How Many Countries Does It Take To Change A Light Bulb? Apparently Many

Will we ever learn?

 http://news.yahoo.com/s/ap/20081212/ap_on_bi_ge/eu_poland_climate_talks

Poor nations to get funds

 to fight climate change

POZNAN, Poland – Negotiators at a U.N. climate conference broke through red tape and freed up millions of dollars Friday to help poor countries adapt to increasingly severe droughts, floods and other effects of global warming.“This could be the one thing to come out of Poznan,” said Kit Vaughan of WWF-Britain.The decision in the final hours of the two-week conference could begin to release some $60 million (euro45 million) within months, according to delegates and environmentalists following the closed-door talks.“This is an important step,” said delegate Mozaharul Alam of Bangladesh.Alam said ministers and senior delegates from dozens of countries decided to give a blocked fund’s governing board the authority to directly disburse money to developing countries for projects to reduce greenhouse gases.

Until now, the U.N.-backed Adaptation Fund board could not operate because its board had no right to approve and sign those contracts.

The fund is derived from a 2 percent levy on offset investments that industrial nations make on green projects in the developing world. The negotiators have been discussing other ways to ramp up the fund into the billions.

The agreement was one of the few concrete goals the delegates set for Poznan when the talks began Dec. 1. Delegations from nearly 190 countries are negotiating a new climate change pact, to be completed next December in the Danish capital of Copenhagen, that would succeed the Kyoto Protocol when it expires in 2012.

:}

:}

Instead Of Global Warming It Should Be Called Hot Acid Ocean – Maybe then people would get it..replacement post 11/27/08

Once we kill off the Oceans of the Earth, what shall we do next?

;]

http://www.montereycountyweekly.com/archives/2008/2008-Nov-13/is-the-ocean-a-victim-of-global-warming-our-intrepid-reporter-travels-thousands-of-miles–from-moss-landing-to-peru-and-chile–to-crack-an-environmental-crime/1/@@index

Posted November 13, 2008 12:00 AM

Liquidity Crisis

Is the ocean a victim of global warming? Our intrepid reporter travels thousands of miles – from Moss Landing to Peru and Chile – to crack an environmental crime.

A cold, salty wind blows from the west. The gray Pacific Ocean – incubator of slimy life, cycler of nutrients, composer of storms – doesn’t seem like itself lately.

The bully they call El Niño seems to be coming around more often, screwing with every fishery he touches. Niño plays games with the world’s weather, flooding dry Peruvian coastal towns while parching lush Indonesia.

Expanding offshore twilight zones of low oxygen turn fish into refugees and kill whatever can’t swim away. Oregon fishermen pull up buckets of dead crabs while jumbo squid pulse poleward, happier than clams in the suffocating layer. Other warm-water species are hanging out in places that used to be too cool for them. Tropical storms are getting meaner; jellyfish are swarming.

Meanwhile, the mad chemist known as pH is tinkering with the ocean’s ions, making California’s coast more acidic than the psychedelic ’60s. Dolphins file noise complaints, the shells of microscopic snails dissolve, and light-reflecting plankton retreat.

The sea’s weird behavior is a tough nut to crack, but some of the world’s sharpest minds are on the case. Their chief suspect is carbon dioxide, code-named CO2: atmospheric loiterer, weather tweaker, planet heater.

;]

For much more see this article or google “acid ocean” and watch the hits grow.

Novel Uses Of Energy – People are always thinking

To finish up the week of silly (stop this skit) uses of energy, we bring you the life sucking essence, the Data Center. Or really big computers using really really big amounts of power.

http://www.cio.com/article/415119/Data_Centers_Explore_Novel_Ways_to_Cut_Energy_Use

Data Centers Explore Novel Ways to Cut Energy Use

June 27, 2008 — IDG News Service

Putting data centers on decommissioned ships and reusing hot water from cooling systems to fill the town swimming pool were among the wackier ideas floated at the Data Center Energy Summit on Thursday.

Data center operators came together to compare notes about the best ways to tackle rising energy consumption at their facilities. Ideas ranged from the exotic to the more down to earth, like improving air-flow management and using outside air in colder climates to cool equipment.

After a brief lull a few years ago, a new wave of data center construction and expansion is under way, stretching the power and cooling capacities of existing facilities and putting pressure on utilities’ electrical grids, speakers here in Santa Clara, California, said.

:}

Instead of making them more efficient, they just treat the problem as extenalities.

That’s forcing some data centers to consider unusual solutions. One large health-care center is looking at reusing hot water expelled by its cooling systems to do its laundry, Bapat said. A hosting company in the Northeast is freezing water overnight, when the cost of electricity is cheaper, and then blowing air over the ice during the day to provide cold air for cooling systems.

Another company hopes to put portable data centers on ships docked at port, giving it “the biggest heat sync in the world [the ocean] to get rid of waste heat,” Bapat said.

:}

Have a really good weekend.

:}

The Topic Of The Week Is Silly Energy Uses – As typed in at Google

I was shocked when I type in Silly Energy Uses into Google and got back 8 out of 10 references to Sarah Palin. But then I thought about it and realised that the Drill Here, Drill Now crowd does look silly, with oil prices in the 50$$ per barrel range and maybe going to 40$$ a barrel. The Saudis, the Ruskies and the Venezualans (should we call them Vennies?) have got to be looking to kill a bunch of Hedge Fund Operators and other bizzilionaires. Though the Brazilians (Brazzies?)got pletty of crap all over their faces too. What in the world are they going to do with all those oil rigs?

