Category: Energy Matters

The twentieth century way of life has been made available, largely due to the miracle of cheap energy. The price of energy has been at record lows for the past century and a half.As oil becomes increasingly scarce, it is becoming obvious to everyone, that the rapid economic and industrial growth we have enjoyed for that time is not sustainable.Now, the hunt is on. For renewable sources of energy, for alternative sources of energy, for a way of life that is less dependent on cheap energy. 

  • Cultural Problems which Prevent Progress in the Fracking Debate

    China Invests in US Businesses at Record Pace

    Posted: 08 Aug 2012 12:08 PM PDT

    China is buying U.S. businesses at a record pace – What will the implications be and will alarm bells ring? “Chinese direct investment in the United States could hit a record high in 2012, according to a new research report released Wednesday. Total Chinese foreign direct investment in the U.S. is on pace to reach at least $8 billion this year, according to the report from research firm Rhodium Group. “ China buying U.S. businesses is a necessary part of correcting global imbalances. Click here to read the full article

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    Violence may Hinder Sudanese Oil Advances

    Posted: 07 Aug 2012 03:11 PM PDT

    South Sudan and Sudan made headway in resolving oil disputes lingering since January. A peace deal that secured South Sudan’s independence last year called for equal divisions of oil revenue between the two countries. The south in January, however, stopped producing oil after the government in Khartoum started siphoning off oil to settle what it said were outstanding payment issues. Disputes over oil are among the lingering issues left over from the peace deal. U.S. officials declared the oil deal a victory but such optimism in the region is rarely…

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    India’s Kudankulam Nuclear Power Plant – Caveat Emptor

    Posted: 07 Aug 2012 03:05 PM PDT

    As India’s nationwide power outage last week showed, the country needs new energy resources – fast. And New Delhi sees nuclear power as a shortcut to alleviating its energy shortages, adding to its six current nuclear power plants (NPPs) containing 20 reactors which generate 4,780 megawatts, an additional seven reactors are expected to generate an additional 5,300 megawatts. The poster child for this expansion is the $2.5 billion, Kudankulam NPP in Tamil Nadu state, containing six 1,200 megawatt and two 1,000 megawatt reactors.…

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    Cultural Problems which Prevent Progress in the Fracking Debate

    Posted: 07 Aug 2012 02:59 PM PDT

    Suppose I told you there was a form of energy so plentiful it could encourage huge economic growth, a source so plentiful here in the United States that it could truly make America energy independent and vastly enhance our global political influence. That would be good news, right?But suppose I also told you that capturing this energy source means drilling, and smashing the underground rocks with a pressurized mix of water and sand and industrial chemicals, and that the liquid that returns to the surface from this process sometimes contains low…

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    Investment in Clean Energy Technology is Only Going in One Direction – Up

    Posted: 07 Aug 2012 02:50 PM PDT

    There was a clever headline in the satirical newspaper The Onion earlier this week that wouldn’t be so humorous if it wasn’t true.“300 Million Without Electricity In India After Restoration Of Power Grid,” the headline read.The article was referring to the massive power outage across India Tuesday that cut electricity to 670 million citizens, the equivalent of two Americas going dark. Without question, it was the largest blackout in world history.What was so witty about the headline was how it drew attention to another problem…

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    Cheap New Battery Creates Energy from Rusting Iron

    Posted: 07 Aug 2012 02:46 PM PDT

    A new low-cost, “air-breathing” battery has the capacity to store between eight and 24 hours’ worth of energy.The rechargeable and eco-friendly battery uses the chemical energy generated by the oxidation of iron plates that are exposed to the oxygen in the air—a process similar to rusting.“Iron is cheap and air is free,” says Sri Narayan, professor of chemistry at the University of Southern California (USC). “It’s the future.”Details about the battery were published in the Journal of the Electrochemical…

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    Gas Prices to Rise Along West Coast after Fire at Chevron’s California Refinery

