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June 26, 2012 -- Bloomberg News
Bankruptcy
Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete.
Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said today in a statement. It plans to file for bankruptcy protection in Wilmington, Delaware, next week. more

June 26, 2012 -- msnbc.msn.com
Shell Is Likely to Receive Permits for Oil Drilling Off Alaska

Interior Secretary Ken Salazar said Tuesday that it was “highly likely” that the agency would grant Shell permits to begin drilling exploratory wells off the North Slope of Alaska as early as next month.
Mr. Salazar, while acknowledging that the Arctic presented unique environmental and safety challenges for oil and gas operations, said he was confident that Shell would meet the Interior Department’s new standards for offshore drilling. more

June 26, 2012 -- msnbc.msn.com
Federal court upholds EPA's global warming rules

A federal appeals court on Tuesday upheld the first-ever regulations aimed at reducing the gases blamed for global warming, handing down perhaps the most significant decision on the issue since a 2007 Supreme Court ruling that greenhouse gases could be controlled as air pollutants.
The rules, which had been challenged by industry groups and several states, will reduce emissions of six heat-trapping gases from large industrial facilities such as factories and power plants, as well as from automobile tailpipes.
A three-judge panel of the U.S. Court of Appeals in Washington said that the Environmental Protection Agency was "unambiguously correct" in using existing federal law to address global warming, denying two of the challenges to four separate regulations and dismissing the others. more

text of decision

A win for the global warming cult - Another loss for America and American jobs.

June 26, 2012 -- world-nuclear-news.org
Economic benefits from UK nuclear plans
A report for EDF Energy has put some figures on the benefits to the UK economy that could flow from the company's plans for new nuclear power plants.
The report by the Institute for Public Policy Research (IPPR) takes the UK's longstanding lack of infrastructure investment as its starting point. It notes that public and private investment in British roads, rails and power plants has lagged behind that of many similar countries in recent decades. This longstanding issue has combined with the planned retirements of 12 GWe of fossil and 7.1 GWe of old nuclear power plants by 2020 to mean the country faces a potential power generation shortfall. more

June 25, 2012 -- thenewamerican.com
Lord Monckton Blasts UN Global Agenda; Expresses Optimism
Lord Christopher Monckton told The New American in an exclusive interview Saturday that the United Nations' Rio+20 conference that concluded the day before was not about saving the planet from environmental devastation or about eradicating poverty. Instead, he said, it was about shackling the planet under a global government. He also optimistically stressed that the "pointy heads here in Rio" have failed despite their declaration of success and that "the game is up."
....At Rio+20, Monckton noted, "They were still effectively talking about a mechanization for setting up a global government so that they could shut down the West, shut down democracy, and bring freedom to an end worldwide." more

June 21, 2012 --
US opens new areas of Gulf of Mexico to drilling
The US government offered up new areas of the central Gulf of Mexico for drilling for the first time since the 2010 BP oil spill and received $1.7 billion in winning bids, officials said Wednesday.
Environmental groups tried to block the long-awaited sale by filing a lawsuit Tuesday arguing that it will endanger the already damaged ecosystem. more

June 20, 2012 -- thenews.com.mx
UK minister: Mexico is the next big thing
Britain to increase investment, trade
On a visit to Mexico during the G20 summit meeting in Los Cabos, U.K. Minister of State for Trade and Investment Lord Green said on Tuesday that Britain has neglected Mexico and paid too much attention to other emerging economies, but plans to change that.
Mexico’s ranking in the World Bank’s ease of doing business index is way higher than Brazil’s, and yet Brazil gets more attention in the British public mind than Mexico does. There are things that we, the British, need to put right,” said Lord Green, at an event organized by the British Chamber of Commerce, the British Embassy and COMCE, a Mexican foreign investment advisory council. more

June 15, 2012 -- washingtonpost.com
U.S. will stop deporting some illegal immigrants who came here as children
President Obama said Friday his administration would stop deporting some illegal immigrants who were brought to the country as children and have gone on to be productive and otherwise law-abiding residents, forcing the emotional immigration policy debate into the forefront of the presidential campaign.
Obama described his decision as the right thing to do for the American people, but many Democrats and immigration advocates also saw it as the right strategic move to boost his reelection chances. more

right thing to do for the American people? -- The deferred action program may add as many as 800,000 people to the US workforce. It has been hailed by aliens and condemned by unemployed young people.

June 14, 2012 -- huffingtonpost.com
Obama Trade Document Leaked, Revealing New Corporate Powers And Broken Campaign Promises
A critical document from President Barack Obama's free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises.
… Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings. read more

Trans-Pacific Partnership (TPP) Investment Text

June 14, 2012 -- Public Citizen
FR: Lori Wallach and Todd Tucker, Public Citizen’s Global Trade Watch
RE: Public Interest Analysis of Leaked Trans-Pacific Partnership (TPP) Investment Text
After more than two years of negotiations under conditions of extreme secrecy, on June 12, 2012, a leaked copy of the investment chapter for the Trans-Pacific Partnership (TPP) trade agreement was posted at http://tinyurl.com/tppinvestment. Public Citizen has verified that the text is authentic.
.... Although TPP has been branded as a “trade” agreement, the leaked text shows that TPP would limit how signatory countries may regulate foreign firms operating within their boundaries, with requirements to provide them greater rights than domestic firms. The leaked text reveals a two-track legal system, with foreign firms empowered to skirt domestic courts and laws to directly sue TPP governments in foreign tribunals. There they can demand compensation for domestic financial, health, environmental, land use laws and other laws they claim undermine their new TPP privileges. read more

June 14, 2012 -- world-nuclear-news
Plans advance for US reactors in India
Westinghouse and GE-Hitachi are working towards reaching agreements with Nuclear Power Corporation of India Ltd (NPCIL) for preliminary licensing and site development work for the proposed construction of AP1000 and ESBWR reactors in India.
Westinghouse announced that it had signed a memorandum of understanding (MoU) with NPCIL agreeing to negotiate an early works agreement (EWA) for the construction of up to six AP1000 units at the Mithi Virdi site in the Saurashtra region of Gujarat. Westinghouse said that the MoU "represents significant progress toward the realization of the India-US Civil Nuclear Agreement signed in 2008." read more

June 13, 2012 -- heritage.org
Morning Bell: Auto Bailout Was Really Just a UAW Bailout
President Obama told the United Auto Workers (UAW) in February not to listen to critics of the auto bailout who said union members “made out like bandits—that saving the auto industry was just about paying back the unions.” “Really?” Obama said. “I mean, even by the standards of this town [Washington], that’s a load of you-know-what.”
New research from Heritage labor economist James Sherk proves that it was, in fact, a load of truth.
The Treasury Department estimates that taxpayers will lose $23 billion on the auto bailout. Sherk and co-author Todd Zywicki find that none of these losses came from saving jobs, but instead went to prop up the compensation of some of the most highly paid workers in America. They write:
"We estimate that the Administration redistributed $26.5 billion more to the UAW than it would have received had it been treated as it usually would in bankruptcy proceedings. Taxpayers lost between $20 billion and $23 billion on the auto programs. Thus, the entire loss to the taxpayers from the auto bailout comes from the funds diverted to the UAW." read more

June 12, 2012 -- world-nuclear-news
Latest Chinese nuclear milestone
Yangjiang 3 is the latest Chinese nuclear power reactor to see the emplacement of its containment dome.
China Guangdong Nuclear Power Corporation (CGNPC) reported the major lift, which took took only 76 minutes to carry out, on 9 June. The company is leading the construction of the Yangjiang plant, which is planned to eventually feature six reactors using the CPR-1000 technology. It will be operated by the Daya Bay Nuclear Power Operations and Management Company - a joint venture with Hong Kong's China Light and Power. The company already manages the Daya Bay, Ling Ao and Ling Ao Phase II nuclear power plants read more

June 12, 2012 -- foxnews.com
Will a Republican save Obama’s War on Coal?
As I wrote here on Fox News Opinion, the states in the Eastern region are headed for a significant spike in electricity prices thanks to Obama’s disastrous regulations, foremost among them Utility MACT. The Midwest, even more heavily reliant on coal-fired power plants, will be hit even harder. A reprieve could come in the form of Senator Jim Inhofe’s S.J. Res 37, which would overturn Obama’s most expensive anti-coal regulations. read more

June 12, 2012 -- upstreamonline.com
Oil down on euro worry
Oil prices tumbled 3% on Monday, with US crude at its lowest for the year as fears that the eurozone debt crisis will engulf more countries and threaten petroleum demand reversed a rally sparked by Europe's plan to rescue Spanish banks.
Also pressuring prices, top exporter Saudi Arabia said the Organisation of Petroleum Exporting Countries may need to raise oil output targets at its Thursday meeting in Vienna.
With Brent crude down sharply from a 2012 peak above $128 a barrel in March, the Saudi position puts OPEC's top producer at odds with other cartel members that favour reduced production to stem a supply glut. read more

June 12, 2012 -- upstreamonline.com
The US Environmental Protection Agency went after oil and gas producers more aggressively under former president George W Bush than under current president Barack Obama, according to a report.
An analysis by the Associated Press of EPA enforcement data runs counter to Republican claims that the oil and gas industry has been in the crosshairs of Obama, a Democrat, since he took office more than three years ago. read more
AP is only counting enforcement actions. Not regulations.
The EPA is only one of the regulators. They did not stop the Keystone. Obama did.

