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[Editor’s Note: Money Morning recently conducted a Q&A with Dr. Kent Moors on the future of energy. Dr. Moors last wrote about Marcellus Gas Shale, a new energy-sector profit play.]

By Kent Moors, Ph.D.
Contributing Editor
Money Morning

A new fuel technology – unveiled just two weeks ago – is about to revolutionize the energy business.

I saw it firsthand.

General Electric Co. (NYSE: GE) asked me to present “The Future of Natural Gas” at the company’s Gas Turbine Symposium in Greenville, S.C. That’s where GE revealed a new generation of its market-leading turbine technology.

Most of GE’s major North American power-production end users attended the event. And the proceedings were simulcast to GE research centers in Munich, Bangalore, and Shanghai.

They made a fuss about this new technology for a reason: A change is coming to electricity production – a big one. The power-plant managers, technicians and government observers at the symposium knew this.

A confluence of market conditions, technical advances and politics right now is ushering in the next generation of power stations. The low price of natural gas – combined with the unlocking of unconventional gas production in the United States – is one reason. But the ongoing concerns over the role played by carbon emission caps and trade provisions in pending legislation may be a more pressing consideration.

The U.S. Senate is reviewing the Clean Energy Jobs and American Power Act, better known as the “Climate Bill.” It will no doubt impact coal-powered generation. That, of course, makes gas turbines a more significant energy option.

And GE knows turbines.

Indeed, its turbine center in Greenville is the largest in the world. And the “integrated gasification combined-cycle” (IGCC) technology GE is making now is changing everything.

It’s even creating opportunities for other businesses – companies developing, fabricating and servicing/supplying turbines. They’re becoming compelling targets for investors.

First, here’s why GE’s technology is so significant…

The Energy is Clean and Powerful

IGCC technology is a product of GE’s “ecomagination” overture.

It takes low-value fuel – coal, petroleum coke, extra-heavy oil or bitumen (also called orimulsion), biomass or even municipal waste – and turns it into a high-hydrogen-content gas. The gas is then used as fuel in a turbine system to generate power.

The transition removes fuel sources having a high carbon footprint and replaces them with a less environmentally suspect source of power.
This is huge, since most people in the industry see the writing on the wall.

While coal and natural gas each provide about 23% of total current U.S. energy, coal is under greater pressure as carbon emissions face greater scrutiny by lawmakers.

With the U.N. Copenhagen energy summit approaching next month, there may just be enough political pressure from the White House for the passage of the Climate Bill. Yet even if there is a delay in the legislation, carbon concerns will remain. Coal-state senators are busy trying to grandfather existing coal power plants at home under whatever provisions emerge in the law – another clear indication higher carbon accountability is on the horizon.    
That’s great news for the IGCC market, of course, which GE’s been in for two decades now. Business is picking up – big time.

On Oct. 29, the company announced the signing of a technical agreement for a new 250-megawatt IGCC power plant in Kern County, Calif., near Bakersfield. The plant will be built by a joint venture of the BP PLC (NYSE ADR: BP) Alternative Energy division and the hydrogen project unit of international mining major Rio Tinto PLC (NYSE ADR: RTP). It is also the first of five worldwide to result from a 2007 joint venture between GE and BP.
Expect more of these ventures globally as environmentally friendly technologies obtain political support.

The new plant will join IGCC facilities GE already built in California (Coolwater in Barstow) and Florida (Polk in Tampa). The company is also providing the technology for the Duke Energy Corp. (NYSE: DUK) plant in Edwardsport, Ind., which will be the largest IGCC facility in the world upon reaching commercial operation in 2012.

In total, GE has constructed some 70 gasification facilities of various types worldwide – so far. About 40 of these are already separating carbon using available commercial technology. 

This market will be growing quickly.

A Range of New Investment Options

While I was in Greenville, I had a chance to see the new gas turbine technologies in development and review operations at the GE manufacturing and testing plants. I also discussed the technical breakthroughs and challenges with GE’s top turbine executives.

We are just beginning to see some of the potential for this new direction in power production. And it is going to bring with it a range of new investment options.

