Category: Articles

  • 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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  • The dilemma of environmental politics

    This aim is the result of broad consensus between scientists and historians that civilisations fail when population outstrips resource allocation. In other words, Malthus was ultimately right, and that the First World has avoided the inevitable by robbing the rest of the planet for five hundred years.

     

    Now that we have a global economy and are depleting the world’s fisheries and forests, the inevitability of Malthus observations are coming home to roost.

    Most importantly, the experience of past civilisations – documented in books like Jared Diamond’s Collapse – is that if we start robbing Peter to pay Paul, all that we do is ensure that Peter starves to death more slowly than Paul. Cities rely on the surrounding countryside to provide, food water and energy. Once that countryside collapses the city soon follows.

    Hidden in this analysis is that the Millenium Development Goals themselves are flawed. They are a compromise that was hammered out between the 150 or so nations at the table. They maintain an economic disparity in which the richest countries on average are ten times wealthier than the average of the poorer countries. They are based on the assumption that half a billion people suffering from hunger each year is an improvement on one billion people. These are reasonable compromises on a fixed term set of goals, but hardly a global solution for humanity.

    In general, politicians cannot afford to agree with historians and scientists because they must appeal to their electorate. Voters (or subjects) will inevitably vote selfishly. That is they will identify with Paul and not only rob Peter, but banish him to the outer darkness, even though that only delays the inevitable. The rich depend on the poor to supply their riches, even if they do not recognise that historical and mathematical fact. The majority of voters in the city do not want to eat less, drink recycled sewage, or grow their own food just to maintain a sustainable rural agricultural base, even if that is the only way to ensure that their grandchildren will be able to enjoy similar affluence to themselves.

    To put it more bluntly, the current crop of Climate change and resource shortage deniers are simply saying to voters, grab what you can now and let the world’s poor, future generations and the plants and animals of the world sort themselves out. It is unreasonable for us to give up our affluence because other people might suffer. They can blame the death of billions of the world’s poor on the vagaries of climate and as self-serving evidence that God has chosen them to survive while the wicked succumb to flood, starvation, pestilence and death.

    Environmental political movements, then, face a difficult dilemma. Politicians win elections by giving hope to the electorate. Given the choice between voting for energy descent and economic stability and environmental sustainability on one hand or personal affluence at the expense of some non-present other, the electorate is generally going to go for the here and now.

    Younger Greens supporters fully embrace the principles of a sustainable and fair future, but are largely unaware of the real impositions that this will make on their lifestyle. Greens movements have shied away from a fully realistic account of the cost to wealthy countries of a sustainable future because the accounting is so stark. Instead we insist on regulating our mining and manufacturing and calling for transparent labelling practices as if we are going to stop the killing machine through shopping apps on our smart phones.

     

  • 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.
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  • 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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    11:19 AM (30 minutes ago)

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    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
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    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
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    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
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    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
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    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
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    Mainichi Daily News


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