Chinese Team Sets Off to Build Base in Antarctica’s Interior
A Chinese team set off from one of the nation’s two posts in Antarctica to establish its first scientific observatory in the interior of the continent.
The expedition will take 20 days to drive 1,300 kilometers (808 miles) to the site at Dome A, Antarctica’s highest point at 4,093 meters above sea level, Yang Huigen, the team’s chief scientist, said in a government statement.
“Dome A is a unique station for meteorological and climate observation, and the oldest ice core is most likely to be found here,” Yang said.
China will join the U.S., Russia, Japan, France, Italy and Germany in having a research station in Antarctica’s interior. Dome A is one of the coldest places on earth, where temperatures can fall to about minus 90 degrees Celsius (minus 130 degrees Fahrenheit), Xinhua news agency said in September.
China already has two posts on the continent’s periphery.
The first, located at King George Island of west Antarctica, can accommodate 80 summer research personnel and 40 winter researchers. The second, at Larsemann Hills in east Antarctica, can host 60 summer research personnel and 25 winter researchers, according to the Web site of the Polar Research Institute of China, which has 124 staff, including 41 scientists.

Chysler Cash Will Run Short in January

Chrysler is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year, according to its chief financial officer. In an interview with The Associated Press Thursday night, Vice Chairman Tom LaSorda and Chief Financial Officer Ron Kolka also said some parts suppliers and other vendors have demanded cash on delivery but the company is fending them off. Chrysler has said its cash will drop to $2.5 billion by Dec. 31, the minimum needed to meet payroll, pay suppliers and run the company. With the U.S. sales slump expected to continue into January, one of the slowest sales months of the year, the company has little revenue coming in and must pay suppliers $7 billion every 45 days, Kolka said.

SychronEyes Terrorize local Financial Markets Class!

The European Union approved tighter emission caps on energy and manufacturing companies as of 2013, bolstering the world’s biggest greenhouse-gas market in a bid to spur the U.S. and China to help fight climate change.
The European Parliament voted to reduce annual carbon- dioxide allowances for electricity, steel, paper and other industries now in the EU emissions-trading system by 11 percent on average in 2013-2020 from 2008-2012. The EU assembly also endorsed adding the aluminum and chemical industries to the system, which requires companies that exceed their emission quotas to buy permits from businesses that emit less.
In addition, the Parliament approved allocating fewer of the allowances that make up the shrinking quotas for free, requiring some power producers to buy their whole allotment as of 2013 and other industries to face 20 percent auctioning that year. The overhaul aims to make emissions tied to fossil fuels more costly and help the EU meet a goal of reducing greenhouse gases by 20 percent in 2020 compared with 1990.

Obama Names Energy, Environmental Team

President-elect Barack Obama Monday chose a Nobel physics laureate to be his energy secretary and picked a former top federal environmental regulator to coordinate his energy and environmental policies.

Steven Chu the head of the team and he won the 1997 Nobel Prize in Physics currently he directs the government's Lawrence Berkeley National Laboratory in California but after inauguration he will coordinate White House policy on energy, and climate change among the various federal agencies.

Warren Buffett's Electric Car Hits the Chinese Market, But Rollout Delayed For U.S. & Europe
A Chinese-made electric car, backed by Warren Buffett, has been officially introduced to the retail market in that country.It can go about 62 miles on its electric engine, and has a small gasoline engine as back up. It takes nine hours to charge the battery from a regular electric outlook. Price: 149,800 yuan, which is equivalent to $22,000, in line with other Chinese-made mid-sized cars. They originally were going to put it on the US and European Markets in 2010 but because recentmarket major falls it has been pushed back to 2011

Cars of Tomorrow With Energy-Saving Technology

Automobiles companies are on the lookout to manufacture tomorrow’s car. They want to minimize the disadvantages of the today’s hybrid cars and capitalize on its positive features. Mechanical and electrical engineers at DaimlerChrysler, General Motors and BMW are jointly making an effort in this direction. They want to roll out a tomorrow’s car equipped with technology that shuts off the internal combustion engine on its own when the vehicle is not moving. This car will work well within the city where traffic is characterized by stop and start again. But you can safely drive this car on highways too where you can speed up and enjoy a smooth ride. This car will be 100-percent electric. “It takes the combination of hydrogen and oxygen to form water, and at the same time produce electricity,” says Doanh Tran, an advanced vehicle engineer with DaimlerChrysler’s Fuel Cell Vehicles & Technologies. The exhaust pipe of the car will emit water vapor.

