Suppliers who mercilessly drive up prices
Breaking free of Atomic Energy at low cost
Japan should pursue a more MUTUALLY satisfactory business arrangement with the USA. The USA presently has a MASSIVE SURPLUS of Liquid Petroleum Gas (LPG) supplies. Butane, propane and the like can purchased, processed and transported, for much lower costs, than LNG to Japanese electrical utilities and for transportation fuels. The slight advantages of LNG are significantly outweighed by the LOW Cost and plentiful supplies of LPG. Chubu is unwittingly playing into the hands of merciless traders who are creating an artificial shortage of LNG. Japan can, and should make a better deal.
Saturday, Sep. 29, 2012 http://www.japantimes.co.jp/text/nn20120929f2.html
NAGOYA — Chubu Electric Power Co. is stepping up its drive to secure cheap and stable supplies of liquefied natural gas from the United States. Gas prices have been declining since the mid-2000s in the United States because the shale gas revolution has made vast amounts of gas available that were previously off limits to commercial production.
Utilities have stepped up LNG imports for their thermal power stations, which are running at high capacity nationwide to offset the loss of atomic power generation. On July 31, Chubu Electric signed a liquefaction deal with a subsidiary of Freeport LNG Development L.P., which runs an LNG terminal in Texas. Osaka Gas Co. is also party to the agreement. Under the deal, Chubu Electric will receive 2.2 million tons of LNG per year, equivalent to around 20 percent of its annual procurement needs. If domestic companies succeed in establishing a business model based on the procurement and liquefaction of gas in the U.S. for Japan, they may be able to seize the initiative from suppliers who have been mercilessly driving up prices.
Yuji Kakimi, an executive officer at Chubu Electric, stressed the importance of the Freeport LNG deal, describing it as "a new step" in efforts to enhance the nation's energy procurement program."We want to create a new chapter in the history" of Japan's energy industry, Kakimi said.
Propane Supply Outlook
USA Propane production is increasing rapidly
http://www.npga.org/files/public/Propane_Supply_Sources_and_Trends_Augus...
Propane Supply Outlook
The propane supply outlook is very positive. The percentage of U.S. propane supply produced from
domestic resources has been increasing for the last few years, from 73% in 2005 to 85% in 2011.
This trend is expected to continue. Production of propane from natural gas liquids associated with
new shale gas production will increase rapidly between 2012 and 2020, leading to a substantial
increase in U.S. propane supply.
OPEC USA
In the 1st quarter of 2012, total U.S. propane supply produced from U.S. and Canadian resources exceeded total propane demand, including both consumer propane demand and industrial feedstock demand, for the 1st time.
http://www.npga.org/files/public/Propane_Supply_Sources_and_Trends_Augus...
Summary
There is a fairly widespread impression that most of the propane consumed in this country comes from crude oil or is imported from other countries, and is subject to the same types of energy security risks associated with gasoline, diesel fuel, and other products produced from imported crude oil. However, due to recent changes in propane supply trends, these impressions are no longer valid. Today, propane is a domestically produced energy source.
Due to growth in propane production from domestic natural gas liquids, the U.S. propane industry has recently achieved three major supply milestones:
1) In 2010, the U.S. became a net exporter of propane for the first time in more than 30 years.
2) In 2011, total U.S. production of propane from domestically produced natural gas liquids exceeded total U.S. consumer propane demand for the first time.
3) In the first quarter of 2012, total U.S. propane supply produced from U.S. and Canadian resources exceeded total propane demand, including both consumer propane demand and industrial feedstock demand, for the first time.
The domestic supply of propane is expected to continue to grow over time due to growth in natural gas liquids production in association with shale gas and shale oil.
LPG Supply Growth
From the Oil & Gas Journal
by 2015 LPG extracted from:
... associated natural gas should rise by nearly 7 million tonnes/year
... nonassociated gas should increase by more than 13 million tpy, or 3.6%/year,
http://www.ogj.com/articles/print/vol-110/issue-3b/general-interest/glob...
