the solar energy has a
pivotal role to play in sourcing for alternative energy supply for Nigeria.
NRC releases findings on inattentive guards at Peach Bottom
"Multiple security guards were inattentive on multiple occasions" in the
security "ready room" at Peach Bottom earlier this year, an NRC inspection
concluded in findings released October 9.
Oil for food
International oil prices set a new record, exceeding $ 81 per barrel.
Just like in the 1970s when oil grew in price for the first time, Russia
increases oil export and exchanges petrodollars for import.
“Russia’s dependence on oil prices is strongly
exaggerated, and will be decreasing with each year. Just a quarter of
Russia’s economy growth was secured by means of favourable oil prices
last year.
Pakistan to receive $510 million to promote renewables
Pakistan will receive a loan of US$510 million to develop renewable
energies, as one of the first programs under a new initiative of the Asian
Development Bank.
Power Watchdog Calls for Action on Green Projects
Scotland --The electricity regulator has called for action to speed up the connection
of green energy schemes to the National Grid, including many which are stuck
in planning.
Quote of the
Day 101207
It was awarded "for their efforts to build up and disseminate greater
knowledge about man-made climate change, and to lay the foundations for the
measures that are needed to counteract such change."
The Norwegian Nobel committee said after awarding the 2007 Nobel Peace
Prize Friday to former US vice president Al Gore and the Intergovernmental
Panel on Climate Change (IPCC).
Reef Relief to shine-- Keys Energy wants solar to be model for others
Reef Relief, an organization dedicated to protecting
coral, hopes to power its Key West office through a solar-power array to
be installed on the roof. Reef Relief and Keys Energy are applying for
grants to fund the project that the utility hopes will b come a model
for others to follow.
Renewable energy accounts for 8% of China’s total consumed energy
By the end of 2006, China's renewable energy utilization amounted to 200
mm tons of standard coal (excluding the traditional use of bioenergy),
accounting for 8 % of total energy consumption in China -- 0.5 percentage
points higher than that of 2005. This was revealed at the 2007 World
Solar-energy Conference held in Beijing.
Russia Detains 10 at Nuclear Waste Protest
Police in Russia's second city of St Petersburg detained around 10 people
on Thursday protesting against the arrival of a ship carrying nuclear waste
from Europe.
Russia
is far from oil's peak
The good news is that panic scenarios about the world
running out of oil any time soon are wrong. The bad news is that the
price of oil is going to continue to rise. "Peak Oil" is not our
problem. Politics is. Big Oil wants to sustain high oil prices.
South America embracing ties with Iran
Vilified by some world leaders, Iran's president came to Bolivia to
strengthen ties with South American leftists who are embracing him as an
energy and trade partner and counterweight to US influence.
Thailand's
fuel supply woes
A wave of organized and well-attended protests against new coal-fired power
generation projects could become a major hindrance to the diversification of
fuel usage in Thailand's gas-dominated electricity generation sector.
The
Alternative To Pump And Treat
Sometimes, an important technological advance begins with a small step –
back! Such is the case with remediation of hydrocarbons from groundwater
utilizing existing recovery and monitoring wells.
The oil race is on-- India also wants Latin American oil
It is no revelation to say that India, as it begins to
bloom as a global power, is adopting a China-like posture in its search
for new oil suppliers.
The Presidential
Debate
The leading presidential candidates are for the most part using standard
political rhetoric when they talk about energy, calling for energy security,
energy independence, or self-sufficiency. They are all jumping on the
alternative energy bandwagon, bandying about any number of figures for what
percentage of the nation's energy needs should be supplied by alternative
sources and when.
The Solar Farmer
Six Colorado farmers install solar panels on the unused
corners of pivot irrigation systems; offset part of the energy need for
pumps and motors.
'Too Cheap' Electricity Must Surge in Price to Meet Greenhouse Gas
Targets
Electricity is "too cheap" and prices will have to rise if Britain is to
meet tough targets for reducing greenhouse gas emissions, Scottish and
Southern Energy has warned.
Tritium level high in water at S.C. plant-- Radioactive material at
Catawba nuclear site above EPA safe-drinking
State and federal authorities are investigating the discovery of radioactive
tritium in groundwater at a Duke Energy nuclear power plant in York County.
U.S. - Consumer Tapped Out, But Sub–Prime Problems Contained
Although U.S. Personal Spending and Personal income
figures did not receive much coverage in the currency market, they were
perhaps the most telling Q2 U.S. economic releases. In both April and
May, the spread between personal income and personal spending turned
negative—an ominous sign that the U.S. consumer may be tapped out.
U.S. EPA Orders Two Arizona Water Companies To Monitor Drinking Water
For Disinfection Byproducts
According to the EPA, South Mountain Water Company and
the Signal Peak Water Company each failed to submit a plan detailing how
it will monitor and sample for disinfection byproducts that could be
produced when chlorine, ozone, or chlorine dioxide is used to disinfect
the water.
U.S. ranked most attractive country for renewables
The United States continues to be the most attractive country in the
world for renewable energy markets, followed by a three-way tie for second
place among India, Spain and the United Kingdom.
U.S. utility commits to solar thermal
One of the largest generators of green power in the U.S. will invest US
$2.4 billion to increase solar thermal energy output in the country, while
reducing carbon emissions that contribute to global warming.
UK coal-fired power plant developers set to challenge government
A decision by the UK government to back only the post-combustion version
of clean coal technology is set to be challenged, Platts has learnt.
