Archive for the 'Energy' Category
Big Banks Brace for Oil Loans to Implode
January 18th, 2016Via: CNN: Big banks are cringing as crude oil is crumbling. Firms on Wall Street helped bankroll America’s energy boom, financing very expensive drilling projects that ended up flooding the world with oil. Now that the oil glut has caused prices to crash below $30 a barrel, turmoil is rippling through the energy industry and […]
Mistake? Refiner Bids -50 Cents Per Barrel for Low Grade Oil
January 18th, 2016Via: Bloomberg: Oil is so plentiful and cheap in the U.S. that at least one buyer says it would pay almost nothing to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it offered to pay $1.50 a barrel Friday […]
LG to Triple Solar Panel Production by 2020
January 13th, 2016Disclosure: I sell solar power systems in NZ. — Via: LG PR: LG Electronics (LG) today announced plans to significantly expand its solar energy solution business with a multimillion dollar investment to expand its solar panel manufacturing capabilities in South Korea. LG entered into a memorandum of understanding with the Korean city of Gumi to […]
U.S. Exports First Freely Traded Oil in 40 Years
January 13th, 2016Via: Wall Street Journal: The ink is barely dry on legislation to lift a 40-year-old ban on exporting U.S. crude and energy companies already are jockeying to ship American oil overseas. Two tankers filled with freely traded U.S. oil have pulled out of Texas ports in the past two weeks, with more shipments expected. The […]
Oil Trades Below $30 a Barrel for First Time in 12 Years
January 12th, 2016Via: Reuters: Oil fell briefly below the widely watched $30-per-barrel level on Tuesday, extending a selloff that has sliced almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. Prices settled down 3 percent, a seventh straight daily decline for oil. Traders have all but […]
Father of Koch Brothers Helped Build Nazi Oil Refinery
January 11th, 2016Building a refinery for Hitler? *pfft* How Bush’s Grandfather Helped Hitler’s Rise to Power Also see: Wall Street & the Rise of Hitler by Antony C. Sutton IBM and the Holocaust: The Strategic Alliance Between Nazi Germany and America’s Most Powerful Corporation by Edwin Black Via: New York Times: The father of the billionaires Charles […]
Attacks on Just Nine Substations in U.S. Could Cause Blackout Across Entire Grid
January 11th, 2016Via: Information Week: Turns out free and publicly available information can be used to determine the most critical electric substations in the US, which if attacked, could result in a nationwide blackout. Remember that million-dollar Federal Energy Regulatory Commission (FERC) study in 2013 that found that attacks on just nine electric substations in the US […]
Oil Hits 11-Year Low
January 6th, 2016Via: Reuters: Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely. Evidence of slowing economic growth in China and India has fueled fears that even strong demand elsewhere may not be […]
Portland’s New Pipes Harvest Power From Drinking Water
January 4th, 2016Via: Fast Coexist: If you live in Portland, your lights may now be partly powered by your drinking water. An ingenious new system captures energy as water flows through the city’s pipes, creating hydropower without the negative environmental effects of something like a dam. Small turbines in the pipes spin in the flowing water, and […]
Cheap Batteries Will Give Utilities Electric Shock
December 28th, 2015Disclosure: I sell solar power systems in New Zealand. — Via: Reuters: Power suppliers have long enjoyed a natural monopoly. But the arrival of budget batteries coupled with cheaper solar power will allow a growing number of consumers to pull the plug on old-fashioned electricity networks in 2016 and beyond. Solar panel prices have already […]