LPG supply growth
By far the most important ingredient in these trends, said Otto, is the large and growing discrepancy between world crude oil prices and natural gas prices, mainly in the highly liquid gas markets of North America.
Otto noted that crude oil prices in early 2012 hovered around $105/bbl, while Henry Hub (US) gas prices during the same period had fallen to as low as $2.70/Mcf. As a result, he said, LPG extracted from associated natural gas should rise by nearly 7 million tonnes/year through 2015, or 2.6%/year, as crude oil production rates rise.
LPG production from processing of nonassociated gas represents the most rapid growth and should increase by more than 13 million tpy, or 3.6%/year, by 2015.
Expansions at refineries, traditionally the weakest contributor to LPG supply, will nonetheless push supply by around 8.5 million tpy, or 2.1%/year, through 2015.
Globally, growth in LPG supply in the Middle East is leading the way, Otto said. Through 2015, the region's supply will grow to about 68 million tpy, or about 25% of total global supply, with nonassociated gas development driving the trend upward.
Yeaaaah? And this supports
Yeaaaah?
And this supports your contention that there is a global conspiracy to manipulate energy markets in order to deny the japanese the ability to generate electricity with propane in order to force them to restart their reactors ...
how? .... exactly?
Pending
Rude Dog et al
Your appeal is pending @ http://www.nuc.berkeley.edu/forum/218/suppliers-who-mercilessly-drive-pr...
TTFN
Nuclear energy production in
Nuclear energy production in Japan, ~300 TWh per year.
http://en.wikipedia.org/wiki/Energy_in_Japan
US propane production, 226 million barrels / year
http://www.eia.gov/dnav/pet/pet_pnp_refp_dc_nus_mbbl_a.htm
= 35.9 billion liters / year x 26 MJ / L
= 934e9 MJ / year
=259 TWhr / year
Include 30% efficiency for converting fuel to electricity
= 77 TWhr / year
Thus I stand by my statement that all of the propane production in the US would not be able to replace nuclear energy generation in japan.
Not your original statement
Your present statement is correct. USA sourced Liquid Petroleum Gas (LPG) is not sufficient to replace nuclear generation in Japan.
Your earlier statements were false. And they were not on point.
We were discussing a contrived market inefficiency in LPG, which is working to the detriment of US, Mexico and Japan.
You came on loud, strong and wrong.
"We were discussing a
"We were discussing a contrived market inefficiency in LPG"
No, we were not discussing anything. You just posted a bunch of rambling conspiracy theories with some revenge fantasies for the "traitors" behind them.
Your Bulverisms are showing
More logical flaws
Your Bulverisms are showing.
Most of the bloggers on this site have seen previous logical flaws. Bulverisms are quite familiar territory. You might want to move on along. Bulverisms will not pass for an argument on this forum.
"You must show that the statement is false ... before speculating on the motives for making the statement." (possible paraphrase)
CS Lewis
I didn't say anything about
I didn't say anything about your motives for posting a bunch of rambling conspiracy theories and revenge fantasies.
Logical Flaws ... aplenty
Your discussion consists, in the main of logical flaws, including but not limited to:
Argumentum ad: hominem, ignorantiam, verecundiam
With the occasional amateurish Bulverism tossed in for 'bad-measure'.
And the audience is an Engineering Forum ... (Not good)
Engineers are, for the most part, well versed in classical logic, the scientific method, AND Boolean Algebra. Obvious (intentional) logical flaws are NOT going to 'cut the mustard'.
But, thanks for playing ...
About a month's production
The Chubu contract amounts to about a month's production of LPG, at the present (depressed) USA refinery LPG production rate.
At a BTU parity price with LNG, the available USA LPG will substantially increase, as will the available USA LNG.
This is because, the excess LPG both depresses prices paid, and available supplies of gas at the wellhead.
