Category: Energy Matters

  • Oil Price Daily News Update

    Oil Price Daily News Update


    Crude Oil Analysis for the Week of March 5, 2012

    Posted: 04 Mar 2012 07:06 AM PST

    Weekly April crude oil posted a potentially bearish closing price reversal top last week. This formation typically leads to a 2 to 3 week break equal to at least 50 percent of the last rally. The key to this pattern’s success is the follow-through to the downside. A break through $104.84 will confirm the chart pattern and set up a possible break to $103.18 by the week-ending March 17. This doesn’t appear to be much, but a move through this level could set up a further decline into the 61.8 percent retracement level at $101.44. Last…

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  • Oil Price Daily News Update

    Oil Price Daily News Update


    Renewable Energy Investors Should Consider – Romania

    Posted: 03 Mar 2012 11:01 AM PST

    The European Union has been hammered by the global recession that began in 2008. The recession has bit particularly hard into the EU’s newest members, the Central and Eastern European nations that were either under soviet hegemony or worse, part of the Evil Empire (Estonia, Latvia and Lithuania.) So, where are investors to make a euro in such uncertainty? Well, for astute investors looking at renewable energy in the EU, one of the hottest bets right now is – Romania. Yes, THAT Romania, beloved of Hollywood for Dracula films, more recently…

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    The Global Shipping Industry’s Most Profitable Sector: LNG Shipping

    Posted: 03 Mar 2012 07:19 AM PST

    Record demand for liquefied natural gas (LNG) has created a huge new global industry for the vessels that carry the fuel. And that has created huge profits for the biggest LNG ocean tankers. Their day rates have skyrocketed… as much 2 to 3 times greater today than they were just 1-2 years ago. In fact, LNG (which is now shipped around the globe) has suddenly become the most profitable sector in the global shipping industry. It marks a sweeping turnaround from the latter part of the last decade, when the industry practically bottomed out. At that…

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    Greece Hopes Oil in the Ionian will Help its Economic Recovery

    Posted: 03 Mar 2012 07:14 AM PST

    Greece’s economic problems are well documented around the world, and a major contributor to the economic troubles experienced throughout Europe.  Greece must find a way to reduce their deficit if they have any hope of economic recovery. Several years ago some basic geological surveys were made in the western seas around Greece to determine the potential for gas and oil reserves. Currently Athens spends between €10 and €20 billion ($13.3-$16 billion) on oil imports each year, this equals about 5% of its GDP. The energy ministry…

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  • Iran reinforces nuclear facility against attack

    Iran reinforces nuclear facility against attack
    Telegraph.co.uk
    Otherwise, the power to disable Iran’s nuclear programme by military means would transfer to Mr Obama or his successor. Israel could find itself entirely dependent on the United States to counter what Mr Netanyahu considers to be an existential threat.
    See all stories on this topic »

  • New Battery to Revolutionise the EV Market

    New Battery to Revolutionise the EV Market

    By Charles Kennedy | Thu, 01 March 2012 23:29 | 1

     

    The biggest obstacles to mass production of electric vehicles and their popularity amongst the public are the cost, the range and their safety in collisions. All these obstacles are heavily influenced by just one part of the vehicle … the battery. The lithium ion batteries are very expensive to produce and can account for as much as 65 percent of the overall production cost. They can also only hold a limited amount of power which gives the car a very short range of travel, about 80 miles, before it needs to be recharged. The final obstacle is the safety of the vehicle due to the problem that some batteries can overheat and burst into flames, with the potential of a thermal runaway from one battery to the next.

    Envia Systems have now announced a possible solution to all these problems with the most energy dense battery ever. Their new lithium ion battery holds nearly twice as much energy per gram as current batteries. Sujeet Kumar, Envia co-founder and chief technology officer, stated that “we achieved 400 watt-hours per kilogram. We have made a 40 ampere cell in a large format that automakers can recognize and use.”

