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Fortune Brainstorm Green 2013
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Tuesday, April 30, 2013

OIL, GAS, AND RENEWABLES: WHERE ARE WE HEADED?
The fracking gas boom continues to put pressure on wind, solar, and other renewables, not to mention coal. With gas prices extremely cheap, utilities are building more natural gas power plants than ever before. This expansion is making it hard for wind and solar, which are still more expensive than gas, to compete. What will it take for renewables to become more competitive?

Panelists:
David Crane, President and CEO, NRG Energy
David Hawkins, Director, Climate Programs, National Resources Defense Council
Andy Karsner, Executive Chairman and Founder, Manifest Energy
Marvin Odum, President, Shell Oil Co. and Director, Upstream Americas, Royal Dutch Shell

Moderator: Brian Dumaine, Fortune

Photograph by Stuart Isett/Fortune Brainstorm Green

THE BIG “GREEN” SCAM IS BLOWING UP
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Obama’s Solar Nightmare
By Ed Lasky
The Democrats have been busy the last two years, and not just reengineering the healthcare industry, restructuring the auto sector, assaulting Wall Street and the financial sector, harming our public finances. They have also been trying to transform America’s energy industry at our expense. This is Barack Obama at his worst — picking losers and winners by personal whim, donations for dollars deals, and ideological zeal.

Who have been the losers and who have been the winners? And have the winners just been taking the taxpayers for a ride while their guy has been driving the bus — with taxpayers sitting in the back?

The Obama administration has tried to kill off the oil industry. Offshore moratoriums have been unilaterally imposed by executive orders and justified using scientific panel studies that were misrepresented-if not distorted- by the administration. The drilling permitting process has been afflicted with sclerosis. Federal lands are becoming less and less available for development.

Obama does not like carbon; he boasted during the campaign that he would bankrupt coal power plants and that his policies would necessarily boost the price of power. Those words were ignored by much of the media, in thrall to the man they so wanted to win. When the rapture swept journalists into ecstasy who cared about little details here and there about Obama’s agenda?

He tried and failed to get a cap and trade bill through Congress. He warned that if that effort failed he would do another end run around Congress and rely on his Environmental Protection Agency to do his dirty work.

Who knows? Maybe Obama has personalized his gripes and made them the basis of public policy. We know how he feels about George Bush and Dick Cheney — both with strong ties to the oil industry. Maybe he just doesn’t care for the South where much of our carbon wealth is found — a Republican redoubt that he may have just written off as a political wasteland for him.

Hence, gas prices approaching dollars a gallon — and this is not yet the summer driving season that typically boosts gas prices as demand increases.

This price hike may make New York Times columnist Tom Friedman gleeful. He considers high priced gas (and Chinese authoritarianism) the answer to all ills. He writes column after column on these topics from the baronial splendor of his homes (here is a photo of one of them; he earned his fortune, by the way, by marrying it). Undoubtedly, he salves his conscience regarding the carbon footprints of his homes with checks to buy carbon credits — and writes more columns castigating us for our addiction to carbon.

But I digress.

How else have the Democrats been trying to change our power industry? By the old-fashioned way: changing the rules of the game (as noted above) and then using our tax dollars to enrich green schemers. The grand champion of spending boosts by Barack Obama and the Democratic Congress has been a 1014% boost in spending for the "Energy Efficiency and Renewable Energy Program." Then there is something called the Green Jobs Labor Fund-which did not even exist prior to 2009 and has received hundreds of millions of dollars.

But wait…there is more.

Much of the stimulus money also went toward funding green schemes, and one of the major beneficiaries have been solar power promoters. These are, in the words of Washington Post columnist Robert Samuelson, "pipe dreams." Many of the promoters and hucksters behind these "ventures" have chummy relationships with Democrats-as will be covered below.

How are these solar dreams playing out? As nightmares, at least for taxpayers.

The latest to turn off the lights is a Massachusetts venture promoted by its Governor, Deval Patrick.

From the Boston Globe:

Evergreen Solar Inc. will eliminate 800 jobs in Massachusetts and shut its new factory at the former military base in Devens, just two years after it opened the massive facility to great fanfare and with about million in taxpayer subsidies.

The company announced yesterday that it will close the plant by the end of March, calling itself a victim of weak demand and competition from cheaper suppliers in China, where the government provides solar companies with generous subsidies.

Evergreen itself has a factory in Wuhan, China, built in collaboration with a Chinese company, Jiawei Solarchina Co. Ltd., and with money from a Chinese government investment fund. The company had previously said it would shift some production from Devens to the Wuhan plant but yesterday was the first time it said Devens would be closed.

The Devens closing is a major hit to Governor Deval Patrick’s efforts to make Massachusetts a hub of the emerging clean-energy industry. The administration persuaded Evergreen to build at Devens with a package of grants, land, loans, and other aid originally valued at million. The company ended up taking about million, one of the largest aid packages Massachusetts has provided to a private company, and the governor was the featured guest at Evergreen’s ribbon-cutting in July 2008.

Governor Patrick had been criticized during his re-election campaign for providing aid to the plant during a time of economic stress. He ignored the criticism and plowed ahead. He and Barack Obama shared more than plagiarized speech lines and campaign strategist David Axelrod.

There are claw-back provisions allowing the state to recover some of the lost money. But these are mostly window dressing. Officials admit the terms are so complicated and generous that any recovery will be only a token amount. Company officials agree.

This is, of course, an outrage. Money is fungible. Evergreen used its own money to expand in China, took taxpayer dollars to take a fling in Massachusetts, and when that venture failed, just closed the doors and walked away. What a deal! Taxpayers take the risk. If the venture had succeeded, the company and its promoters and investors would have pocketed the gains; when it failed, they just walked away with nary an ounce of obligations to taxpayers. Were the lights, at least, run on solar power?

