Archive for the ‘Financial’ Category

Offshore Drilling Ban to Expire

Wednesday, September 24th, 2008

 

Well if you are a proponent of offshore drilling because you want to see pump prices decrease even though you’ve been told over and over it won’t alleviate the high gas problem—then celebrate. The quarter century ban will be allowed to expire after congress recesses for the election.

 

You may be wondering why I’m taking this so quietly? Well it’s because this bill serves as a stopgap and pushes much needed legislation through. As the article in the AP said: “Lifting the drilling ban gives considerable momentum to the underlying bill, which includes the Pentagon budget, $24 billion in aid for flood and hurricane victims and $25 billion in loans for Detroit automakers in addition to keeping the government open past the Oct. 1 start of the 2009 budget year.” It also doubles funding for heating for the poor to $5.2 billion dollars. Good timing for what might be a bad winter.

 

Plus, by time anyone actually gets around to drilling, we’ll be on to new and better things. Although congress is opening up drilling off both the east and west coast, it’s still up to the states whose shores will accommodate the drilling and pretty much the new president and his policies.

 

Enough said. I don’t really think this drilling thing will get much momentum. And by the time the public finally realizes how long it will actually take to see any refined gasoline from it, they will be disenchanted with the idea because it just doesn’t suit America’s penchant for instant gratification. Add to this increasingly powerful storms that continually threaten offshore drills and it’s just a matter of time that we deem the whole fossil fuel thing obsolete, especially when some of the really great alternatives debut and a greener economy starts providing many new jobs.

 

Working for green industries will serve to educate workers about environmental needs who will pass the information along to family and friends. These jobs will showcase the many possibilities and opportunities available besides fossil fuel energy.  And that will be the end of that—a good thing.

 

Read the whole article: http://ap.google.com/article/ALeqM5gB6bi0EyTozdEPy0KGisTQNaS2PQD93CNNRG0

 

 

Carbonless Electricity from a Hydrogen Fueled Engine

Monday, September 22nd, 2008

 

Startech is an award winning environmental energy company that has devised an engine fueled by hydrogen that produces “green” electricity, meaning it leaves no carbon footprint. The electricity is meant for stationary facilities not cars, at least not currently.

 

Startech has a line of patented products like, “Startech Hydrogen, derived by [their] StarCell™ system from processing a wide variety of wastes in [their] Startech Plasma Converter.”

 

Get a load of this system!!!

 

The Plasma Converter System safely and economically destroys wastes, no matter how hazardous or lethal, and turns most into useful and valuable products. In doing so, the System protects the environment and helps to improve the Public Health and Safety. The System achieves closed-loop elemental recycling to safely and irreversibly destroy Municipal Solid Waste, organics and inorganics, solids, liquids and gases, hazardous and non-hazardous waste, industrial by-products and also items such as ‘e-waste,’ medical waste, chemical industry waste and other specialty wastes, while converting many of them into useful commodity products that can include metals and a synthesis-gas called Plasma Converted Gas (PCG).

 

I know a little about PEM’s, Polymer Electrolyte Membranes, that separate hydrogen from bio-fuels because I’m working on a product for patent, but Startech has one heck of a converter here that looks like it can transform just about anything prior to processing through the Star Cell for hydrogen extraction. 

 

This is the type of exciting new technology waiting to be unleashed that will not only bolster our energy supply but create jobs. This one converter will trigger all types of spin offs, and as more and more alternative sources for energy become available, prices will drop. That is if we ever get away from the stranglehold of fossil fuels.

 

Successes like Startech can and will create a whole new and dynamic industry, an industry that has not yet been monopolized. It’s a green industry that offers promise for a truly free market system at least among alternative energy sources, and a great way to dig ourselves out of the outrageous debt we’re about to face.

 

If ever we needed a brand new “Green Industrial Revolution” that offers many opportunities and that will boost the economy in a whole new way, it’s now and quickly. Think of new stocks available in brand new companies offering great promise for the future that we could all get behind.  I don’t know about anyone else but it’s time for new wealth for a new generation of pioneering Americans and a cleaner, brighter future for our world and everything in it.

http://world-wire.com/news/0809220001.html

 

The Need for Crude May Disappear Within a Decade

Tuesday, September 2nd, 2008

 

 

Professor Rose Ann Cattolico of the University of Washington began her study of algae back when the other fuel crisis hit in 1973. Only unlike those that eventually gave up the search for alternative fuels Cattolico continued on for more than 30 years.

 

The results of her tenacity may help the entire world shed their need for crude in a very short period. For the U.S. it may happen within a decade. Her studies are so promising that according to an article on UW News website, “Allied Minds, an investment company that works with universities to commercialize early-stage technology, invested in the University of Washington biology professor’s work, forming a startup company called AXI.”

