Sunday, April 26, 2009
60 minutes Preview The Dilemma Over Coal Generated Power
Energy CEO Jim Rogers wants to substantially reduce his plants' carbon footprint by 2050. But NASA climatologist Jim Hanson says we only have 20 years to make that achievement.
Watch CBS Videos Online
Jim Rogers, CEO of Duke Energy, knows that to help stop global warming he'll have to do something about the 100 million tons of carbon dioxide that his coal-fired power plants emit each year. But right now, he's building two more, because job one is to keep power flowing to his customers, and removing the carbon dioxide is out of the question, at least for many years to come.
Rogers speaks to 60 Minutes correspondent Scott Pelley for a report on America's dependence on coal - the dirtiest fuel and biggest contributor to global warming - to be broadcast this Sunday, April 26, at 7 p.m. ET/PT.
Jim Hansen, NASA's top climate scientist, says coal is the greatest threat to the planet, requiring immediate action."We are going to have to have a moratorium on new coal-fired power plants within the next few years and phase out the existing ones over the next 20 years…to preserve the climate like the one that has existed the last several thousand years," he tells Pelley.
But Rogers says a moratorium is not practical. "Mr. Hansen, can't get done, won't get done," responds Rogers. "We've got to keep our economy going… To do what you ask me to do now is just not doable," he says. "We can't abandon coal," he says of America's most abundant and inexpensive fossil fuel. "We have to find a way to keep it and use it in the future and that means the ability to clean it up," he tells Pelley.
Rogers says he has big plans to make his company carbon free - but it'll take at least 40 years. To help get there, says Rogers, his coal plants will have to use a new technology called carbon capture and storage, which turns the carbon dioxide into liquid and pumps it deep underground.
The problem is there are hundreds of coal-burning power plants in the U.S. alone: each would need to capture and store its carbon - and each would cost billions to build. In addition, the world's energy systems will need to be retooled. "We can do that, but it's going to take trillions of dollars to do it," Rogers says.
Watch CBS Videos Online
Jim Rogers, CEO of Duke Energy, knows that to help stop global warming he'll have to do something about the 100 million tons of carbon dioxide that his coal-fired power plants emit each year. But right now, he's building two more, because job one is to keep power flowing to his customers, and removing the carbon dioxide is out of the question, at least for many years to come.
Rogers speaks to 60 Minutes correspondent Scott Pelley for a report on America's dependence on coal - the dirtiest fuel and biggest contributor to global warming - to be broadcast this Sunday, April 26, at 7 p.m. ET/PT.
Jim Hansen, NASA's top climate scientist, says coal is the greatest threat to the planet, requiring immediate action."We are going to have to have a moratorium on new coal-fired power plants within the next few years and phase out the existing ones over the next 20 years…to preserve the climate like the one that has existed the last several thousand years," he tells Pelley.
But Rogers says a moratorium is not practical. "Mr. Hansen, can't get done, won't get done," responds Rogers. "We've got to keep our economy going… To do what you ask me to do now is just not doable," he says. "We can't abandon coal," he says of America's most abundant and inexpensive fossil fuel. "We have to find a way to keep it and use it in the future and that means the ability to clean it up," he tells Pelley.
Rogers says he has big plans to make his company carbon free - but it'll take at least 40 years. To help get there, says Rogers, his coal plants will have to use a new technology called carbon capture and storage, which turns the carbon dioxide into liquid and pumps it deep underground.
The problem is there are hundreds of coal-burning power plants in the U.S. alone: each would need to capture and store its carbon - and each would cost billions to build. In addition, the world's energy systems will need to be retooled. "We can do that, but it's going to take trillions of dollars to do it," Rogers says.
Tuesday, April 21, 2009
The Alzheimer's Project DVD -- Free Copy
Follow the link to the Alzheimer's Reading Room to obtain your free copy of the DVD.
