Monday, December 5, 2011

STUFF

Mercozy (Merkel/Sarcozy) agreed on master plan for Eurozone budget discipline. EU treaty will need change. IMF released $2.95B aid to Greece, part of 3-year bailout. Brings to 20.3B Euro of 30B E loan agreed to in May of last year. And part of 110B E rescue package for Greece. So what's all the drama - drachma -  now about?

US asked S. Korea to cut $300M/y petrochem imports from Iran . . . France, Germany, Italy, Netherlands w/drew their ambassadors from Tehran after UK embassy sack . . . and, of course, Iran shot down the US drone.

Global CO2 emissions showed biggest jump ever - up 5.9% in '10.

Smog grounded Beijing flights.

Aptera Motors - 3-wheel EV hopeful - closed the doors on Friday in Calif. Tried for 3 years to reach commercial production. Failed to get DOE loan guarantee even with support of 2 Repubs at center of DOE loan debate.

MIT (not Romney): grid can handle EV's/renewables/clean E with new policies.

Navy announced largest ever purchase of bioavfuel: SYNM, SZYM.

China rebuffed ruling that its solar exports are harming US solar industry.

NRC says Ohio nuke plant with cracks is safe to run. Huh.

Planned Mich coal plant cancelled.

Report said that despite fed workforce pay freeze top officials still getting bonuses. Huh.

US's last coal-powered steamship looking to NG conversion.

USDA: ag productivity up 50% since '82 despite farmland loss.

More radioactive leaks into Pacific from Fuku.

Green groups claiming US blocking climate change deal at Durban.

Siemens buying eMeter - a Calif meter data mgmt comp that has received >$70M of VC funding.

Shell pulling out of Syria after EU imposed new sanctions. Also announced sold $488M of oil stakes in Niger delta.

Canada may save $6.7B by exiting Kyoto and not paying offset credits. Lot of details, A?

Sunoco shutting down 175kb/d refinery in PA due to refining market conditions. Also in talks to dissemble NJ refinery for shipment to India.

13 of world's hottest years on record occurred in last 15 years.

Cairn Energy gave up on $600M drilling effort off Greenland after no viable discovery. Ouch.

Iraq signed $17.7B deal with Shell/Mitsubishi to capture/process flared gas from southern Iraq oil fields.

N. Sudan has halted S. Sudan's oil exports until they agree on transit fees. Hurry up, Kenya.

And that's the come and the go, pards. Onward and upward.

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