 

What Prof. Cattolico basically did was create an entire database of different types of algae. Different algaes produce lipids, or oil, as a result of photosynthesis. All algaes are different so that one type of algae may produce oil that is perfect for two stroke engines, another for home fuel, and another for jet or car fuel. There are so many forms of algae that genetic engineering is unnecessary. 

Cattolico stated, “Algae grow rapidly and do not require the use of productive farmland. Algae also can use various nutritional sources, including wastewater.” What a boon to be able to use wastewater to feed the algae. If it works in anyway like biodigestion, the effluent and/or any solids leftover are pure fertilizer.

According to Erick Rabins of AXI, “Entire infrastructures, from specialized growing facilities to processing plants, will have to be created. [] The most optimistic assessment that I’ve heard is that it could be six to eight years before there’s something that’s useable, but the tools and techniques to make it possible are being created right now.” he said.

The professor emphasizes what many environmentalists have been saying all along: “What we need is a Manhattan Project for fuel. If we can get a Manhattan Project for fuel, it won’t take 25 years.”

http://uwnews.org/article.asp?articleID=43454.

 

Shell Oil to Invest Big in New Energy

Friday, August 22nd, 2008

 

Marvin Odum, the new president of Shell Oil, the second largest oil company, said that Shell would be investing big in alternative energy today on ABC news. How big is big? More than their reported net profits of $27 billion. Incredible. I did a blog that did the math for the percentages that have been offered up by the top 5 oil companies in the recent past. It didn’t amount to a hill-of-beans compared to net profits.

But Shell is stepping up to the plate with the largest investment in alternative energy so far by the oil industry. Odum said it was historic. I would say so. Shell will invest $35 to $36 billion dollars yet in 2008.

Yesssss!  With this mindset, and example, we may just clean up yet.

http://abcnews.go.com/GMA/story?id=5632698&page=1 

 

Four Day Workweeks

Friday, August 15th, 2008

 

 

Americans may be looking at 4-day workweeks soon in efforts to offset energy costs. Both Utah and Idaho’s state employee are on 4 tens. Some good things are happening as a result of the energy crisis. Not only are workweeks getting shorter, but employees are also allowed to work from home more and more. This can be good. This can be bad.

 

I can weigh in on the shortened workweek.  I worked 4 ten-hour days back in 1984. The extra two hours were split between morning and afternoon. My schedule started an hour earlier and ended an hour later than usual. So the bad thing was getting up earlier and getting home later. With longer hours, you might be a little more tired at days end also so after-work-projects aren’t likely to happen. But if you’re running your kids around most evenings anyway, this shouldn’t be a problem.

 

The real problem with 4-day workweeks is latch key kids. If working parents can tackle this problem then the rest of the attributes for working 4 tens are all positive. For one thing, your car is spared the trip. If you don’t use that up running all over town on Friday, then it’s a plus. It was reported that Utah figured all of its employees collectively saved $100,000 in gas money by not working on Friday. One woman said she only saved $72.00 for gas money during the month but finds the extra time spent with her kids invaluable.

 

From an employer’s point of view, a successful switch to 4-day workweeks depends on associated companies that work a 5-day workweek. Back in the early 90’s I actually worked a 3-day workweek for the same salary as 5 days.  I negotiated that by showing all the work I was doing that really belonged to others on the payroll. I got my way, a 3 day work week with Tuesday’s and Friday’s off, because I was able to show I was not only doing all of my duties in 5 days, but a bunch of other people’s also. Since I was a purchasing agent, and did payroll the 3-day problem came up. Tuesday was a slow day at work, and well Fridays, let’s get real here. I told my employer quite frankly that not much of anything would get purchased on a Friday anyway. Most of those orders will not hit someone’s desk until Monday. You’re not likely to get a sales rep to come around on Friday either. It’s like Friday “work” days dissolve somewhere around noon for quite a lot of professions. Most things are stalled until Monday because someone is usually missing on Friday. My employer acknowledged this. He was notorious for disappearing on Fridays. Monday and Friday off would have been sweet but that would have been pushing the envelope. I acknowledged that I needed to be there for payroll on Mondays. The best thing was when the company decided I needed to work 40 hours again. My wages almost doubled.

 

Like ABC news stated this morning, now is the time to negotiate for shared hours, shorter workweeks, and/or working from home. I did it when there was no energy crisis, late 80’s and early 90’s. A good employer should have no problem paying for a job well done regardless of the time involved. If you have a job that doesn’t involve other associates on 5 day work weeks, you’ve got a good case for a 4 day workweek. Prove you work faster and more efficient than most and you’ll probably get your way. It’s win win right now.

