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July 4, 2011, -- Editor
Will Ghana bail out the US?
Having worked with and invested in energy for years, I am always fascinated by countries coming out of nowhere suddenly start turning around. When coupled with government support or non-interference the turn around can be amazing.
So it is now. While countries that have been anti-energy for years, unfortunately including the US, fall behind, large pro energy economies like China and India flourish. Small countries that discover oil gas or turn to nuclear leave everyone else in the dust.
Could the US be turned around? Absolutely! Will it be turned around? Unlikely.
It would take a President like Obama, running the country like a monarchy but unlike Obama a President who is pro energy, pro growth and not interested in befriending our enemies. The results would be seen in a matter of months. Growth and investment are contagious and breed confidence.
Do we have such a candidate for the next election? No!

July 1, 2011, --
Let's take a look at the stats for 2011:
Economic Growth Indicator Listing in Year 2011
GDP Growth (Constant Prices, National Currency)
Ghana 20.146 %
Qatar 14.337 %
Turkmenistan 12.178 %
China 9.908 %
Liberia 9.003 %
India 8.43 %
Angola 8.251 %
Iraq 7.873 %
Ethiopia 7.663 %
Mozambique 7.548 %
Timor Leste (East Timor) 7.4 %
Laos 7.395 %
Growth rates are much higher this year. The chart tops out at over 20%. Last year we saw a projected high of 16.4% from growth leader Qatar.
Once again, developed countries do not feature in the Top 12. Almost half of the top 12 come from Africa. Ghana has swept from 4.5% last year, to an astonishing 20.146% for 2011.
One third of the Top 12 are from the Far East; two from the Middle East and one from Central Asia.
In 2010 there was only one G20 nation in the Top 12. This time India also makes the grade. This is the beginning of a larger trend. More

June 28, 2011, -- More From Businessweek
US tells automakers it's eyeing 56.2 mpg (23.9 kpl) standard by 2025
The Canadian PressBy Dina Cappiello, The Associated Press | The Canadian Press – 21 hours ago
The Obama administration is telling American automakers that it would like cars and light trucks to average 56.2 miles per gallon (23.9 kilometres per litre) by 2025 — a boost to fuel economy that would save American consumers money at the gas pump and help with global warming but drive up the cost of automobiles.
Administration officials floated the number at separate meetings last week with the Detroit Three — General Motors, Ford and Chrysler — according to people in government and industry familiar with the discussions. They spoke on condition of anonymity because they weren't authorized to talk publicly about them. More

China Bank Approves $2 Billion Loan to Finance Ecuador Budget
June 28, 2011, -- More From Businessweek
Ecuador signed a $2 billion loan with China Development Bank Corp., its second in less than a year, as the Asian nation seeks to secure energy and commodities supplies to meet demand in the world’s second-biggest economy.
The agreement was signed in Beijing yesterday, Ecuador’s Finance Ministry said in an e-mailed statement, without providing more details. Finance Minister Patricio Rivera said June 14 the loan will be used to finance budgeted public works projects and will have a maturity of eight years. More

June 25, 2011 -- The NY Times -- Ian Urbina
Drilling Down -- Insiders Sound an Alarm Amid a Natural Gas Rush
Jennifer Pitts/The Journal Record, via Associated Press, left; Mark Peristein for The New York Times
"It's time to get bullish on natural gas," said Aubrey K. McClendon, left, chief executive of Chesapeake Energy. "This could have profound consequences for our local economy," said Deborah Rogers, a committee member at the Federal Reserve Bank of Dallas.
Natural gas companies have been placing enormous bets on the wells they are drilling, saying they will deliver big profits and provide a vast new source of energy for the United States. More
Undocumented, uninformed. Unbelievble that a newspaper would publish this.

June 24, 2011 --
Grand Canyon area excluded from uranium claims
US secretary of the interior Ken Salazar has announced the withdrawal of 1 million acres of federal lands near the Grand Canyon National Park in the USA from hard rock mining claims for six months, prior to a planned 20-year exclusion.
Arizona's Grand Canyon is a World Heritage site visited by 4.4 million people per year and, according to the US Bureau of Land Management (BLM) contains significant environmental and cultural resources - as well as some of the USA's best uranium deposits. More
Are 1 million acres visited by people? Do you really have to withdraw 1 million acres and force the US to continue importing uranium?

June 24, 2011 -- Marcy Bonebright
NASA Climate-Change Scientist Accused Of Ethics/Financial Disclosure Violations
A NASA scientist has been accused of enriching himself with funds from the environmental groups whose agendas he advocated.
A NASA climate-change scientist has been accused of privately profiting from his taxpayer-funded position.
James Hanson, the scientist in question, once claimed the Administration of President George W. Bush tried to “silence” his global warming claims, according to
“In a lawsuit filed Tuesday in Washington, D.C., a group claims NASA is withholding documents that show James Hansen failed to comply with ethics rules and financial disclosures regarding substantial compensation he earned outside his $180,000 taxpayer-paid position as director of the Goddard Institute for Space Studies,” the news outlet reported. More

June 22, 2011 -- IEA -- Fact versus fiction
The IEA sets the record straight on energy-related misperceptions
Myth: We could end dependence on oil with electric vehicles within a few years.
Reality: Electric vehicles can play an increasingly important role over time, but even with rapid sales growth they will not save more than a few percent of worldwide oil use until after 2020.
Explanation: Countries around the world have set electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) sales targets that, when combined, amount to about 7 million sales per year by 2020. If this is achieved, it will result in over 20 million electric vehicles on the road by that year, taking into account all sales over the next nine years. While this would represent tremendous success for EVs and PHEVs, 20 million is only 2 percent of the expected one billion vehicles on the road in that year. More

June 22, 2011 -- Upstream staff --
Talk of IEA oil release 'about prices'
A release of oil stocks by the International Energy Agency (IEA) would be aimed at controlling rising crude prices rather than filling a supply gap, a Saudi official said today.
"The IEA can do what it wants, there is no shortage in the market. If they want to release stocks it will be as a mechanism to bring down prices not to fill any supply shortage," the official, who declined to be named, told Reuters.
The agency, which represents 28 oil-consumer nations, is considering a rare release of emergency reserves if leading Opec member Saudi Arabia cannot pump enough to fill the gap left by the stoppage of Libya supplies.
In its 37-year history the IEA has released stocks only twice to fill lost supplies – in 1990 when Iraq invaded Kuwait and in 2005 after Hurricane Katrina when it released mostly refined products from Europe for the United States.
Opec failed to agree an increase in output when it met earlier in June but Saudi is delivering more anyway. More
Emergency reserves should only be used in times of war or national emergency. Not political campaigns!

June 22, 2011 -- Upstream staff -- Aleya Begum
A 'dark day' for European climate policy
Poland has blocked attempts by European ministers to toughen carbon emissions targets, a move that UK Energy Minister Chris Huhne described as marking ‘a dark day for Europe’.
In an EU Environment Council meeting in Luxembourg yesterday, which discussed the European Commission’s recent 2050 Low Carbon Roadmap, Poland was the only country not to agree to plans to look at increasing the initial 20% emissions reduction target, compared to 1990, set for 2020.
With Poland just weeks away from taking over the rotating presidency of the 27-member bloc, the move could suggest more collisions for Europe on climate issues.
"I'm deeply disappointed that the only country in the EU that could not accept a good compromise on how we can move Europe to a low carbon economy was Poland,” said Huhne.
"Delay and blockage is a recipe for increased costs and missed opportunities. More
Thank you Poland! It is time to stop worrying about global warming and start worrying about the coming mini ice age!

June 21, 2011 -- Upstream staff
IEA: Saudis boosting crude output
Saudi Arabia is probably set to begin boosting its oil production, according to the International Energy Agency.
“There are indications that Saudi production is increasing,” David Fyfe, head of the IEA’s oil industry and markets division, told reporters in Washington today, according to Bloomberg.
“At the same time, it takes time for that oil to get to the market, and Saudi domestic crude utilisation will probably also be increasing in June and July.”
The Paris-based agency is monitoring oil markets to determine whether members need to release reserves and cover the gap between commodity supply and demand, Fyfe said.
Saudi Arabia, together with Kuwait, Qatar and the United Arab Emirates, were ready to supply more oil to the market, Saudi Oil Minister Ali Al-Naimi said after the 8 June Opec meeting in Vienna. More

June 20, 2011 -- Upstream staff
Huhne readies to fight 'zealots' on green laws
UK Energy Secretary Chris Huhne has attacked his Conservative colleagues in government as "rightwing ideologues" and "deregulation zealots" for placing environmental regulations on a list of red tape to be considered for scrapping.
In comments made at the weekend to a conference of social democrats in his party, Huhne made it clear he is opposed to environmental protection laws such as the Climate Change Act, the Wildlife and Countryside Act and the National Parks Act being included in the government's review of regulations in force in the UK.
His views are thought to reflect a range of opinion within Liberal Democrats in government.
"Between the obsession with micro-management and target-setting displayed by the Labour party, and the fixation with deregulation and scrapping rules just because they are rules on offer from some rightwing ideologues, we Liberal Democrats have a real chance to define an evidence-based, intelligent and distinctive approach," the Guardian reported Huhne as saying. More
It's time to scrap Huhne and his devastating policies!!

June 20, 2011 --
Huhne building 'low carbon coalition' to push for tougher emissions cuts
Energy and climate change minister garnering support for 30 per cent reductions by 2020 ahead of EU Environment Council meeting today
Chris Huhne will look to convince European environment ministers to support deeper emissions cuts by building a "low carbon coalition" with other supportive nations, including Denmark and Germany. More
Only Europeans are still worrying about global warming!!

June 20, 2011 --
Supreme Court Blocks Climate Change Lawsuit
WASHINGTON (AP) -- The Supreme Court has blocked a federal lawsuit by states and conservation groups trying to force cuts in greenhouse gas emissions from power plants.
The court said Monday that the authority to seek reductions in emissions rests with the Environmental Protection Agency, not the courts. The ruling was 8-0.
EPA says it will decide by next year whether to order utilities to cut emissions of carbon dioxide, a greenhouse gas. The lawsuit targeted the five largest emitters of carbon dioxide in the United States, four private companies and the federal Tennessee Valley Authority.
The Obama administration sided with the power companies in this case. More
The EPA now has complete control of the power companies. Not the voters, not our representatives.

June 19, 2011 -- Larry Shaughnessy, CNN
Headed to the beach? Heads up for an invasion force
Washington (CNN) -- It's mid-June, a perfect time to visit the beach to watch porpoises play in the surf or seagulls strut the sand -- or you could watch a formation of Marine Corps warplanes darting over the shore at hundreds of miles per hour.
But don't worry -- the United States hasn't declared war on your family's beach house. It's just part of a major Marine Corps exercise called Exercise Mailed Fist (translation: armored fist).
….."Exercise Mailed Fist is the first exercise of its specific kind and the largest 2nd Marine Aircraft Wing exercise conducted in recent history," said Staff Sgt. Roman J. Yurek, Marine Corps spokesman. "In the past, 2nd Marine Aircraft Wing units had to deploy to the West Coast to conduct this type of training." More

June 19, 2011 --
Plans advance for new small reactor in USA
Generation mPower (GmP) - a partnership between Babcock & Wilcox (B&W) and Bechtel - has signed a letter of intent with the Tennessee Valley Authority (TVA) which defines a project for constructing up to six small modular reactors at Clinch River in Tennessee. The 125 MWe mPower design is an integral PWR designed to be factory-made and railed to site. TVA plans to submit a construction permit application to the Nuclear Regulatory Commission in 2012, while GmP plans to submit a design certification application in 2013. B&W said that "GmP remains on track to deploy the first B&W mPower reactor by 2020 at TVA's Clinch River site." More

June 17, 2011 --
Transocean in Panoro Brazil rig gig
A Transocean-owned rig looks set for three prospects off Brazil as the US offshore services giant pens a deal with Norway’s Panoro Energy.
The GSF Arctic 1 semi-submersible will not, however, have to travel very far to fulfill the expected contract for the Oslo-listed independent as it is currently working off the South American country.
Panoro signed a letter of intent with Transocean for the unit to drill three wells at the Subia, Canario and Jandaia prospects.
The deal would cover the assets BM-S-63, BM-S-71 and BM-S-72, Panoro wrote in a statement today. More

June 17, 2011 -- -- Danny Bradbury
Senate votes to axe ethanol subsidies after all
Senate votes overwhelmingly to end controversial subsidies after initially rejecting proposal to scrap biofuel tax breaks
The US Senate voted yesterday to axe billions of dollars in tax credits for US ethanol, after a fresh amendment designed to scale back biofuel subsidies secured the 60 votes required to pass.
The vote, delivered amid rising protests at the price of food, was dismissed as "disappointing [but] ultimately inconsequential" by the US Renewable Fuels Association (RFA), which predicted that the bill is unlikely to make it through the House of Representatives. More

June 16, 2011 --
Construction start on new Pakistan reactor
At the end of May construction officially started on unit 3 of the Chashma nuclear power plant in Pakistan, a 340 MWe Chinese PWR. Its twin is expected to be about a year behind it. The government approved the project in 2009 at a cost of $2.37 billion, with $1.75 billion of this involving "a foreign exchange component". In 2010 Pakistan announced that it had agreed for China to provide 82% of US$ 1.912 billion financing as three 20-year low-interest loans. CNNC's China Zhongyuan Engineering is the general contractor and China Nuclear Industry No.5 Construction Company is installer, as with the similar units 1 & 2 at Chashma. These have operated since 2000 and early 2011 respectively. More

June 16, 2011 --
Italy decisively rejects return to nuclear power
In a referendum considering four pieces of legislation promoted by Mr Berlusconi, voters strongly rejected the 2009 legislation setting up arrangements to generate 25% of the country's electricity from nuclear power by 2030. Italy is the only G8 country without its own nuclear power plants, having closed its last reactors in 1990 following a 1987 referendum on the question, soon after the Chernobyl accident. The country is the world's largest net importer of electricity, mostly from French nuclear power stations. Most new domestic capacity since 1990 has been combined cycle gas turbine (CCGT) plants, and the referendum decision will mean much more of that. Due to high reliance on oil and gas, as well as imports, Italy's electricity prices are well above the European Union average. In 2008, the price averaged 20.9 Euro cents/kWh for households, over 9 cents more than in France. The Minister of Economic Development in October 2008 put the figure for the "terrible mistake" of the 1980s nuclear phase-out at some €50 billion. More

June 16, 2011 -- world-nuclear-news
NRC updates on uprates
The US Nuclear Regulatory Commission (NRC) approved 10 nuclear power plant uprates adding 884 MWt (about 295 MWe) to US electricity generating capacity in the year from May 2010 to May 2011. Eight of these, totalling 364 MWt, were the result of measurement uncertainty recapture (MUR) uprates, which do not require significant modifications to plant or equipment. Two extended power uprates (EPU), which typically do require significant modifications, added a total of 520 MWt at the two Point Beach pressurised water reactors. The NRC is currently reviewing 11 uprates – ten EPUs and one MUR – which if approved would add up to 4118 MWt (some 1372 MWe) of capacity, and anticipates receiving ten further applications in fiscal 2011 More

June 15, 2011 --
US, Saudi ‘oil-swap deal’ falls flat
US and Saudi Arabian officials failed with an “unprecedented” oil-swap deal aimed at driving down the soaring cost of oil, a report claims.
The talks took place before the recent OPEC meeting where Saudi Arabia refused to increase production to slash per-barrel costs, Reuters reported.
In the weeks leading up to the Vienna rendezvous, Saudi and US officials were discussing a deal whereby the US would eat into its Strategic Petroleum Reserve.
In return for shipping its high-quality product to European refineries, it was envisaged that Saudi Arabia would top up the US reserve with cheaper, lower-grade sour crude at a discount, Reuters reported, citing four people familiar with the alleged talks. More
Unbelievable! This administration would trade our good oil for junk to keep prices down but will not allow more drilling. Thank you Saudi Arabia for not going along with this scam.

June 14, 2011 -- -- Lewis Page
Earth may be headed into a mini Ice Age within a decade
Physicists say sunspot cycle is 'going into hibernation'
What may be the science story of the century is breaking this evening, as heavyweight US solar physicists announce that the Sun appears to be headed into a lengthy spell of low activity, which could mean that the Earth - far from facing a global warming problem - is actually headed into a mini Ice Age.
Ice skating on the Thames by 2025?
The announcement made on 14 June comes from scientists at the US National Solar Observatory (NSO) and US Air Force Research Laboratory. Three different analyses of the Sun's recent behaviour all indicate that a period of unusually low solar activity may be about to begin. More

June 14, 2011 -- (CNNMoney)
Ethanol subsidies are still alive and kickin'.
The Senate rejected an amendment Tuesday that would have put an abrupt stop to tax breaks and incentives for corn-based ethanol products popular with farm-state lawmakers.
Introduced by Sen. Tom Coburn, a cantankerous Oklahoman known as "Dr. No," the amendment fell short, failing in a 40-to-59 procedural vote as members of both parties joined in opposition to the measure. Sixty votes were needed for passage. More

Big Brother coming to rural America
The White House -- For Immediate Release -- June 09, 2011

Executive Order - Establishment of the White House Rural Council
By the authority vested in me as President by the Constitution and the laws of the United States of America and in order to enhance Federal engagement with rural communities, it is hereby ordered as follows:
Section 1. Policy. Sixteen percent of the American population lives in rural counties. Strong, sustainable rural communities are essential to winning the future and ensuring American competitiveness in the years ahead. These communities supply our food, fiber, and energy, safeguard our natural resources, and are essential in the development of science and innovation.