June 12, 2012 -- upstreamonline.com
Occidental, Magellan consider Permian-Gulf pipeline
Occidental Petroleum Corporation and Magellan Midstream Partners LP are seeking potential customers for a proposed oil pipeline running from the Permian basin in West Texas to the Gulf Coast.
The BridgeTex Pipeline would carry up to 278,000 barrels per day to Texas City from Colorado City, Texas, and require about 400 miles of new pipelines and an expansion by Magellan of its distribution system between East Houston and Texas City.
"Interested customers must submit binding commitments by 11 July, 2012," said a jointly issued statement on Monday by Magellan and Occidental, which is a major Permian producer. read more

June 8, 2012 -- mediaite.com
"We've created 4.3 million jobs over the last 27 months; over 800,000 just this year alone. The private sector is doing fine." -- President Obama
read more         check the facts

June 8, 2012 -- Fred Thompson's America
The Wisconsin Question: Do We Really Mean It?
Wisconsin Gov. Scott Walker’s victory in avoiding a recall is the most encouraging political event to happen in this country since the 2010 Congressional elections. Back then, remember, it wasn’t just conservatives or Republicans who showed Democrats – and a few Republicans – the door for their fiscal irresponsibility and support of Obama’s policies. There was widespread repudiation, and it gave control of the House to Republicans.
....the inevitable chickens are coming home to roost and the taxpayers have evidently had enough. They are finally asking why public employees have a better, and virtually guaranteed, financial package than the average private-sector worker. Now we’re seeing the results at the ballot box in Wisconsin and in municipalities such as San Jose, California, where pension reform has been voted in. read more

June 7, 2012 -- world-nuclear-news
China National Nuclear Power Company (CNNPC) - a major player in China's nuclear industry - is planning an initial public offering (IPO) of its shares on the Shanghai Stock Exchange. The listing would provide funds for investing in new nuclear power plant projects.
CNNPC was formed in late 2011 as part of the restructuring of state-owned parent China National Nuclear Corporation (CNNC). It is responsible for operating CNNC's existing nuclear power plants and for constructing new ones. CNNPC currently operates nine nuclear power reactors with a combined capacity of 6.49 GWe, with a further ten units under construction with a capacity of 10.28 GWe.
The company has yet to disclose the size or timing of its IPO, but said that the money raised from it would be used to fund five nuclear power projects worth some 173.5 billion yuan ($27.3 billion). read more

June 7, 2012 -- Against All Enemies
Minutes from Closed-Door Meeting on Rio+20
Here are some highlights from the Confidential minutes of a United Nations (UN) meeting in preparation for the upcoming Rio+20 conference. (The Secretary-General of Rio+20, Mr. Sha Zukang, was in attendance.) As you read through these statements, think about many of the policies being enacted within our own nation that support the UN's vision of sustainable development. Also consider the United Nations' desire to create a structure for world governance, with its own economic system, government, policies, and control. Note particularly how they seek the strengthening of regional organizations (Arab League, African Union, etc.) to assist the UN with expanding its control over the planet.
"[Mr. Sha] stressed that the primary objective of the Conference was to renew political commitment for sustainable development, through an analysis of the progress and gaps in implementing existing commitments, and addressing new and emerging challenges around its two themes--a green economy in the context of poverty eradication and sustainable development, and the institutional framework for sustainable development." read more

Rio+20 Portal -- Building the Peoples Summit Rio+20

Minutes of closed-door retreat on Rio + 20 ambitions

June 2, 2012 -- Delphi
Employment facts
TotaNumber employed rose by 422 from April to May. While employment has been rising slowly at 142,287,000 it is still lower than when President Obama took office.
Unemployment was 8.1%% in April and rose to 8.2% in May in spite of the fact that people loosing their unemployment insurance are no longer counted as unemployed
Employment & Population Ratio. Roughly 63% of the population was employed until June of 2007. It has steadily declined since then. In May of 2012 it was 58.6%. Only Slightly higher then the low of 58.2% hit in November of 2010. Read more

May 31, 2012 -- Steve Marshall, News Wires
Pair of Iraqi blocks awarded
Russian privately-owned oil giant Lukoil and Pakistan Petroleum have each been awarded blocks in the second day of bidding in Iraq’s fourth licensing round, with a new round already in the pipeline, according to a report.
Lukoil and Japanese partner Inpex secured the 5500 square-kilometre Block 10 with oil potential in Muthanna and Dhi Qar provinces in the south, which executives had expected to attract bids in an auction where investors have generally shied away, Reuters reported.
Pakistan Petroleum won gas Block 8 in Diyala and Wasit provinces in eastern Iraq. read more

May 30, 2012 -- upstreamonline.com
Chesapeake hawks Woodbine acreage
Chesapeake Energy is selling more than 57,000 net acres of leasehold in the oil-rich Woodbine play in East Texas as the company continues its push to shed assets and raise cash to plug a massive funding gap.
The acreage, which includes producing wells, lies directly under the Eagle Ford shale and on top of the Buda Limestone, according to a prospectus posted on the website of Meagher Energy Advisors, which is advising Chesapeake on the sale. Both those formations are considered additional target reservoirs. read more

May 30, 2012 -- world-nuclear-news.org
Germany moves to bolster grid
Germany has announced plans to upgrade and expand its electricity grid over the next decade in order to help renewable energy sources fill the gap left by its phase-out of nuclear power. An investment of some €20 billion ($25 billion) will be needed.
read more

Posted May 28, 2012 -- Delphi
World Shale conference and exhibition September 17 - 21, 2012
Celebrating innovation and achievements in the industry in the last 12 month. These prestigious awards are a chance for companies to gain international recognition from their peers for their work in developing shale oil and gas. Deadline for submission of entries is August 16th.
Winner of the 2011 Technological Innovator award was to GasFrac Energy Services read more

May 24, 2012 -- upstreamonline.com
Icahn 'buys stake in Chesapeake'
Billionaire investor Carl Icahn, known for pushing for change at the companies in which he invests, has become one of Chesapeake Energy’s largest shareholders, according to a person with knowledge of the matter.
Icahn’s stake in the company may amount to more than 4%, the person told Bloomberg. read more

May 24, 2012 -- upstreamonline.com
GE makes $300m Batista splash
Eike Batista is wringing $300 million out of US engineering giant GE for a small stake in some of the Brazilian billionaire’s holding companies.
GE is to spend the cash for a 0.8% share in Centennial Asset Brazilian Equity as well as other unidentified holding companies within the EBX group.
“The proceeds will be used to further enhance EBX’s solid capital structure and also help finance Mr Batista’s pipeline of future investment opportunities, as this is one of the fundamental pillars provided for under the agreement,” both GE and EBX said on Thursday. read more

May 21, 2012 -- energycitizens.org
Colesville, NY is Shale Country USA
In Pennsylvania, natural gas drilling brought in $3.5 billion in 2011. In West Virginia, that number was $1.2 billion. That economic activity is passing New York by. By delaying approval of the processes necessary to access Marcellus Shale natural gas, New York politicians and regulators are denying the state the economic growth that other states are seeing. read more

May 19, 2012 -- yahoo.com
ALBANY, N.Y. (AP) -- When Dan Fitzsimmons looks across the Susquehanna River and sees the flares of Pennsylvania gas wells, he thinks bitterly of the riches beneath his own land locked up by the heated debate that has kept hydraulic fracturing, or fracking, out of New York.
"I go over the border and see people planting orchards, buying tractors, putting money back in their land," said Fitzsimmons, a Binghamton landowner who heads the 70,000-member Joint Landowners Coalition of New York. "We'd like to do that too, but instead we struggle to pay the taxes and to hang onto our farms." read more

