Saturday, September 26, 2009

Energy Deregulation

About Deregulation

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In the last few years, many states have begun to rewrite the rules to increase competition among electricity producers. Other states have been studying the issue.

The basic idea is to deregulate the generation of electricity and allow consumers to choose where they buy their power (as they can choose their long-distance phone company). Local utility distributors would continue to deliver the power, for a fee, over their lines.

This form of deregulation is being decided on a state-by-state basis. Each state faces a different energy situation and is taking a different approach. In general, areas with high electricity rates (like California and the Northeast) have been the first ones to move in this direction.

States in the Southeast are studying the issue, but are being cautious – especially given the recent crisis in California and the lack of one in the Southeast.

Early Results

The first few states began implementing their redesigned electricity markets in the late 1990s, and most are still in a transition period. So the jury is still out on the long-term pros and cons. But the early experience has shown:

  • Redesigning electricity markets is even more complicated than expected.
  • So far, most consumers have been reluctant to switch electricity providers (a wait-and-see attitude).
  • For a variety of reasons, California's electricity deregulation turned into a crisis beginning in the summer of 2000 and continuing into 2001 – supply emergencies (even blackouts) and severe price spikes as well as deep financial trouble for the state's two largest utilities.
  • As a result of California's high-profile problems, some states are rethinking their plans while others press forward on their own deregulation paths.

What's Next?

  • States will continue to keep an eye on California as well as states like Pennsylvania and Texas.
  • There is a renewed focus on ensuring power supply reliability and avoiding extreme price volatility.
  • The Carolinas and Florida are taking a careful, deliberate approach to the issue.

Major Dust Storm

SYDNEY (AFP) – A giant dust storm swept eastern Australia on Saturday, turning Sydney's air yellow and causing breathing problems just days after the worst such incident in decades caused apocalyptic scenes in the city.

Howling winds pushed the 200-kilometre (125-mile) wide cloud of desert dust through Sydney and up the coast to Brisbane, prompting a rash of emergency calls as residents choked on gritty air.

While Sydney's early-morning visibility was sharply reduced, the storm did not approach Wednesday's doomsday situation, when the city awoke to an unearthly red glow and was coated with a fine layer of grit.

Satellite pictures showed the thick band of dust sweeping from central Australia towards the east coast, with visibility in Sydney limited to five kilometres, said forecaster Barry Hanstrum.

"We've got an area of widespread dust but not as thick as it was on Wednesday," said Hanstrum.

Sydney's air quickly cleared in blustery conditions as the storm headed north. However, emergency services registered a sharp increase in call-outs for people with breathing problems.

"Thankfully, it's not as busy as it was on Wednesday with the amount of dust that has been around," Sydney paramedic David Morris told public broadcaster ABC.

"But between seven and eight o'clock this morning we still had double our jobs for breathing problems compared to yesterday," he said.

Wednesday's storm, which was visible from space and left hundreds of people needing treatment for breathing problems, was reportedly Australia's worst in 70 years.

The storm was estimated to have dumped millions of tonnes of dust on the east coast with particles later landing in New Zealand -- around 4,000 kilometres away over the Tasman Sea.

Weather bureau forecaster Jane Golding said it was extremely rare to see two large dust clouds so close together.

"(It would be) be pretty unusual if we get another one any time soon," she told ABC.

The storms have been whipped up by strong winds following the hottest August on record, gathering dust left by southeastern Australia's crippling, decade-long drought.

Residents of Young, west of Sydney, said plumes of dust whirled through the country town early on Saturday.

"Standing outside my place now looking at the clock tower, it's about half a kilometre away. You can just see it, with the thickness of it, you can just see the town lights," said Young resident B.J. Wyse.

"It's just like a red glow. I just talked to a friend of mine in Cootamundra and it's going through there as well, so yep, it's back again," he told state radio.

Saturday's storm hit with residents still clearing their homes and cars after the first, and as Queensland state firefighters battle a number of bush blazes.

Oil Market

NEW YORK (AFP) – Oil prices rose Friday as rekindled tensions over Iran's nuclear program overshadowed concerns about energy demand and the pace of economic recovery.

New York's main contract, light sweet crude for November delivery, rose 13 cents to close at 66.02 dollars a barrel.

Brent North Sea crude for November delivery climbed 29 cents to settle at 65.11 dollars in London trade.

Prices swung higher as world leaders demanded that nuclear inspectors from the International Atomic Energy Agency (IAEA) be granted access to a previously secret Iranian plant and threatened to impose tough new sanctions on Tehran.

Iranian President Mahmoud Ahmadinejad brushed off the criticism and said the facility had been disclosed to international inspectors and was "perfectly legal."

"Traders have to beware if this evolves into a military conflict because Iran sits on the straits of Hormuz, where 20 percent of the world's oil flows though on a daily basis," said Phil Flynn at PFGBest Research.

"If this had happened three years ago, oil might have run up 10 dollars a barrel or more. Yet now, the impact will be much less as a world awash in oil and spare production capacity can more than make up any loss of Iranian supply."