June 7, 2011 -- economicpolicyjournal
Eliminate Bernie Madoff Style Accounting and the Real US Debt is $61 Trillion
When the U.S. government reports its debt, it does not include payment that it is required to make to seniors, veterans and retired employee. If those were included, as they should be, the US debt would be an far greater number than the already outrageous number the government does publish.
Accountant Sheila Weinberg, founder of the Institute for Truth in Accounting, has done the accounting correctly and has come up with these numbers: Total US debt $61 trillion, which comes out to $534,000 per household. More

June 7, 2011 -- Chris Isidore @CNNMoney
GM CEO calls for $1 gas tax hike
General Motors CEO Dan Akerson said his company and his industry would be helped, not hurt, if consumers paid higher gas taxes.
In an interview published in Tuesday's Detroit News, Akerson floated the idea of a $1 a gallon increase in the gas tax as a way to encourage buyers to purchase smaller, more fuel efficient cars. Greg Martin, spokesman for GM's Washington office, confirmed that the quotes reflect Akerson's and GM's view.
Akerson said he would support a jump in the gas tax if it came instead of tighter fuel economy regulations More
Screw the poor and the elderly who bailed out GM and are hurt most by higher gas prices! -- "What's good for General Motors" is bad for senors and the poor.

June 7, 2011 -- world-nuclear-news
Tenex, PSEG sign uranium supply deal
Russia's Tenex has signed a $200 million contract to supply low-enriched uranium (LEU) to US utility PSEG Nuclear. The deal, signed in the presence of Rosatom director general Sergey Kiryenko and US energy secretary Steven Chu in Moscow, is the 12th such contract to supply Russian uranium products directly to US utilities since changes to antidumping laws in 2008. According to Tenex, the latest contract means its total portfolio of long-term contracts is now worth about $22 billion. Tenex recently signed a multi-year contract to supply LEU to US uranium enrichment company USEC starting in 2013. More

June 7, 2011 -- Upstream staff
EIA sees jump in global oil demand
Japan and other countries will need much more oil this year to generate electricity, the US government said today, in a surprising upwardly revised oil demand forecast that could add to pressure on Opec to boost production.
The US Energy Information Administration (EIA) projected world oil consumption would rise by 1.7 million barrels per day to 88.43 million bpd this year, Reuters reported.
The latest monthly report is up 300,000 bpd from its growth forecast last month, when the agency had actually cut its oil demand outlook. More

June 7, 2011 -- Steve Marshall
Global E&P spend 'set to surge'
Global exploration and production spending is estimated to top $533 billion this year, up 14% on an earlier forecast, as companies bankroll projects on the back of high oil and gas prices, according to a new survey.
A strong driver for the spending surge, based on a survey of 445 companies by Dahlman Rose, is the North American shale boom with US companies set to spurge $122 billion in 2011, up 22% compared with expectations six months ago. More

June 2, 2011 -- world-nuclear-news
First IAEA report on Fukushima
The handling of the Fukushima nuclear crisis was "exemplary," said a preliminary report from the International Atomic Energy Agency, and could eventually show "what can be achieved in responding to such extreme nuclear events."
....Some of the findings come as no surprise - "The tsunami hazard for several sites was underestimated" - while others praise Japan's "extremely open" stance in sharing information with the IAEA team.
....The response of Tokyo Electric Power Company (Tepco) by "dedicated, determined and expert staff under extremely arduous conditions has been exemplary, and resulted in the best approach to securing safety given the exceptional circumstances," said Weightman. More

June 2, 2011 -- Manufacturing.Net
Ford Working On Tiny Engine
Ford Motor Co. plans to introduce its smallest engine ever by 2013, part of the race to improve fuel economy across the industry.
Ford said Thursday it's working on a one-liter, three-cylinder engine that will be available in small cars globally. Ford didn't say which cars will get the engine, but it plans to release more details this fall. More

June 1, 2011 -- POWERnews
New Jersey to Pull Out of RGGI, Shun New Coal Plants
New Jersey Governor Chris Christie on Thursday announced he would withdraw his state by the end of the year from the Regional Greenhouse Gas Initiative (RGGI)—a cap-and-trade carbon trading system that involves 10 Northeastern states—because the “program is not effective in reducing greenhouse gases and is unlikely to be in the future,” he said. The governor also said the state would not permit any new coal plants and that it would shut down “dirtier” intermediate and peaker plants.
Christie said that an “extensive review” with the state’s Department of Environmental Protection (DEP) and others in his administration revealed that RGGI was ineffective because “allowances were never expensive enough to change behavior as they were intended to and ultimately fuel different choices.” More

May 31, 2011 -- world-nuclear-news
Last decade of German nuclear power
Germany's policy reversal on nuclear has been completed with a new push to enter the 'age of renewables' and the accelerated dumping of nuclear technology. Industry has yet to react.
Yesterday Chancellor Angela Merkel announced a reborn phase based an ethics report that said it was possible for Germany to avoid restarting the seven reactors shut during the moratorium and close the rest by 2022. She plans to use renewables to replace nuclear, which is politically unacceptable after the "unimaginable disaster" that German citizens think the Fukushima accident represents.
.....Some 19 fossil power plants are under construction in Germany to come online within a few years. More
Germany is about to follow the US into depression.

May 31, 2011 --
New NASA Map Reveals Patterns Of Tropical Forest Carbon Storage
A NASA-led research team has used a variety of NASA satellite data to create the most precise map ever produced depicting the amount and location of carbon stored in Earth's tropical forests. The data are expected to provide a baseline for ongoing carbon monitoring and research and serve as a useful resource for managing the greenhouse gas carbon dioxide.
The new map, created from ground- and space-based data, shows for the first time the distribution of carbon stored in forests across more than 75 tropical countries. Most of that carbon is stored in the extensive forests of Latin America.
"This is a benchmark map that can be used as a basis for comparison in the future when the forest cover and its carbon stock change More

May 27, 2011 --
Venezuela Oil Chief Tells U.S.: ‘Go to Hell’
The head of Venezuela’s state oil company said the United States can “go to hell” after it imposed economic sanctions on the firm for its ties to Iran.
“The imperialists can go to hell. Their sanctions mean nothing to us,” Rafael Ramirez, head of Petroleos de Venezuela (PDVSA) and the country’s energy and petroleum minister, said Wednesday.
“No one is going to impose this kind of action against us. We do what best serves the people of Venezuela and what best serves the interests of the Venezuelan state.” More

May 27, 2011 -- upstreamonline
Crude rises as gasoline soars
US oil prices regained their footing near the close to end slightly higher today, finding support from gasoline futures, which soared in anticipation of higher demand this summer driving season.
Gains were limited, however, as a plunge in US home sales added to festering economic worries, erasing much of the day's earlier gains sparked by a weaker dollar. More

May 26, 2011 -- world-nuclear-news
EDF aims for number one
The EDF Group has set its sights on becoming the world's number one "electricity player" by 2020, aiming to have a diversified energy mix with 200 GWe of installed capacity.
The group's strategy was unveiled by chairman and CEO Henri Proglio to shareholders at a general meeting on 24 May. The plan calls for the company to increase its installed capacity to 200 GWe, with a diversified energy mix of 50% nuclear, 25% thermal and 25% hydroelectricity and other renewables. This would represent an increase of around 66 GWe from EDF's 2010 installed capacity of 133.9 GWe, including 74.3 GWe of nuclear (55%), 34.8 GWe thermal (18%), and 24.8 GWe hydro and other renewables (26%). More

May 26, 2011 -- Darren Samuelsohn
Christie pulls N.J. out of cap and trade program
Heeding the call of conservative activists, New Jersey Gov. Chris Christie on Thursday pulled the Garden State out of a regional greenhouse gas cap-and-trade program for Northeastern states.
Conservative groups — led by Americans for Prosperity, which was founded by billionaires Charles and David Koch — have been pushing Christie ever since he took office to abandon the Regional Greenhouse Gas Initiative.
...."It's a phenomenal move on his part because this will deal a death blow to the RGGI program and send cap-and-trade away for good finally," said Steve Lonegan, New Jersey state director of Americans for Prosperity, who added that he expects New Hampshire and Maine to eventually drop out of the alliance too. More

May 27, 2011 -- world-nuclear-news
Argentina recognises Rosatom
Russia and Argentina have signed a memorandum on cooperation in the peaceful use of atomic energy that recognises Rosatom as a possible supplier for a fourth Argentinian nuclear power plant.
The memorandum between Rosatom and the Ministry of Federal Planning, Public Investment and Services of Argentina was signed by Rosatom director general Sergey Kiriyenko and Argentinian federal planning minister Julio De Vido at a ceremony in Moscow. The routine purpose fo the document is to extend cooperation in peaceful nuclear energy, but it also notes that Argentina will continue to look into Rosatom proposals for future nuclear power plants in the country and stipulates that Rosatom is prequalified as a possible supplier for Argentina's fourth nuclear power plant. More

May 24, 2011 --
Senate blocks GOP bid to speed offshore drilling
A GOP bid to expand and hasten offshore oil drilling in the face of $4-a-gallon gasoline prices suffered an overwhelming defeat in the Senate on Wednesday, four days after President Obama directed his administration to ramp up U.S. oil production.
Senate Minority Leader Mitch McConnell's bill on drilling permits was rejected.
Five Republicans joined 52 Democrats or independents in rejecting a bill written by Senate GOP leader Mitch McConnell to speed up decision-making on drilling permits and force previously scheduled lease sales in the Gulf of Mexico and off the Alaska and Virginia coasts. The Obama administration suspended several lease sales after last year's massive BP oil spill.
The bill was supported by 42 Republicans, well short of the 60 needed to advance it. Several GOP senators complained that the bill gave too much ground to the Obama administration, including a provision that would require independent reviews of oil companies' plans for responding to major oil spills before they could get drilling permits. More
Is it treason to block Americans from using our own oil and forcing us to aid our enemies?

May 24, 2011 -- Matthew Daly -- AP
U.S. To Install Car-Charging Stations In 5 Cities
To boost use of electric vehicles, the Obama administration is installing charging stations for government vehicles in Washington, Detroit, Los Angeles, San Diego and San Francisco.
The General Services Administration plans to buy 116 plug-in electric vehicles, including 101 Chevrolet Volts. That's a tiny fraction of the 650,000 vehicles the GSA manages, but Energy Secretary Steven Chu and other officials say the purchase is an important symbol of the administration's commitment to reduce U.S. dependence on foreign oil. More
The facts: 71.2% of US electricity comes from Fossil fuel.
Electric cars are expensive.
Electricity is expensive.
Our governent is wasting more of our money to bail out failing companies.

May 20, 2011 -- By Karoun Demirjian
Tonopah solar project poised to get $737 million loan guarantee
The Tonopah solar energy storage plant that came to symbolize Nevada Democrats’ campaign to preserve stimulus loan guarantees will be getting its money, it appears, after the Department of Energy delivered a conditional promise to back $737 million to get the project off the ground.
With it, Senate Majority Leader Harry Reid and Energy Secretary Stephen Chu announced Thursday, 600 jobs will be created in Nye County, and more than 4,000 more across the country, as parent company SolarReserve breaks ground on the 110-megawatt Crescent Dunes project this summer.

May 17, 2011 --
Senate Dems Lose Vote on Repeal of Tax Breaks for Oil Companies Amid Pain at Pump
As expected, Senate Democrats lost a key test vote Tuesday on a bill that would have repealed $20 billion worth of tax subsidies for the nation's five largest oil companies, falling 8 votes short of a win.
The 52-48 vote came as a majority of Americans say in a new Gallup poll that high gas prices are hurting their finances. More

May 14, 2011 --
Obama announces new oil drilling
President Barack Obama, under pressure over high gasoline prices, Saturday committed to annual oil and gas lease sales in Alaska's National Petroleum Reserve and to speeding up production in other areas.
In his weekly radio and Internet address, the US leader admitted that one of the biggest burdens for US consumers in recent months had been the high price of gasoline -- which is more than four dollars a gallon in some areas.
....In March 2010, Obama announced a plan to expand drilling along areas of the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska. More
When? Americans are tired of promises!

May 13, 2011 -- world-nuclear-news
Slovenia joins OECD Nuclear Energy Agency
The Republic of Slovenia has become the 30th member country of the OECD's Nuclear Energy Agency (NEA). The country, which obtains some 25% of its electricity from the Krsko nuclear power plant which it co-owns with Croatia, has been an observer on NEA standing committees since 2002 and joined the OECD in 2010. More

May 12, 2011 -- The National Academy of Sciences
America’s Climate Choices
"The significant risks that climate change poses to human society and the environment provide a strong motivation to move ahead with substantial response efforts."
"Climate change is occurring, is very likely caused primarily by the emission of greenhouse gases from human activities, and poses significant risks for a range of human and natural systems."
Note the words "very likely" - Report summary --
Important: Who gets more grants and government funding -- NRC OR NASA?

BUT: April 4, 2011 -- Terrence Aym
NASA admits all previous warming trends caused by sun
Under mounting pressure from scientists that reject the politically popularized man-made global warming and climate models—the Anthropogenic Global Warming (AGW) theory—the American space agency NASA has admitted that all past warming trends were driven by solar activity. More

May 12, 2011 -- world-nuclear-news
No charitable status for Greenpeace New Zealand
The New Zealand High Court has ruled on appeal that the political and potentially illegal activities of Greenpeace were independent of its educational goals and so the body is not exclusively charitable, as required for legal registration. In making his judgement, Justice Paul Heath referred to the prominence on the Greenpeace website given to arrests of its activists, noting that "it is clear that Greenpeace sees itself as an advocate, not an educator." More

May 12, 2011
The Great Senate Oil Subsidy Deceit
From the Senate: We urge you to take this opportunity to publicly admit that, given your companies' prodigious profits, you no longer need taxpayer subsidies. We hope you will do the right thing for our country's fiscal health and endorse their discontinuation.
From us: If you are truly serious about cutting our deficit please cut government spending and end all energy subsidies including wind, solar and ethanol.
We hope that you will agree that S. 940 is simply a political move calculated to mislead the public into thinking that you really care about them. More

May 12, 2011 -- (AP)
Schumer seeks to end US subsidies of oil companies
U.S. Sen. Charles Schumer, D-N.Y., is proposing to end what he says are $4 billion a year in tax subsidies to the biggest oil companies.
The subsidies date back decades as an incentive for small- and medium-size oil companies to explore for more oil sources.
But instead, Schumer says the subsidies have become a tax break for oil producers at a time when gasoline costs more than $4 a gallon in New York. More
When will this administration allow companies to grow and create jobs instead of punishing succesful companies and driving them out of this country?
Eliminating tax breaks will result in even higher gas prices!

May 9, 2011 -- world-nuclear-news
Grid connection for second Ling Ao II unit
The second unit at China's Ling Ao II nuclear power plant has been connected to the grid, China Gaungdong Nuclear Power Company (CGNPC) has announced.
The 1080 MWe Chinese-designed CPR-1000 pressurised water reactor (PWR) was synchronised with the grid on 3 May More

May 20, 2011 -- By Karoun Demirjian (contact)
Tonopah solar project poised to get $737 million loan guarantee
Friday, May 20, 2011 | 1:55 a.m.
The Tonopah solar energy storage plant that came to symbolize Nevada Democrats’ campaign to preserve stimulus loan guarantees will be getting its money, it appears, after the Department of Energy delivered a conditional promise to back $737 million to get the project off the ground.
With it, Senate Majority Leader Harry Reid and Energy Secretary Stephen Chu announced Thursday, 600 jobs will be created in Nye County, and more than 4,000 more across the country, as parent company SolarReserve breaks ground on the 110-megawatt Crescent Dunes project this summer.