    Envia was granted $4 million by ARPA-e to create their battery. They began by using research performed at the Argonne National Laboratory which discovered that including manganese in the cathode of the battery increases the energy density of the cell. They then furthered this technology by focussing on the anode, where they discovered that integrating silicon with graphite and interlaced carbon fibres boosted performance even more.

    Envia’s battery is almost half as expensive as current equivalents at only $125 per kilowatt-hour, which means that car manufacturers who decide to use it will be granted twice the power at less than half the cost. All that remains is for the battery to undergo years of testing by the individual car makers who are interested in using it. Atul Kapadia, the CEO and chairman of Envia, said “we are working with all the brand names [carmakers] around the world,” he gave no exact reference as to which car makers will look at it, although GM is an investor.

    The high energy density enables the electric vehicles to travel much further. A Nissan LEAF with Envia’s batteries could travel 300 miles on a single $10 charge. Kumar said that, “we expect Envia’s next generation lithium-ion battery will revolutionize the [electric vehicle] industry by eliminating the three remaining barriers to mass adoption: cost, range and safety. The ability to drive up to 300 miles on a single charge will eliminate ‘range anxiety.’”

    By. Charles Kennedy of Oilprice.com

  • Nuclear News

    Google Alert – DANGER TO US NUCLEAR PLANTS

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    Google Alerts googlealerts-noreply@google.com
    11:19 AM (30 minutes ago)

    to me
    News 6 new results for DANGER TO US NUCLEAR PLANTS
    Palisades Nuclear Plant Not a Danger
    WKZO
    SOUTH HAVEN (WKZO) — About 100 concerned neighbors turned out for a community meeting held by The Nuclear Regulatory Commission in South Haven. Their aim was to calm fears about the safety of the Palisades Nuclear Plant. The NRC is partly responsible.
    See all stories on this topic »
    New Study Says Japan ‘Lucky’ to Avoid Wider Disaster
    Voice of America
    But they warn that dangers remain because of the way Japan’s nuclear industry is managed and regulated and how plants in the country were built. The 420-page report says the crisis at the Fukushima nuclear plant was made worse because the plant’s
    See all stories on this topic »
    Tritium leak: Post-quake radiation plume stokes concern
    The Hook
    Dominion Virginia Power has revealed that an elevated level of a radioactive substance called tritium has been found in groundwater near the plant, and the discover has nuclear watchdogs scoffing at the company’s efforts to downplay potential danger to
    See all stories on this topic »

    The Hook
    Nuclear Regulatory Commission tells public Palisades nuclear power plant is safe
    Kalamazoo Gazette – MLive.com
    By Fritz Klug | fklug@mlive.com Citizens listen as the Nuclear Regulatory Commission discusses the Palisades nuclear power plant during a meeting Wednesday in South Haven. SOUTH HAVEN — Living between two nuclear power plants, Bette Pierman has some
    See all stories on this topic »

    Kalamazoo Gazette – MLive.com
    Frontline’s Fukushima “Meltdown” Perpetuates Industry Lie That Tsunami, Not
    truthout
    Add to that the technical nature of the information, the global impact of the disaster, the still-extant dangers in and around the crippled plant, the contentious politics around nuclear issues, and the refusal of the Tokyo Electric Power Company
    See all stories on this topic »
    57 percent of local gov’ts near nuke plants favor conditional reactor restarts
    Mainichi Daily News
    2 Nuclear Power Plant, below, and No. 1 plant are pictured in this aerial photo taken from a Mainichi helicopter. (Mainichi) The majority of leaders of local governments located within a 30-kilometer radius from a nuclear power plant approve of the
    See all stories on this topic »

