Category: Articles

  • OIL Price Daily News Update

    Oil Price Daily News Update


    Why Shale Gas is the Best Hope for Our Energy Future

    Posted: 22 Feb 2012 10:48 AM PST

    Citizens of the world, consumers of energy and environmental stewards, our mission is to build a sustainable, environmentally friendly and economically viable energy source.  By design, few of us are in love with fossil fuels. But what we must be; are realists. As the search for the best energy solution(s) today continues, time-and-time again the compass points north to Natural Gas. Why, because, key industrial centres are sitting on vast shale gas energy opportunities. This is no longer a fantasy but a vision that can benefit the world today,…

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    Green Australia Still Experiencing Massive Coal Boom

    Posted: 21 Feb 2012 03:23 PM PST

    Australia, despite being deeply committed to curbing greenhouse gas emissions GGEs, is nonetheless experiencing a fossil fuel surge. The growth comes despite a carbon tax, due to be implemented later this year, which is deeply unpopular with the country’s mining industry. According to the government agency Geoscience Australia, in fiscal year 2011 coal exploration spending in Australia surged by 62 percent, with investment in exploration for new coal deposits reaching $520 million, with spending on exploration surging faster than any…

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    How Closely are Oil Prices Tied to Economic Activity?

    Posted: 21 Feb 2012 03:19 PM PST

    Recent developments in oil markets and the global economy have, once again, triggered concerns about the impact of oil price shocks around the world. This column wonders whether the fuss is really necessary. It presents evidence of relatively small negative effects of oil price increases. Increases in international oil prices over the past couple years, explained partly by strong growth in large emerging and developing economies, have raised concerns that high oil prices could endanger the shaky recovery in advanced economies and small oil-importing…

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    On Oil, Iraq Gets in its Own Way

    Posted: 21 Feb 2012 03:09 PM PST

    The International Energy Agency announced it was set to review Iraq’s energy sector as part of its World Energy Outlook for 2012. Last year, the IEA said Iraq was on pace to provide the largest single increase to global oil production in the coming years. In December, however, the agency warned that domestic politics could get in the way of energy developments. Given Iraq’s post-war political track record, it might be awhile before Iraq realizes its full oil potential. Iraqi officials had said they hoped the IEA’s assessment would give them…

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    Following Keystone Rejection Canada’s Oil Sands Headed to China

    Posted: 21 Feb 2012 03:07 PM PST

    Beginning in 2005, Congressional Republicans and the oil industry touted the 2,147 mile-long Keystone XL 830,000 barrel per day (bpd) pipeline, running from Canada’s Hardisty, Alberta oil sands to U.S. refineries on the Gulf of Mexico. But last month, in an attempt to force a decision from the Obama administration on the pipeline, congressional Republicans tacked a rider onto legislation extending the payroll tax cut by requiring the government to decide within 60 days on the issue, which was rejected for the foreseeable future. Furious…

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    Why the Peak Oil Debate is Almost Over

    Posted: 21 Feb 2012 03:04 PM PST

    Protestations in the mainstream media that we need not worry about a peak in the rate of world oil production anytime soon are suddenly coming fast and furious. As a result, I was reminded both of Shakespeare and Gandhi. “The media doth protest too much,” I thought (with apologies to Queen Gertrude in Hamlet). As for Gandhi, a quote commonly attributed to him may shed light on where we are in the peak oil debate: “First they ignore you. Then they laugh at you. Then they attack you. Then you win.” So, it appears that we are now in stage three of…

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    Japan Starts to Invest in Tsunami-Proof, Floating Wind Farms

    Posted: 21 Feb 2012 02:26 PM PST

    Following the earthquake and tsunami that hit Japan in 2011 causing one of the world’s worst nuclear disasters since Chernobyl at the Fukushima nuclear power plant, the Ministry of Trade and Industry (MITI) announced its plans to develop more floating offshore wind farms. The floating Kamisu wind farm just off the coast of the Ibaraki prefecture comprises of just seven 2 megawatt wind turbines, but was able to withstand the tsunami and provided vital electricity in the wake of the disaster. Using as much as ¥20 billion ($260 million)…

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    Canada Threatens EU with Trade War over Oil Sands Ban