UK Government gives £170m boost to low-carbon energy technologies
Yesterday the UK government announced that is to give an additional £170m
($348m) to the cross-Government Environmental Transformation Fund (ETF),
which means that its investment in the commercialization of low-carbon
technologies in the UK will exceed £370m over the next three years.
UK Government-- We are committed to wind power
The Government's continuing support for renewable energy will be underlined
today by Malcolm Wicks in his keynote address to the wind industry annual
conference in Glasgow.
He will tell the British Wind Energy Association that he is giving Devon
Wind Power the go-ahead for their 66MW Fullabrook Down wind project in north
Devon.
UK oil output increases due to six new oilfield start-ups
UK crude oil production increased 2.8 % during the second quarter
compared with the same quarter a year ago due to the start-up of six oil
fields, including the very large Buzzard field in the UK North Sea, the
government's latest energy statistics report showed.
UN
hopes to broaden role on Iraq
The UN is ready to broaden its activity in support of Iraq, Secretary
General Ban Ki-moon has said. Mr Ban said at a key meeting in New York the
time for determined action on Iraq had come, but that a greater UN presence
would need better security.
Understanding Financing Structures in the Wind Industry
There have been a number of financing structures
developed in recent years to help fund the rapid expansion of the wind power
industry in the United States. A new report from the Lawrence Berkeley
National Laboratory released last month examines these financing options to
provide a better understanding of how these complex structures work.
US believes world energy revolution needed for climate
US Secretary of State Condoleezza Rice said the world needs a revolution
on energy that transcends oil, gas and coal to prevent problems from climate
change.
US congressional Democrats may bypass Republicans on energy bill
The House and the Senate have already passed their own energy bills. But
"it appears that the Senate will not be able to move to a formal conference
process [to reconcile differences in the two bills] as the Speaker prefers,"
US DOE to pump $197 mil into developing carbon storage projects
Long term and industrial-scale carbon capture and storage from coal-fired
power plants received its latest major backing on Tuesday as the US
Department
of Energy and private sector partners pledged $318 million for three
projects
to sequester a total of 2.5 million tons of carbon dioxide per year.
US Employment Figures Nudge Mortgage Rates Upward
Freddie Mac (NYSE:FRE) yesterday released the
results of its Primary Mortgage Market Survey (PMMS) in which the 30-year
fixed-rate mortgage (FRM) averaged 6.40 percent with an average 0.4 point
for the week ending October 11, up from last week when it averaged 6.37
percent. Last year at this time, the 30-year FRM averaged 6.37 percent.
US environmental groups ask Democrats to drop fuels provision
When the Senate passed a wide-ranging energy bill in June, many
mainstream environmental groups applauded a provision in the legislation
that
would require 36 billion gal of ethanol and other renewable fuels to be
blended into US gasoline supplies by 2022.
USDA to grant $11 million for biofuel water quality studies
The US Department of Agriculture will award more than $11 million in
grants to universities nationwide to address water supply and water quality
issues, especially related to bioenergy production, acting USDA Secretary
Chuck Conner said Thursday.
Venezuelan officials take issue with OPEC production quota figures
Venezuelan Oil Minister Rafael Ramirez as well as other
country officials have taken issue with the latest oil production quota
figures published by OPEC.
Weighing nuclear energy-- Global warming concerns have opened minds
about fuel
Nuclear power is not the solution to global warming, any more than any other
currently available technology, says Jim Ferland, Public Service Company of
New Mexico's vice president for energy resources.
Western Australia expects domestic gas prices to quadruple
Report author analyst Ian Christie says the days of $ 2 gas are gone and a
short-term supply gap will spike prices at between $ 7 and $ 10 per
gigajoule in the next two to three years until new supply comes on line
early next decade.
What's Moving the Oil Markets 101207
•Crude futures drifted lower Friday, taking a breather after their near
$2/barrel surge seen in late-Thursday trading following the release of the
latest US weekly inventory data, which showed an unexpected draw in crude
stocks.
•Although the EIA's data lacked a clear bullish signal,
the whole complex took direction from it to rally on Thursday,
particularly from the drop in crude stocks.
October 9, 2007
$5B
windfarm planned for Australia
A massive wind farm planned for southeastern Australia would provide as much
electricity as a large coal-powered plant.
If the plant is constructed, it could reduce Australian greenhouse gas
emissions by more than 3 million tons of carbon dioxide per year, the
newspaper said.
Americans likely to spend 10% more to heat homes this winter-- EIA
The 7.8 million US households burning heating oil to stay warm in the winter should see the biggest expenditure increases this winter, and are projected to spend $1,785, or 21.8% more than the $1,466 they spent to heat their homes from October 1 to March 31 last year, EIA said in its Winter Fuels Outlook report.
Analyst warns of lower oil price, downgrades Hess and Oxy shares
An expected near-term softening of crude prices prompted one analyst
Monday to downgrade the oil-heavy shares of Hess and Occidental Petroleum.
Carbon Disclosure Project-- SUEZ Honored for its Disclosure on Climate
Change
SUEZ has been recognized among the top companies worldwide for its approach
to climate change disclosure by the Carbon Disclosure Project.
China in Danger of Over-Heating -Top Planner
China has failed to contain the risk of an over-heating
economy, the country's top economic planner said in remarks published on
Thursday.
