Texas Republican Governor Greg Abbott says…

“This shows how the Green New Deal would be a deadly deal for the United States of America. Our wind and our solar got shut down, and they were collectively more than 10 percent of our power grid, and that thrust Texas into a situation where it was lacking power on a statewide basis. It just shows that fossil fuel is necessary.”

Texas Republican Governor Greg Abbott says stupid shit.

The chart below, from the United States Energy Information Administration, shows that in Texas, Natural Gas-Fired electricity generation is BY FAR – by at least TWICE – the SINGLE LARGEST SOURCE of electrical power in Texas.

It is NOT Nonhydroelectric Renewables, which supplies only 8679 thousand MWh while Natural Gas which supplies 19,890 thousand MWh.

Yeah.

But wind turbines are the problem – according to Governor Abbott and other nuts.

What kind of ding-dong dumbass is Greg Abbott?

Governor Abbott had an embarrassing and unannounced public case of verbal diarrhea on The Blame Game show on Tuesday’s edition of Faux Newz with Right Wing Nut Job Extremist Sean Hannity as the talking head show.

But, let’s be fair about this, shall we?

It happened on YOUR watch, Governor Greggy-poo. Therefore, it’s YOUR fault.

It’s YOUR FAULT
because
YOU DID NOTHING
TO
PREVENT IT FROM HAPPENING.

Simply put, you did NOT look out for the welfare of your state’s citizens.

You FAILED.

In a series of Tweets, Dan Crenshaw, Texas Republican U.S. Representative for CD2-Houston stated what many agreed is the problem – there’s no insulation in natural gas pipelines in Texas. Thus, they were freezing up, and creating problems.

“Low Supply of Natural Gas: ERCOT planned on

Deregulation Has Caused Texas’ Energy Problems

Texas Electrical Energy Deregulation map
The Texas and Dallas deregulated energy service areas are divided into six Transmission and Delivery Utility (TDU) Companies. Those TDUs are:
• Texas New Mexico Power Company (TNMP)
• Sharyland Utilites
• AEP North (American Electric Power)
• AEP Central
• Oncor (most of DFW, Dallas-Fort Worth included)
• CenterPoint (Houston and surrounding areas)

While it’s cold – and yes, it’s a Polar Vortex (see the motion gif showing 2 months of daily changes at the bottom of this page) – it’s NOT like the Polar Vortex of February 2019.

But if you’ve been wondering WHY Texas is having problems delivering electricity right now with a relatively minor cold snap moving through much of the United States, and other states aren’t, wonder no more.

Texas has a DEREGULATED energy/electrical power grid.

Texas, which is the nation’s the largest energy producer and consumer, is the only state in the nation to have and use its own power grid.

There are three electrical power grids in the Lower 48 states:
1.) The Eastern Interconnection;
2.) The Western Interconnection, and;
3.) The Texas Interconnection.

For more information, see:
U.S. electric system is made up of interconnections and balancing authorities
https://www.eia.gov/todayinenergy/detail.php?id=27152;
See also:
Learn More About Interconnections
https://www.energy.gov/oe/services/electricity-policy-coordination-and-implementation/transmission-planning/recovery-act-0.

Texas’ electrical power grid is called ERCOT, which is

Report: Renewable Energy Cheaper

Read the original report here:
https://carbontracker.org/reports/handbrake-turn/

Nearly $640 billion coal investments undercut by cheap renewables: research

by Nina Chestney

LONDON (Reuters) – Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by think tank Carbon Tracker Initiative showed on Thursday.

FILE PHOTO: Smoke billows out of the towers of the coal-powered Kosovo Power Plant A in Obilic, near Pristina December 5, 2013. REUTERS/Hazir Reka/File Photo

Institutional investors are increasingly withdrawing from fossil fuel companies due to the risk their assets will become stranded as tougher emissions-cuts targets discourage their use and renewable energy becomes even cheaper.

The report examined the economics of 95% of coal plants which are operating, under construction or planned worldwide.
Globally, 499 gigawatts (GW) of new coal power capacity is planned or under construction with an investment cost of $638 billion.

More than 60% of global coal plants are currently generating electricity at a higher cost than could be produced by building new renewables.

