How much CO2 Emissions does Each Energy Source Actually Release?

India Decides to Invest in the Oil Potential of the Falklands

Posted: 16 May 2012 04:17 PM PDT

Britain and Argentina have been feuding over the sovereignty of the Falkland Islands for 180 years, and 1982 fought a brief but vicious war over them.Much has changed in the past three decades – Argentina has increasingly lined up fellow Latin American nations to support their claim to Las Malvinas, and in the past two years, intrepid British oil exploration companies have surveyed Falkland waters and found promising signs of hydrocarbon deposits.Now, an outside player has decided to take the plunge on what might be there under the stormy…

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Iran’s Green Revolution may come from Energy

Posted: 16 May 2012 04:13 PM PDT

Against the backdrop of discussions about pending negotiations over its controversial nuclear program and the upcoming deadline of an European embargo on Iranian oil comes a quiet push by the Islamic republic to become a major electricity exporter. Tehran had said it was expecting to secure electricity deals with Syria and Lebanon and had somehow attracted an estimated $1 billion to help build new power plants in the country. With some of the largest natural gas reserves in the world, Tehran might be able to shrug off international sanctions by…

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The Top 10 Green Energy Stories Today

Posted: 16 May 2012 04:09 PM PDT

1. The Department of the Interior has given the green light to a power transmission line that is intended to bring power from Google, Inc.- backed offshore wind farms in the Northeast of the US to the mainland. Environmental impact studies will take 18 months to two years. The US, unlike Germany, so far has no offshore wind farms, and the US electricity grid needs to be re-done so as to bring power from such sources to consumers.2. Inexpensive natural gas is being preferred to coal in the US, so that coal electricity generation has fallen 19 percent…

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World Banks have the Power to save the Global Economy, if they want to

Posted: 16 May 2012 04:06 PM PDT

The global economy appears to be headed over cliff this year.  The emerging world is experiencing a significant economic slow down, the Eurozone will probably break apart in the next few months, and the United States faces sharp austerity measures at the end of the year.  There are enough bearish developments here to make the original Mayan calendar look prescient after all.  So should we despair?  Is the global economy fated to collapse in 2012?No, says Willem Buiter and Ebrahim Rahbari of Citigroup.  Though the outlook…

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The Strong Dollar Leads to a Fall in Commodity Prices

Posted: 16 May 2012 04:00 PM PDT

Panic is on deck, to use the baseball terminology that my foreign readers are often attempting to decipher. That is the only conclusion one can reach after getting gob smacked by the price action this morning. Copper got spanked for eight cents, oil burned $2, gold shed another $26, and silver puked 70 cents. The tantrum like stock behaviour in producing and equipment companies, like Freeport McMoRan (FCX) and Caterpillar (CAT) has been atrocious. How many of you out there know that JP Morgan (JPM) is the largest holder of futures contracts in…

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What the EIA’s Short Term Energy Outlook Tells us about the Global Economy

Posted: 16 May 2012 03:54 PM PDT

The US Energy information Administration (EIA) released its updated Short Term Energy Outlook (STEO) May 8, 2012.  The overview calls for falling crude oil prices, falling gasoline prices, falling electric demand but higher natural gas prices as the prospect of exports reduces fears of excess inventory.The STEO is always a volatile cocktail of near term market fluxuations and this update is no different.  The question is whether this short term forecast is good news or bad news about the economic future. In the case of global oil the…

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Carbon Taxes can Help Solve the European Debt Crisis

Posted: 16 May 2012 03:49 PM PDT

A new report from NGO’s the European Climate Foundation, Green Budget Europe, and consultancy Vivid Economics suggests that green taxes could play a crucial role in tackling Europe’s debt crisis. Carbon and energy taxes will raise revenue and reduce greenhouse gas emissions, whilst at the same time having a less negative impact on economic growth than conventional fiscal means such as income tax and VAT.The report states that “the overriding challenge for many European governments today is to reduce major fiscal deficits with…

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Total Finally Stop Gas Leak at North Sea Well

Posted: 16 May 2012 03:47 PM PDT

Total S.A. has announced that the gas leak at their Elgin well in the North Sea, 150 miles of the coast of Aberdeen, Scotland, has been successfully halted. The leak was first detected back in March when all 238 staff were evacuated from the rig.Last month the engineers drilled a relief well which helped to reduce by two-thirds the 200,000 cubic metres of gas leaking every day.A Total spokesperson said that, “Total is today able to announce that a well-intervention operation has stopped the G4 well leak on the Elgin complex, 240km from Aberdeen…

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British Gas Prices Fall as Norwegian Processing Plant Returns to Operation

Posted: 16 May 2012 03:46 PM PDT

British gas prices have fallen following the news that Norway’s Ormen Lange gas processing plant is scheduled to return to operation after being closed down for maintenance.  The restart of the Ormen Lange plant is expected to increase gas flow between Norway and Britain, via the Langeled underwater pipeline, to 35 million cubic metres per day.Gas prices fell promptly to 58.20 pence per therm, despite the UK market being undersupplied. Other factors also contributed to the fall in price, such as the fall in coal prices to under $90 per…

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How much CO2 Emissions does Each Energy Source Actually Release?

Posted: 16 May 2012 03:45 PM PDT

Knowing the greenhouse gas emissions of a certain energy source spread over its entire life cycle, from conception to deactivation, is important for investors who must consider the costs of their investment over decades.Generally the accuracy of estimating emissions has been very low, with huge ranges offering uncertain and sometimes conflicting information; however a new analysis by the US Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) uses a different method to determine the emissions per kilowatt hours from raw…

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