Heat lingers, but relief on the way

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Source: http://news.yahoo.com/blogs/lookout/heat-wave-u-relief-182307611.html

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4 Chinese miners rescued after 3 days underground

Liu Yunqing, the first miner rescued, is carried out on a stretcher from the flooded pit of Qielichong colliery in Sandu Township of Leiyang City, central China's Hunan Province, on Sunday, July 8, 2012. Chinese rescuers pulled to safety the first three of about a dozen miners trapped underground for more than three days in the flooded coal mine pit. (AP Photo/Xinhua, Bai Yu) NO SALES

Liu Yunqing, the first miner rescued, is carried out on a stretcher from the flooded pit of Qielichong colliery in Sandu Township of Leiyang City, central China's Hunan Province, on Sunday, July 8, 2012. Chinese rescuers pulled to safety the first three of about a dozen miners trapped underground for more than three days in the flooded coal mine pit. (AP Photo/Xinhua, Bai Yu) NO SALES

In this photo released by China's Xinhua News Agency, medical workers give first-aid treatment to Liu Yunqing, the first miner rescued, on an ambulance outside the flooded pit of Qielichong colliery in Sandu Township of Leiyang City, central China's Hunan Province, on Sunday, July 8, 2012. Chinese rescuers pulled to safety the first three of about a dozen miners trapped underground for more than three days in the flooded coal mine pit. (AP Photo/Xinhua, Bai Yu) NO SALES

BEIJING (AP) ? Rescuers on Sunday pulled to safety four of about a dozen miners trapped underground for more than three days in a flooded coal mine pit in central China, while seven workers in another mine were killed by an outburst of gas.

A coal mine safety bureau official in central Hunan province said four miners were lifted to the ground early Sunday in Leiyang city. The rescue of the fourth miner was shown live on state broadcaster CCTV's news channel. Rescuers in orange suits and helmets lifted out the man on a stretcher past an applauding crowd of workers and rescuers.

At another coal mine in the same province, a gas explosion killed seven workers Sunday morning in the city of Lianyuan, the official Xinhua News Agency said. Thirty-nine other workers managed to escape and an investigation into the cause of the accident is under way, the report said.

Calls to the Lianyuan city work safety bureau rang unanswered Sunday.

The Leiyang mine flood had trapped 16 workers on Wednesday and 11 of them were confirmed alive on Saturday, said the provincial official who refused to give his name as is customary.

Many of the miners still underground were injured and receiving first aid treatment from medical personnel who had entered the pit with stretchers and equipment, according to Xinhua.

The flood in the coal mine occurred when 40 miners were working underground, and two dozen escaped, Xinhua said.

But managers of the mine failed to report the accident in the required time, causing rescue efforts to be delayed at least 12 hours, the agency reported. Mine managers often do so to buy time and avoid punishment by either rescuing miners themselves or covering up the accident.

The survivors have been sent to hospital while the mine owner, Liu Yaping, is under police custody, Xinhua said.

Mine floods usually occur when miners drill through to an abandoned shaft that has been allowed to fill with water. Along with gas explosions and cave-ins, they make China's coal mines the world's deadliest, although the death rate has fallen.

Safety improvements have cut annual fatalities by about one-third from a high of 6,995 in 2002. That improvement has come despite a tripling in the output of coal that generates most of China's electrical power.

Technological advances, better training and the closing of the most dangerous, small-scale mining operations have also made rescues more successful, even after several days.

In April 2010, 115 miners were pulled from a flooded mine in the northern province of Shanxi after more than a week underground. The miners survived by eating sawdust, tree bark, paper and even coal. Some strapped themselves to the walls of the shafts with their belts to avoid drowning while they slept.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-07-08-China-Miners%20Freed/id-e0b340763b2d4c72863102497a822e32

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Norway: A Political Risk Lesson For Oil

Oil markets are riddled with geopolitical risk. A sanctions hit Iran, a broken Iraq, a fiesty Venezuela, a corrupt Angola, a restless Russia, a worried Saudi Arabia ? we know the narrative well. But what markets continually overlook is the idea that political risk can be just as acute, if not more deadly in the most developed states of all. The latest workers strike in Norway provides a perfect example.

While all eyes were on the Middle East to see how sanctions deadlines played out, the oil price didn?t budge an inch. Any trader worth their salt would claim they had that one comfortably priced in; but when a bunch of fed-up workers in Oslo demand retirement at 62 with full pensions rights, the oil price shoot straight back to $102/b. We now face the prospect of 2mb/d of high quality, low-sulphur Norwegian production being shut in. Truly explosive stuff for the supply-demand balance. No one saw it coming.