US President Barack Obama, French President Nicolas Sarkozy and British Prime Minister Gordon Brown announced that Tehran had admitted to the United Nations nuclear watchdog that it had built a second uranium enrichment plant.

The Western leaders made it clear that they did not believe the site served civilian purposes, with a US official describing it as having "the right size" to produce weapons grade uranium but of no use for nuclear fuel production.

Some analysts said oil was helped by news emerging from the Group of 20 summit of leading industrialized and developing nations that leaders would maintain emergency economic stimulus measures until a sustainable economic recovery manifests itself.

Prices were also supported by a research note from Goldman Sachs, which maintained forecasts for crude at 85 dollars by the end of the year and an average of 90 dollars in 2010.

Oil closed down more than three dollars on Thursday, as mixed US economic data and signs of sluggish US energy demand highlighted fears about a tepid recovery from the global recession.

Prices have also been pressured by this week's data showing a large jump in US crude oil inventories -- a sign that energy demand remains weak.

Energy demand has plunged after the global economy slipped late last year into its worst recession since the 1930s.

This sent oil prices tumbling from historic highs of more than 147 dollars in July 2008 to around 32 dollars in December.

Prices have since recovered somewhat but investors remain concerned over the pace of the upturn.

Health Care

WASHINGTON – President Barack Obama on Saturday resumed his push to overhaul the health care system, telling a Congressional Black Caucus conference that there comes a time when "the cup of endurance runs over."

"We have been waiting for health reform since the days of Teddy Roosevelt. We've been waiting since the days of Harry Truman," he said in remarks at the caucus foundation's annual dinner. "We've been waiting since Johnson and Nixon and Clinton."

"We cannot wait any longer," Obama said.

Obama spent the past week largely focused on global and economic issues in meetings with world leaders in New York and Pittsburgh.

At the G-20 economic summit that wrapped up Friday in Pennsylvania, Obama told a story about an unnamed foreign leader who privately told the president he didn't understand the at-times contentious debate over changing the health care system.

"He says, 'We don't understand it. You're trying to make sure everybody has health care and they're putting a Hitler mustache on you. That doesn't make sense to me,'" Obama said, quoting the world leader he declined to identify.

The reference to Nazi leader Adolf Hitler was to signs some people have waved outside of often testy town hall meetings around the country this summer where lawmakers discussed Obama's health care plan.

In the speech, Obama described his plan as one that would not require people with coverage to change anything but would make health insurance affordable for the millions of people who don't have any. Republicans dispute those claims.

The Senate Finance Committee is in the process of amending a health care bill introduced by Chairman Max Baucus, D-Mont.

Before becoming president, Obama was the only senator in the all-Democratic caucus, which now has 42 members. He wasn't particularly active in the group and isn't especially close to many of its members.

Animosity toward the president and his policies has bubbled up in recent weeks, most notably with Rep. Joe Wilson, R-S.C., shouting "You lie!" at Obama during the president's recent health care speech to Congress.

Democrats from former President Jimmy Carter on down have blamed the increasingly harsh criticism of Obama on racism.

Obama says it's not racism but an intense debate over the proper role of government.

Before he began to speak, Obama walked to a podium facing the audience from the right side of the stage before he was directed to another one — the one affixed with the presidential seal — on stage left.

"They don't want me to be on the right," he joked. "This is the CBC."

Go see what all the fuss is about!!!

http://www.ktpower.whyambitworks.com

Brain Teaser Answer

By adding only One straight line, make the equation true.
It must still equal 550.


5 + 5 + 5 = 550

The answer to the Brain Teaser is :

545 + 5 +550

Friday, September 25, 2009

Teaser!!

By adding only One straight line, make the equation true.
It must still equal 550.


5 + 5 + 5 = 550

I will reveal the answer in a few days, so leave me your guess or answer in my comments. This should be fun, and good luck!



http://ktpower.whyambitworks.com
http://ktpower.myenergy101.com

12 Quotes Every Entrepreneur Should Have Tattooed on Their Arms, by bradley will | July 1, 2009

Hello again readers! I think what you will find in this post is very helpful for our everyday lives and find that we can implement these quotes into our careers as well as all aspects of our lives.
I apply it to my life in my career as an Energy Marketing Consultant.

http://ktpower.whyambitworks.com ~ video on my career and getting to know a little more about what i do for you and my readers.

I have one tattoo. Who knows, I may plan to get more. Maybe I will make my body a shine to all of the great authors work that inspired me along my journey. The words of many great leaders, constantly ring in my head. This is the collection of 12 powerful yet simple quotes that shine light on my path. There are millions of great quotes, but I believe you will find these quite special.
Do I think every entrepreneur should get these quotes inked on their body? Obviously it’s your choice, but it is better than some of the weird ass tattoos I have seen people stamp on themselves. This is permanent. Life is not. If you do not decide to carry these quotes on your body, I recommend to reference them continually to guide you on your journey to success.
2009 07 01 0006 12 Quotes Every Entrepreneur Should Have Tattooed on Their Arms