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 »

Road Map for Pres. Obama : Preparing for the future energy economy is the quickest way out of the global financial crisis – low carbon, hydrogen, nuclear and breeder economy

June 29th, 2010 14 Comments   Posted in cost of nuclear power

Road Map for Pres. Obama : Preparing for the future energy economy is the quickest way out of the global financial crisis – low carbon, hydrogen, nuclear and breeder economy

It seems that the stimulus package is not working for the USA.  A simple analysis reveals that it will never work because it is simply perpetuating and delaying the economic correction in the US which the Asian countries have done during the 1996 Asian Financial Crisis – they allowed big corporations to fail and recapitalize on their own accord, with government undertaking painful but necessary economic and fiscal reforms, and government leading the private sector in the right direction of energy efficiency (green homes and green buildings, smart grids, advanced and optimized manufacturing and logistics, optimal load dispatch, higher transport mileage, hybrid and electric vehicles), renewable energy (biomass, mini-hydro, wind, solar, ocean thermal energy conversion or OTEC), alternative fuels (biodiesel, bioethanol) and clean energy technologies (clean coal CFB, IGCC).

All of these initiatives, if undertaken on a global scale, will lead to sustainable development that mitigates global warming and climate change risks.  And sustainable development will always lead to greater customer confidence in the future, leading to willingness on the citizenry to spend their money in new and energy efficient technologies – the necessary ingredients for long-term economic growth.

This is what the US Pres. Obama and the US Congress should provide leadership so that the whole world will follow in unison towards a common goal of eradicating permanently global poverty through sustainable economic development.  Conserving expensive fossil fuels to prolong its economic lifetime while the world gradually shifts to a low-carbon economy is the heart of this paradigm shift. 

This article will explain how it can be done.  Please read on and give me your comments and suggestions, and if possible, email it to US Pres. Obama and the members of the US Congress.

The world’s ever growing population requires that massive energy and power projects be developed to keep pace with the socio-economic needs of the more technologically advanced offsprings of civilization.

Mankind has never seen before the exponential growth of energy demand as technological innovations lead to a more wired and electrically dependent society.

So the current scenario of a high carbon energy diet has raised alarm bells  throughout the world and this is being relentlessly being pursued by no less than former US President Al Gore and the new “Inconvenient Truth”. 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?
More »

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.)