First, in addition to a more positive environmental impact, there are profitable secondary applications resulting from IGCC and related gas turbine uses. For example, the Kern County plant will capture 90% of its carbon emissions and pipe them to enhance recovery at nearby oil fields. Word is, this plant will be the first in a new generation of IGCC applications to generate additional revenue streams from the carbon capture and sequestration process. The carbon dioxide will increase production (and therefore profitability) at what are now mature crude oil extraction sites.

Second, the new IGCC applications will spawn a number of new spin-off opportunities. The process significantly reduces emissions such as sulfur dioxide, nitrous oxide, mercury and particulate matter, while at the same time decreasing water consumption by as much as 30% in comparison to conventional coal-powered plants. Each of these advances will provide markets for a range of new, smaller, more-focused, technically based service, application and new product providers. What used to be waste is now a value-added product stream.

Third, the increasing market presence will assist companies in addition to GE and the electricity providers. New targeted applications are quickly developing in support of the transition to IGCC and other turbine applications. Providing services and parts (the so-called “aftermarket”) is currently controlled by the big boys – GE and its main turbine-producing competitors: Pratt & Whitney [a division of United Technologies Corp. (NYSE: UTX)], Rolls-Royce Group PLC (OTC ADR: RYCEY) and Siemens AG (NYSE ADR: SI).

However, several smaller companies will profit from the turbine breakthroughs.

At the head of this list are upstarts like Gas Turbine Efficiency PLC (PINK: GTBEF). It’s an Orlando-based company specializing in customer products and services for the entire line of GE gas turbines, including the Frame 7EA and newly unveiled 7FA lines – certain to be the center for an expansion of turbine usage worldwide.

Another is Dynamic Turbine LLC of Norcross, Ga. The company makes turbine blades, already approaching a $4 billon-a-year parts-and-services market to the turbine industry. Currently a privately held company, my sources tell me Dynamic Turbine is likely to expand into an integrated outfit by acquiring a recently closed foundry outside Phoenix. That will require a working capital infusion, which means an initial public offering (IPO) or private placement.  

This is rapidly developing into an exciting “next stage” in energy. Now that the technology is available – and companies are employing it – there’s considerable upside potential. All the way from product development to service and support.

[Editor’s Note: Dr. Kent Moors, now a regular contributor to Money Morning, is the executive managing partner of Risk Management Associates International LLP, a full-service global management consulting and executive training firm. He is an internationally recognized expert in global risk management, oil/natural gas policy and finance, cross-border capital flows, emerging market economic and fiscal development, political, financial and market risk assessment, as well as new techniques in energy risk management.

Dr. Moors has been an advisor to the highest levels of the U.S., Russian, Kazakh, Bahamian, Iraqi and Kurdish governments, to the governors of several U.S. states and the premiers of two Canadian provinces, a consultant to private companies, financial institutions and law firms in 25 countries and has appeared more than 1,400 times as a featured television and radio commentator in North America, Europe and Russia. He has appeared on ABC, BBC, Bloomberg TV, CBS, CNN, NBC,  Russian RTV, and regularly on Fox Business Network. ]

News and Related Story Links:

• Money Morning Q&A With Kent Moors:
  A Money Morning Interview: The Future of Energy.
• Money Morning Special Investment Report:
  Marcellus Shale Gas: The Energy Sector’s Next Major Profit Play.
• GEReports Video owering Up Production (Turbine Technology).
• Money Morning Special Report:Two Ways to Profit From the Obama Administration’s Energy Dilemma.
• Senate.gov:
  Clean Energy Jobs and American Power Act.
• Wikipedia:
  Integrated Gasification Combined-Cycle” (IGCC) Technology.
• General Electric:
  “Ecomagination.”
• Wikipedia:
  Orimulsion.
• Copehagen/Cop15:
  A Copenhagen deal will change the investment pattern.
• Wikipedia:
  Biomass.
• BP PLC:Alternative Energy Business.
• Wikipedia:
  Initial Public Offering.
• GE News:
  GE Technology Selected for IGCC Project in Southern California.
• Gasification.org:What is Gasification?
• Dynamic Turbine LLC:
  Official Web Site.
• Investopedia rivate Placement.

