Oil Speculators At It Again – This time instead of fooling with contracts they are actually fooling with the tankers themselves.

Is there no end to the criminal ingenuity of Wall Street. It’s not enough that they destroy the mortgage market or sell all our jobs over seas, they just have to squeeze every dollar out of their grandmother’s social security check.

http://www.peakoil.com/modules.php?name=News&file=article&sid=45530

http://marketplace.publicradio.org//display/web/2009/01/09/pm_contango/?refid=0

Investment banks hoarding oil

Fifty million barrels of oil are just sitting around on supertankers. They’re not getting unloaded because investors are waiting for the price of oil to go up. Mitchell Hartman explains.

More on Oil

TEXT OF STORY

Bob Moon: Now here are some millions that haven’t raised the ire of Congress — 50 million… Barrels of oil. They’re sloshing around on huge supertankers right now. They’re not going into port, not getting unloaded. They’re just waiting, for the price of oil to go up. It’s a financial play known as “contango.” A lot of investors are getting into the act. Marketplace’s Mitchell Hartman explains.


Mitchell Hartman: “Contango” refers to a market condition in which the future price of a commodity is higher than the cost of buying it today. Right now, investors can lock in oil futures contracts to get paid $46 a barrel in March. They can fill a supertanker right now for just $41 and change. It’s pretty cheap to keep the tanker floating around in the ocean. When it unloads in the spring, the investors make a tidy profit: more than $3 a barrel.Daniel Yergin is author of the Pulitzer-winning book, “The Prize.” He says there’s a glut of oil right now, caused by the global recession. But futures prices are going higher, because OPEC has promised to cut production. And, says Yergin, oil traders are reading something else in the economic tea leaves.>Daniel Yergin: There’s a bet here that all of the stimulus, new economic programs, are going to work, and that by the second half of the year, we’re going to move out of recession, back into economic recovery, and that demand will start rising for oil again.

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For more please go to the PBS site and listen to the report. For a different point of view:

http://www.supplyexcellence.com/blog/2009/01/13/oil-price-fundamentals-contango-opec/

Oil Price Fundamentals: Don’t believe the hype

January 13th, 2009 · by Bob Zieger ·

Last week, Marketplace had an interesting report on the growing trend of “contango” in the oil industry. For those of you who are not familiar with the practice, contango occurs when investors sit on a commodity because the future price is higher than the spot price. In this case, that results in full oil tankers sitting offshore, waiting for the price to rise before they unload their 50 million barrels onto the market. So a quick buck is made by those holding the inventory on the high seas, but what happens when those barrels eventually reach a port ? We’ve got a glut of material again, which forces prices down. This type of profit-taking merely adds to the volatility of the market, but has little influence on macroeconomic fundamentals.

Frankly, it seems as though the oil/energy sector has the most interesting bag of tricks when it comes to speculation, rhetoric, and other market manipulation. But all the headline grabbing stories aside, oil is just like other commodities in that pricing is governed by supply and demand. While contango, Somali pirates, and accounting tricks can be a source of market volatility, these games don’t have a long term impact on pricing.

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The POINT for us is that they are “messing around” like mice worrying at a hole. Practicing. If someone doesn’t hit them with a broom, sooner or later they will succeed.

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For more on Cantango and other disgusting practices:

http://www.investopedia.com/articles/07/contango_backwardation.asp

 http://www.motherjones.com/kevin-drum/2009/01/super_contango.html

http://blogs.wsj.com/marketbeat/2008/11/11/crudes-credit-contango/

http://www.energybulletin.net/node/47633

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Please note Goldman Sachs says oil will hit 102$$ per barrel by the end of the year and I have said that oil will hit 130$$ a barrel by next summer. I wonder whose right?

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Even The Right Wing Doesn’t Like Archer Danieals Midland -How Often do I agree with the Cato Institute?

To date once:
http://www.cato.org/pubs/pas/pa-241.html

Archer Daniels Midland: A Case Study In Corporate Welfare

by James Bovard

James Bovard is an associate policy analyst with the Cato Institute. His most recent book is Shakedown: How the Government Screws You from A to Z (Viking, 1995).