Increased LPG contract use will INCREASE total wellhead revinues, to gas producers, while reducing the USA/World LNG price.
"At a BTU parity price with
"At a BTU parity price with LNG, the available USA LPG will substantially increase, as will the available USA LNG. "
A fraction of every barrel of crude oil that is refined winds up as LPG. LPG production will go up only if more crude oil is refined.
The rate of crude oil refining is set by the demand for the more valuable gasoline and diesel fractions. The fixed fraction of LPG produced relative to gasoline causes supply of LPG to exceed demand in the US leading to a low price. Increasing the price of LPG will benefit us refiners but will cause no increase in production.
But hey, if there's money to be made might as well sell it to the Japanese.
Natural Gas v Gasoline
Natural Gas processing is NOT closely linked to oil refining and gasoline production.
Gas at the wellhead is generally separated and piped separately from the oil.
Processing is MOSTLY separate.
Some oil in gas, some gas in oil and some push/pull at refineries, based on market demand.
But MOSTLY separate
LNG is liquified natural gas,
LNG is liquified natural gas, natural gas is methane, it comes from natural gas wells.
http://en.wikipedia.org/wiki/Liquefied_natural_gas
LPG is liquified petroleum gas, it is a combination of propane and butane, it is a by product of crude oil refining.
http://en.wikipedia.org/wiki/Liquefied_petroleum_gas
Half-Truths
The production from US petroleum wells varies significantly. Some wells produce dry gas, wet gas, condensate, oil, heavy oil, high paraffin, tar and so forth. There are various mixtures coming out of the ground, from the same well, depending on depth and/or formation.
Wellhead gas contains methane, propane, butane, pentane and so forth and sometimes even 'half-drip' a naturally occurring gasoline.
The retail natural gas market and LNG exports are high-purity methane. The longer-chain hydrocarbons and water having been previously removed. LPGs are the bottom end, longer-chain hydrocarbons in the gas-production. LPGs are the shorter-chain hydrocarbons in the oil-production. LPG products are derived from oil production and gas production.
Natural gas processing is, for the most part, a separate process from oil-refining. There are some overlaps.
Plus, the chemical engineers can, with some effort and expense, lengthen and shorten the hydro-carbon chains to produce what the market demands.
Well I'd love to stay and
Well I'd love to stay and chat but those prices aren't going to mercilessly increase themselves you know.
All kidding aside. The US produces 1M barrels of propane a day. If you sent all of it to Japan it wouldn't be enough to replace the energy from their nukes.
Correction
Data and Source
The EIA shows 20,000,000 Barrels/day total Liquefied Refinery Gases
http://www.eia.gov/dnav/pet/pet_pnp_refp_dc_nus_mbbl_m.htm
It is a simple matter to click through the EIA web data for the various breakdowns on storage, produciton and refining.
TTFN
Your link is monthly not
Your link is monthly not daily
Yes you are DAFT
The question, "Are you daft?" comes to mind.
As does the answer, 'Yes, you are daft'.
"click through the EIA web data for the various breakdowns on storage, produciton and refining"
And from that, you do NOT LIKE the EIA link.
Beyond being DAFT, you are also ... an ARSE.
Daft and worse
The Link does not vary
Note to novice
The EIA link does not vary when you select daily, month, annual
Data and/or Graph
TTFN
Note to dumbass. Yes it
Note to dumbass. Yes it does.
When the period-unit says "monthly - thousand barrels" it means thousands of barrels/month. When it says "monthly - thousands of barrels / day" it means thousands of barrels per day for that month.
The values in the table definitely do change when you change the units.
But hey! Isn't that site a fantastic resource!
Show us - Rude Dog
Rude Dog,
Ewe LYING cur-dog, beach (sic),
Show the magical URL Links your web-browser displays as Ewe toggle the EIA webpage from,
Day, Month, Year, Data and/or Graph.
Java Tools do not require a change in URL.
