Archive for the 'Energy' Category

Waxman bid to oust Dingell worries centrists

Courtesy Rawstory

Henry Waxman, a long-serving, outspoken, progressive California Democrat, has launched a bid to take control of perhaps the most powerful committee in the House of Representatives. 

The move has many moderate Democrats worried about what they see as a takeover from the party’s left flank.

Waxman currently chairs the House Oversight and Government Reform Committee, but last week he announced an attempt to take over the Energy and Commerce Committee, chaired by Rep. John Dingell (D-MI). The powerful committee has jurisdiction over an array of important areas, including environmental policy and healthcare.

While there had been some expectation in Washington over the last several months that Waxman might seek the new post, his formal announcement last week caught Dingell off guard. Roll Call reports that Dingell is mobilizing allies in the Blue Dog and New Democrats coalitions to stave off Waxman’s rise.

The coordination marks a departure for the groups, which have not traditionally worked together, and a shared fear that with Democrats preparing to take control of all levers of political power, moderates could get steamrolled by emboldened liberals.

“We’re very concerned about the direction that some are trying to move our majority,” said Rep. Mike Ross (D-Ark.), Blue Dog co-chairman for communications.

Leaders of both groups were working the phones last week to round up support for Dingell, the 27-term dean of the House, in his counteroffensive against Waxman’s surprise challenge. Ross and Reps. Allen Boyd (D-Fla.) and John Tanner (D-Tenn.), both senior Blue Dogs, joined Rep. Ellen Tauscher (D-Calif.), chairwoman of the New Democrats, on Dingell’s 26-member team.

Dingell’s sympathy for the auto industry has contributed to a lack of action on climate change legislation, frustrating environmentalists. 

-Article Continues @ Sourced Site.

Oil ‘to shoot back through $100′

Courtesy The Guardian:

The oil price will shoot back through $100 a barrel as soon as economic conditions return to normal, and will break through $200 threshold by 2030, say officials at the International Energy Agency.

The world energy watchdog is certain the “era of cheap oil” is over, according to research due to out next week. Indeed last year it had predicted the oil price would reach $108 in 2030 so has more than doubled its long-term price target.

“While market imbalances could temporarily cause prices to fall back, it is becoming increasingly apparent that the era of cheap oil is over,” says the IEA in the World Energy Outlook report, obtained by the Financial Times ahead of its release next week.

Oil prices have endured a rollercoaster ride this year during some of the most volatile trading on record. Crude climbed relentlessly from $96 a barrel in January to a record $147 by mid-July, spelling misery for drivers.

Households also suffered as wholesale gas and electricity prices - which are linked to those of oil - soared to record levels and were swiftly passed on in higher fuel bills. Oil’s rise was also a main driver for soaring inflation in the UK, which doubled in six months to nearly 5%.

But the intensification of the financial crisis this autumn has depressed the oil price to $60-$70 a barrel - today Brent crude was off 1% at $65.

As a result, the AA estimates that average UK petrol prices have fallen back from a peak of 119.7p per litre in mid July to 97.44p, reducing the cost of a 50-litre tank of petrol by about £11. It complains about a lack of “transparency” as lower prices are not passed on in full to consumers - but rises are.

Article Continues @ Sourced Site.

Time to bury the ‘clean coal’ myth

Courtesy The Guardian (UK)

 

Who came up with the term “clean coal”? It is the most toxic phrase in the greenwash lexicon. George W Bush, by promising to pump hundreds of millions of dollars into the pursuit of advanced “clean” coal technologies, certainly popularised it. But I’d love to know where it came from. Any thoughts out there?

It is, of course, oxymoronic. Coal is about acid rain and peasouper smogs, asthma and mercury contamination, radioactive waste emissions and ripping apart mountains, killing trees, lung cancer and, of course, global warming.

Coal emits more carbon dioxide for every unit of energy generated than any other fuel. Sure you can clean it up a bit – though the toxins you’ve taken out of the ground have to go somewhere. But clean coal? Just say no.

