Speculators


I always assumed that they were manipulating the process by holding refinery constant and manipulating available supple. But it looks like they are actually cooking the books as well. Wonder why it took 11 years to catch them at it and only in Europe? Come on! Russia is nothing but one big criminal open sewer. But we shall see as the investigation unfolds.

http://www.usatoday.com/story/money/business/2013/05/16/oil-price-fixing-scandal/2166857/

Oil price-fixing scandal heats up in Europe

Pablo Gorondi, AP Business Writer

The European Union’s executive arm, the Commission, confirmed it has raided the offices of a number of oil industry companies for possible price-fixing.

Here are some questions and answers on the investigation.

— Which companies were raided and why?

The EU Commission did not say which companies it is investigating. However, some firms have confirmed they are part of the probe. They include Britain’s BP, Royal Dutch Shell, which is listed in London and Amsterdam, and Norway’s Statoil. Platts, a division of McGraw-Hill Financial that compiles and provides data and news for the energy market, also said its offices in London were raided.

The three oil companies are all major producers in the international energy industry and contribute data to Platts’ Market on Close (MOC) pricing process, which every day publishes the final trading price for numerous commodities.

The EU said it has concerns that some companies may have tried to manipulate the pricing process by colluding to report distorted prices and by preventing other companies from submitting their own prices

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Go there and read. More next week.

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I got an email from Southern Illinois that said 30 big rigs had rolled through town yesterday morning. I figure that that is enough for 2 wells. It seems like some drilling company has decided to “go for it”. Which makes sick and disgusting sense. Many of the leases die at the end of April, there have not been test wells drilled so no one knows what is down there and it takes about  7 days to to drill a well and frack it. That would have the wells beginning to come in as the lease expires. This is what I said in print.

Thursday, April 11,2013

Letters to the Editor 4/11/13

Fracking and litter control act

By Letters to the Editor

 

FRACKING STINKS

I am

writing to argue for a moratorium against fracking in Illinois (SB 1418). Chicago environmentalists argue that “fracking is going to happen anyway.” That is a total capitulation to the industry. The bill that the environmentalists endorse (HB2615) is amazing in the things it does not prevent. It does not force the frackers to recycle their water, allows for methane flaring, allows wells within 300 feet of water sources, allows wells within 500 feet of a house, does not allow adequate testing of produced waters especially for radiation and then allows that waste to be deep well injected and finally allows for the state to overrule counties and municipalities who do not want fracking or more protective measures.

Many states have tried to establish hydraulic fracturing regulations that would allow the industry to drill safely. The problem is regulations do not work. The industry always violates the regulations and when caught pays the fine as part of standard operating procedure. These violations include injecting radioactive water underground, open pit storage of fracking and waste waters even where not permitted, the production of toxic fumes and the sickening of residents, well water contamination and the direct dumping of toxic water into springs and streams. They have gone so far as to sell toxic water to county townships to suppress dust in the summer and to de-ice roads in the winter as if that was safe. Homeowners are duped into selling mineral rights without being told that it will make their houses impossible to sell and wreck their mortgages. In Pennsylvania their violations include:

- 224 violations of “failure to properly store, transport, process or dispose of residual waste.”

- 143 violations of “discharge of pollutional material to the waters of Commonwealth.”

- 140 violations of “pit and tanks not constructed with sufficient capacity to contain pollutional substances.”

This does not include the actual damage that they do to the environment, like damaging the roads where they work, and flaring the natural gas that should be harnessed as a fuel source and the constant noise pollution that the above activities produce. I was visiting a friend in Colorado when such a well was put in and the noise and smell alone were enough to sicken me.

Doug Nicodemus
Riverton

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Go there and read. They did a whole 5 page article on the issue. More later.

