Oil Slick Stuff

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At least this is one good outcome with the bad economy. The problem lies that no one is pushing for more drilling and expanded natural gas use. When the economy turns around watch out. Prices will rise big time.
 
When the economy turns around watch out. Prices will rise big time. Today 01:27 PM
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ya know..I don't think so..Oh sure we'll see a little increase, but nothing like we had..

Someone else here use to say; Prices of crude would be near or at $200.00/bbl and gas would be over $5.00/gal by the end of 2008..Beware, get ready, hurry up and buy the Prius..Blah, blah, blah..Well, you see how far off the prophecy was..:rolleyes:


BTW..Big truck and SUV sales beat out small cars sales in December 2 to 1
 
Feeling a little windy as in "gabby" tonight. Got wind on the brain, saw a bunch of new giant wind turbines going up -mid-installation, today as I was gadding around a part of my world I hadn't travelled through lately. Y'ever seen the CRANES they use? My gosh, I always wondered how they got the turbines stood upright, now I know.

Along those lines, I ran across a new techno breakthrough in windpower design tonight, browsing through an alt energy newspaper dip into periodically. Pretty cool development, whoever takes it commercial first will make a fortune. Eliminates one of the weak points in wind power-i.e. consistent supply to the grid.

http://nenmore.blogspot.com/2009/01/breakthrough-in-wind.html

....they [university research engineering team] have created a braking control algorithm that adjusts the rotor speed so that when incoming wind power is greater than the average power, the rotor is allowed to speed up so that it can store the excess energy as kinetic energy rather than generating electricity. This energy is then released when the wind power falls below average.

"This approach, the team explains, precludes the need for external energy storage facilities such as capacitors and the additional infrastructure and engineering they entail. Their method also captures wind energy more effectively and so improves the overall efficiency of wind farming potentially reducing the number of turbines required at any given site…”
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“...Despites its deficiencies, a report from the US Department of Energy suggests that installed wind energy capacity could reach 300 gigawatts by 2030 to meet a fifth of the US electricity demand.
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Go windpower!
 
I think Wind Power is one that really works and should be developed to its maximum potental. On the Oil and Gas front, looks like another down day? :cool:

Oil nears $36 a barrel

The global downturn continues to put downward pressure on demand for crude.

January 13, 2009: 6:15 AM ET


crudeoil.mkw.gif



LONDON (Reuters) -- Oil fell towards $36 a barrel on Tuesday to its lowest level in three weeks as further signs the world economy was slowing sharply dampened demand expectations.
Worsening recessionary signals saw investors flee risky assets such as commodities for U.S. Treasury bonds on Monday, while European shares fell for a fifth session on Tuesday as expectations mounted for poor results in this reporting season.
U.S. light crude for February delivery fell 84 cents to $36.75 a barrel by 6:05 a.m. ET. Prices have fallen by almost $15 in the past week, touching a low of $36.10 a barrel early Tuesday.
"The big drag on energy continues to be the growing impact of the economic recession on global energy consumption," said MF Global analyst Edward Meir in a note.
"If anything, far from stabilizing, things seems to be getting worse on the macro front by the day, as the numbers we are seeing coming from a variety of countries are all growing in terms of magnitude."
Slumping fuel demand due to the global slowdown sent oil prices down 54% last year, and crude is now off more than $110 from its record peak above $147 a barrel last July.
Top central bankers said on Monday the global economy will slow markedly in 2009 as industrialized economies contracted, while the latest data from the Organization for Economic Cooperation and Development (OECD) showed that the world's major and emerging economies were heading towards a "deep slowdown".
"Lot of Pessimism"
Analysts said the resumption of Russian gas supplies to Europe - whose disruption helped oil rally back to $50 a barrel at the start of the year - was pressuring prices further.[more]
http://money.cnn.com/2009/01/13/markets/oil.reut/index.htm?postversion=2009011306
 
alevin said:
Feeling a little windy as in "gabby" tonight. Got wind on the brain, saw a bunch of new giant wind turbines going up -mid-installation, today as I was gadding around a part of my world I hadn't travelled through lately. Y'ever seen the CRANES they use? My gosh, I always wondered how they got the turbines stood upright, now I know.

