Archive for the 'Energy' Category
Oil
January 4th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I was going to buy the United States Oil ETF on Friday, but it was sharply higher. I refuse to chase, though, so I’m going to wait for a pullback (that may or may not come). I’ve never touched oil before, […]
Russia Says It Will Halt Delivery of Natural Gas to Ukraine
January 1st, 2009Via: Washington Post: Russia said Wednesday night that it planned to suspend delivery of natural gas to Ukraine on Thursday morning after negotiations to resolve a politically tinged dispute over prices collapsed without an agreement. A cutoff of fuel shipments to Ukraine could have a ripple effect across Europe, because Russia supplies a quarter of […]
New Zealand Airline Flies Jetliner Partly on Biofuel
December 30th, 2008Via: AP: A passenger jet powered in part by vegetable oil successfully completed a two-hour flight Tuesday to test a biofuel that could lower airplane emissions and cut costs, Air New Zealand said. One engine of a Boeing 747-400 airplane was powered by a 50-50 blend of oil from jatropha plants and standard A1 jet […]
Kuwait Scraps Joint Venture with Dow Chemical
December 29th, 2008Via: AP: Kuwait’s government on Sunday scrapped a $17.4 billion joint venture with U.S. petrochemical giant Dow Chemical after criticism from lawmakers that could have led to a political crisis in this small oil-rich state. The Cabinet, in a statement carried by the state-owned Kuwait News Agency, said the venture, known as K-Dow Petrochemicals, was […]
Toxic Ash Pond Collapses in Tennessee
December 25th, 2008This should do wonders for water quality in the region. Via: Scientific American: The residue of millions of tons of coal burning at Kingston Fossil power plant in the Watts Bar Reservoir in Tennessee burst the bounds of the pond in which it was contained, burying as many as 400 acres of land in up […]
Oil Under $40; More Oil Stored on Ships at Sea Than at Any Time in The Last twenty Years
December 18th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Oil is decoupling from the dollar now, to the downside. Gold is up sharply, the dollar is down sharply, oil is down sharply. I don’t think there was any doubt about it before, but people are definitely moving their paper based […]
AFRICOM China and Congo Resource Wars
December 2nd, 2008Via: Engdahl: If France was the covert target of US ‘surrogate warfare’ in 1994, today it is clearly China, which is the real threat to US control of Central Africa’s vast mineral riches. The Democratic Republic of Congo was renamed from the Republic of Zaire in 1997 when the forces of Laurent Désiré Kabila brought […]
The Famine of 2009
November 30th, 2008Believe it or not, the food situation is worse than I thought. This is a long piece, but I highly recommend clicking through and reading all of this. Via: DailyKos: The fall nitrogen fertilizer application has been 10% of the norm. A typical year would see 50% put on in the fall and 50% in […]
Chesapeake Energy, Largest US Natural Gas Producer, Runs Out Of Cash
November 30th, 2008Peak… Credit??? Via: Mish: Chesapeake Energy Corp., the nation’s largest producer of natural gas, seeks to raise up to $1.8 billion through common stock sales in an effort to fund its drilling and exploration activities and mitigate the impact of lower natural gas prices on cash flow. In two filings with the Securities and Exchange […]
Revolutionary Device Can Harness Energy From Slow-Moving Rivers and Ocean Currents; Provide Enough Power for the Entire World
November 30th, 2008“If we could harness 0.1 per cent of the energy in the ocean, we could support the energy needs of 15 billion people. In the English Channel, for example, there is a very strong current, so you produce a lot of power.” There’s plenty of energy out there that’s just waiting to be harassed. As […]
