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Tuesday, Oct 21st

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Iraq opens fields; Exxon, Shell seek foothold

IRAQ is set to welcome back foreign oil companies into the war-torn nation to develop the world’s third-largest crude reserves three decades after expelling them.

Eight of the world’s top 10 nonstate oil producers, including Exxon Mobil Corp. and Royal Dutch Shell Plc, are vying for the right to help Iraq develop six oilfields and two natural-gas deposits. More than 30 companies in total are bidding for $16 billion worth of technical service contracts for producing fields that will be awarded in Baghdad on June 29 and 30.

“Iraq is the big prize in the region,” said Raja Kiwan, a Dubai-based analyst at consultants PFC Energy. “It is one of the only remaining areas that provide the level of upside for companies who want to access reserves.”

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A Perfect Storm Could Shed Light On Secretive Energy Markets

When Olav Refvik wanted to boost the price of heating oil to make a lucrative energy deal even more lucrative, the Morgan Stanley trader locked up several storage tanks the bank owned near New York Harbor to squeeze supply. Far from being illegal, the maneuver -- which earned him millions and the moniker "King of New York Harbor" -- is business as usual in the "regulated" commodities market.

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Wauseon plant to open Monday for 110-mpg car engines

The man who drove his 20-year-old Mustang from Napoleon, Ohio, to Las Vegas and back last year on 39 gallons of fuel will open his first manufacturing facility Monday to allow others to get 110 miles per gallon.

A Decatur, Ind., specialty car company, Revenge Designs Inc., has contracted with Mr. Pelmear to purchase 2,000 engines for use in a new vehicle it plans to unveil at the end of this year at the Los Angeles International Auto Show. The vehicle is to be called the Revenge Verde Super Car, which will use Mr. Pelmear's 400-horsepower engine and its 500 foot-pounds of torque to travel up to 200 mph and get 110 mpg - though admittedly not at the same time.

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Toxic link: the WHO and the IAEA

A 50-year-old agreement with the IAEA has effectively gagged the WHO from telling the truth about the health risks of radiation.

Fifty years ago, on 28 May 1959, the World Health Organisation's assembly voted into force an obscure but important agreement with the International Atomic Energy Agency – the United Nations "Atoms for Peace" organisation, founded just two years before in 1957. The effect of this agreement has been to give the IAEA an effective veto on any actions by the WHO that relate in any way to nuclear power – and so prevent the WHO from playing its proper role in investigating and warning of the dangers of nuclear radiation on human health.

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Chernobyl - The Horrific Legacy

On April 26, 1986, Chernobyl Nuclear Power Station reactor number 4 exploded at 1:24 a.m. "Tons of radioactive dust was" unleashed "into the air transported by winds, [and] it contaminated both hemispheres of our planet, settling wherever it rained. The emissions of radioactivity lasted [short-term] for 10 days."(1)
 
On April 29, "fatal levels of radioactivity were recorded in Poland, Austria, Romania, Finland, and Sweden."(2) The day after (April 30), it hit Switzerland and Italy. By May 2, it reached France, Belgium, The Netherlands, Great Britain, and Greece. The next day, Israel, Kuwait, and Turkey were contaminated. Then, over the next few days, "radioactive substances" were recorded in Japan (May 3), China (May 4), India (May 5), and the US and Canada (May 6).

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Anderson firm unveils 100-mpg hybrid

Anderson-based Bright Automotive got attention from the media, members of Congress and the administration when it unveiled today a hybrid electric vehicle capable of achieving 100 miles per gallon.

TVNL Comment: And 150 MPG cars have been around for quite some time...but the public is not allowed to know this because the auto industry conspires with the energy industry to rob you blind! Water powered engines have been around since the 60s....andf you can bet your life you will not see them sold in our lifetime...unless "we" win!

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California's new power source a solar farm

California's next source of renewable power could be an orbiting set of solar panels, high above the equator, that would beam electricity back to Earth via a receiving station in Fresno County.

Pacific Gas and Electric Co. has agreed to buy power from a startup company that wants to tap the strong, unfiltered sunlight found in space to solve the growing demand for clean energy.

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