Southern California faces higher blackout risk this summer
The risk of electricity blackouts in Southern California during the hottest days this summer is more than triple that of previous years because power plant additions have failed to keep up with demand, the state’s grid manager said.
The likelihood of a Stage 3 emergency, when reserves dip below 3% and power is cut to some customers to prevent a system collapse, rose to 10% for Southern California from 3% in last year’s forecast, the California Independent System Operator said in a report Monday.
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In defense of oil companies
It’s fashionable to characterize Big Oil as greedy gougers that should have their profits taxed more heavily. Here’s why that’s foolish thinking.
Analysis: Azeris seize Iran nuke material
The 915 megawatt VVER-1000 PWR Bushehr reactor, costing an estimated $1 billion to $2 billion, has become a bone of contention for both the Bush administrati...
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The financial crash has a simple cause and a simple solutionSource:
http://feeds.feedburner.com/~r/theoildrum/~3/25245...Post Date: 2008-03-16 07:01:42
The WSJ has a decent article describing the current financial crisis and pulling no punches:
Debt Reckoning: U.S. Receives a Margin Call
The U.S. is at the receiving end of a massive margin call: Across the economy, wary lenders are demanding that borrowers put up more collateral or sell assets to reduce debts.
The unfolding financial crisis -- one that began with bad bets on securities backed by subprime mortgages, then sparked a tightening of credit between big banks -- appears to be broa...
DrumBeat: March 16, 2008Source:
http://feeds.feedburner.com/~r/theoildrum/~3/25243...Post Date: 2008-03-16 06:07:57
Deffeyes: Seven Deadly Sins
1. Thou shalt not drive an SUV at 70 miles per hour on the freeway, with the air-conditioner running, just to pick up a half gallon of milk at the grocery store.
2. Thou shalt not waste energy and water by enjoying long hot showers.
3. Thou shalt not vote for a presidential candidate who does not speak up about peak oil.
4. Thou shalt not read the writings of Michael Lynch, Daniel Yergin, Jed Mouawad, or ExxonMobil. Pray that they may soon recognize th...
David Paterson: First Openly Peak Oil Aware GovernorSource:
http://feeds.feedburner.com/~r/theoildrum/~3/25196...Post Date: 2008-03-15 06:46:24
Eliot Spitzer’s historic fall from grace was a blow to many progressives who believed that he would reform New York’s dysfunctional state government, but his replacement may be equally transformative, but from a Peak Oil perspective.
David Paterson will be the nation’s first legally blind Governor and only the fourth African American governor (New York’s first)since Reconstruction ended. As I wrote back in 2006, Lieutenant Governor David Paterson is not only pe...
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