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Keyword: energy

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  • Why Does Global Warming Only Turn Muslims Into Terrorists?

    11/25/2015 4:06:01 AM PST · by HomerBohn · 23 replies
    Erick On The Radio ^ | 11/22/2015 | Erick Erickson
    Global warming is the cause of terrorism in the Middle East and around the world according to Martin O'Malley, Bernie Sanders, Barack Obama, and other Democrats. Let's add in the Prince of Wales. With a straight face they make this claim, ignoring any and all other evidence to the contrary. But if that is so, if global warming causes terrorism, then I think the Democrats need to answer this question: why does global warming only turn Muslims into terrorists? There are Jews in the Middle East and Africa. There are Christians in the Middle East and Africa. There are animists,...
  • Obama's climate negotiator: China's CO2 output can keep rising because their economy needs to grow

    11/25/2015 5:34:12 AM PST · by E. Pluribus Unum · 19 replies
    CainTV.com ^ | 11/25/2015 | Dan Calabrese
    Unlike ours, apparently, because we would have to cut back immediately.Let's not forget the other travesty going on in Paris at the moment - the one Obama thinks will really show ISIS that we mean business. That's the one in which elected officials from nations across the globe conspire to raise taxes and put crushing new controls on industry using the pretext of global warming - oh, sorry, "climate change - because the public won't support these policies they've wanted to impose all along if not for some scare scenario about a looming global ecological disaster.Actually the public doesn't support...
  • COP 21: 2015 likely to be warmest on record, says UN weather body (Yeah, right)

    11/25/2015 5:30:36 AM PST · by bestintxas · 13 replies
    bbc ^ | 11/25/15 | m mcgrath
    Global average temperatures in 2015 are likely to be the warmest on record, according to the World Meteorological Organisation (WMO). Data until the end of October showed this year's temperatures running "well above" any previous 12 month period. The researchers say the five year period from 2011 to 2015 was also the warmest on record. The rise, they state, was due to a combination of a strong El Nino and human-induced global warming. The WMO said their preliminary estimate, based on data from January to October, showed that the global average surface temperature for 2015 was 0.73 degrees C above...
  • The Autowende Is Here: Electric Cars Are The Next Trillion Dollar Industry

    In the next 60 months the automotive industry will see more change than in the last 60 years. European car manufacturers should commit to electric cars now or Europe will be in economic trouble Once in a while a new technology comes along that profoundly changes the way humans relate to energy and transport. Wheels, steam engines and airplanes are all step changes that put humanity on a new trajectory. When I first drove the full electric Nissan Leaf back in 2011, I realized I was sitting in such a technological breakthrough. An internal combustion engine peaks at ~30% efficiency....
  • Russia accuses Kiev of playing politics with Crimea blackout

    11/24/2015 1:32:21 PM PST · by Berlin_Freeper · 7 replies
    ft.com ^ | Nov 24, 2015 | Roman Olearchyk
    Russia has denounced Kiev’s failure to restore power supplies to Crimea as politically motivated and threatened economic retaliation against its southern neighbour, days after suspicious explosions cut transmission lines from mainland Ukraine and left the Kremlin-annexed peninsula with almost no electricity.
  • Riyadh Feels the Pinch: The True Cost of Saudi Subsidies

    11/24/2015 5:15:41 AM PST · by thackney · 18 replies
    Geopolitical Monitor ^ | November 17, 2015 | Kirstin Berndt
    In downtown Riyadh, SUV-populated intersections and lushly landscaped parks leave little indication that Saudi Arabia is rapidly depleting its oil and water resources. The Saudi predilection for gas-guzzling vehicles and water-intensive leisure spaces is hardly surprising- governmental subsidies have long obscured the true cost of these resources. Saudis pay about 60 cents a gallon at the pump, which makes the average cost to fill a tank less than $20. Electricity, powered primarily by oil, costs only USD 0.6 per kilowatt hour. Drinking water supplied to Saudi households is so cheap that it is practically free. These low commodity rates are...
  • Energy Downturn Spreads Beyond the Oil Patch