TTFN
Is everyone a liar?
This is Rude Dog.
You aren't arguing with me. You are arguing with someone else that you "think" is me.
Is everyone else a liar; just because they disagree with you?
Rude Dog is a liar
Rude Dog is a LIAR
That has been demonstrated multiple times.
This guy has made some inaccurate, false and misleading statements. Perhaps he is stupid. Perhaps a liar. Perhaps both, or neither.
However, Rude Dog IS an established, if not accomplished, LIAR. Perhaps this guy is Rude Dog. Perhaps not. That has little or nothing to do with 'Most People', 'Everyone' and/or 'Everybody'.
Rude Dog is a Liar
Asserted, not proven
Sorry; but you've never cited any specific statement in which Rude Dog lied. You only make hand-waving generalities that he lied. Show us a statement that Rude Dog made and then show us why it is inaccurate or a lie.
You've never done that.
Directed to the court
The assertions are directed to the court
The assertion that "Rude Dog is a Liar", is directed to the bloggers, NOT to Rude Dog.
It is not necessary to 'prove to' Rude Dog, that Rude Dog is a Liar.
It is sufficient to leave the judgement upon that matter to the 'court of public opinion'.
Still,
Rude Dog is a Liar
I'm not Rude Dog
I'm not Rude Dog - so show me that Rude Dog is a liar.
Read up
Rude Dog has been called for lying, dozens of times on the BRAWM forum, in recent months.
Read up, to your heart's content. The examples and evidence are plentiful. Repeating all that, would be 'off topic'. It is NOT a profitable endeavor, or my practice, to address arguments to advocates, in order to convince them. The preferred practice is to address matters of general interest to the general reader.
It was not necessary for Florida Courts to 'prove' to Ted Bundy (AKA Theodore Robert Cowell ) that he 'deserved the chair'. It was sufficient to convince the jury and judges. Florida lights flickered briefly at 7:16 am local time on January 24, 1989.
Case closed
TTFN
Case appealed!
OK - I'm the jury. I've read the threads of this forum, and I've never found an instance in which you called out Rude Dog to be a liar and proved the case. In 100% of the cases I've seen; Rude Dog showed you to be in the wrong. If the cases where you've triumphed over Rude Dog are so plentiful; then please point me to one. I seem to have missed it.
Rude Dog IS a Liar
It is, or recently was a free country.
Believe as you wish.
I personally believe ... that you are Rude Dog.
The writing style and rhetoric are identical.
Thus, move it on along.
Rude Dog IS a Liar.
I consider your protestations, to be just another Rude Dog lie.
TTFN
How convenient...
How convenient. You believe me to be Rude Dog when you can't answer a simple question. I know the truth of who I am and you have no idea and can only make assumptions. In this case, you've assumed wrong. Now show the world and me that you aren't just full of hot air and point to a thread where you were correct and Rude Dog was wrong.
Appeal
Your appeal for dispensatio is pending as is your request for immediate relief
Perhaps it will meet our rules of procedure ... etc etc
http://www.supremecourt.gov/ctrules/2010RulesoftheCourt.pdf
http://www.newadvent.org/cathen/05041a.htm
Don't call us, we'll call you
This thread is about LNG, LPG & Nuclear thermal sources and prices. It is not about you.
TTFN
Won't answer a simple question.
You won't answer a simple question. All I want is a simple answer to a simple question. I have the feeling I'm talking to a lawyer or a law student. That fits with the evidence that you don't know your science.
Pended
Your appeal is pended
Tick Tock Tick Tock
TTFN
Lordy, I can't believe how
Lordy, I can't believe how much I have to spoon feed you people.
