Day July 10, 2008

Does T. Boone Pickens have a nuclear ace in the hole?

CleanTechnica thinks so, detailing how Pickens’ planned mega-wind farm and Ogallala water rights could be used, at least in part, to power nuclear plants in Texas Panhandle. Thus he would have steady nuclear power and intermittent wind power traveling on…

Thoughts on oil speculation

If speculation was mostly responsible for the rise in oil prices, then massive intervention by a central bank shorting oil should be enough to drive prices down. But this hasn’t happened. So, either they don’t want to intervene (doubtful) or…

California fires

We started seeing smoke from the California fires at the Nevada / Utah border on our way back from southern Utah yesterday, a distance of at least 350 miles. Reno was quite smoky, no visible blue sky, just smoke and…

Foreclosures up 53% in June.

Bank seizures were up a staggering 171%. $3.5 trillion in homeowner equity has vaporized since the peak in Spring 2006. By the end of the year between one-fourth one-third of all home sales will be bank-owned. Nevada has the highest…