By 2030 at the latest, it will be cheaper to build new wind or solar capacity than continue operating coal in all markets, the report said.

The capital recovery period for new investments in coal capacity is usually 15 to 20 years, making these investments risky.

“Renewables are out-competing coal

Feds Investigate Giuliani

“Oh! What a tangled web we weave,
When first we practice to deceive!”

– from the play “Marmion,” Canto VI Stanza 17, by Sir Walter Scott (1771-1832), Scottish author & novelist

Rudy Giuliani (RIGHT) at the James J. Fox cigar bar in London, with Lev Parnas (lower LEFT) and, Igor Fruman (speaking on the phone), and a third, unnamed associate. (Obtained by ProPublica)

Yesterday, Friday, 15 November 2019, the Wall Street Journal reported around noon Eastern Time, that Federal prosecutors in Manhattan were investigating whether Rudy Giuliani – a former Federal Prosecutor who is Trump’s personal lawyer – stood to profit personally from a Liquefied Natural Gas (LNG) venture in Ukraine, which has been linked to corrupt oligarchs, and other corrupt officials, some of whom may have been, or may be yet, associated with the Ukrainian government – including two Naturalized American Citizens, Lev Parnas, and Igor Fruman.

Lev Parnas was born in Ukraine to Jewish parents who emigrated with him to the United States when he was aged three, while Igor Fruman was born in Belarus to Jewish parents, and later moved to Detroit.

Federal authorities arrested the two men October 9, 2019 at Dulles International Airport outside of Washington, D.C. as they both sought to leave the United States with one-way flight tickets on Lufthansa Airlines flight to Frankfurt, and charged them with illegally contributing to Trump’s election campaign. Deeming them flight risks, a Federal Judge in Northern Virginia set bail at $1 million each, and the pair are still in custody.

Lev Parnas (left) and Igor Fruman are shown after their arrest on Oct. 9 at Dulles International Airport, outside Washington, D.C.

The Federal indictment said Parnas acted “at least in part, at the request of one or more Ukrainian government officials,” and though none were named, it was well known that U.S. Ambassador to Ukraine Marie Yovanovitch’s primary critic in the Ukrainian government was Yuriy Lutsenko, who at the time was the Ukraine’s Prosecutor General and well-known to use the law as a weapon for his own personal political fights.

Federal Prosecutors indicted two other men, David Correia and Andrey Kukushkin, along with Parnas and Fruman, and accused them of funneling money to state and federal candidates in exchange for potential influence, noting that the four men wanted to set up recreational marijuana businesses in Nevada and other states, and sought political help to obtain the necessary licenses.

NPR reported 23 October 2019 that, “a company called Global Energy Producers (GEP) gave $325,000 to America First Action, the superPAC supporting Trump.” GEP is a shell company created by Parnas and Fruman.

According to Trevor Potter, a Republican former Commissioner and Chairman of the Federal Election Commission (FEC), General Counsel to the now-late Arizona U.S. Senator John McCain in his 2000, and 2008 presidential campaigns, who is now an investigator and founder of Campaign Legal Center (CLC), a non-partisan, non-profit legal advocacy group which monitors money and political campaigns, CLC found that the campaign contribution came from GEP which appeared to be a shell company, and as he described, was “a blank slate.”

As Potter recalled, “The company hadn’t existed. It had been formed literally a couple weeks before the contribution. It had no website, no history of political activity, so you’re thinking this is most likely a company created to make this contribution. You have to disclose on the FEC reports the true source of the money, who the contributor actually is.”

Establishing a shell company to donate political contributions is an illegal act under Federal law.

As CLC further investigated, they found that GEP – through Parnas and Fruman – had donated to then-Representative Pete Sessions, a Republican who represented Texas’ 32nd Congressional District. Sessions was defeated by Colin Allred, his Democratic challenger in the November 2018 election.

In his official capacity, then-Representative Sessions, who was Chairman of the House Rules Committee, wrote a letter in 2018 to Secretary of State Mike Pompeo stating that U.S. Ambassador to Ukraine Marie Yovanovitch should be fired, and accused her of expressing “disdain” for the President and administration.

In July 2018, CLC notified the FEC of possible campaign finance violations by Parnas and Fruman.

