- 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.
The nuclear power plant Grafenrheinfeld in Lower Franconia
- Phase out nuclear: nuclear Grafenrheinfeld leaving early from the network (Die Zeit, March 28, 2014):
The energy company E.on takes the under Frankish nuclear power plant Grafenrheinfeld the end of May 2015 from the network – seven months earlier than planned by the federal government. This was announced by the energy company. A corresponding set-aside would display the company forward even on Friday the Federal Network Agency and the network operator Tennet. Apparently, the operation was hardly profitable.
- Ukraine Shocks Population With Staggered 100% Heating Price Increase While Restricting Cash Use (ZeroHedge, March 28, 2014):
In a TV address to his divided nation, Ukraine’s PM Yatsenyuk stunned the people by first suggesting heating prices would rise gradually, then confirming a plan that will see prices rise 100% in the next 2 years (and almost 200% by 2017) as the cost of imported Russian gas is expected to be around $500 (up from the current $84). This standard of living crushing move was then followed by tougher capital controls, restricting cash purchases to around $1300 per person per day after the Central bank basically admitted “amid a tense situation in money markets” it was broke. And all of this comes on the heels of what can only be described as a vague pro-forma comment by US and EU governments over the riots by the “Right Sector” ultranationalists that clearly did not want to upset the state-sponsored thugs too much.
Yatsenyuk addressed the nation in a TV appearance: Continue reading »
Scholars have told us that the first civilisation on Earth emerged in a land called Sumer some 6000 years ago. The persistent research by South Africans Michael Tellinger, Johan Heine and a team of leading scientists, over an extend seven-year period, has resulted in astonishing new archaeological and scientific discoveries. It shows that the Sumerians and even the Egyptians inherited all their knowledge from an earlier advanced civilisation that lived at the southern tip of Africa more than 200,000 years ago… mining gold.
- Power line accidents reduce energy supply from Ukraine to Crimea (RT, March 23, 2014):
Electricity supply to Crimea has been reduced by half and the region is experiencing rotating blackouts following two accidents on power lines coming from Ukraine, Crimea’s energy company says.
Earlier, Crimean Vice-PM Rustam Temirgaliev said that Ukrainian national energy company Ukrenergo reduced the electricity supply to Crimea by 50 percent. “Ukrenegro reduced the power in its power lines cutting the amount of supplied energy by half,” the top official told Kryminfo news agency.
- The Honeymoon Is Over: Ukraine To Stun Citizens With 40% Gas Price Hike (ZeroHedge, March 20, 2014):
Back in 2011, when as part of the Arab Spring one after another regime were toppled in North Africa following violent coups, not without substantial support by the US foreign service and the CIA, the local population was delighted – after all there is nothing quite like the specter of Hope and Change to lift one’s mood, and murder the reigning dictator. Unfortunately, what is usually not discussed, is that within a very brief period of time, usually within a year or two, the post-coup nations promptly reverted to violence and kicked out the ascendent coupy rulers themselves. Hardly new, this is process has been observed in history throughout time, most notably with the French revolution, where the concept of the Thermidorian Reaction was first penned. Most recently, this was best captured by events in Egypt in the past year, when the Hillary Clinton-blessed regime of Morsi was toppled last summer with even more violent witchhunts organized against its Muslim Brotherhood supporters. No wonder one hardly hears a peep about this particular US success story.
- Government Agency: If 9 Substations Are Destroyed, The Power Grid Could Be Down For 18 Months (Economic Collapse, March 19, 2014):
What would you do if the Internet or the power grid went down for over a year? Our key infrastructure, including the Internet and the power grid, is far more vulnerable than most people would dare to imagine. These days, most people simply take for granted that the lights will always be on and that the Internet will always function properly. But what if all that changed someday in the blink of an eye? According to the Federal Energy Regulatory Commission’s latest report, all it would take to plunge the entire nation into darkness for more than a year would be to knock out a transformer manufacturer and just 9 of our 55,000 electrical substations on a really hot summer day. The reality of the matter is that our power grid is in desperate need of updating, and there is very little or no physical security at most of these substations. If terrorists, or saboteurs, or special operations forces wanted to take down our power grid, it would not be very difficult. And as you will read about later in this article, the Internet is extremely vulnerable as well.
