Back in June, 2022, the Vogtle 3 and 4 reactors, not shown above, each 1.215 Gigawatts of nameplate capacity was pegged at $34 Billion, or $14 per watt, here.
$34 Billion would buy roughly 17 – 20 Gigawatts of wind capacity or 12 – 15 Gigawatts of solar capacity today.
Continue readingThe discovery of graphene by Andre Geim and Konstantin Novoselov, for which they won the 2010 Nobel Prize in Physics ( details at Nobel.org and at Graphene-Info) may be the most significant non-medical scientific event since the discovery or invention of the transistor in 1947. Graphene is a two-dimensional lattice of carbon – think of a flexible and one atom thick flat diamond – with very interesting physical and quantum properties.
And it may change the world.
Continue reading
The Deepwater Horizon Spill
“You can’t have oil without oil spills.” – Markwayne Mullin, R, Oklahoma. (Official / GovTrack)
Wind and Sun Won’t Spill
In a period when the Dow Industrials rose 30%, the S&P 500 rose 40%, and the Popular Logistics “Sustainable Energy Portfolio” rose 223%, the “Fossil Fuel Portfolio” rose 21%.
This suggests that a paradigm shift is underway in the energy industry.
This map shows the intensity of shaking in the area of a magnitude-3.9 earthquake that struck near Youngstown, Ohio, on Dec. 31, 2011. Research has linked this earthquake to the underground injection of wastewater from fracking. Courtesy USGS
As reported on Live Science, here, and NBC News, here, disposal of wastewater from Hydraulic Fracturing, “Fracking,” has been linked to earthquakes in Ohio. As reported in Green, a the NY Times blog, here, fracking has also been linked to increased seismic activity in Oklahoma, altho scientists are uncertain whether the earthquakes are because of the injection of wastewater underground or the extraction of oil and methane via fracking.
This makes perfect sense. Fracking is, after all, injecting explosives under tremendous pressure into underground rock formations, then exploding the rock formations. To expect that not to have other effects – such as earthquakes – would be naive.
A stability map of a simple power grid. Each point on this image represents an operating state of a simple power grid consisting of a few generators. Bluish regions constitute stable working states, red unstable and ‘salt-and-pepper’ represent chaotic behavior. One can tune a grid for stability by controlling the phasing of generators and transformers on the grid and such settings suffice for day-to-day operations. It is difficult to decide where, or by how much, abnormalities such as geomagnetic storms might push a system into red, unstable regions, or, worse, salt-and-pepper regions where the system oscillates between states. It is easy to find cases on the map where chaotic regions lie very close to stable regions, indicating that the destabilizing push need not be large at all. James Thorp, Cornell University, published in IEEE Spectrum
People paid to worry about the North American power grid regard geomagnetic storms as “high impact, low-frequency” events, spawning the inevitable acronym: HILF. Low frequency, in that a geomagnetic storm as intense as May 1921, at 5,000 nano-Teslas/minute, or the 1859 Carrington Event, best guess: 7,500 nano-Teslas/minute, might not happen in our lifetimes, the lifetimes of our children, or even our grand children. If signature traces in Arctic ice core samples are correct, these are ‘500 year events.’ When it comes to deciding where to put that preventative maintenance dollar, storm-proofing Oklahoma elementary schools against EF 5 tornadoes seems a far more practical spend than the hardening of electrical grids against a half-theoretical event that might not even happen in 500 years.
What pulls planners up short is the high impact part: the utter god-awfulness of a power grid that crashes and which then can’t boot itself up. There is a self-referential dependency: fixing a dysfunctional power grid requires it to be functional, as key aspects of the manufacturing of transformers need electricity.
Nor can one expect the cavalry to ride in anytime soon, as the vast geographic reach of geomagnetic storms means that one strong enough to take down the North American grid may very likely take down Eurasian grids as well – entire hemispheres could wind up in the toilet, and we only have two hemispheres. That and the statistical variableness to it all: the Carrington 1859 and May 1921 storms, nominally two ‘500 year events’ were, in fact, separated by only sixty-two years.
A Generator Step Up (GSU) transformer failed at the Salem River Nuclear Plant during the March 1989 geomagnetic storm. The unit is depicted on the left; some of the burned 22kV primary windings are shown on the right. Though immersed in cooling oil, the windings became hot enough to melt copper, at about 2000 degrees F. John Kappenman, Metatech
Coronal Mass Ejections are mainly charged particles, protons and electrons. When a CME arrives at Earth, the charged protons and electrons come under the influence of the Earth’s own magnetic field, the magnetosphere. Charged particles spin around the lines of magnetic force that comprise the magnetosphere, which diverts most of CME harmlessly around the planet, keeping Earth’s surface tranquil.
