Energy

Information regarding alternative energy sources.

On This Day In History, Oil Prices Have Never Been Higher

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Source: http://www.zerohedge.com

Submitted by Tyler Durden

On This Day In History, Oil Prices Have Never Been Higher

 

The recent drop in WTI crude oil prices has brought out the ubiquitous “well, that’s a tax cut for the US consumer” recency-biased talking-heads always looking for a silver-lining to justify something. What they fail to notice, is at $103.57, this is the highest price WTI crude oil has ever been at the end of September. The reason timing is important is the annual cycle of oil prices means comparing Summer with Winter and so on is misleading. So is the highest price ever for oil in the Fall still a positive for the economy?

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Of course, gas prices have fallen recently – helped by the collapse in the duopolized RINs market – tracking oddly close to 2011′s pattern… but once again 2013′s gas price is still massively more expensive than 2010′s

 

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Image credit: http://www.zerohedge.com

Fukushima nuclear plant facing new disaster

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Source: http://www.cbc.ca

By Craig Dale, CBC News

Fukushima nuclear plant facing new disaster

 

Storage tank leak sparks fears more could follow suit
An aerial view shows Tokyo Electric Power Co.'s tsunami-crippled Fukushima Daiichi nuclear power plant and its contaminated water storage tanks, bottom, in Fukushima. Japan's nuclear watchdog is concerned that more storage tanks at the wrecked Fukushima nuclear plant will spring leaks, following the discovery that highly contaminated water is leaking from one of the hastily built containers. (Reuters)

An aerial view shows Tokyo Electric Power Co.’s tsunami-crippled Fukushima Daiichi nuclear power plant and its contaminated water storage tanks, bottom, in Fukushima. Japan’s nuclear watchdog is concerned that more storage tanks at the wrecked Fukushima nuclear plant will spring leaks, following the discovery that highly contaminated water is leaking from one of the hastily built containers. (Reuters)


 

Tokyo Electric Power Company workers have detected high levels of radiation in a ditch that flows into the ocean from a leaking tank at the crippled Fukushima Daiichi nuclear plant.

Japan’s nuclear watchdog said Thursday the leak could be the beginning of a new disaster — a series of leaks of contaminated water from hundreds of steel tanks holdng massive amounts of radioactive water coming from three melted reactors, as well as underground water running into reactor and turbine basements.

Tokyo Electric Power Co. says about 300,000 litres of contaminated water leaked from one of the tanks, possibly through a seam. The leak is the fifth, and worst, since last year involving tanks of the same design at the wrecked Fukushima Dai-ichi plant, raising concerns that contaminated water could begin leaking from storage tanks one after another.

“That’s what we fear the most. We must remain alert. We should assume that what has happened once could happen again, and prepare for more,” Nuclear Regulation Authority chairman Shunichi Tanaka told a news conference. “We are in a situation where there is no time to waste.”

The watchdog also proposed at a weekly meeting Wednesday to raise the rating of the seriousness of the leak to level three, a “serious incident,” from level one, “an anomaly,” on an International Nuclear and Radiological event scale from zero to seven.

The watchdog urged TEPCO to step up monitoring for leaks and take precautionary measures.

During the meeting, officials also revealed that plant workers apparently have overlooked several signs of leaks, suggesting their twice-daily patrols were largely just a walk. They have not monitored water levels inside tanks, obviously missed a puddle forming at the bottom of the tank earlier, and kept open a valve on an anti-leakage barrier around the tanks.

TEPCO said the leaked water is believed to have mostly seeped into the ground after escaping from the barrier around the tank. It initially said the leak did not pose an immediate threat to the sea because of its distance — about 500 metres from the coastline. But TEPCO reversed that view late Wednesday and acknowledged a possible leak to the sea after detecting high radioactivity inside a gutter extending to the ocean.

The company also said the tank may have been leaking slowly for weeks through a possible flaw in its bottom. That could create extensive soil contamination and a blow to plans to release untainted underground water into the sea as part of efforts to reduce the amount of radioactive water.

