Stories tagged with "energy infrastructure"

Investor Class Civil War: Stewart v. Cramer

When "class warfare" is typically discussed, it usually refers to the farmers, lower income or working class trying to negotiate for a larger share of the economic pie against landlords, government or business owners respectively. Sometimes there is a settlement and life goes on. Other times bitterness lingers for years or a generation.

Many might label the current feud that has erupted between The Daily Show host John Stewart and CNBC as part of this tradition of class warfare, but it has really exposed a rift between the investor class between Wall Street insiders and outsiders that have faithfully invested their money over the years to save for retirement, higher education, buy a home or whatever. This rift, has exposed a deep gulf of trust that could impact personal investment & savings patterns for generations if unresolved. And this has major implications for the future of capitalism and in particular publicly traded energy companies.

Or Link HERE to see the full interview on the Daily Show's website.

Advice to Pres. Obama (#5): One Engineer's Advice for Energy Policy

This article is one of a series of articles, offering energy advice to President Obama and his administration.

The incoming Obama administration has promised a much-needed change in the direction of US energy policy (or non-policy, as some see the current situation).  However, some of those changes appear to be campaign gimmicks or aimed at satisfying special interests rather than solving our various problems.  (The heavy-for-light crude swap in the Strategic Petroleum Reserve proposed in the Obama-Biden energy proposal appears to be one such gimmick.)

For much too long, US energy legislation (I hesitate to call it policy, because it lacks the coherence to justify the label) has been aimed at short-term patches on problems which have only gotten worse.  CAFE regulations have barely held fuel economy steady, while low fuel prices caused consumption to skyrocket.  "Free trade" allowed cheap oil imports to kill movement toward efficiency and substitutes.  The auto industry lobbied against fuel taxes to promote its short-term interest in selling profitable trucks, with the long-term result that all 3 US automakers will go bankrupt in the next year if nothing is done.

We've had change before, but the results put us where we are now.  It's time for the right change. 

Hurricane Ike, Shut-In Production and Energy Infrastructure (Updated 9/9 10:00 EDT)

Hurricane Ike has crossed Cuba and entered the Gulf of Mexico, less than 2 weeks after Hurricane Gustav moved ashore in Louisiana, shutting in oil and gas production and causing damage to transmission lines. (As of Sep6, the LOOP came back up on one of the three mooring points, (8 days down time) - The 5 pm NHC forecast is for a late Fri pm central TX landfall - each of the last 3 NHC updates have shifted the track north and are forecasting Ike to be a 'major' hurricane. (e.g. Cat 3+). Any further model tracks north bring it close to large refining areas.



NHC Forecast for Hurricane Ike - click to go to Wunderground

New maps and new discussions as of 9/9 10:00 EDT.

Hurricane Gustav, Energy Infrastructure & Production Impacts/Models (Updated!--Thread 2)

(Welcome: we are now on a later and more updated thread, which can be found here: http://www.theoildrum.com/node/4478 NB: you may want to just go the front page (it will be post #1 or #2) to get to the most recent thread: http://theoildrum.com ...)

Hurricane Gustav is on its way. Damage to oil and gas infrastructure from this event is looking more and more likely on current track. Here are the latest damage graphs and updates from KAC/UCF. Update from Chuck Watson 9:24 EST (Next update Saturday 8/30)

Continuing westward shift: this based on the BAMD model, which is doing as well as the more sophisticated runs and is a lot faster (this run based the 8pm position and intensity estimates, so it's almost real time as opposed to waiting 3-4 hrs for GFDL or HWRF).