The strike has already clipped Norwegian output by 15% with nine platforms being taken offline. The Norwegian Oil Industry Association hardly helped the situtation by threatening to end all national production if the strike wasn?t called off by midnight tonight (9th July). Someone will have to blink first, and the chances are, it?s going to be the Labour led Norwegian government to come up with a compromise solution. If they don?t, things are deemed so bad, that the International Energy Agency will step in to release the strategic petroleum reserve to offset any shortages.

That?s probably worth repeating just in case it didn?t fully sink in: what the US failed to conjure over Iran ? it could now get over Norway ? the IEA will release emergency reserves thanks to a pension dispute in the highest ranked nation on the UN human development index, with a vast $600bn sovereign (read pension) fund in the kitty. Worst still, even if some kind of arbitration panel manages to reach a settlement this time round, word on the ?Oslo street? is that there will be more disruptions in the coming months. With giant new Norwegian finds in the North Sea and the Arctic, Statoil needs to keep its workers on, riggers and engineers will want a pretty crown for doing so. You litterally couldn?t make this stuff up for Norway, or so you?d think.

Oil traders obviously missed a trick in all this, but the core problem is that political risk has always been mis-priced in developed markets. As the second largest gas exporter to Europe, Oslo?s outages should certainly give Brussels something?to think about, but it?s as the world?s fifth largest oil exporter where the real concern hits. Norway had similar strikes back in 2004 that were quickly dealt with, but it feeds into a far broader developed market resource trend. They all have a predation and penchant for political risk.

The UK treasury has always hiked royalties and taxes on North Sea prodcution to try and balance London?s budgetary books. France has just slapped a tax hike on its beleagured refining sector, while Australia has a long history of introducing overnight take hikes, most recently seen in the 30% Minerals Resource Tax. Canada remains remarkably picky about who it does business with; BHP Billiton couldn?t even get its bid for Potash beyond state legislators in Saskatchewan; political risk doesn?t play out with central governments in developed markets, it can also hit at sub-state and local levels ? especially where valuable resources are concerned.

Then of course we have the US. Forget the Unocal saga back in 2005, that?s old news. But what?s still very current is the ongoing fallout from BP?s Macondo spills. It brought the British major to its knees in 2010, and it?s still in the recovery room now. Compare BP?s Gulf of Mexico mishaps, to?Shell?s operations in the Gulf of Guinea (Nigeria), and?the contrast couldn?t be any sharper as a ?tale of two Gulfs?. Both have been serious environmental bloopers, but the?latter?remains a ?systemic? problem for Shell, the?former was a ?temporal? blow out for BP. Yet it?s on the shores of Florida, rather than the swamps of the Niger Delta that share prices have been hit, and oil prices corrected.

It comes as no surprise that Shell has already received far more international coverage by entertaining the notion that it will drill into Alaska?s Chukchi and Beaufort Seas (believed to hold anything up to 27bn barrels of oil) than it did in the Delta. Highly developed markets = highly developed (and sophisticated) levels of risk. The same dynamic will certainly apply if the US makes serious progress on shale oil, both for environmental demands entailed, and tax takes Washington will try to levy. Some will put all this down to mainstream media being more exacting over ?domestic? standards and what?s deemed a fair slice of the resource pie for advanced nations, but it still comes with the deep irony that markets don?t properly consider upstream risks in developed jurisdictions. Bottom line: when things wrong in ?pleasant places?, market knees always jerk.

As peculiar as that is, it presents an interesting operational rub for IOCs to ponder: The high risk propositions of old might actually become the ?lower risk? bets for the industry, precisely because frontier markets are already considered a ?basket case? of risk. If plays go drastically wrong, so what; it was to be expected. But get lucky and find a ?petrocrat? who knows what?s good for him,?then?oil will flow, policies remain stable; you end up quids in. Both seem a better idea than being caught on the wrong side of the fence in politically capricious developed markets. If that happens, you?re guaranteed one thing: You?ll pay a very heavy price.

Obviously that?s not to say the developed vs. developing energy world division is quite that simple. The iron law of any serious analysis is country risk first, sub-state risk second, project risk third. But the irony of ?nice Norwegians? giving? ?nasty Iranians? a free oil hand will certainly not be lost on the streets of Tehran right now. Risk is everywhere, but the most serious pockets tend to be where nobody has bothered to look.

