– Goldman Hires Former Head Of NATO To Deal With DONG Scandal (ZeroHedge, Aug 9, 2015):
Back in January 2014, we reported that Goldman’s merchant banking unit rushed to buy an 18% in Denmark’s DONG Energy (that would be Danish Oil & Natural Gas) company for $1.5 billion. The result was an immediate grassroots resistance campaign, as hundreds of thousands of Danes refused to hand over their DONG to the vampire squid for various reasons, not the least of which was granting Goldman veto rights over changes to DONG’s leadership and strategy, a right usually reserved for buyers of 33% of an entity. A bigger reason for the Danish anger at the Goldman DONG deal, was that as The Local reported a few months later, the sale “did not include a massive deal that both parties knew was imminent, shortchanging the company’s value by as much as 20 billion kroner.”
– The Future of Wind Turbines? No Blades (Wired, May 15, 2015):
It’s no longer surprising to encounter 100-foot pinwheels spinning in the breeze as you drive down the highway. But don’t get too comfortable with that view. A Spanish company called Vortex Bladeless is proposing a radical new way to generate wind energy that will once again upend what you see outside your car window.
Their idea is the Vortex, a bladeless wind turbine that looks like a giant rolled joint shooting into the sky. The Vortex has the same goals as conventional wind turbines: To turn breezes into kinetic energy that can be used as electricity. But it goes about it in an entirely different way. Continue reading »
H/t reader squodgy:
“Is this the holy grail?”
– Fusion power: Scientists building mini-star to provide electricity of the future (Independent, May 15, 2015):
– Costa Rica powered with 100% renewable energy for 75 straight days (Science Alert, March 20, 2015):
And it’s mostly thanks to heavy rains and geothermal energy.
Well done Costa Rica, well done.
The Cental American country has achieved a major clean energy milestone, meeting 100 percent of its power demand with renewable energy for 75 straight days.
“The year 2015 has been one of electricity totally friendly to the environment for Costa Rica,” the state-owned power supplier Costa Rican Electricity Institute (ICE) said in a press release.
The ICE says the country’s zero-emission milestone was enabled thanks to heavy rainfalls at four hydroelectric power facilities in the first quarter of 2015. These downpours have meant that, for the months of January, February and so far March, there has been no need to burn fossil fuels to generate electricity. Continue reading »
– Is Ukraine Hiding A Huge Radiation Leak At The Largest Nuclear Power Plant In Europe? (ZeroHedge, Dec 30, 2014):
Two days ago we reported of the odd coincidence of a 2nd emergency shutdown at Ukraine’s Zaporozhye Nuclear reactor – Europe’s largest nuclear power plant – following our earlier fears of disinformation. Today, we get information of a leaked report sourced from three different place – unconfirmed for now (but RT is trying to verify) – that Ukrainian nuclear scioentists misled the public and a radioactive leak has been detected – citing the country’s emergency services claiming that levels of radiation are 16.3 times the legally permitted norm.
A radioactive leak has been detected at Ukraine’s Zaporizhia Nuclear Power Plant, the largest in Europe, a media report says, citing the country’s emergency services. The report claims that levels of radiation are 16 times the legally permitted norm.
LifeNews published a leaked report by the State Emergency Service of Ukraine, which denies an earlier assessment by the plant’s authorities that the radiation at the facility is equal to the natural background following an incident on Sunday.
RT is trying to verify the report. Continue reading »
– Russian warning: No gas for Ukraine if it fails to pay $1.65bn debt in a week (RT, Dec 23, 2014):
Energy Minister Aleksandr Novak has threatened Russia may turn off the taps if Kiev doesn’t repay the remaining $1.65 billion of its gas debt by the end of December.
The warning comes less than a month after Russia resumed supplying Ukraine with gas.
— Sputnik (@SputnikInt) 23. Dezember 2014
Kiev had to pay $378 million in advance for December deliveries.
