Category: Articles

  • Oil Price Daily News Update

    Oil Price Daily News Update


    New Power Source Discovered for Nanotechnology

    Posted: 14 Feb 2012 08:39 AM PST

    On a recent sabbatical, Associate Professor Dr. Kourosh Kalantar-zadeh, from the School of Electrical and Computer Engineering at RMIT University in Melbourne, travelled to Cambridge in order to work with MIT Associate Professor Michael Strano’s nanotechnology research team. Whilst measuring the acceleration of a chemical reaction along a carbon nanotube, they made a remarkable discovery. The reaction they were monitoring actually generated power. Dr. Kalantar-zadeh, “By coating a nanotube in nitrocellulose fuel and igniting one end, we set…

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    Approval Granted for First U.S. Nuclear Power Plant Since 1978

    Posted: 14 Feb 2012 08:38 AM PST

    On Thursday the Nuclear Regulatory Commission approved the first nuclear power plant in the US since the Three Mile Island accident in Pennsylvania back in 1979. The Southern Co. based in Atlanta already operates two reactors at its Vogtle site near Augusta, and has just been granted permission to build another two reactors. The Southern Co. President and CEO Thomas Fanning said that the approval was “a monumental accomplishment”, not only the company, but also the nuclear industry as a whole. “We are committed to bringing these units online to…

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    Why Large Banks Shouldn’t be Broken Up

    Posted: 14 Feb 2012 07:35 AM PST

    The logic of cutting down huge institutions could mean splitting the largest ones into several pieces. Yet banks do not always come in easily divisible parts. Such a move could amount to eradicating the largest banks rather than splitting them up — and eradication is both politically unlikely and potentially disastrous for the economy. In short, if the resulting parts of a divided bank cannot turn a profit, the split-up may prompt the very bailout it was trying to avoid. Another fear is that American money market operations would move to…

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    French Nuclear Anxieties Soar After Fukushima

    Posted: 13 Feb 2012 04:01 PM PST

    France began developing a massive nuclear energy program with minimal public debate after the first oil crisis in 1974 and continued to support nuclear power even after the 1986 Soviet Chernobyl disaster. French nuclear energy giant Areva SA, majority owned by the French state, operates the country’s 59 nuclear reactors, which generate 78.8 percent of France’s electricity, the highest percentage in the world. Until Fukushima the French public felt largely secure in the safety of their country’s nuclear facilities. No…

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    Taking the High Road to Utica Shale

    Posted: 13 Feb 2012 03:59 PM PST

    Ohio’s governor, during his recent State of the State address, said major energy companies working in the state have certain responsibilities to Ohio. The Midwest state hosts vast natural gas reserves in its Utica shale deposit and energy company’s like Houston-based Chesapeake are eager to get at those resources. The governor said all the proverbial ducks needs to be in a row in order to tap into those shale reserves but, in a rare display of U.S. political pragmatism, stressed that fear shouldn’t get in the way of energy potential. Ohio…

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    Wind Industry Starts to Panic as Tax Credits Come to an End

    Posted: 13 Feb 2012 03:56 PM PST

    If you haven’t heard from the American Wind Energy Association (AWEA), you probably will. Ominous, scary ads are running nationwide warning of the crushing blow to American jobs if Congress fails to extend the Production Tax Credit (‘PTC’), the 20-year ‘temporary’ subsidy most credited for market growth in the wind sector. The PTC is due to expire at the end of this year. Most of the ads target particular House members who, so far, have resisted the industry’s demands for their PTC earmark. The pressure is particularly…

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    Turkey Gets More EU Roadblocks Towards Accession, Now Energy Chapters

    Posted: 13 Feb 2012 03:49 PM PST

    Turkey’s seemingly interminable effort to join the European Union has hit a new snag. Energy. On 9 February European Union Commissioner for Enlargement and European Neighborhood Policy Stefan Fule and the EU’s Commissioner for Energy Gunther Oettinger met with Turkish Minister for EU Affairs and Chief Negotiator Egemen Bag?s and Turkish Energy Minister Taner Yildiz in the ancient Ottoman imperial capital Istanbul to discuss intensified EU-Turkish cooperation in the energy sector. The upside? Oettinger told reporters after his meetings,…

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    Gazprom’s Future Dependent on Arctic Energy Riches?