China Shuts Down More Small Power Generators to Save Energy
China shut down 253 small coal-fired generating units in the first nine
months this year amid nationwide efforts to save energy and reduce
emissions, the country's top planning body announced on Monday.
Coal-emission cleanup a challenge for utilities
Coal-powered utilities, under intense pressure to cut
carbon emissions, say the country needs the electricity that coal
generates and they need time to enact controls on discharges.
Groups like the Sierra Club, however, want an immediate end to coal's
use -- in the United States and around the world -- to slow global
warming.
Corporate
Board's New Faces
Never before has the utility industry been inundated
with so many problems. And, many of the other executives sitting in
those boardrooms increasingly are looking to the tech experts for
solutions that they needed "last week." Modern tech didn't create most
of the problems, but it is certainly expected to come up with answers,
and quickly.
Crude futures drift lower as US dollar recovers slightly
Global crude futures drifted lower Monday in European morning trading,
with the market treading water after a strong end to the session late
Friday.
Oil prices continued to track the US dollar index, which is the main
price indicator of late with few fundamentals to overshadow technicals,
analysts wrote
Duke to cut North Carolina rates by $233 mil, defer climate costs
In an agreement and partial settlement filed with the North Carolina
Utilities Commission late Friday, Duke said the rate cut is possible because
it would delay the recovery of $901 million in environmental compliance
costs
until it next files for a rate increase, probably in 2010.
Eco-groups appeal permit for coal-fired plant
Three conservation organizations are appealing a federal permit that would
allow a Utah coal-fired power plant to expand, an act the organizations say
would dump nearly 2 million tons of greenhouse gases into the atmosphere
annually.
Edwards says no to nuclear plant construction
Even though Kentucky isn't expected to influence who becomes the Democratic
presidential nominee in 2008, John Edwards took plenty of time on Thursday
to explain his ideas to about 1,000 people during a stop at Columbus-Belmont
State Park.
Egypt Plan to Green Sahara Desert Stirs Controversy
It looks like a mirage but the lush fields of
cauliflower, apricot trees and melon growing among a vast stretch of
sand north of Cairo's pyramids is all too real -- proof of Egypt's
determination to turn its deserts green.
Five Facts About the Global Problem of Desertification
About 1.2 billion people are at risk from desertification as deserts expand
and degraded dry lands cover close to a third of the world's land surface
area, the United Nations estimates. Here are five facts about the phenomenon
of encroaching desert lands.
For Wave Energy, New Federal Process is Sink or Swim
A new federal hydropower licensing process will either anchor the wave
energy industry or be the weight that sinks the ship, Northwest energy
developers and agencies told federal energy regulators Tuesday.
French utility EDF warns of massive UK power generation deficit
France's EDF Energy is warning that a generation deficit of between 15 GW
and 33 GW will arise by 2015 because of the closure of nuclear, oil and coal
plants in the UK.
Gore Slams US-Led Climate Pact as Sham
Former US Vice President Al Gore slammed the United
States and some other big polluters for forming what he called a sham
global warming pact separate from the rest of the world.
Greenhouse
Gas Levels Grave
Strong worldwide economic growth has accelerated the
level of greenhouse gas emissions in the atmosphere to a dangerous
threshold scientists had not expected for another decade, according to a
leading Australian climate change expert.
In Inner Mongolia, Steppes are Turning to Sand
The steppes of Inner Mongolia are arid even at the best
of times, but low rainfall as world temperatures rise is turning these
grasslands into sand.
Is energy independence a realistic notion?
On Sept. 19, 2007, Republican candidate Mitt Romney delivered the
standard Republican stump speech decrying big government and advocating
lower taxes. He criticized members of his own party for spending too much
and said the United States is too dependent on foreign oil.
National Source Tracking System launch delayed
The start of operations for the NSTS, a national tracking
system
for monitoring the location and movement of radioactive sources, was set to
have begun in November.
Obama to 'make dirty energy expensive' if elected US president
US Senator Barack Obama Monday said he would "make dirty energy
expensive" if he is elected president in 2008, and that he would consider a
banning "new traditional coal facilities."
Panel focuses on solar energy-- State wants big boost in sun power
Going green is hot, and so is solar energy. The
legislation is awaiting approval by Gov. Arnold Schwarzenegger.
California's goal is to generate 3,000 megawatts of electricity from
solar energy by 2017, according to the Public Utilities Commission and
state Energy Commission.
Princeton study tells how to reduce carbon dioxide
Stephen Pacala and Robert Socolow maintained that proven technology can halt
the increase in carbon dioxide if applied on a large scale over the next 50
years.
Report of Solar-Geophysical Activity 100707
Solar activity was very low. The geomagnetic field was
quiet.
Spain Plants Trees to Offset its Greenhouse Gases
Spain's emissions in 2006 were 48 percent above their level in 1990, the
base year for the Kyoto agreement under which most developed countries are
committed to cutting their contribution to global warming.
Spectrolab's Solar Breakthrough
Spectrolab, a subsidiary of Boeing, recently
demonstrated the ability of a photovoltaic cell to convert 40.7% of the
sun's energy into electricity.
State sees roadside solar panels ahead
A little-known office in the Oregon Department of Transportation, assigned
to pursue innovative new ideas, is planning pilot installations of
photovoltaic solar panels on state property such as road shoulders, noise
barriers along highways, and bridges.