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Pro  Nuke people always ignore the long chain that leads up to the first Nuclear reaction, including mining the dangerous ore and the tremendous construction costs. This chain may negate at least several years of their contention that Nuclear Power is “carbon free”. They also never discuss the after chain. Which includes both the disposal of the waste from the reactor but eventually the cost of decommissioning the reactors themselves. I think that Yucca Mountain was a perfect response to that, but I am alone on that one. This piece also mentions the distructive economic system that these reactors would perpetuate, which is disgusting. BUT the larger picture is that nuclear reactors are totally unnecessary. I have included here only the Monthly Review’s preface.

http://monthlyreview.org/2011/02/01/on-nuclear-power

On Nuclear Power

Response to John W. Farley’s ‘Our Last Chance to Save Humanity’

and

Monthly Review has long been on record as opposed to the expansion of nuclear energy.1 Most recently, some of the dangers of nuclear power, both in its present form and with continuing new technological developments, were spelled out by Robert D. Furber, James C. Warf, and Sheldon C. Plotkin of the Southern California Federation of Scientists, in their article on “The Future of Nuclear Power” (MR, February 2008).

Nevertheless, we recognize that many scientists, including climatologist James Hansen and our friend, physicist John W. Farley, now see a place for nuclear energy as a kind of last resort, given the dire planetary threat raised by the burning of fossil fuels—made even more dire by the current shift toward even dirtier, more carbon-emitting fossil fuels, such as lower grades of coal, oil from tar sands, and shale oil. If nuclear power presents great dangers to the human population and the earth, it also cannot be denied that the continuation of “business as usual” with respect to carbon emissions will lead to eventual social, economic, and ecological collapse, threatening civilization and most species, including our own. Under these circumstances, it is not surprising that some are looking at nuclear energy as a lesser, or more remote, evil. Moreover, the prospect, though still at the theoretical/experimental stage, of revolutionary developments in nuclear power technology, namely Generation IV plants, which could greatly increase the efficiency of nuclear fuel use, reducing the nuclear waste generated, is also changing the nature of the controversy for some.

Yet, in our view, none of this alters the essential nature of the problem: the crossing of planetary boundaries by an economic system that, as long as it exists, must continually produce more and more goods, and thus degrade the environment. In this context, a turn to nuclear energy as a solution is both myopic and a Faustian bargain. The development of alternative energy sources coupled with conservation, in the context of radical transformations in social relations, constitutes the only real, long-term solution.

 

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Go there and read. More tomorrow.

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I was going to start a meditation on Environment and Energy Conservation websites today but then I got to this story in the Illinois Times. I am actually citing the one from the St. Louis Dispatch but you can find the Illinois times one here:

http://www.illinoistimes.com/Springfield/article-10536-state-gives-ameren-a-pollution-pass.html

So here is the piece from the SLD, mainly because I hardly ever link up with them.

http://www.stltoday.com/news/state-and-regional/illinois/ill-regulators-delay-ameren-pollution-controls/article_123019f5-fe57-5971-9600-4f4c4d7281cb.html

Ill. regulators delay Ameren pollution controls

State regulators have granted Ameren Corp. a five-year delay in the installation of pollution controls at a large coal-fired power plant in southeastern Illinois after the company threatened to close other plants and cut hundreds of jobs.

The Illinois Pollution Control Board granted the delay Thursday, giving the St. Louis-based company until 2020 to install equipment to control smog, which is linked to heart and lung problems. The company had initially agreed to do it by 2015.

Ameren had argued that because of the drop in electricity prices _ driven in part by competition from natural gas plants _ it could no longer afford to finish installing sulfur dioxide scrubbers at its Newton plant under the original timetable.

Environmental groups lambasted the regulators’ decision, saying it undercuts the state’s pollution standards. Ameren said the move was necessary to save jobs.

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Go there and read. More tomorrow.

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Come on. 4 refineries in a 4 state region are effected at the same times by “disasters” that would be easy to contrive. In 2 of the biggest markets in the country, the Great Lakes Region and California. Can that be an accident. Looks highly suspicious to me. One thing is for sure everybody is loving those rising gas prices besides the drivers and President Obama. Maybe that is what they are after, defeating Barack Obama and electing one of their own Mittens Romney.

http://www.ajc.com/news/nation-world/fire-is-latest-pollution-1494592.html

Fire is latest pollution problem at Chevron plant

National / World News 12:06 p.m. Thursday, August 9, 2012

By JASON DEAREN

The Associated Press

SAN FRANCISCO — A massive Chevron oil refinery fire that sent hundreds of people rushing to hospitals and is pushing West Coast gas prices higher was just the latest pollution incident at the facility that records show has increasingly violated air quality rules over the past five years.