17 May 2012 -- upstreamonline.com
Production in the Canadian oil sands is likely to increase at a much faster clip than the industry currently projects, an analyst said, putting more pressure on pipeline companies to vastly expand capacity out of Alberta.
The forecast comes as companies plot billions of dollars worth of new pipeline routes to stave off costly bottlenecks. The latest is the plan of Enbridge, announced Wednesday, to spend C$3.2 billion ($3.15 billion) on pipelines, most of it to get crude from Alberta to Eastern Canada, Reuters reported.
Andrew Potter, analyst at CIBC World Markets, said he expects production from the oil sands of northern Alberta, the world's third biggest crude resource, to jump to 2 million to 2.5 million barrels a day by 2020 from last year's output of 1.6 million bpd. read more

14 May 2012 -- upstreamonline.com
Statoil takes Seadrill rig off Canada
Statoil has taken a Seadrill semi-submersible drilling unit for a three-well programme off the east coast of Canada.
The Norwegian oil major is to drill the trio of exploration wells off Newfoundland with the ultra-deepwater unit West Aquarius, it said on Monday.
No contract value or dayrate was given for the deal which will see wells being spudded in late 2012 and 2013.
Oslo-listed Seadrill, which earlier in the day unveiled a strong first-quarter profit and an intention to continue to invest in new units, had not revealed details of the deal by Monday afternoon. read more

14 May 2012 -- world-nuclear.org
Russia is moving steadily forward with plans for much expanded role of nuclear energy, nearly doubling output by 2020.
Efficiency of nuclear generation in Russia has increased dramatically since the mid 1990s.
Exports of nuclear goods and services are a major Russian policy and economic objective.
Russia is a world leader in fast neutron reactor technology. read more

14 May 2012 -- world-nuclear-news
Cameco to buy Nukem Energy
Canada-based uranium producer Cameco Corporation has agreed to acquire German trader and broker of nuclear fuel products and services Nukem Energy GmbH from Advent International.
Under an agreement signed today with Advent, Cameco will pay Advent and other shareholders €105 million ($135 million) on closing of the deal, subject to certain adjustments. Cameco said that it would take on "the obligation for the company's net debt of €127 million ($163 million) as of 1 January 2012." However, it said that Nukem is expected to "significantly reduce the balance of its debt prior to closing" as a result of cash generated from its ongoing business activities.
DOL blog

May 14, 2012 -- To: U.S. Department of Labor
You state: "We've now created more than 4.2 million private sector jobs under this administration." But:
Employment hit a high point 146,595,000 in November of 2007. It declined to 142,187,000 in January 0f 2009 and hit a low point of 138,401,000 nine months later in November. While employment has been rising ever since that month current employment at 141,865,000 it is still lower than when this administration took over.
Labor Force Statistics from the Current Population Survey
Series Id: LNS12000000 - Seasonally Adjusted
According to your figures, this administration created 4.2 million jobs but lost more than 4.2 million jobs DOL blog
Alex Majthenyi
Note: The DOL site is now a Democrat campaign site.

May 10, 2012 -- upstreamonline
Bill takes sharper aim at US oil tax breaks
Hoping to build on voter anger about high gasoline prices, two US lawmakers launched a new attack on tax breaks for US oil, gas and coal companies on Thursday with a bill they said would cut more than $113 billion in subsidies over 10 years.
Reuters reported that the bill goes beyond other recent efforts that have targeted tax breaks for oil companies and includes research programs, loan guarantees and infrastructure funding, said its authors, Senator Bernie Sanders, a left-leaning independent, and Democratic Representative Keith Ellison.
"It is time to end that absurdity," said Sanders, who conceded the bill faced an uphill battle in Congress. He said oil companies were very profitable and did not need the subsidies.
Also targeted is a rule that lets pipeline operators and oil and gas companies operate as "master limited partnerships," a structure under which there is no requirement to pay corporate income taxes.
....Oil tax breaks are the next big political target for environmental groups that organized thousands of people to encircle the White House last year in protests credited with delaying the proposed Keystone XL crude pipeline from Canada. Read more


April 24, 2012 | James Delingpole | telegraph
'Global warming? What global warming?' says High Priest of Gaia Religion

James Lovelock to be precise, author of the Gaia hypothesis so warmly embraced by the warmists. "Likewise, I say unto you, there is joy in the presence of the angels of God over one sinner that repenteth", saith the Bible.
So let joy be unconfined that one of the archest of the world's arch Greenies – James Lovelock, inventor of the Gaia hypothesis and therefore, more or less, founder of the world's most powerful modern religion – has come clean and admitted that he got it wrong in his doomsday predictions about "Climate Change." Read more

May 4, 2012 -- Bureau of Labor Statistics
Employment Facts:
Unemployment 8.1% - Unemployment was 4.2% in January of 2001. It rose 7.4% in December of 2008. In April 2012 it went down to 8.1%. It is expected to go lower as people loose their unemployment insurance.
Employed 141,865,000 - Employment hit a high point 146,595,000 in November of 2007. It declined to 142,187,000 in January 0f 2009. At 141,865,000 it is still lower than when President Obama took office.
Employment & Population Ratio 58.4% - Roughly 63% of the population was employed until June of 2007. Employment has steadily declined since then. In April of 2012 it was 58.4% slightly higher then the low of 58.2% hit in November of 2010. Read more

May 3, 2012 -- world-nuclear-news
Canadian new build getting nearer
The Canadian government has accepted the environmental assessment report for the possible construction of new nuclear capacity at Darlington, clearing the way for the issuance of a site preparation licence.
Ontario Power Generation (OPG) formally submitted the Environmental Impact Statement (EIS) for up to four new units at Darlington in 2009. Read more

May 3, 2012 -- world-nuclear-news
China will formally employ its first home-made, deep-sea semi-submersible drilling platform in the east part of South China Sea on 9 May, according to reports.
The Ocean Oil 981 platform will be used to drill the Liwan 6-1-1 well, which has a water depth of 1500 metres and designed well depth of 2371 metres, Reuters reported.
Citing a report on the website of China’s National Energy Administration, Reuters said the drill was scheduled to take up to 57 days in a campaign that could mark the beginning of the country's deep-water oil strategy. Read more

May 1, 2012 -- world-nuclear-news
The Canadian government will open up Arctic waters off the coast of the Northwest Territories (NWT) to potential exploration.
The federal Department of Indian Affairs and Northern Development has put six parcels – covering 905,900 hectares in the Beaufort Sea and Mackenzie Delta – on the auction block.
NWT minister of industry, David Ramsay, said he could not be happier with news the federal government is finally willing to consider Arctic offshore development in a region that up until now has been off limits while authorities have conducted their Arctic offshore drilling review.
The area “has enormous potential to supply both natural gas and oil to the North American global market”, Ramsay said at a Canadian consulate press conference on Tuesday at OTC in Houston. Read more

April 30, 2012 -- world-nuclear-news
Jordan's first nuclear power plant will be supplied by either AtomStroyExport of Russia or the Areva-Mitsubishi Heavy Industries joint venture, Atmea.
The past three years have seen the Jordan Atomic Energy Commission (JAEC) whittle down a list of seven offers from four reactor vendors to the two announced today. Jordanian official news agency Petra reported that the JAEC has decided to continue discussions with AtomStroyExport and the Atmea consortium, describing them as the two suppliers "best qualified" with the technology to best meet Jordan's requirements and needs. The announcement removes from the running the Enhanced Candu 6 (EC6) design as offered by Candu Energy, the subsidiary of SNC-Lavalin that took on Atomic Energy of Canada Ltd's reactor business. Read more

April 30, 2012 -- upstreamonline.com
Nova Scotia launches bid round
The Government of Nova Scotia will offer nearly a dozen offshore parcels for development in the Canadian province’s second call for bids in less than a year.
With an announcement timed to correspond with the launch of OTC 2012 in Houston, provincial regulator Canada-Nova Scotia Offshore Petroleum said six of the 11 parcels up for bid were nominated by industry earlier this year. Read more