    Posted: 21 Feb 2012 02:24 PM PST

    The European vote on the 23rd February which could potentially classify Canada’s oil sands as highly polluting and effectively ban their trade with the EU, has attracted angry retaliations from Canadian officials. Canada fears that the EU Fuel Quality Directive (FQD) could set a precedent to other countries around the world, affecting the exports of its tar sands. Canada’s oil minister, and David Plunkett, ambassador to the EU, sent some letters to the European Commission threatening, “Canada will not hesitate to defend its interests,…

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    Energy Crisis in the Gaza Strip Threatens Hospitals

    Posted: 21 Feb 2012 02:22 PM PST

    The Gaza Strip is in the middle of an energy crisis that is close to developing into a full blown humanitarian crisis as their only power plant was forced to shut down operations on 14th February due to a lack of fuel. “The current crisis is a political problem that started six years ago. The Israeli occupation, the Palestinian Authority’s refusal to provide the Gaza Strip with funds, and the policy of Egypt which is dealing with Gaza out of security calculations, have all contributed to the current situation,” said Hamas government…

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    Middle East to Spend 180 Billion Dollars on New Energy Projects

    Posted: 21 Feb 2012 02:20 PM PST

    A new report by the market researchers Venture Middle East has announced that the Middle East is due to spend a combined $180 billion on new water and power projects during the next few years. During this period the demand for power is expected to increase by 10 percent. Anita Mathews, director of the Middle East Electricity Exhibition, which took place in Dubai for focussed consideration of the power, nuclear, renewable and water sectors, has said that, “According to the World Energy Council, the GCC will require 100 GW of additional power…

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  • The Peak Oil Crisis: Technology Update

    News 3 new results for PEAK-OIL
    The Peak Oil Crisis: Technology Update
    Falls Church News Press
    By Tom Whipple Gasoline prices in the US are off on another tear. The national average just went by $3.57 for regular and due to a little problem of several major refineries that serve the US’s East Coast shutting down, here in Northern Virginia we are
    See all stories on this topic »
    Why Do Political And Economic Leaders Deny Peak Oil And Climate Change?
    CounterCurrents.org
    I think it’s for exactly the same reasons you don’t hear them talking about preparing for Peak Oil. 1) our leaders have known since the last energy crisis that there’s no comparable alternative energy ready to replace fossil fuels.
    See all stories on this topic »
    How To Play Peak Cheap Oil: Looking For Yield And Growth In The Canadian Oil Sands
    Seeking Alpha
    If you are like me and you were always skeptical of the peak oil theory, you are feeling pretty smug right now. New technologies and new oil discoveries are being made daily and politicians are once again musing about America becoming energy
    See all stories on this topic »
  • ‘Bacteria battery boosted by space microbes found in river wear

    ‘Bacteria battery’ boosted by space microbes found in river Wear

    The development takes microbial power technology a stage nearer its goal of providing a renewable source of energy

    • guardian.co.uk, Wednesday 22 February 2012 08.34 GMT
    • Article history
    • river wear

      Scientists have doubled the power output of a ‘bacteria battery’ by selecting microbes from a UK river estuary, including one normally found in space. Photograph: Don Mcphee

      Scientists have doubled the power output of a “bacteria battery” by selecting microbes from a UK river estuary, including one normally found in space.

      The development takes microbial power technology a stage nearer its goal of providing a portable, independent and renewable source of power for use with low-energy devices and in parts of the world without electricity.

      A multi-disciplinary team from Newcastle university focussed on the river Wear estuary to collect and test different bacteria for their power-generation potential. The microbial power process is well-established in sewage treatment and water cleansing, but remains well short of providing a significant supply of electricity.

      The Newcastle survey, reported in the latest issue of the American Chemical Society’s Journal of Environmental Science and Technology, shows how a prolonged dredge of just one site can come up with a formidable range of relatively powerful microbes. One of the best, whose presence startled the scientists, was Bacillus stratosphericus which is found in large quantities 30km above the Earth and brought down to the planet by atmospheric cycling.

      The survey tested 75 species before combining the best into a Microbial Fuel Cell whose output then rose from 105 watts per cubic meter to 200, or enough to run an electric light.