Here's the links for the data and graphs that you get when you have period-unit set to "monthly - thousand barrels". Note that the label on the graph y-axis is "thousand barrels"
http://www.eia.gov/dnav/pet/pet_pnp_refp_dc_nus_mbbl_m.htm
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MLPRPUS1&f=M
Here's the links for the data and graphs that you get when you have period-unit set to "monthly - thousand barrels per day". Note that the label on the graph y-axis is now "thousand barrels per day".
http://www.eia.gov/dnav/pet/pet_pnp_refp_dc_nus_mbblpd_m.htm
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MLPRPUS2&f=M
Note that the values for each month change by a factor of the number of days in that month.
Apology? (and I'm not rude dog, you'll have to come up with another nickname for me.)
Industrial Sabotage
Eco-terrorism
Japan has stepped away from nuclear power. Some may question or oppose this transition. Others are apparently determined to SABOTAGE the sovereign will of Japan. One tactic to frustrate the will of the Japanese nation is to deliberately embrace unworkable alternatives.
Electrical Power Service Providers and national energy officials are well aware of the practical and technical limitations of: Solar Photo-Voltaic, Wind Generation and Biomass electrical generation schemes. There is similarly no realistic that they are unfamiliar with the LPG/LNG market realities in the USA. The USA has squandered BILLIONS of Dollars on these utterly USELESS technologies. The nuclear power industry groups have encouraged these exercises in futility. Their objectives have been to:
INCREASE electrical power costs
INCREASE electrical power demand
DECREASE electrical power reliability
PREVENT viable technology deployment
The nuclear power industry has been quite effective; in sabotaging viable competing electrical power technologies, in the USA. They have crushed political opposition in all 50 states, both political parties, congress, federal courts and the executive branch. It appears that they are accomplishing the same ends in Japan.
http://live.boston.com/Event/Live_blog_First_presidential_debate_between...
Meanwhile coal is banned; LPG is suppressed; hydroelectric is stifled; solar thermal languishes; and high VA efficiency electrical motor designs are virtually non-existent. LNG is attacked by ‘plugging the drain’ for LPG use in electrical generation and transportation applications. Offshore and Alaska drilling have been hamstrung.
These utterly corrupt companies, and their wholly owned lap-dog politicians, and media SHILLS have completely undermined the economy, sciences, engineering and innovation within the USA. The USA teeters on the brink of economic, social and governmental collapse as a result. Japanese electrical power customers are wished better success than USA citizens have enjoyed in this endeavor for a sound energy sector.
Bill Duff
"Meanwhile coal is
"Meanwhile coal is banned;"
Huh? Most of our electricity comes from burning coal.
"LPG is suppressed;"
Huh? Every drop of LPG is sold on the open market and used for heating and cooking.
"hydroelectric is stifled;"
Huh? Most of the good sites already have a dam.
"solar thermal languishes;"
Huh? Plenty of desert available. Feel free to build a plant if you think it will make money.
" and high VA efficiency electrical motor designs are virtually non-existent."
Huh? Electrical motor efficiency is already 90%. Physics says it's never going to get more than 100 %
" LNG is attacked by ‘plugging the drain’ for LPG use in electrical generation and transportation applications."
I'm not even going to give this a huh? since it doesn't even parse as a sentence.
"Offshore and Alaska drilling have been hamstrung."
Yup. We could throw open the taps ... for a while ... until the fossil fuels are gone. Then what?
9.9 for MWCI Post
The Olympic Lying Committee has made a ruling ...
9.9 for overall Lying Performance
9.9 for Technique
9.9 for Speed
The above 'Meanwhile Coal Is' post of Mon, 2012-10-08 07:28 has set a new record. The previous 9.85 record, held by William Jefferson Clinton, has been consigned to the waste heap of history.
Outstanding performance ... Remarkable ...
The International Half-Truth Society is considering renaming their museum, to memorialize this remarkable accomplishment.
More to follow!
Huh & Duh
Your argument consists of 'Huh & Duh'
Not much of an argument.
I'll simplify/explain ... 'parse' the sentence, for the interested reader.
