Reported that US massing troops on 2 islands near Hormuz. Also plans for 3 US carriers with 1 French carrier to arrive in Persian Gulf 1st week of March. 4th US carrier will stand by in Pacific. What the hell.
Tanzania shale gas reserves believed to be 60TCF. Mozambique NG reserve worth estimated $800B. Their GDP is $10B/y. Anadarko a big player in the area. Recall EIA just cut Marcellus reserve estimates 40% to under 500TCF. And only a fraction of that is economically recoverable. Bottom line: NG is practically everywhere around the world with fracking. It's time utilities convert to it and time we get it into trucks and buses and cars. Maybe even trains. Then there's fuel cells that run on NG.
Canada exported 1.5mb/d of oil as recently as Oct. Total production expected to be 3.5mb/d by '15. Bottom line: they can fill both pipeline to US and pipeline to West Coast for Asia.
Commerce Dept found massive surge of Chinese solar imports for a few months last year. That triggered 90-day retro rule if duties warranted. Final decision probably in Oct. A gate check next month.
302k homes sold in US last year. Worst year going back to '63. 6M homes liquidated since '07. 8M more expected next 4 years. Another 20% down to go. Sad sad state of affairs.
China adding to gold holdings. And some are saying silver will hit $140 in '12. Wo.
Giant rare earths refinery in Malaysia granted operating license. Expects to open this year.
No comments:
Post a Comment