How to Get Out of this Global Financial Meltdown – a suggested approach

January 18th, 2013 1 Comment   Posted in global financial meltdown

How to Get Out of this Global Financial Meltdown – a suggested approach

Oil Crisis, US Recession and Global Financial Meltdown

As early as 2007, signs of economic recession have been observed throughout the world.  By end December 2007, the international price of crude oil went past $100 per barrel.  Continued speculation in the world markets as well as increased demand pushed the price to its maximum of $147 per barrel by July 2008. More »

America needs a new economic model and inspiration from Pres. Obama

March 3rd, 2012 4 Comments   Posted in global financial meltdown

America needs a new economic model and inspiration from Pres. Obama

I hope Pres. Obama could inspire again America.

Early on, South Korea sent armies of workers in Asia, Middle East and Europe to work on massive infrastructure projects to earn foreign currency for their beloved country. Then they used the money to buy a second hand factory from Germany and transferred it to South Korea to start their manufacturing and heavy industries – now Korea is the leader in steel, shipbuilding and electronics, way ahead of Japan. More »

How the US could regain its lost economic power – getting out quickly from the market crash due to credit downgrade

September 22nd, 2011 No Comments   Posted in global financial meltdown

How the US could regain its lost economic power – getting out quickly from the market crash due to credit downgrade
 
The only way for America to regain its lost economic power are as follows:

1) Devalue the US dollar to make your exports competitive and imports expensive since under World Trade Organization (WTO) it is not allowed to impose quantitative restrictions.

2) US workers accept a 50% cut in salaries, wages and benefits since devaluating the currency is not enough to make US production of goods and services competitive. You need the combined effect of devaluation and salary cuts.

3) US to print only US dollar notes to purchase domestic US gold production and to convert foreign exchange earnings from its exports – the US dollar must be backed by gold and forex earnings so that it will not fuel inflation. More »

How the US could regain its lost economic power – getting out quickly from the market crash due to credit downgrade

August 25th, 2011 No Comments   Posted in global financial meltdown

How the US could regain its lost economic power – getting out quickly from the market crash due to credit downgrade

The only way for America to regain its lost economic power are as follows:
1) Devalue the US dollar to make your exports competitive and imports expensive since under World Trade Organization (WTO) it is not allowed to impose quantitative restrictions.

2) US workers accept a 50% cut in salaries, wages and benefits since devaluating the currency is not enough to make US production of goods and services competitive. You need the combined effect of devaluation and salary cuts. More »

A weakening US Dollar and Debt-Riddled US Economy – time to shift to renewable energy

July 21st, 2011 No Comments   Posted in global financial meltdown

A weakening US Dollar and Debt-Riddled US Economy – time to shift to renewable energy

The rapidly deteriorating US Economy and depreciating US Dollar – the result of mal-governance in the US financial system as well as its political system, is going to ruin the world with US-exported inflation, and deteriorating value of US debt instrument.

The US Dollar – “In God We Trust” is a symbol of American debt to the entire world. It is the medium currency of trade and transfer of US debt to the emerging economies – the BRIC (Brazil, Russia, India and China) – which holds tremendous US government treasury bonds. More »

How to make US Pres. Barak Obama’s plan succeed in getting out of the Recession

September 10th, 2010 3 Comments   Posted in global financial meltdown

How to make US Pres. Barak Obama’s plan succeed in getting out of the Recession

A clear analysis of the root cause of the US recession that led to a global financial meltdown will help US Pres. Barak Obam in formulating an integrated plan that will bring back US consumer confidence leading to long-term rise in sustainable consumer spending and economic growth in the US economy and the rest of the world.

The US must use its stimulus funding wisely to create a new sustainable economic model based on activities that are energy efficient, renewable-energy based, low carbon foot-print, technology-based and climate change-sensitive that its impact on US consumers will be long-term confidence in the future in terms of flexible job security thru a good balance between domestic savings and consumer spending.

Oil Crisis, US Recession and Global Financial Meltdown

As early as 2007, signs of economic recession have been observed throughout the world.  By end December 2007, the international price of crude oil went past $100 per barrel.  Continued speculation in the world markets as well as increased demand pushed the price to its maximum of $147 per barrel by July 2008. More »

How President Obama will lead America and the world out of the global financial crisis

November 20th, 2009 1 Comment   Posted in global financial meltdown

How President Obama will lead America and the world out of the global financial crisis

I believe that once America finds its focus and reforms itself, it is also the missing link that will lead us out of the global financial crisis.

When I was a small boy in Musuan, Bukidnon, Island of Mindanao, Philippines, our small Musuan Agricultural College had an American priest Fr. Ahern and was host to 3 American Peace Corps volunteer couples who were experts in Agricultural Engineering.  This was during the years of my elementary education (1958-1964).  I learned my first words in English by playing with the children named Sandra Ford and Jimmy Brown, whose parents were Mr. & Mrs Ford and Mr. & Mrs. Brown.  I was then 3-5 years old and being a small kid with a sponge brain, I learned very quickly the proper American English by just playing with these playful kids.  Our small college was also regular recipient of American cheese courtesy of the People of the United States of Ameria – USAID.

America then was not an ugly word and I found the 3 American Peace Corps volunteers very helpful and nice to get along with.  My father then was Dr. Potenciano Tawatao, the only college physician, who at the dead of the night would deliver hundreds of babies among the various mothers in the small college community of Musuan.

I guess and its my wish that with the new President Barak Obama serving the American people and the peoples of the world, being an American brings both honor and joy to its citizens whenever they are away from US soil serving the world.  A great leader and its people serves and that is what it expected from each one of us – leaders of the new world.