I have not had so much laughter and fun since the gas lines in the 70’s and the recession that led up to globalization in the 80s.

http://www.salon.com/tech/htww/2008/10/29/sarah_palin_on_energy/

 htww.png

Sarah Palin’s silly energy speech

When the announcement that John McCain had chosen Sarah Palin to be his running mate broke across the political landscape like an Alaskan mountain avalanche, many analysts, including yours truly, jumped to the conclusion that her background in energy issues made her a savvy choice in an era of record-breaking oil prices. McCain’s “drill here, drill now” mantra was taking a bite out of Obama’s poll numbers, and the immediate expectation was that Palin would be a potent vehicle for delivering energy-related soundbites.

But it didn’t turn out that way. On Wednesday morning, oil traded at $65 dollars a barrel, more than 50 percent off its July peak of $147. The financial crisis proved more riveting than gas prices, and Sarah Palin’s rocky performance as a debutante on the national political stage swiftly obliterated the conventional wisdom that she could be an asset to the McCain campaign.

 :}

But Palin’s speech is still worth some attention, because it clearly makes the case for why the McCain-Palin agenda is fundamentally wrong for the United States.

Palin started off by acknowledging that “the price of oil is declining largely because of the market’s expectation of a broad recession that would lower demand.” She was absolutely correct to note that “this is hardly a good sign of things to come,” and that “when our economy recovers, and growth once again creates new demand, we could run into the same brick wall of rising oil and gasoline prices.”

(:=} even the Saudis got to get into the act)

http://online.wsj.com/article/SB122523334615277739.html

 LONDON — The slump in oil prices has spread relief among consumers and fuel-reliant industries, but also is squeezing the companies who could invest in new sources of oil — spurring concerns that prices will prompt them to shelve investments.

Industry executives warn that could mean the world will face a dramatic ramping up of prices as soon as the global economy, and demand, begins to rebound.

“Low oil prices are very dangerous for the world economy,” said Mohamed Bin Dhaen Al Hamli, the United Arab Emirates’ energy minister, speaking Tuesday at an oil-industry conference in London. 

(:=}

The piece drew many comments but the first is the most rational. Then they decay into the IT CAN’T BE DONE comments from the ignorant right. As usual.

 http://letters.salon.com/tech/htww/2008/10/29/sarah_palin_on_energy/view/index3.html?show=all

What we need is a commitment to relatively low-tech alternative energy

Solar satellites and fusion energy are pie-in-the-sky ideas that have been around forever and have yielded little practical promise. Existing earth-based solar collector and wind farm technology could provide a substantial percentage of our energy needs right now. Dedicating a few hundred square miles of CA/NV desert land to a massive solar collector that could provide 100% of U.S. electrical needs would be a worthy investment.

 http://www.gossiprocks.com/forum/u-s-politics-issues/86951-sarah-palins-silly-energy-speech.html

Both the McCain/Palin campaign and the Obama/Biden campaign are making unrealistic promises about the prospect of reaching energy independence. As Obama himself notes, when you consume 25 percent of the world’s oil but own only 3 percent of the world’s oil reserves, energy independence isn’t ever going to come from expanding domestic production.The difference between the two campaigns is that McCain/Palin is more unrealistic. Obama has made it clear that his energy independence plan will requires massive expansion of alternative and renewable energy resources and huge investments in conservation and energy efficiency, even as he acknowledges that more investment in offshore drilling, nuclear power, and clean coal will also most likely be necessary. (McCain and Palin routinely misrepresent Obama’s position on nuclear power and clean coal, and the vice presidential candidate did so again today.)Palin devoted one paragraph of her energy security policy speech to alternative energy solutions.

In our administration, that will mean harnessing alternative sources of energy, like wind and solar. We will end subsidies and tariffs that drive prices up, and provide tax credits indexed to low automobile carbon emissions. We will encourage Americans to be part of the solution by taking steps in their everyday lives that conserve more and use less. And we will control greenhouse gas emissions by giving American businesses new incentives and new rewards to seek, instead of just giving them new taxes to pay and new orders to follow.

That’s not enough. True leadership on energy requires devoting more than one paragraph to vague handwaving about wind and solar and greenhouse gas emissions. Economic turmoil and low oil prices may have shunted renewables and conservation off the main track for now, but to quote Palin, “this is hardly a sign of good things to come.”

 :}

But then the real waste of Energy was people trying to “figure out the real” John McCain. He was the guy who wanted to build 100 NUKES and was too old and out of touch to be President.

http://sillyhumans.blogspot.com/

 By TIM DICKINSON Posted Oct 16, 2008 7:00 PM


This is the story of the real John McCain, the one who has been hiding in plain sight. It is the story of a man who has consistently put his own advancement above all else, a man willing to say and do anything to achieve his ultimate ambition: to become commander in chief, ascending to the one position that would finally enable him to outrank his four-star father and grandfather.

In its broad strokes, McCain’s life story is oddly similar to that of the current occupant of the White House. John Sidney McCain III and George Walker Bush both represent the third generation of American dynasties. Both were born into positions of privilege against which they rebelled into mediocrity. Both developed an uncanny social intelligence that allowed them to skate by with a minimum of mental exertion. Both struggled with booze and loutish behavior. At each step, with the aid of their fathers’ powerful friends, both failed upward. And both shed their skins as Episcopalian members of the Washington elite to build political careers as self-styled, ranch-inhabiting Westerners who pray to Jesus in their wives’ evangelical churches.

 http://www.rollingstone.com/news/coverstory/make_believe_maverick_the_real_john_mccain

On the grounds between the two brick colleges, the chitchat between the scion of four-star admirals and the son of a prizefighter turns to their academic travels; both colleges sponsor a trip abroad for young officers to network with military and political leaders in a distant corner of the globe.