But the phrase rolls on. Google offers more than a million web pages. We will hear a lot more of it as the UK government wrestles with whether to approve a new billion-pound “cleaner coal” power station – Britain’s first coal plant for three decades – at Kingsnorth in Kent.

E.ON, the company that wants to build the station, says Kingsnorth will be “ready” to capture carbon dioxide emissions before they go up the stack. Great, except there is no such technology right now.

This phrase “clean coal” has developed a life of its own thanks to remorseless commercial propagandising. This year a coalition of US coal mining companies and electricity utilities called Americans for Balanced Energy Choices (and recently renamed the American Coalition for Clean Coal Electricity) is paying the advertising agency R&R Partners $35m (£22m) to promote “clean coal” through advertising and other promotional activity.

This is up there with the safe cigarette and “atoms for peace”. The industry is fighting back against growing scientific calls to outlaw coal burning, and the rejection of dozens of coal power plants proposals by communities across the US, with several states effectively banning them.

You may have noticed the campaign’s effect. Both John McCain and Barack Obama support clean coal. It’s neat. Who could be against clean coal? It allows them to oppose dirty coal without antagonising anyone. You may not have spotted that Americans for Balanced Energy Choices sponsored two early presidential debates, during which – guess what – no questions were asked about global warming.

And here in Britain you can see the impact of the new mantra. In Putney, in southwest London, there is a branch of the International Energy Agency that used to be called the Coal Research Centre. It’s changed its name – to the Clean Coal Centre. Thanks to its “industrial sponsors” it is able to “provide unbiased information on the sustainable use of coal worldwide.” Right. Like the fact there isn’t any?

Is clean coal possible in future? Well, if you mean could we capture carbon dioxide emissions and bury them somewhere out of harm’s way – in old coal seams or oilfields or salt mines – yes, it is possible. The former British chief scientist Sir David King called it “the only hope for mankind”.

But the most authoritative study, The Future of Coal, published last year by the Massachusetts Institute of Technology (MIT), concluded that the first commercial carbon capture and storage (CCS) plant wouldn’t come on stream until 2030 at the earliest.

Last year too, the Edison Electric Institute, which represents most US power generators, admitted to a House Select Committee in Washington DC that commercial deployment will require 25 years research costing at least $20bn.

And that was before the US administration last December canned the biggest R&D project on the technology anywhere in the world. It said it was too costly and hinted that, for all their green talk, industry wasn’t prepared to back it.

Oh, and if the technology did one day work – and could demonstrate that it could keep liquefied carbon dioxide buried for the thousands of years necessary – it would take decades to build the vast infrastructure needed to deploy on a large scale. Infrastructure that could only be paid for by maintaining a vast dirty coal-burning industry for the duration.

Article Continued @ Sourced Site.

Farmer in Chief

Courtesy NYTimes.

It may surprise you to learn that among the issues that will occupy much of your time in the coming years is one you barely mentioned during the campaign: food. Food policy is not something American presidents have had to give much thought to, at least since the Nixon administration — the last time high food prices presented a serious political peril. Since then, federal policies to promote maximum production of the commodity crops (corn, soybeans, wheat and rice) from which most of our supermarket foods are derived have succeeded impressively in keeping prices low and food more or less off the national political agenda. But with a suddenness that has taken us all by surprise, the era of cheap and abundant food appears to be drawing to a close. What this means is that you, like so many other leaders through history, will find yourself confronting the fact — so easy to overlook these past few years — that the health of a nation’s food system is a critical issue of national security. Food is about to demand your attention.

Complicating matters is the fact that the price and abundance of food are not the only problems we face; if they were, you could simply follow Nixon’s example, appoint a latter-day Earl Butz as your secretary of agriculture and instruct him or her to do whatever it takes to boost production. But there are reasons to think that the old approach won’t work this time around; for one thing, it depends on cheap energy that we can no longer count on. For another, expanding production of industrial agriculture today would require you to sacrifice important values on which you did campaign. Which brings me to the deeper reason you will need not simply to address food prices but to make the reform of the entire food system one of the highest priorities of your administration: unless you do, you will not be able to make significant progress on the health care crisis, energy independence or climate change. Unlike food, these are issues you did campaign on — but as you try to address them you will quickly discover that the way we currently grow, process and eat food in America goes to the heart of all three problems and will have to change if we hope to solve them. Let me explain.