Executive Summary

The Archer Daniels Midland Corporation (ADM) has been the most prominent recipient of corporate welfare in recent U.S. history. ADM and its chairman Dwayne Andreas have lavishly fertilized both political parties with millions of dollars in handouts and in return have reaped billion-dollar windfalls from taxpayers and consumers. Thanks to federal protection of the domestic sugar industry, ethanol subsidies, subsidized grain exports, and various other programs, ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices and higher taxes over that same period. At least 43 percent of ADM’s annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM’s corn sweetener operation costs consumers $10, and every $1 of profits earned by its ethanol operation costs taxpayers $30

One of the most politically charged debates in Washington revolves around business subsidies known as “corporate welfare.” A number of policy organizations have published studies examining the corporate welfare phenomenon: what qualifies as corporate welfare, how much it costs taxpayers, and how much it damages the economy. This study examines the dynamics of corporate welfare somewhat differently by investigating ADM as a classic case study of how those subsidies are obtained, how the welfare state encourages such “rent seeking,” and how such practices fundamentally corrupt the political life of a nation. Congress’s expressed desire to foster a free marketplace cannot be taken seriously until ADM’s corporate hand is removed from the federal till.

Introduction

ADM is certainly the nation’s most arrogant welfare recipient. And it is one of the few welfare recipients that spend millions of dollars each year advertising on Sunday morning television shows populated and watched by politicians. Chairman Dwayne Andreas’s and ADM’s success in farming Washington represents the rational result of contemporary government policies that turn elections into “an advanced auction of stolen goods,” as H. L. Mencken quipped. Thanks to its multi-million-dollar hustling in Washington, a company that lives and dies on the generosity of the American taxpayer has managed to get itself revered as a great public servant. Although ADM is not the only corporation with its hand out in Washington, it is easily one of the most successful beggars on the block.(1)

Andreas recently told a reporter for Mother Jones, “There isn’t one grain of anything in the world that is sold in a free market. Not one! The only place you see a free market is in the speeches of politicians. People who are not in the Midwest do not understand that this is a socialist country.”(2) Andreas’s comment about “no free markets” is like the old joke about the son who murdered his parents and then asked for the court’s mercy because he was an orphan. ADM champions political control over markets and then invokes that control as an excuse for its continued political manipulation. Andreas has exerted his influence in Washington to ensure that the U.S. form of “socialism” resembles 1930s’ Italian corporate statism: the government plunders the citizenry for the benefit of politically connected corporations. And, though Andreas does not like to admit it, there are many markets in the world for agricultural products that are not controlled by politicians.

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I know it is from 1995 but what has changed in the past 13 years? They have gotten a whole lot bigger.

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Man Made Global Warming Is Not Happening – So these experts say

Ah the liars strike back. SO TAKE THAT you you you environmentalists you.

http://scienceblogs.com/deltoid/2008/12/denialists_scraping_the_bottom.php#more

Denialists scraping the bottom of the barrel 

Category: Global Warming
Posted on: December 28, 2008 10:22 AM, by Tim Lambert

You have to think that global warming denialist Matt Drudge must be getting desperate when he touts a column by Christopher “White asbestos is harmless” Booker arguing that winter has disproved man-made global warming:

First, all over the world, temperatures have been dropping in a way wholly unpredicted by all those computer models which have been used as the main drivers of the scare. Last winter, as temperatures plummeted, many parts of the world had snowfalls on a scale not seen for decades. This winter, with the whole of Canada and half the US under snow, looks likely to be even worse. After several years flatlining, global temperatures have dropped sharply enough to cancel out much of their net rise in the 20th century.

But this time of the year you normally have the whole of Canada and half the US under snow. Look at the graph below from the Rutgers Global Snow Lab. If you move your mouse over it, it will show current snow cover. Not much different, is it?

Despite a strong La Nina this year, 2008 was nowhere near as cold as the years at the start of the 20th century.

So what’s the second part of Booker’s disproof of AGW?

Secondly, 2008 was the year when any pretence that there was a “scientific consensus” in favour of man-made global warming collapsed. At long last, as in the Manhattan Declaration last March, hundreds of proper scientists, including many of the world’s most eminent climate experts, have been rallying to pour scorn on that “consensus” which was only a politically engineered artefact, based on ever more blatantly manipulated data and computer models programmed to produce no more than convenient fictions.