 

Once you get used to 4 days, and really using that Friday in an organized way so you can kick back on Saturday AND Sunday, you’ll probably find you do much less running around altogether. The solitary time away from the rat race is priceless. It might be good for America to learn to relax and quit all the running around. It would certainly be good for the environment.  

 

DTE Venture Fund to Invest Billions in Alternative Energy

Monday, July 14th, 2008

 

I can’t believe it, but for whatever reason, DTE is going green. They are poised to invest billions in alternative energy for Michigan and from what I gathered of the Detroit Free Press article in yesterday’s Sunday paper, it is to help jumpstart Michigan’s economy. Actually, it said it was: “boosting the state’s efforts to become a leader in this rapidly growing market.” It can’t be talking about our senate’s recent efforts. It looks more like this is another example of the market driving environmentalism. The company couldn’t have made a more timely decision.

 

The article went on to say that DTE would invest $3 billion dollars over the next 6-7 years. This hinges on the state passing the mandate to insure 10% of Michigan’s electricity comes from renewable sources. The article reiterated that there are major differences between the senate and house energy bills, and that unless these differences are resolved, Michigan will continue to lose out on environmental jobs. 

 

DTE recognizes the potential for job growth, reduction in global warming, and energy independence by going green. The company is taking up the slack on wind power in Michigan that the latest round of energy bills through the senate seemed to dismiss. The “bulk of DTE’s multibillion-dollar investments will be in wind power.” The wind farms will be in the thumb region, the western side of the state, as well as, the possibility of a wind farm in Huron County.

 

DTE said it has begun to make multimillion dollar investments into its venture capital fund for alternative energy sources like wind, solar, and biofuels, but also new technologies and solutions, power storage, and companies that produce equipment like meters that monitor electricity use. This venture fund, formed in 1995, has not been active for the past few years, and is one of the few corporate venture funds available in the state “focused on alternative energy.” 

 

 

Recently, I happened to find a 1997 congressional presentation by many companies, including DTE, and from many states relative to alternative energy innovation. DTE presented some pretty advanced technology way back then. I’ve followed one of their investments, a company that produces hydrogen fuel cell extractors. It’s really advanced technology.  

 

What I find interesting is that these absolutely wonderful alternative ideas for energy presented to our federal congress back in the mid to late 90’s that were either ready to be developed further, marketed, and/or sold, just got shelved for years during the Bush administration. It looks like a big “Green Thumb” kept wraps on new technology entering the general public milieu even though the Texas ranch uses geothermal energy, and I wouldn’t doubt Cheney’s digs are eco friendly too. DTE just admitted their alternative energy venture fund has been on hold. It was obviously waiting on politics and/or the market.

 

I wonder if this new push to go green by DTE has anything to do with a federal judge vacating the “Clean Air Mercury Rule” as just another way to move pollution around, while demanding that the EPA set new standards for mercury emissions in less than 2 years? That ruling has a direct impact on coal fired plants. That’s for sure. Or is DTE keen enough to see the writing on the wall that a new environmental economy will lure more money and investment into Michigan, a good thing for all business, and in which case DTE is doing what our congress should be doing. Or is another monopoly forming because the possibility exists that any home can get solar panels, or a wind turbine, or a bio-digester for methane gas production, or all three, and provide energy for itself in the future. That paints a pretty scary picture for big utility companies and great incentive to go green first. 

 

The Plains States in America are Saudi Arabia of Wind

Tuesday, July 8th, 2008

  

I was watching Good Morning America this morning and the news featured a billionaire, ex-oil man named T-Bone Pickens on the subject of high oil prices. He stated that parts of America are known as the Saudi Arabia of wind and had to agree.  His home state of Texas has the largest wind field and is looking to Denmark to explore more off shore wind power along the coast. http://www.windenergynews.com/content/view/945/43/.

He stated there is no sense drilling for more oil in the U.S. There is not enough to sustain us but there is plenty of natural gas and WIND.

 

Meanwhile, I wondered about the “Saudi Arabia of wind” moniker and found that long-term studies have quantified the amount of mega the U.S. can produce. We’re rich with it.  Back in 2004, the U.S. Energy Dept. reported that wind power in the plain state’s region alone can provide more power than the entire nation’s electricity needs. And wind power is competitive with natural gas prices from way back in 2001. http://www.energyjustice.net/solutions/wind/.

According to Energy Justice, North and South Dakota alone have enough wind energy from its highest wind speed sites to supply over half of the electricity needs of the lower 48 states. A group of 12 states in the midsection of the country have enough wind energy potential to produce nearly four times the amount of electricity consumed by the nation in 1990.