After cars, the food system uses more fossil fuel than any other sector of the economy — 19 percent. And while the experts disagree about the exact amount, the way we feed ourselves contributes more greenhouse gases to the atmosphere than anything else we do — as much as 37 percent, according to one study. Whenever farmers clear land for crops and till the soil, large quantities of carbon are released into the air. But the 20th-century industrialization of agriculture has increased the amount of greenhouse gases emitted by the food system by an order of magnitude; chemical fertilizers (made from natural gas), pesticides (made from petroleum), farm machinery, modern food processing and packaging and transportation have together transformed a system that in 1940 produced 2.3 calories of food energy for every calorie of fossil-fuel energy it used into one that now takes 10 calories of fossil-fuel energy to produce a single calorie of modern supermarket food. Put another way, when we eat from the industrial-food system, we are eating oil and spewing greenhouse gases. This state of affairs appears all the more absurd when you recall that every calorie we eat is ultimately the product of photosynthesis — a process based on making food energy from sunshine. There is hope and possibility in that simple fact.

In addition to the problems of climate change and America’s oil addiction, you have spoken at length on the campaign trail of the health care crisis. Spending on health care has risen from 5 percent of national income in 1960 to 16 percent today, putting a significant drag on the economy. The goal of ensuring the health of all Americans depends on getting those costs under control. There are several reasons health care has gotten so expensive, but one of the biggest, and perhaps most tractable, is the cost to the system of preventable chronic diseases. Four of the top 10 killers in America today are chronic diseases linked to diet: heart disease, stroke, Type 2 diabetes and cancer. It is no coincidence that in the years national spending on health care went from 5 percent to 16 percent of national income, spending on food has fallen by a comparable amount — from 18 percent of household income to less than 10 percent. While the surfeit of cheap calories that the U.S. food system has produced since the late 1970s may have taken food prices off the political agenda, this has come at a steep cost to public health. You cannot expect to reform the health care system, much less expand coverage, without confronting the public-health catastrophe that is the modern American diet.

The impact of the American food system on the rest of the world will have implications for your foreign and trade policies as well. In the past several months more than 30 nations have experienced food riots, and so far one government has fallen. Should high grain prices persist and shortages develop, you can expect to see the pendulum shift decisively away from free trade, at least in food. Nations that opened their markets to the global flood of cheap grain (under pressure from previous administrations as well as the World Bank and the I.M.F.) lost so many farmers that they now find their ability to feed their own populations hinges on decisions made in Washington (like your predecessor’s precipitous embrace of biofuels) and on Wall Street. They will now rush to rebuild their own agricultural sectors and then seek to protect them by erecting trade barriers. Expect to hear the phrases “food sovereignty” and “food security” on the lips of every foreign leader you meet. Not only the Doha round, but the whole cause of free trade in agriculture is probably dead, the casualty of a cheap food policy that a scant two years ago seemed like a boon for everyone. It is one of the larger paradoxes of our time that the very same food policies that have contributed to overnutrition in the first world are now contributing to undernutrition in the third. But it turns out that too much food can be nearly as big a problem as too little — a lesson we should keep in mind as we set about designing a new approach to food policy.

Article Continues @ Sourced Site.

Black Silicon To Revolutionize Solar Cells

Courtesy Device Daily.

Ten years ago, graduate students at Harvard University found a way of making silicon more responsive, by blasting the surface with a wafer, using a brief pulse of laser energy, along with dopants. They called the result “black silicon”, which was a much improved silicon and was able to absorb protons and release electrons much better. Now a company went official and said that they have been working for three years on this technology and are going to commercialize this process.

