April 27, 2009
Coal Prices Crumble | www.forbes.com
Both steam and metallurgical coal demand are down. United States steam coal (for electricity generation) is down due to the economic slump affecting industrial demand and switching to cheaper natural gas-fired electricity generation in some areas of the nation. Metallurgical coal demand is down due to the crushing drop in steel production domestically and globally. Although coal demand is down significantly, it does not necessarily allow coal under contract to be excused for purchase.
April 27, 2009
Administration Stops Short of Endorsing Climate Bill | www.nytimes.com
House Democrats issued a draft climate bill titled “The American Clean Energy and Security Act of 2009” on March 31, 2009 which proposes to reduce CO2 emissions and require the development of renewable energy on a nationwide scale. The section that follows highlights important provisions contained in this 648 page draft bill.
Potential New Emissions Rules: Effect on Electricity Generation
April 27, 2009
Central New York Rep. John McHugh Takes Aim at Acid Rain | www.syracuse.com
Some in Congress are using the debate in Washington, DC on carbon tax to also include additional limits on mercury, nitrous oxide (NOx), and sulfur dioxide emissions (SO2) from coal plants. Many proposals have been floated in Congress (one of which is linked here) to limit these emissions. If any of these proposals were to pass and become law, it will have significant impact on electricity generation.
Burn Likely to Continue to Be Down for Several Months
April 27, 2009
Genscape Coal Burn Falls 2 Percent Below Same Week 2008 | uk.reuters.com
Domestic thermal coal demand is likely to continue to be down for several more months, with nothing positive on the immediate-horizon.
And there really are unicorns and if you see one you will live forever
April 23, 2009
Obama: Earth Day Speech Touts Green Jobs, Cap-and-Trade | blogs.wsj.com
The "green economy" has the potential to produce significant job growth but the Cap-and-Trade portion of this plan is failed. Cap-and-Trade is a reward for irresponsible behavior and will not remove one ounce of CO2 from the atmosphere. This is a system ripe for manipulation and corruption. It will actually increase prices and could serve to limit the value of the alternative energy initiative and job creation.
April 20, 2009
Are Old Tires Fuel or Solid Waste? - Green Inc. Blog - NYTimes.com | greeninc.blogs.nytimes.com
Used tires, along with used plastic containers, used aluminum cans and a host of other manufactured good are at the same time fuel and recycled feedstocks as well as solid waste and are important parts of the energy/environmental equation. They are a substantial risk to the environment if not properly disposed of and are a hazardous waste if left to landfills or "used tire mountains" exposed to the environment. Used tires have a place in the whole business of recycling and environmental responsibility.
Key Features of Draft Climate Bill
March 31, 2009
Democrats Unveil Climate Bill | www.nytimes.com
House Democrats issued a draft climate bill titled “The American Clean Energy and Security Act of 2009” on March 31, 2009 which proposes to reduce CO2 emissions and require the development of renewable energy on a nationwide scale. The section that follows highlights important provisions contained in this 648 page draft bill.
Amorphous Metal and Smart Grid for Distribution Network Loss Reduction
March 30, 2009
Making every electron count: the rise of the SmartGrid | www.deloitte.co.uk
In 2009, over 16 percent of all energy used is expected to be in the form of electricity, up from 9 percent in 1973. The losses average about 8.8 percent for the world, though in US and Europe the same is 7%.Currently, the average efficiency of the world's legacy electricity grids is around only 33 percent. This contrasts with 60 percent efficiency for grids based on the latest technologies. The future technologies for distribution networks will include amorphous metal, copper and smart grid technologies.Further, the cost of power outages and power quality disturbances is estimated at $180 billion annually in the United States alone.The stimate for the world would be around $768 billion.The smart grid technology can reduce this considerably.
Can Obama's Cap and Trade Rescue The Amazon and The Andes From Deforestation
March 30, 2009
A NAFTA for carbon trading? | features.csmonitor.com
As per a feature by Eoin O'Carroll in the 16th March edition of Christian Science Monitor, he reports that David Cleary, the director of conservation planning for South America at The Nature Conservancy, has suggested using some carbon market revenues to support initiatives south of the American border. Current international policy, including the Kyoto Protocol, does not recognize the protection of forests as a source for carbon emission reductions. Developing nations cannot receive credits for reducing heat-trapping gases from one of their biggest sources: deforestation. Yet, if the Amazon goes, the climate shifts will hit the United States almost as hard as Brazil, Peru and the other Amazonian countries. Therefore a NAFTA for carbon trading would allow American companies to spend the revenues from carbon trade on deforestation and to include a provision in the U.S. carbon trading system that allows U.S. companies to gain carbon credit for offsets in Latin America?
The Dimming Reality of Rio Tinto and Chinalco Deal
March 30, 2009
Market upturn may deflate Rio-Chinalco deal | www.reuters.com
Prospects may dim for Rio Tinto's $19.5 billion proposed link-up with Chinalco if strong markets boost the attraction of a rights issue and investors believe a new chairman is more willing to consider alternatives.
Shale gas abundance provides new options for energy companies
February 13, 2012
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012