The refinery is one of three such facilities near San Francisco that rank among the state’s top 10 emitters of toxic chemicals, according to the U.S. Environmental Protection Agency’s Toxic Release Inventory.

Chevron’s Richmond refinery — the scene of Monday’s fire that shrouded the area in black smoke — has been cited by San Francisco Bay area regulators for violating air regulations 93 times in the past five years.

The number has increased from 15 violations in 2007 to 23 in both 2010 and 2011. The refinery is also the state’s largest emitter of greenhouse gases, according to state regulators.

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Go there and read. State Fair starts today so I may be gone  for a couple of days. More tomorrow.

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I have no idea how much Keystone and the Koch brothers gave to the Springfield, IL Chamber but it must have been a bunch because they hired someone to coordinate their support for the project. The first I knew of it was a Editorial published in what is left of the State Journal Register. So this posting and the next are in part my preparation for a counter Editorial.

http://switchboard.nrdc.org/blogs/rkistner/a_native_people_fight_a_dantes.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+switchboard_rkistner+%28Switchboard%3A+Rocky+Kistner%27s+Blog%29

Rocky Kistner’s Blog

In Canada’s Tar Sands, a Dante’s Hell Threatens People Nearby and Across the Globe

In Canada’s western province of Alberta, Melina Laboucan-Massimo’s community—the Lubicon Lake Nation—has endured a withering toxic tar sands oil assault, an Armageddon against nature few Americans are fully aware of. Here in the once pristine sub-Arctic, tar sands mining operations level vast swaths of boreal forests near native lands, as pipelines burst and spew corrosive chemical-laced tar sands oil into rivers and lakes.

The Lubicon are used to living in harmony with nature. But tar sands mining has brought a deadly discordance to their environment. Melina has watched family and friends battle unheard of cancers and respiratory ailments; she’s listened to local fishermen and hunters complain about unusual lesions and tumors festering in their catches and prey. She’s reacted in disbelief as her government has sponsored airborne sharpshooters to gun down mighty Canadian wolf packs—a zero sum game that is killing one species to try to save another—as dwindling herds of caribou flee their disappearing forest homes and may be gone forever in the not so distant future.

For members of the Lubicon Lake Nation, it is a nightmare of Kafkaesque proportions. Their verdant land of abundant wildlife is metastasizing into pock-marketed battlefields of a thousand Verduns. Melina and other community leaders have not sat idly by as the environmental carnage unfolds around them. She has testified before Congress, spearheaded Greenpeace protest actions, and worked tirelessly to get the word out about the devastation in her community.

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Go there and see the video. Go there and read. More tomorrow.

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Yah right. That is so laughable. Even after they announced that they were going to try to bring 5 nuclear plants on line there were no commercial backers and so the price went up before they even started. It has been all downhill since then.

http://abcnews.go.com/US/wireStory/news-guide-building-nuclear-power-plants-16750327#.T_2tBZGkNyU

News Guide: Nuclear Industry Facing Cost Pressures

By The Associated Press
July 10, 2012 (AP)

Q: How many nuclear plants are under construction in the U.S.?

A: Three. Two nuclear reactors are being built at Plant Vogtle in eastern Georgia. Two more reactors are under construction at Plant Summer in central South Carolina. A fifth reactor mothballed in 1985 is being finished at Plant Watts Bar in Tennessee.

Q: How often are nuclear plants built?

A: The last nuclear plant built in the United States was the existing reactor finished at Watts Bar in 1996.

Q: How much does a nuclear plant cost?

A: Billions of dollars. Nuclear plants are among the most complicated and expensive infrastructure projects in the world. The plants require incredible amounts of design and engineering work and must be built to exacting safety standards. Federal inspectors can require that parts of the plant be ripped out and replaced if they don’t meet muster. The plants require huge amounts of metal, concrete, cables and wires. Building two Westinghouse Electric Co. AP1000 reactors at Plant Vogtle is supposed to cost roughly $14 billion, though the final expenses could be more.

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Go there and read the rest. More tomorrow.

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Got no more to say than the title. This is some really dumb stuff.

http://online.wsj.com/article/SB10001424052970204012004577072470158115782.html

The Cellulosic Ethanol Debacle

Congress mandated purchase of 250 million gallons in 2011. Actual production: 6.6 million.