    11/24/2015 5:12:30 AM PST · by thackney · 12 replies
    Wall Street Journal ^ | Nov. 23, 2015 | CHESTER DAWSON
    The prolonged slump in crude prices is rippling beyond the oil industry into areas of the North American economy... ...crude-market decline in its 17th month and nearly a year after OPEC dealt prices a sharp blow by refusing to rein in output, lower profits and mounting losses are crimping budgets, spurring multiple rounds of job cuts and driving some energy companies to seek bankruptcy protection. Signs of that distress are spreading throughout once-booming oil-producing regions across North America. Sales of single-family homes in Houston fell 10% on the year in October, the first double-digit decline this year, according to the...
  • Russian airstrikes destroy 472 terrorist targets in Syria in 48 hours, 1,000 oil tankers in 5 days

    11/23/2015 4:27:41 AM PST · by tcrlaf · 60 replies
    RT ^ | 11-23-2015 | RT
    Russian airstrikes have torched more than 1,000 tankers taking stolen crude oil to Islamic State refineries. This blow against the jihadists comes as the Russian Air Force has hit 472 terrorist targets in two days in Syria, making 141 sorties. All Russian aircraft have successfully returned to the Khmeimim airbase near Latakia, Major General Igor Konashenkov, spokesman for the Russian Defense Ministry, said in a daily briefing.
  • King of Sweden calls for a ban on BATHS and admits he is now ‘ashamed’ to run one after...

    11/23/2015 3:18:48 AM PST · by Libloather · 45 replies
    Daily Mail ^ | 11/22/15 | Tom Payne
    King of Sweden calls for a ban on BATHS and admits he is now 'ashamed' to run one after realising how much energy they use The King of Sweden has called for a ban on baths to help save the environment. King Carl XVI Gustaf, who once had a reputation as a lothario and is now a staunch environmentalist, said he realised how much water and energy they used when he was recently staying somewhere without a shower. The 69-year-old 'green king' told Swedish newspaper Svenska Dagbladet: 'It hit me how much water and energy it used. 'I thought "I...
  • Average American has energy equivalent of 450 human slaves working 8 hours shifts every day

    11/23/2015 3:11:25 AM PST · by jmcenanly · 46 replies
    Next Big Future ^ | November 20,2015 | Brian Wang
    1 horsepower approximates the sustained work output of a horse A healthy human can sustain about 0.1 hp indefinitely which is 74.5 watts 1 horsepower is the sustained effort of ten people 1 horse power = 745.6 watts = 33000 ft-lb/min The average american uses 13,250 kWh/year in electricity Which is 36 kwh/day Which is 1512 watts constant US average per person electrical energy is like 20 human slaves 24 hours per day 60 human slaves on 8 hour shifts 7 days a week
  • Climate change root cause of Syrian war: Britain's Prince Charles

    11/23/2015 2:23:58 AM PST · by ScottWalkerForPresident2016 · 108 replies
    Reuters ^ | 11/23/2015 | Michael Holden
    Britain's Prince Charles has pointed to the world's failure to tackle climate change as a root cause of the civil war in Syria, terrorism and the consequent refugee crisis engulfing Europe. The heir to the British throne is due to give a keynote speech at the opening of a global climate summit in Paris next week where 118 leaders will gather to try to nail down a deal to limit rising greenhouse gas emissions. "Some of us were saying 20 something years ago that if we didn't tackle these issues, you would see ever greater conflict over scarce resources and...
  • Oil Companies Brace For Big Wave Of Debt Defaults

    11/22/2015 1:43:38 PM PST · by Lorianne · 14 replies
    CNBC ^ | 21 November 2015 | Linda Dimyan
    Low oil prices are leaving many oil and gas companies with difficult debt loads, causing them to default at an extraordinary rate. On top of that, rating firm Moody's forecasts the default rate will increase. The strain on the oil patch comes after years of borrowing heavily at the start of the domestic energy renaissance. Marc Lasry, the chief executive of distressed investing specialist Avenue Capital Group, said these energy companies boosted their borrowings to between $250 billion and $300 billion, compared with the $100 billion at the start of this year. The energy boom of the past decade was...
  • Crimea without power from Ukraine after electricity pylons 'blown up'

    11/22/2015 11:06:15 AM PST · by amorphous · 40 replies
    Reuters ^ | 22 Nov 2015 | Jason Bush and Alessandra Prentice
    Crimea was left without electricity supplies from Ukraine on Sunday after pylons carrying power lines to the Russia-annexed peninsula were blown up overnight. It was not immediately clear who had damaged the pylons, but a Russian senator described the move as an "act of terrorism" and implied that Ukrainian nationalists were to blame. Crimea receives the bulk of its electricity from the Ukrainian mainland and its seizure by Russia last year prompted fury in Kiev and the West, which then imposed economic sanctions on Russian companies and individuals. Russia's Energy Ministry said emergency electricity supplies had been turned on for...
  • Just before Paris climate summit, Britain slashes wind, solar subsidies