Lula (Tupi) Lula
Operator: Petrobras
Water Depth: 2,170 m / 7,161 ft
Region: S. America - Brazil
Country: Brazil
Last Updated: May 5, 2011 (view update history) Project Description The largest hydrocarbon find in the world since the Kazakh Kashagan discovery in 2000, Petrobras' discovery off the coast of Brazil at Tupi holds estimated recoverable reserves of 5 to 8 billion barrels of oil equivalent (boe). Discovered in July 2006, Tupi is Brazil’s largest discovery to date, located in block BM-S-11 in the Santos Basin, 155 miles (250 kilometers) from the southern coast of Rio de Janeiro.
The Noble Paul Wolff semisub drilled the exploratory well 1-BRSA-369-RJS in a water depth of 7,021 feet (2,140 meters) in 2006. The discovery was made beneath a 6,562-foot (2,000-meter) salt layer, which is located more than 9,843 feet (3,000 meters) below the surface.

May 4, 2011 -- Timothy R. Homan
U.S. Payrolls Grew 244,000 in April; Unemployment at 9%
American employers in April added more jobs than forecast and the labor market in the prior two months was stronger than initially estimated, indicating the world’s largest economy is weathering the impact of higher fuel prices. More
Evidently, we also lost more jobs and have more people out of work then ever. To our readers this should be no surprise. Without cheap energy industry grinds to a halt dragging other employers down with it.
The Obama foreign energy plan is working as expected.

May 4, 2011 -- upstreamonline
Crude drops on stock build
Oil prices fell to their lowest in two weeks today, hit by a build in US crude stocks and a broad decline in commodities after weak US economic data and concerns over tighter Chinese monetary policy.
Weekly crude stocks rose by 3.4 million barrels even as imports fell, the US Department of Energy said.
Stockpiles were up last week by more than the 2 million barrels that analysts had expected, Reuters reported. More

May 4, 2011 -- POWERnews
New Wash. Law Phases Out Coal-Fired Power by 2025
A law signed by Governor Chris Gregoire on Friday phases out coal-fired power production in Washington State with the closure of two coal boilers at TransAlta’s Centralia power plant.
The law, SB 5769, requires that the plant’s two coal boilers meet the state’s emissions performance standard for new and modified power plants, which will require the boilers to shut down. The standard will apply to one boiler on Dec. 31, 2020, and to the other boiler on Dec. 31, 2025—essentially ending coal-fired power in Washington State in the next 14 years. More

May 4, 2011 -- world-nuclear-news
Regulatory approval for Point Beach uprate
An uprate of NextEra Energy's twin-unit Point Beach nuclear power plant in Wisconsin that will increase the generating capacity of each of the plant's reactors by 17% has been approved by the US Nuclear Regulatory Commission (NRC). The uprate will increase the capacity of each of the pressurized water reactors from 512 MWe to 600 MWe. The NRC determined that NextEra could safely raise output primarily by carrying out significant upgrades to several plant systems and components, More

May 4, 2011 -- world-nuclear-news
Chinese nuclear construction continues apace
The reactor building dome of unit 2 at the Yangjiang nuclear power plant in China was recently installed, 16 days ahead of schedule. Meanwhile, the second ring of the containment vessel of unit 2 at the Haiyang plant has also been lifted into place.
On the morning of 29 April, the dome - with a diameter of 37 metres, a height of 11 metres and weighing 156 tonnes - was carefully lifted by crane and placed on top of the containment vessel walls of Yangjiang unit 2. The entire operation took about 80 minutes. More

Another victory for government by the agencies for the agencies. Another loss for the people.
May 2, 2011 -- upstreamonline
BOEMRE to crack contractor whip
The US government will begin exerting its authority over contractors involved in developing offshore leases, the head of the country’s regulatory body said.
Bureau of Ocean Energy Management, Regulation & Enforcement (BOEMRE) Director Michael Bromwich said his agency has always had the power to regulate contractors but has not chosen to exercise its authority until now.
“It has struck me as inappropriate to limit our authority to operators if in fact we had legal authority that reached more broadly to the activities of all entities involved in developing offshore leases,” he said at a keynote luncheon on the first day of the OTC conference in Houston. More

May 2, 2011 -- Eoin O'Cinneide & news wires
Shell seeks Alaska drill permits
Supermajor Shell could be close to winning approval to press ahead with drilling plans in Alaska, a state official has hinted.
The company has resubmitted requests to drill at five wells in the state’s Arctic waters, but another US official reckons Shell will be under pressure to prove its spill response capability.
"Shell reapplied for permits, and I think they're ready to get them," Dan Sullivan, head of Alaska’s Natural Resources Department, told news wire Dow Jones.
....Bureau of Ocean Energy Management, Regulation & Enforcement (BOEMRE) director Michael Bromwich said at OTC 2011 in Houston, however: “I haven’t seen their plan. We’re hearing generally about more ambitious plans". More

May 2, 2011 -- News wires
Pemex sees triple profits
Profits at Mexico's state-owned Pemex nearly tripled in the first quarter from a year ago, boosted by higher crude oil prices and a stronger Mexican peso, it said in a stock market filing today.
Pemex said it earned 4.2 billion pesos ($353 million) in the first quarter, up from 1.4 billion pesos in the first three months of last year.
The company benefited from a 10% increase in crude oil export volumes and a 29% increase in the price of its oil shipments in the quarter, compared with the year ago period, Reuters reported. More

May 2, 2011 -- upstreamonline
Drilling pact for coastal states
Five US states have banded together to push the federal government to consult them more on offshore drilling plans, Mississippi governor Haley Barbour announced at the OTC conference in Houston.
The governors of Texas, Virginia, Alaska, and Louisiana joined Barbour in throwing their support behind the Outer Continental Shelf Governor’s Coalition (OCSGC) and invitations to join the group have been sent to the heads of the other 20 coastal states.
The core principle of OCSGC will be a call for greater coordination between the state and federal government, as well as calling for a better understanding how federal decisions impact state and local economies, Barbour said. More

May 1, 2011 -- Steven Fine, ICF International
Added Regulatory Hurdles Will Accelerate Coal Plant Retirements
The U.S. Environmental Protection Agency is developing a number of new regulations for the power sector governing air emissions, cooling water intake structures, and coal combustion waste disposal methods. Combined, these regulations have the potential to drive as much as 40% of existing coal-fired generating units to retire in the next 10 years, representing about 51 GW. More

May 1, 2011 -- power -- Dr. Robert Peltier, PE
Nuclear Sneak Attack
A renewed attack on nuclear power immediately followed the March 11 catastrophe at the six-unit Fukushima Daiichi nuclear power complex in Japan. At least one legislator and a multitude of anti-nuclear groups have demanded that the U.S. cease approval of all new nuclear plants for the foreseeable future and/or close our Mark I boiling water reactor (BWR) plants. This knee-jerk response adds nothing substantive to the nuclear safety debate.
Congressman Edward Markey (D-Mass.) released a statement on April 6 that gave his version of a nuclear plant safety program: “I have introduced [March 29] legislation, the Nuclear Power Plant Safety Act of 2011, to impose a moratorium on all pending NRC licenses and re-licenses in light of the need to fully understand the safety risks and include remedies into our own regulations.” More

April 26, 2011 -- Upstream staff
Ithaca posts profit hike
Soaring sales, reduced costs and a positive tax balance helped Canada’s Ithaca Energy to a large profit last year.
The UK-focused independent posted net profit of $54.04 million for the 12 months to the end of December as opposed to $7.86 million the year before.
Key to this was a jump in revenues from $101.28 million to $132.35 million but there was also a large drop in operating expenses from $46.31 million to $37.85 million. More

April 25, 2011 -- Eoin O'Cinneide & news wires
Contractors in BOEMRE’s sights
A tighter leash could be thrown around rig contractors operating in waters off the US if a regulator gets the green light.
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) is looking to be able to bypass Congress in order to bring contractors under more control, Reuters reported on Monday. More
Rigs from Brazil and Cuba are exempt from these regulations!

April 25, 2011 -- rightsidenews
Three Inch Lizard to Shut Down Oil and Gas Operations in Texas and New Mexico?
A three-inch lizard that thrives in desert conditions could shut down oil and gas operations in portions of Southeast New Mexico and in West Texas, including the state's top two oil producing counties.
Called the Dunes Sagebrush Lizard, it is being considered for inclusion on the federal Endangered Species listing by the U.S. Fish and Wildlife Service. A public rally to oppose this move is being sponsored by the Permian Basin Petroleum Association on Tuesday, April 26 at Midland Center beginning at 5 p.m. Congressman Mike Conaway will speak, as will Land Commissioner Jerry Patterson; other public officials have been invited. More

April 21, 2011 -- News wires
Crude rises on weak dollar
Crude has climbed above $124 a barrel as a sharply weaker US dollar triggered a rush into riskier assets.
The dollar struck its lowest in almost three years against a basket of currencies , making dollar-denominated crude less expensive for consumers using other currencies.
Singapore-based Action Economics director of Asian Economic Forecasting David Cohen said a weaker dollar and lower inventory numbers were supporting oil prices. More

April 20, 2011 -- News wires
Noble sees sharp loss in quarter
Noble reported a sharper-than-expected drop in first-quarter profit as restrictions on US drilling idled many rigs.
Drilling in the key Gulf of Mexico market remained subdued in the quarter as US regulators came to grips with new rules that followed BP's well blow-out, exactly a year ago on Wednesday, which killed 11 people and caused a huge oil spill. More

April 20, 2011 -- Reuters -- Jeff Mason
Obama says U.S. monitoring price gouging
Says oil supply is not the problem (Updates with background on OPEC)
U.S. President Barack Obama on Tuesday blamed speculators for driving gasoline prices higher and straining American consumers, saying there was enough oil in world markets to meet demand. More
Mr. President: Everything from corn to jewelry has almost doubled. It can't all be caused by speculators!

April 20, 2011 -- Eoin O'Cinneide & news wires
Putin to save Russian oil cash
Russia is to use its position as the world’s largest oil producer to double its Reserve Fund this year, Prime Minister Vladimir Putin has vowed.
Oil companies in the country are also to invest a combined total of $300 billion over the next three years, reports suggest, as Putin made his annual address to parliament on Wednesday.
Putin said that Russia is now the world’s largest producer of oil with 3.76 billion barrels per year. More

April 20, 2011 -- POWERnews
TVA to Shutter 16% of Coal-Fired Capacity by 2017
The Tennessee Valley Authority (TVA) on Thursday said it would retire 18 older coal-fired units at three power plants starting next year as part of plans to idle or retire 2,700 MW of its 17,000 MW of coal-fired capacity by the end of 2017. The federally owned utility plans to replace the capacity with nuclear—proceeding with plans for Watts Bar Unit 2 and Bellefonte—as well as renewables, natural gas, and energy efficiency.
In documents released on Thursday, TVA said that three “realities” had caused the utility to evaluate the future of its older coal-fired units. First, it’s coal-fired fleet was aging and many units would require “extensive maintenance” to achieve reliable performance. Second, increasingly stringent regulations on air quality—which TVA expected would be enforced within four to five years—had forced it to “carefully consider where it is most practical to invest in expensive scrubbers and other emission controls.” More

April 20, 2011 -- POWERnews
Entergy Takes Vermont Yankee State License Extension Dispute to Court
Entergy Corp. on Monday asked a federal court to stop Vermont from closing its Vermont Yankee nuclear power plant next year. Federal nuclear regulators last month extended the plant’s operating license by 20 years, but Entergy still requires a state permit.
Vermont is the only state that requires approval from both houses of legislature before the state can extend a nuclear operating license.
Entergy received a nuclear license approval for the Vermont Yankee plant from the Nuclear Regulatory Commission (NRC) on March 21 after what the company called a “thorough and exhaustive five-year safety and environmental review of the plant.” More

April 20, 2011 --
NRG withdraws from Texan project
The future development of South Texas Project (STP) units 3 and 4 looks unlikely after majority shareholder NRG Energy announced that it will write down its investments so far in the project and make no further investment.
The project to construct two Advanced Boiling Water Reactors (ABWRs) at STP is being developed by Nuclear Innovation North America (Nina) - jointly owned by NRG Energy and Toshiba. It had been considered among the leading new build projects in America, and was one of the few that had survived both the financial crisis and the new availability of cheap natural gas.
....The company blamed the move on the continuing emergency at the tsunami-hit Fukushima Daiichi plant in Japan and the subsequent safety review by the US Nuclear Regulatory Commission (NRC) that could lead to modified design requirements for the STP units. More

April 20, 2011 --
EDF wholesale electricity price set
Up to one quarter of the nuclear electricity generated by EDF will be made purchasable by alternative suppliers in the French electricity market from 1 July.
The price of this wholesale electricity has been initially set by the French government at €40 ($58) per megawatt-hour, rising to €42 ($60) per megawatt-hour from 1 January to 31 July next year.
Currently EDF, generates and supplies almost all of the electricity in France, about 80% of which comes from its fleet of 58 nuclear reactors. This it does economically, since consumer electricity prices in France are amongst the lowest in Europe, and France is one of the largest electricity exporting countries in the world. More

April 19, 2011 --
Fed Officials: Oil Prices Threatening Growth
Rising gas prices likely weighed on first quarter U.S. economic growth, the head of the Federal Reserve Bank of Atlanta said Monday, while another central bank official said companies are still reticent to hire.
Dennis Lockhart, president and CEO of the Atlanta Fed, said first quarter growth will likely be "soft" compared to modest growth many forecasters expected at the beginning of the year. More

April 18, 2011 -- world-nuclear-news
India-Kazakhstan nuclear cooperation agreement signed
The governments of India and Kazakhstan have signed an agreement on cooperation in peaceful uses of nuclear energy. The agreement follows a memorandum of understanding signed by the two countries in 2009.
Kazakhstan, on the other hand, has 15% of the world's uranium resources and became the leading uranium producing country in 2009. The country was home to the BN-350 fast reactor at Aktau, which was built under Russian supervision and operated for 27 years, closing in 1999. The Kazakh government has expressed interest in the possibility of using nuclear power, and plans for a Japanese-built 600 MWe boiling water reactor, most likely in eastern Kazakhstan, feature in the state program for nuclear energy development in the period 2010-2020. More

April 15, 2011 -- Upstream staff
Fred Olsen goes drillship shopping
Shipping giant Fred Oslen has ordered a new $615 million ultra deep-water drilling rig due for delivery in third quarter 2013.
The order, which was first reported in Upstream last month, includes an option for a second unit, exercisable by end October.
The unit will be built under a turnkey contract with Hyundai Heavy Industries.
The rig will be equipped with dynamic positioning, have water depth capacity up to 12,000 feet and have a seven ram blow out preventer. More

April 12, 2011 -- world-nuclear-news
Russian-UAE partnership eyes Indian market
Russia's AtomEnergoMash (AEM) and UAE-based Dodsal Group could begin jointly producing nuclear power plant equipment in India following the signing of a memorandum of understanding (MoU).
The MoU - signed in Dubai following a two-day meeting between the companies – provides for cooperation in the production and supply of power equipment for nuclear power plants, thermal power plants and for the oil and gas industry. It also calls for cooperation in technology transfer and consultancy services. Discussions between the two companies began in May 2010. More

April 12, 2011 -- world-nuclear-news
Fukushima moved to Level 7
....A batch of eight safety-related incidents were recorded on the International Nuclear Event Scale (INES) in the days after a 14-metre tsunami left the site flooded to a level of over five metres.
Covering both the Fukushima Daiichi and Daiini plants, these concerned the overall effect on the nuclear plants (Level 3), two losses of cooling function (Level 5), one covering radiological release (Level 5), one on loss of cooling to a fuel pond (Level 3) and three more on loss of reactor cooling (Level 3).
These have now been supplemented by an additional rating at the top Level 7, 'a major accident'. Japanese authorities notified the International Atomic Energy Agency of their decision to up the rating: More
Fukushima portal

April 12, 2011 -- world-nuclear-news
Diablo Canyon licence extension delayed for studies
Pacific Gas & Electric (PG&E) has asked the US nuclear regulator to delay its final decision on the renewal of the operating licence of the Diablo Canyon nuclear power plant in California until comprehensive seismic studies are completed.
PG&E says that it is the only US utility that has a seismic department, which continually studies earthquake faults in the region of the power plant and global seismic events as part of Diablo Canyon's safety program. More

April 11, 2011 -- upstreamonline
Seadrill in new $600m drillship deal
Norwegian ship owner Seadrill said today it is continuing its rig shopping spree with an order to build a new $600 million ultra deep-water dual derrick drillship at the Samsung yard in South Korea.
The price tag includes project management, drilling and handling tools, spares, capitalised interest and operations preparations, said the rig owner. More

April 11, 2011 -- upstreamonline
Samsung to build six new carriers
South Korean heavyweight Samsung Heavy Industries, the world’s second-largest shipyard, has won contracts totalling $1.2 billion to build six new liquefied natural gas (LNG) carriers.
The shipbuilder has landed contracts to build four vessels for Golar Nor and two for an unnamed client. The Golar Nor LNG carriers, costing a combined $804 million, are due for delivery by end February 2014.
The shipyard this year has already secured orders totalling $4.7 billion. More

April 11, 2011 -- world-nuclear-news
NRC will not license French-owned plant
Unistar's applicaton to build a new nuclear power plant at Calvert Cliffs does not currently meet federal laws on foreign ownership, the US Nuclear Regulatory Commission (NRC) has said.
Unistar Nuclear Energy, originally a 50:50 joint venture between EDF and Constellation Energy, is planning to build a French-designed EPR reactor at the Calvert Cliffs site in Maryland where Constellation already operates two existing pressurised water reactors. EDF took 100% control of Unistar Nuclear Energy when it bought out its erstwhile partner in October 2010 after the financial burden of securing federal loan guarantees put the project beyond Constellation's commercial reach. More
Another anti-energy move by our anti-economy, anti-job administration.

