Wednesday, Dec 25th
Last update08:40:18 AM GMT
Energy Glance
The oil pipeline, which BP owns as part of a consortium, can carry up to 90,000 barrels of oil per day.
Another key oil pipeline, which runs from Azerbaijan through southern Georgia into Turkey, is already shut.
TVNL Comment: Just another reason to raise prices.
Requiring nothing but abundant, non-toxic natural materials, this discovery could unlock the most potent, carbon-free energy source of all: the sun. "This is the nirvana of what we've been talking about for years," said MIT's Daniel Nocera, the Henry Dreyfus Professor of Energy at MIT and senior author of a paper describing the work in the July 31 issue of Science. "Solar power has always been a limited, far-off solution. Now we can seriously think about solar power as unlimited and soon."
TVNL Comment: Let's see if we are allowed to have this technology!
This could extend the driving time of electric cars and the life of mobile devices such as cell phones, music players and cameras by the same amount, making a typical laptop battery last 40 hours instead of four..
"It's not a small improvement," researcher Yi Cui said. "It's a revolutionary development."
Cui expressed optimism that the technology could be commercialized within "several years."
A U.S. scientist has developed a new way of powering fuel cells that could make it practical for home owners to store solar energy and produce electricity to run lights and appliances at night.
The new plant, PS10 (Planta Solar 10), is the first commercial solar thermoelectric power plant in the world and has a peak capacity of 11MW - sufficient to generate 23 million kWh of electricity per year powering 6,000 homes and saving 18,000 tonnes of carbon emissions per year. The plant took four years to build with construction finishing at the end of 2005 and has so far cost 35 million Euro. Construction was led by Solucar, an Albengoa company.
A second power tower, PS20 is being constructed which will produce around a peak of around 20MW of electricity. Construction began in October 2006.
PS10 is the first of a series of concentrated solar power plants which will total 300 MW of peak capacity by 2013 - enough to power almost 200,000 homes. The total cost of the project is in excess of 1.2 billion Euro.
Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company.
Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, or $1.83 a share, last year.
TVNL Comment: They had lowered production based on much less demand and still posted record profits Do you understand what this means? Do you know the laws of supply and demand? This is simple and plain extortion made possible by Dick Cheney's energy policies.
Exxon Mobil Corp. and Chevron Corp. may report their lowest production since 2005, leaving investors reliant on record energy prices to drive profit gains at the largest U.S. oil companies.
Second-quarter output fell more than 5 percent, the most in at least a decade.
TVNL Comment: Record prices with reduced demand. Do the math. Thank Dick Cheney.
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