    11/21/2015 5:56:19 PM PST · by SeekAndFind · 22 replies
    Hotair ^ | 11/21/2015 | Jazz Shaw
    On November 30th President Obama will join hordes of our ecological betters from around the world at the Paris Climate Summit. Weighty topics of how to save the planet will be discussed and agreements are expected which will further push the cause of eliminating carbon, fossil fuels and everything else we rely on to keep civilization chugging along. One of the leaders in the field of green energy and allegedly reduced carbon emissions has been Great Britain, which makes it all the more odd that just before the big confab kicks off, they’ve , preferring to focus on converting...
  • Arctic melt releasing ancient methane

    05/20/2012 10:31:04 AM PDT · by NormsRevenge · 46 replies
    BBC News ^ | 5/20/12 | Richard Black
    Scientists have identified thousands of sites in the Arctic where methane that has been stored for many millennia is bubbling into the atmosphere. The methane has been trapped by ice, but is able to escape as the ice melts. Writing in the journal Nature Geoscience, the researchers say this ancient gas could have a significant impact on climate change. Methane is the second most important greenhouse gas after CO2 and levels are rising after a few years of stability. There are many sources of the gas around the world, some natural and some man-made, such as landfill waste disposal sites...
  • Billions of Tons of Methane Lurk Beneath Antarctic Ice

    08/29/2012 6:47:54 PM PDT · by NormsRevenge · 60 replies
    LiveScience.com on Yahoo ^ | 8/29/12 | Tia Ghose, LiveScience
    Microbes possibly feeding on the remains of an ancient forest may be generating billions of tons of methane deep beneath Antarctic ice, a new study suggests. The amount of this greenhouse gas which would exist in the form of a frozen latticelike substance called methane hydrate lurking beneath the ice sheet rivals that stored in the world's oceans, the researchers said. If the ice sheet collapses, the greenhouse gas could be released into the atmosphere and dramatically worsen global warming, researchers warn in a study published in the Aug. 30 issue of the journal Nature. "There could be...
  • Newly Discovered Methane-Consuming Bacterium Could Help Reduce GHG Emissions ...

    11/26/2007 1:18:22 PM PST · by Red Badger · 33 replies · 157+ views
    www.greencarcongress.com ^ | 11/26/2007 | Staff
    An international team of researchers has discovered a methane-consuming microorganism that lives in extremely acidic conditions. The bacterium could one day be used to reduce methane gas emissions from landfills. It could also help to cut methane emissions from geothermal power stations. Aerobic methanotrophic bacteria (methanotrophs) consume methane diffusing away from methane-producing zones of soil and sediment. Some environments with active methane cyclessuch as marshes and peat bogsare very acidic; however, no cultured methanotroph grows optimally below pH 5. By contrast, the new bacterium is extremely acidophilic, and grows optimally at pH 2.0-2.5. Unlike known methanotrophs, which belong to the...
  • Sanders: 'To hell with the fossil fuel industry'

    11/21/2015 3:35:05 PM PST · by Libloather · 74 replies
    The Hill ^ | 11/21/15 | Mark Hensch
    Sen. Bernie Sanders (I-Vt.) on Saturday called for Republicans to abandon the corrupting influence of the Koch brothers and other wealthy energy magnates. "This is a party that rejects science and refuses to understand that climate change is real," he said of GOP during the annual Blue Jamboree in North Charleston, S.C. "I understand if you stand up to the Koch brothers and the fossil fuel industry, that you'll lose your campaign contributions," the 2016 Democratic presidential candidate added. "[Climate change] is already causing devastating problems all over this world. To hell with the fossil fuel industry. Worry more about...
  • U.S. Cattle Futures Slide Limit-Down, Sending Hog Prices Sharply Lower

    11/21/2015 11:40:43 AM PST · by jjotto · 32 replies
    NASDAQ ^ | November 16, 2015 | Kelsey Gee
    [Excerpt and link] ...Live-cattle futures for December fell 3 cents, or 2.3%, to $1.27675 a pound, after declining 3.1% over the past week on the Chicago Mercantile Exchange. Cattle futures for February were also limit-down, dropping 2.3% to $1.2965 a pound. Feeder-cattle futures for November fell 2.775 cents to $1.7230 a pound. Other feeder-cattle futures were limit-down... ...December lean hogs fell 3 cents, or 5.5%, to 51.80 cents a pound, a fresh six-year low...
  • Ethanol loses its few friends: Even Dr. Ben Carson has backed away from subsidies and mandates