The landscape of America will be littered with these green scheme boondoggles going belly-up after gorging at the pig trough filled by American taxpayer dollars. Another taxpayer subsidized solar cell maker shut down recently in New York, for example.

Solar power subsidies have helped bankrupt the Spanish economy, and the very government officials who have peddled these schemes are backpedaling furiously to keep their jobs as their taxpayers rise in revolt. The government is slashing subsidies left and right, but may already be too late to save their economy. Meanwhile, at least one Spanish solar power company has found a temporary bandage to slow its fiscal hemorrhaging — the American taxpayer. Democratic Congressman Paul Kanjorksi, who was not reelected in November, has a nephew who "worked" for the Spanish solar company Abound. Somehow this foreign company was blessed with a 400 million dollar federal grant. Abound will probably join its rivals in Spain into ruin — the Spanish landscape will be littered with uneconomic solar power plants that will bear more than a little resemblance, metaphorically speaking, to the windmills of Miguel Cervantes Don Quixote.

Even the Spanish media have warned America that Obama is driving America off the green energy cliff. Other European governments are slashing solar tariffs as fast as they can as they to save themselves from drowning in red ink.

Does anyone believe that Barack Obama listens or that this self-declared "student of history" would learn from the Spanish tragedy? Did he listen to Larry Summer, his own resident genius (who recently left the administration) when Summers highlighted a study from the OMB and Treasury Department that found severe problems with the "economic integrity of government support for renewables"?

Only in Washington would a term such as ‘economic integrity" be used to describe a fiscally foolish program that will lead to massive problems in the future.

This tsunami of bankruptcies is headed our way.

Many of the execs and investors behind these green schemes are Democratic donors and those who have toiled in Democratic party politics for years. Solyndra was another solar scheme that received 535 million dollars in federal tax dollars. The "investment" was widely touted by the Obama administration. The firm was chock-full of investors and executives who were generous Democratic donors and activists. One of its biggest investors was a big bundler for the Obama-Biden campaign.

Solyndra also closed one of its plants and laid off workers after gouging on the aid .

But wait… there is more. The hucksterism runs rampant.

Solyandra’s auditor could not issue an opinion that would have allowed the company to go public and for its investors to cash out. The reason? Solyndra was so badly run that doubts were raised regarding its ability to continue as a going concern. The backers may have lacked much as investors and scientists. But as crony capitalists, they excelled.

A cloud is passing over these solar schemes.

They are inefficient boondoggles. They generate electric power at a cost vastly more expensive than electricity generated by natural gas (a relatively clean-burning fuel), hydro, coal — and of, course, nuclear. But the Obama administration and Democrats in Congress are on a crusade to foreclose the use of these fuels to power our nation. The Democrats are "enemies" (to use a word Obama has used to describe opponents) of natural gas development (see my column Cheap Natural Gas and its Democratic Enemies ); want to blow up dams; kill coal — the EPA is on a rampage against Big Coal; and choke off nuclear power plants by stopping the development of a repository for nuclear waste. We are being force-fed green schemes like so much spinach Michelle Obama might forcing down our gullets.

Solar power plants are inefficient and cannot survive on their own. Instead, they survive by virtue of an IV flowing from taxpayers to tax-takers. Eventually, reality catches up to fantasy and they close. Solar stocks are losers in the stock market, that harsh judge of economics.

Death panels would be better used to evaluate the values of these ventures, not the value of our lives.

Much of the stimulus money, as well as the Department of Energy budget, went toward these renewable green energy schemes. A quarter of a billion dollars (chump change in Washington; but real money to us who are paying for it) went to fund a weatherization program in Obama’s hometown of Chicago that was marked by fraud and shoddy work. That is but just one example.

The solar power schemes will become one bright, shining example of liberal politics run amok. We will be paying the price for these schemes and boondoggles for years to come. Meanwhile, the Chinese are happy that we are in hock to them as we borrow billions to pay for these fantasies and schemes. They also benefit since many of the green jobs that Obama touts happen to be in China — a nation that may be violating World Trade Organization rules when it exports solar panels (don’t believe the hype regarding China and solar power; they will sell us uneconomic solar panels but meanwhile, back at home, burn massive amounts of coal to fuel their growing economy).

The government is a notoriously bad investor when it comes to clean energy. Barack Obama and his band of zealots have very little real world business experience — and seem to disdain free enterprise. But this green energy crusade may have more than just ideological zealotry fueling its drive. Recall, Obama likes to pick winners and losers, and not just in basketball tournaments.

He hails from Chicago, after all.

Darrell Issa, now chairman of the House Oversight and Government Reform Committee, will investigate these green energy projects and get to the bottom of how we have been ripped off by green schemers and their friends in high places. He has already announced that one item on his agenda will be how the Obama administration has spent our money. He may have misspoken a bit when he called the Obama administration the most corrupt in history, but corruption there has been and he is ideally positioned to ferret it out and to prevent it from happening in the future.

Issa made his fortune creating and selling Viper car alarms.

He does not care for wrongdoers, and neither should we because we, the taxpayers, are the ones being ripped off.

Ed Lasky is news editor of American Thinker.

www.americanthinker.com/

LOL HEY KIDDIES THIS IS HOW GLOBAL WARMING REALLY WORKS (OR GLOBAL WARMING SIMPLY EXPLAINED FOR SIMPLE PEOPLE)

www.youtube.com/watch?v=cdxaxJNs15s

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Powerscourt Shopping Centre
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You should visit this attractive shop on the second floor, Powerscourt, Dublin City Centre.

