Although gigantic ships are relatively efficient -- compared to, say, transporting massive amounts of stuff by airplane -- they do use an astounding amount of fuel. The shipping industry is working on this problem. In particular, a Norwegian shipping company and a marine energy company are partnering to work on a hybrid ship, the Viking Lady.
The Viking Lady…
Reblogged from Financial Post | Business:
By Sherry Su and Rupert Rowling
Oil rebounded along with equity markets as Spanish bond prices recovered after the government met its target at a debt auction.
Futures in New York rose as much as 0.5 percent, after dropping 1.2 percent, as the cost of insuring Spain’s debt fell from a record. Greek political leaders may agree as soon as today to form a government and to seek relief from austerity measures, also helping ease concern that Europe’s debt crisis will curb fuel demand.
In an appearance before the Senate Finance Committee tomorrow, the CEO of Continental Resources will argue for preserving the billions of dollars in tax subsidies the federal government provides to oil companies each year. Given that Continental Resources bills itself as "America's Oil Champion" (after, we assume, a difficult championship battle), the CEO's stance probably comes as no surprise. In fact, it's hard to figure out why the Senate's even bothering to hear from him, when a large blinking sign reading MORE MONEY PLS would be functionally equivalent.
Not everything goes as planned at Shell’s launch party in the Seattle Space Needle.
Pilot Bertrand Piccard says his solar-powered plane isn’t as much for carrying passengers as it is for carrying a message about the future of clean energy.
Piccard and Andre Boschberg, along with their group Solar Impulse, have created a solar-powered plane capable of flying night and day, now on the final leg of an intercontinental journey from Switzerland to Spain and across the Strait of Gibraltar to Morocco.
The Door to Hell, a cavern generously filled with natural gas, was discovered in 1971 by Soviet geologists. This gas rich area is situated near the village of Derweze, Turkmenistan 40°15′10″N 58°26′22″E. While drilling, the ground beneath the rig collapsed, leaving a large hole with a diameter of 70 meters / 250 ft behind. Authorities decided to burn the gas to avoid toxic discharge. The gas is still burning today, even though geologists initially estimated that the fire would use all the fuel in a matter of days.
[source]
Thorium is readily available and can be turned into energy without generating transuranic wastes. Thorium’s capacity as nuclear fuel was discovered during WW II, but ignored because it was unsuitable for making bombs. A liquid-fluoride thorium reactor (LFTR) is the optimal approach for harvesting energy from Thorium, and has the potential to solve today’s energy/climate crisis. LFTR is a type of Thorium Molten Salt Reactor (Th-MSR). This video summarizes over 6 hours worth of thorium talks given by Kirk Sorensen and other thorium technologists.
[via Thorium Remix]
The majestic nuclear-powered icebreaker NS 50 Let Pobedy is the largest of its kind as of 2007. The powerful ship runs on about one pound / 0,5 kg of uranium a day, if powered by oil she could use around 100 ton of fuel a day. On the other hand, if all ships converted to carbon-based fuels instead, maybe there soon will be no ice to break on the way to the North Pole.
[via The Huffington Post]
The inevitable switch to alternative energy sources.
Chief Investment Officer of JP Morgan, Michael Cembalest, talks energy in his latest market report. Topic: The quixotic search for energy solutions.
Source: Forbes [via Paul Kedrosky]
Source: xkcd money.
Wow: Water.Ocean.Waves
Description from YouTube:
«Reuben Margolin, a Bay Area visionary and longtime maker, creates totally singular techno-kinetic wave sculptures. Using everything from wood to cardboard to found and salvaged objects, Reubens artwork is diverse, with sculptures ranging from tiny to looming, motorized to hand-cranked. Focusing on natural elements like a discrete water droplet or a powerful ocean eddy, his work is elegant and hypnotic. Also, learn how ocean waves can power our future.»