The prepayment regime introduced for Ukraine was just one part of the so–called ‘winter plan’ between Russia and Ukraine. The other critical term is that Kiev needs to repay the remainder of its multibillion dollar gas debt by the year end. Continue reading »
– Germany to be gas powered for next 70 years (RT, Dec 12, 2014):
Germany’s plan to phase out nuclear energy and switch to renewables by 2022 is unrealistic as the country is doomed to remain dependent on fossil fuels like oil and gas for the next 70 years, energy expert Matthias Dornfeldt told RT.
Renewables can’t replace fossil fuels overnight because there’s not enough infrastructure, said Dornfeldt in an interview with RT. He believes the 21st century will be the century of gas, as the 20th century was the century of oil.
“We are going to be dependent on oil as well as on gas, as I see, for the next 50, 60, 70 years”, he said, adding there is “a huge impact of fossil fuels on the national economy in Germany.” Continue reading »
– Europe Needs A New Source of Oil and Gas, Fast (Oil Price, Sep 4, 2014):
Summer is over and many Europeans may have to keep warm this coming winter by thinking about their summer holidays while wrapped in blankets, praying for a short winter or for the world to come to its senses. It both cases, they may well be disappointed.
The never-ending conflicts in the Middle East, mayhem in Libya, uncertainty in the Gulf and a war in Ukraine are all going to take a toll on the energy supplies this winter.
Russia sold 86 billion cubic meters of gas last year, all of which passed through Ukraine. Given what’s happening there now, it is highly unlikely that the Russians would allow their gas to transit a country they are (unofficially) at war with. Just as it is unlikely that Ukrainians would allow Russian gas access through its territory. Continue reading »
– Blackout alert – UK offices and factories to undergo electricity rationing this winter (Ice Age Now, Sep 3, 2014):
Power crunch worsens – Emergency measures introduced to prevent the lights going out this winter.
Offices and factories will be offered compensation to undergo 1970s-style energy rationing and shut down for up to four hours a day to prevent households being plunged into darkness.
Under the powers, businesses that sign up will be ‘bribed’ to shut down between 4pm and 8pm on any day between November and February. Continue reading »
– Soviet-era Tesla Tower restarted with spectacular lightning bolts (VIDEO) (RT, Aug 20, 2014):
A massive Soviet-built generator – once used for testing the resistance of aircraft to lightning, but now largely mothballed due to prohibitive costs – has staged a striking demonstration test at the behest of RT.
The 6-Megavolt device, one of the most powerful in the world, is capable of generating 200 meter-long lightning bolts, and was constructed in the 1970s at a closed facility outside Moscow, but fell into disuse after the collapse of the USSR.
The futuristic complex of entangled metal coils hidden in a secured virgin forest made it a cult object for urban explorers. Teams of camera-equipped youths navigated their way and documented the rusting coils and huge locks on their blogs. Continue reading »
– What Is Power Consumption Telling Us About The US Economy? (Erico Tavares Of Sinclair & Co., July 13, 2014):
We track US power consumption on a weekly basis as reported by Barron’s, as we believe this information provides insightful – albeit sometimes “noisy” and seasonally unadjusted – clues about the performance of the economy over time.
The expectation is that a more robust economic environment requires more power, although factors like colder winters and warmer summers relative to the norm can greatly skew the analysis. With that in mind, let’s have a look at the weekly historical performance of this indicator going back to 1995 (in MM kWhs): Continue reading »
Again, it’s Ukraine vs East Ukraine, but Russia is now told to solve the problem the U.S. and the EU have created in the first place???
Reader Marilyn commented:
“The EU receives E120 billion a year from Russia. Any threats are hot air, nothing more. They better shut up before they start sounding like the mendacious cries of the US.”
Reader squodgy commented:
“This is blatant intimidation.
Vlad has used International Law to prove his stance in the past.
Western MSM presstitutes ignore the other’s argument.
His only option is to fight fire with fire & cut off the gas completely.”
And as predicted here comes Putin’s retaliation.
And this, unlike the EU’s empty intimidation talk, IS a real threat.
The EU seems to feel an urgency to go back to the Neolithic Age. (And I am not joking!!!)
