N Dakota oil production has uber doubled since '09. Wells up 6X. Problem now is getting it out of the state. Rail or truck more expensive than pipeline. BNSF shipping ~1/4. CanPacific ready to begin shipping 35kb/d and expect it to grow to 150k over next few years. ONEOK planning 200kb/d Bakken to Cushing (OK) pipe due online in '15. Enbridge investing $3B in pipe from Chicago to Cushing, adding 585kb/d to current capac.
US debt greater than Eurozone and UK combined. We sure blew it after '00.
"Big Glen" - GE's 4MW offshore wind turbine - passed its initial trial run in a Swede harbor. Direct drive. 35% capacity factor.
GE to supply 1.6MW turbines for 50MW Istanbul project. Turkey wants 20GW wind energy by '23. They're now at ~1.8GW. Country's a very good wind source.
Going green will save US military warrior lives: Pentagon.
Fed spending on clean E "falling off a cliff".
Carlos Slim: Chile will be 1st Latin Am nation to attain "developed country" status. I would think Brazil is not far behind.
Argentina cited underproduction and lack of investment in YPF as main reason to nationalize Repsol. $18B on the line.
Friday, April 20, 2012
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