April 4, 2011 --
NASA admits all previous warming trends caused by sun Under mounting pressure from scientists that reject the politically popularized man-made global warming and climate models—the Anthropogenic Global Warming (AGW) theory—the American space agency NASA has admitted that all past warming trends were driven by solar activity. Read more

April 4, 2011 --
Demand For Nuclear Moratorium Following Japan's Tsunami Crisis
A top Indian scientist and government advisor, (Dr P Balaram) backed by more than 50 prominent figures, has called for a moratorium on all future nuclear projects following the nuclear crisis in tsunami-hit Japan.
Read more:
Ed: The Japanese plants were not secure enough. They should have had underground electric feeds from elsewhere preferably the central grid. The tsunami, not the earthquake, knocked out the generators. Lack of backup power knocked out the power plant.
India and Areva are working on thorium reactors which are safer and India has a large supply of thorium.
I have known Indian engineers in the US. They are incredibly careful and security conscious. I would not worry about any plant they design.

April 7, 2011 -- upstreamonline
Senator seeks Keystone pipeline probe
A US senator has urged federal antitrust regulators to investigate whether Canadian oil companies are seeking to drive up crude prices in the US Midwest through the construction of a proposed pipeline from Canada to Texas.
Democratic Senator Ron Wyden's claim focuses on TransCanada’s proposed Keystone XL pipeline, which would carry oil produced in the tar sands of northern Alberta to Nederland, Texas and link to TransCanada's existing Keystone system, which now carries crude as far as Cushing, Oklahoma. More
This anti-energy administration will try anything to bring the country down.

April 6, 2011 -- upstreamonline
Pacific Rubiales plans to rebuy shares
Canadian oil and gas producer Pacific Rubiales Energy said today it plans to rebuy around 4.3% of its common shares on the Toronto and Bogota exchanges, starting in April.
Pacific Rubiales operates the largest producing oilfield in Colombia, which is enjoying a boom in oil and mining investment and whose output has broken historic highs so far this year. More

April 2, 2011 --
Siemens: Cape Wind Project May Begin Construction In 2011
The controversial wind farm off Cape Cod in Massachusetts could begin construction later this year after a decade of planning, the chief executive of turbine provider Siemens AG's (SI, SIE.XE) U.S. division said Wednesday.
.....National Grid will pay an initial price of 18.7 cents a kilowatt hour in 2013- -roughly double market prices--which would rise by 3.5% a year over the remaining life of the contract. More

April 2, 2011 -- Latest NEI Updates
Recovery efforts continue at the Fukushima Daiichi nuclear plant in Japan, as aid pours in from the international nuclear community in the form of technical expertise, protective equipment for workers, storage tanks for contaminated water and other measures.
Today, Tokyo Electric Power Co. (TEPCO) said it has identified one likely source of contaminated water reaching the Pacific Ocean, accounting for some of the radiation readings in seawater samples taken over the past several days. The crack is in a two-meter-deep concrete "pit," or trench, that contains power cables near the reactor 2 water intake. Water measuring between 10 and 20 centimeters deep was found in the pit with radiation levels of more than 1,000 milliSieverts per hour. TEPCO plans to pour concrete to patch the crack while continuing to search for other potential leak paths.
The Nuclear Industrial and Safety Agency says iodine-131 will be diluted in seawater and does not pose a threat to the public. Additionally, iodine-131 has a short half-life-about eight days-and will decay to harmless levels fairly quickly. (See NEI's fact sheet to learn more about the health impacts of iodine-131.) More

March 30, 2011 --
Obama sets out energy future for less dependency on oil
President Barack Obama said it was time for America to "get serious" about its energy demands
President Barack Obama has vowed to reduce US oil imports by one-third in little more than a decade.
He said in a speech in Washington that America had to "get serious" about a secure and affordable energy future.
Higher oil prices are threatening to hamper US economic recovery and there is growing dissatisfaction among car drivers with pump prices.
Mr Obama said the US must move towards getting 80% of its electricity from non-oil sources by 2035. More

March 30, 2011 -- Nuclear Energy Institute
Latest NEI Updates
Operators of nuclear power stations in Japan have been urged to ensure their facilities have emergency power sources.
Industry Minister Banri Kaieda Wednesday attributed the nuclear emergency in Japan to the loss of cooling systems at the Fukushima Daiichi nuclear power plant, the Japan Atomic Industry Forum reported. He told utility companies they should have mobile generators on hand to cool their nuclear reactors as an added safety measure.
Kaieda said the utilities should confirm the steps they have taken and conduct drills within a month or stop operating their nuclear facilities.
According to the NHK news service, many companies are introducing emergency power generators to their facilities. Some have conducted drills for cooling operations based on a situation in which emergency generators fail. More
AFE: Backup from the grid, another power plant or backup generators further inland could have prevented the meltdown.

March 30, 2011 -- world-nuclear-news
Feasibility study for Olympic Dam expansion
BHP Billiton has announced that its plans for a massive expansion of operations at Olympic Dam in South Australia have moved to the feasibility study phase.
The decision to move to the next stage of the process to expand operations at the multi-mineral ore body follows the release of a draft environmental statement by the company in May 2009.
,,,,,According to BHP Billiton, Olympic Dam is the world's fourth largest remaining copper and gold deposit and the largest known uranium deposit. It also contains significant quantities of silver. The project went into production in 1988. More

March 30, 2011 -- world-nuclear-news
Cooling standard could hit power plants
More than 600 power plants including more than half of US nuclear reactors may be forced to retrofit once-through cooling systems with cooling towers under a proposed rule issued by the country's Environmental Protection Agency (EPA).
The EPA has proposed standards under the Clean Water Act to follow through on a recent settlement agreement with environmental groups whereby EPA agreed to issue regulations to reduce injury and death of fish and other aquatic life caused by cooling water intake structures at power plants and other industrial facilities. The EPA said that its proposal would "establish a common sense framework, putting a premium on public input and flexibility." More

March 28, 2011 -- upstreamonline
Chesapeake sees sunny outlook
Chesapeake Energy boss, Aubrey McClendon is optimistic about natural gas prices, citing prospects for higher demand.
"I think natural gas is capturing market share from coal, and industrial demand for gas is growing," McClendon said in an interview at the Howard Weil Energy Conference.
Most of Chesapeake's output is natural gas, but the company is shifting exploration spending to places such as the Eagle Ford Shale in South Texas, where there is more oil and natural gas liquids. Natural gas liquids, which can be stripped of components such as ethane, sell at a premium to dry gas. More

March 27, 2011 -- world-nuclear-news
Environmental approval for two new US reactors
There are no environmental reasons why two new reactors should not be built at the existing Vogtle nuclear power plant site in Georgia, according to the US nuclear safety regulators.
The Nuclear Regulatory Commission (NRC) has completed its consideration of the environmental impacts of expanding the Vogtle plant with two 1100 MWe Westinghouse AP1000s in addition to two 1250 MWe units that have operated there since the late 1980s. More

March 27, 2011 -- world-nuclear-news
Contaminated pools to be drained
Pools of water with significant contamination are slowing down repair work in units 1, 2 and 3 at Fukushima Daiichi. It was in unit 3 that three workers recently suffered higher radiation exposure. The results of plutonium sampling have now been released. More

March 25, 2011 --
Russia Set to Profit From Libya, Japan Crises
Only a year ago, Russia's dominance as a global energy supplier was threatened by low gas prices and a reputation as an unreliable trade partner. But with the world now shaken by Japan's natural disasters and uprisings across the Middle East, the country is back at the heart of the market – and cashing in.
Gazprom rushed to sell extra gas to European nations when their supplies from Libya ran dry during the escalating violence there. It will also gain from selling energy to Japan, where an earthquake and tsunami have shut down 12 gigawatts of nuclear capacity.
Gazprom said this week that it was willing to ship more gas to Japan and is now in talks with several power-generating companies such as Tokyo Electric to sell them liquefied natural gas. More

Bad news for Germany -- Good news for China:
March 25, 2011 --
Nuclear Moratorium 'Overly Hasty'
Helmut Kohl Weighs in on Reactor Debate
Former German Chancellor Helmut Kohl strongly disagrees with those who support a swift phase-out of nuclear energy in Germany.
Helmut Kohl, who as chancellor oversaw the opening of several nuclear power plants in Germany, has criticized Chancellor Angela Merkel's course reversal on atomic energy. He warns the government's decision to retreat on nuclear energy could "make the world a more dangerous place." More

March 25, 2011 -- world-nuclear-news
Fukushima Daiichi two weeks on
Tokyo Electric Power Company has been criticised over yesterday's exposure to workers operating in ankle-deep water, but continues to make progress towards stabilising the site two weeks after the natural disasters of 11 March.
The Nuclear and Industrial Safety Agency has told the company to improve its radiation monitoring and the controls protecting workers that are bringing systems back online at Fukushima Daiichi. More

March 24, 2011 --
U of M researcher uncovers another potential pathway for solar hydrocarbon fuels; microbial production of ketones, cracked to fuels
As part of a larger $2.2-million ARPA-E funded project on direct solar hydrocarbon fuels (earlier post), University of Minnesota graduate student Janice Frias (who earned her doctorate in January) has determined the biosynthetic mechanism by which a protein (OleA) transforms fatty acids produced by bacteria into ketones, which can be cracked to make hydrocarbon fuels. The university is filing patents on the process.
Direct solar fuel technologies typically utilize sunlight as an ingredient in chemical reactions, alongside microorganisms, to produce fuels such as liquid hydrocarbon. More

March 24, 2011 -- world-nuclear-news
USEC deals with Tenex for enriched uranium
US uranium enrichment company USEC has signed a multi-year contract with Russia's Techsnabexport (Tenex) for the ten-year supply of low-enriched uranium (LEU). The companies will also consider the construction of an enrichment plant in the USA using Russian technology.
Tenex will start supplying the LEU in 2013 under a contract signed yesterday More

March 24, 2011 -- upstreamonline
InterOil reserves up
Houston-based InterOil Corporation has revised its total oil and gas reserves at two of its Papua New Guinea fields upwards by 6%, the company has announced.
The increase, of 85.1 million barrels of oil equivalent came after a reduction of recoverable condensate, the company announced.
An independent evaluation by GLI Petroleum Consultants found InterOil had a best case estimate of contingent resources of 8.59 trillion cubic feet (Tcf) of natural gas and 128.9 million barrels of condensate (MMBbls) at the company’s Elk and Antelope fields in 2010, the company announced. More

March 24, 2011 -- upstreamonline
Panel blocks BP-Rosneft deal
UK supermajor BP and Russian giant Rosneft have been blocked by an arbitration panel from forming an alliance to explore for oil in the Russian Arctic and executing a $16 billion share swap.
News wires 24 March 2011 18:50 GMT
The ruling, by an arbitration tribunal in Stockholm today, handed a major victory to BP's billionaire partners in its Russian venture, TNK-BP. They argued that the deal between BP and state-controlled Rosneft violated their right of refusal on deals in Russia enshrined in TNK-BP's shareholder agreement. More

March 23, 2011 -- upstreamonline
Exillon finds Siberian oil
British-based, Russia-focused oil producer Exillon Energy has found oil at its West Siberian projects, the company has announced.
Drilling on the eastern part of the East EWS I field, Exillon’s EWSI-38 well located at least nine metres of net oil pay within the Jurassic P reservoir, which it hit at 1858 metres, two metres higher than previously thought.
After being spudded on 2 March, testing of the well is to be completed by mid-April. The well was drilled in 17 days on a turn-key contract for £800,000 ($1.3 milion.) More

March 23, 2011 -- world-nuclear-news
Fukushima faced 14-metre tsunami
Tokyo Electric Power Company has revised its estimated size of the earthquake and tsunami that hit the Fukushima Daiichi nuclear power plant.
This is the third upward revision of tsunami's scale since it disabled emergency power generators and heat removal pumps at Fukushima Daiichi on 11 March. The loss of these systems left units 1, 2 and 3 in severe trouble that has only stabilised after the write-off of the reactors, which are now being cooled by seawater injection. Some used fuel ponds at the site remain a serious concern and spraying to maintain water levels is ongoing.
In early statements, Tepco had said the tsunami was at least seven metres high. Later the company increased its estimate to ten metres at the Daiichi plant and 12 metres at Daini. Today's figures describe a 14-metre tsunami at both plants. By regulation, the Daiichi plant was fully prepared for a tsunami of up to 5.7 metres. At Daini, ten kilometres along the coast, the design basis was 5.2 metres. More

March 22, 2011 -- upstreamonline
Anadarko in $575.5m BP plant buy
Anadarko Petroleum said today it will buy BP's interest in a natural gas processing plant in Colorado for $575.5 million.
The Wattenberg plant, in the northeastern part of the state, has the capacity to process about 195 million cubic feet per day of natural gas and 15,000 barrels per day of natural gas liquids and gas condensate.
Upon closing, Houston-based Anadarko will operate and have 100% ownership of the plant. BP holds 93% of the Wattenberg plant and Anadarko's output accounts for 70% of the natural gas processed there, Reuters reported. More

Press Release (Mar 19,2011) -- Tokyo Electric Power Co.
Plant Status of Fukushima Daini Nuclear Power Station (as of 0:00 pm March 19th)
Unit Status
1 • Reactor cold shutdown, stable water level, offsite power is available.
• No cooling water is leaked to the reactor containment vessel.
• Maintain average water temperature at 100°C in the pressure restraint.
2 • Reactor cold shutdown, stable water level, offsite power is available.
• No cooling water is leaked to the reactor containment vessel.
• Maintain average water temperature at 100°C in the pressure restraint.
3 • Reactor cold shutdown, stable water level, offsite power is available.
• No cooling water is leaked to the reactor containment vessel.
• Maintain average water temperature at 100°C in the pressure restraint.
4 • Reactor cold shutdown, stable water level, offsite power is available.
• No cooling water is leaked to the reactor containment vessel.
• Maintain average water temperature at 100°C in the pressure restraint.

March 18, 2011 -- upstreamonline
US approves third deep-water drill permit
The US Interior Department said today it approved a deep-water drilling permit for ATP Oil & Gas , the third such permit cleared by the government for the Gulf of Mexico since the BP oil spill. More

March 18, 2011 -- Nicholas Ballasy -- (
More Drilling in U.S. is ‘A Problem, Not A Solution’ to Creating Jobs, Says Democrat Member of House Labor Subcommittee
Rob Andrews (D-N.J.) said that increasing oil drilling “off the coast” is “a problem, not a solution” to creating jobs in the United States. Andrews recommended that House Republicans bring legislation to the floor if they think more drilling will create jobs.
Appearing at a press conference with Rep. Debbie Wasserman Schultz (D-Fla.) on job creation, Rep. Andrews said, “I agree with my colleague and friend that drilling for oil off the coast is a problem, not a solution, but let’s get back to the main point here that if the Republicans really believe that was really a job-creating idea, why don’t they put it on the floor?” More
How many jobs have we created in Saudi Arabia & Venezuela? How many jobs have we lost in the Gulf?