Fired for telling the truth
A top US regulator was forced to step down after comments he made that he would “crucify” producers who violated environmental rules were made public.
The Environmental Protection Agency said on Monday that Region 6 administrator Al Armendariz resigned after the comments, which were made at a public talk about two years ago, just recently kicked off a firestorm from industry and conservative lawmakers.
In the speech, Armendariz said his enforcement philosophy was to make an example of oil and gas producers who violated environmental regulations early on in order to force others to be more compliant. Read more

Apr 25, 2012 -- Daily Caller -- Patrick Richardson
TVA presses ahead with Watts Bar 2 completion
Construction of unit 2 at the Watts Bar nuclear power plant will continue after the board of Tennessee Valley Authority (TVA) accepted a revised cost estimate. The expected completion date of the project has now slipped to 2015. Read more

Our Children. Our future criminals
If our "big brother" administration has its way children would be prohibited from helping their parents or relatives. They could no longer get 4-H or FFA safety certification. Instead, they would have to take a 90 hour federal government course.
This is not acceptable.
This is an election year. We must instill fear in our elected officials before they get control of every aspect of our life.
"When the people fear the government, there is tyranny. When the government fears the people, there is liberty." Thomas Jefferson

Apr 25, 2012 -- Daily Caller -- Patrick Richardson Rural kids, parents angry about Labor Dept. rule banning farm chores Read more

April 23, 2012 -- world-nuclear-news
Heavy metal power reactor slated for 2017
Apart from programs to develop large sodium-cooled fast reactors, Russia is also pushing ahead with a small modular fast reactor cooled by lead-bismuth eutectic, the SVBR-100.
The unit is described as an integral design because the steam generators and reactor core both sit in the same pool of coolant - lead-bismuth at temperatures in the range 340-490 deg C. Read more

None of the above:
Democrats do not want oil, coal, nuclear, water power or jobs.
April 19, 2012 -- world-nuclear-news
Lawsuit draws line in sand over mining ban
Mineral exploration company Quaterra Resources and the governing body of Mohave County in Arizona have filed a joint lawsuit against the US government in an attempt to overturn the withdrawal of federal lands from mining.
Quaterra has spent $12 million on exploration in the Arizona Strip
The suit filed on behalf of Quaterra and the Board of Supervisors of Mohave County against the US Department of the Interior, Secretary of the Interior Ken Salazar, the US Bureau of Land Management (BLM) and its director Robert Addey
...Meanwhile, the representatives of Mohave County allege that the withdrawal will mean the loss of well over $2 billion in tax revenues over a 42-year period as well as the loss of over 1000 jobs. Read more

April 19, 2012 -- hispanicbusiness.com
Audi Picks Mexico for Plant Site
State and local officials spent little time lamenting Audi's decision Wednesday to build a plant in Mexico rather than Tennessee as they look to future growth by Volkswagen.
...."Our understanding is that a portion of this new facility's output will target certain South American markets," he said in a statement. "Tariff treaties between Mexico and certain countries there made a material difference. We understand Audi had to choose the location that best fit its business needs."
A top VW official told Automotive News recently that trade among Mexico, Europe and the Mercosur bloc (Brazil, Argentina, Uruguay and Paraguay) is duty free. Also, Audi can avoid a 10 percent duty levied on cars built in the United States and shipped to Europe. Read more

April 19, 2012 -- reuters.com
House votes again to approve Keystone XL pipeline
The U.S. House of Representatives voted on Wednesday in favor of speeding up the Keystone XL oil pipeline from Canada for the fourth time in two years, but the Nebraska Republican who has championed the project knows the vote may not be the last.
The pipeline, put on hold by President Barack Obama earlier this year, has become an outsized political symbol heading into the November elections as Republicans use it to attack Obama's economic and energy policies.
A large group of House Democrats - 69 of 190 - backed the bill, giving Republicans new hope the Democratic-led Senate and Obama might be convinced to embrace the oil pipeline project. Read more

April 19, 2012 -- POWERnews
DOE: 12 GW Lies Unexploited in Non-powered Dams Across U.S.
More than 2,500 dams in the U.S. provide 78 GW of conventional and 22 GW of pumped-storage hydropower. But the nation also has more than 80,000 dams that do not produce electricity—facilities that, if outfitted with hydroelectric power plants, could generate an estimated 12 GW and increase existing U.S. conventional hydropower capacity by roughly 15%, the Department of Energy (DOE) says in a new report, Read more

April 19, 2012 -- world-nuclear-news
$33 billion cost of Swiss nuclear decision
Switzerland's decision not to build any new nuclear generating capacity will cost the country some CHF 30 billion ($33 billion) up to 2050, according to the country's Department of the Environment, Transport, Energy and Communications (DETEC). The department has undertaken a modeling of Switzerland's energy future to 2050 which will be used in formulating the country's new energy policy. Read more

April 18, 2012 -- Phuong Le Associated Press
EPA wants full coal export review
Agency asks for analysis of cumulative impacts
The Environmental Protection Agency has weighed in on the first of several coal-export projects in the Northwest, telling the Army Corps of Engineers that it should thoroughly review the potential impacts of exporting large amounts of coal from Wyoming and Montana to Asia.
A project at Port of Morrow in Oregon has “the potential to significantly impact human health and the environment,” the EPA said, so the corps should address overall impacts, including increases in greenhouse gas emissions, rail traffic and mining activity on public lands. Read more

April 18, 2012 -- POWERnews
TransCanada submits new Keystone XL pipeline plan
For the first time since President Obama issued a controversial order halting its progress, the proposed Keystone XL Pipeline is once again on track for bureaucratic review after TransCanada submitted a new route through Nebraska designed to avoid environmentally sensitive areas. Read more

April 17, 2012 -- Audrey Hudson
Zoning the ocean
President Barack Obama has an ambitious plan for Washington bureaucrats to take command of the oceans-and with it control over much of the nation's energy, fisheries, even recreation in a move described by lawmakers as the ultimate power grab to zone the seas.
.....The ocean policy has already impacted oil and gas development in the Mid and South Atlantic, where more environmental analysis is now required to determine whether new studies must also be conducted to determine its safety, according to Interior Department Secretary Ken Salazar. Read more

April 13, 2012 -- kudlowsmoneypolitics
GE's Jack Welch Blasts Obama's Leadership
President Obama’s “divide-and-conquer” approach isn’t what great leaders do, Jack Welch said Thursday on “The Kudlow Report”.
The renowned former General Electric CEO chided the president for blaming others for economic woes.
“It was the insurance executives in health care. It was the bankers in the collapse. It was the oil companies as oil prices go up. It was Congress if things didn’t go the way he wanted. And recently it’s been the Supreme Court,” he said.
“He’s got an enemies list that would make Richard Nixon proud.” Read more

April 10, 2012 -- world-nuclear-news
Chinese reactor enters commercial operation
Unit 4 at China's Qinshan Phase II has begun commercial operation. The announcement marks the successful conclusion of the project to add two more indigenously-designed units at the plant in Zhejiang province.
The reactor, a CNP-600, is a locally-designed and constructed two-loop pressurized water reactor (PWR) design rated at 650 MWe. It has taken about five years to build, with first concrete for the unit poured in January 2007. The unit was connected to the grid on 25 November 2011, becoming China's 15th operating nuclear power reactor. Read more

April 10, 2012 -- world-nuclear-news
Japan-UK nuclear cooperation framework
British prime minister David Cameron met with his Japanese counterpart Yoshihiko Noda in Toyko today as part of a trade mission. The leaders renewed their commitment to nuclear cooperation as begun in the 1960s.
The two countries promised to continue working on nuclear safety, with the UK welcoming Japan's efforts to create a new regulatory body which "fully takes into consideration the importance of independent, competent, and rigorous regulation of nuclear safety and of enhanced emergency preparedness, according to the principles of continuous improvement and transparency and in line with IAEA safety standards." Read more

The elusive recovery:
Employed down from 142.065m to 142.034m
Unemployment down from 8.3% to 8.2%
Employed down from 58.6% to 58.5%
Check the facts not the spin.

The war on seniors, oil & utilities will get worse!
Many seniors depend on their high dividend yield for survival.