Interestingly, in a totally separate, and seemingly unrelated turn of events, Dale W. Perry, the American owner of a large energy company doing business in Ukraine, first got wind of Parnas and Fruman after they’d met with one of his former business partners in March 2019, and described an unusual plan.

Perry characterized Parnas and Fruman’s scheme saying, “What was so troubling was, it was basically the presentation of the intent to take the gas sector back to where it was during the Yanukovych regime.”

Viktor Yanukovych is the former Ukrainian President, who, as Perry said, was “a heck of a lot more corrupt,” was friendly with Russian president Vladimir Putin, in office 2010-2014, was removed from office by the Ukrainian parliament February 2014, went into self-imposed exile in southern Russia that same month, and in January 2019 was tried and convicted in absentia of treason by Ukrainian court after it was discovered he had written a letter to Putin March 1, 2014 asking him to use Russian army and police forces to restore order in Ukraine, which in turn, led to the Russian invasion of Crimea. He has been in exile since 2014.

Petro Poroshenko, considered a Ukrainian oligarch, succeeded Yanukovych, who in turn was defeated May 2019 by Volodymyr Zelenskiy, who campaigned on an anti-corruption platform, and won with 73.22% of votes cast.

In May, as part of the celebration and acknowledgement of Zelenskiy’s election victory, Secretary of Energy Rick Perry traveled to Kiev, Ukraine to serve as the senior U.S. government representative at his inauguration. While there, in a private meeting with Zelenskiy, Perry pressed him to fire members of the Naftogaz advisory board. Those in attendance left with the impression that Perry wanted to replace the American representative, Amos Hochstein, a former Diplomat and Energy Representative who served in the Obama administration, with someone “reputable in Republican circles.”

Rick Perry, Secretary, U.S. Department of Energy – official portrait

During that same trip, a second meeting occurred at a Kyiv hotel, which included Ukrainian government officials and energy sector business individuals. At that meeting, Secretary Perry was explicitly clear that Trump wanted to

Google Announces $600,000,000 Data Center Investment in Jackson County, Alabama

This is THE biggest news for Alabama since development of NASA at Marshall Space Flight Center in Huntsville!

JACKPOT!
Google Announces $600,000,000 data center investment in Jackson County, AL
https://www.google.com/about/datacenters/inside/locations/jackson-county/

100% powered by Renewable Energy
http://googleblog.blogspot.com/2015/06/a-power-plant-for-internet-our-newest.html

A power plant for the Internet: our newest data center in Alabama

Posted: Wednesday, June 24, 2015

Every time you check your Gmail, search on Google for a nearby restaurant, or watch a YouTube video, a server whirs to life in one of our data centers. Data centers are the engines of the Internet, bringing the power of the web to millions of people around the world. And as millions more people come online, our data centers are growing, too.

We’ve recently expanded our data centers in Iowa, Georgia, Singapore and Belgium. And today we’re announcing a new data center in Alabama—our 14th site globally.

This time, we’re doing something we’ve never done before: we’ll be building on the grounds of the Widows Creek coal power plant in Jackson County, which has been scheduled for shutdown. Data centers need a lot of infrastructure to run 24/7, and there’s a lot of potential in redeveloping large industrial sites like former coal power plants. Decades of investment shouldn’t go to waste just because a site has closed; we can repurpose existing electric and other infrastructure to make sure our data centers are reliably serving our users around the world.

TVA Widow’s Creek fossil plant will be the site for Google’s 14th, and newest Data Center, and represents a $600,000,000 investment in Alabama.

At Widows Creek, we can use the plants’ many electric transmission lines to bring in lots of renewable energy to power our new data center. Thanks to an arrangement with Tennessee Valley Authority, our electric utility, we’ll be able to scout new renewable energy projects and work with TVA to bring the power onto their electrical grid. Ultimately, this contributes to our goal of being powered by 100% renewable energy.