March 17, 2011 -- IAEA
NEWS: International Atomic Energy Agency. Regular press releases on the Fukushima reactors. More

March 17, 2011 -- -- Press Releases
NEWS: Status of Fukushima Daiichi Nuclear Power Station by Tokyo Electric Power Co. More

March 17, 2011 -- BBC
Cable reaches Japan nuclear plant
Engineers at Japan's stricken Fukushima nuclear power plant have managed to lay a cable to reactor 2, the UN's nuclear watchdog reports.
Restoring power should enable engineers to restart the pumps which send coolant over the reactor.
Workers at Fukushima have been battling to prevent fuel in the reactors from overheating since Friday's magnitude 9.0 quake and subsequent tsunami. More

March 17, 2011 -- world-nuclear-news
A major struggle took place today to maintain cooling of used nuclear fuel at Fukushima Daiichi 3 and 4. Helicopters made water drops and large fire trucks showered the buildings. Initial indications are that the effort was successful.
While unit 3 was in operation when the earthquake struck on 11 March, and has been in trouble since the tsunami took out emergency diesel generators, unit 4 was fully shut down at that time and had appeared to remain safe until 16 March when an explosion led to fires. More

March 16, 2011 -- POWERnews
EPA’s Proposed “Toxic Air” Rules Could Cost Sector $10.9B a Year
The U.S. Environmental Protection Agency (EPA) today proposed what it described as the “first-ever” national standards for “toxic air pollution” from power plants. The new rules—which will replace the court-vacated Clean Air Mercury Rule (CAMR)—will require new and existing coal- and oil-fired plants to install pollution control technologies to curb emissions of mercury, arsenic, chromium, nickel, and acid gases.
.... According to the proposed rules, the EPA is also proposing to revise the new source performance standards (NSPS) for fossil-fueled generating units. This NSPS would revise the standards new coal- and oil-fired power plants must meet for particulate matter (PM), sulfur dioxide (SO2), and nitrogen oxides (NOx). More

14 March 2011 -- world-nuclear-news
Problems for units 3 and 4
UPDATE 5: 22.47pm GMT Addition of pond temperatures
Chief cabinet secretary Yukio Edano has described problems that occurred on the morning of 16 March with Fukushima Daiichi 3 and 4, as well as plans to pump water into unit 4. Controlling the situation of the used fuel storage ponds is the urgent priority now. More

14 March 2011 -- world-nuclear-news
The president can boast that he doubled the number of permits.
March 14, 2011 -- upstreamonline
US greenlights BHP Gulf re-start
Australia's BHP Billiton has been awarded the second new permit to drill in the Gulf of Mexico since the Macondo oil spill, the US Bureau of Ocean Energy Management has announced.
Reuters reported a BHP spokesman had confirmed the new permit has been issued for resumption of drilling of a production well at Shenzi.
"We are very pleased to be resuming work," the spokesman said.
The well was being drilled in waters 4234 feet deep, 120 miles off the Louisiana coast south of Houma, at the time BP's Macondo well blew out in April 2010. More

14 March 2011 -- world-nuclear-news
Loss of coolant at Fukushima Daiichi 2
Serious damage to the reactor core of Fukushima Daiichi 2 seems likely after coolant was apparently lost for a period.
Tokyo Electric Power Company announced earlier today that unit 2's reactor core isolation cooling system had failed after an increase in pressure in the containment vessel to some 700 kPa. More

14 March 2011 -- world-nuclear-news
Explosion rocks third Fukushima reactor
Another hydrogen explosion has rocked the Fukushima Daiichi nuclear power plant, this time at the third reactor unit. Initial analysis is that the containment structure remains intact.
The blast that occurred at 11.01am today was much larger than the one seen at unit 1 two days ago. An orange flash came before a large column of brown and grey smoke. A large section of the relatively lightweight roof was seen to fly upwards before landing back on other power plant buildings. More

14 March 2011 -- world-nuclear-news
Cold shutdowns at Fukushima Daini
Two more reactors at Fukushima Daini have now achieved cold shutdown with full operation of cooling systems. Engineers are working for the same at the last unit.
The power plant's four boiling water reactors stopped automatically on last week's earthquake. At unit 3 the shutdown appears to have gone exactly as expected, with no systems damaged by the huge earthquake or tsunami. It went from power production to cold shutdown - where coolant water is at less than 100ºC - in about 34 hours. More

March 13, 2011 -- world-nuclear-news
Efforts to manage Fukushima Daiichi 3
Operations to relieve pressure in the containment of Fukushima Daiichi 3 have taken place after the failure of a core coolant system. Seawater is being injected to make certain of core cooling. Malfunctions have hampered efforts but there are strong indications of stability. More

March 12, 2011 - 1.35 pm GMT -- world-nuclear-news
Battle to stabilise earthquake reactors
Attention is focused on the Fukushima Daiichi and Daini nuclear power plants as Japan struggles to cope in the aftermath of its worst earthquake in recorded history. An explosion has been seen at the site and seawater is now being injected to the plant.
Three of Fukushima Daiichi's six reactors were in operation when yesterday's quake hit, at which point they shut down automatically and commenced removal of residual heat with the help of emergency diesel generators. These suddenly stopped about an hour later, and this has been put down to tsunami flooding by the International Atomic Energy Agency (IAEA). More

March 12, 2011 --
Japan scrambles to stop nuclear accidents
TOKYO: Japan scrambled Saturday to prevent nuclear accidents at two atomic plants where reactor cooling systems failed after a massive earthquake, as it evacuated tens of thousands of residents.
Radiation 1,000 times above normal was detected in the control room of one plant, although authorities said levels outside the facility's gates were only eight times above normal, spelling "no immediate health hazard".
The two nuclear plants affected are the Fukushima No. 1 and No. 2 plants, both located about 250 kilometres (160 miles) northeast of greater Tokyo, an urban area of 30 million people. More

March 11, 2011 -- Bill Clinton: Offshore Drilling Delays 'Ridiculous'
Delays in offshore oil and gas drilling permits are “ridiculous” at a time when the economy is still rebuilding, former President Bill Clinton told attendees Friday at the IHS CERAWeek conference. Clinton spoke on a panel with former President George W. Bush that was closed to the media, Politico reported. There also was no video of the event.
Still, there were several attendees who confirmed to Politico that Clinton agreed with Bush on many oil and gas issues, including criticism of delays in permitting offshore since last year’s Gulf of Mexico spill.
“Bush said all the things you’d expect him to say” on oil and gas issues, said Jim Noe, senior vice president at Hercules Offshore and executive director of the pro-drilling Shallow Water Energy Security Coalition. But Clinton added, “You’d be surprised to know that I agree with all that,” according to Noe and others attending the conference who talked to Politico. More

March 11, 2011 -- world-nuclear-news
Massive earthquake hits Japan
Nuclear reactors shut down during today's massive earthquake in Japan. Work to stabilise three reactors at Fukushima Daiichi continues into the morning.
The magnitude 8.9 quake hit at 2.46pm, centred offshore of the city of Sendai on the eastern cost of Honshu island. Serious secondary effects followed including a significant tsunami causing widespread destruction. The quake comes just two days after one of magnitude 7.3 also offshore in the same general region.
The Japan Atomic Industry Forum (JAIF) issued a notice saying all reactors in the north-eastern part of Japan had shut down automatically. Japanese prime minister Naoto Kan made a statement on television in which he noted that there had been no early indication of any radioactive release. More

March 10, 2011 -- world-nuclear-news
Double attack on US nuclear waste fees
American utilities and regulators have both filed lawsuits against the Department of Energy (DoE) for continuing to charge for the halted Yucca Mountain project.
Funding for Yucca Mountain has come from a levy of 0.1 cents per kWh of nuclear power, which currently adds up to about $770 million per year. Nuclear utilities - and therefore their customers - have now paid a total of over $31 billion into the Nuclear Waste Fund.
The government was supposed to use this money to create a permanent nuclear waste disposal site by 1998. Around $7 billion was spent and much progress made, but Yucca was cut off from funding in May 2009 by President Barack Obama and energy secretary Stephen Chu. Spending on Yucca is now set at the absolute minimum level, while the $24 billion balance of the fund remains with the US Treasury earning substantial compound interest of over $1 billion per year. More

March 9, 2011 --
Oil rises as Gaddafi bombs infrastructure
Brent crude rose 0.5% towards $117 today after forces loyal to Libyan leader Muammar Gaddafi bombed oil industry infrastructure, inflicting what could be longer-term damage on the country's exporting capacity.
News wires 10 March 2011 04:02 GMT
Gaddafi's forces struck an oil pipeline leading to Es Sider and dropped bombs on storage tanks in the Ras Lanuf oil terminal area in the eastern section of Libya that is rebel-controlled. Rebels said government forces also hit an oil pipeline leading to Sidrah. More

March 9, 2011 -- Upstream -- News wires
* Namibia has two significant uranium mines capable of providing 10% of world mining output.
* Its first commercial uranium mine began operating in 1976.
* There is strong government support for expanding uranium mining and some interest in using nuclear power.

Uranium was discovered in the Namib Desert in 1928, but was not until intensive exploration got under way in the late 1950s that much interest was shown in Rossing. Rio Tinto discovered numerous uranium occurrences and in 1966 took the rights over the low-grade Rossing deposit, 65 km inland from Swakopmund.
Two other significant deposits found in early exploration were Trekkopje, a calcrete deposit 80km NE of Swakopmund and near Rossing, and Langer Heinrich, a calcrete deposit discovered in 1973 by Gencor, 80 km inland from Walvis Bay and 50 km southeast of Rossing.
Rossing Uranium Ltd was formed in 1970 (now 68.6% Rio Tinto, 15% Iran, 10% Industrial Development Corporation of South Africa, 3% Namibian government). More

March 9, 2011 -- Upstream -- News wires
JP Morgan ups Brent forecast
JP Morgan has revised its average forecast for Brent crude up by nearly 14% for the first quarter of the year as the supply-demand situation is expected to tighten on Libyan output losses.
"While we envisage spot Brent prices easing over the balance of the year toward $95 per barrel as refinery maintenance season progresses and producers maneuver to offset supply losses, there remains a smaller but significant chance that prices move toward $180 per barrel if supply disruptions increase," JP Morgan analysts led by Lawrence Eagles said in a note late on 25 February.
Reuters reported the bank increased its first-quarter Brent oil forecast to $108 a barrel, up from the previous $95. It also raised its first-quarter average forecast for US benchmark WTI crude prices by 3.2% to $96 a barrel. More

March 8, 2011 -- Upstream staff -- Luke Johnson
Hess warns of looming energy crisis
The US must act immediately to form a comprehensive and sustainable energy policy to prepare for the coming energy crisis, Hess chief executive Johns Hess said today.
“To sustain our economic growth and prosperity, we need a comprehensive long-term approach to energy,” he said at the Global Oil Plenary session at the CERAWeek conference in Houston. “We must act now.”
Growing oil demand is pushing the world towards crisis, he said, with a lag in investment hurting the industry’s ability to keep up with global energy needs.
“As demand grows in the next decade, we will not have the oil production capacity we will need to meet demand,” he said. “The $140 per barrel oil price of three years ago was not an aberration – it was a warning.”

March 8, 2011 -- Upstream -- News wires
Sasol snaps up $1bn Canada shale blocks
South African energy group Sasol said today it would pay C$1.05 billion ($1.08 billion) for its second shale gas interest in Canada in a move to expand its gas portfolio.
Sasol said it would buy a 50% stake in Talisman Energy's Cypress A acreage in the Montney basin in Canada, where the company also bought a stake in Talisman's Farrell Creek assets last year.
The 57,000 acres of land covered by Cypress A represent an estimated contingent resource of 11.2 trillion cubic feet of gas. More

March 7, 2011 -- Upstream staff
Foster Wheeler lands Saudi Aramco job
US engineering and construction player Foster Wheeler today it has signed an agreement with Saudi Aramco to provide the oil giant with general engineering services plus initiative for five years.
The agreement is together with a consortium of partners comprising A Al-Saihati, A Fattani & O Al-Othman Consulting Engineering Company, and Saudi Consolidated Engineering Company- Khatib & Alami. More

March 7, 2011 -- Upstream staff
Global bags McMoRan decommissioning gigs
Global Industries has bagged multiple projects by McMoRan Oil & Gas for the decommissioning and abandonment of seven production platforms in the central Gulf of Mexico.
The decommissioning campaign is scheduled to begin in late April and has a projected duration of 90 to 100 days.
The company said it will be using the DLB Hercules, a DP-2 equipped vessel with a crane capable of lifting 2000 tonnes. The 485-foot Hercules accommodates 269 personnel, and will be carrying out decommissioning and abandonment activities, which includes fourteen major lifts up to 1500 tonnes. More

Treason or ??
March 7, 2011 -- - Dan Berman & Darren Goode
Interior appeals oil drilling ruling
The Obama administration has fired another shot in the fight over the speed with which the Interior Department is — or isn’t — letting oil drillers resume work in the Gulf of Mexico after last year’s Deepwater Horizon explosion and oil spill.
The administration late Friday appealed a judge’s orders directing the department to act on several pending Gulf Coast deep-water drilling permits.
Gulf state lawmakers and the oil industry have accused the department of dragging its feet on the permits, enacting a de facto moratorium against new drilling, while the department has said it needs to ensure that safety and environmental protections are in place.
Friday’s appeal challenges rulings by U.S. District Judge Martin Feldman, who on Feb. 17 gave the department 30 days to make a verdict on five pending deep-water drilling permit applications. He later added two permits to that order.
Interior Secretary Ken Salazar hinted at the appeal during a Senate hearing Wednesday.

March 4, 2011 -- Upstream staff
Fraud licencing activist found guilty
An environmental activist has been convicted of defrauding the US government by submitting false bids to derail an auction of oil and gas drilling rights on vast tracts of public land in Utah.
Reuters reports a federal court jury in Salt Lake City deliberated nearly five hours before finding Tim de Christopher, 29, guilty of fraud and violations of the US Oil and Gas Leasing Reform Act, capping an unusual four-day trial.
De Christopher admitted posing as a private energy developer in December 2008 for a government "lease sale" auction, where he ended up offering the winning bids for 9105.4 hectares of Interior Department mineral rights valued at $1.7 million. More

March 4, 2011 -- Upstream staff
Equal expects stronger 2011
Canada-based oil explorer Equal Energy expects stronger production in 2011 following a steady 2010, the company has announced.
Equal found 10 million barrels of oil equivalent (MMboe) in proved and probable reserves at its Canadian projects and a further 29.1 MMboe in proved and probable reserves in Oklahoma, with an estimated value of C$469 million ($482 million).
In an announcement, the company said its reserves had grown during the year, with company chief executive Don Klapko saying the company had met its average production guidance in 2010. More

March 4, 2011 -- ( Nicholas Ballasy
Dale Earnhardt, Jr., on Chevy Volt: ‘The Technology Isn’t There Yet’
– NASCAR racer Dale Earnhardt Jr. said that Chevrolet’s “Volt,” a hybrid electric car, is a “good product” but the “technology isn’t there yet really to provide the consumer with something that can go a little further [in mileage] than that and do a little bit better job with that.” More

March 2, 2011 --
Explain Redactions in Yucca Mountain Safety Report, NRC Panel Tells Agency
The three-judge panel of the Nuclear Regulatory Commission’s (NRC’s) Atomic Safety and Licensing Board on Friday threw out a motion to shelve proceedings for the Yucca Mountain license case through May 20. The judges also asked the NRC to explain why it whited-out portions of a report assessing the safety of the Nevada nuclear waste repository that was released last week.
The judges said the panel would not keep the Yucca Mountain licensing case inactive because it intended to press on as quickly as possible with the case. The Las Vegas Sun speculated that the order could mean the licensing board would like to restart hearing on the repository. More

March 1, 2011 --
T. Boone Pickens' Extremely Bullish Energy Bets
T. Boone Pickens, the billionaire chairman of BP Capital LLC, talked about the impact of turmoil in the Middle East on oil prices and the need for new U.S. energy policy on Bloomberg Television's Surveillance Midday. He said that the world's spare capacity was shrinking to worrying levels that would give OPEC little ability to quickly meet demand, meaning that prices would have to climb high enough to stop people using more oil: More

Obama issues 1 (one) deepwater drilling permit
February 25, 2011 --
Obama issues first deepwater drilling permit
The Obama Administration approved a permit to drill a deepwater oil well in the Gulf of Mexico Monday, the first such permit issued since the BP disaster last spring.
The permit is for a Noble Energy well in Mississippi Canyon Block 519, approximately 70 miles south east of Venice, La., close to the spot where the BP rig sank.
"This permit represents a significant milestone for us and for the offshore oil and gas industry, More

February 25, 2011 --
Offshore drillers eye Brazil boost
Leading offshore drilling contractors expect deepwater demand to improve this year as an impending contracting move by Petrobras is likely to prompt other oil executives to secure rigs while they can.
Reuters reports Transocean expects a marked improvement in rig demand in the next few months on the belief that Brazil's state oil company will hire between four and eight of them.
On a call with analysts, Transocean vice president for rig marketing Terry Bonno said she did not think Petrobras was likely to change their strategy of contracting rigs.
.... The situation remains uncertain in the Gulf of Mexico, where regulators are still working out how to proceed after last year's drilling disaster, and Transocean said it was in talks to move a deepwater rig out of the region. More

Urgent message from New York City: Leave! Office buildings are no longer welcome!
February 25, 2011 --
Working to meet the commitment of reducing the City’s greenhouse gas emissions 30% by 2030, the Speaker and her colleagues in the City Council will complete a comprehensive legislative package to cut emissions that come from buildings. Nearly 80% of all greenhouse gases come from the roughly 950,000 buildings across the City. Today’s legislation addresses a critical component of creating a more environmentally friendly New York – bringing aging existing infrastructure into the 21st Century.
The bills being introduced today include:
Bringing the Past into the Future: Requiring owners of existing buildings over 50,000 square feet to make cost-effective energy efficiency improvements to their buildings once every ten years by conducting an audit, retro-commissioning, and retrofitting their building. More

February 25, 2011 -- world-nuclear-news
Kewaunee granted licence extension
The operating licence of Dominion's single-unit Kewaunee nuclear power plant in Wisconsin has been extended for an additional 20 years by the US Nuclear Regulatory Commission (NRC). The renewed licence for the 574 MWe pressurised water reactor will now expire on 21 December 2033. Dominion applied to the NRC for the renewal in August 2008. The NRC said, "After careful review of the plant's safety systems and specifications, the staff concluded that the applicant had effectively demonstrated the capability to manage the effects of plant aging and that there were no safety concerns that would preclude licence renewal." The Kewaunee reactor is the 62nd US reactor to have its licence renewed by the NRC.