Along those lines, I ran across a new techno breakthrough in windpower design tonight, browsing through an alt energy newspaper dip into periodically. Pretty cool development, whoever takes it commercial first will make a fortune. Eliminates one of the weak points in wind power-i.e. consistent supply to the grid.

http://nenmore.blogspot.com/2009/01/breakthrough-in-wind.html





Go windpower!
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Windpower is one reason I'm playing GE and DUK.

CB
 
alevin said:
Feeling a little windy as in "gabby" tonight. Got wind on the brain, saw a bunch of new giant wind turbines going up -mid-installation, today as I was gadding around a part of my world I hadn't travelled through lately. Y'ever seen the CRANES they use? My gosh, I always wondered how they got the turbines stood upright, now I know.

Along those lines, I ran across a new techno breakthrough in windpower design tonight, browsing through an alt energy newspaper dip into periodically. Pretty cool development, whoever takes it commercial first will make a fortune. Eliminates one of the weak points in wind power-i.e. consistent supply to the grid.

http://nenmore.blogspot.com/2009/01/breakthrough-in-wind.html

Go windpower!
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Alevin if you really like Wind Power you might think about getting your own Wind Generator. My Sister and Borther-in-Law have had one in their backyard ever sense ENRON ran up the price of power in California. They made their money back many times over through the years. One thing though, there must be enough wind in your area to drive the generator.:D
 
alevin said:
Feeling a little windy as in "gabby" tonight. Got wind on the brain, saw a bunch of new giant wind turbines going up -mid-installation, today as I was gadding around a part of my world I hadn't travelled through lately. Y'ever seen the CRANES they use? My gosh, I always wondered how they got the turbines stood upright, now I know.

Along those lines, I ran across a new techno breakthrough in windpower design tonight, browsing through an alt energy newspaper dip into periodically. Pretty cool development, whoever takes it commercial first will make a fortune. Eliminates one of the weak points in wind power-i.e. consistent supply to the grid.
http://nenmore.blogspot.com/2009/01/breakthrough-in-wind.html
Go windpower! [/quote]
Ditto!!! I'm inspired! :D


View attachment 5424

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There I am again promoting Energy Conservation, the health benefits and efficiency of Bean Wind Power!! Notice the Bandages, result of a BACKFIRE!
:laugh: tasmanian_devil10.gif
 
Awww, you guys! I just KNEW somebody was going to get silly on me. that's why I said "as in gabby"! so you couldn't accuse ME of being socially defective. :laugh: You're as bad as Buster :rolleyes::cheesy:

As for local single-home investment, I've been researching a couple companies offerings the last couple weeks, wishing they'd hurry up and go public so I could invest. Mariah looks the most interesting to me right now. Their design is much quieter than others, very different. Expensive tho. The wind maps aren't fine grained enough to show wind potential in my localized topography, I don't think. It looks like they are geared to relatively large mappable units suitable for the Vestas-sized turbines actually, I was looking at the maps too.

I'm not sure if we get enough wind in my immediate neighborhood or not, we're marginal if anything, but while my house was in escrow 10 years ago, a small tornado came through, knocked down two trees at the back of my lot laid them over from the roots toward the house, blew in picture windows around town, damaged roofs etc. Yes we get wind, Pacific storm fronts especially. Wind could not replace the existing grid, not yet tho. I'd have to have a way to store [maybe the professors in the previous post will figure out how to scale down their new design after they get the big guys to adopt it].