OK, lets look at the list of “climate experts” who signed the Manhattan declaration. I don’t see many eminent climate scientists there. Of the 619 authors of the IPCC AR4 WG1, precisely zero signed the Manhattan declaration. There are a couple of eminent climate scientists there: Reid Bryson and Bill Gray, but the vast majority are not climate scientists at all, and the list includes entries like this:

John McLean, Climate Data Analyst, Post-graduate Diploma of Computer Studies, B. Arch., Climate Data Analyst, Computer scientist, Melbourne, Australia

Even if you repeat it, “Climate Data Analyst” is just a title he made up. Study the graphs above of climatic data. Congratulations! You’re analyzing climate data, so you can call yourself a Climate Data Analyst as well.

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But Booker is a serious author right? Here is one of his little triumphs:

http://www.telegraph.co.uk/comment/columnists/christopherbooker/3982101/2008-was-the-year-man-made-global-warming-was-disproved.html

I must end this year by again paying tribute to my readers for the wonderful generosity with which they came to the aid of two causes. First their donations made it possible for the latest “metric martyr”, the east London market trader Janet Devers, to fight Hackney council’s vindictive decision to prosecute her on 13 criminal charges, ranging from selling in pounds and ounces to selling produce “by the bowl” (to avoid using weights her customers dislike and don’t understand). The embarrassment caused by this historic battle has thrown the forced metrication policy of both our governments, in London and Brussels, into total disarray.

Since Hackney backed out of allowing four criminal charges against Janet to go before a jury next month, all that remains is for her to win her appeal in February against eight convictions which now look quite absurd (including those for selling veg by the bowl, as thousands of other London market traders do every day). The final goal, as Neil Herron of the Metric Martyrs Defence Fund insists, must then be a pardon for the late Steve Thoburn and the four other original “martyrs” who were found guilty in 2002 – after a legal battle also made possible by this column’s readers – of breaking laws so ridiculous that the EU Commission has even denied they existed (but which are still on the statute book).

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The EVIL METRIC people must be defeated….HAHAHAHAHAHA 

Merry Christmas From Everyone at Community Energy Systems

If you think Christmas is about crass comercialism than go here:

http://www.merry-christmas.com/

But if you think Christmas is about lowering your use of fossil fuels, and other scare resources, please try here:

http://www.csecenter.org/

(:=}

SeaGen – Need I say more?

A generation ago those of us in the alternative energy world, utility policy and energy conservation had a one word battle cry. Hood River. The town in Oregon that demonstrated many of the priniciples that we had fought for and Energy Corporate America had fought against. Well SeaGen is one of THOSE.

http://ecoscraps.com/2008/04/06/animation-seagen-tidal-power-turbine/

SeaGen Shatters Tidal Power Generation Record

 Written by Timothy B. Hurst

Published on December 18th, 2008

Posted in alternative energy

 Since its inception, we have been keeping a close eye on Marine Current Turbine’s SeaGen project in the UK, the world’s first commercial scale tidal stream turbine. Well, today there is more big news to report from the strong tidal flows of Strangford Lough as SeaGen has generated at its maximum capacity of 1.2MW for the first time. Thus far, this is the highest power produced by a tidal stream system anywhere in the world and exceeds the previous highest output of 300kW produced in 2004 by the company’s earlier SeaFlow system, off the north Devon coast.

Generating at full power is an important milestone for the company, and in particular our in-house engineering team. We are very pleased with SeaGen’s performance during commissioning,” said Martin Wright, Managing Director of Marine Current Turbines (MCT). “It demonstrates, for the first time, the commercial potential of tidal energy as a viable alternative source of renewable energy.”

According to company officials, now that SeaGen has reached full power it will move towards full-operating mode for periods of up to 22 hours a day, with regular inspections and performance testing undertaken as part of the project’s development program.

 seagen.jpg

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Or You can go to the website itself:

http://www.seageneration.co.uk/

Welcome to the SeaGen

Project Website

  

SeaGen is the name given to the 1.2MW tidal energy convertor that will be installed in Strangford Lough in April 2008. Sea Generation Ltd is the project company which is a wholly owned subsidiary of Marine Current Turbines Ltd. SeaGen has been has been licensed for a maximum installed duration of 5 years.

Marine Current Turbines Ltd have been operating the 300kW Seaflow tidal energy system at Lynmouth, Devon since May 2003 and are recognised as being one of the worlds leading tidal energy system developers.

 main-image.jpg

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While I Was On Vacation Our Server Crashed – Over the next several days I am going to try to replace all 10 posts that were lost.