    11/21/2015 1:54:16 PM PST · by george76 · 50 replies
    CFACT ^ | November 17, 2015 | Marita Noon
    in a major policy reversal, Carson .. no longer supports subsidies for any industry, including U.S. ethanol producers ... Plainly irritated, the ethanol industry shot back immediately, saying it receives no government subsidies. But it neglected to mention a very important fact. Instead of subsidies, ethanol producers get something better: a mandate that orders refiners to blend ethanol into motor fuels which forces consumers to buy their product. A federally guaranteed market beats a subsidy every time. The ethanol industry also benefits indirectly from agriculture programs that support farmers who grow corn for ethanol ... In attempt to push more...
  • Lehigh University professor and wife convicted of cheating NASA (Globe'Bull Fraud)

    11/21/2015 10:40:42 AM PST · by Kid Shelleen · 6 replies
    Morning Call (Allentown, PA) ^ | 11/21/2015 | Peter Hall
    Lehigh University engineering professor Yujie Ding and his wife, Yuliya Zotova, appeared to be talented researchers dedicated to advancing science, jurors in their federal fraud trial said. But the Upper Saucon Township couple's commitment to a $700,000 NASA research program turned fraudulent, jurors said, when Ding and Zotova failed to tell the space agency that Zotova's role in the project had ended. The jury Friday found Ding and Zotova guilty of six out of 10 counts of wire fraud for sending NASA fake invoices from the research company Ding owned and Zotova controlled.
  • New global heat records set for October and year-to-date

    Miami (AFP) - Last month was the hottest October in modern history and the first 10 months of the year have also set new records for worldwide warmth, US government scientists said Wednesday. The latest data means that 2015 is firmly on pace for being the most scorching since 1880, as global warming concerns mount ahead of key climate talks in Paris starting later this month. October marked the sixth month in a row that heat records were shattered across the planet, said the monthly report by the US National Oceanic and Atmospheric Administration. "The globally averaged temperature over land...
  • Enough of this Suicidal Religion Nonsense

    11/21/2015 8:48:08 AM PST · by NOBO2012 · 3 replies
    Michelle Obama's Mirror ^ | 11-20-2015 | MOTUS
    Please, can we stop pandering to this suicidal ideology posing as a religion! Wait, what? You’re talking about Islam? I thought we were talking aboutGlobal Warming. I guess in the realm of relativism and moral equivalency they might both be considered the same.This could be the result of Radical Islam…or global warming. Whatever. Prominent Scientists Declare Climate Claims Ahead of UN Summit ‘Irrational’ – ‘Based On Nonsense’ – ‘Leading us down a false path’ - Climate Depot It would be hard to know which side to come down on in these debates because as Monty Python said, “it's such a...
  • IBEW Sues EPA to Stop Clean Power Plan

    11/21/2015 7:31:11 AM PST · by dynoman · 26 replies
    IBEW International ^ | November 19, 2015 | IBEW
    The IBEW has filed suit to prevent the implementation of new federal regulations on power plants. The IBEW petition joins the 27 states, several utilities and two other labor unions that are already challenging the regulation. "The EPA is creating energy policy and they have neither the expertise nor the legal authority to do it," said International President Lonnie R. Stephenson. "We worked with the EPA for years to address greenhouse gas emissions with a plan that is both effective and legal. Unfortunately, we don't believe this regulation is either." "Human-caused climate change is real, and a real threat, but...
  • Prominent Scientists Declare Climate Claims Ahead of UN Summit ‘Irrational’(trunc)

    11/20/2015 9:45:15 PM PST · by Mariner · 13 replies
    Climate Depot ^ | November 20th, 2015 | By: Marc Morano
    MIT Climate Scientist Dr. Richard Lindzen: 'Demonization of CO2 is irrational at best and even modest warming is mostly beneficial.' - 'When someone says this is the warmest temperature on record. What are they talking about? It’s just nonsense. This is a very tiny change period.' Princeton Physicist Dr. Will Happer: 'Policies to slow CO2 emissions are really based on nonsense. We are being led down a false path. To call carbon dioxide a pollutant is really Orwellian. You are calling something a pollutant that we all produce. Where does that lead us eventually?' Greenpeace Co-Founder Dr. Patrick Moore: 'We...
  • Goldman eyes $20 oil as glut overwhelms storage sites