Tradeoff between funding Roth this year vs. buying my own wind generator vs. putting a new roof on. 2 out of 3 maybe, not all 3. Do I dare turn loose of that kind of cash? Do I dare borrow from untapped Home Equity line? Hmmm.:suspicious:
 
Sadly if there isn't enough wind in your area Wind Power isn't practical. My sister lives in Tehachapi California that is in the mountains west of Bakersfield. There is daily wind in the morning and afternoon due to the difference in the temperatures of the surrounding desert to the mountains where she lives. I couldn't use one here in Middle Georgia no breeze no wind power. :worried:
 
budnipper1 said:
alevin said:
Feeling a little windy as in "gabby" tonight. Got wind on the brain, saw a bunch of new giant wind turbines going up -mid-installation, today as I was gadding around a part of my world I hadn't travelled through lately. Y'ever seen the CRANES they use? My gosh, I always wondered how they got the turbines stood upright, now I know.

Along those lines, I ran across a new techno breakthrough in windpower design tonight, browsing through an alt energy newspaper dip into periodically. Pretty cool development, whoever takes it commercial first will make a fortune. Eliminates one of the weak points in wind power-i.e. consistent supply to the grid.
http://nenmore.blogspot.com/2009/01/breakthrough-in-wind.html
Go windpower! [/quote]
Ditto!!! I'm inspired! :D


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OF COURSE YOU KNOW, THIS MEANS WAR! :Dangry_bull.gif
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Oil rises to $38 as OPEC cuts outweigh low demand

Oil rebounds to near $38 as OPEC output cuts trump weak global crude demand outlook

  • Pablo Gorondi, Associated Press Writer
  • Tuesday January 13, 2009, 10:11 am EST
Oil prices rebounded to near $38 a barrel Tuesday as OPEC output cuts outweighed expectations that crude demand will weaken amid the severe global economic slowdown.

Comments from Federal Reserve Chairman Ben Bernanke saying that the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking U.S. economy also helped lift the market.

By mid-afternoon in Europe, light, sweet crude for February delivery was up 35 cents to $37.94 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, prices fell as low as $36.10 and then briefly exceeded $38 before retreating.
In London, February Brent crude rose $1.21 to $44.12 a barrel on the ICE Futures exchange.
Saudi Arabia, the largest producer in the Organization of the Petroleum Exporting Countries, announced during the weekend that it would cut oil output by about 300,000 barrels per day below its recently agreed OPEC quota.[more]
http://finance.yahoo.com/news/Oil-rises-to-38-as-OPEC-cuts-apf-14046488.html
 
nnuut said:
Sadly if there isn't enough wind in your area Wind Power isn't practical. :worried:
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Agreed. I'm wistful, but decided already that supplementing with solar woud likely be more effective in my area. Not like the southwest but pretty good, at least 3 season. Looking more into passive energy efficiency at this point, insulation, new roof, things like that first, then add solar. Cut energy costs first, then produce new power to feed back into the grid.

Two midnight roamers again during full moon couple nights ago, at neighbors house 2 houses over (mid construction, adding on). We think they were looking for tools left out they could steal. Weren't any. They were spotted, ran away. Time to buy the shotgun and infrared security cameras for outside I guess. Sigh, how'm I supposed to buy stocks when I need to keep spending $ on home security? :worried:
 
Take of the BLINDFOLD you COWARD!!:laugh:

Oil rises on Saudi rhetoric

The world's top oil producer says it will further cut production to help buoy prices.

By Ben Rooney, CNNMoney.com staff writer
January 13, 2009: 9:40 AM ET



NEW YORK (CNNMoney.com) -- Oil prices edged higher Tuesday morning, after falling for six days in a row, amid reports that Saudi Arabia will aggressively cut production.
Light, sweet crude for February delivery was up 36 cents to $37.96 a barrel.
Saudi Arabia, the world's top oil producer, plans to reduce output even further than its previous target, according to published reports.
The kingdom has already lowered supply this month to 8 million barrels per day as part of OPEC's agreement to reduce overall supplies by a record amount from Jan. 1.[more] http://money.cnn.com/2009/01/13/markets/oil/index.htm?postversion=2009011309
 
The prices should be coming down, but NO. Now Delta charges you for the first bag you check!! Carry on bags are still free one to a customer.:mad:


Fuel charges: Mile high shell game

As oil prices fall back to Earth, fuel surcharges are hard to justify, but that doesn't mean they're gone.