Oil Crisis, US Recession and Global Financial Meltdown

As early as 2007, signs of economic recession have been observed throughout the world.  By end December 2007, the international price of crude oil went past $100 per barrel.  Continued speculation in the world markets as well as increased demand pushed the price to its maximum of $147 per barrel by July 2008.

From then on, it was a roller coaster ride and the price of crude oil dropped to $40-50 per barrel as off April 2009.  Oil currently sells at $80-85 per barrel as of November 2009.  US Banks and financial institutions began to request for US government bailout, some were allowed to fail, and the big US insurers and banks that were considered too big to fail were recipients of bailout funds from the outgoing Bush administration. More »

How to Get Out of this Global Economic Meltdown – a suggested approach

How to Get Out of this Global Financial Meltdown – a suggested approach

Oil Crisis, US Recession and Global Financial Meltdown

As early as 2007, signs of economic recession have been observed throughout the world. By end December 2007, the international price of crude oil went past $100 per barrel. Continued speculation in the world markets as well as increased demand pushed the price to its maximum of $147 per barrel by July 2008.

From then on, it was a roller coaster ride and the price of crude oil dropped to $40-50 per barrel as off April 2009. US Banks and financial institutions began to request for US government bailout, some were allowed to fail, and the big US insurers and banks that were considered too big to fail were recipients of bailout funds from the outgoing Bush administration.

With the onset of the new Obama administration, the US legislature together with the US executive passed fiscal stimulus package to address and hopefully arrest the continued global financial meltdown that also ravaged Europe and major industrial economies in Asia.

Some Countries Were Spared. Why?
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Fuel & Energy Technology Expert is Here

Fuel & Energy Technology Expert is Here

Marcial Ocampo, your favorite energy technology expert, is here to provide you latest information on:

1) energy and oil prices (international and domestic pump price calculation)

2) renewable energy and non-renewable energy and electricity

3) cost of power generation – capital and O&M cost

4) levelized cost of energy and electricity

5) Philippine energy and electricity demand and supply

6) project finance and financial modeling

7) power plant efficiency and performance

8) project feasibility studies for biofuels and power plant (market, technical, economic and financial)

Examples of Power Generation Technologies in commercial use are as follows:

Oil – Gas Thermal

Reciprocating / Piston Engine:

Small or High-Speed
Medium Speed
Large or Slow Speed
Combined Cycle – Waste Heat Boiler

Natural Gas – Simple GT:

Aero-Derivative GT
With Recuperation
Humid Air Turbine (HAT)
Cascaded Humid Air Turbine (CHAT)
Heavy Frame GT

Natural Gas – Combined Cycle GT

Coal:

Pulverized Coal PC
Atmospheric CFB
Pressurized FBC
Integrated Gasification Combined Cycle IGCC
Integrated Gasification Humid Air Turbine IGHAT
Direct Coal-Fired Combined Cycle DCCC
Supercritical & Ultra-Supercritical Coal Comb.

Nuclear Fission:

Boiling Water Reactor (BWR), advanced
Pressurized Water Reactor (PWR)
Pressurized Heavy Water Reactor (PHWR)
Advanced Gas-Cooled Reactor (AGR):
– Candu Reactor
High Temp. Gas-Cooled Reactor (HTGR)
Gas Turbine Modular Helium Reactor (GT-MHR)
Breeder Reactors

Nuclear Fusion

Hydro:

Large:
– Pelton Turbine – 50-6,000 ft head
– Francis Turbine – 10-2,000 ft head
– Propeller Turbine – 10 – 300 ft head:
– Kaplan Turbine
Small / Mini
Micro

Energy Storage:

Pumped Hydro
Compressed Air Energy Storage (CAES) – Huntorf:
– Large CAES
– Small CAES
– Above Ground CAES
Flywheel Systems
Utility Scale Batteries (USB):
– Lead acid
– Advanced
Stored Hydrogen
Superconduction Magnetic Energy Storage (SMES)
Ultracapacitors

Geothermal:

Dry Steam (Vapor)
Flashed Steam (Single, Double)
Binary Cycle
Petrothermal (Hot Dry Rock)
Geothermal Preheat
Fossil Superheat

Wind

Solar PV:

Crystalline silicon
Thin film – Amorphous Silicon
Thin film – Indium Diselenide
Flat Plate
High Efficiency Multi Junction (IHCPV)

Solar Thermal:
Trough
Tower
Dish
Salt Pond (power + water)

Fuel Cells:

Alkaline (AFC)
Phosphoric Acid (PAFC)
Proton Exchange Membrane  (PEM)
Direct Methanol (DMFC)
Molten Carbonate (MCFC)
Solid Oxide-GT  (SOFC-GT)

Biomass:

Direct Combustion
Co-firing with Coal
Biomass Gasification (BIGCC)
Municipal Waste Treatment
Pyrolysis

Fermentation
Landfill Gas (40 – 60% CH4)
Anaerobic Digestion Biogas (65% CH4)
Sewage Treatment

Ocean Thermal:

Claude (open cycle)
Controlled Flash Evaporation (open)
Anderson (closed cycle)

Ocean Wave:

Oscillating Water Column (OWC)
Hydraulic Accumulator
High Level Reservoir
Float or Pitching Devices
Wave Surge or Focusing (“tapchan”)
Pendulor

Tidal Power:

Single Pool
Modulated Single Pool w/ Pumped Hydro
Two Pool

Additional technologies provided by readers of this blog:

Waste Heat Recovery: (from Alan Belcher’s comments)

Steam Rankine Cycle (Recycled Energy Development, Inc.)

Organic Rankine Cycle (Ormat Technologies, Inc.)*

Low Temperature Brayton Cycle (Pegasus Energy Project, Inc.)