Solar Power Hits Home

There were limits to how green Bruce Letvin was willing to go. For years, the 53-year-old anatomy professor had wanted to install solar panels on his Manhattan Beach, Calif., home. But the up-front installation costs always outweighed the benefits for the environment and his conscience. He finally managed to work out green financing with the help of solar company SunPower. After determining that his electricity bills and roof exposure were large enough to make him a good candidate for its solar panels, the company, based in San Jose, Calif., helped him find a 15-year loan for the $64,500 system.

Goldman, Once Warning of $200 Oil, Sees $45 in 2009

Goldman Sachs' energy equity research team, which predicted a crude oil spike to $200 a barrel earlier this year, slashed on Friday its 2009 forecast to just $45 as demand deteriorates. They are trying to balance the market once again because there is a surplus in the market so the pirces fell

Hawaii Endorses Plan for Electric Cars

The State of Hawaii and the Hawaiian Electric Company on Tuesday endorsed an effort to build an alternative transportation system based on electric vehicles with swappable batteries and an “intelligent” battery recharging network. The plan, the brainchild of the former Silicon Valley software executive Shai Agassi, is an effort to overcome the major hurdles to electric cars — slow battery recharging and limited availability.

Oil Settles Below $47 on Weak OPEC Cut

Members of the Organization of Petroleum Exporting Countries had pledged to lower output by 1.5 million barrels per day for November, but were only 66 percent compliant with the target last month

No Corporate Jets for Auto Executives This Time
This time when executives arrive to ask for more money from Congress they will be arriving in Company cars instead of jets. Such frivolous wastes of money have been cut some are so dedicated like the Ford CEO that he is going to work for a dollar a year. Tuesday morning trading, GM shares rose 30 cents, or 6.5 percent, to $4.89. Ford shares also jumped 30 cents, or 12 percent, to $2.85 after the company submitted its restructuring plan to Congress. The plans include canceling all 2009 bonuses for global management and North American workers.

Somali Pirates hijack a Chemical tanker

Somali pirates seized control of a chemical tanker in the Gulf of Aden on Friday and a NATO helicopter gunship, too late to prevent the hijacking, picked up three security guards who jumped into the sea. Friday's was the 97th ship hijacking this year. The U.N. might pass a new resolution with more aggressive rules of engagement.

Oil rose to around $50 a barrel on Friday. This comes after a new 3 and a half year low. It dropped a hundred dollars from its record high in July. It was down to 48.25 recently. Companies are storing millions of barrels hoping that the economy will rise again. "Shipping brokers said U.S. oil trader Koch and Royal Dutch Shell had booked supertankers capable of storing 10 million barrels of crude, more than top exporter Saudi Arabia produces in a day." oil production will fall by 1.22 million barrels per day in November. What does all this mean to us who knows hopefully the prices will stay down because these companies have ripped us off for long enough

Lower Gas Prices Don’t Make Americans Feel Rich

Everyone, especially students who pay for their own gas are relieved at the falling prices previously gas was at over 4 dollars if you were purchasing it with credit and the lowest now is $1.55. The national average is now down to $2.18 but now instead of spending that cash Americans are saving it or trying to cut back their debt. Some are using the saved money to pay off credit card loans and they are saving because they do not trust the prices and believe they will rise again. So even though every dime cut off the price puts 12 billion dollars back into consumer pockets Americans dont feel rich most are playing catch up while the rest are saving for what they belive will be times of high gas prices again.

This morning a local broker Matt Forstik lost around $7000 in an investment in the Enterra Energy Co. He had made the purchase on his iphone at lunch and short sold 25000 shares. It went down and he was making a $1000 profit upon seeing that I also short selled the stock. When i reached a $2000 profit i bought to cover and made the profit. Matt being the energy expert he is decided to hold onto it and today when he opened his portfolio he found tahat the stock he short sold had risen up by 28 cents and he had lost $7000 in profit. He has decided to hold onto the share and hope that the stock will fall a great deal and he may be able to turn a profit out of it. Well lets all hope it falls because Matt will need the money since he works for a company that is going under