    Posted: 13 Feb 2012 03:47 PM PST

    The continued existence of Russia as a transcontinental power depends on its ability to leverage vast energy wealth into political stability and power. Without energy wealth, Russia begins to disintegrate. A giant new gas field north of the Arctic Circle provides some hope for Russia’s future. Gazprom’s mammoth tax payments bolster the Russian economy, allowing the Kremlin to dole out subsidies and keep a lid on popular discontent. At the same time, Gazprom faces challenges that threaten not just its dominance of the world’s natural…

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  • Paving our market gardens:choosing suburbs over food

     

    Hot Topics

    3 January 2012, 8.14am AEST

    Paving our market gardens: choosing suburbs over food

    In 1947 the Sydney Basin produced “three quarters of the State’s lettuces, half of the spinach, a third of the cabbages and a quarter of the beans; seventy percent of the State’s poultry farms were in the [Basin] and more than eighteen percent of Sydney’s milk came from the [Basin]”. Sixty years later…

    Author

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    Dsr4ghx8-1323220721 We need to think about the benefits of locally grown food before signing off on suburban sprawl. avlxyz/Flickr

    In 1947 the Sydney Basin produced “three quarters of the State’s lettuces, half of the spinach, a third of the cabbages and a quarter of the beans; seventy percent of the State’s poultry farms were in the [Basin] and more than eighteen percent of Sydney’s milk came from the [Basin]”.

    Sixty years later, the Metropolitan Plan proposes reducing the area of Basin farms to about 600 hectares, through the residential development of 220,000 homes in the north-west and south-west growth areas. The development will pave over 52% or 603 hectares of Sydney’s remaining fresh produce farms. The area devoted to greenhouse vegetables could decline by as much as 60%.

    In 2006, of the 90% of the vegetable growers who produced 90% of Sydney’s fresh vegetables, 40% had market gardens located in the designated urban growth areas with no apparent strategies for their relocation¹.

    Local farmers have economic and social benefits

    Existing agricultural production within the Sydney Basin contributes about $1 billion at the farm gate and $4.5 billion in multiplier effects to the NSW economy². These farmers are producing 12% of the “farm gate value” of NSW primary production using just 1% of the state’s land area.

    Of the $1 billion farm gate production value, vegetables accounted for $250 million per annum (pa), poultry $278 million pa (both worth 40% of NSW production), and cut flowers $185 million pa.

    Peri-urban gardening is also socially valuable. Market gardens have been vital in establishing the livelihoods of successive waves of immigrants. Each wave began cultivating particular crops of fresh vegetables with which they were familiar (and for which their own communities were a captive market).

    They were able to establish a capital base working in factories, restaurants, driving taxis, working on farms and purchasing their own land. They were motivated to be “their own boss”, avoid situations where language was a problem in earning an income, and to avoid being on social security. About 80% of market gardeners are from non-English-speaking backgrounds.

    Everything is interdependent

    Food security in capital cities relies upon interdependent global systems of financial and food markets, political trade agreements, cheap fuel costs in transportation, and sophisticated logistics. Food security implies a constant availability of food.

    Sydney, like most of south-eastern Australia in 2006 – 2009 became vulnerable to drought. Floods and cyclones in Queensland created shortages of some foods, most notably bananas in 2011. NSW already imports 75% of its seafood.

    Sydney is vulnerable to international volatility in market prices for a range of commodities. And should the price of oil escalate, it will make transportation of fresh foods over long distances problematic. For these reasons, Sydney needs its own supply of food.

    Fresh food means better health

    In October 2009, a Victorian Local Government Association report discussed the issue of food insecurity from the perspective of the steady decline of agricultural production close to Melbourne. The study linked the loss of peri-urban agricultural production with food security, land use planning, health and jobs.

    When food is 40% to 70% of your weekly budget, any price rise can be life threatening. There were food riots in 28 countries in 2008 when world prices doubled and tripled for dietary staples – wheat, rice and corn/maize. We are fortunate that food only comprises around 15% of the weekly budget in Australia. We are fortunate, too, that we can afford to throw out some 30% of the food we purchase.

    What’s more important: development or food?

    Other stakeholders – such as land developers – responded positively to NSW’s release of the planned growth regions. Their not-unexpected perspective was captured by the headline: Grow suburbs, not vegies.

    These proponents of growth and development look to technology to offer “industrial” food production. They want to use techniques such as capital-intensive computer-controlled glasshouses using hydroponics technology, and large transport hubs to organise food distribution by road to Sydney from production beyond the Sydney Basin.

    Real estate developers have a substantial stake in the implementation of the State Metropolitan Plan growth areas. Preserving Sydney’s urban and peri-urban farms will apparently “cripple” the city’s growth, decreasing housing and rental stocks as population growth increases and forcing up prices. Mr Aaron Gadiel, CEO of the Urban Taskforce, asks“ “should we … deprive ourselves of housing and job-creating industries to prop up an industry which is not economically viable?”.

    But I wonder: should local, fresh food production be equated with development in terms of priorities?

    References

    1. Parker, F., 2007. Making peri-urban farmers on the fringe matter, State of Australian Cities Conference, Adelaide, November.

