“Dinosaurs wiped out by BIG asteroid”

DFN: There’s recently been some concern regarding the 8+ quake in Chile altering the ’tilt’ around which the earth axis rotates, thus changing weather patterns, so this big asteroid theory makes sense. FYI, the location of the ‘hit’, is Chicxulub, near Merida on Mexico’s Yucatan peninsula. Lastly, while research the Chile earthquake, I discovered the USGS has a ‘neat’ website re earthquakes: http://earthquake.usgs.gov/earthquakes/index.php.

It’s official: An asteroid wiped out the dinosaurs
By Kate Kelland, Health and Science Correspondent Kate Kelland, Health And Science Correspondent – Thu Mar 4, 2:07 pm ET
http://news.yahoo.com/s/nm/20100304/sc_nm/us_dinosaurs_asteroid

LONDON (Reuters) – A giant asteroid smashing into Earth is the only plausible explanation for the extinction of the dinosaurs, a global scientific team said on Thursday, hoping to settle a row that has divided experts for decades.

A panel of 41 scientists from across the world reviewed 20 years’ worth of research to try to confirm the cause of the so-called Cretaceous-Tertiary (KT) extinction, which created a "hellish environment" around 65 million years ago and wiped out more than half of all species on the planet.

Scientific opinion was split over whether the extinction was caused by an asteroid or by volcanic activity in the Deccan Traps in what is now India, where there were a series of super volcanic eruptions that lasted around 1.5 million years.

The new study, conducted by scientists from Europe, the United States, Mexico, Canada and Japan and published in the journal Science, found that a 15-kilometre (9 miles) wide asteroid slamming into Earth at Chicxulub in what is now Mexico was the culprit.

"We now have great confidence that an asteroid was the cause of the KT extinction. This triggered large-scale fires, earthquakes measuring more than 10 on the Richter scale, and continental landslides, which created tsunamis," said Joanna Morgan of Imperial College London, a co-author of the review.

The asteroid is thought to have hit Earth with a force a billion times more powerful than the atomic bomb at Hiroshima.

Morgan said the "final nail in the coffin for the dinosaurs" came when blasted material flew into the atmosphere, shrouding the planet in darkness, causing a global winter and "killing off many species that couldn’t adapt to this hellish environment."

Scientists working on the study analyzed the work of paleontologists, geochemists, climate modelers, geophysicists and sedimentologists who have been collecting evidence about the KT extinction over the last 20 years.

Geological records show the event that triggered the dinosaurs’ demise rapidly destroyed marine and land ecosystems, they said, and the asteroid hit "is the only plausible explanation for this."

Peter Schulte of the University of Erlangen in Germany, a lead author on the study, said fossil records clearly show a mass extinction about 65.5 million years ago — a time now known as the K-Pg boundary.

Despite evidence of active volcanism in India, marine and land ecosystems only showed minor changes in the 500,000 years before the K-Pg boundary, suggesting the extinction did not come earlier and was not prompted by eruptions.

The Deccan volcano theory is also thrown into doubt by models of atmospheric chemistry, the team said, which show the asteroid impact would have released much larger amounts of sulphur, dust and soot in a much shorter time than the volcanic eruptions could have, causing extreme darkening and cooling.

Gareth Collins, another co-author from Imperial College, said the asteroid impact created a "hellish day" that signaled the end of the 160-million-year reign of the dinosaurs, but also turned out to be a great day for mammals.

"The KT extinction was a pivotal moment in Earth’s history, which ultimately paved the way for humans to become the dominant species on Earth," he wrote in a commentary on the study.

(Collins has created a website at http://impact.ese.ic.ac.uk/ImpactEffects/Chicxulub.html which allows readers to see the effects of the asteroid impact.)

(Editing by Myra MacDonald)

Fuel Cells

DFN: Alternative energy is of interest and as I’ve said before I use this blog to keep track of articles which have caught my attention.

Fuel Cells in Bloom
Posted: Mar 05, 2010 09:46 AM by Aaron Levitt
http://stocks.investopedia.com/stock-analysis/2010/Fuel-Cells-in-Bloom-UTX-FCEL-BLDP-PLUG0305.aspx?partner=YahooSA

Tickers in this Article: SPLS, EBAY, KO, WMT, SO, SI, PLUG, BLDP, FCEL, UTX
A Silicon Valley start up is moving forward with its mission to provide clean and affordable energy to the masses. Bloom Energy recently unveiled new fuel cell technology designed to power commercial office buildings, but envisions residential units, about the size of a bread box in the upcoming decade. Fuel cells have often been seen as the holy grail of alternative energy as they have the potential to provide some of the cleanest power around. Bloom, which has raised more than $400 million from investors, has spent nearly 10 years developing solid oxide fuel cells. This variety of cells, a product of 30 years worth of innovation, is considered the most fuel efficient.