In 2010, we were one of the first companies outside of the utility industry to

Alabama Solar Energy Farm Announced

TVA Announces 80 MegaWatt Solar Farm in Lauderdale County Alabama

At their quarterly board meeting, the Board of Directors for the Tennessee Valley Authority moved Thursday, February 12, 2015, to adopt resolutions which would allow TVA President and CEO Bill Johnson to:

• Establish a 20-year Power Purchase Agreement (PPA) with NextEra for electricity from its planned 80MW solar farm in Lauderdale County, AL. The installation would be significantly larger than any existing solar facility in the Tennessee Valley.

and

• Acquire for $340 Million Quantum Utility Generation’s Choctaw combined cycle Natural Gas (NatGas) plant near Ackerman, MS. TVA has been buying power from the 760MW plant since 2008. This would be TVA’s sixth combined cycle plant, with two more under construction, all since 2007.

Confidential terms of the agreements were not released.

Concerning the NatGas plant, Mr. Johnson said, “We can purchase the gas plant for substantially less than it would cost to build one, and the solar power is at a price competitive with other energy sources.”

The board unanimously approved the purchase of Quantum Utility Generation’s 760MW Choctaw combined-cycle power plant near Ackerman, MS, for about $340mn, or $447/kW, half the cost to build a new gas plant, according TVA Chief Operating Officer Charles Pardee.

TVA has bought most of the output of the Choctaw gas plant since 2008. If the deal closes, Choctaw will be the sixth combined-cycle gas plant TVA has purchased or built since 2007. Two more combined cycle plants are under construction.

Since 2007, TVA has built or bought

Gone With The Wind: How Alabama’s State Legislature Blew Away $200 Million Of Industrial Development And Jobs

By his refusal to act, Alabama Republican Governor Robert Bentley allowed legislation to pass which PROHIBITED TWO Out-of-State Businesses from Investing, Conducting Business Operations, and Hiring in Alabama.
Total Cost Loss To Alabama = $200+ Million

Governor Bentley Refused To Reign In Unfounded Fear Mongering By GOP Dominated Legislature

Fueled by unfounded, unscientific constituency fears, Legislators in Alabama’s state Senate and House of Representatives recently authored restrictive regulatory legislation which made it impossible for a Texas-based business to expand operations in Alabama. Not counting the jobs and salaries lost, the investment cost of the loss to Alabama exceeds $200 Million.

Specifically, Pioneer Green Energy, 802 Lavaca St, Austin, TX 78701, (512) 351-3363, planned to spend over $200 Million to build two facilities in Cherokee and Etowah counties to generate electricity, and hire local people to operate and maintain the facilities.

In comparison, Remington Arms – the firearms manufacturer which recently announced relocation to Huntsville, Alabama – will be spending $110 Million, with $38 Million in tax incentives provided by the state.

Pioneer was set to construct 30-45 wind-driven turbines (electricity-generating windmills) in Etowah county at a cost of $160 Million in their NoccalulaWind project. In nearby Cherokee county, they were set to construct 7-8 such windmills, at a cost of $40 Million in their ShinboneWind project.

A series of bills which originated in Alabama’s state Senate, and House of Representatives was effectively, the death knell for the projects.

State Senator Phil Williams, a Republican in Alabama’s 10th Senate District, speaks from the Floor of Alabama State Senate. He authored SB 402 & SB 403, prohibitive regulatory legislation which hamstrung $200 Million in Industrial Development and Jobs.

As reported by Conservation Alabama, April 10, 2014, in a column entitled “2014 Legislative Session recap,“ “Two local bills opposed by Conservation Alabama did pass. Senate Bills 402 and 403 requiring strict regulations for wind energy conversion systems in Etowah and Cherokee counties passed, eliminating any real chance of wind energy in those two counties. After these local bills passed it was thought that Senate Bill 12, a statewide bill to regulate wind energy conversion systems, would make it through with language that superseded the two local bills and included more reasonable and agreed upon language between the two sides. However, proponents of the bill could not get on the same page. Last minute changes to the bill created additional controversy, and the bill ultimately failed to pass in the House and consequently the two local bills will become law.”