If the ejection is large enough, however, it can distort the shape of the magnetosphere, occasionally causing magnetic flux lines to snap and reconnect. When this happens, charged particles leak in and follow the magnetosphere’s flux lines down to the Earth’s ionosphere. There, they strike oxygen and nitrogen molecules and strip them of electrons. These ionized gases glow, giving rise to the ethereal beauty of the auroras around the north and south poles. Unfortunately, these excess charged particles also produce immense electrojets.
On August 31, 2012 a long filament of solar material that had been hovering in the sun’s atmosphere, the corona, erupted out into space at 4:36 p.m. EDT. The coronal mass ejection, or CME, traveled at over 900 miles per second. The CME did not travel directly toward Earth, but did connect with Earth’s magnetic environment, or magnetosphere, causing aurora to appear on the night of Monday, September 3. The image above includes an image of Earth to show the size of the CME compared to the size of Earth. NASA Goddard Spaceflight Center
Thursday, May 2nd, 2013, a coronal mass ejection (CME) hurled nearly one billion tons of charged particles from the sun’s corona at an outward velocity of one million miles per hour – 270 miles per second.
In less than a half hour, 2,700 virtual Empire State Buildings, 340,000 tons apiece – give or take a few gorillas – erupted from an active region of the Sun’s surface called AR1748, a northern latitude sunspot. AR1748 had just become visible on the western limb of the Sun’s surface when it ejected this mass, so the vast bulk of it hurled outward, not toward us in Libra, but more or less toward Cancer, at right-angles to us. In practical terms, it shot wide of its mark. Still an impressive shot. The CME had been triggered by an M class solar flare, the second largest in a five step scheme (An, Bn, Cn, Mn, Xn; for n a relative magnitude). It had been the largest coronal mass ejection observed thus far in 2013.
And it was still early in the day for AR1748.
John Kappenman reconstructed the electrojets which formed in the ionosphere late in the March 13, 1989 geomagnetic storm which compromised the Hydro-Quebec power grid in Canada. Concurrently, the eastward jet induced ground currents that severely strained the electrical distribution grid of northern continental United States, resulting in a transformer failure at the Salem Nuclear Power Plant, in New Jersey. Courtesy of Metatech
Nearly a quarter century ago, on March 13, 1989, a geomagnetic storm led to the collapse of the Hydro-Quebec electrical grid system, which furnishes power to much of the province of Quebec, Canada. So pervasive were abnormal currents, that protective circuit breakers tripped throughout the system, bringing the entire grid to a halt in about one and a half minutes. The grid’s self-protective systems were geared toward local abnormalities happening in particular places. In contrast, ground induced currents created abnormalities everywhere. The good news was that most of the hardware protected itself. The bad news was that six million customers were without power for as long as nine hours, and where transformer damage did occur, outages continued for another week.
Further south, the United States experienced a close shave. A second surge in the March 13 storm generated similar ground induced currents in the northern United States, with large current spikes observed from the Pacific Northwest to the mid-Atlantic states, one spike destroying a large GSU transformer at the Salem Nuclear Power Plant in New Jersey. According to John Kappenman, of the Metatech Corporation “It was probably at this time that we came uncomfortably close to triggering a blackout that could have literally extended clear across the country.”
Senator John Kerry
I met Senator John Kerry at the Harvey Nash Inc. Leadership Breakfast at the Plaza Hotel in NYC on Friday, March 2, 2012. He spoke unequivocally about infrastructure, energy, mass transit, and foreign policy, saying,
We need to invest in our infrastructure. The people who talk the loudest about ‘American Exceptionalism’ are destroying America.
Sending our children to college is competitiveness, not elistism.
“The American Infrastructure Financing Authority,” Kerry said, “would generate revenue by loaning money to people to build infrastructure. It has bi-partisan support. It should be a slam-dunk. But we can’t get it passed because of Republicans intransigence. The American people have to force the Republicans to compromise and force the Democrats to stand tall.
In the ’70’s we were #1 in college graduates; now we’re 16 th. We were #1 of the G 20, now we’re 5th.