According to the owner LaMoM is an Irish brand offering top quality natural and spa products at affordable prices. She supplies more than just soaps, also Pure Essential Oils, Massage Oils, Body Scrubs, Shower gels and much more.

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LaMoM Has An Interesting Selection Of Soaps
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You should visit this attractive shop on the second floor, Powerscourt, Dublin City Centre.

According to the owner LaMoM is an Irish brand offering top quality natural and spa products at affordable prices. She supplies more than just soaps, also Pure Essential Oils, Massage Oils, Body Scrubs, Shower gels and much more.

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LaMom In Powerscourt Shopping Centre
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You should visit this attractive shop on the second floor, Powerscourt, Dublin City Centre.

According to the owner LaMoM is an Irish brand offering top quality natural and spa products at affordable prices. She supplies more than just soaps, also Pure Essential Oils, Massage Oils, Body Scrubs, Shower gels and much more.

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Gas Prices in Panama
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gas prices in pittsburgh
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London Bridge, Lake Havasu City, Arizona
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The London Bridge, currently located in Lake Havasu City, Arizona, USA, was originally constructed in London, in 1831. The bridge was the last project of engineer John Rennie and completed by his son, also named John Rennie. By 1962, the bridge was not structurally sound enough to support the increased load created by the level of modern traffic crossing it, and it was sold by the City of London.

The purchaser, Robert McCulloch, was the founder of Lake Havasu and the chairman of McCulloch Oil Corporation. McCulloch was purported to have purchased the bridge to serve as a tourist attraction to his retirement real estate development at Lake Havasu City, which at that time was far off the usual tourist track. The idea was successful, bringing interested tourists and retirement home buyers to the area.

The bridge facing stones were carefully disassembled and each piece was numbered. After the bridge was dismantled it was transported to Merrivale Quarry where 150mm to 200mm was sliced off many of the original stones. These were shipped to the bridge’s present location and re-assembly began in 1968. The original stone was used to clad a concrete structure, so that the bridge is no longer the original it is modeled after.[2] The reconstruction took slightly over three years and was completed in late 1971. Today, it serves as a popular tourist attraction for the city.

It is a popular rumour that the bridge was bought in the belief that it was London’s more recognizable Tower Bridge[3][4], but this was ardently denied by McCulloch himself and has been debunked by Ivan Luckin, who sold the bridge.[5]

Recent years have seen a large amount of development in the area of the bridge to increase tourist interest, though much of the development has been met with criticism by local residents. The original "English Village", a quaint English-style open air mall with hedge maze and historical museum, has deteriorated, with sections leveled. Many compare the changes to those now seen on the American side of Niagara Falls, where ill-planned growth caused the swift decline in the desirability of the area.

en.wikipedia.org/wiki/London_Bridge_(Lake_Havasu_City)

London Bridge is a bridge between the City of London and Southwark in London, England, over the River Thames. Situated between Cannon Street Railway Bridge and Tower Bridge, it forms the western end of the Pool of London. On the south side of the bridge are Southwark Cathedral and London Bridge station; on the north side are the Monument to the Great Fire of London and Monument tube station.

It was the only bridge over the Thames downstream from Kingston until Westminster Bridge opened in 1750.

The bridge carries part of the A3 road, which is maintained by the Greater London Authority;[1] the bridge itself is owned and maintained by the Bridge House Estates (see City Bridge Trust), an independent charity overseen by the City of London Corporation.

Tower Bridge is often mistakenly referred to as London Bridge.[2] The area between London Bridge and Tower Bridge on the south side of the Thames is a Business Improvement District (BID) and is managed by Team London Bridge.[3]

A bridge has existed at or near the present site over the period from the Roman occupation of the area, nearly 2,000 years ago. The first bridge across the Thames in the London area, probably a military pontoon bridge, was built of wood by the Romans on the present site around 50 AD.

Around 55 AD, a piled bridge was constructed, and the local Britons built a small trading settlement next to it—the town of Londinium. The settlement and the bridge were destroyed in a revolt led by Queen Boudicca in 60 AD. The victory was short-lived, and soon afterwards the Romans defeated the rebels and set about building a new walled town. Some of the 2nd century Roman wall has survived to this day. The new town and bridge were built around the position of the present bridge, providing access to the south-coast ports via Stane Street (the A3 route) and Watling Street (the A2).

The bridge fell into disrepair after the Romans left. As Londinium was also abandoned, there was little need for a bridge at this point and in the Saxon period the river was a political boundary between the hostile kingdoms of Mercia and Wessex. With the impact of the Viking invasions, the reconquest of the Roman city by the kings of Wessex and its re-occupation by Alfred the Great, the political conditions arose for a Saxon bridge crossing to be placed here. However, there is no archaeological evidence for a bridge before Aethelred’s reign and his attempts to stem the Sweinian invasions of the 990s. In 1014, according to a much later skaldic tradition, the bridge was pulled down by the Norwegian prince Olaf, as he was aiding King Aethelred in what, if true, was a successful bid to divide the defending forces of the Danes who held the walled City of London plus Southwark, thereby regaining London for the Anglo-Saxon king. This episode might have inspired the well-known nursery rhyme "London Bridge is Falling Down", although the version of the song known today refers to the many bridges that were destroyed and rebuilt, and the trading done on the shops over it ("Silver and Gold") in the 14th century,[4] so the song’s origin is presumably of a much later date.

The earliest contemporary written reference to a Saxon bridge is in 1016, when it was by-passed by King Cnut’s ships in his war to regain the throne from Edmund II "Ironside". The rebuilt Norman London Bridge was destroyed in 1091 by a storm that spawned a T8/F4 tornado, which also struck St Mary-le-Bow, and is known as the London Tornado of 1091.[5] The repair or replacement of this was carried out by William II "Rufus" through forced labour, along with the works at the new St Paul’s Cathedral and the development of the Tower of London. It was destroyed yet again, this time by fire, in 1136.

