Maine Liberty Journal » Energy

Oil bourse inaugurated

Editor — Tue, 27 Oct 2009 14:48:38 +0000

Via Tehran Times (10/27/2009):

The Iranian Oil Bourse was inaugurated on Monday in the Persian Gulf island of Kish as a venue to export oil and petrochemical products.

National Petrochemical Company’s Managing Director Adel Nejad-Salim said in the opening ceremony that all petrochemical products will be gradually offered on the market, IRNA news agency reported.

The oil bourse is intended as an exchange market for petroleum, gas, and petrochemicals in various currencies, primarily the euro and Iranian rial, and a basket of other major currencies.

On February 4, 2008 the Iranian Cabinet approved the creation of the oil bourse in two stages – first for crude and second for oil byproducts transactions.

Iran, having the world’s second largest gas reserves and third largest oil reserves, is trying to play a more active role in oil and petrochemical transactions in international markets .

Wind farm review tonight in Lincoln

Editor — Mon, 17 Nov 2008 13:30:19 +0000

LINCOLN, Maine — The planning board begins its review tonight of a proposed $130 million wind farm that, if approved, would deposit about 40 mammoth windmills on Rollins Mountain in four towns.

First Wind of Massachusetts hopes to build 40 1½-megawatt windmills, each more than 300 feet tall, in Burlington, Lincoln, Lee and Winn, creating as much as 60 megawatts of electricity through Evergreen Wind Power, a First Wind subsidiary.

The board will begin its review at Mattanawcook Junior High School at 7 p.m.

Under the plan, Lincoln would have 19 or 20 turbines; Winn, three; Lee, seven; and Burlington, 12. Two turbine sites are listed as alternates. The company would install a 115,000-volt transmission line from Rollins Mountain to a Mattawamkeag connection to the New England grid.

War for energy?

Editor — Mon, 11 Aug 2008 14:43:43 +0000

Reading the latest on the Russia/Georgia conflict, I found an interesting tidbit. From AP via MyWay news:

Georgia said another hit Friday near the key Baku-Tbilisi-Ceyhan oil pipeline, which carries Caspian crude to the West. No supply interruptions have been reported and Russia denies targeting the pipeline.

Wikipedia page on the so-called BTC pipeline, including this picture.

Dems for “energy independence”?

Editor — Thu, 17 Jul 2008 15:27:49 +0000

Interesting video here about recent investments in solar technology, and how those investments may dry up should the Reid/Pelosi mafia refuse to reauthorize tax incentives for renewable energy investment.

Pelosi must go

Editor — Thu, 17 Jul 2008 13:34:03 +0000

San Fran Nan hold us all hostage to the demands of her radical neighbors who refuse to compromise on letting each state determine whether it wishes to permit off-shore drilling.

Of course, this is from the same gangster who is also blocking impeachment proceedings re: Bush and Cheney, and who continues to fund the escalation of genocide in Iraq/Afghanistan despite having been put in power in 2006 for precisely the opposite reasons.

Note to Cindy Sheehan: please retire Ms. Pelosi this November.

The rush to blame

Editor — Wed, 16 Jul 2008 12:49:11 +0000

It’s popular to blame “speculators” for the rise in crude oil prices. Before you do that, consider this. Anybody who has signed and paid for heating oil that won’t be delivered until some future date is a speculator. I realize my statement is not very profound. It just appears to me that the word “speculation” has been given a negative connotation lately by the media and some in Congress. I wonder if the regular people around town understand that speculation is beneficial, and something that most of us do on a regular basis.

Oh, and I wonder how many people yet understand that Fed monetary policy is chiefly to blame for rising prices across the board (except in your paycheck).

Cape Elizabeth Considering Wind Turbines

Editor — Tue, 15 Jul 2008 11:38:22 +0000

WCSH:

The town council is looking at two proposals that would allow wind turbines. The first proposal would allow smaller turbines for residential use; the second would restrict the turbines to only town owned properties.

Why does the “town council” have the authority to dictate how private property owners may use their land and provide for their own energy needs?

Inflation tax

Editor — Tue, 15 Jul 2008 11:28:58 +0000

As the dollar continues to depreciate, thanks to reckless policy by the Fed and government at all levels, you’ll likely be paying more for natural gas very soon.

No Plan For 4-Day Workweek For Maine State Government

Editor — Mon, 14 Jul 2008 13:36:10 +0000

WMTW:

Some state governments are making the move to a four-day workweek to save on energy costs, but Maine is not among them. Not yet, anyway.

Joy Leach, a spokeswoman for Maine Gov. John Baldacci, said the governor is reviewing options for a four-day workweek, but has not yet made a decision. She said Baldacci is awaiting the final recommendations of an emergency task force before making a conclusion.

This summer, Baldacci signed an executive order urging state employees to teleconference when possible and instructing managers to scrutinize travel requests.

Out of curiousity, before now, managers were not supposed to scrutinize travel requests?

Unholy alliance

Editor — Fri, 11 Jul 2008 15:31:44 +0000

Israeli warplanes practice in Iraq

In light of this, how could Bush and Congress possibly avoid culpability for aggression taken against Iran by Israel and any potential fallout in the energy markets?