The Acela can go 150 mph – and it does for about 18 miles between New York City and Washington, DC. It can’t go 150 mph over the Chesapeake Bay bridge because in doing so it may wind up in the Chesapeake. It can’t go 150 mph in the Baltimore tunnel because the vibrations may damage the tunnel.
The Acela
Editor’s note: The Acela runs it’s top rated speed for 16 miles on a 220 mile trip – about 7.3%. The trip on regular Amtrak is 4 hours. The trip on Acela is 3 1/2 hours. That’s about 62.9 mph.If the tracks would allow the train to make the run at it’s design speed of 15o miles per hour the trip would take an hour and a half, not 3 1/2 hours. Average 125 mph, it would take about an hour and 45 minutes.
A few years ago we were first in manufacturing solar energy. Now China has taken over that industry.
China spends 9% of GDP on infrastructure. Germany spends 5%. We spend less than 2%.
We are using the infrastructure that our parents and grandparents built. And it’s crumbling!
Wall of the bridge leading to the Holland Tunnel
In order to compete we must rebuild our infrastructure – and send our children to school. (And sending your children to school is not elitist.)
Kerry spoke like a Keynesian:
Saving GM and Chrysler saved about 1 million jobs. Had they been allowed to fail Ford and all the suppliers, and all the clothing stores, food stores, delis, diners, restaurants – all would have failed. Saving the American auto industry saved the midwest from a Depression. That’s not socialism; that’s what government is for. And Ford, GM, and Chrysler are profitable!
Editor’s note: Ford did not take TARP money. GM, Ford and Chrysler are building cars people want to buy, and people are buying them. The following chart shows market capitalization, stock price, earnings per share, price earnings ratio and net profit margin for GM and Ford. Chrysler is not included because it is privately held.
| Company | Valuation | Stock Price | EPS | P/E Ratio | Net Profit |
| (Billions) | (3/2/12) | Margin | |||
| Ford | $48.4 | $12.72 | $5.01 | 2.54 | 14.84 |
| General Motors | $41.4 | $26.45 | $4.58 | 5.77 | 4.06 |
According to San Francisco Chronicle / Bloomberg, here,
U.S. auto sales accelerated to the fastest pace in four years … a 15.1 million seasonally adjusted annual rate, exceeding the 14.2 million pace that was the average of 17 analysts’ estimates… the best since February 2008 when U.S. sales ran at a 15.5 million rate,
GM deliveries rose 1.1 percent to 209,306 cars and light trucks, beating analysts’ estimates for a 4.8 percent decrease. Chrysler sales increased 40 percent to 133,521 and Ford Motor Co.’s climbed 14 percent to 178,644. Toyota Motor Corp. and Honda Motor Co. deliveries each gained 12 percent, while Nissan Motor Co. sales rose 16 percent.
Yet Romney, Santorum, Gingrich and Paul persist in the lunacy that bailing out GM and Chrysler was a mistake. If they don’t want to govern, why do they want to be President?
Kerry also said:
Successful businesses today have a lot of cash. But the executives are reluctant to invest because the economic climate is too uncertain. That’s why government must step in.
This statement could have been made in 1932 by Franklin Delano Roosevelt or John Maynard Keynes.
Kerry criticized Santorum. “Saying my grandfather was a coal miner, so I could go to college, go to grad school, get an MBA and a JD, then get elected to the Senate, then make millions lobbying, and tell you not to send your kids to college…” If that’s not elitism and demagoguery I don’t know what that is.
The current political climate in Washington is terrible, that’s why Olympia Snowe is leaving the Senate. The Republicans are intransigent, they refuse to compromise; they are focused on destroying Obama’s Presidency – and will sacrifice America to do it. When G W Bush was President it took 30 days to get a judge approved. Today it takes 100 days, maybe 200 days. There were two (2) filibusters in the 19th Century, and another two (2) in the 20th before WW II. Strom Thurmond’s filibuster of civil rights legislation, a few more in the 60’s. Today there are 100 filibusters per session.
And “do the math, folks, we can’t balance the budget on the backs of our poor and our seniors. We must raise revenues. The Bush tax cuts on the wealthiest 1% and 2% must end.”
Kerry spoke about money in politics, and the disaster that was the Citizens United decision.
He also noted that Congress has an approval rating of 8%. I know why. Or at least, why I have disgust and contempt for most of the members of the House and Senate. The Republicans won’t compromise; they are beholden to “King” Grover, aka Norquist the Zeroth, and Democrats are too willing to compromise.
