Department Of Energy

Guest Post: Why We Need A 3rd Party In 2012

I’m sorry to be the bearer of bad news. There are no easy solutions. There are only painful, more painful, and really really painful solutions. Both mainstream corrupted political parties have had the chance to put the country back on a prudent fiscal path. They have both failed miserably. One party will spend the country into oblivion and the other country will try to democratize the world with their military machine. There are no fresh ideas from either party. There are the same old stale ideas and rhetoric. - Jim Quinn

Reuters Special Report: Should BP Nuke Its Leaking Well?

His face wracked by age and his voice rasping after decades of chain-smoking coarse tobacco, the former long-time Russian Minister of nuclear energy and veteran Soviet physicist Viktor Mikhailov knows just how to fix BP's oil leak in the Gulf of Mexico.

"A nuclear explosion over the leak," he says nonchalantly puffing a cigarette as he sits in a conference room at the Institute of Strategic Stability, where he is a director. "I don't know what BP is waiting for, they are wasting their time. Only about 10 kilotons of nuclear explosion capacity and the problem is solved."

US Military Warns Of Oil Shortages By 2015 With Significant Economic And Political Impact, Especially On Weak Countries, India And China

A report issued by the US Joint Forces Command has a rather bleak view on US oil production, and on peak oil in general. In a foreword to the report issued by General James Mattis, he warns that "By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day." Does this mean that oil, just like in the Bush administration, is about to become a "strategic interest", which coupled with the upcoming discoveries of non-existent weapons of mass destruction, would result in some additional geopoltical tensions particularly in the middle east? With nuclear tensions between Iran and Israel already at boiling hot levels, will Uncle Sam decide to make landfall in the Persian Gulg once again? More from the General: "While it is difficult to predict precisely what economic, political, and strategic effects such a shortfall might produce, it surely would reduce the prospects for growth in both the developing and developed worlds. Such an economic slowdown would exacerbate other unresolved tensions, push fragile and failing states further down the path toward collapse, and perhaps have serious economic impact on both China and India." Well, Mr. Chanos, there's your catalyst. We just hope that the negative carry of a five year short position is palatable to your LPs.

madhedgefundtrader's picture

It’s really all about a few big car companies pandering to growing numbers of “green” consumers. The low hanging fruit for investors in the fuel efficiency race can be found by pushing forward existing, simpler, and cheaper technologies. A look at European “stop/start” technology. (XIDE), (JCI)

madhedgefundtrader's picture

Not for a while. The bad news is that a truly economic, price competitive lithium battery is still some ways off. The problem with exploding batteries. The Department of Energy is pouring money into lithium research on an amazingly wide front. The car companies aren’t buying it, and are sticking with proven nickel metal hydride batteries. Unlike past battery car movements, this one is not going to end up crushed in a junkyard. (SQM), (ENS), (XIDE), (CHP), (ZBB).

Leo Kolivakis's picture

Risks Rising at the PBGC?

The Pension Benefit Guaranty Corporation on Friday said its potential exposure to future pension losses had increased to about $168 billion in fiscal 2009. The PBGC's ongoing deficits will require another massive bailout down the road. That's why Uncle Ben will let this bubble blow for as long as he possibly can.

You Suck At Central Planning

It will surprise no one, we expect, to learn that we considered the notion that Chrysler or GM would somehow remake themselves into "green automakers" overnight (in the auto business this translates to "several decades") the insane ramblings of redistribution-rationalists.

As Cash For Clunkers Trades Pile-Up at the Junk Yards, Meet "Cash For Appliances." You Asked For It? You Got It. Toyota!

When I wrote about the obvious "win-win situation" that was Cash for Clunkers this past summer, amid the fact that right now cars are back-logged, piled-up, unable to get recycled in an efficient, timely manner- South Carolina is offering $3.9 million, their share of some $300 million in federal stimulus funds from the American Recovery and Reinvestment Act being distributed as appliance rebates. Meet... "Cash for Appliances."