February 24, 2011 -- world-nuclear-news
US public remains favourable to nuclear
Public support for nuclear energy in the USA remains high, with 71% of people saying they favour its use, according to the results of a new survey.
The telephone survey of 1000 US citizens was carried out between 10 and 13 February by Bisconti Research in conjunction with GfK Roper on behalf of the Nuclear Energy Institute (NEI).
The survey found that 89% of Americans agree that all low-carbon energy sources – including nuclear, hydro and renewable energy – should be taken advantage of to generate electricity while limiting greenhouse gas emissions. Just 10% disagreed. Some 84% of respondents said they considered nuclear energy "important" in meeting the USA's future electricity demands, while only 11% said it is "not important." More

February 21, 2011    --    We warned you:
Get ready for $4.00 gas - then $5.00 gas.

February 21, 2011 -- world-nuclear-news
Extract, Rio Tinto discuss Namibian tie-up
Extract Resources announced that it is in discussions with Rio Tinto over the potential joint development of the Husab uranium project with the neighbouring Rössing uranium mine in Namibia.
Having earlier rejected proposals from Rio Tinto for joint development of the Namibian projects, Extract has now said that it is holding the talks "with a view to capturing the significant potential synergies that could be generated from a joint development of the two projects."
In addition, Extract said that it was holding discussions with Kalahari Minerals, which holds a 41.1% stake in Extract, to "explore various options that might simplify the Extract/Kalahari shareholding structure." More

February 21, 2011 -- world-nuclear-news
Slow progress towards US use of MOX
While construction continues on a mixed oxide nuclear fuel plant at Savannah River, negotiations on where the fuel will be used remain in the early stages.
The $4.8 billion Savannah River MOX Plant is being built by Shaw Areva MOX Services to combine 34 tonnes of 'surplus' plutonium oxide with uranium oxide to create fuel for conventional power reactors. Russia is disposing of an identical amount of plutonium through a bilateral arms reduction deal that eliminates explosive fuel from some 17,000 unwanted nuclear weapons.
While finding a customer for the MOX is of course vital for America's plans, a lengthy trial and approval from the Nuclear Regulatory Commission is required before MOX can be used as routine in a commercial US reactor. More

February 18, 2011 --
Crude rises on Libya oilfield news
Brent crude rose over $2 a barrel today after a report that workers at an oilfield in OPEC-member Libya were on strike as violent unrest gripped the country.
Concern of oil supply disruption has bouyed prices as protests spread across the oil-producing Middle East and North Africa.
A strike had stopped output at Libya's Nafoora oilfield, Reuters quoted Al Jazeera as reporting.
Brent crude for April delivery rose $1.73 to $104.25 a barrel by 0803 GMT, after surging to as much $104.60, a 2 and a half year high.
On Friday, Brent settled at $102.52, its fourth-straight weekly rise.
US crude for March delivery rose $1.40 to $87.60 a barrel.
Libya exports around 1.1 million barrels per day, and on Sunday a tribal leader in the country threatened to cut the flow within 24 hours if a government crackdown on protestors continued. More

February 17, 2011 -- Bloomberg -- Holger Elfes and Oliver Suess
Munich Re Says Natural Disasters Tripled in Germany Since 1970
German insurers’ losses from natural catastrophes are rising as global climate change causes more inundations and storms, Munich Re said.
..... “Climate change is a fact,” Hoeppe said, adding that 2010 was the hottest year worldwide since records started, according to data from the National Aeronautics and Space Administration and the National Oceanic and Atmospheric Administration in the U.S. Higher temperatures are increasingly leading to extreme rainfall and storms.
European winter storm Xynthia, which swept across Portugal, Spain, France and Germany in February 2010, cost insurers about $3.4 billion, while the earthquake that hit Chile in the same month may have cost the industry $8 billion, according to estimates by Munich Re. That led to an increase in natural disaster claims last year by more than two-thirds to $37 billion, exceeding the annual average of $35 billion over the preceding 10 years, the reinsurer said last month. More
Global warming caused the worst winter storm and -- believe it or not -- the eathquake in Chile

February 17, 2011 -- DOI -- Kendra Barkoff , 202-208-6416
Interior Invites Public Input on Future Hardrock Mineral Development in Northern Arizona near the Grand Canyon
The Department of the Interior has prepared a Draft Environmental Impact Statement (EIS) and is seeking public comment on a proposal to withdraw lands in the Grand Canyon watershed that would affect uranium and other hardrock mineral development in that area.
The public is invited to provide input on four alternatives in the Draft EIS, including a no-action (no withdrawal) alternative, to help determine whether Federal lands should be withdrawn from location and entry under the 1872 Mining Law for 20 years, subject to valid existing rights.
.... A decision to withdraw the subject lands from location and entry under the Mining Law, subject to valid existing rights, would prohibit the filing of new mining claims in an area that has previously been open to location. If the land is withdrawn, previously-approved mining operations could continue under existing surface use authorizations and new operations on mining claims that pre-date the proposed withdrawal on July 21, 2009, could be developed only after a determination that the mining claims were valid as of that date. More
As our readers are aware much of the world supply of uranium is being taken by China Russia and Japan. If we eliminate coal, oil and uranium from our fuel supply we will pay dearly in the future.
In addition, wasting energy by growing corn for ethanol has created a global food shortage which will get worse if we require a higher percentage of ethanol in our gasoline.

February 17, 2011 -- Upstream
CNOOC Qld investment approved
State-owned China National Offshore Oil Corporation (CNOOC) has won approval from Australia's Foreign Investment Review Board to invest in a coal bed methane and shale gas exploration prospect in Queensland, its partner Exoma Energy has announced.
Under a farm-in agreement, CNOOC Gas & Power Group will pay at least A$50 million ($50.2 million) for a 50% stake in Exoma's five exploration permits in the Galilee Basin, covering 2.7 million hectares in the centre of the state.
The company also has options to take up a placement of 86.6 million shares at 31.5 cents each, worth about $27.3 million in total, as well as the same number of options also exercisable at that rate. More

February 16, 2011 -- world-nuclear-news
Peninsula signs uranium sales agreement
Following swiftly on the heels of the recent announcement of an expanded resource base at its Lance uranium projects in Wyoming, USA, Peninsula energy has entered into a sales agreement to supply 1.15 million pounds of U3O8 (442 tonnes U) to "one of the largest producers of energy in the US." The terms of the contract specify an "escalated fixed price" for the supply of a "fixed quantity and term." The weighted average price is said to be consistent with the average term price used in the project's pre-feasibility study. In a statement made in July 2010, Peninsula predicted "life of mine average C1 Cash operating costs of $14 per pound U3O8", and a net present value after tax of $162 million.
Peninsula recently announced an upgrade to the resource at the Lance projects, with some 33 million pounds of U3O8 (12,600 tonnes U) now identified. More

February 15, 2011 -- world-nuclear-news
Nuclear winner and loser in US budget
President Barack Obama has signalled continuing commitment to nuclear energy in a budget request for fiscal year 2012 that includes an increase in loan guarantees to help with nuclear new build and investments in nuclear R&D. But the proposals are less kind at the back end of the fuel cycle. More

February 15, 2011 -- Timothy Gardner (Reuters)
Obama admin divided over Canada oil sands pipe
The Obama administration is divided over a proposed pipeline that would ease U.S. reliance on oil from unstable regions but boost dependence on Canada's oil sands which are deemed environmentally unfriendly by green groups.
TransCanada Corp (TRP.TO), the company hoping to build the $7 billion-plus Keystone XL pipeline extension, expects the State Department to approve the project in the second half of 2011.
A U.S. decision had originally been expected in the first half of the year. The State Department would not immediately comment. More

February 15, 2011 --
Westinghouse wins Summer fuel contract
Westinghouse has been awarded a contract worth over $400 million to provide fuel fabrication services for the V C Summer nuclear power plant in South Carolina.
Under the long-term agreement with South Carolina Electric & Gas (SCE&G), Westinghouse will provide fuel fabrication services for the existing 966 MWe pressurized water reactor at Summer, as well as for two new AP1000 units planned there.
The first fuel delivery is scheduled to take place in 2012. The contract will run until 2033. More

February 11, 2011 --
30 U.S. legislators urge approval of controversial Keystone crude pipeline
A controversial pipeline that would ship Alberta oilsands crude to Texas refineries has won the support of 30 U.S. legislators, who say their country has waited too long to see the economic and national security benefits that would come from the proposed Keystone XL project.
"The Keystone XL project is a prime example of a critical private sector project delayed by a slow government bureaucratic process that is preventing the creation of thousands of jobs and millions of dollars in revenue," the politicians wrote in a letter to Secretary of State Hillary Clinton this week.
The project needs State Department approval, since it would cross the Canada-U.S. border, and various groups have been lobbying for and against the pipeline. More

"We do not now have a problem.... Inflation made here in the US is very, very low" - Federal Reserve Chairman Ben S. Bernanke, February 10, 2011

We know Bernake. He is not stupid. So, why is he lying?

February 9, 2011 -- POWERnews
Inhofe, Jackson Testify on Bill to Strip EPA of Power to Regulate GHGs
....Sen. James Inhofe (R-Okla.) and Environmental Protection Agency (EPA) Administrator Lisa Jackson were questioned by panels of the House’s Subcommittee on Energy and Power this morning as part of a discussion on draft legislation that seeks to strip the EPA of its authority to regulate greenhouse gases (GHGs). The legislative hearing’s witnesses also included other major players in the climate change regulatory debate, such as Texas Attorney General Greg Abbott.
Even before the hearing this morning, lawmakers had come out swinging. Rep. Waxman circulated a letter on Tuesday that George W. Bush’s EPA Administrator Stephen Johnson wrote in January 2008, which claimed climate science was settled and was possibly a danger to public health. The letter was sent six months before Johnson announced that the agency would continue to evaluate whether an endangerment finding was needed.
Inhofe countered the claim by pointing to a different statement Johnson made in July 2008, which suggested regulating GHGs under existing law would cause legal, economic, and technical problems. At the hearing he shot at the EPA: “EPA claims the Supreme Court forced it to act. Not so; the Supreme Court ruled that EPA possessed the discretion under the Clean Air Act to decide whether greenhouse gases endanger public health and welfare,” he said. “EPA was given a choice, and it made the wrong choice.” More

February 7, 2011 -- nationalelectricityforum
Coming: 2011 National Electricity Forum Overview
The 2011 National Electricity Forum (2011 Forum) is sponsored by the U.S. Department of Energy Office of Electricity Delivery and Energy Reliability and the National Association of Regulatory Utility Commissioners and is held annually in conjunction with the NARUC Winter Committee Meetings. The 2011 Forum is planned by the 2011 National Electricity Forum Working Group, which is an ad hoc volunteer group consisting of a broad cross section of stakeholder representatives.
The 2011 Forum will be held on February 16 and 17, 2011. More

February 4, 2011 -- world-nuclear-news
Peninsula upgrades Lance resources
Australia-based exploration company Peninsula Energy has announced a 31% increase in total resources at its Lance uranium projects in Wyoming, USA. The company has applied for a licence to mine the Ross project at the deposit.
Peninsula said that a further upgrade to the JORC-compliant resource estimate for the Lance uranium projects in Wyoming's Powder River Basin puts total resources at 33 million pounds U3O8 (12,700 tU). More

February 3, 2011 --
Diamond orders second drillship from Hyundai
Contract driller Diamond Offshore Drilling has exercised its option for a second ultra-deepwater drillship from Hyundai Heavy Industries.
Delivery of the $590 million vessel – the Ocean BlackHornet – is scheduled for the fourth quarter of 2013.
Diamond Offshore also has an option to purchase a third drillship from Hyundai by the end of the first quarter of this year.
Last month, Diamond ordered a similar drillship from Hyundai, the Ocean BlackHawk. More

February 3, 2011 -- -- Dan O'Connor
How Nuclear Fits into Obama's Ambitious Goal
The target which President Obama proposed in his State of the Union address – that 80% of the United States’ (US) energy would originate from clean sources by 2035 – sets the bar for near-term clean energy implementation absurdly high. But there is no real disappointment in failing to reach an unreachable goal, so long as significant progress is made toward it. Seemingly, how near the target (or how far off) we land depends on, more so than any other realistic strategy, badly-needed reform in the regulatory and financial systems associated with the nuclear industry. More

February 3, 2011 -- world-nuclear-news
US states move towards new nuclear
The Minnesota Senate has voted to lift a moratorium on the construction of new nuclear plants in the state. A bill seeking to lift a similar ban in the state of Kentucky is making its way to that state's Senate.
The Minnesota Senate adopted by 50 votes to 14 a bill that would see the repeal of the state's 17-year-old moratorium on the construction of new nuclear power plants.
Meanwhile, a bill introduced by Senator Bob Leeper has been passed by the Kentucky state Senate's Natural Resources and Energy committee. Senate Bill 34 calls for the repeal of the state's prohibition of the construction of new nuclear power plants More

February 1, 2011 -- world-nuclear-news
Record year for Kazakh uranium
Kazakhstan's annual uranium production has doubled since 2008, according to preliminary uranium production results released by national atomic company Kazatomprom.
The 17,803 tU produced by Kazakhstan in 2010 was nearly 30% up on the 14,020 tU produced in 2009 and double the amount produced in 2008. Uranium sales for the company, excluding subsidiaries and joint ventures, amounted to 9000 tU for the year, and revenue from uranium was also up by 30% on 2009 figures, Kazatomprom said.
At the end of 2010 Kazatomprom's portfolio of orders was worth about $17 billion, and the company expects net income for the year to be around 53 billion Tenge ($360 million), 24% up on 2009. The increase is attributed to the growth in uranium sales volume. More

January 31, 2011 -- world-nuclear-news
Advanced Candu completes design review
The pre-project design review of Atomic Energy of Canada Ltd's (AECL's) advanced version of its Candu pressurized heavy-water reactor - the ACR-1000 - has found no fundamental barriers to licensing the reactor design in Canada.
A vendor pre-project design review is a high-level assessment of a vendor’s reactor technology. It is an optional service provided by the Canadian Nuclear Safety Commission (CNSC) when requested by a vendor. This service does not involve the issuance of a licence and is not part of the licensing process.
The three-phase review is solely intended to provide early feedback on the acceptability of a nuclear power plant design, based on Canadian regulatory requirements and expectations. More

January 31, 2011 --
Brent nears $100 on Egyptian unrest
Brent crude closed in on $100 a barrel today on concern anti-government protests in Egypt could spark instability elsewhere in the Middle East and North Africa, a region that produces almost 40% of the world's oil.
Six days of unrest in Egypt has killed more than 100 people, rocked the Middle East and rattled global investors. Egypt is not a major oil producer but protests and demands for political change there come just two weeks after Tunisia's president was overthrown. Concern that oil-producing states in the region may face similar protests is supporting crude.
"The Egyptian situation looks to be the primary factor," said chief market analyst at CMC Markets, David Land. The market is reacting to "what this could mean in terms of stability for such a vital region for energy production," he added.
Brent rose as high as $99.97 a barrel, the highest price since 1 October 2008. Brent is trading almost $10 above US crude, which added 70 cents to trade at $90.04 a barrel today.
Brent oil is expected to briefly pierce $100 per barrel and touch $100.50, based on its wave pattern, according to Reuters analyst Wang Tao.
Concern that unrest could impact the flow of oil through Egypt from the Middle East to Europe underpinned price rises.
Egypt controls the Suez Canal and the Suez-Mediterranean pipeline, which between them moved over 2 million barrels per day of crude and oil products in 2009. More

January 28, 2011 --
Integrity test completed at Kudankulam
The first of two Russian-supplied 950 MWe VVER pressurized water reactors currently being built by Nuclear Power Corporation of India Ltd (NPCIL) at Kudankulam in Tamil Nadu state has moved closer to start-up with the successful completion of the integrity test of the reactor containment. More

January 27, 2011 -- -- Steve Everley
Why We Must Replace the EPA
Of all the government agencies that have become unnecessary barriers to job creation and economic growth, the Environmental Protection Agency is the worst offender.
Since its founding 40 years ago, the EPA has transformed from an agency with the original noble mission of protecting the environment into a job-killing, centralizing engine of ideological litigation and regulation that blocks economic progress. The EPA's current push to regulate greenhouse gases such as carbon dioxide, and thereby the entire American economy, is the latest and definitive proof that the EPA has gone well beyond its original mandate. More

January 26, 2011 --
2 Mich. Democrats propose billions more in tax incentives to encourage electric car sales
The day after President Obama called for popularizing electric cars in his State of the Union address, two Michigan Democrats proposed legislation that would spend billions more on incentives for consumers to buy them.
Rep. Sander M. Levin and Sen. Carl M. Levin are proposing to more than double the scope of a program that gives consumers $7,500 in tax incentives for buying plug-in electric vehicles such as the Chevrolet Volt and Nissan Leaf.
If consumers buy more pure electric cars and more manufacturers produce them, the expanded package of incentives could amount to as much as $19 billion in tax credits for consumers over the next 10 years. More
Incredible how lawmakers dare to waste taxpayers money.