The leaks have shaken confidence in the reliability of hundreds of tanks that are crucial for storing water that has been pumped into the broken reactors to keep melted radioactive fuel cool.

Multiple meltdowns

The plant suffered multiple meltdowns following a massive earthquake and tsunami in March 2011 — a level seven “major accident” and the worst since Chernobyl, in Ukraine, in 1986.

About 350 of about 1,000 steel tanks built across the plant complex containing nearly 300 million litres of partially treated contaminated water are less-durable ones with rubber seams.

TEPCO says the tanks that have leaked use rubber seams that were intended to last about five years. TEPCO spokesman Masayuki Ono said it plans to build additional tanks with welded seams that are more watertight, but will still have to rely on ones with rubber seams.

Figuring out what to do with the radioactive water is among the most pressing issues affecting the cleanup process, which is expected to take decades.

The leaked water’s radiation level, measured about 50 centimetres above the puddle, was about 100 millisieverts per hour — the maximum cumulative exposure allowed for plant workers over five years, Ono said.

Contaminated water that TEPCO has been unable to contain continues to enter the Pacific Ocean at a rate of hundreds of tons per day. Much of that is ground water that has mixed with untreated radioactive water at the plant.

Updated map of the Fukushima complex showing where two high radiation readings near storage tanks were recorded on Wednesday. (Reuters Graphics)

Updated map of the Fukushima complex showing where two high radiation readings near storage tanks were recorded on Wednesday. (Reuters Graphics)


 

With files from Associated Press

Copyright © CBC 2013

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Republished with permission

Video Assumption Parish, Louisiana Bayou Corne Sinkhole 8/21/13 of Trees being sucked into hole

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Source: http://sherriequestioningall.blogspot.com

By   Wednesday, August 21, 2013

 

Video Assumption Parish, Louisiana Bayou Corne Sinkhole 8/21/13 of Trees being sucked into hole

 

This is the first time I have seen a video of the trees being literally sucked into the sinkhole today.

They had first put out a situation report that there was no activity this morning, then they released the fact that all work had stopped on the sinkhole due to a burp event.

This was not a burp event shown on the video, it is of trees being sucked into the hole and never to be seen again.

8-22-2013 12-27-29 PM

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Here is the flyover from the 13th of August. You can see oil and carbon residue on the top of it. They keep redoing the roads around here when the sinkhole eats them. You can see the roads are not as they use to be. Also you can see all the water on the other side of the roads at one point in the video.

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Latest update:

Bayou Corne Sinkhole, Another Video with a Tall Tree going down into hole 8/22/13

Related posts:

New Assumption Parish Sinkhole Flyover Video – Yellowish Substance
A giant sinkhole in Louisiana has been slowly expanding

Why does 1, and only 1 oil refinery, not have to blend in ethanol? Another political favor?

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Source: http://www.againstcronycapitalism.org

By

Why does 1, and only 1 oil refinery, not have to blend in ethanol? Another political favor?

 

Don’t forget the ethanol mandate “tax.”

Don’t forget the ethanol mandate “tax.”

 

According to EPA regs oil refineries must blend ethanol into their gasoline product at increasing amounts until 2022. As we have noted before, the ethanol mandate is essentially a gift from taxpayers to corn producing agribusiness. The program does little for the environment, in fact it may actually increase carbon emissions, versus regular gasoline, but a powerful constituency has seized on the mandate (originally instituted under GW Bush) to pad their bottom lines.

 

It should be noted that Big Corn universally applauded the new EPA head, Gina McCarthy when she was appointed earlier this year.

To blend in ethanol is a significant burden for gasoline refiners. Some have argued that the burden is too much and have applied for exemptions from the costly process.

Only 1 refiner got an exception this year, but Washington won’t tell us which one.

(From The Daily Caller)
 
“The public should want to know too. Washington is rife with secret deals that reward select corporate players, and the numbers have only accelerated under this “most transparent” of administrations,” writes the Wall Street Journal’s Kimberley Strassel. “If the process by which the EPA issued this exemption was aboveboard, it should have no problem divulging details. Until that time, the public might fairly assume funny business.”

Click here for the article.