    2. Sydney Food Fairness Alliance, 2006. Sydney Basin Agriculture: Local Food, Local Economy. Newsletter # 1, SFFA.

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    1. November 30, 2011 What happens when there’s no water? How the Murray-Darling plan might affect communities
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      1. Frank Moore

        Frank Moore

        Consultant

        logged in via email @gmail.com

        Score:

        insightful +
        unconstructive –

        Johnathon, you don’t ask the most relevant question for this, the Free Trade, Ultra Competitive trading world, based on a Globe challenged by over population, diminishing water and food sources, and the proliferation of nuclear weapons.
        You could answer: What percentage of the build of 220,000 homes will be exported? (Expect zero). How much Debt will Australia incur to fund the roads, hospitals, sewerage, schools, police etc? (Expect an increase). What percentage of the punters inhabiting the 220,000 homes will prove to be net Exporters of Goods and Services during the course of their lives? (Expect 1? 2? percent).
        Nothing proves the corruption of Australian politics more than this story. You have export replacement, immigrant based workforce, doing something for our unsustainable cities, being supplanted on the whims of our great import orientated mega businesses…

      2. James Walker

        James Walker

        logged in via Facebook

        Score:

        insightful +
        unconstructive –

        Melbourne is much the same – high quality land disappearing under buildings.
        It’s not necessary – we have lots of low quality land that we could happily pave over for houses and businesses. Further, if our cities were surrounded by a mile or 3 of desert, they’d be better protected from bushfires.
        We need to move inland.

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  • Peak Oil News

    News 3 new results for PEAK-OIL
    Flawed views on peak oil rear their ugly heads again
    The National
    The debate over peak oil is stalked by zombie ideas that live on, no matter how many times they are stamped upon. The latest significant article warning of declining oil supplies manages to revive not just one but at least six of these false concepts.
    See all stories on this topic »

    The National
    Mr. Darcy’s earth shattering results
    Calgary Herald (blog)
    A flashback to history provides the background we need to understand why there is a technological revolution happening in the oil and gas industry and why peak oil theorists may need to go back to math class. Imagine a Help Wanted poster that reads
    See all stories on this topic »
    Notable & Quotable
    Wall Street Journal
    As with “peak oil” theories—which hold that declining petroleum supplies will trigger global economic instability—the claims of the doomsayers are too hyperbolic and hysterical. These are not existential threats but rather policy challenges.
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  • NSW cabinet backs uranium exploration

    NSW cabinet backs uranium exploration

    Neville Gillmore
    8:00 PM (1 minute ago)

    Shades of John Howard here.All Abbott has to do when in Govt, is repeal the acts governing the Enrichment of Uranium and the establishment of nuclear power plants in Australia. Whats more he will most likely have the numbers to ram them through. Don’t rule out a Double Dissolution to gain senate control.

    Neville

    NSW cabinet backs uranium exploration

    February 14, 2012 – 7:33PM

    Uranium exploration in NSW is one step closer to becoming a reality after Premier Barry O’Farrell’s cabinet ticked off on a proposal to overturn a 26-year-old ban.

    The Seven Network today reported that cabinet had agreed to reverse the state ban, after Mr O’Farrell flagged the change in December.

    The NSW parliament will now have to approve legislation repealing the ban.

    Advertisement: Story continues below http://ad-apac.doubleclick.net/adi/onl.smh.news/national/nsw;cat=national;cat1=nsw;ctype=article;pos=3;sz=300×250;tile=3;ord=5.1410312E7?” width=’300′ height=’250′ scrolling=”no” marginheight=”0″ marginwidth=”0″ allowtransparency=”true” frameborder=”0″>

    A week after Labor’s national conference to remove its ban on uranium exports to India, Mr O’Farrell said he was open to overturning the exploration ban, and would take the proposal to cabinet.

    ”We should as a state know what resources exist here,” he said at the time.

    ”It makes no sense not to know what resources are in the state.

    ”Overturning the ban would then enable a sensible and mature discussion to be held as to whether we go into mining of those resources.”

    Comment was being sought from Mr O’Farrell’s office.

    NSW Opposition leader John Robertson accused Mr O’Farrell of a ”massive backflip”, after he ruled out overturning the ban last August.

    ”The people of NSW didn’t vote for Barry O’Farrell so he would set up uranium mines in their backyards,” Mr Robertson said.