January 26, 2011 -- editorial
State of the Union and the Energy Crisis.
Four devastating paragraphs and a few scattered sentences in President Obama's speech gives us a glimpse of his "energy policy". They assure our continued dependence on foreign oil and higher fuel prices.
President Obama is still adamant about climate change and alternate energy. He is willing to subsidize solar panel manufacturers even though after investing more then 500 million dollars four such projects have already failed.
He wants to "eliminate the billions in taxpayer dollars we currently give to oil companies. I don't know if - I don't know if you've noticed, but they're doing just fine on their own." He fails to note that much of their income comes from overseas.
He mentions working on a new a energy policy without including oil: "Some folks want wind and solar. Others want nuclear, clean coal and natural gas."
One of his goals is "to give 80 percent of Americans access to high-speed rail." - Whether they want it or not.
more                         Transcript of Address

January 21, 2011 --
Browner leaving as Obama energy adviser
President Obama's top adviser on energy and climate matters is stepping down, two White House officials confirmed Monday. The departure of Carol Browner underscores that there will be no major White House push on climate change, given that such efforts have little chance of succeeding on Capitol Hill.
Browner, a former Environmental Protection Agency administrator under President Bill Clinton, will be leaving the White House just as Republicans in Congress prepare to take on the Obama administration over global warming and the administration's response to the massive Gulf oil spill. more

January 21, 2011 --
Schlumberger beats the street
Oilfield services Schlumberger giant posted a higher-than-expected quarterly profit, boosted by strong demand in North America and the acquisition of a smaller rival.
Fourth-quarter profit rose to $1.04 billion, or 76 cents per share, from $817 million, or 67 cents per share, a year earlier.
Revenue rose 58% to $9.07 billion. more

January 21, 2011 -- The Associated Press
EPA approves more ethanol in fuel for cars
Nearly two-thirds of cars on the road could have more corn-based ethanol in their fuel tanks under an Environmental Protection Agency decision Friday.
The agency said that 15 percent ethanol blended with gasoline is safe for cars and light-duty trucks manufactured between 2001 and 2006, expanding an October decision that the higher blend is safe for cars built since 2007.The maximum gasoline blend has been 10 percent ethanol.
The fuel is popular in farm country because most ethanol comes from corn and other grains. It faces strong opposition, however, from the auto industry, environmentalists, cattle ranchers, food companies and others. Those groups say that using corn to make ethanol makes animal feed more expensive, raises prices at the grocery store and tears up the land. There have already been several lawsuits filed against the EPA — including one filed by automakers, boat manufacturers and outdoor power equipment manufacturers — since the agency decided to allow the higher blends for newer cars in October.
...."It seems like corn growers and the ethanol industry are the only real winners here," more
China's biggest non-state oil enterprise urged the National Development and Reform Commission (NDRC) to impose a ban on using corn to produce ethanol fuel.

Zhao Youshan, chairman of the Oil Flow Commission of the China General Chamber of Commerce, told the Beijing Times that they have submitted a letter to the NDRC in an attempt to ban corn-based ethanol production, because it has pushed up corn prices at home and turned China into a corn-importing country in the first half of this year from previously a corn-exporting country. more

January 20, 2011 -- Updated --
* India has a flourishing and largely indigenous nuclear power program and expects to have 20,000 MWe nuclear capacity on line by 2020 and 63,000 MWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
* Because India is outside the Nuclear Non-Proliferation Treaty due to its weapons program, it was for 34 years largely excluded from trade in nuclear plant or materials, which has hampered its development of civil nuclear energy until 2009.
* Due to these trade bans and lack of indigenous uranium, India has uniquely been developing a nuclear fuel cycle to exploit its reserves of thorium. more

January 19, 2011 -- -- Dan Molinski
Colombia, Peru Stock Exchanges Plan Corporate Merger
Colombia's and Peru's stock exchanges are planning a corporate merger that would be the first ever cross-border merger of stock markets in Latin American, the two exchanges said in a statement.
The statement, posted Wednesday on the website of Colombia's securities regulator, is separate from a planned integration of trading between the stock exchanges in Colombia, Peru and Chile slated to happen this year. However, the statement said the two plans will complement each other.
The two exchanges, the Colombian Stock Exchange and the Lima Stock Exchange, have already signed a memorandum of understanding for the merger, the statement said, but both boards still need to approve the final details. The merger is expected to close in the second half of this year. more

January 19, 2011 -- editorial
Dear President Trumka
We cannot cut back spending, keep our standard of living and reduce our deficit. We have to grow our economy. The countries you mention have achieved that with some of the most progressive energy policies in the world.
China has doubled its energy capacity in 10 years. It has 13 operating nuclear reactors, 23 under construction and at least 30 more planned. It has very little oil reserves but imports only 23% of the oil it uses. 58% of its oil imports come from the Middle East. more

January 19, 2011 --
Remarks by AFL-CIO President Richard L. Trumka
"America's Choices: Why the Conventional Wisdom Is Wrong" National Press Club
Good morning and thank you. I'm honored to stand beside firefighter Stan Trojanowski, who responded to a 9-1-1 call from the World Trade Center moments after the terrorist attacks in 2001. As America grieved, Stan returned to the scene day after day, first in the hopes of rescuing those trapped in the rubble, then to recover remains of those who had perished. more

January 18, 2011 --
Obama wants to shed rules that hurt job growth
President Barack Obama on Tuesday ordered a review of federal regulations with an eye toward getting rid of those that stifle job creation and hurt economic growth, a move aimed at both soothing anger over the government's reach and mending Obama's relationship with the business community.
The president signed an executive order telling federal agencies to look for rules that place an unreasonable burden on businesses. Specifically, Obama said any regulations must reduce uncertainty, be written in plain language, be built upon public participation, and identify the "least burdensome tools" for achieving the goals of the new government rules.
In an opinion column in The Wall Street Journal, the president also said he wants agencies to look for outdated regulations that make the U.S. economy less competitive. more

January 17, 2011 -- world-nuclear-news
Egyptian joint venture eyes nuclear contracts
As the expected launch of a tender for the construction of Egypt's first nuclear power plant approaches, two of the country's largest contractors have announced a joint venture to bid on nuclear power projects in Egypt and the Middle East.
Orascom Construction Industries (OCI) said that its newly-created joint venture with Arab Contractors "aims to benefit from recently announced regional investment programs in the nuclear power sector." more

January 17, 2011 -- W.V. Coal Association
Egg Farmers, Cattlemen Understand Importance of Spruce Mine
It’s not every day that egg farmers and cattlemen rise to the defense of a mountain-top coal mine in West Virginia. But that’s what appears to be happening as the Obama administration nears a decision on the fate of the mine.
Nearly two dozen industry groups – including the National Realtors Association, the American Road and Transportation Builders Association, the National Cattlemen’s Beef Association and, yes, the United Egg Producers – are urging the White House to stop the Environmental Protection Agency from yanking a water permit for a mountaintop-removal coal mining project in Logan County, West Virginia that would be one of the largest in Appalachia. more

January 16, 2011 --
UN atomic expert downplays China nuclear 'breakthrough'
China has become one of only a handful of countries that can reprocess spent nuclear fuel but is not yet capable of doing so on an industrial scale, a UN atomic expert said Monday.
Earlier this month, the China National Nuclear Corporation said it had achieved a significant "breakthrough" by developing a fuel reprocessing technology that will extend the lifespan of Beijing's proven uranium deposits to 3,000 years, from the current forecast of 50-70 years.
Experts said however that other countries already own such technology and it remains to be seen whether China will reprocess spent fuel on an industrial scale. more

January 16, 2011 --
Climate change: Rising waters threaten North Carolina
The sea that sculpted North Carolina's coast, from its arc of barrier islands to the vast, nurturing sounds, is reshaping it once again.
Water is rising three times faster on the N.C. coast than it did a century ago as warming oceans expand and land ice melts, recent research has found. It's the beginning of what a N.C. science panel expects will be a 1-meter increase by 2100.
.....Long before people were capable of such engineering, the sea and wind were shaping the Carolina coast. After the last Ice Age peaked 11,000 years ago, melting glaciers turned Pamlico Creek into Pamlico Bay, then into Pamlico Sound. more
NOTE: "the last Ice Age peaked 11,000 years ago" -- long before man polluted the earth.

January 2011 -- Report to the President
Deep Water -- The Gulf Oil Disaster and the Future of Offshore Drilling
National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling more

January 14, 2011 -- world-nuclear-news
Nuclear power a leader in safety
American oil and gas companies should bring in a self-regulation regime akin to that in nuclear power if they are to prevent safety lapses like the Deepwater Horizon blowout, said a Presidential report.
Drilling for oil in deep water carries inherent risks that need to be managed properly by government through regulation and by operators through proper practices and safety culture. Both of these need to be seriously strengthened and supplemented by a peer-led safety organisation for the oil and gas industry more

January 14, 2011 -- By Steve Goldstein, MarketWatch
BP PLC announced late Friday that it was swapping stock with Russia’s Rosneft, in a deal that cements the troubled oil giant’s ties to one of its most important countries.
U.S.-listed shares of BP climbed 3.6% Friday in anticipation of the deal, valuing the BP stock being handed over to Rosneft at around $7.8 billion.
BP already is a key player in Russia’s energy market through its 50% interest in TNK-BP; the country represented a quarter of BP’s output in the third quarter. more

January 14, 2011 -- sierraclub
Permit Nixed for Huge West Virginia Mountaintop Removal Coal Mine
In a huge victory for the Sierra Club and its allies, on January 13 the Environmental Protection Agency (EPA) revoked a water pollution permit for the Spruce No.1 Mine in West Virginia, one of the largest mountaintop removal coal mines ever proposed in Appalachia. Above, ralliers at the Appalachia Rising mobilzation in Washington, D.C., last fall.
In its decision, the EPA said Spruce No.1, which would have blown up more than 2,000 acres of mountains, would cause unacceptable damage to West Virginia rivers, wildlife, and communities. EPA Assistant Administrator for Water Peter S. Silva said the agency was employing a rarely used veto power because the mine would use "destructive and unsustainable" mining practices.
"The mine would have destroyed almost seven miles of streams" more
Seven miles of streams could be run through pipes.
How many people will loose their jobs & homes?
A huge loss for West Virginia and the US.

January 13, 2011 -- world-nuclear-news
Malaysia's nuclear company
A new company, Malaysia Nuclear Power Corporation, will spearhead planning the eventual deployment of nuclear power plants in the country.
In the Third Economic Transformational Program update speech made on 11 January, prime minister Najib Tun Razak outlined 19 projects of key national economic significance that are expected to lead to up to 67 billion ringitts ($22 billion) in investment and as many as 35,000 new jobs for the country. more

January 13, 2011 -- world-nuclear-news
Indian Oil teams up with NPCIL
Indian Oil Corporation Ltd (IOCL) and Nuclear Power Corporation of India Ltd (NPCIL) have signed a joint venture agreement for the construction of nuclear power plants in the country.
…. In a statement, IOCL said: "In its endeavour to be an integrated energy major and especially to partner low-carbon energy business, Indian Oil is steadfast in its commitment to partner India's energy security goals." more

January 13, 2011 -- DOW JONES -- John Donovan.
Shell Fears Yearlong Delay Of Alaska Drilling Program -FT
The head of Royal Dutch Shell PLC’s (RDSA, RDSA.LN) U.S. entity fears difficulties in gaining a federal air-quality permit will push back its long- delayed plans to drill in Alaska’s Artic waters by another year, the Financial Times reported online Wednesday.
“It’s a significant challenge to drilling in 2011,” Marvin Odum, president of Shell Oil Co., told the newspaper.
The U.K.-Dutch company is halfway through 10-year leases in Alaska but continues to struggle to move ahead with its $3.5 billion investment to drill in the state’s Beaufort and Chukchi seas. The plans have been dogged by environmental lawsuits and permit issues on top of calls for better spill prevention and containment capabilities following BP well disaster in the Gulf of Mexico last year. more

January 13, 2011 -- Renee Schoof -- McClatchy Newspapers
EPA vetoes mountaintop coal mine in West Virginia
The Environmental Protection Agency on Thursday blocked what would have been one of the largest mountaintop coal mines in Appalachia, saying it would have caused irreversible damage to nearby streams.
The EPA said it based its final decision to veto a previously granted permit for the Spruce No. 1 mine on the pollution that would have destroyed wildlife, polluted areas downstream and increased the water contamination risks for people who live in West Virginia's already heavily mined Coal River basin. The streams the veto protects — Pigeonroost Branch and Oldhouse Branch — are two of the last "high-quality" streams in the watershed, the agency said more

January 12, 2011 --
Obama’s Ultimate Betrayal
Welcome to 2011; another year for President Barack Obama, whose energy policies are dictated not from the White House but from Abu Dhabi and Riyadh.
Obama’s Christmas gift to the nation was the December announcement by the President himself to clamp down further on domestic oil and gas drilling. Welcome to the New Year where pump prices now average more than $3 per barrel.
.... Then there is the drilling in the deep-water Gulf of Mexico. Nearly three months after the Obama administration lifted its ban, oil companies are still waiting for approval to drill the first new oil well in the Gulf. In fact, the petroleum industry expects the wait to continue until the second half of 2011, and perhaps well into 2012.
.... Obama’s DOE must think America alone can make the Earth green. What the President seems to forget is the fact that China, India and Russia, along with a host of Third World polluters, are using coal and even wood furnaces to drive their industries. more

January 10, 2011 -- world-nuclear-news
Approval coming for new Brazilian reactors
Brazil's new minister of mines and energy, Edison Lobao, has stated that the government plans to give approval by the end of 2011 for the construction of four new nuclear power plants in the country.
Speaking to journalists, Lobao – who was previously minister of mines and energy between January 2008 and March 2010 under the government of former President Luiz Inacio Lula da Silva - said that approval for the new plants was required from the National Energy Policy Council (CNPE) more

January 6, 2011 -- world-nuclear-news
Chinese government approves reactor projects
China National Nuclear Corp (CNNC) has received governmental approval to begin preliminary work on four new nuclear power reactors: two at the existing Tianwan site in Jiangsu province and two at the new Xudabao plant in Liaoning province.
The approval came from the National Development and Reform Commission (NDRC) and should lead to the construction of Tianwan 3 and 4 (Phase II of the plant) and the first two units at Phase I of Xudabao.
At Tianwan, CNNC will construct two 1060 MWe Russian-supplied VVER-1000 pressurised water reactors, alongside the existing two such units at the site. more

January 6, 2011 -- world-nuclear-news
Uprates for Almaraz units
Following last year's approval for ten more years of operation, the two reactors at the Almaraz nuclear power plant are being uprated by 70 MWe to produce 1050 MWe each. Spanish reactors are granted ten-year operating licenses and those for Almaraz were renewed in June 2010. The power plant is jointly owned by Iberdrola with 53%, Endesa with 36% and Gas Natural Fenosa with 11%. Unit 1 has already been uprated, while unit 2 recently recieved permission from the Ministry of Industry, Tourism and Trade to reconnect to the grid at the new capacity towards the end of January. If the reactors continue to perform at their lifetime capacity factor of over 85%, the extra generation capacity should boost power output by over 1 TWh per year. more

January 5, 2011 -- world-nuclear-news
Permit for Nichols Ranch uranium
Uranerz has permission from the state of Wyoming to mine uranium at Nichols Ranch. Only approval from the Nuclear Regulatory Commission is outstanding.
Nichols Ranch is one of seven deposits located in the Wyoming portion of the Powder River Basin that together have uranium resources of 6060 tonnes, certified in line with the NI 43-101 standard. Yesterday Uranerz received a commercial permit to mine from the Wyoming Department of Environmental Quality. more

January 4, 2011 --
Ex-Shell president sees $5 gas in 2012
The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.
In an interview with Platt's Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases.
"I'm predicting actually the worst outcome over the next two years which takes us to 2012 with higher gasoline prices," he said. more

January 4, 2011 -- world-nuclear-news
Nuclear construction builds up
No power reactors were closed last year but some 13 construction projects were started, promising more than one new reactor per month around 2015.
New capacity entering commercial operation in 2010 amounted to 2839 MWe net (Russia's Rostov 2, India's Rajasthan 6 and China's Ling Ao 3 and Qinshan II-3), while South Korea's Shin Kori 1 was grid connected and should soon provide another 1000 MWe net on a commercial basis. The Phenix reactor in France was officially closed in February 2010, but this had ceased power generation in 2009 and is counted among that year's figures. more

January 4, 2011 --
Oil hits 27-month high
Oil prices rose to a 27-month peak as upbeat European and US manufacturing data and forecasts for cold weather reinforced optimism about economic and energy demand growth.
Manufacturing in the United States and Europe accelerated last month and growth in China and India slowed to a more sustainable level, helping to fuel a move by investors into riskier assets.
US crude oil for February delivery rose 17 cents to settle at $91.55 a barrel on Monday, its highest settlement since early October 2008, after earlier rising as high as $92.58, Reuters reported. more

Happy New Year!
We have a problem: We can’t cut spending enough to get us out of this mess. We have to increase income while reducing taxes. There is a solutionm:
1. Immediately stop making ethanol. Grow wheat instead of corn. Wheat can be sold overseas.
2. Immediately start a crash nuclear energy program. Westinghouse AP1000s are certified and can be up and running in five years.
3. Drill for oil. We should immediately start using our own oil and reducing imports. Billions of dollars and millions of jobs would be kept in the US.
4. Kill the health care bill. There were a number of better proposals. Revive one of them.
Make a deal with Americans: Raise the debt limit if and only if they agree to all of the above points.