“I’m going to the Middle East,” Dramesi says. “Turkey, Kuwait, Lebanon, Iran.”

“Why are you going to the Middle East?” McCain asks, dismissively.

“It’s a place we’re probably going to have some problems,” Dramesi says.

“Why? Where are you going to, John?”

“Oh, I’m going to Rio.”

“What the hell are you going to Rio for?”

McCain, a married father of three, shrugs.

“I got a better chance of getting laid.”
 :}

:}

Space Shuttle Disaster – Well it would be if they quit flying it

Normally I stick to the light commercial/ residential energy consumer markets and grass roots environmental issues. This blog will occasionally address industrial issues especially involving large power generators. The Space Shuttle is so way past industrial that well it’s hard for this blog to comment. I am also very conscious of the 2 we collectively blew up. I lived through both of them and the fire aboard the Apollo 1 space flight testing. That said I think NASA needs to keep flying the Shuttles until they have an effective replacement for it. NASA argues that they don’t have the money or the manpower to do both. I think that is sissy talk myself. The Hubble needs them and so does the International Space Station. We are never leaving this solar system of ours. That’s a fact Jack. Even Asimov said it would take us 100 years to have the infrastructure in place to go to Mars so let’s slow down and get this one right. The first thing we need to do is create an integrated space command so that everyone is flying together.

We need to create reuseable space stuff too. Our orbit is starting to look like a flying garbage dump. We have our stuff scatterred willy nilly over 4 planets besides our own. We have even thrown something out into the galaxy. But throwing stuff away, like Burning Behavior will take several posts.

http://space.newscientist.com/article/dn15145-space-shuttle-is-key-issue-for-obama-agency-says.html

Space shuttle is key issue for Obama, agency says

  • 22:48 06 November 2008
  • NewScientist.com news service
  • Rachel Courtland

Incoming president Barack Obama must decide the shuttle’s fate soon if he wants to keeps its replacement on schedule, the Government Accountability Office says (Image: NASA)

Related Articles
  • Problems mount for NASA’s Ares rocket
  • 28 October 2008
  • What direction now for US space exploration?
  • 03 October 2008
  • Moonlighting engineers design alternative NASA rocket
  • 21 July 2008
  • Search New Scientist
  • Contact us

Web Links

US president-elect Barack Obama will need to decide soon whether to retire the space shuttle in 2010 or extend its life, a government oversight office said on Thursday.

The space shuttle is one of 13 ‘urgent’ issues that face the next US president, according to a US Government Accountability Office (GAO) list. “These are issues that will require the attention of the President and Congress early on in the next administration,” says GAO spokesperson Chuck Young.

Deciding the fate of the shuttle is particularly time-sensitive, Young says. If the government decides to fly more shuttle missions, it could impact how quickly NASA can move forward with a shuttle replacement, set to be ready to fly by March 2015.

The replacement, the centrepiece of a NASA programme called Constellation, would end a five-year gap in the US’s ability to transport astronauts to space. During the interim, astronauts will have to hitch rides to the International Space Station on Russian Soyuz capsules.

Interdependent programmes

Extending the shuttle’s lifetime means that if “NASA’s budget doesn’t change, it will put Constellation off”, says Cristina Chaplain of the GAO.

But even with more money, NASA may not be able to close the gap in its access to space. That’s because the shuttle and Constellation programmes are interdependent, Chaplain told New Scientist.

The agency needs to free up facilities and personnel that currently maintain the shuttle fleet for work on the replacement vehicle, an Apollo-inspired capsule called Orion that will launch atop the Ares I rocket.

Congress built in time for Obama to decide the shuttle’s fate. NASA is not allowed to take any actions before 30 April 2009 that would prevent the shuttle from flying safely after its scheduled retirement in 2010, according to the agency’s new authorisation act, which passed in October.

:}

Would you care to bet on that?:

 http://www.hubdub.com/m21244/Will_the_Space_Shuttle_retire_by_the_end_of_2010_as_planned

Will the Space Shuttle

retire by the end of

2010, as planned?

Current forecast: 30% chance

Combining all predictions, the current forecast is that this is 30% likely to happen (unchanged in last 1 day)

The addition of an extra mission to NASA’s space shuttle flight manifest could significantly reduce the chance of retiring the orbiter fleet in 2010 as planned, possibly to as low as 5 percent, the Congressional Budget Office (CBO) said in a report released Monday [Nov 3, 2008].
The CBO studied risks associated with delaying the space shuttle’s retirement and how that would affect work on the replacement system – consisting of the Orion Crew Exploration Vehicle and the Ares I launcher – which is expected to debut in 2015.
The report concluded there was a 20 to 60 percent chance NASA would be able to fly all of the 10 scheduled shuttle missions in the next two years. The addition of an 11th mission to transport the Alpha Magnetic Spectrometer to the space station, as Congress has directed, would reduce that probability to between 5 and 30 percent, the CBO report said.
:}

Then again the way the Orion and the Constellation are going they may have all the time in the world:

 http://www.space.com/news/081104-nasa-shuttle-retirement-cbo.html

 The gap between the shuttle’s retirement and the first flight of Orion and Ares I could widen if NASA cannot keep Orion’s mass from growing during development. Other issues that could delay Orion and Ares I include a longer-than-expected development of Ares I’s J-2X upper-stage engine, difficulties with the Orion’s heat shields and excessive thrust oscillation in Ares 1’s first stage, the CBO report said.