‘We’ll fund additional research in cutting-edge methods of producing ethanol, not just from corn but from wood chips and stalks or switch grass. Our goal is to make this new kind of ethanol practical and competitive within six years.”

—George W. Bush, 2006 State of the Union address

Years before the Obama Administration dumped $70 billion into solar and wind energy and battery operated cars, and long before anyone heard of Solyndra, President Bush launched his own version of a green energy revolution. The future he saw was biofuels. In addition to showering billions of dollars on corn ethanol, Mr. Bush assured the nation that by 2012 cars and trucks could be powered by cellulosic fuels from switch grass and other plant life.

To launch this wonder-fuel industry, the feds under Mr. Bush and President Obama have pumped at least $1.5 billion of grants and loan subsidies to fledgling producers. Mr. Bush signed an energy bill in 2007 that established a tax credit of $1.01 per gallon produced.

Most important, the Nancy Pelosi Congress passed and Mr. Bush signed a law imposing mandates on oil companies to blend cellulosic fuel into conventional gasoline. This guaranteed producers a market. In 2010 the mandate was 100 million barrels, rising to 250 million in 2011 and 500 million in 2012. By the end of this decade the requirements leap to 10.5 billion gallons a year.

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Go there and read as long as you can bare it. More tomorrow.

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Already a group of scientists and volunteers moved a butterfly north because of the warming climate. Our zoos are being referred to as “lifeboats” for extinct “in the wild” animals. This is no longer funny. People should be going to jail for this but it turns out that jails are only for poor people and white collar criminals not the uber wealthy who control the literal power structure that is causing this.

http://www.livescience.com/17719-species-extinctions-climate-change.html

Extinctions from Climate Change Underestimated

Wynne Parry, LiveScience Senior Writer
Date: 04 January 2012 Time: 09:31 AM ET

As climate change progresses, the planet may lose more plant and animal species than predicted, a new modeling study suggests.

This is because current predictions overlook two important factors: the differences in how quickly species relocate and competition among species, according to the researchers, led by Mark Urban, an ecologist at the University of Connecticut.

Already evidence suggests that species have begun to migrate out of ranges made inhospitable by climate change and into newly hospitable territory.

“We have really sophisticated meteorological models for predicting climate change,” Urban said in a statement. “But in real life, animals move around, they compete, they parasitize each other and they eat each other. The majority of our predictions don’t include these important interactions.”

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Go there and read. More tomorrow.

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This is the Republican Corporate dreamland. Proclaiming that you are the energy source of  the future doesn’t make it so. But mix in a fair number of under educated farm people who will believe anything and Westinghouse who has everything to gain and you have a Missouri wet dream. Unfortunately this is just that, only it is a bad dream. I mean really, if we make it small and spread it around it will work better? Get out.

http://www.moenergyfuture.org/blog/breaking-news-exciting-investment-opportunity-for-missouri-announced-today/

Breaking news: Exciting investment opportunity for Missouri announced today

Posted on April 19, 2012

On Thursday, April 19, Missouri’s energy future took a giant leap forward as investor-owned, cooperative and municipal utilities announced that they are partnering with Westinghouse Electric Company to apply to the Department of Energy’s Small Modular Reactors (SMR) investment fund for up to $452 million. The funding will support engineering, design certification and licensing for SMRs in Missouri.

This historic partnership could make Missouri a world leader in the energy sector economy.  Gov. Jay Nixon, Sen. Mike Kehoe, Rep. Jeanie Riddle, Chairman Pollock and the overwhelming majority of members of the General Assembly who support nuclear power and helped make this amazing opportunity a reality, should be applauded for their hard work and commitment to Missouri’s energy and economic future.

Over the last four years, MBEF’s supporters across the state educated the public to show that cleaner, alternative energy sources like nuclear are a path forward for Missouri. Today, we are another step closer to creating jobs, boosting our economy and securing our energy future.

This announcement could make Missouri home to an SMR component manufacturing center, engineering and design center, and training facility for engineers—establishing Missouri as a world leader and exporter in energy technology and manufacturing.  In addition to the construction of new SMRs, thousands of Missourians will be put to work because of this project.

An economic impact study about the SMR project is in process and will be made available later this spring.

For more information about SMRs, please visit the below websites.

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Go there and laugh. More tomorrow.

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