Petroleum Fuels Manufacturing Handbook: Including Specialty Products and Sustainable Manufacturing Techniques | McGraw-Hill Professional | 2009-08-11 | ISBN: 0071632409 | 464 pages | PDF |

Written by a global expert in petroleum engineering, this is the most up-to-date and comprehensive handbook on the manufacturing, blending, and end uses of petroleum fuels and specialty products. This definitive volume contains in-depth technical information on petroleum processing as well as specifications and test methods for petroleum products. The latest sustainable manufacturing techniques designed to reduce atmospheric pollution and conserve petroleum feedstock are also covered. This is an essential resource for anyone involved in the manufacturing, blending, storage, and trading of petroleum fuels and specialty products.

Petroleum Fuels Manufacturing Handbook covers:

* Liquefied petroleum gas
* Naphtha
* Gasoline
* Kerosene
* Diesel fuels
* Residual fuel oils
* Bitumen
* Petroleum coke
* Carbon black
* Lubricant base stocks
* Lubricating oils and greases
* Synthetic lubricants
* Turbine oils
* Re-refined used oil
* Waxes
* Metalworking fluids
* Metal finishing quenchants
* Hydraulic fluids
* Pesticides
* Hydrocarbon solvents
* Refrigeration gases
* Transformer oils
* Mineral oils

Buy at Amazon US; UK; DE:

Table of Contents

Part 1: Petroleum Fuels

Chapter 1. Liquefied Petroleum Gas
Chapter 2. Naphtha
Chapter 3. Gasoline
Chapter 4. Kerosene
Chapter 5. Diesel Fuels
Chapter 6. Residual Fuel Oils

Part 2: Petroleum Specialty Products

Chapter 7. Bitumen
Chapter 8. Petroleum Coke
Chapter 9. Carbon Black
Chapter 10. Lube Base Stocks
Chapter 11. Lubricating Oil Blending
Chapter 12. Synthetic Lubricants
Chapter 13. Turbine Oils
Chapter 14. Used Oil Re-Refining
Chapter 15. Lubricating Greases
Chapter 16. Waxes
Chapter 17. Metalworking Fluids
Chapter 18. Metal Finishing Quenchants
Chapter 19. Hydraulic Fluids
Chapter 20. Petroleum Products as Pesticides
Chapter 21. Hydrocarbon Solvents
Chapter 22. Refrigeration Gases
Chapter 23. Transformer/Electrical Insulating Oils
Chapter 24. White Mineral Oils
Appendix
Index

Surinder Parkash, Ph.D., has over three decades of experience in petroleum refining and the related fields of process design, refinery operational planning, international marketing, and project planning. He has worked with many well-known companies and organizations such as Indian Institute of Petroleum, Iraq National Oil Company, Bahrain National Oil Company, and Kuwait National Petroleum Company. Dr. Parkash is the author of Petroleum Refining Handbook, published by Gulf Professional Publishing. At present, he is president of NAFT-ASIA (www.naft-asia.com), an independent consulting firm.

Download;

http://uploading.com/files/4ba18b29/0071632409_Petroleum_Fuels1.rar/
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This week at Fast Company, we looked at BP's move into next-generation biofuels, a plan to grow algae quickly and efficiently in abandoned mines, EnerDel's hybrid makeover of the Humvee, and the world's tallest green building.

BP has long used the tagline “Beyond Petroleum.” Now that the oil company is betting big on cellulosic ethanol, could it finally be moving past the slick stuff?

Traditionally, algae for biofuels is grown in sunlight. But a group of researchers from the Missouri University of Science and Technology think that the most efficient way to grow algae might be in the dark, cold depths of abandoned mines.

The Army's Humvee vehicle is clunky and energy-intensive, but that hasn't stopped lithium-ion maker EnerDel from giving the vehicle a $1.29 million makeover.

Want to take a trip to the world's tallest green building? Look no further than Taipei 101, a 101-story skyscraper in Taiwan that is gunning for a LEED Gold rating.

Fast Company sets the agenda, charting the evolution of business through a unique focus on the most creative individuals sparking change in the marketplace

