Monday, October 24, 2011

STUFF

In the past 9 months China imported >22B cubic meters of NG. Up 89% y on y. July to Sept NG demand up 21% to 30B m3.

Costs of keeping offshore wind turbines online range from E100k-E300k/turbine v. E45k for onshore.

New seaport terminal in Bellingham, WA may soon be destiny for coal trains from WY and MT. Demand from China, Korea, Taiwan and Japan rising. Peabody estimating demand to be up maybe 80% next 4 yrs. Current deal to ship 24M metric tons/yr from Bellingham, alone a 400% increase in US sub-bituminous coal exports.

Steap decline in sea bass in S. Cal and shrimp in GOM. And salmon virus in BC Canada.

China charged US protectionism over solar panel fight. Global economy may be hurt.

Calif farmers being paid to fallow land for parched cities ... Sediment filling Kansas lakes, threatening water supplies to towns ... US ban on horse meat processing pushing market to Mexico, Canada. We are what we eat. I'd rather be a horse than a cow ...

Growing number of studies finding far less surface water coming from glacier melt than previously assumed. Well, so then it's going more into aquifers than we assumed?

Fungus threatening Iowa's old oak savannas ... Calif carb tax violates NAFTA: Canadian power comp ... Russia unprepared to lead in rare earth exports ... bike sharing has come to India ... Google now an EPA Green Power Partner ... IEA: bad economy good for climate.

Israel starting to get NG from Eqypt again.

Statoil announced doubling of oil reserves in new N. Sea field. Made it a "giant". ~1B bls recoverable equivalents.

OPEC averaging $108/bl ... Engineers assessing possible damage to Libyan oil fields (pressure) from emergency shutdowns.

Iraq has the world's last major deposit of easy-to-extract oil in the world.

A new study says US drivers to spend ~$490B filling gas tanks this year, up >$100B from '10. But consumption down ~1.3% last month v. '10.

US oil product exports up 24% v. '10. We will probably see increasingly higher prices for distillates - diesel, fuel oil, jet fuel.

EPA will issue shale wastewater rules to come into force in '14 ... Calif's cap&trade program the world's 2nd largest after EU's ... India and Russia signed deals to work closer with IEA on E matters ... ENI made a very large NG discovery off Mozambique ... China's largest rare earths producer is suspending production for a month to boost prices ... EU thinking "if not you all, why just us?" on clean E ... China's hydro power output fell 24.5% y over y to 57GW in Sept.

Air France ran 1st biofuel passenger flight. 50/50 jet fuel and biofuel from used cooking oil.

Onward and upward, pards.

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