The EPA Announces the Largest Single Environmental Settlement in History
American Electric Power has agreed to cut 813,000 tons
of air pollutants annually at an estimated cost of more than $4.6
billion, pay a $15 million penalty, and spend $60 million on projects to
mitigate the adverse effects of its past excess emissions.
Tidal Energy set for sea-change in productivity
Tidal energy, is more predictable than wind or solar and
can produce 20% of the UK’s current energy needs. Capturing four times
more energy than anything air based, tidal energy has real potential.
UK Government-- UK is magnet for renewable energy investment - Hutton
US wind energy investment blows into North East.
Californian energy giant Clipper Windpower is to develop a new generation of
offshore wind turbines in the North East of England.
Uranium spot price holds at $75 pound; buyer interest increases
The spot price of uranium is holding at $75 a pound U3O8, TradeTech and
Ux Consulting reported, adding that they have seen evidence of increased
buying interest at that price.
What's Moving the Oil Markets 100907
•Global crude futures lost further ground in European
morning trading on Tuesday, continuing to edge down and extend losses seen
on Monday. Market sources pointed to a strengthening US dollar--combined
with selling-sprees by funds--as the main bearish factor for the petroleum
futures complex.
• According to brokers and traders, the sentiment behind yesterday's selloff
continued into Tuesday, with little new buying incentives seen. "After
yesterday's selloff the sentiment remains the same.
October 5, 2007
Arctic Melt Threatens Indigenous People
Sheila Watt-Cloutier, who is among those tipped to win the 2007 Nobel Peace
Prize on Oct. 12, said global warming was happening twice as fast in the
Arctic as elsewhere on the planet with mainly negative consequences for
indigenous peoples.
Are Coal
Gas Claims Hot Air?
Tampa Electric Co. is touting its proposed $2 billion coal gasification
power plant in Polk County as "clean coal technology."
For some pollutants, TECO's claim is true. When it comes to greenhouse
gases, however, the plant will be a major polluter, emitting 5.4 million
tons of carbon dioxide a year.
As
China rises, pollution soars
No country in history has emerged as a major industrial power without
creating a legacy of environmental damage that can take decades and big
dollops of public wealth to undo.
Biofuel Bandwagon Slows as Feedstock Prices Surge
The biofuels bandwagon may be running out of gas with soaring costs
for feedstocks like wheat and palm oil prompting producers to shelve planned
plants and cut output at existing facilities.
Bright Idea-- Change a Light, Change the World with Energy Star
"Protecting the environment, while saving money, is as
easy as changing a light. And through the Change a Light bus tour, we're
taking that message on the road," said EPA Administrator Stephen L.
Johnson.
Canada Changes Course
Canada is changing course when it comes to dealing
with climate change. Under Prime Minister Stephen
Harper, it will quit participating in the Kyoto Protocol
when it expires in 2012 and will join the Asia-Pacific
partnership.
Company signs deal, avoiding mine foreclosure
Colorado Springs-based Westmoreland Coal Co. said Monday
it has ended a yearlong dispute with the only customer of its
second-largest mine, averting a possible closure.
DIA going solar with high-tech system Two companies will build a two-megawatt solar energy system at
Denver International Airport.
The system, which will be up and running next year, is
expected to generate 3.5 million kilowatt-hours of electricity
annually. The companies said that will reduce carbon emissions
by more than 5 million pounds a year.
Duke chief wants to grow efficiency plan
Duke Energy Corp. chief executive Jim Rogers said Monday
he wants to expand his save-a-watt program -- a novel approach to energy
efficiency that would allow the utility to make money by persuading
customers to use less electricity.
Everyone to Pay for Climate Change
Not overtly spending now on the fight against climate change would still
cost something, effectively borrowing from the future at the cost of future
damage of widely expected extreme weather including floods, drought and sea
level rise.
Families claim MSHA didn't do its job at Crandall Canyon
Family members who testified before the House Committee on Education and
Labor
questioned why MSHA approved a mining plan for Crandall Canyon that allowed
the company to perform retreat mining and why the agency wasn't in charge of
giving the families information as opposed to Murray Energy executives.
Find another planet and plant it with soybeans
Elliot Wilson says there isn’t enough arable land in the world to make
plant-based fuels a viable alternative to oil
‘Biofuels?’ Ricardo Leiman gives an imperious snort, his eyebrows
wobbling. ‘Biofuels?’ he repeats in an offended tone, as if asked to
perform a lewd act. ‘There’s about 20 million tonnes of processed edible
oil on the planet right now — not enough to fulfil 5 per cent of Europe’s
energy needs, let alone any of the huge demand in the US, China, India or
anywhere else.’
Former CIA director discusses U.S. energy security
Plug-in hybrid cars are part of the answer in breaking oil's monopoly on the
country's transportation system, former Central Intelligence Agency Director
James Woolsey said Wednesday.
Governor, ranchers welcome the wind
"We have 18 of them (turbines) on our ranch. It might
help things just a little," Gene Hahn said with a wry smile on his face.
Ranchers and farmers like the Hahns are a major reason the facility was
built east of Grover...
Is the US Losing Its Productivity Edge?
Authors Mary Amiti and Kevin Stiroh argue that strong labor productivity
growth in China, India, and other emerging markets is likely to have mixed
effects on the U.S. economy. U.S. firms and workers in direct competition
with these economies may be subject to “potentially painful disruptions and
reallocations.” At the same time, however, U.S. consumers will benefit from
lower import prices and more import varieties, and U.S. exporters may see
demand for their goods rise as foreign productivity growth boosts incomes
abroad.
