Tuesday, October 14, 2008

Daily Sources 10/14

1. Clifford Kraus at the New York Times reports that wheat and corn prices have dropped 40% and aluminum, copper, and nickel have dropped by a third or more.
"Big increases in world wheat production because of increased acreage in the United States, Canada, Russia and much of Europe have brought wheat prices to less than $6 a bushel today from nearly $13 in March."
It is in that context that Dealbreaker reports that shortages are beginning to show up in the supermarkets in Iceland, where the stock exchange fell by 75% in a single day. Anecdotal evidence perhaps, but gives some more credence to John Greenwood's story published October 8 in the (Toronto) Financial Post that grain is piling up in ports because people cannot get letters of credit. Though they're both all about calories, energy security is one thing and food security another. A truly nominal crisis if Tony Gray's at Lloyd's List report is to be believed. That is that shippers are receiving calls from their bankers asking if they would redeem their loans and offering 25-30% discounts. This would be due to a "liquidity at any cost" policy at some banks. The Baltic Dry Index gives you a sense of how much demand there is for shipping, more or less:



2. Xinhua reports that the decline in the oil price has forced the Nigerian Administration to delay the presentation of a 2009 budget to the National Assembly. The budget originally had a projected oil price for 2009 of $62.50/b, which now seems iffy. There are budgets likely to be hit worse assuming overly optimistic price scenarios--ie, Iran and Venezuela. Given ambitious financial restructuring by both Chavez and Ahmadinejad we might see some local political fireworks over it in both countries going forward. That said, just now I do not think that oil is likely to remain below $70/b for a very long time. I doubt it would for longer than 6 months, but that may be enough given upcoming Iranian elections to put in a less revanchist President there.

3. AKI reports that New Delhi is starting its new nuclear program with plans for 21 new nuclear power plants.
These include the setting up of six French reactors of 1,600 MW, four Russian reactors of 1,000 MW and four American reactors of 1,500 MW within the next five years.
Apart from the 10 LWRs envisaged under the Indo-US nuclear cooperation deal, the Nuclear Power Corporation of India, Ltd (NPCL) is also planning to set up eight reactors of 700 MW, three fast breeder reactors and one advanced heavy water reactor of 300 MW.
4. Swissinfo reports that scientists predict that nuclear fusion will be a practical reality within 30 years.\

5. Anna Shiryaevskaya at Platts reports that Moscow has decided to give $9 billion in aid to Rosneft, Lukoil, TNK-BP, and Gazprom.

6. Charles Lee at Platts reports that the Korea National Oil Company has failed to find private South Korean corporate partners in its $2.1 million oil-for-infrastructure deal with Iraq. I believe it is fairly unusual for major Korean corporations to buck the goals of Seoul. However,
"Indications to this effect came from the country's energy ministry as a group of South Korean construction firms Monday decided to withdraw from a separate $10.8 billion project to provide infrastructure in Iraq in return for stakes in oil fields in the Kurdistan region due to a funding squeeze."


7. Lucian Kim and Tony Hopfinger at Bloomberg report that Gazprom sent eight senior executives to Anchorage to discuss possible partnerships in gas projects in that state with Alaska's Department of Natural Resources and ConocoPhilip's CEO Jim Mulva. C'mon, you gotta admit that's kinda funny. Putin rears his head and ... sees an investment opportunity ... Palin authorizes F-18s to take off and investigate this rearing.

8. Salman Abduhoo at Islamabad's The Nation reports that 1,200 MWe of power have been shut down in Pakistan following the suspension of gas imports feeding several thermal plants in and around Lahore. This would be in addition to the 4,000 MWe shortfall Pakistanis have seen as a result of the crisis. The 4,000 MWe original shortfall comes as a result of winter reducing the basic hydropower potential in the country. Natural gas imports are used to fill the shortfall.

9. Market Wire ran the story that CNPC is nearing the completion of the refinery expansion project in Fujian province backed by the provincial government, Sinopec, Saudi Aramco, and ExxonMobil. The project expanded the existing refinery's capacity from 80 kb/d to 240 kb/d and included sophisticated upgrading units to run Saudi heavy (and sour) crudes. The project includes an ethylene cracker (for plastics) and the deal allowed for participation in retail in the province.

1 comment:

SOLOMON SAMI AZAR said...

I have solved the energy crisis-lightning fusion

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Here is a thought experiment with Einstein in mind- you are a water molecule-and you live in a lightning bolt- i propose electromagnetic fusion to end the energy crisis....