Bloom Boxes
Bloom Energy’s proposed technology allows users to create their own electricity as opposed to buying from their local utility. The real potential for these fuel cells is those emerging markets that do not have traditional energy infrastructure and power systems. Using air and a fuel source, such as natural gas, ethanol or landfill gas, fuel cells cause oxygen ions to interact with the fuel and produce electricity. Since the fuel isn’t burned these cells are nearly two-thirds cleaner than a traditional coal plant. While, I wouldn’t sell my shares of Southern (NYSE: SO), there is quite a bit of potential for the units. And some major corporations are taking notice of that potential. A consortium of companies, including Wal-Mart Stores (NYSE: WMT), Coca-Cola (NYSE: KO) and Staples (NASDAQ: SPLS) have been snapping up the $700,000 commercial sized Bloom boxes to add to their operations. EBay (NASDAQ: EBAY) has been using five Bloom units since July and estimates it has shaved more than $100,000 off its total energy bill so far.

Adding Cells to a Portfolio
While Bloom Energy isn’t currently a public company (although based on its venture capital investors previous history it will be), there are several fuel cell manufacturers that are. As demand for these cells has been increasing, cost, the major issue for all forms of energy, has been steadily decreasing to around 15 cents a kilowatt hour. Looking towards the future, these kinds of devices could find their places in more municipalities, remote off-grid locations and automobiles such as Honda’s (NYSE: HMC) new FCX Clarity. Adding a speculative dose of fuel cells to a portfolio may do it some good.

As a former tech darling during the dotcom days, Fuel Cell Energy (NASDAQ: FCEL) has seen its share price slide from almost $50 to just under $3. The company produces carbonate and solid oxide generators, an older, but similar styled version of the Bloom Energy cells. The company produces large-scale units, and has installing a few on Yale University’s campus. However, the company still loses money on every unit sold.

The Obama administration has hinted at removing incentives and subsidies for hydrogen-based fuel cells as they believe that the technology still has a far ways to go before becoming commercially viable. Both shares of Ballard Power Systems (NASDAQ: BLDP) and Plug Power (NASDAQ: PLUG) have fallen accordingly. However, continued interest from the auto industry and industrial equipment providers still could give the shares a long term boost.
For investors wanting more of a fuel cell "sure thing", both industrial giants Siemens (NYSE:SI) and United Technologies (NYSE:UTX) have large business lines dedicated to commercial fuel cells. Investors gain the safety net of dividends and a diverse product lines to help cushion the blows.

Bottom Line
The Bloom Energy announcements can only be seen as a positive for the fuel cell market. As one the cleanest forms of electrical power available, fuel cells could potential be the panacea need to help cure climate change and our energy addiction. Only time will tell, if the industries efforts pay off. In the mean time, investors who are feeling speculative could place their bets with one the publicly traded companies in the sector. (For more, see Ten Ways To Save Energy And Money.)

Aaron Levitt is an independent investment writer and analyst living in State College, Pennsylvania. His work appears in several high profile publications in both print and on the web. Levitt is an advocate for long term investing with a global framework. You can follow his picks and pans at http://twitter.com/AaronLevitt Print
Filed Under: Energy,Stock Analysis,Stocks
Tickers in this Article: SPLS, EBAY, KO, WMT, SO, SI, PLUG, BLDP, FCEL, UTX
A Silicon Valley start up is moving forward with its mission to provide clean and affordable energy to the masses. Bloom Energy recently unveiled new fuel cell technology designed to power commercial office buildings, but envisions residential units, about the size of a bread box in the upcoming decade. Fuel cells have often been seen as the holy grail of alternative energy as they have the potential to provide some of the cleanest power around. Bloom, which has raised more than $400 million from investors, has spent nearly 10 years developing solid oxide fuel cells. This variety of cells, a product of 30 years worth of innovation, is considered the most fuel efficient.

Follow

Get every new post delivered to your Inbox.

Join 66 other followers