Image credit: http://www.againstcronycapitalism.org

 


Nick Sorrentino
About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.

The Rise Of The Bear: 18 Signs That Russia Is Rapidly Catching Up To The United States

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Source: http://theeconomiccollapseblog.com

By Michael Snyder

The Rise Of The Bear: 18 Signs That Russia Is Rapidly Catching Up To The United States

 

The-Russian-Bear-Is-Back-The-Soviet-Union-Is-Being-Revived-And-The-Cold-War-Is-Not-Over-300x300The Russian Bear is stronger and more powerful than it has ever been before.  Sadly, most Americans don’t understand this.  They still think of Russia as an “ex-superpower” that was rendered almost irrelevant when the Cold War ended.  And yes, when the Cold War ended Russia was in rough shape.  I got the chance to go over there in the early nineties, and at the time Russia was an economic disaster zone.  Russian currency was so worthless that I joked that I could go exchange a 20 dollar bill and buy the Kremlin.  But since that time Russia has roared back to life.  Once Vladimir Putin became president, the Russian economy started to grow very rapidly.  Today, Russia is an economic powerhouse that is blessed with an abundance of natural resources.  Their debt to GDP ratio is extremely small, they actually run a trade surplus every year, and they have the second most powerful military on the entire planet.  Anyone that underestimates Russia at this point is making a huge mistake.  The Russian Bear is back, and today it is a more formidable adversary than it ever was at any point during the Cold War.

Just check out the following statistics.  The following are 18 signs that Russia is rapidly catching up to the United States…

#1 Russia produces more oil than anyone else on the planet.  The United States is in third place.

#2 Russia is the number two oil exporter in the world.  The United States is forced to import more oil than anyone else in the world.

#3 Russia produces more natural gas than anyone else on the planet.  The United States is in second place.

#4 Today, Russia supplies 34 percent of Europe’s natural gas needs.

#5 The United States has a debt to GDP ratio of 101 percent.  Russia has a debt to GDP ratio of about 8 percent.

#6 The United States had a trade deficit of more than half a trillion dollars last year.  Russia consistently runs a large trade surplus.

FULL STORY

Image credit: http://theeconomiccollapseblog.com

Spain Levies Consumption Tax on Sunlight

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Source: http://libertycalling.net

Posted by Judy Morris

Spain Levies Consumption Tax on Sunlight

 

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Proving that idiocy truly has no bounds, Spain issued a “royal decree” taxing sunlight gatherers. The state threatens fines as much as 30 million euros for those who illegally gather sunlight without paying a tax.

The tax is just enough to make sure that homeowners cannot gather and store solar energy cheaper than state-sponsored providers.

Via Mish-modified Google Translate from Energias Renovables, please consider Photovoltaic Sector, Stunned The Secretary of State for Energy, Alberto Nadal, signed a draft royal decree in which consumption taxes are levied on those who want to start solar power systems on their rooftops. The tax, labeled a “backup toll” is high enough to ensure that it will be cheaper to keep buying energy from current providers…..

FULL STORY

Ethanol has a friend at the EPA

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Source: http://www.againstcronycapitalism.org

By Nick Sorrentino


Ethanol has a friend at the EPA

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The “ethanol mandate” is terrible policy and it became reality under a Republican president and Republican Congress in 2005. It mandates that fuel companies blend ethanol into their gasoline.

It was sold as a way of increasing energy independence, and a way to decrease pollution, including carbon emissions (which is still subject to debate). What it is for sure is a boondoggle for Midwest farming interests.

The ethanol in our gasoline makes our fuel less efficient. The growing and refining of corn into ethanol creates almost the same amount of carbon as an equivalent amount of gasoline. Ethanol contributes to higher grain costs which in turn contributes to higher costs for meat.

Ethanol means tax dollars going to Big Ag, my car not driving as far as it should, and more expensive steaks. Lose, lose, lose.

(From The Examiner)

The American Coalition for Ethanol announced at the time, “We appreciate President Obama nominating Gina McCarthy as administrator of EPA, a step which shows the president’s continued commitment to ethanol and other renewable fuels.”