Alabama state Senate Bills 402 and 403  were authored and sponsored by Senator Phil Williams, a Republican whom represents Alabama’s 10th Senate District, which includes Etowah and Cherokee counties. By profession, Senator Williams is a lawyer, and in part, he wrote this about himself on his legislative profile/biography webpage: “Phil Williams is the managing member of Williams & Associates, LLC, a law firm based in Gadsden, AL.” His campaign website states this, “His legal focus is largely in the areas of insurance, municipal and corporate defense.” (SB402 may be found online here -or downloaded from this site AL SB402-int– & SB 403 may be found online here  -or downloaded from this site AL SB403-int-)

Here’s Part One of the Grand Hypocrisy. The Alabama GOP website states this about Senator Williams: “One of the most promising freshman Senators in Montgomery is Phil Williams of Rainbow City. He is the proud sponsor of the Alabama Jobs Creation and Retention Act, which provides tax incentives to new or existing businesses that engage in industrial projects. Sen. Williams said, “This Act will help make Alabama a center of gravity for new and existing business growth, and is another example of our Republican-led senate following through on our campaign promises.””

Why would a State Senator whom sponsored the “Alabama Jobs Creation and Retention Act” author legislation that FORBADE the creation of jobs?

Alabama State Senator Phil Williams (R), in green tie & suit, authored regulatory legislation which lost $200 Million Industrial Development in Alabama, and cost jobs.

According to an article in The Alabama Reporter written by Brandon Moseley, published 07 June 2013, Senator Williams, who hails from Rainbow City, is seeking a second term in office, and made this remark about his candidacy: “It has been a great honor to serve the people of Senate District 10 these past few years. We have accomplished so much of what the people in our communities said they wanted, and my intent is to continue the fight for conservative values and finish what we’ve started.”

Readers may recall that Etowah county is home to disgraced former Alabama Supreme Court Chief Justice Roy Moore – sometimes popularly known as “The Ten Commandments Judge” – who was removed from office following a hearing November 12, 2003 by a unanimous vote of the Alabama Court of the Judiciary. Since then, he campaigned for the same office – State Supreme Court Chief Justice – and was elected November 6, 2012.

It certainly seem that folks in Alabama Politics – that’d be the GOP/Republicans – are largely backwards, hypocritical, narrow minded fear mongers who appeal to their equally “largely poor, uneducated, and easy to command” constituency.

Because while on one hand, they decry “regulation” and “excessive” regulation which they claim constrains business, and free enterprise – and therefore jobs – in the state, they simultaneously enact the very legislation they decry.

It’s called HYPOCRISY. And to be certain, it’s simply defined as “the practice of claiming to have moral standards or beliefs to which one’s own behavior does not conform; pretense.”

This is a HUGE case in point, that an out-of-state business was prepared to construct and expand business operations in Alabama – from the ground, up. Had leased land, obtained easements, and every other necessary preliminary item to conduct business operations… including hiring professional services in Alabama to prepare for business operations.

BUT!

Wouldn’t you know it? The GOP-dominated Alabama State Legislature (House & Senate) enacted legislation, which passed without Governor Bentley’s signature, which PROHIBITED the businesses from even getting the first bulldozer out to clear land. Seriously.

Think I’m joking, exaggerating, or kidding?

Read on.

Oh… and be sure to thank them in November.

—-

Alabama regs too strict for turbines, says lawyer for wind energy developer

By William Thornton, wthornton@al.com
Twitter: WThorn7
on August 20, 2014 at 11:16 AM, updated August 20, 2014 at 12:03 PM

GADSDEN, Alabama — The lawyer for a Texas-based company abandoning plans for two windmill farms in northeast Alabama said today that recently approved state regulations on wind energy led to the decision.

Charlie Stewart, attorney for Pioneer Green Energy, said the company no longer has plans to develop two wind energy farms in Cherokee and Etowah counties. Groups opposing the development announced yesterday they had received word Pioneer Green was relinquishing land leases for the projects.

Pioneer Green Energy announced last year it planned to develop wind energy projects in the two counties, and said land leases had already been secured. Five Cherokee County residents filed suit in an attempt to stop the development, and a group of Etowah County residents also filed suit.

Pioneer Green planned a $40 million project with seven to eight turbines in Cherokee County. The larger Etowah County project would have had 30 to 45 turbines costing $160 million.

Stewart said the company was ready to begin construction when the lawsuits were filed, and the legislation passed earlier this year, which established setback and noise standards.

That bill required the state’s Public Safety Commission to oversee wind farms, mandated that noise from the turbines not exceed an average of 50 decibels, and laid out a setback of five times the height of the tower from the base to the nearest property line. Last year, a company official said the legislation was too restrictive by making the property line the threshold and not the nearest residence or structure.

