Archive for the 'Energy' Category
Supertankers Storing Oil Plan to Deliver Cargoes, ICAP Says
June 16th, 2009Via: Hellenic Shipping News: A fifth of supertankers being used to store oil are scheduled to deliver their cargoes, according to ICAP Shipping, a unit of ICAP Plc, the world’s biggest broker of deals between banks. A so-called notice of redelivery was issued for seven of 33 supertankers storing crude, Simon Chattrabhuti, a London-based analyst […]
Royal Dutch Shell to Pay Pocket Lint in Settlement Over Deaths of Activists
June 9th, 2009Via: Wall Street Journal: Royal Dutch Shell PLC agreed Monday to pay $15.5 million to settle a lawsuit over the 1995 deaths of Nigerian author and activist Ken Saro-Wiwa and others. The Anglo-Dutch oil giant faced a lawsuit in federal court in Manhattan under the Alien Tort Claims Act, on allegations that it was complicit […]
Electric Eel Power
June 8th, 2009If any filmmakers are reading: Please show us a villain who runs his undersea lair on eel power.
Deadly Clashes in Peru’s Amazon
June 6th, 2009Via: BBC: At least 31 people have died in clashes in Peru between the security forces and indigenous people in the Amazon region. Those killed included at least 22 tribesmen and nine policemen. The violence took place as security forces tried to end a road blockade. There have been fuel and transport blockades in Peru’s […]
Japanese Factories Growing Vegetables in Cleanroom-Like Conditions
June 4th, 2009In a severely space constrained country like Japan, the appeal of the vertical growing arrangement is understandable. The yield per square meter of footprint is certainly many times that of traditional soil farming. Valcent Products, a company that’s developing vertical crop systems, claims a 20X increase in yield over field production. I don’t read Japanese, […]
Obama Pledges $467 Million for U.S. Geothermal and Solar Research
May 29th, 2009Flashback: Geothermal Power Could Meet World’s Annual Energy Needs 250,000 Times Over Via: Recharge News: US President Barack Obama pledged $467m from his massive stimulus package for the development of geothermal and solar energy on Wednesday, stating the US has to make the choice to become a renewable power. “We have a choice. We can […]
Crude Rallies on Large Oil Inventory Decline
May 28th, 2009Via: Reuters: U.S. crude oil futures rallied toward $65 a barrel on Thursday after government data showed that domestic crude inventories dropped much more than expected last week as refineries ramped up operations and imports fell. Data for gasoline, which showed a smaller-than-expected stock drawdown, and a lower-than-forecast supply increase for distillate stocks were deemed […]
Saudi Arabian Oil Minister Naimi Says Oil to Reach $75 a Barrel
May 24th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Disclosure: I’m long oil. Remember this chart from May 2? West Texas Intermediate Crude Oil, weekly interval The relationship between oil prices and the U.S. Dollar Index: U.S. Dollar Index vs. West Texas Intermediate Crude Oil, daily interval Via: Bloomberg: Saudi […]
Green Berets: Military Brass Urge American Energy Revolution
May 20th, 2009Mmm hmm. Clean, green death rays. Via: Wall Street Journal: Retired military officers are urging the U.S. to get serious about changing the country’s approach to energy use. In a new report from Alexandria, Va.-based Center for Naval Analyses, a bevy of high-ranking former Army and Navy officials stress that the country’s reliance on oil […]
Daimler Partners with Tesla to Build Small Electric Car
May 20th, 2009It’s time to play Catch Mitsubishi If We Can. Via: CNET: German automotive giant Daimler has invested in electric-car company Tesla Motors and plans to use Tesla’s battery packs in its Smart electric car due later this year. At a Tuesday press conference held at the Daimler museum in Stuttgart, Germany, Tesla CEO Elon Musk […]