“President Obama has made an outstanding choice in his decision to nominate Gina McCarthy to be the next administrator of the EPA,” declared Tom Buis, president of Growth Energy, another ethanol lobby. The Renewable Fuels Association and the Advanced Ethanol Council also applauded her nomination.

Click here for the article.

The Biggest Oil Discovery In 50 Years?

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Source: http://theeconomiccollapseblog.com

By Michael Snyder

The Biggest Oil Discovery In 50 Years?

 

In a virtually uninhabitable section of South Australia, a discovery has been made which could rock the world.  Some are calling it the biggest discovery of oil in 50 years.  Earlier this year, a company called Linc Energy announced that tests had revealed that there was a minimum of 3.5 billion barrels of oil equivalent sitting under more than 65,000 square kilometres of land that it owns in the Arckaringa Basin.  But that is the minimum number.  It has been projected that there could ultimately be up to 233 billion barrels of recoverable oil in the area.  If that turns out to be accurate, the oil sitting under that land is worth approximately 20 trillion dollars, and it would be roughly equivalent to the total amount of oil sitting under the sands of Saudi Arabia.  In essence, it would be a massive game changer.

If the 233 billion barrel figure is accurate (and some have even suggested that the true number could actually be 400 billion barrels), that would make it nearly 10 times larger than the Bakken formation, 17 times larger than the Marcellus discovery and 80 times larger than the Eagle Ford deposit down in Texas.

It would also mean that Australia now has more “black gold” than the nations of Iran, Iraq, Canada and Venezuela.

The closest town to this oil discovery, Coober Pedy, is in the process of being totally transformed.  It normally only has about 1,700 inhabitants, but news of this discovery has drawn in 20,000 additional people already and real estate prices in the town are absolutely skyrocketing.

So does all of this mean that gas prices will go down soon?

Well, unfortunately that is not likely to be the case.

First of all, the oil in this formation in Australia is going to be quite expensive to extract.  It has been estimated that it is going to cost up to 300 million dollars just to get this site ready for production.

In addition, many of our politicians are absolutely determined to greatly punish the use of oil because they believe that it is the primary cause of global warming.  So they continue to raise taxes on gasoline consumption.

Today, motorists in the United States pay an average of 49.5 cents of taxes per gallon of gasoline, and in the state of California motorists pay an average of 71.9 cents of taxes per gallon of gasoline.

Hopefully the price of gasoline will come down a bit over the next few years, but even if it does I would not expect it to come down too much.

But what we can be sure of is that the world is not going to run out of oil any time soon.  Those that have been predicting that we are are on the verge of an “energy doomsday” can take a rest for a while.

Sometimes it is funny to look back and remember some of the ridiculous things that our politicians were saying about oil in the old days.  For example, U.S. President Jimmy Carter made the following statement back in 1977….

“Unless profound changes are made to lower oil consumption, we now believe that early in the 1980s the world will be demanding more oil than it can produce”.

That prediction didn’t exactly work out for him did it?

It is time that the American people were told the truth about our energy situation, and the truth is that we have plenty of energy resources.  The following stats have been updated from one of my previous articles

#1 Back in 1995, the U.S. Geological Survey told the American people that the Bakken Shale formation in western North Dakota and eastern Montana only held 151 million barrels of oil.  Today, government officials are admitting that it holds 7.4 billion barrels of recoverable oil, and some analysts believe that the actual number could be closer to 24 billion barrels of oil.

#2 It is estimated that there are 19 billion barrels of recoverable oil in the tar sands of Utah.

#3 It is estimated that there are 86 billion barrels of recoverable oil in the Outer Continental Shelf.

#4 It is believed that there are 800 billion barrels of recoverable oil in the Green River formation in Wyoming.

#5 Overall, the United States is sitting on approximately 1.442 trillion barrels of recoverable oil.

#6 According to the Institute of Energy Research, the United States has an 88 year supply of natural gas.

#7 According to the Institute of Energy Research, the United States has a 169 year supply of oil.

#8 According to the Institute of Energy Research, the United States has a 465 year supply of coal.

