Archive for the 'Energy' Category
Nymex Oil Breaking Down Nicely
June 4th, 2008The U.S. Dollar Index is getting down into a support zone, along with a low band daily stochastic. A crank rally on the dollar would likely blow the columns out from underneath the oil; short term, anyway. Why? Look at the weekly oil chart. The stochastic is wound up like a three day clock, and […]
Oil: Margin Requirements Tripled on Nymex and Ice Futures Exchanges
June 2nd, 2008I’m in no position to assess the impact that this will have. The initial margin requirements were a joke, so is tripling them a meaningful improvement? I don’t know. I better stick to my squiggly lines and chicken entrails, which have come in handy. Remember what I told you about that weekly stochastic on oil? […]
Google Spotlights Data Center Inner Workings
May 31st, 2008This is far out. The Google monster eats computer hardware day and night. Never mind the power consumption, which would be unthinkable. When will Peak Google occur? HA Via: cNet: On the one hand, Google uses more-or-less ordinary servers. Processors, hard drives, memory–you know the drill. On the other hand, Dean seemingly thinks clusters of […]
U.S., British Oil Probes Focusing on Price Manipulation
May 30th, 2008Assume maximum criminal behavior… —Insider Crimes, Funny Money and Options Rackets The parts I found especially interesting are in bold. I think my favorite phrase is, “generally not illegal.” You might like the part about the Enron style antics. Or maybe the questionable reporting of reserves. But there’s plenty of fun for the whole family […]
Pickens Orders $2 Billion Worth of Wind Turbines from GE
May 29th, 2008Via: The Street: Mesa Power, a company run by well-known energy investor T. Boone Pickens, has ordered nearly 700 wind turbines from GE as part of its plans for a giant wind farm in Texas. The company placed a $2 billion order for 667 turbines for the Pampa Wind Project, which will ultimately provide more […]
Wave Power Moving Forward in Australia
May 29th, 2008Via: The Age: IT HAS been called Australia’s first underwater wave farm. The power of the ocean, Bass Strait, to be precise, will be harnessed to provide electricity for 500 homes on King and Flinders islands, with Tasmania and Victoria to follow if all goes well. The two prototype units will be installed on the […]
Electric Dragster: 1978 Ford Pinto Sedan “Crazyhorse – el Pinto Loco”
May 29th, 2008In, France: First All Electric Light Aircraft Flight, I wrote: You won’t see a plug-in Boeing 747 anytime soon. But this reminds me of the freaks who wanted electric cars so badly (over the last couple of decades) that they couldn’t help themselves. So, at great expense, they converted conventional cars to run on electric […]
Every Adult in Britain Should be Forced to Carry ‘Carbon Ration Cards’
May 27th, 2008I have an idea about this carbon sinning nonsense. It goes back to Escape from Freedom by Erich Fromm. In short: Because modern society destroys human identity, mindless conformity to all order of fascist, technocratic prison policies gives the masses a sense of belonging to something. Religions worked for a while. The vengeful sky god […]
Steepest Decrease in Driving Ever Recorded in U.S.
May 27th, 2008Via: CNN: At a time when gas prices are at an all-time high, Americans have curtailed their driving at a historic rate. The Department of Transportation said figures from March show the steepest decrease in driving ever recorded. Compared with March a year earlier, Americans drove an estimated 4.3 percent less — that’s 11 billion […]
Google, Chevron, Goldman Sachs Build Mirrors in Desert to Beat Coal With Solar
May 27th, 2008For years, I wanted to believe that Peak Oil could bring this horror show down. My problem, of course, was that I couldn’t ignore simple, observable realities and the fact that evil people have many plans up their sleeves… Unfortunately, this horror show grinds on, whether we want it to, or not. —Shell’s $30 per […]