The company that will develop the “black silicon” is called SiOnyx and is confident that their technology is able to help manufacturers build much more efficient photovoltaic cells and sensitive detectors, without using anything else than the silicon-based process they currently use.
Black silicon could revolutionize some of nowadays technologies, like solar energy generation, medical imaging and digital photography.
“You’ve never been able to detect light the way this stuff detects light. It means that you solve a clear and obvious pain point for a very large number of customers,” says Stephen Saylor, SiOnyx CeO.
The Black Silicon can be integrated into current semiconductor fabrication lines, because is just a simple silicon roughed by chemical treatment and a femtosecond laser pulse, which is not a hard process. Carey says: “You can do everything we’re talking about without extraordinary, Herculean effort, and you can do it in a way that fits with high-volume manufacturing flows.”

Article Continues @ Sourced Site.

Russian Emergency Funding Fails to Halt Stock Rout

Sept. 17 (Bloomberg) — Russia poured $44 billion into its three largest banks and halted stock trading for a second day in a bid to stem the worst financial crisis since the devaluation and default a decade ago.

The Finance Ministry extended the repayment period on loans available to OAO Sberbank, VTB Group and OAO Gazprombank to three months from one week. The benchmark Micex stock index plunged as much as 10 percent, bringing its three-day decline to 25 percent. The KIT Finance brokerage said it’s in talks with investors to sell a stake after failing to meet obligations.

Russia’s markets are facing the biggest test since the government defaulted in 1998. The decade-long economic boom is fading, foreign investors have pulled at least $35 billion from the nation’s stocks and bonds since the five-day war in Georgia last month, and the collapse this week of Lehman Brothers Holdings Inc. and American International Group Inc. prompted a flight from emerging markets.

“I will tell my clients today to continue to abstain from buying Russian assets” until economic problems are solved, said Zina Psiola, who manages a $1 billion Russian equities fund at Clariden Leu AG in Zurich.

The cost of lending has soared to a record, with the MosPrime overnight rate reaching 11.1 percent today, deterring speculative bets in equities. Russian stocks have lost more than $425 billion in value since reaching an all-time high May 17.

`Effectively Closed’

“The bond market remains effectively closed and banks are reluctant to lend to one another,” said Julian Rimmer, head of sales trading at UralSib Financial Corp. in London. “The problems experienced by KIT Finance have heightened counterparty risk and reduced liquidity further.”

Moscow-based KIT today said it is seeking to sell a stake after failing to meet some financial obligations related to repurchase agreements.

“Every day Russia falls due to people not being able to meet margin calls,” said Marina Akopian manager of the Hexam EMEA Absolute Return Fund in London.

The cost of protecting bonds sold by Sberbank from default jumped 60 basis points to 3.55 percentage points, according to CMA Datavision prices at 3 p.m. in London. Credit-default swaps on OAO Gazprom, the gas export monopoly, fell 38 basis points to 421. Contracts on VTB Group declined 35 basis points from an all-time high to 6.53 percentage points, according to CMA.

Necessary Measures

Article Continues @ Sourced Site.

!@#$%^&*!!! Gas!

*Please Note: Click Titles for complete Articles.*

1.Gasoline may be scarce for a few days.
Courtesy Chron (The Huston Chronicle)

Local residents who heeded warnings to fill up gas tanks before Hurricane Ike will likely be glad they did.
Many gas stations in the area could be closed for several days because of power outages and storm damage, while refinery and fuel terminal closures in the region could slow replenishing of fuel supplies.
“Once they open up, it’s going to be a bottleneck because 95 percent of the stores are going to be wanting gas,” said Mohammed Ali Dhanani, who owns a few dozen gas stations in the Houston area under the Shell, Exxon and Chevron brands.
Many area gas stations were already running on empty after thousands of residents in the region gassed up for evacuations or filled extra storage tanks in preparation for the storm. Shell Oil said half of the Shell-branded stations in Houston and Galveston were without fuel Friday; other oil companies also reported stations out of gas before Ike’s arrival.
Gretchen Fox, spokeswoman for the Texas Fuel Team, said the state deployed preliminary damage assessment teams this afternoon to determine when it’s safe to bring in critical personnel to get fuel infrastructure back online.
Those personnel include generator operators and tanker truck drivers on standby at Tully Stadium in Houston and Wolfe Stadium in San Antonio, as well as other locations.
“That’s not something that happens in an hour,” she said.
Like the state, companies also stood ready to restock gas stations. Valero Energy Corp. was preparing to send in “loss prevention teams” equipped with generators and other equipment necessary to reopen fuel stations, company spokesman Bill Day said.
Shell said it will assess, repair and reopen its stations as quickly as possible, and will send generators to stores where needed. Exxon Mobil Corp. was moving fuel supplies from areas not affected by Ike into the Houston-Galveston region, said company spokesman Kevin Allexon.