However, he ended on a positive note. He is confident that President Obama will be reelected, and is also confident that America’s best days are yet to come. All we have to is take the money out of politics, force the Congress to change, reelect the good incumbents and throw the bums out.
Here are my top 10 predictions for 2012. These are less readings of the tea leaves or the entrails of goats and chickens and more simple extrapolations of patterns in progress. Altho that may be the way effective oracles. They just masked their observations with hocus pocus, mumbo-jumbo, and guts.
This list runs a gamut from business and technology to energy, instability in the Middle East, micro-economics in the United States, politics, and not-yet-pop culture.
Here are the details … Continue reading
Tweet At the conclusion of the GOP debate, Wolf Blitzer thanked CNN‘s partners, the American Enterprise Institute and the Heritage Foundation. This partnership explains the framing of the debate on energy as “Burn Baby Burn” or “Drill Baby Drill.”
No questions were asked on the potential for renewable energy technologies, such as wind, solar, geothermal, hydro. Nor were questions asked on climate change or on the pollution and cleanup costs from coal, oil, gas, or nuclear.
Energy policy and climate are linked, and could be addressed in one question:
This summer people in Texas experienced an extended drought and 100 days in which the temperature was over 100 degrees (CBS). Is this normal? Is this the ‘new normal?’ If this is triggered by burning so much carbon based fuel in the last 200 years that we have elevated the level of atmospheric carbon dioxide from about 260 parts per million in 1800 to about 390 ppm today (350.org), and we have burned mountains of coal, lakes of oil and gas, is it prudent to continue to burn coal, oil, and gas, or should we embark on a plan to transition to non-fossil-carbon sources of energy, such as wind, solar, hydro, geothermal, etc? And if so, how quickly?
This could also be asked in a national security context:
Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, identified energy and climate change among the constraints which, in his words, “could place the United States at a strategic turning point…. Glaciers are melting at a faster rate, causing water supplies to diminish in Asia. Rising sea levels could lead to a mass migration and displacement similar to what we saw in Pakistan’s floods last year. And other shifts could reduce the arable land needed to feed a growing population in Africa, for example. Scarcity of water, food and space could create not only a humanitarian crisis but create conditions that could lead to failed states, instability and, potentially, radicalization.” (NRDC / WWF) What does this mean for the USA in the next 4 to 8 years and what should the President do about it?
Continue reading
Tweet Via NPR‘s All Things Considered, from correspondent Richard Harris, Feds Delay Decision On Pipeline Project
The State Department is delaying a decision for at least a year on whether to approve the Keystone pipeline. The $7 billion pipeline would carry oil from the tar sands of Alberta, Canada, through the U.S. to Gulf of Mexico refineries. Nebraska’s state government and environmental groups have put intense pressure on the State Department and White House to reject the pipeline’s proposed route. NPR’s Richard Harris talks with Robert Siegel about the project.
Audio here (available after 1900 hours Eastern time, 10 November 2011).
Wikipedia’s entry Keystone XL Pipeline has a detailed – and, in our view, fair – account of the controversy. While on balance we do not support the Keystone pipeline, a very well-reasoned argument in favor of the pipeline can be foundon the blog of JEH Land Clearing, from which we’ve taken the following map of the proposed pipeline (route in red; other pipelines indicated are already in existence/operation). 
The Texas economy will benefit from the increase in production. The area east of I-35 is consistently in economic hardship (Port Arthur’s unemployment rate is hovering around 15%), and the construction, land clearing, surveying and refinery jobs will help lower the staggering unemployment rate. It is estimated that the Keystone Pipeline will help create over 20,000 jobs. Texas alone will see over $2.3B in new spending and the US will see about $20B in new spending. The increase of personal income in the state will be about $1.6B and the US will see an increase of $6.5BB. Profits will be re-invested in the local economy improving the quality of life and increasing the number of business in the area. Regardless of where you stand on this issue, one fact remains; the only one way to get heavy crude from Canada to the Texas gulf coast is a pipeline.
