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Saturday, Nov 29th

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First European Solar Power Tower

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.

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Exxon has record profit again on soaring oil prices

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.

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Exxon, Chevron Rely on Record Prices for Gains as Output Drops

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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Florida ends voluntary green energy program

Florida utility regulators today powered down an $11.4 million program designed to promote green energy, but whose budget overwhelmingly funded marketing and administrative costs.

The program, operated by Florida Power & Light and Austin, Texas-based Green Mountain Energy Company, charged willing FPL customers a $9.75 monthly fee in addition to their regular power bills. The parties were supposed to develop an extra 150 kilowatts of solar energy for every 10,000 residential customers who signed on to the Sunshine Energy program.

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Perle Linked to Kurdish Oil Plan

Mr. Perle, one of a group of security experts who began pushing the case for toppling Iraqi dictator Saddam Hussein about a decade ago, has been discussing a possible deal with officials of northern Iraq's Kurdistan regional government, including its Washington envoy, according to these people and the documents.

TVNL Comment: Perle is a PNAC crazy who spoke about needing a "new Pearl Harbor" for America to accept their plans.

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Industry Gushed Money After Reversal on Drilling

Campaign contributions from oil industry executives to Sen. John McCain rose dramatically in the last half of June, after the senator from Arizona made a high-profile split with environmentalists and reversed his opposition to the federal ban on offshore drilling.

Oil and gas industry executives and employees donated $1.1 million to McCain last month -- three-quarters of which came after his June 16 speech calling for an end to the ban -- compared with $116,000 in March, $283,000 in April and $208,000 in May. 

TVNL Comment: Gee, what happened to the term "flip-flop"? Oh, that was reserved for Democrats.

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Bush administration taking early step toward taking oil from vast Western shale deposits

The Bush administration wants to start a process before leaving office for developing oil shale, rocky deposits in the western United States that eventually could yield 800 billion barrels of oil, according to government estimates.

The Interior Department is scheduled to unveil proposed regulations Tuesday for a program to sell oil shale leases on federal lands, similar to the leases sold now for oil and natural gas both on and offshore.

TVNL Comment: The looting mission continues.

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