When I read the following statement from the Federal Energy Regulatory Commission’s latest report, I was absolutely floored…
“Destroy nine interconnection substations and a transformer manufacturer and the entire United States grid would be down for at least 18 months, probably longer.”
What would you do without power for 18 months? Continue reading »
- Revealed: The figures that show just how badly rising energy bills have ravaged household budgets over the last decade (This Is Money, March 3, 2014):
Households won’t need reminding about the strain of rising energy bills over the past decade but new figures released today reveal the true extent of the rising costs that Britons faced between 2002 and 2012.
Measured in today’s prices, households spent £69 on energy every month in 2002. A decade later this had risen to £106 – an eye-watering 55 per cent rise. Rising bills combined with muted wage growth mean households spent the equivalent of 5.1 per cent of their income on household energy in 2012, up from 3.3 per cent in 2002 – a rise of 54 per cent.
- Obama Regulations To Shut Down 40 Percent Of Nation’s Electricity (Wealthy Debates, Jan 20, 2014):
Obama administration regulations could force power plants that make 40 percent of the nation’s electricity to shut down.
At issue are EPA restrictions on emissions that would close hundreds of coal-burning power plants which represent around 40 percent of the nation’s electricity.
If that wasn’t bad enough, some observers think the regulations could double electricity rates for average households. The rates would increase because utilities would have to pass the cost onto ratepayers of replacing coal burning power plants or modernizing them to comply with the regulations.
- ‘Game Changer’: Former Prime Ministers team up to win Tokyo election and end nuclear power — “Our nation’s survival is at stake” — “Could have biggest influence ever on national politics” (ENENews, Jan 14, 2014):
Kyodo, Jan. 14, 2014: Former Prime Minister Morihiro Hosokawa said Tuesday he will run in the upcoming Tokyo gubernatorial election with an antinuclear agenda after securing the backing of popular former Prime Minister Junichiro Koizumi [...] The move [...] could have game-changing impact on the race for the helm of the Japanese capital [...] “I have made my decision to run in the Tokyo governor election,” Hosokawa told reporters after meeting Koizumi. “I have a sense of crisis myself that the country’s various problems, especially nuclear power plants, are matters of survival for the country.” [...] Koizumi indicated the main focus of the election will be whether to pursue nuclear power or not, calling the election “a war between the group that says Japan can grow with zero nuclear power plants” and the group that says it cannot. [...]
- Algae to crude oil: Million-year natural process takes minutes in the lab (PNNL, Dec 17, 2013)
YouTube Added: Nov 25, 2013
I have always wanted to test a radiant energy motor. This little motor is the beginning of my research in that direction. In the near future I will be making larger more powerful motors. The precision required will probably require my 3D printer. Stay tuned for future updates.
Links to books and website: http://laserhacker.com/?p=332
Video correction: The 2000+ watt device was built by Jules Guillot.
The Chinese owning and operating nuclear power plants in Britain?
You can’t make this stuff up!
- Britain’s lights could go out next winter! EU green directives have left grid ‘close to limit’ (Daily Mail, Oct 25, 2013):
- Royal Academy of Engineering warns of risk as old plants begin to close
- Electrical system could be under the most pressure next winter
- National Grid last week warned of Britain’s risk of blackouts this winter
- Latest report suggests system should cover demand but will be stretched
- Power supply could be put at risk by low wind or even cold weather
Britain could be hit by power cuts next winter because the electricity supply is already ‘close to its limits’, experts warn.
Capacity is so stretched that a cold spell, combined with routine problems at one or more plants, could overwhelm the system and see blackouts in 2014-15, their damning report claims.
A major pressure on the National Grid is the forced closure of coal-fired power stations to meet European green directives, the Royal Academy of Engineering says.
- World record solar cell with 44.7% efficiency (PhysOrg, Sep 24, 2013):
German Fraunhofer Institute for Solar Energy Systems, Soitec, CEA-Leti and the Helmholtz Center Berlin announced today that they have achieved a new world record for the conversion of sunlight into electricity using a new solar cell structure with four solar subcells. Surpassing competition after only over three years of research, and entering the roadmap at world class level, a new record efficiency of 44.7% was measured at a concentration of 297 suns. This indicates that 44.7% of the solar spectrum’s energy, from ultraviolet through to the infrared, is converted into electrical energy. This is a major step towards reducing further the costs of solar electricity and continues to pave the way to the 50% efficiency roadmap.
