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Isaac Finley

United Kingdom

Member since January 26, 2013


    asia global energy india news updates

    Barring the realization of downside risks to the global economy, growth in the Asia and the Pacific region is expected to gain momentum over the course of 2012, according to this report, and now projected at 6 percent in 2012, rising to about 6½ percent in 2013. Stronger economic and policy fundamentals have helped buffer the region's economies against the global financial crisis, by limiting adverse financial market spillovers and ameliorating the impact of deleveraging by European banks, but a sharp fall in exports to advanced economies and a reversal of foreign capital flows would have a severe impact on the region. The region's policymakers now face the difficult task of calibrating the amount of insurance needed to support stable, noninflationary growth. Some Asian and Pacific economies can afford to lengthen the pause in the normalization of their macroeconomic policies that was initiated when the global recovery stalled late in 2011; others may need a faster return to more neutral policy stances. Similarly, the pace of fiscal consolidation should be calibrated to country-specific circumstances. Additional chapters in the report discuss whether China is rebalancing and the particular challenges facing Asian low-income and small island economies.

    asia global energy india news updates


    global asia energy

    Clean Coal.

    It's a scam if there ever was one.

    We certainly learned this when President Bush's FutureGen project imploded.

    The clean coal poster child was put out to pasture after the cost of the plant climbed to $1.8 billion. And that was just to build it. But just when we thought the coast was clear, O-bonehead decided to pump another billion of your tax dollars into the FutureGen money pit. I guess he was looking to score points with environmentalists.

    But they don't want that crap, either.

    Sure, you can capture and sequester carbon, but you still have dozens of other air and water pollution issues associated with the production of coal. But that's not my hangup with this clean coal technology. There's no form of power generation that doesn't pollute in one way or another. It's the trade off we make in order to live the way we want. And that's just how it is.

    My hangup with clean coal is that it makes a ridiculously cheap form of power generation, ridiculously expensive. What's the point of burning coal if it's going to cost three to five times as much? Especially now, since natural gas is practically free at this point.

    I actually thought a lot of this clean coal nonsense had died down by now. But then I found out yesterday that Sinopec (NYSE:SHI), the largest oil refiner in Asia (by volume), is looking to invest as much as $1 billion in a new Texas clean coal ...