LPG is accumulating in storage til there is no more storage available. This accumulation of LPG is now affecting the LNG marketplace. The effects include low wellhead price and low demand for natural gas. This is causing a reduction in DRILLING of gas wells in the USA and Mexico, as QUOTED previously.
So to speak, the natural gas and LNG marketplace 'Drain is plugged', by the accumulation of unsold LPG. This 'drain-plugging' will rapidly lead to a shortage in natural gas on the domestic market and the LNG (export market).
WE do not wish to 'Flare', the LPG. LPG is a clean burning fuel which can, and has been used for transportation, home heating, cooking and electrical generation.
The next time, you are functionally and/or totally ignorant on a subject; questions are in order. Arguments, distortions, half-truths and/or lies ... are not 'in order'.
TTFN
Drilling is being reduced
Drilling is being reduced because the flood of Natural Gas coming on to the market has depressed prices for natural gas below the cost of drilling.
Prices have to rise until drilling becomes profitable again.
Added demand for LPG will not keep Natural Gas prices from rising or increase production.
A VERY stupid thing to assert
Dredging the depths of utter stupidity
You stupidly stated that: "Added demand for LPG will not keep Natural Gas prices from rising or increase production."
Let's take a look at the last-half of that 'half-witted' statement.
You stupidly stated that: "Added demand for LPG will not ... increase production."
But hey ... apparently you failed or 'failed to take' any economics classes. Some of the information came from the earlier Bloomberg and NYTimes posts, prior to referencing the EIA website.
http://www.bloomberg.com/news/2012-09-03/u-s-shale-glut-means-gas-shorta...
http://www.nytimes.com/2012/08/30/business/energy-environment/japan-face...
TTFN
Harsh Justice
It is no secret that I favor HARSH JUSTICE for these perpetrators, as typically befits:
Disloyal, dangerous, betrayers, looters, ecological terrorists, economic pirates, and mass murderers. They have caused far more damage, death and misery than Al Qaeda, Pol Pot, Sadaam Hussein, international drug cartels and Somali Pirates ... COMBINED. These guys are 'down there' with Hitler, Stalin, Mao ... by my reckoning.
I am certainly happy to 'name-names' of the corporations and individuals ... again! However, by now we ALL know 'The Usual Suspects', in Japan, Germany, France and the USA. It is merely a matter of Rounding them up!
http://www.youtube.com/watch?v=FDhGS4EJS8M
Casa Blanca "Round up the usual suspects"
All forms of punishment combined are insufficient ... IMHO
Merchants requiring ‘discipline’
The overbearing arrogance of these corporate merchants and deadly plunderers has precedent.
Lucius Quinctius Cincinnatus (520 BC – 430 BC) was a political figure of the Roman Republic, serving as consul in 460 BC and Roman Magister Populi in 458 BC and 439 BC. Cincinnatus was regarded by the Romans, and many others, as the greatest hero of early Rome as well as a model of Roman virtue and simplicity. Cincinnatus was a living legend to the Romans. Twice granted supreme power, he served for not a day longer than the immediate circumstances required.
In 439 BC Cincinnatus rapidly put down a conspiracy of the merchant Spurius Maelius. Maelius was executed immediately, on the floor of the Roman Senate by the Roman Master of the Horse. Cincinnatus immediately resigned his office. http://www.gutenberg.org/ebooks/19725 http://www.gutenberg.org/files/19725/19725-0.txt
George Washington has often been compared to Cincinnatus for his willingness to give up near-absolute power once the American Revolutionary War won. The Society of the Cincinnati is a historical association founded in the aftermath of the American Revolutionary War to preserve these ideals in the American Republic. It is now time for the USA to reconvene the Society of Cincinnatus. The Japanese may choose to emulate their equivalent traditions, as popularized in movie ‘The 7 Samurai’. http://www.youtube.com/watch?v=xnRUHtSgJ9o That is, if all that radiation has not excessively ‘weakened’ the Japanese.