Source: http://www.forbes.com/sites/matthewhulbert/2012/07/09/norway-a-political-risk-lesson-for-oil/

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Roskva electric motorcycle revealed in Norway with carbon fiber chassis and clothes

The choices in the electric motorcycle market just keep getting juicier, and while you'll still have to stick with the more established brands like Brammo, Zero or BRD if you're looking to make a purchase, a hot new prototype has just been unveiled that threatens to make them all look a little bit... pedestrian. It's called the Roskva from a team of five students at the University of Life Sciences (UMB) in Oslo, Norway. Like a MotoGP bike it has an all carbon fiber frame that weighs less than 25kg and is wrapped in carbon bodywork and even rolls on carbon wheels. A 94HP motor provides the oomph and delivers a top speed of about 112MPH, with a maximum range of 62 miles. No word on when or if the thing might make it into actual production, but we can say for sure that there's a second picture of the thing just waiting for you right after the break, still in that same garage that is far, far neater than ours.

Continue reading Roskva electric motorcycle revealed in Norway with carbon fiber chassis and clothes

Roskva electric motorcycle revealed in Norway with carbon fiber chassis and clothes originally appeared on Engadget on Sun, 08 Jul 2012 15:00:00 EDT. Please see our terms for use of feeds.

Permalink   |  Roskva  | Email this | Comments

Source: http://www.engadget.com/2012/07/08/roskva-electric-motorcycle/

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Extreme heat bakes Midwest, parts of East Coast

Central Illinois corn crops show signs of stress as they struggle to grow during a record breaking heat wave with dry weather conditions that is across most of the country Friday, July 6, 2012 in Farmingdale, Ill. There's been no relief day or night from a scorching heat wave in the central U.S., and the deadly temperatures were heading east Friday after Midwest cities like Chicago, St. Louis and Milwaukee set record highs. (AP Photo/Seth Perlman)

Central Illinois corn crops show signs of stress as they struggle to grow during a record breaking heat wave with dry weather conditions that is across most of the country Friday, July 6, 2012 in Farmingdale, Ill. There's been no relief day or night from a scorching heat wave in the central U.S., and the deadly temperatures were heading east Friday after Midwest cities like Chicago, St. Louis and Milwaukee set record highs. (AP Photo/Seth Perlman)

A man has the Lake Harriet Bandshell seats to himself Friday, July 6, 2012 in Minneapolis where temperatures reached into the upper 90's for another day during the heat wave. The National Weather Service said the record-breaking heat that has baked the nation?s midsection for several days was slowly moving into the mid-Atlantic states and Northeast. (AP Photo/Jim Mone)

The skyline rises through haze as one boy pumps water for another to drink from an old-fashioned water pump along Lake Harriet Friday, July 6, 2012 in Minneapolis where temperatures reached into the upper 90's for another day during the heat wave. The National Weather Service said the record-breaking heat that has baked the nation?s midsection for several days was slowly moving into the mid-Atlantic states and Northeast. Excessive-heat warnings remained in place Friday for all of Iowa, Indiana and Illinois as well as much of Wisconsin, Michigan, Missouri, Ohio and Kentucky. (AP Photo/Jim Mone)

Luis Saavevra shades from the heat with a giant U.S. flag umbrella as he plays chess on an over-sized board in Union Square as temperature reached the 90s on Friday, July 6, 2012 in New York. he National Weather Service reported late Thursday that the record-breaking heat that has baked the nation's midsection for several days was slowly moving into the mid-Atlantic states and Northeast. (AP Photo/Bebeto Matthews)

A piece of drift wood lies on the cracked mud as boats and docks rest on the bottom in a dry cove at Morse Reservoir in Noblesville, Ind., Friday, July 6, 2012. The reservoir is down nearly 4 feet from normal levels and being lowerer 1 foot every 5 days. The National Weather Service said the record-breaking heat that has baked the nation?s midsection for several days was slowly moving into the mid-Atlantic states and Northeast. Excessive-heat warnings remained in place Friday for all of Iowa, Indiana and Illinois as well as much of Wisconsin, Michigan, Missouri, Ohio and Kentucky. (AP Photo/Michael Conroy)

PHILADELPHIA (AP) ? Highways buckled in Illinois and Wisconsin, water use was cut back in Indiana and those who had power in the mid-Atlantic were urged to conserve it, but the heat gripping much of the country was only expected to worsen Saturday.

Temperatures of more than 100 degrees were forecast in Philadelphia, authorities warned of excessive heat in the Midwest and the power outages surpassed a week in the mid-Atlantic, where extreme heat was expected into the weekend.

A major storm in the area last week left behind damage, which combined with the high demand for power to stress the electrical system's capabilities, a Washington-area utility said. Hundreds of thousands remained without power Friday night in the Appalachians and mid-Atlantic, mostly in West Virginia.

Tens of thousands were still without power in the Midwest as well after storms there this week. Utilities hoped to restore service over the weekend in Michigan, where temperatures were forecast in the 90s.

