STUFF

Columbia reached 884kb/d in March. Now 10th largest oil exporter to US @ avg 365kb/d. Plans to build up ports/pipelines. Could get to 1.4mb/d by '14. Free trade agreement with US coming. Will cut 80% of tariffs on imports, 50% on exports. $1B maybe for US. The war against FARC is over. They say.

Mongolia has 8B bls of oil reserve: Prez of Mongolia.

Earth Energy Resources (Canada) to start mining oil sands in Utah. 7,800 leased acres holds 250M bls recoverable oil. They say. BLM says Utah has 12-19B bls buried in tar sands, tho not all recoverable. So...what's the recoverable, BLM? Is that so hard to tell?

Statoil started production offshore Brazil on its way to 100kb/d. Field discovered in '94.

Why did oil jump late last week? 1. Higher interest rates in Europe depressed the $. 2. Kadaffy started destroying oil production the rebs had control of. And stalemate emerging. 3. Concerns that Saud, Kuwait and UAE won't be able to replace lost Libyan oil. 4. Increased demand from Japan, in "severe condition". 5. Nigerian elections. 6. Iraq oil exports down 2% in March from weather and pipeline attacks. 7. Syria, Yemen shooting protestors. Syria producing ~368kb/d, exporting 148k; Yemen 300k/150k. "$15-20 of oil price from anticipatory fear": somebody. O, yea, and loose Fed money.

IEA called for scrapping $312B in fuel subsidies to help support clean E.

Japan has told businesses and folks to cut power use 20-25% this summer.

Recent social spending by Sauds won't defuse their trouble: an energy consultant. Serious Saud unrest = $300 oil.

Iran: NG pipeline explosions forced more oil use for elgen.

Israel's giant gas find offshore may encroach upon Lebanon territory. Can anyone get along?

Norway estimates Barents Sea may have 5.9B bls of undiscovered oil/gas. Yea and maybe your IRA just doubled. No, really, go Norway. Just kidding.

Centrica, UK's biggest E supplier, building 270MW $1.2B offshore wind farm. 75 Siemens 3.6MW turbines.

Blackouts hit most of Venezuela last Thursday.

Cuba announced plans to drill 5 deepwater wells in the gulf.

Alberta to set new enviro standards for oil sands.

Global clean E market worth $2.3T next 10 yrs. So they say.

DOT: pipeline explosions killed 14 in CA and PA in last 7 months. DOT?!

BP has 47% stake in Noble's gulf project that won DOI approval to resume ops on Feb 28.

New fed permitting process "strangling" small gulf indy oil producers. Is that surprising?

PG&E seeking 20-yr extension for 2 reactors at Diablo Canyon near San Luis Obispo. High seismic risk.

DOA to soon offer grants/loan guarantees to gas stations to install ethanol pumps. 8.2M E85 vehicles now v. 6.1M in '08. 2,350 stations out of 110k offer E85. I guess food prices keep going up, thank you government.

Global Thermostat, 2 competitors say they can use power plant waste heat to capture CO2 and feed it to algae production or pump into oil wells to boost production. They say.