Learn more about Reuben Margolin here.
| Date | Company/issuer | Event |
|---|---|---|
| 07/02/2011 | Maritime Industrial Services Co Ltd. Inc | Results 4th quarter 2010 |
| 07/02/2011 | Rygge-Vaaler Sparebank | Results 4th quarter 2010 |
| 08/02/2011 | EDB ErgoGroup ASA | Results 4th quarter 2010 |
| 08/02/2011 | Q-Free ASA | Results 4th quarter 2010 |
| 08/02/2011 | Skiens Aktiemølle ASA | Results 4th quarter 2010 |
| 08/02/2011 | SpareBank 1 Buskerud-Vestfold | Results 4th quarter 2010 |
| 08/02/2011 | Telenor ASA | Results 4th quarter 2010 |
| 08/02/2011 | Sparebanken Sør | Results 4th quarter 2010 |
| 08/02/2011 | Statoil Fuel & Retail ASA | Results 4th quarter 2010 |
| 09/02/2011 | Odfjell SE | Results 4th quarter 2010 |
| 09/02/2011 | Kitron ASA | Results 4th quarter 2010 |
| 09/02/2011 | Ignis ASA | Results 4th quarter 2010 |
| 09/02/2011 | FARA ASA | Results 4th quarter 2010 |
| 09/02/2011 | Renewable Energy Corporation ASA | Results 4th quarter 2010 |
| 09/02/2011 | SpareBank 1 Nord-Norge | Results 4th quarter 2010 |
| 09/02/2011 | Marine Harvest ASA | Results 4th quarter 2010 |
| 09/02/2011 | Fairstar Heavy Transport NV | Results 4th quarter 2010 |
| 09/02/2011 | Sandnes Sparebank | Results 4th quarter 2010 |
| 09/02/2011 | Statoil ASA | Results 4th quarter 2010 |
| 09/02/2011 | SAS Group AB | Results 4th quarter 2010 |
| 09/02/2011 | Nes Prestegjelds Sparebank | Results 4th quarter 2010 |
| 09/02/2011 | Solvang ASA | Results 4th quarter 2010 |
| 09/02/2011 | Apptix ASA | Results 4th quarter 2010 |
| 10/02/2011 | Electromagnetic Geoservices ASA | Results 4th quarter 2010 |
| 10/02/2011 | SpareBank 1 Gruppen AS | Results 4th quarter 2010 |
| 10/02/2011 | TGS-NOPEC Geophysical Company ASA | Results 4th quarter 2010 |
| 10/02/2011 | Orkla ASA | Results 4th quarter 2010 |
| 10/02/2011 | Algeta ASA | Results 4th quarter 2010 |
| 10/02/2011 | DnB NOR ASA | Results 4th quarter 2010 |
| 10/02/2011 | Sparebanken Pluss | Results 4th quarter 2010 |
| 10/02/2011 | Veidekke ASA | Results 4th quarter 2010 |
| 10/02/2011 | Telio Holding ASA | Results 4th quarter 2010 |
| 10/02/2011 | Aurskog Sparebank | Results 4th quarter 2010 |
| 10/02/2011 | Nordic Semiconductor ASA | Results 4th quarter 2010 |
| 10/02/2011 | Bergen Group ASA | Results 4th quarter 2010 |
| 10/02/2011 | Birdstep Technology ASA | Results 4th quarter 2010 |
| 10/02/2011 | Kongsberg Automotive Holding ASA | Results 4th quarter 2010 |
| 11/02/2011 | Clavis Pharma ASA | Results 4th quarter 2010 |
| 11/02/2011 | Pronova BioPharma ASA | Results 4th quarter 2010 |
| 11/02/2011 | Eitzen Maritime Services ASA | Results 4th quarter 2010 |
| 11/02/2011 | Star Reefers Inc. | Results 4th quarter 2010 |
| 11/02/2011 | Melhus Sparebank | Results 4th quarter 2010 |
Sleipner via Statoil.com / Photo: Kjetil Alsvik.
NEW YORK. Prime Minister Vladimir Putin with Norway's Prime Minister Jens Stoltenberg. Image via Wikipedia
With crude prices moving above $90, and trending towards $100, The Business Insider composed this slide show summary of the 12 Petro States That Will Boom When Oil Hits $100.
I strongly support the arguments in this article adressing the outrageous American energy subsidies:
By Fábio Pinheiro via Flickr
If President Obama wants to set us on a path to a sustainable energy future—and a green one, too—he should propose a very simple solution to the current mess: eliminate all energy subsidies. Yes, eliminate them all—for oil, coal, gas, nuclear, ethanol, even for wind and solar. It will be better for national security, the balance of payments, the budget deficit, and even, believe it or not, the environment.
Full story from the Washington Monthly: Get the Energy Sector off the Dole.
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