And that is what the EU will get if it is not stopping to act like the US puppet that it is.
If the gas transit will be stopped completely, then prepare for energy prices (and food prices) to skyrocket.
– Russia Reveals “Plan B”: Gazprom Says Gas Transit Via Ukraine May Be Stopped Completely (ZeroHedge, June 30, 2014):
A few days ago, when we wrote our “explainer” on the need for Russia to have an alternative pathway for its gas, one which bypasses Ukraine entirely and as the current “South Stream” framework is set up, crosses the Black Sea and enters Bulgaria before passing Serbia and Hungary on the way to the Central European energy hub located in Baumgarten, Austria, we said that “one short month after Putin concluded the Holy Grail deal with Beijing, he not only managed to formalize his conquest of Europe’s energy needs with yet another pipeline, one which completely bypasses Ukraine (for numerous reasons but mostly one: call it a Plan B), but scored a massive political victory by creating a fissure in the heart of the Eurozone, after Austria openly defied its European peers and sided with Putin.”
– Japan Atomic Power Company receives 124 billion yen without producing any electricity (Japan Press Weekly, May 31, 2014):
Without generating electricity, the Japan Atomic Power Company (JAPC) received a total of 124.2 billion yen from five major utilities as basic fees for power supply contracts. The money came from charges for electricity paid by the general public.
The JAPC operates the Tokai Daini Nuclear Power Plant (Tokai Village, Ibaraki Prefecture) and the Tsuruga Nuclear Power Plant (Tsuruga City, Fukui Prefecture). It holds contracts to provide power generated by the three reactors in the two NPPs with the Tokyo, Kansai, Chubu, Hokuriku, and Tohoku power companies. Continue reading »
– U.S. officials cut estimate of recoverable Monterey Shale oil by 96% (Los Angeles Times, May 22, 2014):
Federal energy authorities have slashed by 96% the estimated amount of recoverable oil buried in California’s vast Monterey Shale deposits, deflating its potential as a national “black gold mine” of petroleum.
Just 600 million barrels of oil can be extracted with existing technology, far below the 13.7 billion barrels once thought recoverable from the jumbled layers of subterranean rock spread across much of Central California, the U.S. Energy Information Administration said.
The new estimate, expected to be released publicly next month, is a blow to the nation’s oil future and to projections that an oil boom would bring as many as 2.8 million new jobs to California and boost tax revenue by $24.6 billion annually.
– Russia warns of Europe gas delivery cut over Ukraine debt (PressTV, April 27, 2014):
Russia says Ukraine’s failure to pay its growing gas debt may impact gas delivery to European countries.
Russia’s Energy Minister Alexander Novak said on Saturday that Moscow may be forced to cut off natural gas supplies to Europe over Ukraine’s mounting unpaid gas debt.
According to Novak, Ukraine currently owes Russia over USD 2.230 billion in unpaid gas bills and the debt is to rise, as the figure does not include 1.3 billion for deliveries made in April.
– To the 34% of American Adults Who Are “Worried a Great Deal” about “Global Warming” (Washington’s Blog, April 14, 2014):
Preface: A recent Gallup poll showed that 34% of American adults worried “a great deal” about “global warming”. This essay is written for that 34%.
Many well-intentioned people are desperately trying to stop climate change …
H/t Reader M.G.:
“When you see articles like this, it proves it is too late. Man is a total fool, and we don’t deserve to survive. I almost fell over when I read this article from Bloomberg. Are these idiots serious?”
– World Needs To Get Ready For The Next Nuclear Plant Accident (Bloomberg News, April 4, 2014)
– Renewables, Nuclear Must Triple to Save Climate, UN Says (Bloomberg, April 13, 2014):
The world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming, United Nations scientists said.
Investments needed to keep climate change within safe limits would shave a fraction of a percent off annual global growth, the UN said today in the third part of its most comprehensive study on warming. A delay in stemming rising greenhouse gases will cut chances to limit the global temperature increase, add to costs and lead to increasingly reliance on unproven technologies, they said.