The report also said a $577 million reduction in NASA’s 2007 funding prompted NASA to forego some robotic lunar surface exploration missions, which could delay plans to return astronauts to the Moon by 2020.

The gap between the shuttle’s retirement and the first flight of Orion and Ares I could widen if NASA cannot keep Orion’s mass from growing during development. Other issues that could delay Orion and Ares I include a longer-than-expected development of Ares I’s J-2X upper-stage engine, difficulties with the Orion’s heat shields and excessive thrust oscillation in Ares 1’s first stage, the CBO report said.

The report also said a $577 million reduction in NASA’s 2007 funding prompted NASA to forego some robotic lunar surface exploration missions, which could delay plans to return astronauts to the Moon by 2020.

The gap between the shuttle’s retirement and the first flight of Orion and Ares I could widen if NASA cannot keep Orion’s mass from growing during development. Other issues that could delay Orion and Ares I include a longer-than-expected development of Ares I’s J-2X upper-stage engine, difficulties with the Orion’s heat shields and excessive thrust oscillation in Ares 1’s first stage, the CBO report said.

The report also said a $577 million reduction in NASA’s 2007 funding prompted NASA to forego some robotic lunar surface exploration missions, which could delay plans to return astronauts to the Moon by 2020.

http://www.space.com/common/media/video.php?videoRef=SP_080821_parchute_test

 http://www.space.com/common/media/video.php?videoRef=SP_080721_constellation1

 http://www.space.com/common/media/video.php?videoRef=SP_080721_constellation2

http://www.space.com/common/media/video.php?videoRef=080626-constellation-rock

The Report Says We Can Be Done With Fossil Fuels In 80 Years – My question is do we have that much time?

The answer is definitely NOT:

 http://environment.newscientist.com/channel/earth/dn15043-2090-is-the-deadline-for-the-end-of-fossil-fuel-use.html?feedId=online-news_rss20

World can halt fossil fuel use by 2090

  • 12:13 27 October 2008
  • NewScientist.com news service
  • New Scientist staff and Reuters

The world could eliminate fossil fuel use by 2090, saving $18 trillion in future fuel costs and creating a $360 billion industry that provides half of the world’s electricity, the European Renewable Energy Council (EREC) and environmental group Greenpeace said on Monday.

The 210-page study [pdf] is one of few reports – even by lobby groups – to look in detail at how energy use would have to be overhauled to meet the toughest scenarios for curbing greenhouse gases outlined by the Intergovernmental Panel on Climate Change.

“Renewable energy could provide all global energy needs by 2090,” according to the study, entitled “Energy (R)evolution.” EREC represents renewable energy industries and trade and research associations in Europe.

A more radical scenario could eliminate coal use by 2050 if new power generation plants shifted quickly to renewables.

Solar power, biomass such as biofuels or wood, geothermal energy and wind could be the leading energies by 2090 in a shift from fossil fuels blamed by the IPCC for stoking global warming.

The total energy investments until 2030, the main period studied, would come to $14.7 trillion, according to the study. By contrast, the International Energy Agency (IEA), which advises rich nations, foresees energy investments of just $11.3 trillion to 2030, with a bigger stress on fossil fuels and nuclear power.

Rajendra Pachauri, head of the IPCC, which shared the 2007 Nobel Peace Prize with ex-US Vice President Al Gore, called Monday’s study “comprehensive and rigorous.”

Dangerous change

“Even those who may not agree with the analysis presented would, perhaps, benefit from a deep study of the underlying assumptions,” Pachauri wrote in a foreword to the report.

EREC and Greenpeace said a big energy shift was needed to avoid “dangerous” climate change, defined by the European Union and many environmental groups as a temperature rise of 2 degrees Celsius since before the Industrial Revolution.

The report urged measures such as a phase-out of subsidies for fossil fuels and nuclear energy, “cap and trade” systems for greenhouse gas emissions, legally binging targets for renewable energies and tough efficiency standards for buildings and vehicles.

The report said renewable energy markets were booming with turnover almost doubling in 2007 from 2006 to more than $70 billion. It said renewables could more than double their share of world energy supplies to 30% by 2030 and reach 50% by 2050.

:}

But it will only cost 17 trillion dollars:

http://www.itwire.com/content/view/21375/1066/

 Sven Teske, with Greenpeace and co-author of the report, stated, “Unlike other energy scenarios that promote energy futures at the cost of the climate, our energy revolution scenario shows how to save money and maintain global economic development without fuelling catastrophic climate change.”Teske added, “All we need to kick start this plan is bold energy policy from world leaders.” [EREC]Teske concluded, “Strict efficiency standards make sound economic sense and dramatically slow down rising global energy demand. The energy saved in industrialised countries will make space for increased energy use in developing economies. With renewable energy growing four-fold not only in the electricity sector, but also in the heating and transport sectors, we can still cut the average carbon emissions per person from today?s four tonnes to around one tonne by 2050.” [EREC]

In the foreword to the report, Dr. Rajendra Pachauri wrote, “Even those who may not agree with the analysis presented would, perhaps, benefit from a deep study of the underlying assumptions,” [EREC]

Dr. Pachauri, who is the head of the Intergovernmental Panel on Climate Change, shared the 2007 Nobel Peace Prize with former-U.S. Vice President Al Gore,

 :}

For more links:

http://www.reuters.com/article/environmentNews/idUSTRE49Q2I820081027

Oil Dives Below 63$$ A Barrel – We are all going to die!