    11/20/2015 2:13:25 PM PST · by Lorianne · 50 replies
    Telegraph (UK) ^ | 19 November 2015 | Ambrose Evans-Pritchard
    The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned. Goldman Sachs told clients that the increasing glut of oil on the global market has combined with mild weather from a freak El Nino this winter. The twin-effect could send prices plummeting to $20 a barrel, the so-called ‘cash cost’ that forces drillers to abandon production. “Risks of a sharp leg lower remain elevated,” it said. Oil has fallen from $110 a barrel early...
  • Year after key OPEC meeting, oil bankruptcies rise to 37

    11/20/2015 10:22:11 AM PST · by thackney · 8 replies
    Fuel Fix ^ | November 20, 2015 | Collin Eaton
    A year after Saudi Arabia and its oil cartel decided to keep their oil wells running and let plunging prices correct a global oversupply, the number of bankruptcy cases among North American oil drillers has risen to 37. And that figure could double next year if crude stays cheap, as at least as many oil companies appear to be on the precipice of running out of cash or are coming up on deadlines to pay off their debt, attorneys at Dallas-based Haynes & Boone said Friday. The casualty count could end up growing larger than in the 2009 financial crisis,...
  • Donald Trump hated wind farms — until an Iowa voter asked

    11/20/2015 8:29:49 AM PST · by thackney · 130 replies
    Washington Post ^ | November 19, 2015 | Philip Bump
    Patricia Scalabrini, whose husband works for a local wind turbine manufacturer, wanted to know if Trump supports subsidies for the industry. The company that employs her husband, TPI, moved into a factory that was abandoned when Maytag moved its operations to Mexico. TPI employs about 800 people in Newton. It is helped by subsidies, in the form of the "production tax credit," which gives energy producers tax breaks based on how many kilowatt-hours of electricity they generate using renewable methods. The PTC has been continually renewed for short periods, meaning that it often becomes a political bargaining chip. It is...
  • Cruz calls EPA emissions plan ‘tyranny’

    11/20/2015 7:38:30 AM PST · by Isara · 13 replies
    Watchdog ^ | November 20, 2015 | Jon Cassidy
    Sen. Ted Cruz and Attorney General Ken Paxton denounced a new federal emissions regulation as illegal, expensive and pointless Thursday during an energy conference organized by the Texas Public Policy Foundation.The Environmental Protection Agency's new regulation, known as the Clean Power Plan, was finalized last month and immediately challenged in court by 26 states and an array of companies and associations in the energy industry."The regulation is neither clean nor does it have anything to do with power, other than the Obama Administration's power to harm our energy production," Cruz, a Republican, said in a taped message. "The CPP would,...
  • Premier's new 'electric' cars run on coal

    11/20/2015 6:29:02 AM PST · by rktman · 8 replies
    americanthinker.com ^ | 11/20/2015 | Viv Forbes
    Greens are hailing this as the spear-point of their green energy revolution. But the Premier’s green cars will run on...coal. Electric cars need large batteries, which have to be recharged. Maybe the Premier has a large subsidized solar panel on the roof of her garage, so that when she comes home, she can recharge the big battery? But the sun does not shine at night, so the car will still rely on electricity from coal.
  • Goldman eyes $20 oil as glut overwhelms storage sites

    11/20/2015 4:46:01 AM PST · by GonzoII · 25 replies
    The Telegraph ^ | GMT 19 Nov 2015 | Ambrose Evans-Pritchard
    "The world is floating in oil. The numbers we are facing now are dreadful," said David Hufton from PVM Group The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned. Goldman Sachs told clients that the increasing glut of oil on the global market has combined with mild weather from a freak El Nino this winter. The twin-effect could send prices plummeting to $20 a barrel, the so-called 'cash cost' that forces drillers to...
  • Mas AG energy study: New gas pipeline not needed to meet NE peak winter electricity demand