      “The research and findings show the potential power of the technique,” said Grant Burgess, professor of marine biotechnology at Newcastle. “What we have done is deliberately manipulate the microbial mix to engineer a biofilm that is more efficient at generating electricity.

      “This is the first time individual microbes have been studied and selected in this way. Finding B. stratosphericus was quite a surprise but what it demonstrates is the potential of this technique for the future – there are billions of microbes out there with the potential to generate power.

      “We have got used to seeing road signs powered by small solar cells. In the same way, an MFC could potentially be portable and just need immersing in water or sticking in soil for the bacterial process to start.”

      Selected by Time magazine three years ago as one of contemporary science’s 50 most important inventions, microbial power harnesses the glow-worm-like electricity naturally generated by some microbes during their processing of waste water or mud. Commercial versions coat carbon electrodes with a bacterial slime whose tiny organisms convert nutrients into electrons and pass the power into a battery.

      The research brings the lead in MFC technology back to the part of the world where it first began. In 1911, Prof M C Potter at Durham university produced electricity from E.coli bacteria in his botany department, a breakthrough little-remarked at the time but followed up from 1930s onwards.

      Samples of microbe “pick-and-mix” are likely to follow from an increasing range of places including the deep sea. Prof Burgess’s current lecture topics include snotworms, whose ability to decompose the bones of dead whales on the seabed is attracting scientific interest.

  • Labor MP Kelvin Thomson: address on Population Growth

    From Labor MP Kelvin Thomson, Population
    Growth issue protagonist. He has campaigned
    solidly against population growth.

    ———- Forwarded message ———-
    From: Hamilton, Tim (K. Thomson, MP) <Tim.Hamilton@aph.gov.au>
    Date: Wed, Feb 22, 2012 at 4:20 PM
    Subject: Is Bigger Better?
    To: “Hamilton, Tim (K. Thomson, MP)” <Tim.Hamilton@aph.gov.au>

    Tim Hamilton
    Electorate Officer
    Office of Kelvin Thomson MP
    Member for Wills
    (P) 9350 5777
    (M) 0424 138 558

  • Nuclear Alerts

    News 8 new results for DANGER TO US NUCLEAR PLANTS
    From Rocky Flats to Fukushima: our nuclear folly
    The Guardian
    The US is soon to start construction on several new reactors for the first time in three decades. Iversen, a softspoken woman with a laid-back western vibe, wearing jeans and lavender scarf, seems an unlikely prophet of nuclear catastrophe.
    See all stories on this topic »

    The Guardian
    How the Yakuza went nuclear
    Telegraph.co.uk
    Of the three reactors that melted down, one was nearly 40 years old and should have been decommissioned two decades ago. The cooling pipes, “the veins and arteries of the old nuclear reactors”, which circulated fluid to keep the core temperature down,
    See all stories on this topic »

    Telegraph.co.uk
    20 yrs nuclear plant exposure = 1 X-ray shot
    Deccan Chronicle
    By Sangeetha Nair The radiation exposure for those residing around a nuclear plant for 20 years is equal to a dose of radiation from a single x-ray! This needs to be stated because of the negative publicity attached to the Koodankulam Nuclear Power
    See all stories on this topic »
    Transcripts show NRC officials debated chairman’s claim on spent-fuel pools in
    Washington Post
    WASHINGTON — Top Nuclear Regulatory Commission officials debated the accuracy of public statements made by the agency’s chairman about a pool holding spent fuel rods at a crippled Japan nuclear plant, newly released transcripts show.
    See all stories on this topic »
    Rethinking the Nuclear Energy Renaissance
    Energy Collective
    The Nuclear Regulatory Commission recently approved a license for what is to become the first nuclear power reactor built in the US in over 30 years. The reactors, scheduled to go online sometime in 2016, would be the first nuclear reactors in the US
    See all stories on this topic »
    Importance of the Seoul Nuclear Security Summit 2012
    Korea IT Times (press release)
    The Seoul Nuclear Security Summit will be held on March 26 th -27 th , and will be the largest summit that shares international cooperative ideas to protect nuclear plants and materials from falling into the hands of terrorists.
    See all stories on this topic »
    Encryption question raised following USB stick data losses
    Security Park
    Latest news report a USB stick containing a safety assessment of a nuclear power plant in North-East England going walkabout from the Office for Nuclear Regulation (ONR). The unencrypted USB stick contained a ‘stress test’ safety assessment of the
    See all stories on this topic »
    UN nuclear inspectors now back in Tehran
    Worcester Telegram
    A currency exchange bureau worker counts US dollars, as Iranian bank notes are seen at right. Sanctions have had an effect on Iranian currency. (THE ASSOCIATED PRESS) By Alan Cowell THE NEW YORK TIMES LONDON — A team of UN inspectors arrived in Iran
    See all stories on this topic »

