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Keyword: energy

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  • Hungary and New US Ambassador Find Common Ground on Defense and Energy Issues

    08/05/2018 11:25:29 AM PDT · by CondoleezzaProtege · 1 replies
    Hungary Today ^ | July 2018
    A four-party delegation of parliament’s foreign affairs committee met with David B. Cornstein, the new United States ambassador to Hungary. Hungary has started a programme to raise its defense spending to an annual 2 percent of GDP. Zsolt Németh referred to frequent complaints from Donald Trump. The president supposes that Washington pays too much into the North Atlantic Treaty Organization (NATO), a military alliance between a host of European countries, the US and Canada. Parties at the talks agreed that Hungary’s “unilateral dependence” on Russian energy supplies was “not healthy” and agreed on the need of diversifying energy sources, Nemeth...
  • Trump’s EPA Must Stand Firm in Fight Over Fuel-Economy Laws

    08/04/2018 8:36:27 AM PDT · by Kaslin · 47 replies
    Townhall.com ^ | August 4, 2018 | Tom Walton
    The Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA)on Thursday proposed that the nation’s costly and counterproductive fuel-economy standards remain at 2020 levels through 2026, abandoning President Barack Obama’s plans to raise them each year. Eliminating the standards altogether would be ideal, but this move is a reasonable response to the California Air Resources Board (CARB) trying to set standards for the whole country. CARB and its sister “blue” anti-Trump states constitute 35 percent of the nation’s auto buyers, and they are threatening to go their own way and impose the Obama-era standards if EPA ultimately enacts...
  • Xcel ratepayers would get a bum deal under Colorado Energy Plan

    08/04/2018 11:47:24 AM PDT · by george76 · 13 replies
    Colorado Politics ^ | August 2, 2018 | Amy Oliver Cooke
    Late last summer, and with great fanfare, Xcel Energy announced its proposal to close the Comanche I & II power units in Pueblo a decade ahead of schedule. They offered as replacement the euphemistically titled “Colorado Energy Plan” , a massive $2.5 billion fuel-switching scheme to move its Colorado customers away from baseload, reliable hydrocarbons in favor of intermittent renewables. ... the Minneapolis-based monopoly utility will force captive ratepayers to cough up at least another $287 million. That’s on top of the modeling errors we already found in their accounting, and Xcel acknowledged. In other words, ratepayers will pay higher...
  • Analysis: South Korea finds US crude much cheaper than Russian grades

    08/02/2018 11:42:24 AM PDT · by 2ndDivisionVet · 5 replies
    S & P Global ^ | August 2, 2018 | Gawoon Philip Vahn, Charles Lee and Irene Tang
    Singapore — South Korean refiners have paid close to $80/b on average for Russian crude oil received in June but under $75/b for US crude arrived in the same month, a stern reminder to the industry that short-haul supplies do not always come cheap and long-haul cargoes are not necessarily expensive. South Korea has imported a total of 2.17 million barrels of crude and condensate from Russia in June and paid on average $79.24/b, latest data from state-run Korea National Oil Corp. showed. KNOC's import cost figures include freight, insurance, tax and other administrative and port charges. On the contrary,...
  • Will Lockheed Martin Change The World With Its New Fusion Reactor?

    08/01/2018 9:41:39 AM PDT · by 2ndDivisionVet · 41 replies
    Forbes ^ | August 1, 2018 | Ariel Cohen
    Lockheed Martin’s secretive Skunkworks laboratory registered a patent in March for a revolutionary technology that could solve the world’s energy problems for good – but don’t pop the champagne yet. The design is for a compact fusion reactor (CFR) which theoretically produces cheap, clean, near limitless energy – all from a device that could fit on the back of a semi. If it sounds far-fetched, that’s because it is. The sustained generation of a fusion reaction has evaded scientists since the idea was first conceived over 70 years ago. Lockheed Martin thinks they can change that. A controlled thermonuclear fusion...
  • The $3 Billion Plan to Turn Hoover Dam Into a Giant Battery

    07/31/2018 6:06:27 AM PDT · by rktman · 77 replies
    nytimes ^ | 7/24/2018 | Ivan Penn
    Hoover Dam helped transform the American West, harnessing the force of the Colorado River — along with millions of cubic feet of concrete and tens of millions of pounds of steel — to power millions of homes and businesses. It was one of the great engineering feats of the 20th century. Now it is the focus of a distinctly 21st-century challenge: turning the dam into a vast reservoir of excess electricity, fed by the solar farms and wind turbines that represent the power sources of the future. The Los Angeles Department of Water and Power, an original operator of the...
  • Idiot of the Week: White People Have No Culture

    07/31/2018 2:11:09 AM PDT · by Rummyfan · 53 replies
    The Declination ^ | 30 July 2018 | Thales
    Self-loathing white people are some of the most disturbing people to have ever drawn breath. Drama queens might be the best way to describe them, for they obsess endlessly about things they haven’t done, they elevate petty problems to the world stage and bury major ones behind a veneer of political correctness. A white kid wearing dreadlocks is the end of the world. But recognizing that ISIS lobs gay people off of buildings for amusement is probably racism (even though, paradoxically, Islam is not a race). Sanctimony is their religion, Social Justice their crusade, and endless self-hatred their spiritual diet....
  • Could this 'clean coal’ plant proposal be answer to Indiana’s 17 billion tons of reserves? (Jobs?)