    11/20/2015 5:02:27 AM PST · by thackney · 13 replies
    Mass Live ^ | November 18, 2015 | Mary Serreze
    An energy study released today by Massachusetts Attorney General Maura Healey concludes that New England does not need additional natural gas pipeline infrastructure to meet peak winter energy demand and that energy efficiency and "demand response" would be the best solution over the next 15 years for both consumers and the environment. The long-anticipated study concludes that New England's power system is not facing an imminent reliability threat through 2030. Healey, who acts as utility ratepayer advocate in Massachusetts, commissioned the study in July. "As we make long-term decisions about our energy future, it's imperative we have the facts," Healey...
  • UAE oil minister defends OPEC’s decision not to cut production

    11/20/2015 4:50:21 AM PST · by thackney · 4 replies
    Al Arabiya ^ | 19 November 2015 | Reuters
    United Arab Emirates’ energy minister said on Wednesday he did not regret last year’s OPEC decision not to cut the production ceiling in the face of falling prices. “I am sure that the decision was right and I am confident that the market will stabilise,” Suhail al-Mazrouei said at an industry conference in Dubai. “We are not regretting the decision we took, we had no option,” he said. “Yes it’s painful for many producers around the world and we share that pain, but it doesn’t mean that we need to do something that is not sustainable.” The Organization of Petroleum...
  • ISIS oil revenue 'damaged' by airstrikes, low price

    11/20/2015 4:47:14 AM PST · by thackney · 5 replies
    CNBC ^ | 19 Nov 2015 | Holly Ellyatt
    A combination of successful airstrikes by Western governments and drop in the oil price are helping to cut off a much-needed revenue stream for the so-called Islamic State (ISIS) terrorist group, an energy analyst says. "The damage is being done, which is why we have seen ISIS oil production go from 110,000 barrels a day to 40,000 barrels a day," Amrita Sen, chief oil analyst at Energy Aspects, told CNBC Thursday. Following Friday's terrorist attacks in Paris and confirmation that a bomb brought down a Russian airliner in the Sinai desert a couple of weeks ago -- attacks both pinned...
  • Iraqi Oil Selling at $30 as OPEC Readies for New Battles

    11/19/2015 1:25:17 PM PST · by thackney · 32 replies
    Reuters via Rig Zone ^ | November 19, 2015 | Alex Lawler and Rania El Gamal
    Iraq may increase oil output further in 2016, although less dramatically than this year, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to sell some crude grades for as little as $30 a barrel. Iraq's output in 2015 has jumped almost 500,000 barrels per day (bpd), or 13 percent, according to the International Energy Agency (IEA). That has made Iraq the world's fastest source of supply growth and a key driver of surging OPEC production. At most, that growth is likely to give way to a modest rise next year, easing downward...
  • The Most Important Question About ISIS That Nobody Is Asking

    11/19/2015 1:11:01 PM PST · by amorphous · 52 replies
    Zero Hedge ^ | 19 Nov 2015 | Tyler
    The question of how the Islamic State funds its sprawling caliphate has been discussed in the past: we first broke down the primary driver of ISIS revenue well over a year ago, in September 2014, when we explained that "ISIS uses oil wealth to help finance its terror operations." ... We wonder how long until someone finally asks the all important question regarding the Islamic State: who is the commodity trader breaching every known law of funding terrorism when buying ISIS crude, almost certainly with the tacit approval by various "western alliance" governments, and why is it that these governments...
  • LyondellBasell moves forward with new chemical plant in Channelview

    11/19/2015 12:54:38 PM PST · by thackney · 1 replies
    Fuel Fix ^ | November 19, 2015 | Jordan Blum
    LyondellBasell Industries petrochemical giant said Thursday it plans to build a new plant near Houston at its Channelview complex that represents the company's largest capital investment ever. The PO/TBA plant would produce 900 million pounds of propylene oxide, 2 billion pounds of tertiary butyl alcohol and its derivatives annually. Propylene oxide is a chemical used to make everything from antifreeze to cosmetics. The tertiary butyl alcohol is a byproduct used as a solvent to make chemicals and gasoline additives. The move is part of the Gulf Coast's petrochemical boom that has seen companies taking advantage of cheap natural gas used...
  • China Could Become Global Leader In Nuclear Tech

    11/19/2015 11:54:37 AM PST · by bananaman22 · 2 replies
    Oilprice.com ^ | 19-11-2015 | Chinese
    China continues to rack up successes in exporting its nuclear power technologies as it seeks to become a leader on the global stage. Chinese President Xi Jingping wrapped up a state visit to the United Kingdom at the end of October, in which he inked a deal with the UK to help build nuclear reactors in England. The deal will see the China General Nuclear Power Corporation acquire a 33.5 percent stake in the Hinkley Point nuclear power plant. The power plant could be the most expensive reactor ever built and although it will be constructed years behind schedule, it...
  • Will 2016 Be The Year Of Wireless Energy?

