This is the second time in the last nine months the coal crisis has occurred. The South Eastern Railway (SER) has registered nearly 27 per cent growth in coal loading in the first five months of the 2022-23 fiscal, an official said here on Tuesday. Revenue generation of SER from "originating freight" loading has also increased to Rs 7,039.60 crore during the April-August period of the 2022-23 financial year (FY23) as against Rs 6,646.93 crore in the corresponding months last fiscal. The Kolkata-headquartered zonal railway has loaded 81.83 million tonne of "originating freight" in the first five months of FY23, of which coal constitutes 21.10 million tonne, the official said. This is "26.65 per cent higher than the coal loading done by the SER during the same period last year", he said. The main commodities of freight loading, apart from coal, are iron ore, pig iron, finished steel, cement and petroleum products, the official added. … [Read more...] about SER clocks nearly 27% growth in coal loading in first 5 months of FY23
Share to Twitter Share to Linkedin President Biden said recently that “we’re going to be shutting [coal] plants down all across America and having wind and solar.” West Virginia’s Democrat Senator Joe Manchin, representing a state that gets 90% of its electricity from coal, scathingly called Biden’s comments “outrageous … offensive and disgusting” which “ignore the severe economic pain the American people are feeling because of rising energy costs”. Senator Manchin had extended legislative support for President Biden’s so-called “Inflation Reduction Act”, laden with pork for wind and solar, in return for a “ nebulous ‘deal’ with Senate Majority Leader Chuck Schumer and Speaker of the House Nancy Pelosi to pursue the passage of language designed to streamline federal energy permitting processes”. But the bottom line remains in Senator Manchin’s favor, even if he was played by the Democrat establishment: King Coal is making a comeback all around the world. … [Read more...] about King Coal: Reports Of My Death Have Been Greatly Exaggerated (apologies To Mark Twain)
Share to Twitter Share to Linkedin Wearing a black suit and black gloves, 81-year-old French conceptual artist Bernar Venet carefully adjusted four of 25 flat-rolled steel bars leaning against the back wall before lunging and pushing the one furthest left. The domino effect created a clanging that left only two bars erect as the others toppled. Each bar weighs roughly between 110-198 pounds. Venet‘s performance of Accident (1995–2022) kicked off the opening of Gravity, featuring major large-scale works on view at Kasmin in New York’s Chelsea art district until December 23. The performance was conceived in Le Muy in Southeastern France in 1995 and most recently performed at the Kunsthalle Berlin in 2022. Building on the legacies of Dada, Fluxus, and Minimalism, the performance underscores Venet‘s re-imagining of the environment through art. The wall text framing Accident reads: “ENTROPY IS THE FUNCTIONAL QUALITY THAT MEASURES THE DEGREE OF … [Read more...] about French Conceptual Artist Bernar Venet Invites Us Into Chaos At Kasmin
Share to Twitter Share to Linkedin The need for oil and gas has never been so clearly defined as in 2022. Recovery from the pandemic started it. The Invasion of Ukraine by Russia that pushed European nations into energy independence from Russia has continued it. The inflation of energy prices by various shortages and supply chain blocks has worsened it. Projections of future energy needs due to industrial growth by large countries like China and India as well as world population rise have reinforced the position that energy needs will rise by 50% by 2050. But there are certain factors, not widely discussed, that hint at renewables growth that will likely impact growth of oil and gas. One is the transport sector switching from gasoline to electric vehicles (EVs). Another is electricity changing from gas-burning power plants to solar, wind, and battery power. Yet another is major corporations purchasing green electricity. Let’s take a closer look at … [Read more...] about Companies Like Amazon Are Buying Clean Energy – But Will It Make Any Difference To The Oil And Gas Industry?
Share to Twitter Share to Linkedin This photo shows Leviathan natural gas field in the Mediterranean Sea, Thursday, Jan. 31, 2019. ... [+] (Marc Israel Sellem, Jerusalem Post via AP) ASSOCIATED PRESS Even more natural gas has been found off Israel’s coastline, which may help shift the global energy paradigm. Greek oil and gas developer Energean has discovered what it says is between 28-42 billion cubic meters of natural gas, all on top of the 67 billion cubic meters that it has already located. The discovery comes atop earlier ones a decade ago that are getting tapped and will be eventually distributed to former adversaries of Israel: Jordan and Egypt. And there are also plans to sell the natural gas to Turkey, Greece and Cyprus. Indeed, if Israel blossoms into a regional energy powerhouse, it could have profound implications for geopolitics — and possibly extend as far as East as Iraq. “We are delighted to be announcing this … [Read more...] about Israel’s Natural Gas Discoveries Are Bridging Political Divides And Are Forging Economic Ties
Share to Twitter Share to Linkedin Flag of Israel with the Mediterranean sea in the background, in Rishon LeZion. עברית: דגל ישראל ... [+] בראשון לציון (Photo credit: Wikipedia) Israel ’s visiting guest this week is not a head-of-state. But he is just as important. It is Noble Energy ’s Chief Executive Charles Davidson, whose company is working with government and business there to commercialize huge natural gas deposits. The point of the Texas -based oil captain’s appearance is two-fold: He and his Israeli contemporaries will be celebrating the start of the country’s first natural gas discoveries that are in the Mediterranean Sea's Tamar field, which has just begun to generate 300 million cubic feet a day of natural gas. Noble says that the basin holds up to 10 trillion cubic feet. It’s a game-changer not just for Israel but potentially in the geo-political-and-economic chess game: It provides Israel with more energy security while … [Read more...] about Israel’s Natural Gas Finds Win the World’s Notice
Share to Twitter Share to Linkedin Last Friday, Holman Jenkins of the Wall Street Journal , published an article, headlined “ ’Climate Reparations’ Are a New Name for Foreign Aid .” The piece includes quotes from an interview I did with Rockefeller University’s Jesse Ausubel back in 2007 when I was writing for the now-defunct Energy Tribune . Jenkins cited Ausubel from that 15-year-old interview thusly: “I do not think energy policy matters much over the long run. Certainly diplomats do not reduce greenhouse gas emissions. In general, politicians are pulling on disconnected levers.” Jenkins concluded his piece by writing that “the evolution of human society and technology will determine how much CO2 goes into the air. It won’t be controlled by bureaucrats and diplomats. And climate politics, as the U.N. showed last week, can only become more nakedly than ever an opportunity to sprinkle money among corporate welfarists and influential elites here and … [Read more...] about Revisiting My 2007 Interview With Jesse Ausubel: ‘I Don’t Think Energy Policy Matters Much Over The Long Run’