By the end of the 18th century, it was apparent that the old London Bridge—by then over 600 years old—needed to be replaced. It was narrow, decrepit, and blocked river traffic. In 1799, a competition for designs to replace the old bridge was held, prompting the engineer Thomas Telford to propose a bridge with a single iron arch spanning 600 feet (180 m). However, this design was never used, owing to uncertainty about its feasibility and the amount of land needed for its construction. The bridge was eventually replaced by a structure of five stone arches, designed by engineer John Rennie. The new bridge was built 100 feet (30 m) west (upstream) of the original site by Rennie’s son (of the same name). Work began in 1824 and the foundation stone was laid, in the southern cofferdam, on 15th June 1825. The old bridge continued in use as the new bridge was being built, and was demolished after the latter opened in 1831. The scheme necessitated the building of major new approach roads, which cost three times that of the bridge itself. The total construction cost of around £2.5 million was met by the Corporation of London and government. The contractors were Jolliffe and Banks of Merstham, Surrey. A fragment from the old bridge is set into the tower arch inside St Katherine’s Church, Merstham.

Rennie’s bridge had a length of 928 feet (283 m) and a width of 49 feet (15 m). Haytor granite was used in the construction, transported via the unique Haytor Granite Tramway. The official opening took place on 1 August 1831; King William IV and Queen Adelaide attended a banquet in a pavilion erected on the bridge. The recently constructed HMS Beagle was the first ship to pass under it.

London Bridge was widened in 1902–04 from 52 to 65 feet (16 to 20 m), in an attempt to combat London’s chronic traffic congestion. A dozen of the granite "pillars" quarried and dressed for this widening, but unused, still lie near Swelltor Quarry on the disused railway track a couple of miles south of Princetown on Dartmoor. In the end, the widening work proved too much for the bridge’s foundations; it was subsequently discovered that the bridge was sinking an inch (3 cm) every eight years. By 1924, the east side of the bridge was some three to four inches (102 mm) lower than the west side; it soon became apparent that this bridge would have to be removed and replaced with a more modern one.

In 1967, the Common Council of the City of London placed the bridge on the market and began to look for potential buyers. Council member Ivan Luckin had put forward the idea of selling the bridge, and recalled: "They all thought I was completely crazy when I suggested we should sell London Bridge when it needed replacing." On 18 April 1968, Rennie’s bridge was sold to the American entrepreneur Robert P. McCulloch of McCulloch Oil for US,460,000. The claim that McCulloch believed mistakenly that he was buying the more impressive Tower Bridge was denied by Luckin in a newspaper interview. [8] As the bridge was taken apart, each piece was numbered to aid re-assembly. The bridge was reconstructed at Lake Havasu City, Arizona, and re-dedicated on 10 October 1971. The reconstruction of Rennie’s London Bridge spans the Bridgewater Channel canal that leads from Lake Havasu to Thomson Bay, and forms the centrepiece of a theme park in English style, complete with a Tudor period shopping mall. Rennie’s London Bridge has become Arizona’s second-biggest tourist attraction, after the Grand Canyon. [9]

The version of London Bridge that was rebuilt at Lake Havasu consists of a concrete frame with stones from the Old London Bridge used as cladding. The cladding stones used are 150 to 200 millimetres (6 to 8 inches) thick. The remaining stone was left at Merrivale Quarry at Princetown in Devon.[10] When Merrivale Quarry was abandoned and flooded in 2003, some of the remaining stone was sold in an online auction.[11]

One part of Rennie’s Bridge which remains is that on the south-side spanning the junction of Tooley Street and Montague Close.

en.wikipedia.org/wiki/London_Bridge

In 1968, McCulloch was searching for a unique attraction for his city, which eventually took him to London. By the early 1960s it was apparent that John Rennie’s 1831 London Bridge was gradually sinking into the River Thames and Greater London Council decided that a new bridge would need to be built. Rather than demolish the existing bridge, they decided to put the historic landmark on the auction block.

When casting his bid for the bridge, McCulloch doubled the estimated cost of dismantling the structure, which was US.2 million, bringing the price to US.4 million. He then added on US,000, a thousand dollars for each year of his age at the time he estimated the bridge would be raised in Arizona[2]. His gesture earned him the winning bid.

It took three years to complete the project. The structure was dismantled block by block, with each section marked and numbered, in much the same way the bridge was originally built. The granite pieces were stacked at the Surrey Commercial Docks, and then were shipped through the Panama Canal, to Long Beach, California. From Long Beach, the granite blocks were trucked inland 300 miles (500 km). The bridge was reassembled by matching the numbered stones and filling in the area under the bridge with mounds of desert sand to support each arch as it was reconstructed.

The reconstructed attraction was officially opened on October 10, 1971, with a gala celebration. Opening day included an elaborate fanfare: fireworks, a parade, entertainment, and celebrities, such as Bonanza’s Lorne Greene, and dignitaries such as the Lord Mayor of London. [2]

With the purchase of the bridge, McCulloch accelerated his development campaign, increasing the number of flights into the city. At the time, the airport was located on the island. The free flights to Lake Havasu lasted until 1978, and reportedly they totalled 2,702 flights, bringing in 37,000 prospective buyers.[2]

A popular, and implausible, urban legend is that McCulloch mistakenly believed that he was buying the more impressive Tower Bridge. The bridge had been heavily marketed by the London Council in an effort to sell it worldwide. Ivan Luckin, the council member who sold the bridge has always stated that London sold the bridge honestly.[3]

en.wikipedia.org/wiki/Robert_McCulloch#Purchase_of_London…

London Bridge, Lake Havasu City, Arizona
Oil Price

The London Bridge, currently located in Lake Havasu City, Arizona, USA, was originally constructed in London, in 1831. The bridge was the last project of engineer John Rennie and completed by his son, also named John Rennie. By 1962, the bridge was not structurally sound enough to support the increased load created by the level of modern traffic crossing it, and it was sold by the City of London.