I will date these posts as I post them. This is Highly unusual but we assumed that the server we use was backed up every day or every week. Not so. The Server is only backed up every 2 weeks. So this could get confusing. The NEW daily posts will not be dated. CES bloggers

Around The World In 80 Days – Well not quite but

http://news.bbc.co.uk/2/hi/science/nature/7766249.stm

‘Solar taxi’ goes round the world

A solar-powered car has arrived at the UN climate change talks in the Polish city of Poznan after a round-the-world trip covering almost 40 countries.

At the wheel of the “solar taxi” was Swiss teacher Louis Palmer who made the 52,000km (32,000 mile) 17-month trip.

He said the feat proved solar power was a viable alternative to oil-based fuels and could help fight global warming.

But he said the prototype would need serious modification before it could be mass produced.

The small blue-and-white three-wheeler tows a trailer packed with batteries charged by the sun. It can travel for 300km on a single charge and reach speeds of 90km/h (55mph).

“People love this idea of a solar car,” Mr Palmer said outside the venue of the UN climate talks. “I hope that the car industry hears…and makes electric cars in future.”

Mr Palmer, 36, said the car ran “like a Swiss clock,” breaking down only twice during the gruelling trip through 38 nations starting in Lucerne in July 2007.

The California Academy Of Sciences Building Was Like A Dream Come True – replacement Post for 12/4/08

I have dreamed about a building like this for 30 years. In fact I have dreamed of every building in the United States being built like this. At least I lived to see this one. It was a real exciting 2 days. The first day we found it, walked around it and scoped out parking. The second day we went inside. I could get all teenagery about it, but I have to agree with my cyber friend Dan Piraro that the “experience” of the “purpose” of the building was moderate.

To quote Bizarro:

http://bizarrocomic.blogspot.com/

Saw the new multi-bazillion-dollar science museum in Golden Gate Park yesterday. In the humble, uneducated opinion of CHNW and I, the architecture of the museum is very cool, the content is pretty dull.

They have an indoor rainforest, but it isn’t as good as one I saw in Dallas built 8 or 10 years ago. They have an aquarium that’s pretty nice, but I’ve seen many better ones. I missed the planetarium, so I can’t comment. The roof is a cool idea with grass and plants all over it, but that is more about architecture than science. That’s about it. Unless you’re an architecture buff, it isn’t worth the $25 admission fee. San Francisco’s Exploratorium is better, in my opinion.

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It is true too. Having come from the Monterey Aquarium which knocks your socks off the minute you walk in the door , I can say that the experience was geared for kids and has many learning “moments” to it. But that is OK, I mean it is the California Academy of Sciences. Much like the Field Museum in Chicago they are about exposing science, and “doing” science, but also about getting kids INTO science. Dan doesn’t have any kids so it is kinda beyond him. But a building that generates most of its own power and uses geothermal to heat and cool. One that has a living roof, reuses water and has manditory recycling. O HOLY God.

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Here is what they have to say about it:

http://www.calacademy.org/sustainable_future/green_practices/

The total message of the building is a green message. It’s about life, how we got here, the marvelous diversity of life, it’s preciousness, and the choices we face in learning how to stay.

—Dr. Gregory C. Farrington, Ph.D., Executive Director
California Academy of Sciences

Below is the Academy’s official statement on sustainability recently approved by the Academy’s board of directors:

“Sustainability is often defined as meeting current human needs without endangering our descendants. There is a broad, scientific consensus that our current environmental demands are unsustainable, causing climate change, degradation of natural habitats, loss of species, and shortages of essential resources.

The California Academy of Sciences’ mission to explore, explain and protect the natural world compels the Academy to engage in scientific research relevant to sustainability, to raise public awareness about these urgent problems, and to minimize its own environmental impact.

The Academy’s green building signifies its commitment to sustainability. The culture and internal practices mirror that commitment in the areas of energy, water, waste management, transportation, purchasing and food. Academy programs highlight the living world and its connection to the changing global environment . Academy research focuses on the origins and maintenance of life’s diversity, and its expeditions roam the world, gathering scientific data to answer the questions, “How has life evolved, and how can it be sustained?