Now we shall see how this game played by a few very wealthy Americans plays out. There was a reason Glass-Steagel was put in place in the 1930’s The belief was that some commodities were too important to ALL Americans.  Food, housing and fuel were deemed the “Basics of Life”.  So the market was regulated to make sure people could not gamble on those commodities futures. Well as we have seen with Housing. The genius of Wall Street came up with an unregulated way to get around the prohibitions in the housing market. When they got bored with that, and the US dollar plunged they decided to buy Long in the Futures Market (something prohibited until 1999) and prices skyrocketed. Well to every up THERE IS A DOWN. As the Saudi’s warned that DOWN could be way down. We could have oil fluctuating between 150$$ and 40$$ a barrel for the next few years. I think at some point in those wild swings Industry comes to a stop.

These people are just spoiled rotten filthy rich dummies. They all should be in jail.

http://ca.news.yahoo.com/s/capress/081022/business/oil_prices 

Price of oil falls more than

$5 below US$67 on

US recession fears

Wed Oct 22, 3:26 PM

     

 

By Madlen Read, The Associated Press

NEW YORK – Oil prices tumbled below US$67 a barrel to 16-month lows Wednesday after the government reported big increases in U.S. fuel supplies – more evidence that the economic downturn is drying up energy demand.

The Energy Information Administration said crude inventories jumped by 3.2 million barrels last week, above the 2.9 million barrel increase expected by analysts surveyed by energy research firm Platts. Gasoline inventories rose by 2.7 million barrels last week, and inventories of distillates, which include heating oil and diesel, rose by 2.2 million barrels.

Over the last four weeks, the EIA said, motor gasoline demand was down 4.3 per cent from the same period last year. Distillate fuel demand was down 5.8 per cent, and jet fuel demand was down 9.2 per cent.

“The main theme here that’s driving this market into new low ground is demand deterioration,” said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates. “As we begin to see evidence that demand is levelling – it doesn’t have to increase, just level – then we can start discussing a possible price bottom. But it appears premature at this point.”

In mid-afternoon trading, light, sweet crude for December delivery fell $5.52 to $66.66 on the New York Mercantile Exchange. The last time a front-month contract traded below $67 a barrel was June 2007.

The energy markets have also been weighed down by the weak stock market, as investors grow more pessimistic about how long it will take the economy to recover from the current global financial turmoil.

On Tuesday, DuPont, Sun Microsystems and Texas Instruments reported disappointing earnings and bleak forecasts, sending the Dow Jones industrials average down 2.5 per cent. The Dow was down another four per cent by Wednesday afternoon following more gloomy reports from the soon-to-be acquired bank Wachovia Corp., drugmaker Merck & Co., and insurer Travelers Cos.

“Oil is now highly correlated with the stock market,” said Clarence Chu, a trader with market maker Hudson Capital Energy in Singapore. 

:}

Americans are not the only one worried:

http://news.xinhuanet.com/english/2008-10/17/content_10206571.htm 

Crude futures dip below $70 on demand concerns

www.chinaview.cn 2008-10-17 06:45:59   Print
    NEW YORK, Oct. 16 (Xinhua) — Crude futures dipped below 70 U.S. dollars a barrel on demand concerns Thursday after the U.S. government reported a unexpected rise in crude stockpile.    Light, sweet crude for November delivery plunged 4.69 dollars to settle at 69.85 dollars a barrel on the New York Mercantile Exchange after hitting 68.57 dollars, a level not seen since June 27, 2007.    Crude prices have declined more than half its July record high of 147.27 dollars a barrel due to investors’ increasing concerns that a global economic recession could curd energy consumption.

    Demand concerns

    “The price of a barrel of oil continued to decline today as fears of declining demand among market participants persist,” Wall Street Strategies’ senior research analyst Conley Turner told Xinhua.

    The weakening global economy and turmoil in the credit markets have clouded the outlook for world oil consumption.

    The Philadelphia Federal Reserve said regional manufacturing conditions weakened in October. The bank’s regional index came in at a negative 37.5 compared with a positive 3.8 for September.

    On Monday, Goldman Sachs cut its year-end forecast of oil to 70dollars a barrel from 115 dollars and lowered its price outlook for the end of 2009 to 107 dollars from 125 dollars per barrel amid global financial crisis.

    “The fact of the matter is that demand destruction is taking place in the United States as for the rest of the G7, for that matter as these economies teeter on the brink of recession,” said Turner.

    “While there may be some ebbing in the demand pressures out of India and China, it not going to be as much as what is occurring in the Unite States,” he added.

 :}

 Even the Saudis and the Russians are concerned:

:}

http://bh.heraldinteractive.com/business/general/view/2008_10_22_Oil_falls_below__70_on_US_recession_fears/

The Organization of Petroleum Exporting Countries, which accounts for about 40 percent of global oil supply, has signaled it plans to announce an output quota reduction at an emergency meeting Friday in Vienna.

But investors are skeptical about how much of the cut will be implemented, given the history of OPEC members exceeding their production quotas.

“There should be a short-term boost to prices when they announce a cut on Friday,” Chu said. “But OPEC production has always been above their quotas, so there’s a credibility problem.”

Crude oil is down 53 percent from its peak of $147.27 reached in mid-July.

A stronger dollar this week has also pushed oil prices lower. Investors often buy commodities like crude oil as an inflation hedge when the dollar weakens and sell those investments when the dollar rises.

The euro fell below $1.28 for the first time in nearly two years on Wednesday. The 15-nation euro dipped as low as $1.2736 in morning trading before rising slightly to $1.2873, down from $1.3003 late Tuesday in New York.