Stewart said much of the opposition was fueled by “hysteria.”

“The bill was basically

No More Alcohol in Gasoline?

Recently, I received an email message from a friend, one who is highly intelligent, and who has a phenomenal diversity of life experiences. The item had a video to a Faux News video segment, which is included in this post, at the conclusion.

My response to the half-truthed item follows.

Here’s hoping you and others find it informative, and helpful.
—
While I have neither been the type to proclaim THE SKY IS FALLING! THE SKY IS FALLING! nor believe there is conspiracy against me, nor the paranoid type that imagines “the government” is out to get me (and therefore neither view nor read Fox News), I do think there is some credence to the item. (Of course, a “Snopes check” shows a mix of half-truths. But, if it ain’t all true, it ain’t true – kinda’ like the gas, you know.) More details on that follow.

In a story published published Saturday, February 1st, 2014, the Chattanooga Times-Free Press wrote how some motorists in that area are preferring 100% pure gasoline over the 10% Ethanol blend. (I happened to read that story at the time it was published.)
http://www.timesfreepress.com/news/2014/feb/01/some-motorists-want-their-gasoline-corn-free/

While residing there, I also noticed the same, and noticed that the price for 100% pure gasoline is higher than for the 10% ethanol blend. One day, while pumping the 100% gasoline at a Chattanooga gas station, I happened to speak with a gent at the adjacent pump about the difference. He shared an observation with me which I thought quite interesting, and one which certainly seemed reasonable.

He said that in an “accidental” experiment, he purchased some 10% ethanol blended gasoline for use in his lawn mower. He then poured some of the 10% ethanol blended gas into a glass jar, and let it set out at least overnight (or a bit longer). He observed that it had become cloudy from the accumulation of humidity.

While I’ve never tried such an experiment, I do note that many years ago, on occasion, I would run my little carbureted Toyota’s gas tank empty, and would then fill it up with 1 gallon each of Methanol, 100LL, Toluene, Xylene and Methyl Ethyl Ketone. I did so for at least two reasons: 1.) to get any water in the fuel tank & system out, and; 2.) to “clean out” any deposits that may have formed in the fuel system.

Of course, Gasoline and Water are different for several reasons, not the least of which is that

BIG OIL’s Corrupting Influence in American Politics: Propping up Corrupt Regimes to Prop Up Profits

Report

Slick Moves

The SEC could help tackle corruption in resource-rich countries around the world — but the oil industry is getting in the way.

• BY Zorka Milin , Barnaby Pace
• MARCH 7, 2014

Angola, Africa’s second-largest oil producer, is regarded as one of the most corrupt countries in the world. And American oil lobbyists are only making the situation worse: They are exploiting Angola by seeking to delay and weaken the implementation of a crucial U.S. transparency law.

That law, Section 1504 of the Dodd-Frank Act, also known as the Cardin-Lugar amendment, promises a breakthrough in preventing dirty deals and illicit payments being made for natural resources around the world, similar to the shady transaction recently uncovered by Foreign Policy. If implemented fully, the law would make U.S. oil and mining companies disclose the payments they make to governments across the world, including in Angola. However, oil lobbyists have been making misguided arguments that laws in Angola and three other countries prevent the required disclosures.

Off Shore Oil Drilling Rig – MARTIN BUREAU/AFP/Getty Images

Angolan officials secretly profiting from the country’s oil riches is not a surprise. It is only the latest episode in a sad history that goes back for decades. Global Witness, where we work, began exposing the complicity of the international oil and banking industries in the plundering of state assets during Angola’s 40-year civil war in our 1999 report A Crude Awakening. This was followed by our 2002 report All the Presidents’ Men, which called on the oil companies operating in Angola to “Publish What You Pay” (PWYP). Under this rallying call, Global Witness co-launched the PWYP campaign, which is now an international coalition of more than 790 civil society organizations in over 60 countries, including Angola, advocating for transparency laws such as Section 1504.