Bill Duff
Criminal Acts against a Sovereign Nation
National Security Threat
Is this a confession of a criminal act?
http://www.japantimes.co.jp/text/nn20120929f2.html
Energy/Power supply reliability is a vital national security matter. An unreliable electrical power grid constitutes a threat to national security. The consequences of electrical power interruption were illustrated following the Great East Japan Earthquake & Tsunami of 11 March 2011, also known as (AKA) the Miyagi/Tohoku Earthquake. Deliberate sabotage of the Nippon electrical power grid is an apparent act of war, terror, sedition, insurrection and/or treason against the nation. A deliberate act to disrupt the electrical power supply and the economy of Japan may constitute a serious criminal act.
Even a mere conspiracy to accomplish such energy/power disruptions objectives may comprise a serious criminal act under the code.
Plentiful USA LPG @ 1/8 the World Price for LNG
Every LPG tank in the USA is FULL!
Japan is falling into an LNG trap!
http://www.bloomberg.com/news/2012-09-03/u-s-shale-glut-means-gas-shorta...
“This massive LPG supply GLUT is already reducing drilling in the USA, Mexico and elsewhere. “
The traders, price manipulators and corrupt USA politicians are working together to create an artificial LNG shortage, and price run-up in LNG. The Keystone Pipeline Project will further reduce LNG availability and increase LNG prices.
Japan can make a better deal for electrical power generation and automobile fuel, with LPG.
IMHO
Bill Duff
Your quoted text does not
Your quoted text does not appear anywhere in the linked article and again you don't seem to understand the difference between LPG and LNG.
I'm not aware of any export restrictions on LPG to Japan.
You're not aware
You're not aware ...
Is a confession of ignorance, or perhaps mendacity. It does not rise to the level of evidence, argument and certainly not to a level of candor, accuracy, fact.
Truth is entirely out of the question.
No one stated that there were 'legal restrictions' on export of LPG to Japan.
You are floundering, desperately ... still ... again
A great vampire squid wrapped around the face of humanity
The Great American Bubble Machine
http://www.rollingstone.com/politics/news/the-great-american-bubble-mach...
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression -- and they're about to do it again
By Matt Taibbi
April 5, 2010 3:58 PM ET
The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates.
Forcing Nuclear Power upon Japan
A LOOMING LNG shortage
Japanese electrical power customers should review previous natural gas outages. A VERY expensive winter outage is headed toward Japan, to motivate atomic reactor restarts. This outage and price rise can be avoided by merely ‘adjusting the fuel jets from LNG (Methane) to LPG. It is a minor change. Certain Japanese nuclear power plant owners, operators as well as Engineering and Construction (E&C) firms are feverishly working with their counterparts in the USA to create a disastrous shortage in Methane. These nuclear industrialists and market manipulators are attempting to DRIVE Japan back into the nuclear power fold.
http://www.statesman.com/business/texas-power-outages-attract-interest-o...
Texas power outages attract interest of federal regulators
Published: 9:27 p.m. Friday, March 11, 2011
HOUSTON — As federal regulators look into the causes of the Texas electricity blackouts, they will use the inquiry to think about how to ensure that a new fleet of natural gas plants around the country can get plenty of fuel. Federal Energy Regulatory Commission Chairman Jon Wellinghoff said at the CERA Week conference that he wants to know the reasons for the Texas power generation outages and for interruptions in natural gas delivery to New Mexico.
But the Texas outages revealed some ways that the electricity grid remains disconnected from the natural gas pipeline network. The cold weather also boosted demand for natural gas to heat homes and caused pipeline pressure to decline. That led natural gas utilities to cut service to some power plants that had interruptible contracts, leaving those plants unable to fire up.
ERCOT started rolling outages to prevent total blackout. That caused some natural gas wells and pipeline facilities to stop, further aggravating the shortage. Texas officials are considering requiring natural gas plants to have firm fuel contracts and creating databases of critical natural gas and electricity infrastructure to share among grid operators and regulators.