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

:}

Go there and read. More next week.

:}

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
:}

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

:}

There are many things that environmentalists have said over the years. The 2 most consistently one is that there are too many people on this planet and the other is that we will pay a price for befouling our planet. This has led some to talk about the possibility of a human “die back”. Is this what the beginning of one might look like?

http://www.foreignpolicy.com/articles/2013/04/01/is_this_a_pandemic_being_born_china_pigs_virus

Here’s how it would happen. Children playing along an urban river bank would spot hundreds of grotesque, bloated pig carcasses bobbing downstream. Hundreds of miles away, angry citizens would protest the rising stench from piles of dead ducks and swans, their rotting bodies collecting by the thousands along river banks. And three unrelated individuals would stagger into three different hospitals, gasping for air. Two would quickly die of severe pneumonia and the third would lay in critical condition in an intensive care unit for many days. Government officials would announce that a previously unknown virus had sickened three people, at least, and killed two of them. And while the world was left to wonder how the pigs, ducks, swans, and people might be connected, the World Health Organization would release deliberately terse statements, offering little insight.

It reads like a movie plot — I should know, as I was a consultant for Steven Soderbergh’s Contagion. But the facts delineated are all true, and have transpired over the last six weeks in China. The events could, indeed, be unrelated, and the new virus, a form of influenza denoted as H7N9, may have already run its course, infecting just three people and killing two.

Or this could be how pandemics begin.

On March 10, residents of China’s powerhouse metropolis, Shanghai, noticed some dead pigs floating among garbage flotsam in the city’s Huangpu River. The vile carcasses appeared in Shanghai’s most important tributary of the mighty Yangtze, a 71-mile river that is edged by the Bund, the city’s main tourist area, and serves as the primary source of drinking water and ferry travel for the 23 million residents of the metropolis and its millions of visitors. The vision of a few dead pigs on the surface of the Huangpu was every bit as jarring for local Chinese as porcine carcasses would be for French strolling the Seine, Londoners along the Thames, or New Yorkers looking from the Brooklyn Bridge down on the East River.

:}

Go there and read. More next week.

:}

Yet when I go to the SJ-Rs Website I can not find the article to share with you. That is a really really bad mistake by a paper that is on its last legs. These guys claim that their digital Product is as good as their print Product, but guess what maybe not. Anyway here is the home page. You go there see if you can find it.

http://www.sj-r.com/

:}

In the mean time here is an article that I could find discussing or should I say disgusting the issue. This is a real brazen attempt by vested interests to keep a wind farm out of the State Capital. I do not know whether it is the Republican parties hatred of the topic of man caused global warming in general or because of oil and gas interests in the Capital but this is the stupidist thing the County Board has ever done. There are wind farms all over this state and Sangamon County is the only one that has to have “special” zoning codes for them. This after the City Council of Springfield, at no ones request, placed height restrictions on personal wind turbines so as to render them ineffective. This county is completely gross.

http://www.sj-r.com/local/x871170515/County-board-to-debate-new-wind-turbine-proposal

The Sangamon County Board has scheduled a special meeting Monday to look at changes to county wind turbine rules that would increase the minimum distance between a turbine and a house.

The board imposed a moratorium on wind turbines in January so it could revamp its zoning rules. The turbines use wind energy to generate electricity.

The county now requires a large wind turbine to be at least 1,000 feet or three times the diameter of the rotors, whichever is greater, from a house. The setback from the property line must be at least 1,200 feet.

While no wind farm proposals are before the county board, Springfield Project Development, a joint development between American Wind Energy Management and Oak Creek Energy Systems, is planning a wind farm in western Sangamon County.

:}

I would say, go there and read like I usually do but. More tomorrow.

:}

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.

:}

Go there and read. More tomorrow.

:}

I hate to say it but it couldn’t happen to a nicer company. For years they have been one of the least tolerant of companies. They resisted any thought of innovation. Stuck to burning coal and nuclear power plants long after it was fashionable. And snickered all the time like an evil teenager. They fought regulation until they were overwhelmed. Bad karma always comes to a bad end.

http://www.suntimes.com/business/15247115-420/comed-rate-hike-issue-delayed-customers-keep-switching.html

ComEd rate-hike issue delayed; customers keep switching

BY SANDRA GUY Business Reporter sguy@suntimes.com September 19, 2012 6:06PM

The Illinois Commerce Commission on Wednesday delayed until Oct. 3 reconsidering a Commonwealth Edison rate-hike request centered on how ComEd accounts for its pension assets.

he ICC previously approved a rate that ComEd claimed was inadequate, ruling that ComEd can’t earn a rate of return on a pension asset that isn’t fully funded.

The commission took up other issues at its meeting Wednesday in Springfield, and didn’t give a reason for the delay.

ComEd had proposed a decrease in its electricity rates totaling $40 million to $50 million, but because of the pension issue, the ICC decided May 29 to cut customers’ rates by four times that for a total of $168.6 million.

:}

Go there and read. More tomorrow.

:}

The unstable weather patterns created by Global Warming means that there will be drought and flooding somewhere in the world, more or less at the same time. So this impending hurricane just pushes the drought out of its way for a while but it will come back.

http://in.reuters.com/article/2012/08/30/us-usa-drought-idINBRE87T0Z620120830

Drought eases in U.S. Midwest, worsens in northern Plains

(Reuters) – The worst U.S. drought in a half century loosened its grip on the Midwest in the past week, helped by rain and cooler temperatures, but the drought grew more dire in the northern Plains, a report from climate experts said on Thursday.