Key House Democrat set to propose GHG cap-and-trade system
A key Democrat in the US House of Representatives is poised to introduce an economy-wide cap-and-trade system on all greenhouse gas emissions.
'Let Homeowners Sell Green Power to Grid
London (UK)--Owners of power-generating windmills or solar power systems could make money
by selling excess electricity back to the national grid, under plans
announced by the Tories today.
Most Americans want local action on global warming-- poll
Nearly three-quarters of Americans are willing to pay more in taxes and
other expenses to support local government-led initiatives to reduce global
warming, according to a survey released Thursday.
Nevada could get huge solar thermal plant
Clean-energy pledges made last week at the Clinton
Global Initiative in New York include one from a company that's looking
at Nevada as a possible site for a big solar-thermal power plant.
Nevada Senator Calls for National Renewable Energy Zones
New legislation urges U.S. to invest in new transmission lines to bring
renewable energy to the grid.
Nuclear Jobs
The utility workforce is graying. That's no secret. But,
the matter is particularly acute in the nuclear sector where half of the
schools that train everyone from engineers to plant operators have
dropped by the wayside over the last 25 years.
NYMEX crude opens 44 cents lower as US dollar firms on data
November crude futures on the New York Mercantile Exchange opened 44 cents lower at $81.00/barrel Friday, dropping prior to the start of open outcry as the US dollar firmed in the wake of the US jobs report.
Poll-- Americans wrong about computer security
Most Americans believe their computers are protected against viruses
and spyware, but scans found that a large number had outdated or disabled
security software, according to a poll released on Monday.
Pure H20 Finalizing Distributor Agreements In Multi-Billion Dollar
Indian Marketplace
Pure H2O, Inc., a provider of novel, advanced water and
wastewater treatment systems, announced that they have begun finalizing
the distribution agreement for the H2Pur and Nano-Air in India.
Quote of the
Day 100507
"No country, no matter how powerful, can decide
unilaterally where an oil company can invest. If a company like ours had to
listen to other countries on deciding what is good and what is bad where
would it be?"
The CEO of France's
Total, Christophe de Margerie, said Friday in an interview with Le Monde.
The company had not received any pressure from the French government to halt
activities in Iran, but said it had had "strong pressure" to do so from the
US.
Recovery From Acid Rain Slower Than Expected
Acid rain was one of the world’s worst pollution
problems of the 1970s and 1980s, affecting large areas of upland
Britain, as well as Europe and North America.
Regulator says U.S. action may permit line rejected by AZ
Federal designation of swaths of Arizona and Southern
California as a critical electric transmission corridor could open the
door for a California utility to build a major cross-desert power line
that Arizona has rejected, a state regulator said Tuesday.
Report of Solar-Geophysical Activity 100507
Solar activity was very low. The visible disk remained
spotless.
The geomagnetic field ranged from quiet to active levels due to a recurrent
coronal hole high speed steam.
Russian coking coal demand spills over to US
With Russians, Ukrainians and Romanians nosing around US producers for metallurgical coal supplies, and the Australians continuing to struggle to meet commitments to Asian coking coal customers, the market couldn't be better for US met coal, the Alpha Natural Resources top executive told Wall Street analysts.
Shortage of Renewable Energy Grows
Demand for renewable energy is outstripping supply, pushing up prices and
raising the specter that some states may not meet clean-energy mandates.
Behind the shortage are the growing number of states requiring utilities
to include clean energy in their power mix, as well as surging demand from
big businesses.
Soft dollar may make it tougher for US to win spot LNG cargoes
The recent decline in the US dollar compared with other currencies could make it more difficult for the country to attract spot liquefied natural gas cargoes, analysts said.
Spot gold in Hong Kong rebounds on US dollar weakness
Hong Kong gold prices rebounded from earlier losses Friday and opened
sharply higher at $735.60-736.10/oz, compared with Thursday's close of
$725.60-726.10/oz.
The US Dollar Index dropped 23.9 points on Thursday following the release
of August factory orders by the Department of Commerce, which fell 3.3%, the
lowest level since January 2007.
The Power of
Conservation
Sweltering temperatures and rolling brownouts have
pushed a novel idea to the front burner: demand
response, which advances technology so that consumers
are able to curtail their energy usage during peak
periods.
U.S. Agency Funds Climate Change Projects in Nine Nations
The U.S. Environmental Protection Agency (EPA) will spend $2 million in nine
countries to fund climate-change projects that enhance the capture and use
of the powerful greenhouse gas methane.
Uranium spot price falls $10 to $75pound; analysts see bottom
The spot price of uranium dropped $10 over the last week to $75/pound
U3O8, according to both TradeTech and Ux Consulting.
Some analysts believe the market may have now reached a bottom and
that the spot price will now head back up as more buyers begin looking for
material.
US DOE turns down $9.5 billion offer to clean uranium facilities
The US Department of Energy has rejected an Energy Solutions and USEC
proposal for a $9.5 billion sole-source contract to decontaminate and
decommission DOE's Portsmouth, Ohio, and Paducah, Kentucky, uranium
enrichment
plants, two lawmakers said Tuesday.
US Energy Department finalizes clean-energy loan guarantee rules
The US Department of Energy issued final regulations Thursday for a program that will provide billions of dollars in federal loan guarantees for clean-energy projects.