The purchaser, Robert McCulloch, was the founder of Lake Havasu and the chairman of McCulloch Oil Corporation. McCulloch was purported to have purchased the bridge to serve as a tourist attraction to his retirement real estate development at Lake Havasu City, which at that time was far off the usual tourist track. The idea was successful, bringing interested tourists and retirement home buyers to the area.

The bridge facing stones were carefully disassembled and each piece was numbered. After the bridge was dismantled it was transported to Merrivale Quarry where 150mm to 200mm was sliced off many of the original stones. These were shipped to the bridge’s present location and re-assembly began in 1968. The original stone was used to clad a concrete structure, so that the bridge is no longer the original it is modeled after.[2] The reconstruction took slightly over three years and was completed in late 1971. Today, it serves as a popular tourist attraction for the city.

It is a popular rumour that the bridge was bought in the belief that it was London’s more recognizable Tower Bridge[3][4], but this was ardently denied by McCulloch himself and has been debunked by Ivan Luckin, who sold the bridge.[5]

Recent years have seen a large amount of development in the area of the bridge to increase tourist interest, though much of the development has been met with criticism by local residents. The original "English Village", a quaint English-style open air mall with hedge maze and historical museum, has deteriorated, with sections leveled. Many compare the changes to those now seen on the American side of Niagara Falls, where ill-planned growth caused the swift decline in the desirability of the area.

en.wikipedia.org/wiki/London_Bridge_(Lake_Havasu_City)

London Bridge is a bridge between the City of London and Southwark in London, England, over the River Thames. Situated between Cannon Street Railway Bridge and Tower Bridge, it forms the western end of the Pool of London. On the south side of the bridge are Southwark Cathedral and London Bridge station; on the north side are the Monument to the Great Fire of London and Monument tube station.

It was the only bridge over the Thames downstream from Kingston until Westminster Bridge opened in 1750.

The bridge carries part of the A3 road, which is maintained by the Greater London Authority;[1] the bridge itself is owned and maintained by the Bridge House Estates (see City Bridge Trust), an independent charity overseen by the City of London Corporation.

Tower Bridge is often mistakenly referred to as London Bridge.[2] The area between London Bridge and Tower Bridge on the south side of the Thames is a Business Improvement District (BID) and is managed by Team London Bridge.[3]

A bridge has existed at or near the present site over the period from the Roman occupation of the area, nearly 2,000 years ago. The first bridge across the Thames in the London area, probably a military pontoon bridge, was built of wood by the Romans on the present site around 50 AD.

Around 55 AD, a piled bridge was constructed, and the local Britons built a small trading settlement next to it—the town of Londinium. The settlement and the bridge were destroyed in a revolt led by Queen Boudicca in 60 AD. The victory was short-lived, and soon afterwards the Romans defeated the rebels and set about building a new walled town. Some of the 2nd century Roman wall has survived to this day. The new town and bridge were built around the position of the present bridge, providing access to the south-coast ports via Stane Street (the A3 route) and Watling Street (the A2).

The bridge fell into disrepair after the Romans left. As Londinium was also abandoned, there was little need for a bridge at this point and in the Saxon period the river was a political boundary between the hostile kingdoms of Mercia and Wessex. With the impact of the Viking invasions, the reconquest of the Roman city by the kings of Wessex and its re-occupation by Alfred the Great, the political conditions arose for a Saxon bridge crossing to be placed here. However, there is no archaeological evidence for a bridge before Aethelred’s reign and his attempts to stem the Sweinian invasions of the 990s. In 1014, according to a much later skaldic tradition, the bridge was pulled down by the Norwegian prince Olaf, as he was aiding King Aethelred in what, if true, was a successful bid to divide the defending forces of the Danes who held the walled City of London plus Southwark, thereby regaining London for the Anglo-Saxon king. This episode might have inspired the well-known nursery rhyme "London Bridge is Falling Down", although the version of the song known today refers to the many bridges that were destroyed and rebuilt, and the trading done on the shops over it ("Silver and Gold") in the 14th century,[4] so the song’s origin is presumably of a much later date.

The earliest contemporary written reference to a Saxon bridge is in 1016, when it was by-passed by King Cnut’s ships in his war to regain the throne from Edmund II "Ironside". The rebuilt Norman London Bridge was destroyed in 1091 by a storm that spawned a T8/F4 tornado, which also struck St Mary-le-Bow, and is known as the London Tornado of 1091.[5] The repair or replacement of this was carried out by William II "Rufus" through forced labour, along with the works at the new St Paul’s Cathedral and the development of the Tower of London. It was destroyed yet again, this time by fire, in 1136.

By the end of the 18th century, it was apparent that the old London Bridge—by then over 600 years old—needed to be replaced. It was narrow, decrepit, and blocked river traffic. In 1799, a competition for designs to replace the old bridge was held, prompting the engineer Thomas Telford to propose a bridge with a single iron arch spanning 600 feet (180 m). However, this design was never used, owing to uncertainty about its feasibility and the amount of land needed for its construction. The bridge was eventually replaced by a structure of five stone arches, designed by engineer John Rennie. The new bridge was built 100 feet (30 m) west (upstream) of the original site by Rennie’s son (of the same name). Work began in 1824 and the foundation stone was laid, in the southern cofferdam, on 15th June 1825. The old bridge continued in use as the new bridge was being built, and was demolished after the latter opened in 1831. The scheme necessitated the building of major new approach roads, which cost three times that of the bridge itself. The total construction cost of around £2.5 million was met by the Corporation of London and government. The contractors were Jolliffe and Banks of Merstham, Surrey. A fragment from the old bridge is set into the tower arch inside St Katherine’s Church, Merstham.