April 2, 2012 -- editorial.equities.com
Dividend Tax Rate Set to Jump
The recent flap over Mitt Romney’s effective tax rate of 15 percent was the issue du jour for about a week during the wild Republican primary, and it called attention to the way that Americans are taxed. Dividends, paid out to shareholders of stock in certain companies, have been very low over recent years after George W. Bush began taxing dividends at a separate, lower tax rate. By taxing dividends at the separate rate rather than as normal income, this allowed many shareholders to keep a large portion of the money they made from dividends. Read more

April 2, 2012 -- www.reuters.com
Solar Trust of America files bankruptcy
Solar Trust of America LLC, which holds the development rights for the world's largest solar power project, on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.
The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the U.S. Department of Energy. It is unclear how the bankruptcy will affect that project. Read more

Mar 27, 2012 -- EPA
New EPA coal fired power plant restrictions
The EPA is proposing standards of performance that require that all new fossil fuel-fired EGUs meet an electricity-output-based emission rate of 1,000 lb CO2/MWh of electricity generated on a gross basis. This proposed standard is based on the demonstrated performance of natural gas combined cycle (NGCC) units, which are currently in wide use throughout the country Read more

Senate's answer to high gasolene prices: Raise them!
Who cares about the poor? They don't make campaign contributions!


Mar 26, 2012 -- upstreamonline.com
The US Senate voted overwhelmingly on Monday to begin floor debate on a bill that would strip away billions of dollars in tax breaks for the biggest oil and gas companies, setting the stage for an election-year partisan showdown over domestic energy policies.
Senators voted 92-4 to open debate on the bill proposed by Democrat Robert Menendez aimed at removing certain tax incentives for the country’s five largest oil producers – Chevron, ExxonMobil, BP, Shell and ConocoPhillips – while extending some renewable energy tax breaks.
The bill, which could bring in as much as $21 billion in extra revenues for the US, will now be debated on the Senate floor with a vote expected later this week, possibly as soon as Tuesday. Read more

Mar 26, 2012 -- upstreamonline.com
Shell has moved one step closer toward securing final permits to drill in Alaska’s Beaufort and Chukchi Seas after US regulators on Wednesday approved the supermajor's oil spill response plan for the region.
“I have personally reviewed the oil spill response plan,” Interior Secretary Ken Salazar said in a press conference in Norfolk, Virginia on the decision by the Bureau of Safety and Environmental Enforcement.
"These plans are in good shape. They have been significantly modified and improved. It is a critical milestone.”
However, it is not a slam dunk that Shell will start drilling this summer. Read more

Mar 26, 2012 -- news.yahoo.com
Obama to Russia: More flexibility after elections
President Barack Obama told Russia's leader Monday that he would have more flexibility after the November election to deal with the contentious issue of missile defense, a candid assessment of political reality that was picked up by a microphone without either leader apparently knowing.
Obama's Republican opponents pounced on the comment, saying the president has a hidden agenda that could include concessions to the Russians if he is re-elected this fall.
"This is my last election," Obama is heard telling outgoing Russian President Dmitry Medvedev. "After my election, I have more flexibility." Read more

Mar 22, 2012 -- Dow Jones
Canada Hot Stocks: TransCanada…
Among the companies whose shares are making notable moves in Thursday's session are TransCanada Corp. (TRP) and New Flyer Industries Inc. (NFI.T).
President Barack Obama Thursday called for an expedited review of the southern portion of TransCanada's (C$43.47, C$0.67, 1.6%) Keystone XL pipeline. Obama was speaking at an oil pipe yard in Oklahoma on a tour to highlight U.S. energy policy. However, the Calgary pipeline company had already expected to receive the permit it needs for that leg of the pipeline from the U.S. Army Corps of Engineers in time for it to begin construction by June. Read more

Mar 22, 2012 -- mygovcost.org
“Green” Firm Gets Subsidies to Sell Solar Panels to Itself!
In “Firm sells solar panels — to itself, taxpayers pay” in the Washington Examiner, Timothy Carney reports that First Solar has received $17.3 million in corporate-welfare subsidies from the Obama administration and then an additional $455.7 million in loan guarantees from the Export-Import Bank to purchase its own solar panels:
Read more

Mar 16, 2012 -- etrade
Economic Fascism and the Presidency
On Friday, March 16, President Obama signed an executive order on national defense that amends and updates the executive branch's sweeping powers over energy, transportation, human resources, and raw materials. "It shows plainly that private control of economic life in the United States, to the extent that it survives, exists solely at the president's pleasure and sufferance," Read more

Mar 14, 2012 -- upstreamonline.com
Range Resources has started drilling a well in the Snake River project of the Northern Oklahoma Mississippi Lime Play, its Australian partner has announced.
Drilling of the Balder–1 30N horizontal well, in the state’s Kay County, started over the weekend, AusTex Oil told the Australian Securities Exchange.
Drilling is located on a 320 acre spacing and is expected to take 21 days to reach a full depth of 9600 feet, the company said.
Read more

Mar 13, 2012 -- upstreamonline.com
Chesapeake partners up for $900m gas plant
Chesapeake Energy, through its midstream arm, has teamed up with M3 Midstream and EV Energy Partners to build a $900 million natural gas processing facility in eastern Ohio to service production from the red-hot Utica shale.
The cryogenic processing complex will consist of natural gas gathering and compression facilities constructed and operated by Chesapeake Midstream Development, as well as processing, NGL fractionation, loading and terminal facilities constructed and operated by M3.
The facility will be located in Columbiana County and have an initial capacity of 600 million cubic feet per day, Chesapeake said in a statement on Tuesday. Read more

Mar 13, 2012 -- upstreamonline.com
Chevron eyeing 20% growth by 2017
Chevron chief executive John Watson has said the supermajor is on track to increase production by 20% by 2017 by executing major capital projects and stepping up exploration activities.
Watson made the prediction to analysts at an annual New York briefing on Tuesday.
George Kirkland, executive vice president of Chevron’s upstream division, told the gathering the company outdid all its competitors in earnings and cash flow per barrel and return on capital employed last year.
In January, the company reported full-year net profits of $26.9 billion, up from $19 billion a year earlier, on revenues up 23% to $244.4 billion. Read more

Mar 13, 2012 -- upstreamonline.com
The US Senate on Tuesday rejected a bipartisan proposal to provide tax incentives for natural gas vehicles, a plan seen by some as paving the way for reduced dependence on foreign oil but panned by conservative groups as an unnecessary subsidy.
The amendment to the Senate's highway bill needed 60 votes to pass, but was rejected in a 51-47 vote.
The closely watched vote pitted billionaire T. Boone Pickens, who has been promoting natural gas vehicles since 2008, against Koch Industries, an energy conglomerate that saw the plan as interference in the private sector, Reuters reported. Read more

Mar 9, 2012 -- upstreamonline.com
ExxonMobil chief executive Rex Tillerson blasted the current regulatory climate in the US, calling it the main obstacle to energy development in the country.
Speaking on the last day of the CeraWeek conference in Houston, Tillerson touted the "transformational" advances made in opening up new and abundant sources of energy from shale formations in the US and spoke of the “worldwide implications” of this “historic shift”.
But uncertain and burdensome sets of regulations are hampering the industry’s ability to move quickly and effectively, Tillerson said.
“Where sound and thoughtful regulations once provided us in the business and industry with rules for how to get things done, today the regulatory process, with its layers of complexity and oversight by multiple duplicative agencies, has become the obstacle to getting anything done,” Tillerson said.
“It has become the tool of opponents of development and special-interest groups to find 1000 way to say no to development.”
Tillerson pointed to US president Barack Obama’s decision earlier this year to block approval of TransCanada’s planned Keystone XL pipeline from the oil sands in Alberta to the Gulf Coast. He called the decision a “byproduct of political calculations in Washington”.
“This type of dysfunctional regulation is holding back the American economic recovery, growth and global competiveness,” Tillerson said. Read more

Mar 9, 2012 -- upstreamonline.com
Shareholders of El Paso Corp voted on Friday to approve the pipeline company's roughly $23 billion acquisition by rival Kinder Morgan despite a recent court ruling in which a Delaware judge criticized some of the deal's participants.
A majority of shareholders approved the deal to combine the two largest natural gas pipeline operators in North America, after El Paso delayed a vote originally scheduled for 6 March, Reuters reported.
The meeting at a downtown Houston hotel was disrupted several times by shareholders who shouted their objections to the deal. Read more

Mar 9, 2012 -- upstreamonline.com
Petrobras has said it struck good quality subsalt oil from a well in the Nordeste de Tupi area in another large-scale find for the Brazilian state oil giant.
The 1-976-RJS well was in water depths of 2131 meters, 255 kilometres from Rio de Janeiro.
The well turned up medium grade crude of 26 degree API at a depth of 4960 metres below the sea bed. The well showed a 290 column of oil in carbonate rock under a think layer of salt. Read more