US Mortgage Rates Ease Up Slightly as Market Turmoil Continues
Freddie Mac (NYSE:FRE) yesterday released the
results of its Primary Mortgage Market Survey (PMMS) in which the 30-year
fixed-rate mortgage (FRM) averaged 6.37 percent with an average 0.5 point
for the week ending October 3, down from last week when it averaged 6.42
percent. Last year at this time, the 30-year FRM averaged 6.30 percent.
US Weather
Commentary 100407
* Very Hot National Summer 2007 officially registered, with the anticipated
cool zones across coastal California, Pacific Northwest,
Texas/South-Central, and Maine.
Other Weather Highlights of the 2007 Summer Season:
Utility fined over fly ash-- Constellation Energy, Arundel dump owner
get $1 million penalty
In the biggest fine the state has levied on a polluter
in at least seven years, Maryland slapped a $1 million penalty yesterday
on Constellation Energy and the operator of its fly ash dump site in
Anne Arundel County for contaminating drinking water.
Vast African Dump Poisons Children-- U.N
Located near slums in the east of the Kenyan capital Nairobi, the open dump
receives some 2,000 tons of garbage daily. A U.N. study published on Friday
says it is seriously harming the health of children and polluting the city.
What's Moving the Oil Markets 100507
•Global crude futures were slightly
stronger Friday, taking a breather from the strong technically led rally
late Thursday.
•On Thursday, a weakening US dollar prompted a rally across the energy
complex. The US Dollar Index dropped 23.9 points following the release of
August factory orders by the Department of Commerce, which fell 3.3%, the
lowest level since January 2007.
World Climate Deal Faces Hurdles for '09 Deadline
A growing sense of urgency is pushing world leaders to
agree a new treaty to fight climate change but the US presidential
election might still foil hopes of a deal by the end of 2009, experts
told a Reuters summit.
Many countries, including the United States and its main industrial allies
in the Group of Eight, want a climate pact agreed by the end of 2009 to help
slow warming that may bring more floods, droughts, heatwaves and rising
seas.
Years late, work on Illinois power plant begins
After years of delays and hundreds of millions of
dollars in cost increases, Peabody Energy Corp. and its partners
officially began construction of the Prairie State Energy Campus -- a
huge coal-fired power plant that will produce electricity for 1.7 million people
across the Midwest.
October 2, 2007
Alberta Ends Cap on Wind Power, Sees Expansion
Alberta will lift a cap on the amount of wind-generated
electricity on the provincial grid, a move aimed at kick-starting about
C$6.6 billion of planned projects, industry officials the western
Canadian province said Wednesday.
Americans consider global warming 'urgent threat'-- poll
A growing number of Americans consider global warming an important threat
that calls for drastic action, and 40 percent say that a presidential
candidate's position on the issue will strongly influence how they vote,
according to a national survey conducted by Yale University, Gallup and the
ClearVision Institute.
Ancient Fossils Points to Carbon Dioxide As a Driver of Global Warming
A team of American and Canadian scientists has devised a
new way to study Earth's past climate by analyzing the chemical
composition of ancient marine fossils. The first published tests with
the method further support the view that atmospheric CO2 has contributed
to dramatic climate variations in the past, and strengthen projections
that human CO2 emissions could cause global warming.
APS looks to grow algae fuel at power plant
Arizona Public Service Co. and a partner alternative-fuels company will
try to create biofuels from algae grown using carbon dioxide emissions
from a coal-burning power plant, following a successful experiment at a
natural gas-fired plant.
Arctic Thaw May be at 'Tipping Point'
A record melt of Arctic summer sea ice this month may be
a sign that global warming is reaching a critical trigger point that
could accelerate the northern thaw, some scientists say.
ASKING THE TOUGH QUESTIONS ON HEALTH FREEDOM
Fifteen people (or so) want to be the next President of the United
States. Where do they stand on the Health Freedom questions that
will protect - or destroy - your access to natural health options?
Australia Beef Crisis Hits as Drought Decimates Wheat
Record high grain prices have thrown Australia's A$4
billion (US$3.5 billion) beef cattle industry into disarray, emptying
feedlots, cutting cattle saleyard prices and triggering price rises for domestic and
exported beef.
Bathroom Sink Faucets To Bear WaterSense Label
Consumers will soon be able to identify
high-performance, water-efficient sink faucets for their bathrooms now
that EPA has released a product specification for ones that use about 30
percent less water than conventional models.
Bridging the Clean-Tech Developing-World Divide
"...what would the world look
like if it were a village of 100 people."
The results are eye opening. According to the Miniature Earth web site, 74
people would come from Asia and Africa, while just 8 would come from North
America. 30 people would live without electricity, 16 would have inadequate
access to potable water, and 13 would be hungry or suffer from malnutrition.
Equally staggering, more than half of the population would live on less than
US $2 per day.
Bush proposes international clean energy technology fund
The US wants to lead the creation of an international clean energy
technology fund that can be used to finance greenhouse gas reduction
projects,
President Bush said Friday in a speech at a US-led climate change summit.
Candidates Talk of Alternative Fuels, Different Goals
When Democratic and Republican presidential candidates push renewable energy
from wind farms, solar cells and biofuels, one might think they're all
talking about the same thing.
Clean Energy Pledges May Lead to Solar-Thermal Power Plant in Nevada
Clean-energy pledges made Thursday at the Clinton Global
Initiative in New York include one from a company that's looking at
Nevada as a possible site for a big solar-thermal power plant.