Rennie’s bridge had a length of 928 feet (283 m) and a width of 49 feet (15 m). Haytor granite was used in the construction, transported via the unique Haytor Granite Tramway. The official opening took place on 1 August 1831; King William IV and Queen Adelaide attended a banquet in a pavilion erected on the bridge. The recently constructed HMS Beagle was the first ship to pass under it.

London Bridge was widened in 1902–04 from 52 to 65 feet (16 to 20 m), in an attempt to combat London’s chronic traffic congestion. A dozen of the granite "pillars" quarried and dressed for this widening, but unused, still lie near Swelltor Quarry on the disused railway track a couple of miles south of Princetown on Dartmoor. In the end, the widening work proved too much for the bridge’s foundations; it was subsequently discovered that the bridge was sinking an inch (3 cm) every eight years. By 1924, the east side of the bridge was some three to four inches (102 mm) lower than the west side; it soon became apparent that this bridge would have to be removed and replaced with a more modern one.

In 1967, the Common Council of the City of London placed the bridge on the market and began to look for potential buyers. Council member Ivan Luckin had put forward the idea of selling the bridge, and recalled: "They all thought I was completely crazy when I suggested we should sell London Bridge when it needed replacing." On 18 April 1968, Rennie’s bridge was sold to the American entrepreneur Robert P. McCulloch of McCulloch Oil for US,460,000. The claim that McCulloch believed mistakenly that he was buying the more impressive Tower Bridge was denied by Luckin in a newspaper interview. [8] As the bridge was taken apart, each piece was numbered to aid re-assembly. The bridge was reconstructed at Lake Havasu City, Arizona, and re-dedicated on 10 October 1971. The reconstruction of Rennie’s London Bridge spans the Bridgewater Channel canal that leads from Lake Havasu to Thomson Bay, and forms the centrepiece of a theme park in English style, complete with a Tudor period shopping mall. Rennie’s London Bridge has become Arizona’s second-biggest tourist attraction, after the Grand Canyon. [9]

The version of London Bridge that was rebuilt at Lake Havasu consists of a concrete frame with stones from the Old London Bridge used as cladding. The cladding stones used are 150 to 200 millimetres (6 to 8 inches) thick. The remaining stone was left at Merrivale Quarry at Princetown in Devon.[10] When Merrivale Quarry was abandoned and flooded in 2003, some of the remaining stone was sold in an online auction.[11]

One part of Rennie’s Bridge which remains is that on the south-side spanning the junction of Tooley Street and Montague Close.

en.wikipedia.org/wiki/London_Bridge

In 1968, McCulloch was searching for a unique attraction for his city, which eventually took him to London. By the early 1960s it was apparent that John Rennie’s 1831 London Bridge was gradually sinking into the River Thames and Greater London Council decided that a new bridge would need to be built. Rather than demolish the existing bridge, they decided to put the historic landmark on the auction block.

When casting his bid for the bridge, McCulloch doubled the estimated cost of dismantling the structure, which was US.2 million, bringing the price to US.4 million. He then added on US,000, a thousand dollars for each year of his age at the time he estimated the bridge would be raised in Arizona[2]. His gesture earned him the winning bid.

It took three years to complete the project. The structure was dismantled block by block, with each section marked and numbered, in much the same way the bridge was originally built. The granite pieces were stacked at the Surrey Commercial Docks, and then were shipped through the Panama Canal, to Long Beach, California. From Long Beach, the granite blocks were trucked inland 300 miles (500 km). The bridge was reassembled by matching the numbered stones and filling in the area under the bridge with mounds of desert sand to support each arch as it was reconstructed.

The reconstructed attraction was officially opened on October 10, 1971, with a gala celebration. Opening day included an elaborate fanfare: fireworks, a parade, entertainment, and celebrities, such as Bonanza’s Lorne Greene, and dignitaries such as the Lord Mayor of London. [2]

With the purchase of the bridge, McCulloch accelerated his development campaign, increasing the number of flights into the city. At the time, the airport was located on the island. The free flights to Lake Havasu lasted until 1978, and reportedly they totalled 2,702 flights, bringing in 37,000 prospective buyers.[2]

A popular, and implausible, urban legend is that McCulloch mistakenly believed that he was buying the more impressive Tower Bridge. The bridge had been heavily marketed by the London Council in an effort to sell it worldwide. Ivan Luckin, the council member who sold the bridge has always stated that London sold the bridge honestly.[3]

en.wikipedia.org/wiki/Robert_McCulloch#Purchase_of_London…

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IMG_0189
Oil Price

speaking of jumping (funny yall), i did a correlation study regarding oil prices and the stock market back in my finance days – i swear it’s almost perfectly inverse… any body else watching the financial house of cards unraveling and pondering the future?