Mar 2, 2012 -- InvestorPlace Staff
Oil Breaks $110 After Saudi Pipeline Breach
Diplomatic tensions further drive crude's market price
Oil rose above $110 per barrel for the first time since May after an Iranian news agency broke the story of a major Saudi pipeline explosion, Bloomberg is reporting.
Questions remain about the story’s authenticity, as recent diplomatic antagonism between Iran and Saudi Arabia has centered on oil realpolitik — with anticipation of a western embargo against Iranian crude causing marked price instability. Read more

February 23, 2012 -- upstreamonline.com
Obama swats back at GOP on energy
President Barack Obama hit back on Thursday at election-year Republican criticism of his energy policy, offering a staunch defense of his attempts to wean Americans off foreign oil and saying there was no 'silver bullet' for high gas prices.
Obama sought to deflect growing Republican attacks over rising prices at the pump, blaming recent increases on a mix of factors beyond his control, including tensions with Iran, hot demand from China, India and other emerging economies, and Wall Street speculators taking advantage of the uncertainty, Reuters reported. Read more

February 23, 2012 -- upstreamonline.com
EU oil sands move ‘fails’
A move by the EU to label oil sands as particularly polluting has stalled after country officials failed to reach an agreement, a report claimed. Read more
February 23, 2012 -- upstreamonline.com
Canada 'pleased' with EU oil sands move
Canada hailed the EU’s failure on Thursday to classify tar sands crude as particularly dirty, but Ottawa made it clear it would take trade action if the EU did end up singling out Canadian oil, according to a report.
News wires 23 February 2012 18:09 GMT
A meeting of EU technical experts failed to approve a proposal to label fuel from Alberta's vast oil sands as more polluting than other sources of crude.
Canada had campaigned against the idea, saying it was unjustified and could help discriminate against its oil.
"We're very pleased. This was certainly a resounding win ... it was a victory for science and good policy," Natural Resources Minister Joe Oliver told Reuters. Read more

February 20, 2012 -- upstreamonline.com
Inspectors back in as Iran 'struggles' to find oil buyer
Iran is "struggling" to find a buyer for its oil output surplus, according to a report, as UN weapons inspectors arrive back in the sanctions-hit country.
The Middle Eastern state's oil ministry on Sunday announced that it has cut off supplies to UK and French companies, in retaliation for an EU ban last month on Iranian oil imports from 1 July.
..... This is nearly 23% of all Iranian oil exports last year, the newspaper reported.
One unidentified industry source told the newspaper: "Iran is facing severe problems finding a new buyer." Chinese and Indian refineries are being courted for the surplus. Read more

February 13, 2012 -- world-nuclear-news.org
Kepco completes US uranium investment
Uranium development in Wyoming's Gas Hills will be funded from the proceeds of a newly completed private share placement which sees the Korea Electric Power Company (Kepco) become the largest shareholder in Canada-based Strathmore Minerals.
Kepco's acquisition of 14,586,182 common shares of Strathmore at C$0.55 ($0.55) per share has netted total gross proceeds of $8 million, which will be used to fund the first phase of exploration, developing and permitting of the company's Gas Hills project. The deal gives Kepco a 14% share in Strathmore. Read more

February 8, 2012 -- world-nuclear-news.org
American safety regulators gave the go-ahead today for the construction of two new nuclear power reactors.
The vote by the five-member commission brought to an end a regulatory process lasting almost four years that confirmed the safety of building two Westinghouse AP1000 reactors at the Vogtle site in Georgia. It is the first combined construction and operating license issued by the US Nuclear Regulatory Commission (NRC).
The review work of the NRC staff was celebrated by the commissioners in a confirmatory hearing today. Four commissioners voted to grant the license, while chairman Gregory Jazcko abstained. Read more

February 8, 2012 -- POWERnews
Thursday's NRC Vote on New Vogtle Reactors Prompts Legal Challenges
As the U.S. Nuclear Regulatory Commission (NRC) prepares to vote on Thursday on whether to approve a combined construction and operating license (COL) for Southern Co.'s proposed 2,234-MW expansion of its Vogtle nuclear plant, anti-nuclear activists are gearing up to oppose the decision. Meanwhile, Progress Energy is reportedly considering shelving its proposed Levy County, Fla., reactor.
The historic vote expected tomorrow, Feb. 9, could greenlight construction of the first new nuclear power plant in the U.S. in more than 30 years. Southern has proposed to build two Westinghouse AP1000 reactors at its Vogtle power plant southeast of Augusta, Ga. If the COL is approved by the NRC, the first unit could come online by 2016. The second reactor would follow in 2017. Read more

February 8, 2012 -- POWERnews
Renewable Market in California Is "Robust"
Renewable power prices in California surged from 5.4 cents/kWh in 2003 to 13.3 cents/kWh in 2011. However, they are slated to fall as new contract bids submitted to utilities last year were estimated at about 30% lower than in 2009, a new report from the California Public Utilities Commission (CPUC) suggests. Read more

February 6, 2012 -- upstreamonline.com
Comstock widens Q4 loss
Gas-focused explorer Comstock Resources expanded its fourth-quarter loss as it was hurt by weak prices, but said it will shift most of its drilling to lucrative oil prospects, sending its shares up as much as 9%.
In 2012, about 92% of Comstock's net wells drilled are expected to be oil wells. Crude oil contributed only 8% of the company's total production in the fourth quarter, Reuters reported. Read more

February 6, 2012 -- upstreamonline.com
Brent jumps to six-month high
Brent oil rose for a fifth straight session on Monday to settle at a six-month high as cold weather in Europe boosted heating fuel demand and pushed the crude's premium to US oil to the highest since November, a report said.
European gasoil led gains across the oil complex, rising more than 3.5% as bitter weather killed another 33 people in Europe, Reuters reported.
Italy announced it would allow electricity providers to fire up oil-fueled generators to limit natural gas after six-straight days of reduced supplies from Russia. Read more

February 6, 2012 -- upstreamonline.com
Canada LNG could spark merger boom
A handful of liquefied natural gas export facilities proposed for Canada's Pacific Coast could spark a round of acquisitions and new joint ventures as the projects' backers look to secure sufficient natural gas supplies to fill their facilities, a report said on Monday.
Spurred by low North American natural gas prices and the discovery of big new shale and other unconventional gas fields in northern British Columbia, a number of companies are mulling construction of LNG export facilities to tap Asian markets willing to pay high prices for the fuel, Reuters reported an analyst as saying. Read more

January 31, 2012 --
ExxonMobil posts 35% rise in profits
US supermajor ExxonMobil has posted a 2% rise in quarterly earnings to $9.4 billion, with full-year net income up by more than a third to $41.06 billion.
The company credited “higher crude oil and natural gas realisations, improved refining and chemical margins, and gains on asset sales” for the earnings boost.
Full-year earnings increased by 35% from 2010's $30.46 billion to $41.06 billion, while quarterly net income of $9.4 billion was up $150 million on the year-ago period.
Read more

January 31, 2012 -- Ray Walser -- heritage.org
Latest Intelligence Assessment: Iran Poised to Target U.S. Homeland
Appearing before the Senate Select Committee on Intelligence on January 31, Director of National Intelligence (DNI) James R. Clapper warned that the “2011 plot to assassinate the Saudi Ambassador to the U.S. shows that some Iranian officials—probably including Supreme Leader Ali Khamenei—have changed their calculus and are now more willing to conduct an attack in the U.S. in response to real or perceived U.S. actions that threaten the regime.”
In October, U.S. officials accused Iran of plotting to assassinate the Saudi ambassador in Washington with hired assassins from a Mexican drug cartel. The Obama Administration said the plot was devised by an Iranian-American with ties to Iran’s Islamic Revolutionary Guard Corps. It was foiled Read more

January 29, 2012 --
No Need to Panic About Global Warming
There's no compelling scientific argument for drastic action to 'decarbonize' the world's economy.
Editor's Note: The following has been signed by the 16 scientists listed at the end of the article:
A candidate for public office in any contemporary democracy may have to consider what, if anything, to do about "global warming." Candidates should understand that the oft-repeated claim that nearly all scientists demand that something dramatic be done to stop global warming is not true. In fact, a large and growing number of distinguished scientists and engineers do not agree that drastic actions on global warming are needed. Read more