Investors are also watching for signs of slowing U.S. demand in the weekly oil inventories report to be released Wednesday from the U.S. Energy Department’s Energy Information Administration. The petroleum supply report was expected to show that oil stocks rose 2.9 million barrels last week, according to the average of analysts’ estimates in a survey by energy information provider Platts.

The Platts survey also showed that analysts projected gasoline inventories rose 3.0 million barrels and distillates went up 600,000 barrels last week.

:}

The Russians are threatening to go along. What if they were actually to join OPEC! Way to go Wall Street geniuses. Bravo! 

 :}

 http://www.telegraph.co.uk/finance/financetopics/oilprices/3252279/Opec-to-cut-oil-supply-by-1.5m-barrels-a-day.html

Members of the Opec oil producers’

cartel have decided to cut production

by 1.5m barrels a day from November

in a bid to stem a collapse in prices.

By Russell Hotten, Industry Editor
Last Updated: 4:14PM BST 24 Oct 2008

This latest Opec meeting, brought forward from next month because of the severity of the slide in prices, comes as Russia shows increasing interest in cooperating with the organisation.

Russia, the world’s second largest oil producer after Saudi, has traditionally had representatives at Opec meetings but has never publicly tracked the organisations cuts and increases in production quotas.

But on Wednesday Russia’s Deputy Prime Minister Igor Sechin said his country may build a margin of spare oil production capacity as a means of influencing prices. However, he said Russia would not join Opec.

Nick Day, chief executive of the risk management consultancy Diligence, warns that any move by Russia to cooperate with Opec is fraught with political dangers. “One of Russia’s objectives might be to counter America’s influence on Saudi Arabia’s control of Opec. You could see Russia driving a wedge between Opec, with support from Iran and Venezuela.” He believes that if Russia’s oil revenues are reduced, Moscow might try to recoup money by raising the price of gas it exports to Europe.

Opec comprises 12 members: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. The thirteenth, Indonesia, is due to leave the organisation at the end of 2008.

People Just Don’t Get Why We Have To Stop Burning The World Up – Stop please stop

This is so sad it Makes The World Cry:

http://environment.newscientist.com/article/dn14976-arctic-air-temperatures-hit-record-highs.html?DCMP=ILC-hmts&nsref=news6_head_dn14976

Arctic air temperatures

hit record highs

  • 13:11 17 October 2008
  • NewScientist.com news service
  • New Scientist staff and Reuters

Autumn air temperatures have climbed to record levels in the Arctic due to major losses of sea ice as the region suffers more effects from a warming trend dating back decades, according to a new report.

The annual report issued by researchers at the US National Oceanic and Atmospheric Administration and other experts is the latest to paint a dire picture of the impact of climate change in the Arctic.

It found that autumn air temperatures are at a record 5 °C above normal in the Arctic because of the major loss of sea ice in recent years, which allows more solar heating of the ocean.

That warming of the air and ocean impacts land and marine life and cuts the amount of winter sea ice that lasts into the following summer, says the report.

The report adds that surface ice is melting in Greenland and that wild reindeer, or caribou, herds appear to be declining in numbers.

Domino effect

“Changes in the Arctic show a domino effect from multiple causes more clearly than in other regions,” says James Overland, an oceanographer at NOAA’s Pacific Marine Environmental Laboratory in Seattle and one of the authors of the report.

“It’s a sensitive system and often reflects changes in relatively fast and dramatic ways,” he says.

Researchers at the National Snow and Ice Data Center, part of the University of Colorado, recently reported that, this summer, Arctic sea ice melted to its second-lowest level ever.

The 2008 season, those researchers said, strongly reinforces a 30-year downward trend in Arctic ice extent – 34% below the long-term average from 1979 to 2000, but 9% above the record low set in 2007.

Last year was the warmest on record in the Arctic, continuing a region-wide warming trend dating to the mid-1960s. Most experts blame climate change on human activities spewing greenhouse gases into the atmosphere.

:}

Then there is this longer piece in The Independent;

:}

http://www.independent.co.uk/environment/climate-change/record-22c-temperatures-in-arctic-heatwave-394196.html 

Record 22C temperatures in Arctic heatwave

By Steve Connor, Science Editor
Wednesday, 3 October 2007

The high temperatures on the island caused catastrophic mudslides as the permafrost on hillsides melted, Professor Lamoureux said. “The landscape was being torn to pieces, literally before our eyes.”

Other parts of the Arctic also experienced higher-than-normal temperatures, which indicate that the wider polar region may have experienced its hottest summer on record, according to Walt Meir of the US National Snow and Ice Data Centre in Colorado.

“It’s been warm, with temperatures about 3C or 4C above normal for June, July and August, particularly to the north of Siberia where the temperatures have reached between 4C and 5C above average,” Dr Meir said.

Unusually clear skies over the Arctic this summer have caused temperatures to rise. More sunlight has exacerbated the loss of sea ice, which fell to a record low of 4.28 million square kilometres (1.65 million square miles), some 39 per cent below the long-term average for the period 1979 to 2000. Dr Meir said: “While the decline of the ice started out fairly slowly in spring and early summer, it accelerated rapidly in July. By mid-August, we had already shattered all previous records for ice extent.”

An international team of scientists on board the Polar Stern, a research ship operated by the Alfred Wegener Institute in Germany, also felt the effects of an exceptionally warm Arctic summer. The scientists had anticipated that large areas of the Arctic would be covered by ice with a thickness of about two metres, but found that it had thinned to just one metre.

Instead of breaking through thicker ice at an expected speed of between 1 and 2 knots, the Polar Stern managed to cruise at 6 knots through thin ice and sometimes open water.