    11/19/2015 9:06:06 AM PST · by bananaman22 · 30 replies
    Oilprice.com ^ | 19-11-2015 | Maccie
    Wireless power has been a dream of mankind’s for decades, but the technology finally appears to be gaining some traction. Theoretically, numerous studies have shown that wireless power is possible through a variety of aerial transmission modalities. Yet the problem with wireless power has been getting the technology to work at a reasonable range. So far, commercial use of wireless power has been limited, but progress is being made. For instance, Samsung now has a commercially available wireless charger for its cell phones. With the charger, consumers do not need to plug their phone into the wall for it to...
  • Without Government Backing, Solar Power Can’t Compete

    11/19/2015 8:58:46 AM PST · by rktman · 27 replies
    dailycaller.com ^ | 11/19/2015 | Steve Birr
    The government is going to pull the plug on the solar industry’s key tax credit as evidence mounts that the often touted renewable source cannot compete with traditional energy. “Solar power’s value as a grid resource is limited because we simply can’t count on it to meet peak demand in the evenings,” Travis Fischer, economist at the Institute for Energy Research, told The Daily Caller News Foundation. “In fact, solar power could cause major problems if implemented on a wide scale due to its daytime-only production profile.” Solar power has been on the rise in the U.S. and is often...
  • TransCanada and Enmax confirm layoffs in a rough week for Calgary workers

    11/19/2015 8:22:42 AM PST · by thackney · 5 replies
    Calgary Herald ^ | November 18, 2015 | DAN HEALING
    Both TransCanada Corp. and city-owned Enmax Corp. confirmed they laid off staff Wednesday as a provincewide economic slowdown blamed on low commodity prices hits pipeline and utility sectors. "This is a difficult time for all of our employees and contractors, as it is for those at many companies right now. These decisions aren't made lightly," said TransCanada spokesman Mark Cooper in an e-mail. He said the company wouldn't provide details on the reductions until they are complete, refusing comment on anonymous social media postings that claim the layoffs are being rolled out over three days, through Friday, and involve hundreds...
  • Putin hits ISIS where it hurts: Russia hits more than 200 targets in 24 hours as Moscow [tr]

    11/19/2015 6:12:59 AM PST · by C19fan · 15 replies
    UK Daily Mail ^ | November 19, 2015 | Keiligh Baker
    Russia has released footage which shows its fighter jets targeting oil trucks and a refinery, as Moscow confirmed it hit more than 200 targets in Syria in 127 sorties. On Tuesday alone, the day Russia confirmed a terrorist attack caused the downing of a passenger jet in Egypt, it hit 206 targets a defence ministry source told RT. France meanwhile said it had destroyed 35 targets since the terrorist attack. As well as flying from an airfield near Latakia, they also flew strategic bombers from Russian territory.
  • State regulator issues emergency order in Porter Ranch gas leak

    11/19/2015 6:12:06 AM PST · by thackney · 1 replies
    LA Daily News ^ | 11/18/15 | Dana Bartholomew
    The state's chief regulator for oil and gas fields issued an emergency order Wednesday demanding that the perpetrator of a nearly month-long natural gas leak in Aliso Canyon that has irritated residents of Porter Ranch turn over all its test data and submit plans to seal up the breach. State Oil and Gas Supervisor Steven Bohlen ordered Southern California Gas Co. to provide all testing results and data and asked for a written plan to seal the leak and,if necessary, a plan to complete a relief well. The company has tried since Oct. 23 to stem the flow of gas...
  • UK to Close All Coal-Fired Power Plants by 2025

    11/19/2015 5:08:30 AM PST · by thackney · 24 replies
    Power Engineering ^ | 11/18/2015 | Aaron Larson
    In a major speech setting out the future direction of the UK's energy policy, Energy and Climate Change Secretary Amber Rudd announced plans to restrict the use of the country's coal-fired power stations by 2023 and close all of the facilities by 2025. "Frankly, it cannot be satisfactory for an advanced economy like the UK to be relying on polluting, carbon intensive 50-year-old coal-fired power stations," Rudd said while speaking in London before the Institution of Civil Engineers. "We need to build a new energy infrastructure, fit for the 21st century." Rudd said that even with huge growth in its...
  • Hitting the Islamic State’s Oil Isn’t Enough