    Posted: 07 Aug 2012 02:38 PM PDT

    Yesterday at around 6.00pm a leak was discovered by workers at Chevrons large oil refinery in Richmond, California. The leak grew in size as workers were evacuated from the site.Ryan Lackay, a 45-year-old employee at a chemical plant next door to the refinery, said that he saw “what looked like a lot of steam coming out of Chevron, way more than usual. I thought they must have blown a boiler. And then all of a sudden it just went whoosh, it ignited.”The fire erupted in the No. 4 crude distillation unit (CDU), sending flames and smoke…

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    US Export-Import Bank to Invest $2 Billion in South African Clean Energy

    Posted: 07 Aug 2012 02:36 PM PDT

    The US Export-Import Bank has announced that it will invest $2 billion into South African green energy funds. The country has plans to increase its power supply by more than 50,000 MW as it carries out its $127 billion plans to overhaul the national electricity grid.Fred Hochberg, the bank’s president, told reporters that they will sign the agreement “for $2 billion for renewable energy exports from the US to South Africa.” He confirmed that as soon as the deal was fully signed it will go “into effect immediately.”The…

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    Chicago to Build $3 Billion Coal Gasification Plant

    Posted: 07 Aug 2012 02:32 PM PDT

    The Chicago Clean Energy project is a gasification plant which will produce synthetic natural gas from coal and petroleum coke.  The facility will cost about $3 billion and is estimated to create more than $10 billion in economic output for the state of Illinois, 2,000 new jobs, and $1.25 billion in tax revenues.The natural gas produced will equate to about five percent of Illinois’ annual demand, and provide a fuel source to be used in power plants which is 99 percent cleaner than that used in conventional power plants.The project will…

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    Petrobras: A Shadow of its Former Self

    Posted: 07 Aug 2012 02:30 PM PDT

    Back in 2008 Goldman Sachs listed Petrobras’ share price at $60, now-a-days it commands $20 a share, and we expect that price to fall further in the coming days. The Brazilian oil giant just is not what it was.Investors are mostly scared by the simple fact that Petrobras does not exist to make a profit for them, but rather to serve the nation in whatever way the Brazilian government sees fit. Following a multi-billion dollar secondary share offering a few years ago and government intervention capping fuel prices and therefore profit, investors…

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  • Rare-earth mining in China comes at a heavy cost for local villages

    Rare-earth mining in China comes at a heavy cost for local villages

    Pollution is poisoning the farms and villages of the region that processes the precious minerals

    rare earth china

    Health hazard … pipes coming from a rare-earth smelting plant spew into a tailings dam on the outskirts of Baotou in China’s Inner Mongolia autonomous region. Photograph: David Gray/Reuters

    From the air it looks like a huge lake, fed by many tributaries, but on the ground it turns out to be a murky expanse of water, in which no fish or algae can survive. The shore is coated with a black crust, so thick you can walk on it. Into this huge, 10 sq km tailings pond nearby factories discharge water loaded with chemicals used to process the 17 most sought after minerals in the world, collectively known as rare earths.

    The town of Baotou, in Inner Mongolia, is the largest Chinese source of these strategic elements, essential to advanced technology, from smartphones to GPS receivers, but also to wind farms and, above all, electric cars. The minerals are mined at Bayan Obo, 120km farther north, then brought to Baotou for processing.

    The concentration of rare earths in the ore is very low, so they must be separated and purified, using hydro-metallurgical techniques and acid baths. China accounts for 97% of global output of these precious substances, with two-thirds produced in Baotou.

    The foul waters of the tailings pond contain all sorts of toxic chemicals, but also radioactive elements such as thorium which, if ingested, cause cancers of the pancreas and lungs, and leukaemia. “Before the factories were built, there were just fields here as far as the eye can see. In the place of this radioactive sludge, there were watermelons, aubergines and tomatoes,” says Li Guirong with a sigh.

    It was in 1958 – when he was 10 – that a state-owned concern, the Baotou Iron and Steel company (Baogang), started producing rare-earth minerals. The lake appeared at that time. “To begin with we didn’t notice the pollution it was causing. How could we have known?” As secretary general of the local branch of the Communist party, he is one of the few residents who dares to speak out.