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World Bank President Zoellick speaks at Peterson Institute of International Economics about the lessons from instability in the Middle East
Oil Price

April 6, 2011 – Turmoil in the Middle East has rattled financial markets, caused a spike in oil prices and cast a shadow over the regional and global economy. On April 6, 2011, Robert B. Zoellick, President of the World Bank, spoke in Washington, D.C. about the lessons from the instability for the region, for the world, and for development institutions. This was Zoellick’s major presentation prior to the 2011 Spring Meetings of the World Bank and the International Monetary Fund.
Photo: Simone D. McCourtie / World Bank

Photo ID: 040611-RBZPeterson_100F World Bank

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Fortune Brainstorm Green 2013
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Tuesday, April 30, 2013

OIL, GAS, AND RENEWABLES: WHERE ARE WE HEADED?
The fracking gas boom continues to put pressure on wind, solar, and other renewables, not to mention coal. With gas prices extremely cheap, utilities are building more natural gas power plants than ever before. This expansion is making it hard for wind and solar, which are still more expensive than gas, to compete. What will it take for renewables to become more competitive?

Panelists:
David Crane, President and CEO, NRG Energy
David Hawkins, Director, Climate Programs, National Resources Defense Council
Andy Karsner, Executive Chairman and Founder, Manifest Energy
Marvin Odum, President, Shell Oil Co. and Director, Upstream Americas, Royal Dutch Shell

Moderator: Brian Dumaine, Fortune

Photograph by Stuart Isett/Fortune Brainstorm Green

Fortune Brainstorm Green 2013
Oil Price

Tuesday, April 30, 2013

OIL, GAS, AND RENEWABLES: WHERE ARE WE HEADED?
The fracking gas boom continues to put pressure on wind, solar, and other renewables, not to mention coal. With gas prices extremely cheap, utilities are building more natural gas power plants than ever before. This expansion is making it hard for wind and solar, which are still more expensive than gas, to compete. What will it take for renewables to become more competitive?

Panelists:
David Crane, President and CEO, NRG Energy
David Hawkins, Director, Climate Programs, National Resources Defense Council
Andy Karsner, Executive Chairman and Founder, Manifest Energy
Marvin Odum, President, Shell Oil Co. and Director, Upstream Americas, Royal Dutch Shell

Moderator: Brian Dumaine, Fortune

Photograph by Stuart Isett/Fortune Brainstorm Green

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#7 Gas station price sign
gas prices

For the awesome Love Long and Prosper Photo Scavenger Hunt

www.lovelongandprosper.com

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World Bank President Zoellick speaks at Peterson Institute of International Economics about the lessons from instability in the Middle East
Oil Price

April 6, 2011 – Turmoil in the Middle East has rattled financial markets, caused a spike in oil prices and cast a shadow over the regional and global economy. On April 6, 2011, Robert B. Zoellick, President of the World Bank, spoke in Washington, D.C. about the lessons from the instability for the region, for the world, and for development institutions. This was Zoellick’s major presentation prior to the 2011 Spring Meetings of the World Bank and the International Monetary Fund.
Photo: Simone D. McCourtie / World Bank

Photo ID: 040611-RBZPeterson_136F World Bank

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Fortune Brainstorm Green 2013
Oil Price

Tuesday, April 30, 2013

OIL, GAS, AND RENEWABLES: WHERE ARE WE HEADED?
The fracking gas boom continues to put pressure on wind, solar, and other renewables, not to mention coal. With gas prices extremely cheap, utilities are building more natural gas power plants than ever before. This expansion is making it hard for wind and solar, which are still more expensive than gas, to compete. What will it take for renewables to become more competitive?

Panelists:
David Crane, President and CEO, NRG Energy
David Hawkins, Director, Climate Programs, National Resources Defense Council
Andy Karsner, Executive Chairman and Founder, Manifest Energy
Marvin Odum, President, Shell Oil Co. and Director, Upstream Americas, Royal Dutch Shell

Moderator: Brian Dumaine, Fortune

Photograph by Stuart Isett/Fortune Brainstorm Green

Fortune Brainstorm Green 2013
Oil Price

Tuesday, April 30, 2013

OIL, GAS, AND RENEWABLES: WHERE ARE WE HEADED?
The fracking gas boom continues to put pressure on wind, solar, and other renewables, not to mention coal. With gas prices extremely cheap, utilities are building more natural gas power plants than ever before. This expansion is making it hard for wind and solar, which are still more expensive than gas, to compete. What will it take for renewables to become more competitive?

Panelists:
David Crane, President and CEO, NRG Energy
David Hawkins, Director, Climate Programs, National Resources Defense Council
Andy Karsner, Executive Chairman and Founder, Manifest Energy
Marvin Odum, President, Shell Oil Co. and Director, Upstream Americas, Royal Dutch Shell

Moderator: Brian Dumaine, Fortune

Photograph by Stuart Isett/Fortune Brainstorm Green

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World Bank President Zoellick speaks at Peterson Institute of International Economics about the lessons from instability in the Middle East
Oil Price

April 6, 2011 – Turmoil in the Middle East has rattled financial markets, caused a spike in oil prices and cast a shadow over the regional and global economy. On April 6, 2011, Robert B. Zoellick, President of the World Bank, spoke in Washington, D.C. about the lessons from the instability for the region, for the world, and for development institutions. This was Zoellick’s major presentation prior to the 2011 Spring Meetings of the World Bank and the International Monetary Fund.
Photo: © Simone D. McCourtie / World Bank

Photo ID: 040611-RBZPeterson_192F World Bank

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World Bank President Zoellick speaks at Peterson Institute of International Economics about the lessons from instability in the Middle East
Oil Price

April 6, 2011 – Turmoil in the Middle East has rattled financial markets, caused a spike in oil prices and cast a shadow over the regional and global economy. On April 6, 2011, Robert B. Zoellick, President of the World Bank, spoke in Washington, D.C. about the lessons from the instability for the region, for the world, and for development institutions. This was Zoellick’s major presentation prior to the 2011 Spring Meetings of the World Bank and the International Monetary Fund.

