MGx - Musings, Essays & Ballads

Probably everyone has noticed already but crude oil hit $126 a barrel on Friday, just in time for the summer driving season. The significance of this is deeply reflected in our national trade deficit where according to the US Department of Energy we import 12 to 14 million barrels of oil per day. […]

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The signs have been evident for more than a year, copper and magnets, both necessary to the production of electricity are becoming more and more sought after and more and more valuable.
Mr. Danne and thousands of explorers like him are the bedrock of a global mining industry struggling to keep up with booming demand. As […]

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The price of copper is rising due in no small part to the increase in power generation. Foreclosed on homes are being gutted of copper pipes and sold at scrap and then exported to, yup, you guessed it, China.
scrap copper sells for about $3.50 a pound — against 70 cents just three years ago.
He […]

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Absent clean storage systems any excess power produced by renewable energy generation must be ’stored’ on the grid. What that really means is that traditional fossil fuel powered or hydroelectric plants pick up the slack when the sun isn’t shining or the wind isn’t blowing. Denmark has the good fortune to be able […]

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As the developer of a high efficiency wind turbine and high bandwidth direct drive DC generator, I pay close attention to the price of copper and magnets as they are crucial to creating energy. Previously I wrote how China having 98% of the world’s neodymium reserves holds the market on high gauss magnets. […]

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