Subscribers to the Alzheimer's Reading Room can now obtain a free copy of The Alzheimer's Project. I don't know about you, but I am really looking forward to viewing this documentary. I am an HBO subscriber and they really do a great job with all their entertainment. I am very confident we will be smiling, and crying, as we watch this documentary.
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Monday, April 20, 2009
Google Downside Reversal? (Chart)
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Sunday, April 19, 2009
Cold Fusion and Palladium (Chart)
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Wednesday, April 15, 2009
Penn State Solar Decathlon team ready to make Natural Fusion a reality
"Natural Fusion was born out of the idea of building an integrated house and using things that have been used for years but in a new way," said ThomasRauch, team member and media liaison. "Its redefining the engineering processand what is considered the cross-disciplinary educational process."
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Friday, April 10, 2009
30 Year Mortgage Interest Rate Chart (Update)
30 Year Conventional Mortgage Interest Rate
Current Interest Rate 4.78 Percent
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Current Interest Rate 4.78 Percent
Subscribe to All American Investor via Email
 Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
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Thursday, April 9, 2009
Stocks the Nervous Norvis Market (Chart and View)
There are a lot of Nervous Norvises out there.
When the market moves down for a couple of days your typical Nervous Norvis bull gets sweaty palms and heart palpitations. A couple of days down and the bears are pounding their chest. The only thing the bears can think about is bad news. Left to wonder of course, why is the market going up with all this bad news--the world is coming to an end.
The Stock market is in a classic uptrend from the capitulation low.
Review:
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When the market moves down for a couple of days your typical Nervous Norvis bull gets sweaty palms and heart palpitations. A couple of days down and the bears are pounding their chest. The only thing the bears can think about is bad news. Left to wonder of course, why is the market going up with all this bad news--the world is coming to an end.
The Stock market is in a classic uptrend from the capitulation low.
Review:
- During the capitulation phase the slope of the market became too severe to maintain and the market hooked off the lows as should have been expected. See: S and P Monthly Chart indicates a sharp rally is coming soon. S and P 500 in the 676 area. See: S and P 500 Rally Comes as Predicted
- Next we got very bullish news that most investors missed. See--Stocks Don't Fight the Tape.
- It became obvious that the market was ready for a major technical retracement in a longer term bear market. See: They called me crazy, S and P 900-1000
- Since the uptrend started, above 750 on the S and P 500, the market has traded according to a textbook.
- A rule that worked--always buy two days down in an uptrend. You could have bought the market at the 768 area; and again, this week around the around 816 area.
- The market continues to make higher lows. The most important ingredient of a trend.
- The market found support on a dip three times. This indicates there are buyers below the market. This is necessary to raise confidence.
- Bears continue to try and sell the market. The big difference they are running for cover at the first sign of strength.
- The slope of the green line (midpoint, support) continues to point up and is strengthening.
- The blue line is picking up momentum and as long as this continues it will help propel the market higher,
- The market is once again approaching the red line (two standard deviations up) and this should be watched. Short term traders should resist the urge to buy the market when it is at, near, or above the red line. This is where nervous norvises really get killed.
- There is still substantial resistance from 850-875. This is where the market will likely wear out bulls who lack patience. They will get out and will likely start chasing it right into the top and before the next major test of the downside.
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| Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
More from All American Investor
- 30 Year Conventional Mortgage Rate (Chart)
- Top Hedge Fund Managers Make Billions in 2008
- Systemic Risk Defined--Too Big to Fail
- Ray Dalio on the current state of affairs in the market
- Roubini Predicts U.S. Losses May Reach $3.6 Trillion
- Option ARM--The Toxic Mortgage
- Warren Buffett's Annual Letter to Investors (Cliff Notes Version)
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Wednesday, April 8, 2009
Get Your TARP Before it is Too Late
Now I find myself wondering if there are enough TARPs (Troubled Asset Relief Program) to go around. The Treasury Department has decided to extend bailout funds to a number of struggling life-insurance companies.
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Sunday, April 5, 2009
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