2.Ike’s aftermath: The return of $4 gas

NEW YORK (CNNMoney.com) — Gas prices are poised to shoot back toward record highs after Hurricane Ike’s direct hit to the heart of the nation’s oil refineries, analysts said.

In addition, Hurricane Ike could turn out to be the third-most expensive natural disaster in U.S. history, according to preliminary forecasts from a firm that does loss estimates for the insurance industry.

Experts say it’s too soon to know exactly how much damage the hurricane - which slammed into Galveston, Texas, early Saturday - did to the refineries.

Some early reports suggested that the damage could be limited despite the nearly direct hit.

But the output at the refineries, which produce nearly 25% of the nation’s gasoline, could still be affected if it takes weeks or months to restore full power to the region.

The uncertainty left experts projecting everything from a nationwide gasoline spike above $5 a gallon to a jump to just below the $4 mark.

Related: Hurricane Ike, Energy Infrastructure, Refineries and Damage Models Landfall Thread (Updated 9/13 9:00 EDT
Courtesy The Oil Drum.

Sex, drugs, oil and gas

Courtesy The Globe and Mail (Canada)

A group of U.S. bureaucrats who collected billions of dollars in royalties from energy companies operated in a culture so bereft of ethics they regularly consumed cocaine and marijuana at industry gatherings, had sexual relations with oil company representatives and routinely received gifts from energy firms, including divisions of Chevron Corp., Royal Dutch Shell PLC and BP, according to an internal investigation.

“We discovered that between 2002 and 2006, nearly one-third of the entire [division] staff socialized with, and received a wide array of gifts and gratuities from, oil and gas companies with whom [the division] was conducting official business,” the report found.

Some of the employees held side jobs as industry consultants while others provided confidential information about upcoming government contracts to company representatives, the investigators said.

The director, Gregory Smith, allegedly “engaged in illegal drug use and had sexual relations with subordinates, and in consort with industry,” the report said. Mr. Smith, who retired in 2007, allegedly had employees buy him cocaine during work hours, referring to the drugs as “office supplies.” He allegedly acknowledged his drug use to investigators, calling it “episodic,” and admitted inappropriate relations with some staff, the report said.

The employees worked in a division of the Denver-based Minerals Management Service, or MMS. MMS, part of the Department of Interior, collects royalties and lease payments from energy companies operating on federal land.

The division in question has about 50 employees and runs a special program that collects royalties on an in-kind basis and then sells the oil and gas on behalf of the government. The section sold about $11-billion (U.S.) worth of oil and gas last year.

Article Continues @ Sourced Site.

Cheney, Stevens Ties Exposed

Courtesy Newsweek:

A two-year-old letter by Vice President Dick Cheney that pushed a controversial Alaska natural-gas pipeline bill is getting renewed scrutiny because of recently disclosed evidence in the Justice Department’s corruption case against Sen. Ted Stevens. In a conversation secretly tape-recorded by the FBI on June 25, 2006, Stevens discussed ways to get a pipeline bill through the Alaska Legislature with Bill Allen, an oil-services executive accused of providing the senator with about $250,000 in undisclosed financial benefits. According to a Justice motion, Stevens told Allen, “I’m gonna try to see if I can get some bigwigs from back here and say, ‘Look … you gotta get this done’.” Two days later, Cheney wrote a letter to the Alaska Legislature urging members to “promptly enact” a bill to build the pipeline. The letter was considered unusual because the White House rarely contacts state lawmakers about pending legislative matters. It also angered state Democrats, who accused Cheney of pushing oil-company interests. The former executive director of Cheney’s energy task force had gone to work as a lobbyist for British Petroleum, one of three firms slated to build the pipeline.