Coalition of eight utilities agrees to emphasize energy conservation
A coalition of eight utilities, including Kansas City-based
Great Plains Energy, unveiled plans Thursday to emphasize energy
conservation over building more power plants.
Conservationists conduct own summit on climate change
Conservationists with low expectations for President Bush´s
global warming gathering at the White House Thursday and Friday organized
their own parallel summit to keep momentum churning toward a United Nations
solution to climate change.
Crude futures fall further after large Monday losses
Global crude futures continued to head south in European morning trading
on Tuesday, continuing the losses in Monday's broad selling spree across the
petroleum complex.
Crude retreats from last week's highs, low dollar remains support
Global crude futures lost further ground in early European trading,
following the falls ahead of settlement for both NYMEX WTI and ICE Brent at
the end of last week. But prices remained underpinned by ongoing weakness in
the US dollar, with the euro climbing to a fresh all-time high against the
dollar of $1.4286 Monday.
Duquesne Light CEO lauds clean coal
Pennsylvania's approach to ensuring a steady power supply at reasonable
costs in coming years can't focus just on developing wind and other
so-called environmentally friendly technologies, Morgan K. O'Brien, CEO of
Duquesne Light Co., said Thursday.
Fact Sheet-- Toward a New Global Approach to Climate Change and Energy
Security
President Bush Addresses Climate Change at First Major Economies Meeting
on Energy Security as Part of His New Initiative in May 2007 and Welcomed by
G8 Leaders in June and APEC Leaders in September
First of two trials in Davis-Besse case set to begin today in Toledo--
Former workers charged with lying about safety issues
Hadn't the nuclear industry learned its lesson from the panic that ensued in
March, 1979, when half of the Three Mile Island Unit 2 reactor core melted
near Harrisburg, Pa.? And where was the Nuclear Regulatory Commission, the
government agency that's supposed to protect the public?
Global Credit Quality Continues to Decline
Kamakura Corporation reported last
week that eight percent of global public companies were classified as
troubled by the end of September, the fourth consecutive monthly decline in
credit quality. The Kamakura troubled company index was 7.7 percent in
August and 6.3 percent as recently as June.
GO GREEN! --EPA News You Can Use - October 2007
ENVIRO-TIPS OF THE MONTH. WHAT YOU CAN DO, WHAT YOU CAN USE
Governor fires up attack on emissions-- Vow to go 'green' comes amid
push for coal use
Gov. Rod Blagojevich is mulling plans to rid the state
of traditional, energy-wasting lights as part of a sweeping package of
policy changes intended to cut greenhouse gases by 25 percent by 2020,
the same target set by California and bipartisan measure pending in
Congress.
Green Group to Target Banks Financing Coal Projects
Environmentalists are stepping up their assault on the
coal industry by targeting two major banks that finance the mine
companies blamed for greenhouse gas emissions.
Heading Off a Potential Recession
When the
Federal Reserve cut a key interest rate by a half of a
percentage point, it triggered a vigorous debate. The
central bank, which works to balance economic growth
with inflationary pressures, is now tested as to where
its allegiance lay.
Heritage Oil signs PSC with Kurdish Regional Government
Canadian independent Heritage Oil has become the second North American company in two months to enter into a production sharing contract with the Kurdistan Regional Government in Iraq following approval in August of Kurdistan's own Oil and Gas Law.
House Panel Approves Mortgage Forgiveness Debt Relief Bill
The House Committee on Ways and Means last week
unanimously approved H.R. 3648, the Mortgage Forgiveness Debt Relief Act of
2007, in response to some of the tax issues that have arisen as a result of
problems in the subprime mortgage market.
Illinois feedlots must stop discharges
The U.S. EPA has ordered five Illinois feedlots to stop
unauthorized discharges of manure and wastewater and comply with the Clean
Water Act.
Inbox 100207
Looking Down on Creation: Over the weekend I read
"Fight for the Top of the World," the lengthy Time
Magazine
cover story
mentioned here last week that analyzes the impacts of
climate change in the Arctic. So I can now affirm that the
article is very much worth the time it takes to read it.
Malaysia delays switch to cleaner motor fuel until further notice
Malaysia will delay plans to switch to cleaner gasoline and diesel for motor vehicles in the fourth quarter to an unknown future date, industry sources said Monday.
Merrill Lynch creates two biofuels indexes
Merrill Lynch Monday said it has created two biofuels indexes for
investors, the MLCX Biofuels Index and the MLCX Biofuels Plus Index.
Meters to spin
faster
"A new meter, whether it be an electric meter, water
meter, gas meter, any meter that registers utilities, will become slower
over time," Yeager said. "They get dust in them, they get moisture in
them, oxidation, they gum up. It's just a natural progression of things.
You put a new meter in, it's going to be installed to manufacturer
specifications. "So, in the sense that is a new meter faster than an old
meter, probably the answer will always be yes.
Michigan lawmaker proposes $50 st carbon tax on fossil fuels
The coal industry could expect a $50/short ton levy on carbon dioxide
emissions from fossil fuels and the oil companies a 50cts/gallon increase in
gasoline taxes if a legislative proposal from Democratic Representative John
Dingle of Michigan was to succeed.
Montco turns on the wind power-- Lone Democrat official cries foul over
how the deal transpired.
Montgomery County commissioners signed a deal Thursday that
will make their county one of the largest wind power users in the country.