Back in May 2013, the German-French team of Fraunhofer ISE, Soitec, CEA-Leti and the Helmholtz Center Berlin had already announced a solar cell with 43.6% efficiency. Building on this result, further intensive research work and optimization steps led to the present efficiency of 44.7%.
- Inflation Is Too Low? Are You Kidding Us Bernanke? (Economic Collapse, July 11, 2013):
Federal Reserve Chairman Ben Bernanke said this week that inflation in the United States needs to be higher. Yes, he actually came right out and said that. It almost seems as if Bernanke is trying to purposely hurt the middle class. On Wednesday, Bernanke told the press that “both sides of our mandate are saying we need to be more accommodative“. Of course he was referring to the Fed’s dual mandate to keep unemployment and inflation low, but Bernanke has a very unique interpretation of that mandate. According to Bernanke, inflation in the U.S. is now “too low“. The official inflation rate is currently sitting at about 1 percent, and Bernanke insists that such a low rate of inflation is not good for the economy. He would prefer that the rate of inflation be up around 2 percent, and he is hoping that more “monetary accommodation” will help push inflation up and the unemployment rate down.
But what Bernanke will never admit is that the official inflation rate is a total sham. The way that inflation is calculated has changed more than 20 times since 1978, and each time it has been changed the goal has been to make it appear to be lower than it actually is. Continue reading »
- Solar powered plane completes history-making cross-country flight, lands at JFK airport (Washington Post/Ap, July 7, 2013):
NEW YORK — A solar-powered aircraft completed the final leg of a history-making cross-country flight Saturday night, gliding to a smooth stop at New York’s John F. Kennedy International Airport.The Solar Impulse touched down at JFK at 11:09 p.m., completing the final leg of the cross-continental journey that started in California in early May. For Saturday’s final leg, the aircraft left Dulles International Airport a little before 5 a.m.
The flight plan for the revolutionary plane, powered by some 11,000 solar cells on its oversized wings, had called for it to pass the Statue of Liberty before landing early Sunday at New York. But an unexpected tear discovered on the left wing of the aircraft Saturday afternoon forced officials to scuttle the fly-by and proceed directly to JFK for a landing three hours earlier than scheduled.
Pilot Andre Borschberg trumpeted the milestone of a plane capable of flying during the day and night, powered by solar energy, crossing the U.S. without the use of fuel.
- Germany Fires Live Ammo In Sino-European Trade War … At Brussels (Testosterone Pit, May 20, 2013):
The solar-panel industry, once fattened by taxpayer subsidies and false hopes, has been in a death spiral around the world. In the US, a slew of photovoltaic standouts like Solyndra went under, taking billions of subsidies and investor capital with them. In Germany, it has been just as brutal. Even large companies are licking their wounds.
Bosch Solar Energy AG will shut down production early next year, after having burned through €2.4 billion; 3,000 jobs are at risk. Siemens is trying to shed its solar units, if it can find a buyer. Victims of Chinese companies that flooded world markets with cheap solar panels. But even Chinese companies are going bankrupt, including one of the big four, Wuxi Suntech, subsidiary of US-listed Suntech Power.
- Economic insanity: Obama spends $11 million to create each ‘green’ job (Natural News, May 18, 2013):
There has been nothing you could call “successful” about President Obama’s so-called “green energy” initiatives, but the worst thing of all is the billions in taxpayer dollars he has utterly wasted on failed companies who were trying to push unproven, and ultimately failed, initiatives.
Indeed, according to new data, the Obama Administration has spent an incredible $11 million for each “green” job that has been created, Breitbart News reports.
Recall for a moment that candidate Barack Obama, in 2008, promised he would create a whopping 5 million new green energy sector jobs if elected.
- Radioactive leak found at Palisades Nuclear Power Plant (RT, May 17, 2013):
Investigators have discovered a half-inch long crack around a nozzle on one of the tanks of the Palisades Nuclear Power Plant, and have attributed the crack to the water leakage that spilled radioactive water into Lake Michigan on May 5.