January 25, 2012 -- www.rawstory.com
Soros: Not much difference between Obama and Romney
Billionaire investor and philanthropist George Soros told Reuters Global Editor-at-Large Chrystia Freeland that he still supported President Barack Obama, but predicted voters would not be very enthusiastic about the 2012 elections if former Massachusetts Gov. Mitt Romney was nominated by Republicans.
“Well, look, either you’ll have an extremist conservative, be it Gingrich or Santorum, in which case I think it will make a big difference which of the two comes in,” he said. “If it’s between Obama and Romney, there isn’t all that much difference except for the crowd that they bring with them.”
But he acknowledged that a major difference between Romney and Obama would be their potential Supreme Court nominations and their stance on taxation.
“That is the big difference, and that has led my hedge fund community to abandon Obama in favor of any Republican because they don’t like to be taxed, Read more

January 25, 2012 -- nation.foxnews.com
Scientists: No Need to Panic About Global Warming
There's no compelling scientific argument for drastic action to 'decarbonize' the world's economy.
Editor's Note: The following has been signed by the 16 scientists listed at the end of the article:
A candidate for public office in any contemporary democracy may have to consider what, if anything, to do about "global warming." Candidates should understand that the oft-repeated claim that nearly all scientists demand that something dramatic be done to stop global warming is not true. In fact, a large and growing number of distinguished scientists and engineers do not agree that drastic actions on global warming are needed. Read more

January 25, 2012 -- Bloomberg
Ener1, Battery Maker, Seeks Chapter 11 Bankruptcy Protection
Ener1 Inc., the owner of a company that received a $118 million U.S. Energy Department grant to make electric-car batteries, filed for bankruptcy protection after defaulting on bond debt amid heavy competition from Asia.
The company listed assets of $73.9 million and debt of $90.5 million as of Dec. 31 in Chapter 11 papers filed today in U.S. Bankruptcy Court in Manhattan. Ener1 has been affected by competing battery developers in China and South Korea, "which generally have a lower cost manufacturing base" and lower labor and raw material costs, interim Chief Executive Officer Alex Sorokin said in the petition. Read more
Ener1 has a battery plant in South Korea & is negotiating with China.

January 24, 2012
The "Buffett Rule" ignores inflation.
Since 1987 inflation has been 100%. If you invested one million dollars in 1987 and sold your investment today for two million dollars you would have zero gain. You would, however, have to pay capital gains tax on one million dollars. Is $150,000 tax on zero income fair?
Buffett's Folly

January 20, 2012 -- upstreamonline
Dems push bill to tax 'excess' profits
A group of six Democrats in the US House of Representatives have introduced a bill that aims to levy a windfall tax of up to 100% on "excess" profits earned by oil companies from oil and natural gas products.
The bill, known as the “Gas Price Spike Act of 2012” and introduced by liberal congressman Dennis Kucinich this week, would direct these extra tax revenues from oil companies toward purchases of fuel-efficient passenger vehicles, and toward grants for mass transit. Read more
What are excess profits and how much profit will we be allowed to keep?
How much income will we be allowed to keep?

January 18, 2012 -- washingtonpost.com
Obama’s Keystone pipeline rejection is hard to accept
ON TUESDAY, President Obama’s Jobs Council reminded the nation that it is still hooked on fossil fuels, and will be for a long time. “Continuing to deliver inexpensive and reliable energy,” the council reported, “is going to require the United States to optimize all of its natural resources and construct pathways (pipelines, transmission and distribution) to deliver electricity and fuel.”
Read more

January 18, 2012 -- Houston Chronicle
Wrong decision on Keystone XL pipeline
President Barack Obama has made a shockingly shortsighted decision by rejecting a go-ahead for construction of the Keystone XL Pipeline. By doing so, Obama has openly proclaimed the primacy of his own re-election over the nation's long-term energy and economic security.
Read more

January 18, 2012 -- reuters.com
Obama rejects Keystone project, firm could reapply
President Barack Obama has decided to reject TransCanada Corp's plan to build the Keystone XL Canada-to-Texas crude oil pipeline but the company, or others, could reapply, the State Department said on Wednesday. Read more
Great news for China, Saudi Arabia, Venezuela, Brazil, Soros --

January 18, 2012 -- reuters.com
Obama jobs panel pushes tax reform, domestic drilling
President Barack Obama's jobs council called on Tuesday for a corporate tax overhaul, expanded domestic drilling and new regulatory reforms, a set of proposals unlikely to provide a quick fix for high unemployment or gain much traction in an election year.
A panel of top U.S. business leaders advising Obama - whose re-election chances could hinge on whether he can boost the fragile economy - offered its latest job-creation prescriptions at a meeting with him at the White House. Read more
"unlikely to provide a quick fix"
That's what they said 3 years ago!


January 9, 2012 -- world-nuclear-news.org
Rio move on Hathor near complete
Rio Tinto has taken up some 93.76% of the common shares of Canadian uranium exploration company Hathor and will now purchase all the remaining shares through a compulsory acquisition under Canadian law. London-based Rio Tinto's announcement marks the beginning of the end of an acquisition battle which saw Hathor shareholders reject an unsolicited bid from Canadian uranium mining company Cameco in favour of Rio Tinto's offer. Read more

January 9, 2012 -- world-nuclear-news.org
Status of Iranian enrichment plant unclear
Reports in the Iranian media suggest that the underground Fordow uranium enrichment plant is likely to enter service soon - if it hasn't already done so. According to the Tehran Times and Mehr news agency, Atomic Energy Organization of Iran (AEOI) director Fereydoun Abbasi said that the new plant would start operating in the near future in an address given at a university in Bandar Abbas. Meanwhile, Iranian daily newspaper Kayhan reported that uranium hexafluoride gas has already been fed into the new facility. Read more

January 6, 2012 -- upstreamonline.com
US to inspect Cuba-bound rig
Within the week, US authorities expect to inspect a Chinese rig in Trinidad that is slated to begin drilling a well for Repsol off Cuba, a spokeswoman said Friday.
The Spanish explorer has invited the US Coast Guard and Bureau of Safety and Environmental Enforcement to review the equipment for the project, which has stoked safety concerns about contamination off Florida and tensions on the decades-old trading embargo between the US and the communist island nation.
“The inspection is being conducted to protect the interests of the United States,” Department of the Interior spokeswoman Melissa Schwartz said in an email to Upstream on Friday. Read more

January 6, 2012 -- upstreamonline.com
West sets roadmap in case of Iran crisis
Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles to replace nearly all the Gulf oil that would be lost if Iran blocks the Strait of Hormuz, industry sources and diplomats said Friday.
Reuters reported that senior executives of the International Energy Agency, which advises 28 oil consuming countries, discussed on Thursday an existing plan to release up to 14 million barrels per day of government-owned oil stored in the United States, Europe, Japan and other importers, Reuters reported. Read more

January 5, 2012 --
General Motors is advising Volt owners to return their electric cars to dealers for repairs that will lower the risk of battery fires.
The company hopes that, by adding steel to the plates protecting the batteries, it will ease worries about the car's safety. Three Volt batteries caught fire after government crash tests last year, Read more
Yahoo Finance called it one of "The Worst Product Flops of 2011". We think it is one of the worst polluting vehicles.

January 4, 2012 -- upstreamonline.com
Suncor, others lift veil on pipeline support
A quintet of Canada's largest oil sands producers has contributed money and signed shipping deals in support of Enbridge’s Northern Gateway pipeline to the Pacific Coast, according to documents filed days before hearings into the contentious proposal are due to start, a report said.
News wires 04 January 2012 23:45 GMT
Suncor Energy, Cenovus Energy, Nexen, Total and MEG Energy Corp came forward on Wednesday for the first time with their interests in the C$5.5 billion ($5.42 billion) project in National Energy Board filings, Reuters reported.
The companies did not disclose individual contributions or shipping commitments, but money from industry backers makes up about half of the C$200 million Enbridge seeks to amass to move the project through the regulatory stage, Enbridge spokesman Paul Stanway told the news wire. Read more

January 4, 2012 -- www.examiner.com
Keystone ‘whistleblower’ alleges poor materials used on original pipeline
Mike Klink, a former engineer for construction company Bechtel Corp, whom was a contractor for the first portion of the Keystone pipeline, stated in an independent piece in Nebraska's Lincoln Journal Star that the materials used in the pipeline are sub-standard and that the craftsmanship on it was poor, and is accusing TransCanada of having ignorance towards the environment.
[The truth] Terry Cunha, a TransCanada spokesperson, disputes Klink’s claims of the pipeline being in poor quality and says that, “[He] appears to have made a number of allegations against his previous employer and others, none of which have been proven.
“If a concern is raised, we investigate immediately. If corrective action is required, we act .... Safety is top priority for us. We monitor our Keystone pipeline system through a centralized high-tech centre 24 hours a day, 365 days a year.”
Klink is currently “seeking whistleblower protection from the U.S. Department of Labor,” the Journal Star stated. Read more

We feel that much of this anti-energy noise is anti-American. Some of it may be misguided and well intended but the result of 40 years of anti-energy policies has been devastating.