#9 Goldman Sachs is predicting that the United States will be the number one oil producing country in the world by the year 2017.

So the bottom line is that we have plenty of energy resources.  We do not need to be importing oil from OPEC or anyone else.

But just because we are not going to run out of oil, natural gas or coal any time soon does not mean that we should not be developing alternative energy resources.  We should definitely be seeking ways to produce energy more cheaply, more cleanly and more efficiently.

If America does not end up leading the world in developing new forms of energy, we should be ashamed of ourselves.  And right now, the Chinese appear to be way ahead of us as far as thorium energy is concerned, and Italian scientists appear to be ahead of our own scientists in developing “cold fusion” technology.

So yes, let’s be glad that we are not going to be facing a crippling energy crisis in this generation, but let’s also not be complacent.  There are lots of new technologies out there just waiting to be developed, and the rewards are going to go to those that are able to develop them first.

 

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Read more articles like this at: http://theeconomiccollapseblog.com

U.S. Forcing Japan to Burn Plutonium In Nuclear Reactors

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Source: http://www.washingtonsblog.com

By WashingtonsBlog

U.S. Forcing Japan to Burn Plutonium In Nuclear Reactors

 

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The AMERICAN Government Is Dictating Japanese Nuclear Policy

Mainichi reports:

A Japanese prime ministerial envoy secretly promised to the United States that Japan would resume its controversial “pluthermal” program, using light-water reactors to burn plutonium, according to documents obtained by the Mainichi.
 
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The revelation comes as Japan’s pluthermal project remains suspended in the wake of the Fukushima No. 1 Nuclear Power Plant disaster due to safety concerns. The fact that a Japanese official promised to the U.S. to implement such a controversial project without a prior explanation to the Japanese public is expected to stir up controversy.
 
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Under the pluthermal plan, spent nuclear fuel generated in light-water reactors is reprocessed to extract plutonium, which is then mixed with uranium to create mixed-oxide (MOX) fuel for use in power generation. However, many experts have raised questions about the program, citing its high costs and the risks posed by the fuel’s comparatively low melting point and the decreased effectiveness of control rods.
 
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The documents that the Mainichi obtained are a compilation of cables recording the Ogushi-Poneman talks in the U.S. on Sept. 12 last year. During the meeting, Ogushi explained that Japan would inject all available policy resources to break away from nuclear power generation in the 2030s, that it would steadfastly promote the nuclear fuel cycle program in the medium and long term….
 
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Despite the country not knowing which nuclear reactors will be authorized to resume operations following the July implementation of the new regulatory standards, the government has been pushing ahead with its plans to restart the controversial pluthermal program.

“It is abnormal for sure,” said one official with the Agency for Natural Resources and Energy. “But it can’t be helped if the Rokkasho plant is to be put into operation.”

We explained last year:

The former Japanese Ambassador to Switzerland – Mitsuhei Murata – said recently:

In the US there are 31 [sic] units the same type of that of Fukushima nuclear plant [23 are virtually identical to Fukushima]. So, if the accident be spread too far that really embarrasses the US. So that is why the crisis of Unit 4 has been toned down recently. The USA is actually the main reason.

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This is not the only indication that the U.S. has had a large role in Japanese nuclear policy after the Fukushima disaster.  For example – in an effort to protect the American nuclear industry – the U.S. has joined Japan in raising “acceptable” radiation levels  after the disaster.

U.S. Secretary of State Hillary Clinton also purportedly signed a pact with her counterpart in Japan agreeing that the U.S. will continue buying seafood from Japan, despite the fact that the FDA is refusing to test seafood for radiation in any meaningful fashion.  So U.S. actions are helping to protect a pro-nuclear policy in Japan.

FULL STORY

New Assumption Parish Sinkhole Flyover Video – Yellowish Substance

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Source: Assumption Parish Police Jury

Posted by

New Assumption Parish Sinkhole Flyover Video – Yellowish Substance

 

7-3-2013 5-22-24 PM

Assumption Parish Video screen capture

YouTube Preview Image

Video from 7/2/2013 flyover

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