Daily Digest

Daily Digest 1/16 - Cracks In The Euro Facade, BofA Image Officer Has A Lot To Fix, Geothermal's Potential As Energy Source

Monday, January 16, 2012, 11:41 AM
  • Cracks in the Facade
  • Fear of Civil War Mounts in Syria as Crisis Deepens
  • Among the Wealthiest One Percent, Many Variations
  • The Image Officer With a Lot to Fix
  • Geothermal's Potential as a Serious Energy Source
  • Obama Administration Finds Few Asian Takers for Oil Sanctions Against Iran
  • Indian food energy production and consumption: an export land model analysis
  • What is Clean, Abundant, Affordable and the Best Alternative Energy Source We Have?

Follow our steps to prepare for a world after peak oil, such as how to store & filter water

Economy

Cracks in the Facade (Ilene)

S&P also released a FAQ explaining its action, including this gem: “We believe that a reform process based on a pillar of fiscal austerity alone risks becoming self-defeating, as domestic demand falls in line with consumers' rising concerns about job security and disposable incomes, eroding national tax revenues.”

Fear of Civil War Mounts in Syria as Crisis Deepens (jdargis)

“There’s absolutely no sign of light,” said a Western diplomat in Damascus, a city once so calm it was called Syria’s Green Zone. “If anything, it’s darker than ever. And I don’t know where it’s going to end. I can’t tell you. I don’t think anyone can.”

Among the Wealthiest One Percent, Many Variations (jdargis)

The top 1 percent of earners in a given year receives just under a fifth of the country’s pretax income, about double their share 30 years ago. They pay just over a fourth of all federal taxes, according to the Tax Policy Center. In 2007, they accounted for about 30 percent of philanthropic giving, according to Federal Reserve data. They received 22 percent of their income from capital gains, compared with 2 percent for everybody else.

The Image Officer With a Lot to Fix (jdargis)

By almost any measure, Bank of America has fallen hard. In 2008, before the crisis hit and taxpayers bailed it out, its brand was considered top-notch. It ranked 14th worldwide among all corporations, according to Millward Brown BrandZ, a brand database. Today, Bank of America is 92nd, well behind rivals like Citigroup, JPMorgan Chase and Wells Fargo.

Geothermal's Potential as a Serious Energy Source (James S.)

How do we apply thermal conductivity? Imagine a flat panel of stuff with area, A, and thickness, t. Using the Greek letter kappa (?) to represent thermal conductivity, the rate at which thermal energy flows across the panel given a temperature difference ?T across it is ?A?T/t, which comes out in Watts.

Energy

Obama Administration Finds Few Asian Takers for Oil Sanctions Against Iran (James S.)

Russian Federation Security Council secretary Nikolai Patrushev went further in his criticism of U.S. policy towards Iran, observing, “Unfortunately, the tension surrounding Iran is not diminishing. At this moment the United States considers Iran its main problem. It is trying to convert Tehran from an enemy into a loyal partner, and to do that to use any means to replace the regime ruling there. Both the economic blockade and massive aid to the opposition forces that might carry out a ‘color revolution’ are being used. There exists the likelihood of a military escalation of the conflict, which Israel is encouraging the Americans towards. In the meantime, Russia, China, India, and numerous other countries are making great efforts to resolve the problem by only peaceful means using negotiations. The results of these efforts are at this point negligible, since both the American and the Iranian side have little interest in achieving it now, although for different reasons.”

Indian food energy production and consumption: an export land model analysis (Crash_Watcher)

Unlike China, India depends very little on food imports: as of 2007, India’s food imports are very small relative to its domestic production and consumption (Figure 9). This reflects India’s long term plan to have agricultural self-reliance. Some might argue that just because India doesn’t import food, and therefore rely of foreign grown food, it has succeeded in it's goal of self-reliance. This, however, would ignore the fact that India continues to have a very high Global Hunger Index, corresponding to a ranking of “extremely alarming” hunger (see “Trends”). We also shouldn’t ignore the fact that while India may be self-sufficient in food, it is not self-sufficient in petroleum.

What is Clean, Abundant, Affordable and the Best Alternative Energy Source We Have? (James S.)

Environmental concerns with shale gas production are being raised throughout the global landscape where it is technically feasible to extract the natural gas. The primary driver is hydraulic fracturing’s impact on drinking water. The fracturing slurry is a mixture of 99% water and sand in combination with a proprietary mix of 1% chemical additives. The fluid is injected underground to fracture rock containing natural gas. This can impact drinking water from contaminated aquifers and wells. The other concern is the potential for water and air contamination by fugitive leakage of natural gas during extraction and delivery. Natural gas is a potent greenhouse gas with the ability to trap heat almost 21 times more effectively than carbon dioxide.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

16 Comments

saxplayer00o1's picture
saxplayer00o1
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danrhino's picture
danrhino
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Clean, Abundant, Affordable and the Best Alternative Energy?

THORIUM!!!

saxplayer00o1's picture
saxplayer00o1
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S&P takes Europe's rescue fund down a notch

 

"European Central Bank President Mario Draghi said while investors had largely priced in the euro-area sovereign downgrades from Standard & Poor’s, there should be less reliance on their ratings.