January 4, 2012 -- Edward Welsch, Of DOW JONES
Northern Gateway Oil-Pipeline Backers Emerge In Canada Filing
CALGARY -(Dow Jones)- Several Canadian oil-sands companies emerged as financial backers of Enbridge Inc.'s (ENB, ENB.T) controversial plan to build an oil pipeline to Canada's west coast in regulatory filings Wednesday.
France'sTotal SA (TOT, FP.FR), Suncor Energy Inc. (SU, SU.T), Nexen Inc. ( NXY, NXY.T) and Cenovus Energy Inc. (CVE, CVE.T) all said in a filing with Canada's National Energy Board that they plan to ship oil on the Northern Gateway oil pipeline, which would transport up to 525,000 barrels of oil a day from Alberta to a port in Kitimat, British Columbia, and then on to markets in Asia.
The four companies are all oil-sands producers that are planning major expansions of their operations, and looking for more pipeline capacity to export production--especially to Asia, where the companies can fetch higher prices for their oil.
Read more

January 4, 2012 -- POWERnews
AES New York Subsidiary Declares Bankruptcy on Coal Woes
An AES Corp. subsidiary that owns more than 1,000 MW of coal-fired capacity at six facilities in New York last week filed for Chapter 11 bankruptcy protection, citing falling power prices and heightened costs from compliance with environmental regulations.
AES Eastern Energy and 13 affiliated entities—all wholly owned by AES Corp.—filed for bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The company’s dire financial situation was brought about by a number of operational factors, it said, including “reduced power prices brought on by low natural gas prices, increased costs for coal, and significant costs for air pollution controls. As a result of these operational factors, the company did not have sufficient cash flow to service its debt.” More

January 3, 2012 -- thestreet.com
Devon Energy(DVN_) is selling a 33% interest in five shale ventures to Chinese energy giant Sinopec(SIPC) for $2.2 billion, adding to a fast start for shale sales in 2012.
For the one-third shale stake, Sinopec will pay Devon Energy $900 million in cash and a further $1.6 billion in payments for drilling expenditures through 2014, roughly 70% of the projects exploration costs.
A similar shale sale by Chesapeake Energy(CHK_) to Total(TOT_) of France on Tuesday signals that energy deals may stay hot in 2012 as foreign companies cut U.S. deals More

January 3, 2012 -- upstreamonline
Sinopec spends $2.2bn on shale farm-in
Oklahoma independent Devon Energy Corporation has announced that Sinopec has agreed to buy a one-third stake of five of its venture plays and pay for drilling costs on them in a deal worth $2.2 billion.
The New-York listed producer said that Sinopec International Petroleum Exploration & Production Corporation (SIPC) - the Chinese state oil company's international arm - would take 33% of its interests in the plays, which stood at 1.2 million net acres prior to the transaction.
The Tuscaloosa Marine Shale, Niobrara, Mississippian, Ohio Utica Shale and the Michigan Basin are all part of Devon Energy’s portfolio. More

January 3, 2012 -- upstreamonline
Brent rises above $108
Brent crude rose to above $108 a barrel on Tuesday as China's manufacturing activity expanded slightly, lifting hopes of higher oil demand, and as rising tensions between Iran and the West created supply disruption fears.
Crude had been one of the best performers among commodities in 2011, with Brent posting an annual gain of 13% to a record average of nearly $111 a barrel as unrest in North Africa and the Middle East disrupted supply.
Brent crude climbed $1.12 to $108.50 a barrel on the first day of trading for 2012. US crude futures rose $1.43 to $100.26 a barrel.
"Over the next few months, it will be a balance of economic issues in Europe and the US versus bullish geopolitical factors and the reality of economic growth in major Asian economies," Victor Shum, an oil consultant at Purvin & Gertz, said.
"Oil in 2012 will see a continuing strengthening trend as there are more upside risks." More

January 2, 2012 -- upstreamonline
Iran issues 'Arash ultimatum' to Kuwait
Iran said that it would launch full-scale unilateral development of the disputed offshore Arash gas field in the Persian Gulf if Kuwait does not respond to its offer of joint development, according to a report.
"Our emphasis presently is on joint partnership strategy rather than competition, and we are hopeful to reach a conclusion with Kuwait over the development of the shared Arash field," Mahmoud Zirakchianzadeh, the head of state-run Iranian Offshore Oil Company told the official IRNA news agency on Sunday, Reuters reported.
He said Iran's policy on shared oil and gas fields is partnership rather than confrontation.
But "if Iran's positive diplomacy is turned down, we will be carrying on our efforts at Arash field unilaterally just as we did at Hengam oilfield”, Zirakchianzadeh said, using stronger language than Iran has used previously in the dispute. More

January 1, 2012 -- By Kennedy Maize -- powermag.com
U.S. Confronts Pipeline Gaps While Europe Juggles Renewables and Debt
U.S. optimism has been restored by reports of abundant, reasonably priced natural gas to fuel most new generation; however, huge gaps in the fuel delivery system (thousands of miles of pipelines are needed) will soon challenge gas plant development. Meanwhile, the cloud of sovereign debt hangs over all major capital projects in Europe, where the UK moves ahead with new nuclear projects while many of its neighbors shut the door on nuclear and struggle to finance their commitment to renewables. More

Have a Happy and Prosperous New Year!

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The Law of the Sea **
Outsourcing **
US Terrorism **

The elusive recovery -- June
Employed up from 142.287m. to 142,415,000
Unemployment unchanged 8.2%
Employed unchanged 58.6%
Check the facts not the spin.

Rebuild America!
Stop importing oil from Middle East & Venezuela.
Approve 2008 ConocoPhillips oil drilling plans.
Approve 2007 Keystone pipeline plans.
End all energy subsidies.
Fast track power plants: nuclear, wind, water, oil...
Permanently end cap & trade carbon tax schemes.
Guarantee energy bonds to successful companies.
Produce more energy -- Export coal.
End the ethanol for fuel -- Export corn.
Stop Financial foreign aid -- Send corn & wheat.

5 Best Countries To Start A Business In
1. New Zealand Rank last year: 1
2. Australia Rank last year: 2
3. Canada Rank last year: 3
4. Singapore Rank last year: 4
5. Hong Kong Rank last year: 6
INC Magazine

Best countries for paying taxes
1. Maldives
2. Quatar
3. Hong Cong
4. Singapore
5. Ireland
8. Canada
72. United States
The World Bank

12 Fastest Growing Economies of 2011
By: KeithTimimi Date: December 9, 2010
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   -   7.4 %
Laos   -   7.395 %
EconomyWatch.com

The Great Global Warming Scam:
Jan 2012 -- No Need to Panic About Global Warming
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
-18000 -- Mile high Hudson Valley glaciers retreat

Proposed "budget"/fy/2012
Appendix Fiscal Year 2010

What would a $1 billion dollar bill look like?

World wide energy production is booming.
65 countries are building or planning to build nuclear power plants.


Global Growth of Nuclear


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 is 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


Compromise?
October 25, 2010 "We don't mind the Republicans joining us. They can come for the ride, but they gotta sit in back."
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
more..
The goyernment has NO money! All epenses and bailouts are, directly or indirectly, paid for by taxpayers!
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!

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

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.
Memorable quotes:
"I'm trying to save the planet" -- Nancy Pelosi: July 29, 2009
"we have to pass the bill, so you can see what's in it..." -- Nancy Pelosi: March 10, 2010
"If the United States leads, China will follow" Al Gore. -- July 8, 2009



Energy divided by taxes and regulation equals jobs

Cigarrest to Stop Smoking in 7 Days!

Nitro-Pak Ultimate Pak Freeze-Dried Food

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