Michigan just restored the monopoly by DTE Energy in Michigan, which allows DTE to limit use of alternative energy to only 10%. Does this  put a damper on overall use of more wind or solar power in Michigan? Does this limit individuals who want to go with solar and/or wind power for residential use?

 

The Green Gold Rush is On

Thursday, July 3rd, 2008

The news suggested yesterday that skyrocketing gas prices may not be a bad thing. I’ve always believed higher pump prices could be the proverbial kick in the shorts for people to pay attention to what’s going on. It’s working. Demands for greater gas mileage and energy saving alternatives has been just the catalyst needed for a whole barage of ideas to burst forth to a tune of $448 billion dollars so far this year, DOUBLE that of last year already.

Venture capitalists are having a field day. There are even some pension plans racing to invest in a green market.  Some of the inventions are remarkable. There are already plastic bottles created from corn by-products so they are totally biodegradeable. And every thing and any thing is being sought after to accomplish either energy production or energy storage, right down to bacteria.

So it is true, out of something bad can come something very good.  

Conserve first; drill later if at all

Tuesday, May 27th, 2008

 

We’re hearing a lot lately about drilling for oil. There are people so naive to think that by drilling in the Arctic or anywhere else we will see an instantaneous reduction in prices at the pump. Anyone with any street smarts should know that an instant price reduction like that means that the whole scenario about oil and availability is a fabrication. Some people evidently think that drilling for oil is like sticking a straw in a glass of chocolate milk when in reality the process of extraction is getting tougher and more expensive as the world’s oil supplies get more elusive.

 

A quote from a National Geographic article from 4 years ago states:

  

Others think that by curbing our oil use and developing sustainable alternatives now, we can delay the peak and wean ourselves more easily when the inevitable happens. There are many things you can do to ease the transition, says Alfred Cavallo, an energy consultant in Princeton, New Jersey. And you can have a very nice life on a sustainable system. Of course, not everyone is going to be driving SUVs.

 

This was the idea in 2004, yet in 2008, people in the U.S., some of the biggest fossil fuel hogs in the world are still arguing about global warming, and just curtailing the movement to replace fossil fuels with clean alternative energy sources once and for all.  In 2002, George Bush even admitted that global warming is man made and exacerbated by the fossil fuel industry. Yet the argument against environmentalism continues. Think how far ahead we could have been by now, and how many people could have had new employment with progressive companies in green business.

 

The Bush/Cheney administration has loosed so many environmental laws and/or ignored them that many citizens in many states are experiencing the result of companies like Halliburton devastating the terrain in search of natural gas and/or oil. Think of humans as giant mosquitoes. We’ve bit the earth in search of oil like blood over 500,000 times. The U.S. alone has approx. 500,000 abandoned/operating mines also. We’re abusing the earth plain and simple. Now we want to keep using coal fired plants and forcing the resulting CO2 emissions from them deep into the earth. Forcing gas into the earth has a bad sound to it, and is not an exact science yet. We don’t know what will happen.

 

When we think of environment we immediately think of air and water, but the earth is taking an awful hit too. Before we even think to drill more, more, more, we need to gage how much fossil fuel we really need, not what we currently, hungrily devour. And in order to do that we need to establish a baseline, which can’t be done until we restrict all extraneous usage and lower speed limits, car pool, change light bulbs, use a clothesline, shut off our techie equipment–you know, the easy stuff. It’s the least we can do.

 

Until we’ve done our part, we shouldn’t expect poor Mother Earth to keep doing hers to the extreme. Our world is sick and could use some TLC. Conserve first, drill later if at all.

 

.http://www.factcheck.org/askfactcheck/does_the_us_lack_sufficient_oil_refining.html

  

http://ngm.nationalgeographic.com/ngm/0406/feature5/fulltext.html

Cars that never need gas and the Americans that drive them.

Wednesday, May 14th, 2008

Check out this news from the Sierra Club: “Cars That Never Need Gas. Wish you never had to fill up again? Darrell Dickey doesn’t. He drives an electric car that’s charged by photovoltaic panels on the roof of his house. He’s one of three drivers who told us how they got into owning cars that are charged by wind or solar power.  As Dickey puts it, ‘For $45,000 we got a car and fuel for the rest of our lives.’” It covers the electricity on his house too.

Heck I paid more for my premium gas guzzling Cadillac 9 years ago. For anyone who pays a lot of money for their cars, this is a possibility. Throw in the house electric and what a deal! 

Read about other people who are taking the initiative to help themselves while they help the environment.  http://www.sierraclub.org/wecandoit/home/electric_cars.asp.