Stevens confirmed to NEWSWEEK last week that he asked Cheney to write the letter. “We wanted the federal government to tell the state to act quickly on it,” he said. (A spokesman for Alaska’s other senator, Lisa Murkowski, said her office also had contacts with Cheney’s office.) A Cheney spokeswoman said his office does not comment on pending legal matters.

Article Continues @ Sourced Site.

The Military-Industrial Complex Embraces Coal-to-Liquids

Courtesy Celcias:

In his Farewell Address to the nation Jan. 17, 1961, President Dwight Eisenhower warned us about the growing influence of what he termed the “military-industrial complex.” The President said,

“In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military- industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes.”

It is time to pay close attention to President Eisenhower’s warning. In the past six months, the U.S. Air Force (USAF) has begun a major effort to define the future of energy supplies for the U.S. and for its military allies. If military brass reach their goal, the transportation fuel of the future will be based on coal.

According to Air Force Assistant Secretary William Anderson, the USAF plan is to:

1. Build a “network ” of coal-to-liquid-fuels plants to supply the
Air Force with 400 million gallons of jet fuel each year by the year
2016 — enough to power half its North American fleet of aircraft.
Plans for creating this network are on a “fast track,” according to
officials developing coal-to-liquids plants in Montana and Alaska .

2. Engage in “a major international initiative ” to persuade the
governments of France, England and other nations to adopt coal-based liquid fuels.

3. Prod Wall Street investors — nervous over coal’s role in climate
change — to sink money into similar plants nationwide.

According to Assistant Secretary Anderson, with the Air Force paving the way, the private sector will follow — from commercial air fleets to long-haul trucking companies. “Because of our size, we can move the market along,” Anderson says . “Whether it’s (coal-based) diesel that goes into Wal-Mart trucks or jet fuel that goes into our fighters, all that will reduce our dependence on foreign oil, which is the endgame.”

Matthew Brown of the Associated Press observes that, “Coal producers have been unsuccessful in prior efforts to cultivate such a market. Climate change worries prompted Congress last year to turn back an attempt to mandate the use of coal-based synthetic fuels.”

In other words, the Air Force is trying to do what the Congress
refused to do and the coal industry itself has failed to do — which
is to use financial and political power to steer the nation’s energy
policy toward coal-based fuels.

Brown goes on to point out that,

“The Air Force’s involvement comes at a critical time for the [coal] industry. Coal’s biggest customers, electric utilities, have scrapped at least four dozen proposed coal-fired power plants over rising costs and the uncertainties of climate change.”

In other words, the coal industry is on the ropes because the electric power industry (and its Wall Street backers) are having second thoughts about investing in coal technologies that produce far more global-warming greenhouse gases than any other fuel.

So the Air Force is fast-tracking a plan to bail out the coal industry by powering military jets with coal-based fuels, explicitly intending to stimulate a coal-based fuels industry to power Wal-Mart’s trucks and, presumably, the rest of the nation’s — and France and England’s, if not the world’s — transport systems.

Ironically, late last year members of the Defense Science Board, which advises the Pentagon on energy policy, rejected an Air Force plan to fund the development of liquid fuels derived from coal.

“Right now, coal-to-liquids looks to me to be pretty darn low on the reasonable list of alternatives,” James Woolsey, former director of the Central Intelligence Agency, told the Wall Street Journal last September. At the time, Mr. Woolsey was participating in a report being prepared by the Defense Science Board.

Another member of the study panel, Joseph Romm, a senior fellow at the Center for American Progress, told the Wall Street Journal the military doesn’t need its own dedicated fuel supply.

“The notion that the Pentagon has to spend all this money to give
itself assured supply is kind of a contrived argument,” Mr. Romm said. “The consensus of just about everybody on the panel was it didn’t make sense.”

The Air Force marches to a different drummer.

Article Continues @ Sourced Site.




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