    Towards the end of the 1980s, Li explains, crops in nearby villages started to fail: “Plants grew badly. They would flower all right, but sometimes there was no fruit or they were small or smelt awful.” Ten years later the villagers had to accept that vegetables simply would not grow any longer. In the village of Xinguang Sancun – much as in all those near the Baotou factories – farmers let some fields run wild and stopped planting anything but wheat and corn.

    A study by the municipal environmental protection agency showed that rare-earth minerals were the source of their problems. The minerals themselves caused pollution, but also the dozens of new factories that had sprung up around the processing facilities and a fossil-fuel power station feeding Baotou’s new industrial fabric. Residents of what was now known as the “rare-earth capital of the world” were inhaling solvent vapour, particularly sulphuric acid, as well as coal dust, clearly visible in the air between houses.

    Now the soil and groundwater are saturated with toxic substances. Five years ago Li had to get rid of his sick pigs, the last survivors of a collection of cows, horses, chickens and goats, killed off by the toxins.

    The farmers have moved away. Most of the small brick houses in Xinguang Sancun, huddling close to one another, are going to rack and ruin. In just 10 years the population has dropped from 2,000 to 300 people.

    Lu Yongqing, 56, was one of the first to go. “I couldn’t feed my family any longer,” he says. He tried his luck at Baotou, working as a mason, then carrying bricks in a factory, finally resorting to selling vegetables at local markets, with odd jobs on the side. Registered as farmers in their identity papers, the refugees from Xinguang Sancun are treated as second-class citizens and mercilessly exploited.

    The farmers who have stayed on tend to gather near the mahjong hall. “I have aching legs, like many of the villagers. There’s a lot of diabetes, osteoporosis and chest problems. All the families are affected by illness,” says He Guixiang, 60. “I’ve been knocking on government doors for nearly 20 years,” she says. “To begin with I’d go every day, except Sundays.”

    By maintaining the pressure, the villagers have obtained the promise of financial compensation, as yet only partly fulfilled. There has been talk of new housing, too. Neatly arranged tower blocks have gone up a few kilometres west of their homes. They were funded by compensation paid by Baogang to the local government.

    But the buildings stand empty. The government is demanding that the villagers buy the right to occupy their flat, but they will not be able to pass it on to their children.

    Some tried to sell waste from the pond, which still has a high rare-earth content, to reprocessing plants. The sludge fetched about $300 a tonne.

    But the central government has recently deprived them of even this resource. One of their number is on trial and may incur a 10-year prison sentence.

     

    This article originally appeared in Le Monde

  • Government calls for nuclear dump designs

    Government calls for nuclear dump designs

    ABCAugust 8, 2012, 7:54 pm

     

    The Federal Government has released a tender calling for concept designs for Australia’s first radioactive nuclear waste dump.

    The Government has previously announced its preferred site for the dump is on Muckaty Station in the Northern Territory, about 120 kilometres north of Tennant Creek.

    The tender says the concept design will be appropriate for a site in arid to semi-arid areas of Australia.

    It says the facility should be designed to accommodate waste for at least 100 years, and equipment at the site may be required to repackage the radioactive waste.

    Nat Wasley from the Beyond Nuclear Initiative is campaigning against the dump.

    Ms Wasley did not know the tender was being released.

    “It came as quite a surprise, but once again it’s an indication of the completely secretive and very un-transparent [sic] process that the Government’s been using,” she said.

    Submissions for the tender close in September.

  • US NRC freezes decisons on new reactor, license renewal applications

    News 2 new results for DANGER TO US NUCLEAR PLANTS
    US NRC freezes decisons on new reactor, license renewal applications
    Platts
    The US Nuclear Regulatory Commission voted unanimously Tuesday not to issue final decisions on granting licenses to build new nuclear power reactors and 20-year license renewals to existing ones, pending resolution of the agency’s waste confidence rule 
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    Farmers Fight Nuclear Plant in Bid to Save Land
    Power Engineering Magazine
    “First our colonizers were white, and now they look like us,” said Satveer Siyag, a 38-year-old farmer from a neighboring village, who is afraid of the danger posed by the plant to the environment and health of residents nearby. At the hearing 
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  • Weekly World Energy News Update – 4th August 2012