“We are in the midst of a phase of dramatic change in the Arctic,” said Ursula Schauer, the chief scientist at the Alfred Wegener Institute, who was on board the Polar Stern expedition. “The ice cover of the North Polar Sea is dwindling, the ocean and the atmosphere are becoming steadily warmer, the ocean currents are changing,” she said.

One scientist came back from the North Pole and reported that it was raining there, said David Carlson, the director of International Polar Year, the effort to highlight the climate issues of the Arctic and Antarctic. “It makes you wonder whether anyone has ever reported rain at the North Pole before.”

Another team of scientists monitoring the movements of Ayles Ice Island off northern Canada reported that it had broken in two far earlier than expected, a further indication of warmer temperatures. And this summer, for the first time, an American sailing boat managed to traverse the North-west Passage from Nova Scotia to Alaska, a voyage usually made by icebreakers. Never before has a sail-powered vessel managed to get straight through the usually ice-blocked sea passage.

Inhabitants of the region are also noticing a significant change as a result of warmer summers, according to Shari Gearheard, a research scientist at the National Snow and Ice Data Centre. “People who live in the region are noticing changes in sea ice. The earlier break-up and later freeze-up affect when and where people can go hunting, as well as safety for travel,” she said.

Mark Serreze of the National Snow and Ice Data Centre, said: “We may see an ice-free Arctic Ocean in summer within our lifetimes. The implications… are disturbing.”

The North-west Passage: an ominous sign

The idea of a North-west Passage was born in 1493, when Pope Alexander VI divided the discovered world between Spain and Portugal, blocking England, France and Holland from a sea route to Asia. As it became clear a passage across Europe was impossible, the ambitious plan was hatched to seek out a route through north-western waters, and nations sent out explorers. When, in the 18th century, James Cook reported that Antarctic icebergs produced fresh water, the view that northern waters were not impossibly frozen was encouraged. In 1776 Cook himself was dispatched by the Admiralty with an Act promising a £20,000 prize, but he failed to push through a route north of Canada. His attempt preceded several British expeditions including a famous Victorian one by Sir John Franklin in 1845. Finally, in 1906 Roald Amundsen led the first trip across the passage to Alaska, and since then a number of fortified ships have followed. On 21 August this year, the North-west Passage was opened to ships not armed with icebreakers for the first time since records began.

Kay Bailey Hutchison, Newt Gingritch, John Boehner and the President of the United States Are All Proven Liars

 Add to that list T. Boone Pickens and American Solutions (thus Grover Norquist). The high oil prices and the high gasoline prices were the direct result of Market Manipulation by commodity speculaters. It did not amount to the “single largest transfer of wealth overseas”, as Pickens claims. Almost all of those speculaters were right here in the good old US of A. They took billions of $$$ from poor and middle class people pockets. Those that could least afford it as their capitalist schemes brought the financial markets down.

Oil is now below 80$$ per barrel and gas is below 3$$ per gallon. Not a single new well has been drilled. No appreciable amount of oil has been added to the system. In other words, no new “supply” was added to the “market” and yet prices are falling. Hmmm so when are people going to go to jail?

 But bigger questions remains. Now that the market has been destabilized by speculators how low can the price of oil go? The Saudi’s estimate that it costs them 40$$ to put a barrel of oil on the deck of a ship, and ironically another 10$$ to ship it. Can the price of oil drop below 50$$ a barrel? And what happens then?

The Big Oil Companies worst fears have arrived. As millions of Americans (yours truely included) shed billions of miles of driving reducing demand for gasoline in unprecidented fashion, what will the outcome be for the automobile industry and what is left of America’s manufaturing base.

Oh did I mention – When are people going go to jail for this “harmless little prank”?

 www.yuwantitwhen.com

wreck.jpg

John McCain’s Global Warming Policy – Well, he calls it Climate Change

But you know what he means, right? nudge nudge wink wink Know What He means?

 http://www.johnmccain.com/Informing/Issues/da151a1c-733a-4dc1-9cd3-f9ca5caba1de.htm

Climate Change

John McCain will establish a market-based system to curb greenhouse gas (GHG) emissions, mobilize innovative technologies, and strengthen the economy. He will work with our international partners to secure our energy future, to create opportunities for American industry, and to leave a better future for our children.John McCain’s Principles for Climate Policy

  Climate Policy Should Be Built On Scientifically-Sound, Mandatory Emission Reduction Targets And Timetables.
  Climate Policy Should Utilize A Market-Based Cap And Trade System.
  Climate Policy Must Include Mechanisms To Minimize Costs And Work Effectively With Other Markets.
  Climate Policy Must Spur The Development And Deployment Of Advanced Technology.
  Climate Policy Must Facilitate International Efforts To Solve The Problem.


John McCain’s Cap and Trade Policy
John McCain Proposes A Cap-And-Trade System That Would Set Limits On Greenhouse Gas Emissions While Encouraging The Development Of Low-Cost Compliance Options. A climate cap-and-trade mechanism would set a limit on greenhouse gas emissions and allow entities to buy and sell rights to emit, similar to the successful acid rain trading program of the early 1990s. The key feature of this mechanism is that it allows the market to decide and encourage the lowest-cost compliance options.

How Does A Cap-And-Trade System Work?A cap-and-trade system harnesses human ingenuity in the pursuit of alternatives to carbon-based fuels. Market participants are allotted total permits equal to the cap on greenhouse gas emissions. If they can invent, improve, or acquire a way to reduce their emissions, they can sell their extra permits for cash. The profit motive will coordinate the efforts of venture capitalists, corporate planners, entrepreneurs, and environmentalists on the common motive of reducing emissions.