Excerpted from Oil Pipeline Invigorates Texas Economy
We support public works projects as economic stimulus, particularly those which come with improvements to energy and other infrastructure; in our view a massive wind/solar public works project in Texas might have the same effective economic stimulus with a better energy outcome, with a significantly lower environmental impact
What JEH doesn’t mention are the costs in terms of environmental damage, water, and health effects. These are long term costs, which are, in the parlance of neoclassical economics, “externalized,”or pushed into the future, and pushed off the balance sheets, kind of like CDO’s, or Collatoralized Debt Obligations, made famous by the financial crisis. Ecological economics recognizes that these costs must be considered, just as recent economic history forces us to recognize the real value of mortgages and mortgage backed securities. As we are learning, ignoring risk is unwise. Put bluntly, the Keystone XL pipeline is kind of like a $1.0 Million “McMansion” sold for $25,000 down, with a $1.0 Million mortgage which is, of course, a negatively amortized interest-only note for the first 5 years – at which time the borrowers will have to pay $1.1 Million, plus interest. But in reality, the $5 billion pipeline is like an aggregated set of five thousand negatively amortizing $1.0 Million toxic McMortgages on McMansions built of radioactive materials on toxic waste sites below sea level.
We intend to elaborate on the costs, risks, and benefits of pipelines in future posts; as well as a series on the Bonneville Power Administration, which has been supplying electricity in the Northwest for almost 75 years, and which we think is a model for energy-related public works projects.
Tweet Maria Scarvalone’s coverage illustrates how rapidly and intensely opposition to “fracking” has spread in communities in Upstate New York. Her coverage suggest that the fracking question
“It’s like playing Russian roulette with your water supply.”
has energized voters – against the “fracking” scheme. Scarvalone’s piece makes the probability of “fracking” coming to pass seem unlikely. Add to that other constituencies who are likely to oppose fracking: banks, property owners, title insurance companies, attorneys and real estate professionals will influence the ongoing debate over “Fracking.” Continue reading
Green Living Festival
Tweet I am presenting “Beyond Fuel: From Consuming Natural Resources to Harnessing Natural Processes,” a discussion of the hidden costs, or “economic externalities,” of nuclear power, coal, and oil, and the non-obvious benefits of wind, solar, marine hydro and efficiency at the Space Coast Green Living Festival, Cocoa Beach, Florida, Sept 17, 2011.
The festival is sponsored by the Cocoa Beach Surfrider Foundation and the Sierra Club Turtle Coast Group. It will be at the Cocoa Beach Courtyard by Marriott.
The Associated Press via the Sacramento Bee reported that “Exxon Mobil Corp. earned $10.7 billion … its highest quarterly profit since the third quarter of 2008…. However, Exxon officials noted that sluggish business investment, lower consumer spending and high debt would continue to weigh on the economy.”
Let’s do some math – Exxon earned $10.7 Billion this past quarter. Yet Exxon and other big oil companies receives $2 Billion to $3 Billion per year in tax subsidies. If divided equally, then Exxon would get $400 to $600 million per year, $100 to $150 Million per quarter. The subsidies amount to 0.93% to 1.4% of Exxon’s profits of $10.7 Billion this quarter, and 0.108% to 0.16$ of Exxon’s annual revenues of $370 Billion for the year ended 12/31/10 (Google Finance). This is equivalent to giving someone earning $50,000 per year a gift of $54 to $81.
A lot of people need help: American college students need help paying tuition, Americans on Medicare and Medicaid need help paying their medical bills, and Americans on Unemployment need help paying for food, people trying to design and build a renewable sustainable energy infrastructure. But we are helping oil companies.Why?
Let’s look again at the numbers. For the year ending Dec. 31, 2010, Exxon’s Gross Revenues were $383 Billion. Gross Profits were $107 Billion, and Income Before Taxes were $53 Billion. Profit was 27.9% of Gross Revenues. Income before Taxes was 13.8% of Gross Revenues.
| Exxon | 12/31/10 | |
| Total Revenues | $383 | B |
| Gross Profit | $107 | B |
| Income before Taxes | $53 | B |
| Gross Profit / Revenues | 27.94% | |
| Income BT / Revenues | 13.84% | |
| Period | Income | Nominal Tax |
| Year ending 12/31/2010 | $53 Billion | $18.55 B |
| Quarter ending 6/30/2011 | 10.7 Billion | $3.745 B |
And according to Valeri Vasquez, at the Center for American Progress, here, Exxon’s tax rate is 17.6%. The nominal corporate rate is 35%. With profits of $53 Billion last year, rather than receiving subsidies. Exxon should have paid $18.55 Billion in taxes last years. With profits of $10.7 Billion last quarter, Exxon should have paid $3.745 Billion.