By Ben Rooney, CNNMoney.com staff writer
January 14, 2009: 6:24 AM ET

Gas lower, airfares stay high

gas_chart_new.03.jpg


NEW YORK (CNNMoney.com) -- With fuel prices so low, consumers may be wondering when it will be reflected in smaller bills. But as airlines, taxis and truckers scrounge for additional revenue, surcharges formerly tagged for fuel remain - albeit by a different name.
Most of the major airlines, for example, "eliminated" fuel surcharges on domestic flights in October. American Airlines (AMR, Fortune 500) and United (UAUA, Fortune 500), however, immediately increased their base fares by exactly the same amount.
"While this results in no change to the bottom-line prices of tickets, it does more accurately reflect, and address, the many other types of cost increases facing our company beyond the price of fuel," American said in a statement.
In addition to fuel costs, which dented American's bottom line by $3 billion in 2008, the airline said it is bracing for cost increases related to recent capacity cuts. Material, repair and facility costs are also rising, the airline said.
Still, some of the industry's wounds are self-inflicted. Airlines often hedge fuel costs by signing contracts for future delivery at a set price. If prices unexpectedly fall, however, the strategy can backfire.
"Some airlines hedged in at prices that were lower than the highs over the summer," said Steve Lott, a spokesman for the International Air Transport Association. "But now they're locked in at prices that are higher than current market prices."
All of this comes as consumers drastically cut back on travel expenses amid the weak economy.
"Fuel prices have dropped, but because of the global recession, demand has dropped too," said Lott. So the benefit of lower fuel prices has been offset by falling revenue due to weak demand.
Passenger traffic is expected to fall 3% this year, and revenues in the airline industry are forecast to decline more than 6%, according to IATA estimates.
But this year's profit outlook for domestic airlines, while exceptionally weak, is slightly better than overseas carriers. That's because the capacity cuts that domestic airlines made last summer put them "ahead of the curve," Lott said.
Domestic airlines are expected to report a profit of $300,000 in 2009. That compares with a projected $1 billion loss for European airlines, and $1.1 billion profit decline for Asian carriers, according to the IATA.
While the industry faces serious economic challenges, consumer advocates say airlines are using additional fees and surcharges to boost profits.
"Let's be clear, the series of charges that the airlines imposed in the last six months were all gain," said Mark Cooper, research director of the Consumer Federation of America.
Cooper said the rising cost pressures that airlines blame for additional fees are merely smoke and mirrors.
"The whole deal was P.R.," Cooper said. "They recognize that consumers will get angry if they see that fuel-charge line item, so they call it something else."
The hidden cost of pizza
The same thing is going on, to a lesser extent, in other parts of the transportation industry.
Michael Pazzaneze, a spokesman for the New England Livery Association, said most taxi and private car services try to match fuel surcharges to the current price of gas. [more]
http://money.cnn.com/2009/01/13/news/economy/_surcharges/index.htm?postversion=2009011406
 
Oil churns ahead of supply report

Crude fluctuates as government data awaited and weak retail sales indicate economy's decline.

By Catherine Clifford, CNNMoney.com staff writer
January 14, 2009: 9:59 AM ET

NEW YORK (CNNMoney.com) -- Oil prices churned Wednesday ahead of the government's weekly supply report that was expected to show an increase in stockpiles.
Light, sweet crude for February delivery was down 17 cents to $37.61 a barrel at 9:58 a.m. ET, after being up as high as $39.45 earlier in the session and dipping as low as $37.16.
In the weekly government supply report, due at 10:30 a.m. ET, the Energy Information Administration was expected to report that stockpiles of oil and oil products all grew.
According to a consensus estimate of industry analysts surveyed by energy information provider Platts, analysts were looking for stockpiles of crude oil to increase by 3 million barrels.
Stockpiles of gasoline were expected to build by 1.8 million barrels and stockpiles of distillates, which are used to make heating oil and diesel fuel, were expected to be up 1.7 million barrels.
Recession pulls bottom out of demand: [more]
http://money.cnn.com/2009/01/14/markets/oil/index.htm?postversion=2009011409
 
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