     


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  • Oil Price Daily News Update

    Oil Price Daily News Update


    Falklands Flare Up – Could a New Oil Find Re-Ignite an Old Conflict?

    Posted: 20 Feb 2012 03:52 PM PST

    The Falkland Islands, a British windswept archipelago in the southern Atlantic off the coast of Argentina, last had its moment in the media spotlight two decades ago, when the two nations fought a brief but vicious conflict after Buenos Aires invaded the islands, providing a PR boost to Argentina’s ruling junta. But, Argentina lost, and the 11-week conflict claimed more than 900 lives, leaving Britain in control of the islands. UK analytical firm Edison Investment Research is now reporting that the Falklands’ oil industry…

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    10 Ways in which Iran is Defying the US and EU Oil Sanctions

    Posted: 20 Feb 2012 03:48 PM PST

    It wasn’t supposed to be like this, the Neocons assured us. Iran would soon be on its knees because of ever more stringent US sanctions on Iran. But Iran just cheekily sent two warships through the Suez Canal to dock at the Syrian port of Tartous. The old Mubarak government in Egypt might not have allowed such a thing, but the Arab Spring has brought to power an Egyptian government eager to demonstrate its independence from Washington. Brent crude just hit $121 dollars a barrel, the highest in 8 months and a remarkable figure in the absence…

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    Is Hush Money Coming Out of Canadian Crude Oil Debate?

    Posted: 20 Feb 2012 03:40 PM PST

    Concerns over the safety of tar sands oil from Canada is at the forefront of the political debate in the United States. President Obama’s critics accuse him of being a “job killer” for stating initial opposition to the planned $7 billion Keystone XL pipeline while his allies on the opposite side of the aisle don’t believe much of what the Republicans say about the pipeline anyway. But across the border, it seems the imbroglio is much worse. There, it seems, pipeline company Enbridge is throwing money at aboriginal groups along the country’s western…

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    Rwanda Seeks $1 Billion Geothermal Energy Investment

    Posted: 20 Feb 2012 03:37 PM PST

    Among African nations, foreign observers can only cheer on Rwanda’s progress as it recovers from Africa’s most brutal civil conflict after the Democratic Republic of Congo (DROC). A vicious civil war erupted in 1990, led by the Tutsi Rwandan Patriotic front (RPF), which led in turn to a murderous genocidal 1994 conflict, in which Hutu extremists killed an estimated 500,000 to one million Tutsi and moderate Hutus before the RPF ended the killings with a military victory. Now, time to recover, and one of the population’s pressing…

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    German Solar Power Covers Energy Deficit of France’s Nuclear Sector

    Posted: 20 Feb 2012 03:35 PM PST

    Remember last year when Germany decided to speed up its phasing out of nuclear power and switch to clean energy and everyone (not in the clean energy industry) got freaked out about how German electricity prices would rise and the country would just start importing electricity from France’s nuclear power plants? Well, as I just wrote, it seems pretty clear that solar photovoltaics are bringing down the cost of electricity in Germany. Additionally, German electricity exports to France have been increasing!“Because France has so much…

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    The Future of Aviation Biofuels

    Posted: 20 Feb 2012 03:30 PM PST

    In New York, Bloomberg New Energy Finance said that jatropha-based fuels were the near-term candidate as sustainable aviation fuels available at prices competitive with conventional jet fuel. The BNEF research unit said that it expected jatropha-based jet fuel to be available at $0.86-a-litre ($3.25 per gallon) by 2018. The Bloomberg report Following the emergence of jatropha-based fuels, BNEF said that aviation fuel made from pyrolysis of woody biomass represented the next most affordable category of aviation biofuels, projecting that jet…

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