These efforts are intended to prevent scandals similar to the Trafigura deal covered in Foreign Policy, which provide a glimpse of the endemic corruption in Angola‘s oil industry. Only a few days before Foreign Policy published its story, media reports about leaked documents relating to other corruption claims caused the share price of SBM Offshore, a Dutch oil services company operating in Angola, to plummet 17.9 percent when markets opened. SBM released a statement challenging the validity of the leaked documents, saying that they are partial, taken out of context, contain outdated information, and are not representative of the facts. SBM had also already disclosed to its investors that it was conducting an internal investigation into questionable payments in Angola. However, the dramatic stock drop suggests that SBM investors had not anticipated the scale of the corruption risk exposure.

Another oil services company active in Angola, Weatherford International, which is listed on the New York Stock Exchange and headquartered in Switzerland, has recently pleaded guilty to violations of the U.S. Foreign Corrupt Practices Act (FCPA), including bribery of the executives of Sonangol, Angola’s state oil company. It has agreed to pay fines of $253 million to settle the case, one of the largest FCPA settlements ever.

These cases illustrate the urgent need for transparency in Angola’s oil sector. The successful implementation of

Federal Reserve’s “Beige Book” shows improving economy

The Federal Reserve regularly publishes a summary of economic activity in the 12 Federal Reserve Districts in the United States.

It is important to note that “This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials.”

Much, if not most of the news was promising.

Summary highlights from this Beige Book 2013-01-16 are that:

• “Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report, with all twelve Districts characterizing the pace of growth as either modest or moderate.”

• “All twelve districts reported some growth in

What will America use to fuel her vehicles when gas is $8/gallon? Natural gas – and we may do it much sooner!

Natural gas.

In fact, it’s being done now.

It way, way, way, way, way, way cheaper than petroleum, and burns clean too!

If you want to see the future, look at Interstate Commerce.

And, here’s another good side to natural gas as a fuel – because it burns cleaner, the engines last exceedingly longer! So now, your 100,000+ mile vehicle becomes a 200,000+ mile vehicle!

—

Shale Gas Set to Reshape Trucking

By REBECCA SMITH

Updated May 23, 2012, 4:23 p.m. ET

Rising diesel costs, last year, forced Waste Management Inc. WM +0.91% to charge customers an extra $169 million, just to keep its garbage trucks fueled. This year, the nation’s biggest trash hauler has a new defensive strategy: it is buying trucks that will run on cheaper natural gas.

In fact, the company says 80% of the trucks it purchases during the next five years will be fueled by natural gas. Though the vehicles cost about $30,000 more than conventional diesel models, each will save $27,000-a-year or more in fuel, says Eric Woods, head of fleet logistics for Waste Management. By 2017, the company expects to burn more natural gas than diesel.

Darrold Withrow, 41, is a certified fueler and mechanic at Waste Management, and he fills up a truck with liquefied natural gas in Oakland, California. / Photograph by Alison Yin for The Wall Street Journal

“The economics favoring natural gas are overwhelming,” says Scott Perry, vice president of procurement at Ryder Systems Inc., R +2.31% one of the nation’s largest truck-leasing companies and a transporter of goods for the grocery, automotive, electronics and retail industries.

The shale gas revolution, which cut the price of natural gas to about $2.70 a million British Thermal Units in the past year, already has shaken up the utility industry, which is switching to natural gas from coal in a big way. Vast Amounts of natural gas in shale rock formations have been unlocked by improved drilling techniques, making the fuel cheap and plentiful across the U.S.

Now the shale-gas boom is rippling through transportation. Never before has

Huntsville Utilities: Corrupt, or merely incompetent?

Over the past several weeks – perhaps indeed, months – Huntsville Utilities has come under increasing criticism; most recently for significant changes to their operations and policies.

The Huntsville Times‘ headlines for Friday, July 1, 2011 recently plastered the public utility with the headline “Charity targets utility’s high fees“.

At issue are the utility’s exorbitant rates for establishing initial service and reconnection – which in many cases can be as high as $1000, or more.

The Huntsville chapter of the Society of

Ten Great Tips for 2011: #7

And a top ‘o the Monday mornin’ to ya’!

We’re staring down the barrel at a brand new, and exciting week ahead!

And we’re already half-way over January!

My, my, my! Where has the time gone?!

Let’s pick right back up with our next weekday installment of Ten Great Tips for 2011!

Here’s #7!