    Read more: http://www.smh.com.au/nsw/nsw-cabinet-backs-uranium-exploration-20120214-1t406.html#ixzz1mLPYlqIX

  • Nuclear news

    News 9 new results for DANGER TO US NUCLEAR PLANTS
    New Fukushima scare blamed on faulty thermometer
    Reuters
    TOKYO (Reuters) – A scare over temperatures rising near danger level in a reactor at Fukushima Daiichi nuclear plant, where workers are battling to prevent a resurgence of the radiation crisis, could be a false alarm, the plant operator said on Monday.
    See all stories on this topic »
    California’s Nuclear Alarm Bells
    Yahoo! Contributors Network
    Since then, no new nuclear plants have been built in the US, no major accidents have occurred, and anti-nuke sentiment had become largely dormant. But that all changed when last year’s devastating earthquake and resulting tsunami crippled the Fukushima
    See all stories on this topic »

    Yahoo! Contributors Network
    Iran says its nuclear facilities are immune to cyberattacks
    USA TODAY
    The US and its allies suspect Iran’s nuclear program aims to develop atomic weapons. Iran says its program is meant to produce fuel for future nuclear power reactors and medical radioisotopes needed for cancer patients. Jalali was quoted by the state
    See all stories on this topic »

    USA TODAY
    Energy woes pose fresh threat to Korea
    Korea Times
    By Kang Hyun-kyung The three events of the Arab Spring, the Washington-led effort to deter Iran’s nuclear weapons program and the meltdown of the Fukushima nuclear reactors have one thing in common. They together have led to a global energy dilemma as
    See all stories on this topic »

    Korea Times
    COLUMN: Risking health for nuclear power?
    The Statesman
    This past week the first new US. nuclear power plants in a generation were approved for construction in Georgia. It’s about time. Nuclear energy is everything we could want in an energy source — it’s clean, sustainable and independent.
    See all stories on this topic »
    America’s Green Enemies
    AmmoLand.com (press release)
    By Alan Caruba Manasquan, NJ –(Ammoland.com)- It was good news that the Nuclear Regulatory Commission approved the nation’s first nuclear power plants on February 9th, clearing the way for the construction of two reactors by Southern Company at its
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    AmmoLand.com (press release)
    Obama’s Dangerous Game With Iran
    Newsweek
    How much influence does Obama have over Israel, and how committed is the United States to preventing a nuclear Iran at any cost? To answer that question, it helps to understand the game as Obama sees it—and to appreciate how we got to this dangerous
    See all stories on this topic »
    The art of shutting down a nuclear plant
    PhysOrg.com
    Gaëtan Girardin, researcher in nuclear engineering, gives us the key to understanding nuclear reactor safety. While the disaster at Fukushima is at the center of our conversation, the recent and minor incident at the Mühleberg plant (Switzerland) is
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    PhysOrg.com
    Expert commission recommends extending aging French nuclear plants
    Monsters and Critics.com
    Paris – A group of energy experts on Monday recommended that France extend the life of aging nuclear reactors, unless they pose a specific safety threat. The Energy 2050 commission, which was set up by the government to look at energy supply options
    See all stories on this topic »

     


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  • Inspections reveal 24 pc of solar jobs are substandard

    Inspections reveal 24 pc of solar jobs are substandard

    FOUR per cent of roof-top solar-panel installations have been found to be unsafe by inspections conducted by the official regulator and 20 per cent have been discovered to be substandard.

    The Office of the Renewable Energy Regulator has told a Senate estimates committee hearing that of 1841 inspections of roof-top solar panels to the end of January, 4 per cent were deemed unsafe and immediately shut down.

    The information came as the Climate Change Department conceded, in the same hearing, that the budget revenues projected by the government carbon pricing package could be lower if the floating carbon price traded around the $15-a-tonne floor price in the package.

    But the compensation under the scheme would also be lower if the carbon price was lower.

    The questioning by South Australian Liberal senator Simon Birmingham was sparked by continued weakness in the price of emissions units in the EU scheme. After trading around $20 in the middle of last year, the market has been hit by the European economic slump and is now around $9.


    But when the Australian carbon price floats it will be prevented from falling lower than a floor price of $15 with international permits subject to a top-up payment if their price is lower.

    Senator Birmingham asked whether a carbon price trading around a floor price of $15 when the scheme moved to a floating price in 2015-16 would produce significantly lower revenues than the $9.2 billion projected at the fixed price of $25.40 a tonne in 2014-16.

    But Climate Change Department secretary Blair Comley cautioned that “costings are never quite as simple as they appear” and that Treasury was responsible for economic forecasting. Department officials are set to fly to Europe for meetings with EU officials before a vote next month that will debate raising the EU’s emissions reductions targets in a move that would in part be designed to restore the carbon price.

    Asked if international and domestic prices were likely to be lower than $15 in 2015, Mr Comley said: “I don’t think that’s true.”

    In later evidence on solar-panel inspections, Andrew Livingston, from the office of the Renewable Energy Regulator, said a further 1368 inspections were planned for this year and state authorities had been notified of faults. He said some states had suspended installers over the results but most installers and electricians had been “very prompt” in rectifying faults.

    Where a solar installation was found to be faulty it was immediately disconnected, he said.

    The move came as the hearing was told that the government was chasing more than $21 million from installers who had wrongly claimed money in the government’s home installation scheme.

    The department had collected $844,000 of this amount and written off $9200. It was in negotiations with a debt collector about the outstanding funds.