Photo: Simone D. McCourtie / World Bank

Photo ID: 040611-RBZPeterson_160F World Bank

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World Bank President Zoellick speaks at Peterson Institute of International Economics about the lessons from instability in the Middle East
Oil Price

April 6, 2011 – Turmoil in the Middle East has rattled financial markets, caused a spike in oil prices and cast a shadow over the regional and global economy. On April 6, 2011, Robert B. Zoellick, President of the World Bank, spoke in Washington, D.C. about the lessons from the instability for the region, for the world, and for development institutions. This was Zoellick’s major presentation prior to the 2011 Spring Meetings of the World Bank and the International Monetary Fund.
Photo: Simone D. McCourtie / World Bank

Photo ID: 040611-RBZPeterson_103F World Bank

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World Bank President Zoellick speaks at Peterson Institute of International Economics about the lessons from instability in the Middle East
Oil Price

April 6, 2011 – Turmoil in the Middle East has rattled financial markets, caused a spike in oil prices and cast a shadow over the regional and global economy. On April 6, 2011, Robert B. Zoellick, President of the World Bank, spoke in Washington, D.C. about the lessons from the instability for the region, for the world, and for development institutions. This was Zoellick’s major presentation prior to the 2011 Spring Meetings of the World Bank and the International Monetary Fund.
Photo: Simone D. McCourtie / World Bank

Photo ID: 040611-RBZPeterson_102F World Bank

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Ted
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Another airline which is closing down thanks to the surge in oil prices and a troubled economy. United is even withdrawing its FLL and PBI flights.

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Bernard Mannes Baruch
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Bernard Mannes Baruch, 1960 by Douglas Granville Chandor, Oil on canvas

A Wall Street financier who made millions speculating on commodities, Bernard Baruch believed that governments had a limited but salutary role to play in stabilizing markets and prices. Beginning with the presidency of Woodrow Wilson, Baruch’s political connections, manipulation of the press, and financial contributions to senators and presidents enabled him to assume the role of éminence grise in the Democratic Party. Baruch initially played an important role in Roosevelt’s early New Deal, later rejecting FDR’s ambitious public works programs, and then with World War II resumed his role as "adviser to presidents." As with Wilson during World War I, he became the administration’s public spokesman and chaired committees dealing with war production. Baruch retained his influence under Truman, serving as U.S. ambassador to the UN Atomic Energy Commission, but would lose his role as "political kingmaker" soon afterward.

Baba Ghannouj
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Puree of eggplant, tahini, lemon juice, and garlic with olive oil. Portion is rather small for its price but it’s really fresh and delightful.

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World Bank President Zoellick speaks at Peterson Institute of International Economics about the lessons from instability in the Middle East
Oil Price

April 6, 2011 – Turmoil in the Middle East has rattled financial markets, caused a spike in oil prices and cast a shadow over the regional and global economy. On April 6, 2011, Robert B. Zoellick, President of the World Bank, spoke in Washington, D.C. about the lessons from the instability for the region, for the world, and for development institutions. This was Zoellick’s major presentation prior to the 2011 Spring Meetings of the World Bank and the International Monetary Fund
Zoellick speaks with C. Fred Bergsten of the Peterson Institute.
Photo: Simone D. McCourtie / World Bank

Photo ID: 040611-RBZPeterson_026F World Bank

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Stove
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Traditional coal fueled stove. A good alternative for the high oil price condition. Or is it?

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Grand Bend Strip – June 25, 2008 – Gas Prices Tourism 2673
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Grand Bend, Ontario – How are gas prices affecting visitors to Grand Bend?

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Fortune Brainstorm Green 2013
Oil Price

Tuesday, April 30, 2013

OIL, GAS, AND RENEWABLES: WHERE ARE WE HEADED?
The fracking gas boom continues to put pressure on wind, solar, and other renewables, not to mention coal. With gas prices extremely cheap, utilities are building more natural gas power plants than ever before. This expansion is making it hard for wind and solar, which are still more expensive than gas, to compete. What will it take for renewables to become more competitive?

Panelists:
David Crane, President and CEO, NRG Energy
David Hawkins, Director, Climate Programs, National Resources Defense Council
Andy Karsner, Executive Chairman and Founder, Manifest Energy
Marvin Odum, President, Shell Oil Co. and Director, Upstream Americas, Royal Dutch Shell

Moderator: Brian Dumaine, Fortune

Photograph by Stuart Isett/Fortune Brainstorm Green

Fortune Brainstorm Green 2013
Oil Price

Tuesday, April 30, 2013

OIL, GAS, AND RENEWABLES: WHERE ARE WE HEADED?
The fracking gas boom continues to put pressure on wind, solar, and other renewables, not to mention coal. With gas prices extremely cheap, utilities are building more natural gas power plants than ever before. This expansion is making it hard for wind and solar, which are still more expensive than gas, to compete. What will it take for renewables to become more competitive?

Panelists:
David Crane, President and CEO, NRG Energy
David Hawkins, Director, Climate Programs, National Resources Defense Council
Andy Karsner, Executive Chairman and Founder, Manifest Energy
Marvin Odum, President, Shell Oil Co. and Director, Upstream Americas, Royal Dutch Shell

Moderator: Brian Dumaine, Fortune

Photograph by Stuart Isett/Fortune Brainstorm Green

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Why are gas prices at summer levels?
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Posted via email from Jim Duncan’s musings

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LaMom In Powerscourt Shopping Centre
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You should visit this attractive shop on the second floor, Powerscourt, Dublin City Centre.

According to the owner LaMoM is an Irish brand offering top quality natural and spa products at affordable prices. She supplies more than just soaps, also Pure Essential Oils, Massage Oils, Body Scrubs, Shower gels and much more.

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