But the improved Midwest weather arrived too late for crops in major farm states such as Kansas, Iowa, Illinois and Indiana, where severe corn and soybean yield losses have already been realized.

The portion of the contiguous United States suffering from at least “severe” drought fell to 42.34 percent from 44.03 percent over the prior week, according to the Drought Monitor, a weekly synthesis representing a consensus climatologists.

The percentage of the Midwest in that category slipped to 49.96 from 51.06 the previous week, with the most notable improvement in Indiana, 64.07 percent of which was under severe drought or worse, down from 81.48 percent a week ago.

:}

Go there and read. More next week.

:}

But the damage has already been done. The next question is what about next year. First, the seed corn was a total wash this year so right now they are trying to grow enough in Brazil to even get us going next year. But then the next question is when to plant and where. If anybody was a good enough predictor to get in during or right after the late frost then your corn would be fine and you would be sitting on a gold mine. This is contingent on us getting some moisture over the winter. If we don’t get enough moisture well then next year looks bleak.

http://www.guardian.co.uk/environment/2012/aug/30/iowa-corn-crop-drought-farmers-prices?newsfeed=true

• 
• • Dominic Rushe in Des Moines

Thursday 30 August 2012 10.44 EDT

Flying into Des Moines, the corn fields look surprisingly green. America’s midwest produces half the world’s corn and Iowa its largest harvest, yet amid the worst drought in living memory all the untrained eye can see is the occasional brown mark, like a cigarette burn on the baize of a pool table.

But appearances can be deceptive.

In Boone, Iowa, 30 miles away from the state capital, traffic backs up for miles bringing 200,000 people to Farm Progress, the US’s largest agricultural show one. Here, all the talk is of the drought.

Pam Johnson, first vice-president of the National Corn Growers Association, says she can’t remember one as bad as this in her 40 years of farming. “My parents say you have to go back to the 1930s for anything comparable,” she says. In June, her farm in northern Iowa got an inch and a half of rain. “We usually get that a week. In July we got seven-tenths of an inch, for the month.” Rain may be coming soon, thanks to hurricane Isaac, but it’s too late for America’s corn crop.

The US planted 97m acres of corn for this year’s crop – the most since 1937. If everything had gone according to plan, this year’s harvest would have produced a new record, at close to 15bn bushels of corn (a bushel is 24 million metric tonnes). It’s too early to say what the final tally will be, but the US department of agriculture has slashed its forecast to 10.8bn. Dan Basse, president of AgResources, an independent agriculture analyst, says that figure is likely to come down. “We’ve lost 4bn bushels of corn. That’s the largest loss in history, and we could lose another,” he says. The USDA has declared counties in 38 states to be “disaster areas”. About 72% of cattle areas are experiencing drought.

:}

Go there and read. More tomorrow.

:}

Water is a utility issue, an environmental issue, an energy issue and a residential issue. So it makes sense to cover it here. Next week I turn to the energy policies of the Presidential candidates.

http://seattletimes.nwsource.com/html/nationworld/2019013218_apusdroughtwellwitchers.html

Originally published Wednesday, August 29, 2012 at 5:14 AM

In drought, drillers offering even water witching

Well driller Randy Gebke usually uses a geology database and other high-tech tools to figure out where to sink new water wells for clients. But if asked, he’ll grab two wires, walk across the property, waiting for the wires to cross to find a place to drill.

By DAVID MERCER

Associated Press

CHAMPAIGN, Ill. —

Well driller Randy Gebke usually uses a geology database and other high-tech tools to figure out where to sink new water wells for clients. But if asked, he’ll grab two wires, walk across the property, waiting for the wires to cross to find a place to drill.

Gebke is water witching, using an ancient method with a greater connection to superstition than science.

Thousands of wells have gone dry this summer in the worst drought the nation has experienced in decades. Some homeowners are spending as much as $30,000 to have new ones drilled, and Gebke said most potential customers in his area expect water witching to be part the deal.

“Over 50 percent of the time in that conversation, they ask do we have a witcher on the crew,” he said. “And my response is, `We have a witcher on every crew.’”

:}

Go there and read. More tomorrow.

:}

This drought is so severe that it will take more then a hurricane to end it.  Two or three hurricanes maybe, but this one no way.

http://www.washingtonpost.com/business/tropical-storm-isaac-could-bring-welcome-rain-to-midwest-but-unlikely-to-break-drought/2012/08/28/3066b0a4-f0e0-11e1-b74c-84ed55e0300b_story.html

Tropical Storm Isaac could bring welcome rain to Midwest but unlikely to break drought

Those areas are among those hard hit by the drought that stretches from the West Coast east into Kentucky and Ohio, with pockets in Georgia and Alabama. The rain that falls inland likely will ease but not eliminate drought, because those areas are so dry, said Mark Svoboda, a climatologist with the National Drought Mitigation Center.

Arkansas rancher Don Rodgers said his area is short 17 inches of rain this year. He said even a couple of inches from Isaac would make a significant difference because he would have water for his cattle and might be able to grow some forage for this winter.

:}

Go there and read. More tomorrow.

:}