"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Showing posts with label Portugal. Show all posts
Showing posts with label Portugal. Show all posts

Saturday, October 25, 2008

Pelamis - wave energy

The First Wave Energy Farm of the World...It's About Time...
Posted by Luis de Sousa on October 2, 2008 - 9:15am in The Oil Drum: Europe

On Tuesday the 23th of September, the deployment of the first commercial wave energy farm in the world started. A Pelamis unit was towed into the sea, connected to an underwater cable and moored to the sea floor, at a site were it will stay for the next 15 years. The Industry was present at the highest level, as so a Minister and even the Navy showed up with a frigate to join the celebration....

We have written about Pelamis over the years identified more by hype and hope than results ... ... here is an excellent and brief well informed article to bring those interested up to date.

NB : Do NOT confuse with TIDAL energy.

at 10/25/2008 11:41:00 am 1 comments

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