Greenhouse Gas Emission Targets And Timetables

2012: Return Emissions To 2005 Levels (18 Percent Above 1990 Levels)2020: Return Emissions To 1990 Levels (15 Percent Below 2005 Levels)

2030: 22 Percent Below 1990 Levels (34 Percent Below 2005 Levels)

2050: 60 Percent Below 1990 Levels (66 Percent Below 2005 Levels)

The Cap And Trade System Would Allow For The Gradual Reduction Of Emissions.

The cap and trade system would encompass electric power, transportation fuels, commercial business, and industrial business – sectors responsible for just below 90 percent of all emissions. Small businesses would be exempt. Initially, participants would be allowed to either make their own GHG reductions or purchase “offsets” – financial instruments representing a reduction, avoidance, or sequestration of greenhouse gas emissions practiced by other activities, such as agriculture – to cover 100 percent of their required reductions. Offsets would only be available through a program dedicated to ensure that all offset GHG emission reductions are real, measured and verifiable. The fraction of GHG emission reductions permitted via offsets would decline over time.Innovating, Developing and Deploying Technologies

To Support The Cap And Trade System, John McCain Will Promote The Innovation, Development And Deployment Of Advanced Technologies. John McCain will reform federal government research funding and infrastructure to support the cap and trade emissions reduction goals and emphasize the commercialization of low-carbon technologies. Under John McCain’s plan:

Emissions Permits Will Eventually Be Auctioned To Support The Development Of Advanced Technologies. A portion of the process of these auctions will be used to support a diversified portfolio of research and commercialization challenges, ranging from carbon capture and sequestration, to nuclear power, to battery development. Funds will also be used to provide financial backing for a Green Innovation Financing and Transfer (GIFT) to facilitate commercialization.John McCain Will Streamline The Process For Deploying New Technologies And Requiring More Accountability From Government Programs To Meet Commercialization Goals And Deadlines.

John McCain Will Ensure Rapid Technology Introduction, Quickly Shifting Research From The Laboratory To The Marketplace.

John McCain Will Employ The Inherent Incentives Provided By A Cap-And-Trade System Along With Government-Led Competitions As Incentives For New Technology Deployment.

John McCain Will Foster Rapid and Clean Economic Growth

John McCain Believes An Effective And Sustainable Climate Policy Must Also Support Rapid Economic Growth. John McCain will use a portion of auction proceeds to reduce impacts on low-income American families. The McCain plan will accomplish this in part by incorporating measures to mitigate any economic cost of meeting emission targets, including:

Trading Emission Permits To Find The Lowest-Cost Source Of Emission Reductions.Permitting “Banking” And “Borrowing” Of Permits So That Emission Reductions May Be Accelerated Or Deferred To More Economically Efficient Periods.

Permitting Unlimited Initial Offsets From Both Domestic And International Sources.

Effectively Integrating U.S. Trading With Other International Markets, Thereby Providing Access To Low-Cost Permit Sources.

Establishing A Strategic Carbon Reserve As A National Source Of Permits During Periods Of Economic Duress.

Early Allocation Of Some Emission Permits On Sound Principles. This will provide significant amount of allowances for auctioning to provide funding for transition assistance for consumers and industry. It will also directly allocate sufficient permits to enable the activities of a Climate Change Credit Corporation, the public-private agency that will oversee the cap and trade program, provide credit to entities for reductions made before 2012, and ease transition for industry with competitiveness concerns and fewer efficiency technology options.

A commission will also be convened to provide recommendations on the percentage of allowances to be provided for free and the percentage of allowances to be auctioned, and develop a schedule for transition from allocated to maximum auctioned allowances. Cap-and-trade system will also work to maximize the amount of allowances that are auctioned off by 2050. John McCain Will Provide Leadership for Effective International Efforts John McCain Believes That There Must Be A Global Solution To Global Climate Change. John McCain will engage the international community in a coordinated effort by:

Actively Engaging To Lead United Nations Negotiations.Permitting America To Lead In Innovation, Capture The Market On Low-Carbon Energy Production, And Export To Developing Countries – Including Government Incentives And Partnerships For Sales Of Clean Tech To Developing Countries.

Provide Incentives For Rapid Participation By India And China, While Negotiating An Agreement With Each. John McCain Will Develop a Climate Change Adaptation Plan John McCain Believes A Comprehensive Approach To Addressing Climate Change Includes Adaptation As Well As Mitigation. He believes:

An Adaptation Plan Should Be Based Upon National And Regional Scientific Assessments Of The Impacts Of Climate Change.An Adaptation Plan Should Focus On Implementation At The Local Level Which Is Where Impacts Will Manifest Themselves.

A Comprehensive Plan Will Address The Full Range Of Issues: Infrastructure, Ecosystems, Resource Planning, And Emergency Preparation.

:}

There are a ton of problems with this plan but the first of the problems is IT”S TOO LONG. In fact, I doubt that anyone will ever read these words, and not just because this is an obscure blog at an obscure site. Nobody will ever get this far! The other problem is it takes too long. I mean no significant reductions before 2050. Who is going to be left alive at that point? But the real killer is the Cap and Trade system. This is just an industry fudge to get around the Clean Air Act. We need to shut down every coal fired powerplant in this country. Contrary to T. Boone Pickens, we need to convert all of those plants to natural gas, until we can get rid of them. We need to start at least three major “Hot Rocks” projects here in the US now. More about Cap and Trade when we look at Obama’s environmental proposals.

:}