One man in the state figured out a way to beat the heat: stay in the car.

That was the plan for 60-year-old Roger Sinclair of Batavia, Ill., who was headed home Saturday morning from Detroit, the city of his birth.

Sinclair, a dispatcher at a plumbing company's call center, visited the Motor City over the past few days to see an old friend and catch Friday night's Tigers game.

While he enjoyed the game, a 4-2 Tigers win, the conditions were less than ideal.

"It was 97 at the first pitch and still in the 80s at the time of the last out," he said. "It was tough. There was no breeze."

Before heading home Saturday, though, Sinclair wanted to see a Great Lakes ore carrier make its way through the city's waterways. So, he tracked one down the Detroit River, driving ahead of it and parking on Belle Isle, which sits in the middle of the river between the city and Windsor, Ontario.

Sinclair, standing along the riverbank and shielding his eyes from the sun, watched the Algomarine slowly head west.

"You just don't see this in Chicago," he said.

As the vessel traveled out of sight, Sinclair walked to his car.

"This is how I've dealt with it the last couple of days," he said. "A lot of time in the car."

Record temperatures were set Friday in the Indiana cities of Indianapolis, South Bend and Fort Wayne, where temperatures could reach 106 degrees but feel more like 114. In central Arkansas, Russellville reached 106 degrees, breaking a record set in 1964.

The heat was blamed for at least 23 deaths.

Nine people in Maryland have died of heat-related causes in recent days, the state said. Authorities in Chicago said heat was a factor in six deaths there, mostly among older people. Three deaths in Wisconsin and two in Tennessee were also reported to be heat-related.

In Ohio, a man in his 70s and two women ? one in her late 60s, the other in her 80s ? were found dead this week, said Dr. Jeff Lee, a deputy county coroner in the central part of the state. He said all three were suffering from heart disease but died from stress caused by high temperatures in their houses. Temperatures inside were stifling, recorded in the 90s in two cases, with windows shut and no ventilation. The houses lacked electricity because of recent power outages.

"If they had gotten cooling, we would have expected them to survive," he said.

Relief was on the way in the form of a cold front as the weekend ends, but forecasters expected it to bring severe weather, too.

The rain should help dry spells in many places. Much of Arkansas is enduring brown grass and seeing trees lose their green, and farmers in Ohio are growing concerned about the dry conditions, considered among the worst of the past decade.

Residents of and visitors to the tiny hamlet of Hell, Mich., had their own ways of dealing with the high temperatures.

"Every day is a good day to be in Hell," said businessman John Colone, the community's unofficial mayor, who owns a canoe and kayak rental and Scream's Ice Cream. "More people have told you to go to our town than anywhere else on Earth."

Colone said the number of people heading out on the lake recently was lower than normal.

"It's just been so hot," he said.

Still, Colone said, he's encountered a number of tourists who wanted to say they'd been to Hell on one of the hottest days of the year.

___

Associated Press writer Mike Householder in Detroit contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-07-07-Heat%20Wave/id-8335d8fe6a4f4c10980d142611035530

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Samsung wins bid to sell Nexus in Apple court battle

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Source: http://news.yahoo.com/samsung-wins-bid-sell-nexus-apple-court-battle-023106298--sector.html

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Digital album sales up; Adele's '21' still No. 1

FILE - In this Feb. 21, 2012 file photo, performer Adele arrives for the Brit Awards 2012 at the O2 Arena in London. The superstar singer's rep confirmed June 29, 2012 that the 24-year-old is expecting a child. (AP Photo/Jonathan Short, File)

FILE - In this Feb. 21, 2012 file photo, performer Adele arrives for the Brit Awards 2012 at the O2 Arena in London. The superstar singer's rep confirmed June 29, 2012 that the 24-year-old is expecting a child. (AP Photo/Jonathan Short, File)

LOS ANGELES (AP) ? Overall U.S. music album sales dropped slightly in the first six months of the year, but digital album sales are up more than 13 percent over a year ago.

Tracking firm Nielsen SoundScan said Thursday that 57 million digital albums have been sold so far in 2012, compared to 50 million during the same period last year. Digital album sales comprise 38 percent of all album purchases for the first half of the year.

Adele's Grammy-winning "21" is the top selling CD, both digitally and physically. It claimed the biggest one-week sales of 2012, with 730,000 copies sold in the week following the British singer's Grammy Awards sweep.

Lionel Richie's country duets album, "Tuskegee," came in second with 912,000 units sold to date, outselling Richie's last three studio albums combined.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-07-05-Music-Album%20Sales/id-db67435e6c554879ae748fb8c990970b

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