DEBTOR NATION

VIDEOS

Wolf Richter On The Keiser Report
"Debtonomics and the NSA"

Wolf Richter on the Keiser Report
"Where Is The Fear"

Wolf Richter on Max Keiser's "On The Edge" 
"The Pauperization of America"

Wolf Richter on the Keiser Report
"Where the Money Goes to Die"

Clarke and Dawe: European Debt Crisis
Two favorite Australian Comedians

Clarke and Dawe: Quantitative Easing
Big industrial-strength printers, all facing the window

The Fastest Drive Ever Through San Francisco
Don't try to do this yourself
 

humanERROR - by "Frying Dutchman"
Powerful, lyrical appeal to the Japanese. Slams nuke industry, MSM, bureaucrats, and politicians.

Entries in Environment (53)

Tuesday
Apr082014

DOJ Extracts $5 Billion from Anadarko “for 85 years of poisoning the earth”

By John Daly: It “tried to keep its rewards and shed its responsibilities by playing a corporate shell game, putting its oil-and-gas business in a new entity and leaving behind a bankrupt shell” with environmental liabilities of defunct, polluting businesses.

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Tuesday
Apr012014

In Oil-State Texas, Wind Power Hits US Record 

By James Burgess: In the Lone Star state, famous for oil and gas, the wind industry hit a new record for power generation – and leads the US by far in installed capacity.

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Tuesday
Mar252014

Leak at Nuclear Waste Site in NM “No Threat” to Human Health

By John Daly, Oilprice.com: On 14 February, the Waste Isolation Pilot Plant near Carlsbad, NM, admitted belatedly that a radiation leak exposed 17 workers to radiation. They’d inhaled plutonium and americium particles. That’s when the complications started.

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Friday
Mar212014

Outlook for Coal Darkens

By Nicholas Cunningham, Oilprice.com: The US coal market is shrinking, the industry’s prospects dim. Coal producers seek salvation overseas but face high transportation costs and cheap coal from other countries. And China is a major reason for the gloom.

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Sunday
Mar092014

Coal’s So-Called Comeback Year Is Already In A Heap Of Trouble

By Nick Cunningham, Oilprice.com: The US coal industry, plagued by rising costs and increasingly stringent environmental regulations, was to have a comeback year in 2014. Instead, it has had an epic year so far in environmental damage and horrible publicity.

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Wednesday
Feb262014

Big Oil’s Favorite Subsidy, The Federal Liability Cap for Oil Spills

By Nick Cunningham, Oilprice.com: Why are most of the damages of an oil spill, such as the BP Deepwater Horizon, picked up by taxpayers? A federal liability cap of a ludicrous $75 million, that’s why. Big oil loves that subsidy and thwarts efforts to raise it to realistic levels.

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Monday
Feb102014

Wind And Gas Forcing Out Nuclear In The Midwest

By Nick Cunningham, OilPrice.com: Exelon might retire some of its nuclear power plants because they're unprofitable. It blames low electricity prices and “bad energy policy,” by which it means subsidies for renewables, though nuclear has benefited from subsidies for decades.

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Friday
Feb072014

Epic Droughts: Fracking, Water Supply In Mexican Standoff

By Nick Cunningham, OilPrice.com: Fracking poses a growing risk to water supplies. Groundwater contamination has been making headlines, but in parched states like Texas and California, fracking’s massive consumption of water threatens fracking itself.

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Thursday
Jan232014

More Oil Spilled in 2013 US Rail Incidents than Previous 37 Years Combined

By James Burgess, Oilprice.com: A new analysis of data from the Pipeline and Hazardous Materials Safety Administration sums up the costs of of servicing the US oil boom by rail.

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Saturday
Jan182014

California Water Crisis Meets (Already Iffy) Fracking Boom

By Nick Cunningham, OilPrice.com: California is sitting on the largest tight oil formation in the US, the Monterey Shale. Interest is heating up. The legislature passed a controversial law to regulate fracking and allow the industry to drill. But fracking requires lots of water.

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Monday
Jan132014

Offshore Fracking (And Dumping Chemicals Into Coastal Waters) Beyond The Public Eye

By Nick Cunningham, OilPrice.com: Oil companies have been fracking offshore California and dumping chemicals into coastal waters for as long as two decades. It wasn’t until recently that FOIA requests brought it to light. Now the EPA is feebly trying to step in.

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Monday
Dec232013

Clean Energy Presents “Perfect Storm” for Utilities

By Nick Cunningham, OilPrice.com: A UBS report finds that the declining costs of renewable energy and energy storage are presenting a “perfect storm” for big utilities: They upend centralized electricity generation and put the utility business model in jeopardy.

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Monday
Dec162013

Texas 2014 Oil Output to Surpass Some OPEC Members, At A Price

By John Daly, OilPrice.com: Texas oil production is surging. Estimated output in 2014 of more than 2.7 million barrels per day will exceed that of OPEC members Nigeria (2.5 bpd), Venezuela (2.5 bpd), and Algeria (1.89 bpd). But the costs are steep, and dissent is rising.

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Monday
Dec092013

Chinese Coal Use to Jump 37% by 2020, Despite Huge Costs

By John C.K. Daly of Oilprice.com: As the world moves away from coal due to its high emission of pollutants and greenhouse gases, in China the use of coal, the country’s main energy source, is predicted to soar 37% by 2020.

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Tuesday
Dec032013

Rising Slag Heaps of Petcoke Stir Up Environmental Concerns

By John  Daly, Oilprice.com. A product of the Keystone XL pipeline delay is that crude from the Alberta oil sands is refined in the Midwest, generating slag heaps of petroleum coke, or “petcoke,” whose airborne particles has local residents up in arms.

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Friday
Nov152013

Outcry as Canada Considers Nuclear Waste Facility on US Border

By Charles Kennedy, OilPrice.com: Canadian plans for a large nuclear-waste facility on the Canadian side of Lake Huron, directly opposite the thumb of the State of Michigan, are triggering a cross-border public outcry and a looming diplomatic backlash.

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Thursday
Oct312013

Japan’s Most Hated Outfit, TEPCO, Reports Fat Profit (From Taxpayer Bailout Money)

TEPCO, the bailed-out owner of the Fukushima nuclear plant, famous for its lackadaisical handling of the fiasco and its parsimonious delivery of information, reported earnings today. It was a doozie! And a glimpse into what's in store for Japanese taxpayers.

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Monday
Oct212013

Another Canadian Oil Train Derailment Punctuates The Crude Transportation Debate

By Rory Johnston, of OilPrice.com: Early Saturday morning, a 134-car freight train carrying crude oil and liquefied petroleum gas derailed and exploded outside of Gainford, Alberta. The third such CN derailment in the past month. And three months ago, the tragic Lac-Mégantic disaster claimed 47 lives and incinerated the center of the town.

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Thursday
Oct102013

California To Grapple “Indefinitely” With Nuclear Hangover

The costs of nuclear accidents can be catastrophic, for generations. But there are also the routine costs after reactors are shut down, when decommissioning expenses pile up, for timeframes beyond human comprehension. True costs are unknown. Now, the scandal-plagued San Onofre plant in Southern California has become a test case – indefinitely.

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Monday
Oct072013

After Snatching Olympics, Japan Suddenly Admits Fukushima Not “Under Control,” Begs For International Help

As the Fukushima fiasco hobbled from cover-ups to partial revelations, mega-utility TEPCO – famous for its parsimoniousness with the truth and lackadaisical handling of the fiasco – always pretended the situation was under control. But days after Tokyo scored the 2020 Olympics, that pretense fell apart. Now Prime Minister Abe begged for international help.

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