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If you are an older woman and you have learned that you have osteoporosis, don’t panic! There are several things that you can do to halt or minimize the progression of this disease. However, it is important to give a word of wisdom on the steps that any woman can do to help prevent this disease. The symptoms of osteoporosis are not the typical in your face signs that you might recognize in other conditions, such as a sudden growth, or even chest pain that can signal other gastro or heart related disease. No matter the age, every female should be aware of the different influences which include the medicinal and medical diseases associated with the development of osteoporosis. Remember treatment with medications can go a long way in coping with the effects of osteoporosis. Also, taking steps early can lessen the severity because of an informed mind about prevention. What is Osteoporosis? The word osteoporosis means a thinning of bone. But it does not begin with the exterior of the bone. The lack of calcium, phosphorus and other need minerals are what begin to break the bone down internally, this occurs because of a multitude of reasons. It can be compared by analogy to the building material industry. For example, when steel is used to support a structure, and it is exposed to the elements of rain over a continual time frame, rust will begin to set in and eventually corrode the outside and weakening the frame, allowing for collapse. However, with osteoporosis the opposite point of origin for deterioration begins – from the inside! Signs and Symptoms The danger of the early stages of osteoporosis is that it goes un-noticed, and therefore un-treated. Whether osteoporosis is caused by treatment with medications for other diseases, the effects of disease there are some overt symptoms that do occur once the bones are beginning to be affected by osteoporosis. Some of the later signs are: o A shorting in height because the bones are becoming depressed from loosing mass in the neck, spinal vertebra and hips. A noticeable stooping and the osteoporosis hump will begin to develop in the upper mid back area. Constant back pain will accompany the continuing deterioration. o Continual fractures or breaks of bone anywhere in the body, especially in the wrist, hips or feet. General Exposure Risks Knowing what to look for concerning your potential risk of developing osteoporosis is the first step toward halting its progression if it does develop. Some of the general causes are: o Gender – Because women are born with lower bone mass, live longer and will go through menopause, they are more inclined to develop osteoporosis. o Age o Genetics/Family History – If there is a family member that has developed it, you are at a higher risk, for example a mother, grandmother or older sibling. o Tobacco Use o Menstrual Issues – If problems occur such as earlier or later than normal menstruation, fluctuations in cycles, or a decrease or stoppage in cycles because of surgery before your mid forties you are at risk. o Alcoholism – Alcohol prevents the bones ability to absorb vitamin D and other essential minerals. Also, alcohol raises blood pressure and increases kidney function whereby the loss of calcium is flushed from the body quickly, preventing a lack of absorption. o Chronic Caffeine Consumption o Lack of Vitamin D Medical Risks There are many conditions that require certain medications which interfere with bone mass, and the deterioration that leads to osteoporosis. Some conditions occur earlier in the life span of a woman, or disease later in life. However, a general knowledge of the different diseases, medicinal treatments, and their potential effects for the development of osteoporosis or its progression, is the key to a longer life and a healthier one too. Here are a few conditions and medications that you will want to talk with your specialist or family physician about concerning osteoporosis. o Hyperthyroidism o Liver or Kidney Disease o Diabetes I o Cronh’s Disease o Cushing’s Disease o Use of corticoids such as Prednisone for arthritic diseases such as Lupus or Scleroderma o Use of the drug Methotrexate for cancer or arthritic disease o Use of blood thinners such as Heparin for heart disease o Use of diuretics for heart, kidney or asthma disease such as Lasix o Menopause either surgically or naturally occurring, and the lack of hormonal replacement therapy (HRT) Medications which Promote Healthy Bones So, what can you do to promote health bones and ward off the debilitating effects of osteoporosis? There are numerous drugs on the market that can slow the damaging effects of this disease for those that already have symptoms and are unable to take HRT. Listed are the drugs used to fight bone thinning. o Tamoxifen o Raloxifene o Statins o Calcitonin o Bisphosphonates Personal Plan of Attack on Osteoporosis Even if you already have osteoporosis there are certain things that you can do to help you adjust and cope with everyday life. Remember all of these tips are good for you even if you do not have osteoporosis, and will help ward off the intensity of the disease if you do develop it later. Here are a few tips. o Continue to obtain correct amounts of calcium and vitamin D o Exercise as directed by your physician o Stop smoking o Stop consuming alcohol o Stop drinking caffeine o Eat a well diet o Manage your pain o Prevent falls which will further damage bones and mass This is Personal Advanced technologies and understanding in medicine, science and the advent of the information generation have allowed women to learn about their bodies and increase life spans. Our goal should be to take control so we can live happily and pass on our knowledge and experience to the younger women in our lives. Thank goodness you do not have to live as your grandmother did because of a lack of knowledge in medicine or treatment. Osteoporosis is not you, nor does it control you! Learn and be informed because it’s personal – it’s about you.

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