    11/19/2015 4:50:03 AM PST · by thackney · 27 replies
    Foreign Policy ^ | NOVEMBER 17, 2015 | DAVID FRANCIS, DAN DE LUCE
    U.S. and coalition warplanes have launched a rapidly intensifying air campaign against the Islamic State's oil wells, refineries, and pump stations in recent days, mounting combat missions designed to incinerate tanker trucks and knock out the facilities that form the backbone of the group's oil-smuggling racket. The air raids are meant to wreck the Islamic State's ability to profit off captured oil fields, but even if the strikes work, the extremists will have plenty of cash on hand. That's because the militant group's most important revenue stream comes not from crude oil but from extorting money from the millions of...
  • Oil companies announce significant write-downs in third-quarter 2015

    11/19/2015 4:43:34 AM PST · by thackney · 6 replies
    Energy Information Administration ^ | November 18, 2015 | Energy Information Administration
    International and U.S. upstream oil companies wrote down $38 billion in assets in the third quarter of 2015, the largest for any quarter since at least 2008 for this set of 46 companies (Figure 1). Low oil prices continue to have a significant effect on the value of companies' assets and future prospects as well as on current revenue. Although the volume of total liquids output for this group of companies increased over third-quarter 2014, the fall in oil prices contributed to a year-over-year decline in revenue. Lower oil prices also contributed to a 33% decline in cash flow from...
  • Propane Power Is Grabbing Growing Share of Gas-Fired Market

    11/18/2015 4:22:53 PM PST · by thackney · 13 replies
    Power Magazine ^ | 11/10/2015 | Thomas Overton
    As liquefied natural gas (LNG) continues to draw attention in the gas market, with the first new U.S. LNG export terminal in decades coming online next year, another liquefied gas--propane--is beginning to expand its share of the mix as propane power options continue to grow. While propane-powered engines and microturbines have been around for a long time, they've always taken a back seat to diesel for a variety of reasons--primarily cost. Diesel has historically been less expensive than propane, but a combination of higher crude oil prices, a glut in the natural gas liquids market, and growing environmental regulation of...
  • While US crude imports rise from Iraq, Saudi’s remain subdued

    11/18/2015 9:48:00 AM PST · by thackney · 4 replies
    Fuel Fix | November 18, 2015 | Matt Smith
    It is Margaret Atwood's 76th birthday, and her 2009 novel 'The Year of the Flood' seems an appropriate way to sum up the crude market this year. We await the weekly EIA inventory report this morning, with oil inventories less than 4 million barrels shy of the record of 490.9 mn bbls seen earlier in the year (...in itself an 80-year high). While a near-2 million barrel build is expected from today's report, last night's API report has put the putty cat among the pigeons by yielding a surprise draw of 0.4 mn bbls. The API report also showed a...
  • Why French Military Action In Syria Doesn’t Affect Oil Prices

    11/18/2015 8:45:38 AM PST · by bananaman22 · 3 replies
    Oilprice.com ^ | 18-11-12015 | apache
    The horrific attacks in Paris prompted a swift response from French President Francois Hollande, as he dispatched an aircraft carrier to the Eastern Mediterranean a day after airstrikes hit the key city ISIS stronghold of Raqqa. The United States responded with airstrikes on Monday, November 16, targeting hundreds of trucks that the U.S. military believes are used for smuggling oil. The NYT reported that 116 trucks were destroyed in American airstrikes by A-10 planes and AC-130 gunships in eastern Syria. ISIS generates millions of dollars per day by smuggling oil from Syrian oil fields, a source of revenue that has...
  • How Global Warming Science Ate The NASA Budget

    11/18/2015 6:39:53 AM PST · by Purdue77 · 6 replies
    The Daily Caller ^ | 11/17/2015 | Andrew Follett
    The Daily Caller (11/17, Follett) reports that according to Representative Lamar Smith, chairman of the House Committee on Science, Space, and Technology, NASA's dedication toward climate research has reduced the funding available for its planetary science and exploration efforts. In an email to the Daily Caller News Foundation, Smith stated, "The Obama administration has consistently tried to cut NASA's space exploration budgets in order to fund increases for Earth science programs," adding, "Just this year, the president proposed drastically cutting NASA's exploration systems by more than $440 million dollars while Earth Science accounts have increased by 63 percent over the...