The plant, which is located on the shore of the great lake and operated by Entergy, was shut down after the water tank exceeded its site threshold and leaked. Authorities say the crack led to about 79 gallons of “slightly radioactive water” spilling from the Palisades plant into the lake, WOOD-TV reports.
The leak came from a 300,000-gallon injection and refueling tank, which floods and cools the nuclear reactor with borated water during refueling outages. It also removes heat from the reactor when there is a loss of coolant by sourcing the safety injection system.
- These Charts Better Not Reflect The True State Of The US Economy (ZeroHedge, April 6, 2013):
Lately, when it comes to obtaining an accurate sense of the true state of the US economy, it is as difficult if not more than analyzing the openly-manipulated Chinese data. On one hand, the Fed-juiced market, which has lost its discounting powers, no longer reflects the current or future economic (or corporate) fundamentals, on the other, massive seasonal aberrations, whether purposeful or accidental, have made a mockery of any data series, be it jobs, manufacturing, retail sales, or housing. On the other, the administration – still stuck in the worst economic “recovery” since the Great Depression – is desperate to telegraph an improving economy, most evident in the months leading up to the presidential election, which makes taking any data at face value problematic and naive at best. Yet even the openly-contradicting Chinese data manipulation has its Achilles heel in the form of monthly electricity consumption (and to a lesser extent, production) updates.
So what is the US equivalent of Chinese electricity consumption data? We believe it may be the little-tracked, and thus not nearly as “adjusted” weekly updates from the Energy Information Administration, whose data on barrels of US product supplied of both total petroleum products and just gasoline are as indicative of the true state of the energy-hungry beating heart of the US economy as any other data set, and is likely a far more accurate representation of what is really going on between the lines. Continue reading »
- CO2 myth busted: Why we need more carbon dioxide to grow food and forests (Natural News, March 1, 2013):
If you talk to the global warming crowd, carbon dioxide — CO2 — is the enemy of mankind. Any and all creation of CO2 is bad for the planet, we’re told, and its production must be strictly limited in order to save the world.
But what if that wasn’t true? What if CO2 were actually a planet-saving nutrient that could multiply food production rates and feed the world more nutritious, healthy plants?
CO2 is a vital nutrient for food crops
As it turns out, CO2 is desperately needed by food crops, and right now there is a severe shortage of CO2 on the planet compared to what would be optimum for plants. Greenhouse operators are actually buying carbon dioxide and injecting it into their greenhouses in order to maximize plant growth.
The science on this is irrefutable. As just one example, the Ontario Ministry of Agriculture and Food says:
- Germany, Spain Set To Pull The Plug On Green Energy (ZeroHedge, Feb 14, 2013):
Over ten years ago, when Europe was a bright and shining example of experimental monetarist “brilliance”, and when the money was flowing, the continent decided to do the ethical thing and actively promote the pursuit and development of renewable energy through countless government subsidies. As a result, Germany and Spain became the undisputed leaders in the race for a green future, and both created similar laws to encourage the development of renewable energy. There were two problems: i) green energy, while noble in theory, is about the worst idea possible when it comes to profitability and capital self-sustainability and constantly needs governmental subsidies, and ii) it was the end consumers who would pay for the government’s generosity, in the form of a surcharge on electric bills. In Germany, for example, as the industry grew (in size, and thus in losses) demand for the subsidy increased, driving the surcharge higher. In January, the surcharge, which amounts to about 14% of electricity prices, nearly doubled to 5.28 euro cents per kilowatt hour.
And, as the WSJ so deftly explains, “that means ordinary consumers shoulder the lion’s share of the costs for what the German government calls its “energy revolution.” And here is where a third problem comes into play, because while German and Spanish consumers were happy to pay a surcharge in the golden days of a Dr. Jekyll Europe when everything was great, soon Europe become a doomed Mr. Hyde-ian Frankenstein monster, with imploding economies, 60%+ youth unemployment and resurgent neo-nazi powers. In short: the German and Spanish consumers have had it with funding an infinite money drain (even bigger than Greece), when cash flow is scarce and getting worse, and have just said “Basta” and “Nein“, respectively. Continue reading »