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Pretend you are water-you are an oxygen atom- you are stable- you are noble- 8 protons-8 neutrons-and 8 electrons- there are only 5 magic shell nuclear elements of the periodic table- oxygen is one of them- it is very stable-

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Therefore- you are stable and noble- now you are this noble one and you have outstretched in your hands a hydrogen atom and or its isotope deuteron and you hold it out to mankind as a gift- a water molecule

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Man understands the gift of fusion for many years and is desperately trying to do such-

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I propose electromagnetic fusion with heavy water to end the energy crisis- I propose the BENNET pinch used in poloidal currents used in plasmas of tokomaks since the 50's- but much further-

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Here we go – the thought experiment- you are this oxygen atom with two hydrogen's and you stand amongst your friends similar in nature. You are placed in a large vessel filled of your kind-now imagine that two walls opposing in this vessel are the plates of a capacitor- who cares what is applied to the capacitor plates (electrodes of system)-for all you know as a noble oxygen and the hydrogen you have in your hands is nothing more than the electric field upon the plates-

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You are composed of charged particles- thus you will interact with the applied electric field of the plates-this is common electronics and electric knowledge-

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However, I speak of dielectric breakdown- I speak of the lightning bolt- let us now assume we have made the capacitor plates oscillate at 1 million volts peak to peak as way of a tesla coil

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Think of the electric field- everything will be controlled by this field- a dielectric breakdown will occur- and all discharge current will begin to flow and oscillate as a function of the applied voltage-

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Now- you are in the heart of a lightning bolt- you who are noble as a oxygen probably lost all your valence electrons due to the magnitude of such a high electric field- every charged particle in transit of the discharge current is surely ionized and talks of being a complete water molecule should be erased- the state of this plasma current is nothing more than ionized hydrogen and oxygen and a complete sea of electrons-

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Let us think first of the electrons- 1896 times smaller than protons- no question it will oscillate much faster as a function to the applied voltage- remember the cathode ray scope- basic physics also will say this charged particle will also have a magnetic field about itself because of the electric field that has driven it-thus- this oscillating electron current will have an intrinsic magnetic field

Let us now think of the protons- oxygen has 8 and surrounded by 8 neutrons and is far less likely for reaction than isotopes of hydrogen for fusion- this should merely be understood by refereeing to atomic tables of elements and known theory- but this hydrogen is a singly bound proton with mass one- unless we speak of a deuteron- it will also be controlled exactly the same way as the electron is affected by the external applied voltage- however- it is opposite to the electrons motion-and much slower by its mass – however-its magnetic field will add to that of the electrons- this is standard knowledge of magnetic field generation of charged particles by way of electric fields-

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Thus, in this thought experiment- within this state of dielectric breakdown- I like to say the lightning bolt- can you now see the oscillation of the charged particles by such a large magnitude of the applied voltage plates- can you now see the probability at a certain moment in time- particularly when the applied ac signal is greatest- that all magnetic fields of charged particles in transit can have the power to be magnetically pinched-

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Magnetics have push and pull- it is well known that high frequency causes a constriction upon electrical currents- whether in copper lines and forcing such to the surface- or in plasma and made use to constrict it - high frequency is known to constrict the currents- thus- do you see the forces I am referring to as this dielectric breakdown has occurred upon the most perfect fuel of the heavens- water- this oxygen atom holds the hydrogen for us- we shall apply a high voltage(high is relative- I have stated 750kv in the vicinity of the hydrogen for fusion- I come to this by way of understanding the beta decay of a free neutron- if it can disintegrate- it can come together- made into a deuteron- then made into helium)-

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Thus –we make helium and oxygen is then unbound and must also be recaptured- this is easy in expansion tanks- the byproducts are helium and oxygen-truly noble-

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To increase the q of this system- a simple toroidal magnet as used in tokamaks for plasma control may be used for additional pinching-

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I hope this helps- however- you must always think of the applied electric field and its magnetic inducement upon the charged particles- we will stably run the tesla coil upon the dielectric of water itself(more appropriately heavy water) and turn up the voltage for greater acceleration speeds and thus magnetic fields- we can control pressure in this vessel- we can control electrode spacing and so much more-

that is my thought experiment for you to understand it is my intention to use all input energy by way of oscillating a very large electric field which will induce the proper magnetic flux density in units of Tesla for a pinching- not established hot fusion whereby all energy input is chaotic and the probability of fusion comes by way of statistics from a gas equation- no- high voltage and high frequency in an orderly manner by the construction of a man made lightning bolt with controllable parameters inside an existing pressurized nuclear reactor- everything is off the shelf- the world will run on steam power again globally-from trains-factories-ships-and all power plants- i offer the Watt steam engine again- not with two sticks to make fire and boil the water- but electromagnetic fusion with two electrodes to induce fusion of hydrogen isotopes to boil water and make steam- it is absolutely perfect.

To the CEO's of nuclear power plants-or pressurized coal fired- you have spare reactors in the back yards of your plants- take a 1 million volt Tesla coil and do what I have said- you will measure its fusion reactions and you will say to yourself-- This is the road to safe clean energy.