www.enreport.com

Demand Side:
1. “At least five Japanese-owned refineris with total capacity 1.5 million b/d (1/3rd of Japanese capacity is shutdown)” (Ref:1)
2. “Some 9.7 Gw of nuclear power generation—30% of Japan’s total nuclear power capacity and 7% of Japan’s total power generation capacity—were shut down” (Ref:1)
3. 9.7 GW= 9.7*8.000=77.6 TWh of nuclear energy should be substituted by natural gas and coal. Assuming 50% of this lost capacity to be substituted by LNG = 38.8 TWh. That much of electricity can be obtained by at least 7.09 bcm of LNG (Sources claim as much as 10 bcm)
4. Estimated additional demand of coal can be 5m-30m tonnes (Ref:2)

International Markets:
1. Natural gas prices : up 7.7% (Ref:2)
2. Oil : down 1.94% (Ref:2)
3. Coal: By April 1, previous record of $125/ton (Australia) may be topped. (Ref:2)

European Nuclear Firms:
- European energy firms like EON(-8.52%) , RWE (-%7.95), EDF (-11%) (Ref:3)
- Also check mining firms from here : Ref:3
- "German Chancellor Angela Merkel said on Tuesday that all seven of the country’s nuclear power plants which began operation before 1980 would be provisionally shut down." (Ref:5)

Finance:
- There is probably more uninsured damage in the destruction of North East Japan than in any other event in history – and uninsured damage falls sharply on banks. (Ref:4)

Ref:1 http://www.cges.co.uk/media/articles/2011/03/15/japan-quake-scrambles-market
Ref:2 http://blogs.ft.com/energy-source/2011/03/14/energy-market-disruption-in-figures/
Ref:3 http://ftalphaville.ft.com/blog/2011/03/15/514546/euro-nuclear-paralysed-and-paralysing/?utm_source=twitterfeed&utm_medium=twitter
Ref:4 http://ftalphaville.ft.com/blog/2011/03/14/513446/super-catastrophe-and-super-banking-risk
Ref:5 http://blogs.ft.com/energy-source/2011/03/15/germany-shuts-down-all-pre-1980-nuclear-plants/?utm_source=twitterfeed&utm_medium=twitter

Yesterday, I was reading that new book titled “Energy for a Sustainable World: From the Oil Age to a Sun-Powered Future” by Nicola Armaroli and Vincenzo Balzani.

The book looks pretty interesting, and the figure from “De Rebus Bellicis”( http://en.wikipedia.org/wiki/De_rebus_bellicis) is quite interesting. However what was the funny and witty(or weird) thing was the human-energy algebra done by the writers.

In Chapter 3, “Energy in History”, the writers compare the Roman society and modern society.They first assume human power like a traditional source of power in Watts(http://en.wikipedia.org/wiki/Watt) , like Watts in CFL or light bulbs. They claim:

• A (slave) people can work constantly at a rate of 50-80 W (in short bursts 800W momentarily p.29)
• Working animal ranges from 300W (oxen) to 700-800W (for good horse, p.27)

So what is the cost of modern life in terms of slaves? Answers are:

• Washing machine: 800W : 10 human slaves
• Electrical heating: 2.5 kW: 30 human slaves
• A small European Cutter: 3.5kW (work done with this cutter for one hour equals to a work done by 4 human slaves in whole day-10-12 hours I guess)
• A medium sized car: 80 kW consumes the energy equivalent to 1000 human slaves
• A Boeing 747-400 needs 80 MW to take off = 1 000 000 human slaves

And it claims, an average Italian citizen has as many as 55 energy slaves 24/7.

They also carried out a cost of energy by slave and gasoline. Since a slave can produce an amount of 800Wh in one day (in 10 hours constantly) and one liter of gasoline’s energy content is 12.9 kWh. So 1 liter of gasoline’s energy = 16 human slaves in all day. That means €0.03 for one human slave/day.

See how cheap the services granted by fossil fuels and modern technology.

Reference:

Energy for a Sustainable World, Nicola Armaroli and Vincenzo Balzani, Wiley -VCH. , 2011

http://www.amazon.com/gp/product/3527325409/ref=pd_lpo_k2_dp_sr_1?pf_rd_p=1278548962&pf_rd_s=lpo-top-stripe-1&pf_rd_t=201&pf_rd_i=0470209836&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=01TSXV71YMTZMH8Q2R6D

• "An energy crisis is coming -- likely to be triggered by oil," Hess said.
• we have already produced 1 trillion barrels and have approximately 2 trillion barrels remaining
• The energy density of today's best battery is 200 watt-hours per kilogram versus the energy density of gasoline which is 13,000 watt-hours per kilogram
• steam to oil ratio at many of the oil sands' in situ projects has dropped to 2-2.5, meaning for every unit of oil produced