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Here is what other people had to say about it:

calroof2.jpg

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/10/28/MN0VT1MSO.DTL

The first thing that overwhelms the senses is the very entryway, which is essentially a huge wall of glass revealing the contents of the building as if it were presenting an intellectual feast. From the door, you can see two huge, exotic-looking domes, a glassed-in piazza with a roof so high it’s tough to see the top, and enough aquatic pools to fill an entire shoreline.

Taking possession of the building simply means the two-year-long construction job is virtually done, and the exhibits and collections must now be installed. But it’s easy to see what’s coming by looking at the structures that sit ready for stocking.

And what’s to come will essentially amount to a massive, working display case for the public. Newly renamed the Kimball Natural History Museum, the sprawling edifice takes the musty old, dark-halled concept of natural history museums and blows it wide open.

It is full of airy, glassily transparent galleries and research labs, and everything from the “living roof” of plants and birds and butterflies already at home there, to the heat-recycling systems, is aimed at making it one of the most environmentally friendly museums on the planet. The exhibits being readied push the old paradigm forward several expensive steps in many ways – from adding bubble-shaped observation windows for viewing coral reefs and sharks to presenting the nation’s largest planetarium, with digital film quality so precise it will make visitors feel like they’re flying through space.

acadslide1.jpg

http://www.wired.com/culture/design/magazine/15-08/st_greenmuseum

Nestled into the fog and forest of San Francisco’s Golden Gate Park, the California Academy of Sciences aims to be the world’s largest eco-friendly public building when it reopens in 2008. (It’s bucking for a platinum LEED green-building certification.) Architect Renzo Piano used a textbook’s worth of enviro-engineering tricks for the seven-year effort, an almost total teardown and rebuild. At $484 million, it’s one of the most expensive museum projects in a century. But if it all works as planned, the city will boast a natural history museum that enhances nature instead of just stockpiling it.

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Ironic isn’t it that this is the last post I made before our server crashed and CES lost 9 posts. Well we are back in the game today Ladies and Gentlemen. We are here to stay. Renewed in our faith that homosapien can live here in peace and harmony.

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Where’s My Confouded Article? This post was originally about 7 ways to give THANKS – repost for 11/28/08

Unfortunately when I went back to the Monterey County Weekly where I swear I stole (borrowed) the article and IT WASN’T There. The 5th way was environmental cleanup. It even had a picture of a little girl picking up trash from a scenic California beach. So these articles will have to due do.

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http://www.montereycountyweekly.com/archives/2008/2008-Nov-26/carmel-cops-to-council-hybrids-are-for-wimps/1/@@index

Boys in Blue Won’t Go Green

Carmel cops to council: Hybrids are for wimps.

The Carmel-by-the-Sea City Council is interested in replacing old police cars with hybrids, but city cops prefer to stick with the tried-and-true.

The advantages of hybrid police cars are obvious, Sgt. Paul Tomasi told the City Council on Nov. 4. They emit fewer greenhouse gases, save up to $800 per year on fuel, are quieter and earn bonus points with the public.

But the drawbacks, he said, are prohibitive. Hybrids are lighter and more likely to tip over. They’re expensive to buy and equip. The California Highway Patrol doesn’t think the tech is up to patrol standards yet, and even the agencies that have hybrids won’t use them for emergency purposes.

http://www.montereycountyweekly.com/archives/2008/2008-Nov-26/local-ecolaw-crusader-reported-to-be-in-stable-condition/1/@@index

Zan Henson Survives Plan Crash

Local eco-law crusader reported to be in stable condition.

Carmel Valley attorney Alexander “Zan” Henson crashed a single-engine plane into the Monterey Pines Golf Course northwest of the Monterey Peninsula Airport around 6pm on Tuesday night, Nov. 25.

Henson was taken to the Community Hospital of Monterey Peninsula. His passenger, Santa Cruz attorney Jim Rummins, was airlifted to a hospital in San Jose. The two men, both in their 60s, reportedly sustained injuries that are not life threatening.

Henson’s wife, Holly Henson, told The Monterey County Herald she expected her husband to be released from the hospital Nov. 26. Rummins reportedly was still being treated for back, head and lung injuries.

For years, the Weekly has reported on Henson’s battles for “slow-growth” development, a voter-owned desalination plant and other environmental causes. He directed the Monterey Peninsula Water Management District board from 1981-1982 and 1999-2003 and was founding director of the Monterey chapter of Surfrider Foundation.

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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?

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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.

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