Construction is over 60% of China GDP. Exports 5%.
NG $12 in Japan, just over $4 here.
Last 110 workers laid off from closed Suzlon wind turbine blade maker in Pipestone, PA. Employment up 100 since Obama's April visit to Siemens' wind equip plant in Iowa. MFG builds for GE wind, needs 40 more workers in SD plant. GE outsold Suzlon 2-1 in US in '10. Siemens got 3 projects in Iowa, over 500MW total. Suzlon had '09 loss of over $200M and $276M more 1st 3 Q's of '10. Their blades have developed cracks. They're "developing new blade tech."
It would take an estimated 68k sq km of algae production to replace the 80B gallons of avfuel the US uses every year. (6% of total world use of 1.3T gallons). Camelina and Jatropha also being considered as fuel stocks.
India and Iran trying to keep $11B in oil and gas trade intact. India's central bank declared that a clearinghouse could no longer be used to settle such transactions.
BP Gulf spill cost likely to stay below $60B. That's one hell of a mistake. But well within company's ability to pay. O so happy they can get their lives back.
Oil at $92. Just saying. We need alternatives, folks. And it doesn't happen overnight. What's wrong with building out faster on electric cars and cleaner central power from nuke to solar and wind and Apollo Project on algae or fuel cell power? The budget. The budget's the problem. Oy.
Monday, January 3, 2011
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