Sounds impossible? Then get ready for the new energy economy and $5,00* gas:
Buy oil and gas stock now.
Don't buy a car too small for your family.
Wait for better Hybrid cars
Stay away from electric cars. Electric rates may go up faster than oil.
* My sister just paid $7.75 per gallon in England


Ignore this site at your peril!
Disclosure: This is not an investment site! Please do not ask us for financial advice. -- Publisher, editors and authors may be long or short at any time on stock of any company mentioned on this site.
Full disclosure: We are long or short on these securities

$6 gas? -- $5 is a real, near term probability. President Obama plans to tax gas to subsidize wind and solar. That should get us to $6 by next year.

Rebuild America!
Stop cap & trade, carbon tax & all subsidies
Guarantee energy bonds.

Fast track power plants: nuclear, wind, water, oil...
Produce more energy -- Export energy.
Stop making ethanol -- Export corn.
Stop Financial foreign aid -- Give away wheat not cash.

The Great Global Warming Scam:
Jun 2011 -- Earth may be headed into mini Ice Age
Apr. 2011 -- NASA: warming trends caused by sun
Oct. 2010 -- Hal Lewis: Global Warming is a Scam
Oct. 2010 -- CA finds 340% diesel pollution error
Aug. 2010 -- InterAcademy Council investigation
Aug. 2010 -- "nations could be wasting billions"
Feb. 2010 -- Jones: "no global warming since 1995"
Feb. 2010 -- China: problems with IPCC documents.
Jan. 2010 -- Himalayan glaciers are not melting.
Dec. 2009 -- Gore: (email) "was from 10 years ago"
2009 -- Carbon Markets are a Sham
2009 -- The Infamous HARRY_READ_ME file
March 2009 -- EPA supresses CEI critique
2009 -- East Anglia's Climatic Research fraud
2007 -- Holdren "Global warming is a misnomer,"
2007 -- NASA's Goddard calculation errors
2003 -- The Mann/NOA IPCC Hockey Stick Hoax
Bloomberg: Global warming caused the eathquake in Chile -- February 17, 2011

Proposed budget/fy/2012
Appendix Fiscal Year 2010

What could a $1 billion dollar bill look like?

World wide energy production is booming.
61 countries are building or planning to build nuclear power plants. Forget gold and silver -- Invest in global energy.
China National Nuclear Corporation and China Huaneng Group have started building the second 650 MWe Changjiang unit on Hainan island, due to be operational in mid 2015. (4 years)
Two more 700 MWe reactors under construction in India. They are expected to take 60 months to start-up, and a further six months to commercial operation. (5 years)
In the US "it is expected that 4-6 new units may come on line by 2018" (8 years)

China adding one coal power plant each week!

Nuclear Renaissance Blossoms -- Without the USA
This summer China surpassed the United States as the world's largest producer of energy. What was noteworthy, however, is not what China has accomplished over the past 10 years -- doubling its energy capacity -- but what it is planning for its future.
Under construction now in China are 23 nuclear reactors, many originally of American design. The Chinese are building four Westinghouse AP1000s -- a model our Nuclear Regulatory Commission has not even approved yet. On the drawing boards are at least 30 more projects. By 2020, China's nuclear complex will be more than half the size of the U.S.'s aging fleet of 104. more
October 2010 -- William Tucker -- American Spectator

October 30, 2010 "Whatever the outcome on Tuesday, we need to come together to help put people who are still looking for jobs"
October 25, 2010 "We don't mind the Republicans joining us. They can come for the ride, but they gotta sit in back."
October 25, 2010 Latinos should be saying: "we're gonna punish our enemies and we're gonna reward our friends who stand with us"
June 14, 2008 "If they bring a knife to the fight, we bring a gun,"
The Apollo Alliance
The Apollo Alliance is a powerful coalition of unions like the SEIU, along with “Social Justice” groups like ACORN and it’s myriad of underlings…(the largest radical group in America, with more than 400,000 dues-paying member families , and more than 1,200 chapters in 110 U.S. cities.)
The Alliance is united by their collective belief that America is a chief source of worldwide “environmental disruption, rising social inequity, and … fundamentalist anger.” Apollo Alliance’s endorsing organizations and partners include Greenpeace, the League of Conservation Voters, the Natural Resources Defense Council, the National Wildlife Federation, the Rainforest Action Network, the Sierra Club, the Union of Concerned Scientists, and, of course, ACORN. Apollo Alliance’s National Steering Committee and National Advisory Board members include, among others, Robert Borosage, Carl Pope of the Sierra Club, Julian Bond of the NAACP, Gerry Hudson of the Service Employees International Union, and U.S. Representative Jesse Jackson Jr. Apollo Alliance has also received strong support from the socialist Senator from Vermont, Bernie Sanders, and from Hillary Rodham Clinton. more..

"no more taxpayer-funded bailouts. Period."
President Obama signing financial reform measure. July 21, 2010
The goyernment has NO money! All epenses and bailouts are, directly or indirectly, paid for by taxpayers!
Thousands of Jobs available overseas
Management, Enginering, Sales, Marketing....
Electric cars are coming!
Save the planet! Use clean electric energy!
The truth. US electricity comes from:
"Fossil" fuel: 71.2%
        Coal: 48.7%
        Petroleum: 1.1%
        Natural Gas: 21.4%
"Green" fuel: 25.8%
        Nuclear: 19.7%
        Hydro: 6.1%
        Sun/Wind: 3%
AND, electricity is expensive!

Who's a__ gets kicked?
1. Seniors who invested in BP stock.
2. Seniors, when political pressure forces BP to halt dividends.
3. US workers when Gulf moratorium forces layoffs.
4. Americans who will be forced to import more oil.
5. Americans when Gulf rigs are moved elsewhere
and the winner is: Hugo Chavez!
Cleaning up an oil spill the right way:
The oil spill, which began on January 23, 1991, caused considerable damage to wildlife in the Persian Gulf especially in areas surrounding Kuwait and Iraq.[2] Estimates on the volume spilled usually range around 11 million barrels (462 million gallons or 1.75 billion liters);[3] the slick reached a maximum size of 101 by 42 miles (4242 square miles or 10860 km²) and was 5 inches (13 cm) thick in some areas. Despite the uncertainty surrounding the size of the spill, figures place it several times [4] the size (in gallons spilled) of the Exxon Valdez oil spill, and almost twice the size of the 1979 Ixtoc I blowout in the Gulf of Mexico.
The New York Times reported that a 1993 study sponsored by UNESCO, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates and the United States found the spill did "little long-term damage":

System for controlling & rationing your home energy use. Big brother is watching you taking a shower
System and method for residential emissions trading
Patent number: 6904336 -- Franklin D. Raines et al
Assignees: Fannie Mae, (US);, (US)

Ten-question test concerning
AGW (Anthropogenic Global Warming).

Can you pass the test?

Basics of Global Control through Climate Control:
Global Governance: Agenda 21
UN Department of Economic and Social Affairs
Division for Sustainable Development
Rio de Janerio, Brazil, 3 to 14 June 1992.
Agenda 21 - text

Global Energy: Kyoto Protocol
UN Framework Convention on Climate Change
adopted in New York on 9 May 1992.
Kyoto Protocol - text

Britain Goes Berserk
November 25, 2009 --
Climate change poses a "real and present danger" to the immediate health of millions of people, Andy Burnham, the Health Secretary, has warned.
His comments came as a series of reports suggested that tens of thousands of lives a year could be saved in Britain alone by cutting greenhouse gas emissions.
The warning comes less than a fortnight before international leaders are due to meet in Copenhagen for crunch climate change talks.
Cutting animal farming by a third could significantly reduce emissions and save around 18,000 lives a year in Britain because of the resultant drop in cases of heart disease if people eat less red meat, scientists estimate.
Another 5,000 early deaths from lung problems and other conditions could be prevented by better home insulation and reducing the use of carbon based fuels.
Reducing our dependence on cars could improve also health, as well as lower emissions, the studies found.
Switching to walking instead of driving for many journeys could also cut deaths from heart disease by up to 4,200 cases a year.
The move could also save around 200 deaths a year each from dementia and breast cancer.
Good advice but it has nothing to do with greenhouse gas emissions. Also, add:
Ban alcohol. Making ethanol instead would save thousands of accidents and lives.
Water vapor is a greenhouse gas. Ban hot or warm showers.

November 10, 2009 -- Chelsea Schilling -- WorldNetDaily

Waxman-Markey Bill:
Sen. Maria Cantwell confirmed that the Cap & Trade bill would send $1.4 trillion overseas in so-called "international offsets."
We have to ration health care for seniors, leave 25 million uninsured but can borrow and send $1.4 trillion overseas.
Is this insanity or treason?

World will 'cool for the next decade'
09 September 2009 by Fred Pearce
FORECASTS of climate change are about to go seriously out of kilter. We could be about to enter one or even two decades of cooler temperatures, according to one of the world's top climate modellers.
"People will say this is global warming disappearing," Mojib Latif told more than 1500 climate scientists gathered at the UN's World Climate Conference in Geneva, Switzerland, last week. "I am not one of the sceptics. However, we have to ask the nasty questions ourselves or other people will do it."
Few climate scientists go as far as Latif, an author for the Intergovernmental Panel on Climate Change and a climate physicist at the Leibniz Institute of Marine Sciences at the University of Kiel, Germany. Yet many now agree that the short-term prognosis for climate change is less certain than once thought. more

October 06, 2009
U.S. Blocks Oil Drilling at 60 Sites in Utah
The Department of the Interior has frozen oil and gas development on 60 of 77 contested drilling sites in Utah,
Reasons included possible damage to the habitat of sage grouse, which is being considered for endangered species protection, and to avoid dust and noise pollution associated with drilling operations.
Jobs killed:
Engineering - determining hole locations
Construction - Access roads Onsite offices & storage
Manufacturing - Drill rigs Pipes & fittings Drill bits
Office - On-site & headquarters
Government - Site inspectors
Food service - On-site meals
Housing - Housing for new employees
Trucking -- Crude to refinery
Retail - Sales to new employees
Taxes & royalties lost
Lease income
Corporate income taxes
Employee income taxes
Employee sales taxes
Sales taxes on petroleum products
Thousands of potential jobs are killed through government regulations and restrictions.
Many existing jobs will be lost through the coming health care and cap & trade bills.
Be ready when the next energy & economic crisis strikes.

Nanci Pelosi's Cap & Trade Bill:
"I'm trying to save the planet" -- Nancy: July 29, 2009
Nancy: Read the bill!
It sells licenses to pollute. It is terrible for the environment!

It is just another special interest pork bill!
Creates jobs? Yes government jobs paid for by taxpayers!
Experts: Carbon Tax needed and NOT Cap-and-Trade Emission Trading Scheme (ETS)
Scientists, economists and writers variously argue strongly FOR a global Carbon Tax that will directly put a price on greenhouse gas (GHG) pollution and enable urgently required rapid transformation to a non-carbon economy.
They argue AGAINST carbon pricing based on a Kyoto Protocol-based Cap-and Trade Emissions Trading Scheme (ETS)
Among the people who prefer carbon-based taxes over cap-and-trade are:
Al Gore - Former US Vice President and Nobel Laureate
James Hansen - Professor; Head, NASA Goddard Institute
Jonathan Leake - editor of the UK Sunday Times.
William Nordhaus - Professor; Economics, Yale University.
Jacqueline McGlade - Professor; European Environment Agency,
Daniel M. Kammen, - Professor; University of California.
Barry Brook - Professor; University of Adelaide, Australia.
Dr Robert J. Shapiro - Chair, U.S. Climate Task Force
Joseph Stiglitz - Professor; 2001 Economics Nobel Laureate
Greenpeace - leading global environment protection organization

Chris Williams -- Socialist Worker
Worse than no bill at all
"the climate bill making its way through Congress is more focused on preserving corporate profits than the environment."
While much has been made of the bill's promise to cut 17 percent of CO2 emissions by 2020, the baseline has been changed from 1990 (when the baseline for Kyoto began) to 2005. Therefore, in the best-case scenario--i.e., if the system actually works like it's supposed to--this represents just a 4 percent reduction of U.S. emissions from 1990.   more

July 8, 2009
The G8 meeting:
Rich nations sought to persuade China and India to cut greenhouse gas emissions
Al Gore: "If the United States leads, China will follow"
Obviously the Chinese are smarter and more honest than Al Gore.

Real Clear Government.
Where is the transparency we were promised?

In March of 2009 The Environmental Protection Agency (EPA) drafted a 98-page report that warned against making hasty "decisions based on a scientific hypothesis that does not appear to explain most of the available data."
March 17, 2009. Al McGartland, an EPA official, sent an e-mail message to the authors stating "The administrator and the administration has decided to move forward... and your comments do not help the legal or policy case for this decision."
April 17, 2009. The EPA issued an endangerment finding, saying that global warming poses a serious threat to public health and safety. Much of the findings were based on information gathered by other agencies as well as on the IPCC Plenary reports written in 2007.
June 26, 2009. The Competitive Enterprise Institute released the draft of the "internal study on climate science which was suppressed by the Environmental Protection Agency."
Write or call your representatives. Demand that they read the report before the cap and trade bill is adopted.
    draft copy of report     CEI transmittal
Energy Tax Facts
The Markey-Waxman "Cap-and-trade" Energy Tax bill, in the current form being considered by the House Energy and Commerce committee, would have the following catastrophic effects by 2035:
1. Reduce aggregate gross domestic product (GDP) by $9.6 trillion annually;
2. Destroy 1,105,000 American jobs per year on average, with peak years seeing unemployment rise by over 2,479,000 jobs;
3. Raise electricity rates 90 percent after adjusting for inflation;
4. Raise inflation-adjusted gasoline prices by 74 percent;
5. Raise residential natural gas prices by 55 percent;
6. Raise an average family's annual energy bill by $1,500 annually; and
7. Increase inflation-adjusted federal debt by 26 percent, or $29,150 additional federal debt per person, again after adjusting for inflation.
Source: Heritage Foundation
May 5, 2009
Please tax us!
According to the latest energy bill (H.R.2454) the government intends to set up a system to control carbon emission through "Cap and trade".
Each year the government would issue your company (you) a permit to emit a fixed amount of carbon. You will not be allowed to exceed your permitted amount. If you reduce the amount of carbon you emit you will be allowed to sell the excess allowance you have received. If exceed your allowance, you will be able to buy an additional allowance from the companies who have cut down their emission. You will also be able to buy allowances from companies that specialize in carbon reduction.
A government department will measure and track your carbon emission as well as control your allowances all trades.
An alternative to "cap and trade" is the carbon tax. You are taxed on the amount of carbon you emit. The government would still have to measure the pollution produced and tax accordingly.
Please make it simple and clear! Tax all fossil fuels. If we use more fuel we emit more carbon and pay more. If we become more efficient we use less fuel and pay less, The system is already in place. You (The government) can start collecting the additional tax almost immediately and we (the taxpayers) will see where the money is spent.

Energy divided by taxes and regulation equals jobs

"the government is not the solution to our problems,
the government IS the problem!"

Ronald Reagan

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