“It seems to a great extent markets have anticipated these ratings changes and priced them in,” Draghi said today at the European Parliament in Strasbourg. “We should learn to do without ratings, or at least we should learn to assess creditworthiness” with less reliance on the rating companies, he said. "

...........1A) S&P takes Europe's rescue fund down a notch

"Standard & Poor's on Monday cut the rating of the European Financial Stability Facility to double-A-plus from triple-A, the rating agency said on its website. The downgrade to the euro-area's bailout fund follows Friday's downgrade by S&P of nine euro-region nations, including France. Speaking to the European Parliament Monday, European Central Bank President Mario Draghi criticized a lack of competition in the rating industry and called for less reliance upon them for information. "Rather than spend too much time on what they say, we need to learn to do either with them or without them," said Draghi, speaking for the first time in his capacity as president of the European Systemic Risk Board."

 

.......................................I would like to say that I agree with Mr. Draghi that we shouldn't pay too much attention to what S&P says. There may not be much  "competition"  in the rating industry, but let's see what this "competition" has to say about France's AAA rating.

Damnthematrix's picture
Damnthematrix
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Clean, Abundant, Affordable and the Best Alternative Energy?
danrhino wrote:

THORIUM!!!

PROVE IT!!!

Methinks energy hyper efficiency is waaaaaaaaaaay cheaper.  If everyone lived like us, we would be able to close down 80% of ALL POWER STATIONS!  

http://damnthematrix.wordpress.com/2011/09/04/the-power-of-energy-effici...
http://damnthematrix.wordpress.com/2011/12/15/the-power-of-energy-effici...

Mike

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Arthur Robey
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What happening at Kitco?

What happening at Kitco? Gold and silver are flatlining. It is tuesday morning here in the antipodes.

Taint Boil's picture
Taint Boil
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 Here let me get that for

 Here let me get that for you click here

Travlin's picture
Travlin
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Globex closed
Arthur Robey wrote:

What happening at Kitco? Gold and silver are flatlining. It is tuesday morning here in the antipodes.

Arthur

At the bottom of your chart you can see the box that says "NY Globex".  They are normally the only market open during these hours, but were closed for the Martin Luther King Jr. holiday.  There is a slight overlap with the Sydney market, but it looks like they were all out having a brew.  Those Ausses keep their priorities straight.  I just noticed this flat line a few hours ago myself and wonder what had blown up.  Never encountered that before.

Speaking of blow ups, notice the spike in prices since the NY Globex opended at 6:00 pm New York time.

Travlin 

Damnthematrix's picture
Damnthematrix
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very funny...
Taint Boil wrote:

 Here let me get that for you click here

No need to get sarcastic you know....  that holiday is NOT on Australian calendars......

Mike

Taint Boil's picture
Taint Boil
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Damnthematrix wrote: Taint
Damnthematrix wrote:
Taint Boil wrote:

 Here let me get that for you click here

No need to get sarcastic you know....  that holiday is NOT on Australian calendars......

Mike

Yes, I know just having a little fun. I take PeakProsperity.com very serious and you guys are all very serious. But maybe a little sarcasm and a few jokes wouldn’t hurt every now and then. 

Arthur Robey's picture
Arthur Robey
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Cute.

I guess TBoil could show me a thing or two about programming. I am impressed.

Let me guess. Less than 20yo?

Damnthematrix's picture
Damnthematrix
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not THAT smart really...
Arthur Robey wrote:

I guess TBoil could show me a thing or two about programming. I am impressed.

Let me guess. Less than 20yo?

Even a 60 yo can do this...!

No programming involved at all Arthur....  you just go to http://lmgtfy.com/ (which stands for let me google that for you dot com), type in your search question and the site does the rest for you, like this...

Mike

Arthur Robey's picture
Arthur Robey
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Rossi explains the business model

For those who are interested in these things, here is Rossi explaining the eCat.

A bit longish but worth it.

http://www.youtube.com/watch?feature=player_embedded&v=RP5cG-36Bag

http://www.youtube.com/watch?feature=player_embedded&v=RP5cG-36Bag

$10 per 6 moths worth of energy. If you change the cartridge yourself.

Doug's picture
Doug
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Posts: 3176
Arthur Robey wrote: For
Arthur Robey wrote:

For those who are interested in these things, here is Rossi explaining the eCat.

A bit longish but worth it.

http://www.youtube.com/watch?feature=player_embedded&v=RP5cG-36Bag

http://www.youtube.com/watch?feature=player_embedded&v=RP5cG-36Bag

$10 per 6 moths worth of energy. If you change the cartridge yourself.

Proven?

Peer reviewed?

scalable?

working tested models?

Color me from Missouri, I'll believe it when I see it.

Doug

Arthur Robey's picture
Arthur Robey
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Disappearing Peers.

Doug anything to do with Cold Fusion cannot be peer reviewed. The Peers have made a stand. Anything to do with Cold Fusion is by definition bunkum. They will not review it.

If you personaly made a Cold Fusion discovery today, there is absolutely no chance that you will have it reviewed.

What is a peer? A peer is someone with the same technical understanding as yourself on the matter at hand. There are no peers outside of the Cold Fusion community because of the refusal to read about any of the empirical findings of the last two decades.

It is a pity that I have to get off to work or I could enlighten you about the diference between skeptisism and psudoskeptisim.

Doug's picture
Doug
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Posts: 3176
bunk

There is one of two problems.  Either he has not released the necessary data for others to try to replicate or he has and it isn't replicable.  I don't believe there are no scientists willing to try.

guillaume.caillaud@gmail.com's picture
guillaume.caill...
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Posts: 2
Broken link

The link to the "Geothermal's Potential as a Serious Energy Source (James S.)" article seems to be broken.  

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