    07/30/2018 4:26:29 PM PDT · by 2ndDivisionVet · 13 replies
    Republic of Mining ^ | March 18, 2018 | Sarah Bowman and Emily Hopkins
    When it comes to coal, the United States is what the Middle East is for oil. That fact is not lost on an industry competing for relevancy at a time when it’s undersold by natural gas and renewable energy. It’s not lost on the coal-producing towns in the nation that have long relied on the mineral for jobs and economic development. And it’s certainly not lost on Greg Merle, whose company is pitching what he hopes — what he believes — might just be the answer for a declining industry desperate to remain viable. Merle is the president of Riverview...
  • String Theory May Create Far Fewer Universes Than Thought

    07/30/2018 3:26:36 PM PDT · by LibWhacker · 42 replies
    Space.com ^ | 7/30/18 | Clara Moskowitz
    The problem with string theory, according to some physicists, is that it makes too many universes. It predicts not one but some 10500 versions of spacetime, each with their own laws of physics. But with so many universes on the table, how can the theory explain why ours has the features it does? Now some theorists suggest most—if not all—of those universes are actually forbidden, at least if we want them to have stable dark energy, the supposed force accelerating the expansion of the cosmos. To some, eliminating so many possible universes is not a drawback but a major step...
  • Some Good Trade News

    07/26/2018 4:43:00 AM PDT · by reaganaut1 · 20 replies
    Wall Street Journal ^ | July 25, 2018
    The meeting on trade Wednesday between President Trump and European Commission President Jean-Claude Juncker had all the makings of a potential crackup, but in the event it provided the best economic news in weeks. Financial markets were clearly pleased, as stocks rose across the board before the closing bell on the statements by the two presidents after their White House session. Call it a relief rally. The two sides essentially declared a tariff truce, pending negotiations on a larger trade deal between the 28-nation European Union and the U.S. Mr. Trump agreed to step back from his threat of 25%...
  • Commerce Initiates National Security Investigation Into Uranium Imports

    07/25/2018 8:18:17 AM PDT · by Hamiltonian · 16 replies
    Eurasia Review ^ | July 21, 2018
    At the request of two domestic uranium producers, the US Department of Commerce (DOC) has launched an investigation into whether “the present quantity and circumstances” of uranium imports threatens national security. However, the US nuclear energy industry has warned that a suggested quota on imports would have a significant financial impact on the country’s reactor operators........ In their petition, Ur-Energy and Energy Fuels noted that US uranium production met just 5% of domestic reactor requirements last year. This year, domestic producers are projected to fulfil about 2% of US reactor demand...... “In 2016, the combined uranium imports from three geopolitically...
  • Advice from a shark: Ignore the Trump circus, focus on Trump policy (on Tariffs)

    07/24/2018 7:57:13 PM PDT · by entropy12 · 11 replies
    The Hill ^ | 07/24/18 01:30 PM EDT | KEVIN O'LEARY
    The U.S. is likely to maintain a trade deficit with China even if all tariffs are removed. Why? The U.S. is the largest economy in the world, and the American consumer has a ferocious appetite for goods and services. The U.S. economy simply consumes more than it exports. This is not going to change anytime soon. Tariffs are a different deal. They are imbalances. Take the automotive industry, for example. The Chinese and Europeans charge higher tariffs on U.S. cars coming into their markets than corresponding Asian and European automobiles entering the U.S. markets. This has been going on...
  • How The Fracking Revolution Broke OPEC's Hold On Oil Prices

    07/24/2018 8:53:32 AM PDT · by Hojczyk · 17 replies
    Forbes ^ | July 22,2018 | Robert Rapier
    The success of this marriage would unlock oil in tight oil and shale oil deposits that had previously been too expensive to recover, and would result in one of the greatest oil booms the world had ever seen. In fact, the "fracking revolution" caused U.S. oil production to turn upward in 2009, and then rise over the next seven years at the fastest rate in U.S. history. While it is still true that OPEC still produced 42.6% of the world's oil in 2017, the majority of new oil production since 2008 has come from the U.S.It is hard to overstate...
  • Could oil prices skyrocket to $200 a barrel … or more?