    Weekly World Energy News Update – 4th August 2012

    Posted: 04 Aug 2012 05:26 PM PDT

    This week was a busy one for US energy policy, and renewable energy tax credits were the focus of legislative battles and Obama-Romney campaign rhetoric. Republicans in the Senate dealt Romney a blow when the Senate Finance Committee passed a one-year extension of the wind energy tax credit. The deciding factor was when Republican Senator Charles E. Grassley of Iowa—where wind energy creates thousands of jobs—threatened to side with the Democrats if Team Romney insisted on removing the $3.3 million tax break. Also included in the tax…

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    Posted: 04 Aug 2012 05:26 PM PDT

    This week was a busy one for US energy policy, and renewable energy tax credits were the focus of legislative battles and Obama-Romney campaign rhetoric. Republicans in the Senate dealt Romney a blow when the Senate Finance Committee passed a one-year extension of the wind energy tax credit. The deciding factor was when Republican Senator Charles E. Grassley of Iowa—where wind energy creates thousands of jobs—threatened to side with the Democrats if Team Romney insisted on removing the $3.3 million tax break. Also included in the tax…

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  • Kurds Hold the Aces in Iraqi Oil Sector

    Oil Price Daily News Update


    Kurds Hold the Aces in Iraqi Oil Sector

    Posted: 02 Aug 2012 12:54 PM PDT

    The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north.  The region’s Ministry of Natural Resources said the resumption was a goodwill gesture meant to encourage the central government to settle the outstanding payments. With foreign companies seemingly focusing their financial energy in northern Iraq, however,…

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    Sudanese Government Backtrack on Decision to Increase Electricity Rates by 150%

    Posted: 02 Aug 2012 12:46 PM PDT

    Gee, sometimes a head of state wanted by the International Criminal Court on two warrants for his arrest just can’t get a break.Sudan’s government is described by the U.S. State Department as a “Constitutional democracy in form.”Sudan’s titular leader, President, Prime Minister, and Commander in Chief of the Armed Forces–Lt. Gen. Omar Hassan Ahmed al-Bashir, is unique among world leaders in that he is the only head of state currently subject to not one, but two arrest warrants issued by the ICC for genocide committed…

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    Investing Lessons in One of the World’s Most Volatile Sectors

    Posted: 02 Aug 2012 12:33 PM PDT

    One of the biggest questions energy investors face is how to trade volatility. For example, in a flat to down energy market, professionals often say trading volatility is the only way to make money. “A flat bear market can give flat performance, but with a lot of volatility,” says Martin Pelletier, Managing Director at Trivest Wealth Counsel of Calgary. “Fifty per cent to 100% swings either way are quite common.“Unfortunately investors have reacted incorrectly—buying the tops of secular bull markets and selling the…

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    Can the Big Shift in Energy bring a Return of Industrial Demand?

    Posted: 02 Aug 2012 12:17 PM PDT

    Outsourcing has become a dirty word in the 2012 election, in part, because over the last decade the US lost more than 5 million jobs to offshore emerging markets.  While politicians are busy scoring points about which party or players are responsible for these job losses, they are losing sight of a reversal of fortunes now taking place that offers the potential of bringing many of these manufacturing jobs back to the US—if we get our policy and political act together. Accenture just released a new research report entitled “North…

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    Iran will Look to Refine its Crude Domestically, Rather than Export it

    Posted: 02 Aug 2012 12:08 PM PDT

    President Mahmoud Ahmadinejad says Iran should focus now on oil products in light of tightening sanctions Iranian President Mahmoud Ahmadinejad said Iran should stop exporting crude oil and focus on selling refined oil products instead, a day after the US tightened sanctions on Tehran. “We must stop the exports of crude oil,” Ahmadinejad was quoted as saying by the Islamic Republic News Agency (IRNA) in a speech opening a new refinery near Tehran. “We must go in such a direction that we do not export crude oil, and this is doable through the development…

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