Energy Glance
The U.S. Geological Survey has recorded three earthquakes in Arkansas near the small town of Greenbrier, north of Little Rock.
A preliminary 4.7 magnitude quake was recorded at 11 p.m. Sunday night, and according to the AP, was felt in four other states. A 3.8 quake followed just 18 minutes later, with a third 3.6 magnitude earthquake recorded at 2:46 a.m. Monday morning. No damage or serious injuries have been reported.
Is fracking causing Arkansas earthquakes?
Using Solar Power to Extract Oil
A California company has begun using solar power to squeeze oil out of an old oil field, flooding the underground rock with steam that comes from the sun’s heat instead of from burning natural gas.
The technique was tried in the 1980s by the Atlantic Richfield Company, but GlassPoint Solar, of Fremont, Calif., which cut the ribbon on a pilot project Thursday, says its plant is the only one of its kind now operating. Other companies have discussed such projects.
Texas' electric deregulation cost: $11 bln in higher rates
A report released Monday concludes that electric deregulation has cost Texas residential consumers more than $11 billion in higher rates and that the operator of the state's major power grid, the Electric Reliability Council of Texas, has been poorly managed and industry-dominated.
The 101-page report, "The Story of ERCOT," is the result of a research project of the Steering Committee of Cities Served by Oncor and the Texas Coalition for Affordable Power, which works with 158 cities and other governmental entities to buy electricity in bulk.
Breakthrough promises $1.50 per gallon synthetic gasoline with no carbon emissions
UK-based Cella Energy has developed a synthetic fuel that could lead to US$1.50 per gallon gasoline. Apart from promising a future transportation fuel with a stable price regardless of oil prices, the fuel is hydrogen based and produces no carbon emissions when burned. The technology is based on complex hydrides, and has been developed over a four year top secret program at the prestigious Rutherford Appleton Laboratory near Oxford. Early indications are that the fuel can be used in existing internal combustion engined vehicles without engine modification.
Solar Panel Maker Moves Work to China
Aided by at least $43 million in assistance from the government of Massachusetts and an innovative solar energy technology, Evergreen Solar emerged in the last three years as the third-largest maker of solar panels in the United States.
But now the company is closing its main American factory, laying off the 800 workers by the end of March and shifting production to a joint venture with a Chinese company in central China. Evergreen cited the much higher government support available in China.
China Improves Energy Efficiency By 20 Percent In 5 Years
China met a five-year target to improve energy efficiency by cutting power to industry and imposing rolling blackouts, even though a massive economic stimulus increased energy use.
Energy consumption per unit of gross domestic product was reduced by 20 percent from 2005 levels by the end of 2010, said Zhang Ping, chairman of the National Development and Reform Commission. It is China's top economic planning body.
BP Not Alone in Lax Practices, Obama Spill Panel Says
BP Plc’s Gulf of Mexico oil spill was caused by poor management practices that are “systemic” in the industry and may recur absent “significant reform,” according to a presidential panel probing the spill.
Bad decisions by BP and its main contractors, Halliburton Co. and Transocean Ltd, coupled with lax government oversight, caused the worst U.S. offshore oil spill, the National Commission on the BP Deepwater Horizon Oil Spill said today. The April 20 blowout of BP’s Macondo well, which killed 11 workers, destroyed Transocean’s $365 million Deepwater Horizon rig and spewed crude for 87 days, was avoidable and not the result of “aberrational decisions,” the panel said in a report.
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