    07/24/2018 6:42:28 AM PDT · by yesthatjallen · 61 replies
    The Hill ^ | 07/24/18 | Simon Henderson
    It’s summer. It’s hot. We all want to go on vacation. But for those of us who watch the oil market, there’s a nagging feeling that we won’t get to read that trashy novel on the beach, because oil prices are ready to explode. Who’s to blame? Top of the list is Iranian President Hassan Rouhani who, on Sunday, warned the United States that conflict with the Islamic Republic would be “the mother of all wars.” Additionally, Rouhani’s comment that “We have always guaranteed the security” of the Strait of Hormuz — the comparatively narrow waterway from the Persian Gulf...
  • Oil Majors Quizzed on Near-Term Permian Hiring Plans (Texas)

    07/23/2018 9:42:43 PM PDT · by 2ndDivisionVet · 7 replies
    Rig Zone ^ | July 23, 2018 | Andreas Exarheas
    Royal Dutch Shell plc expects to be in “growth mode” in the Permian basin over the next few years, a company spokesperson said. “Shell fully expects to be in a growth mode in the Permian for at least the next few years as we continue to drill wells and significantly increase our production from the region,” the Shell spokesperson said when asked by Rigzone about its near-term hiring plans in the Permian. The oil and gas major currently employs more than 800 workers dedicated to the Permian. Over 700 Shell staff and contractors are located in the Midland and surrounding...
  • STUNNER-- Did Obama's Intel Chief Violate Iran Sanctions?

    03/04/2009 3:29:36 PM PST · by Shellybenoit · 7 replies · 459+ views
    WND/Yidwithlid ^ | 3/4/08 | Yidwithlid
    Since the appointment of Chas Freeman as director of the NIC was announced two weeks ago his recent career has called into question his fitness to serve in the this key intelligence position. Ambassador Freeman's relationship with the Saudi royal family has motivated him to express views that go way beyond the range of normal his views go way beyond the range of normal. Freeman runs a magazine that among other things claims the Iraq war was waged to help Israel. He subscribes the the "Walt and Mearsheimer contention that the Israel Lobby (a nice way of saying Jews) control...
  • Mexican leftist appeals to "anti-establishment" Trump, seeks NAFTA deal (AMLO-President-elect)

    07/22/2018 10:38:02 PM PDT · by 2ndDivisionVet · 12 replies
    Channel News Asia ^ | July 23, 2018 | Sharay Angulo, Julia Love, Peter Cooney and Paul Tait, Reuters
    Mexican President-elect Andres Manuel Lopez Obrador sent U.S. President Donald Trump a letter calling for a swift conclusion to NAFTA negotiations and pledging his wish to reset relations between the two countries, Mexican officials said on Sunday. Mexican President-elect Andres Manuel Lopez Obrador sent U.S. President Donald Trump a letter urging a swift end to NAFTA negotiations and suggesting the leaders could work well together due to their shared anti-establishment style, Mexican officials said on Sunday. The letter was delivered during a recent meeting in Mexico with senior U.S. officials, and details were disclosed once Trump had received it, said...
  • In letter to Trump, Mexican president-elect vows improvements to deter migration

    07/22/2018 5:31:22 PM PDT · by Extremely Extreme Extremist · 39 replies
    WFAA.COM ^ | 22 JULY 2018 | AP
    President-elect Andres Manuel Lopez Obrador on Sunday released a seven-page letter he sent to U.S. President Donald Trump detailing how he plans to improve Mexico's economy and security when he takes office in December so that Mexicans do not feel the need to migrate. "There will be many changes," he promised in the letter. "And in this new atmosphere of progress with well-being, I'm sure we can reach agreements to confront together the migration phenomenon as well as the problem of border insecurity." Lopez Obrador also suggested the two countries draft a development plan backed by public funds and invite...
  • House Republican Proposing Carbon Tax This Week To Replace the Gas Tax

    07/22/2018 7:39:21 PM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 07/22/2018 | Taylor Millard
    Florida Congressman Carlos Curbelo is getting ready to introduce a bill repealing the gas tax in exchange for a carbon tax. It seems rather odd the Miami Republican wants to chart this path, especially after the House GOP overwhelmingly denounced the notion of a carbon tax last week, but Curbelo isn’t backing down from his proposal. He told Miami Herald his proposal is just a “first step” in the discussion. When you ask this question in a vacuum, is any tax detrimental to economic growth? It’s usually going to be yes…But when you put it in context and you...
  • Iran's Rouhani warns Trump about 'mother of all wars'

    07/22/2018 2:14:53 PM PDT · by Mariner · 90 replies
    Reuters ^ | July 22nd, 2018 | Reuters Staff
    DUBAI (Reuters) - Iranian President Hassan Rouhani on Sunday cautioned U.S. President Donald Trump about pursuing hostile policies against Tehran, saying “war with Iran is the mother of all wars”, but did not rule out peace between the two countries. Iran faces increased U.S. pressure and looming sanctions after Trump’s decision to withdraw the United States from a 2015 international deal over Iran’s nuclear program. Addressing a gathering of Iranian diplomats, Rouhani said: “Mr Trump, don’t play with the lion’s tail, this would only lead to regret,” the state new agency IRNA reported. “America should know that peace with Iran...