    Mainichi Daily News


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  • Oil Price News Update

    Oil Price Daily News Update


    American Energy Company to Invest $1 billion in Egypt

    Posted: 01 Mar 2012 10:54 AM PST

    The Arab Spring, which began early last year and swept eastwards across Africa’s Magreb, has completely upended the region’s politics. Responses range from the relatively benign outcome in Tunisia, where it all began, to Egypt, where President Hosni Mubarak was forced from office and now faces trial by the military government that succeed him, to Libya, where former leader Muammar Gadhaffi was killed following his capture. The final result in Syria has yet to emerge. Seeing opportunity where others see risk, Houston-based oil and…

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    GOP Should Claim Victory on Keystone XL

    Posted: 29 Feb 2012 03:52 PM PST

    Canadian pipeline company TransCanada announced it was building a stand-alone section of the controversial Keystone XL oil pipeline to the southern coast of Texas. This in part addresses one of the primary aims of the project, which is to add pipeline capacity to the refining market along the southern U.S. coast. The White House welcomed the measure, but President Obama’s critics continued to complain. With TransCanada acknowledging Obama isn’t opposing the overall merits of the project, however, it’s odd that White House critics aren’t taking…

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    Thailand Moves Into Burma’s Energy Market

    Posted: 29 Feb 2012 03:48 PM PST

    Just when it seems that China has bought every energy asset on the planet, along comes Thailand’s PTT Exploration and Production Plc (PTTEP) to contest Beijing’s presence in one of Southeast Asia’s “final frontiers” – Burma, or, as its rulers prefer, Myanmar. PTTEP expects soon to sign an agreement with Burma to explore for oil and gas in its PSC-G and EP2 onshore petroleum blocks. In January PTTEP, a subsidiary of PTT Plc, Thailand’s largest energy conglomerate, was awarded licenses for the two blocs, which…

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    5 Interesting Revelations from the Stratfor Memos

    Posted: 29 Feb 2012 03:43 PM PST

    Wikileaks is publishing internal memos of the Stratfor security analysis firm. A few tidbits have emerged in these very early days, to wit: 1. Up to 12 Pakistani active-duty and retired officers from the Inter-Services Intelligence agency knew that Osama Bin Laden was in Abbottabad and were in regular contact with him. The Pakistani chief of staff is denying the report. 2. Dow Chemicals hired Stratfor to spy on activists in Agra who continue to protest over the Bhopal environmental disaster that blinded many workers and destroyed their health.…

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    Hopes Build for Thorium Nuclear Energy

    Posted: 29 Feb 2012 03:37 PM PST

    There is much written to the effect that thorium might prove a more viable nuclear fuel, and an energy industry based upon it, than the current uranium-based process which serves to provide both energy and weapons – including “depleted uranium” for armaments and missiles. There are different ways in which energy might be extracted from thorium, one of which is the accelerator-driven system (ADS). Such accelerators need massive amounts of electricity to run them, as all particle accelerators do, but these are required to produce a beam of protons…

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    Some Valuable Remarks About Oil and Speculation

    Posted: 29 Feb 2012 03:32 PM PST

    Several nights ago I participated in a debate (arranged by Russia Today TV – 24-7 –  CrossTalk, and transmitted internationally in English) in which I pointed out – on several occasions – that the aggregate (though unweighted) Brent-WTI (West Texas Intermediate)  price of oil was about 112 dollars a barrel (= $112/b), and I claimed that if this price reaches $130, we could be facing a clear and impending economic danger. Early the next morning, when I checked this aggregate price on the important sites OilPrice.Com…

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    Mongolia to Build its First Wind Farm

    Posted: 29 Feb 2012 03:29 PM PST

    Mongolia is an East Asian country about the size of Alaska, with vast potential for wind energy due to the large unpopulated plains that make up most of the land, and the wind corridor of the Gobi desert. The south Gobi region is predicted to contain 300 gigawatts of wind energy potential which Mongolia are now looking to take advantage of based upon the expectation that its electricity demand will double within 15 years due to the fact that it has one of the fastest growing economies of the world, fuelled by its rich natural resources such as…

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