More solar thermal from Ausra ...
In the last two days, two of the nation's largest utilities and a
California solar company have announced
$5-billion investment
in clean energy, and plans for enough
solar thermal
electricity to power more than
1-million homes.
Nevada utilities issue RFP for renewable power generation
The utilities are interested in buying renewable projects or entering
into power purchase agreements with developers, according to the request for
proposals.
Nuclear plant neighbors get pills
Federal officials are again offering pills that could provide some
protection during a nuclear emergency to neighborhoods surrounding two
Charlotte, N.C., area nuclear power plants. The latest round of
potassium iodide pills replaces pills offered five years ago that are
nearing the end of their shelf life. The pills would help reduce the
risk of thyroid cancer, which can be ...
OAP
INVENTS CAR OF THE FUTURE
Instead of using retirement to drop down a few gears, Willie
Gallacher has devoted the last seven years of his life to creating an
electro-magnetic drive motor which he believes could replace the
combustion engine.
Plant emission on East Coast decline
Many East Coast residents should be breathing easier as
smog-forming emissions of nitrogen oxides from power plants and industry
continue to decline.
Power
companies 'fail on climate'
The major UK power companies are still failing to meet the challenge of
climate change, wildlife charity WWF has claimed.
Report of Solar-Geophysical Activity 100107
G2 (Minor - Moderate) geomagnetic storms occurred on 27
September due to a disturbance in the solar wind flow. Category G1
(Minor) geomagnetic storms occurred during 28 - 29 September due to
high-speed solar winds from a coronal hole.
Rice Urges Nations to Find Cleaner Fuels
President Bush's climate meeting opened Thursday with its main problem on
full display: The biggest polluters — industrialized and developing nations
alike — say their economies are more important than global warming.
Scientists see dramatic drop in Arctic sea ice
Sea ice declined by so much this year that the typically ice-clogged
Northwest Passage, allowing vessels to sail from the Atlantic to the
Pacific, completely opened for the first time anyone can recall, the
researchers said.
Seller will go solar at Calif. stores
Macy’s Inc. will install solar power systems at 28 of its
California stores, which will have the capacity to generate 8.9 megawatts of
electricity.
Senators Steamed That U.S. Lags in Geothermal Power
The president of Iceland, where geothermal satisfies more than half of the
nation's power consumption, on Wednesday encouraged senators who have
ambitions for the energy source in the United States.
Statement by Acting Secretary Chuck Conner Regarding the Conservation
Reserve Program
"The U.S. Department of Agriculture will not offer penalty-free early
releases from Conservation Reserve Program contracts at this time. While
this year's global wheat market remains very tight, corn production is
expected to be record-high, and today's grain stocks report indicated
higher than expected stocks for corn and soybeans at the start of the
2007/08 crop year.
State's first-time deal for $10 million to offset oil refinery emissions
In the first deal of its kind
involving a U.S. oil company, ConocoPhillips has agreed to pay $10 million
to offset greenhouse gas emissions from a planned expansion of its
refinery in Contra Costa County, California Attorney General Jerry Brown
announced Tuesday.
Stronger dollar prompts mini correction in gold - trader
"The dollar is continuing to strengthen and this is putting gold under
pressure, but at the moment this is quite a healthy correction, even if it
was
a little unexpected by the market," said the trader.
Tapping The Sun
Cutting the Cost of Sunshine
Although the sun delivers its energy for no cost to the
Earth's surface, conversion of the solar radiation into
electrical energy is still expensive, particularly when used
on a large scale. High cost of the silicon used in
photovoltaic cells means that substantial investment is needed
if PV systems are to replace even just a fraction of
fossil-fuel electricity generation. This article from
Chemical & Engineering News presents some of the projects
aimed at making more affordable solar cells.
Tidal energy - no longer a pipe dream
Whilst tidal technology is barely out of the R&D phase
huge strides are being made to transform this industry into a commercial
entity.
UK
demolishes nuclear station towers
The four cooling towers at Calder Hall in Cumbria, northern England, the
world's first full-scale nuclear power station, were demolished Saturday,
the Sky News reported.
Vertigro Technology
The Holy Grail in the renewable energy sector has been to create a clean,
green process which uses only light, water and air to create fuel. Vertigro
Energy, Valcent's algae-to-biofuel technology mass produces algae, vegetable
oil which is suitable for refining into a cost-effective, non-polluting
biodiesel. The algae derived fuel will be an energy efficient replacement
for fossil fuels and can be used in any diesel powered vehicle or
machinery.
What's Moving the Oil Markets 100107
•Crude futures lost further ground Monday, following
the falls ahead of settlement at the end of last week. But prices remained
underpinned by ongoing weakness in the US dollar, with the euro climbing to
a fresh all-time high against the dollar of $1.4286 Monday.
What's Moving the Oil Markets 100207
•Crude futures continued to head south on Tuesday,
continuing the losses in Monday's broad selling spree across the petroleum
complex. The drop in flat prices for both ICE Brent and NYMEX WTI futures
was triggered by several factors, including a substantial weakening in the
front of the curves, a lack of fresh bullish news and strong downward
pressure from product futures, sources said.
•Most of the downward pressure Monday
emerged from weaker US product futures
Wind Farms, Property Values Can Grow Together
A new study of wind farms in two states shows that wind energy facilities do
not harm property values, and some new-home buyers are embracing the
benefits of such 'green energy' developments in their areas.
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