El produced from coal fell 21% in US last year. But demand for coal up 65% in India, 81% in S Korea, 119% in Japan. US coal exports 107M tons - $16B - last yr, 2X exports of '06. DOE says US demand could drop 10% more this year, falling below 1B tons for only 2nd time since '95. Rest of world will burn 6B tons, expecting 10B by '30. In India, 19 coal plants have <4 days stock, 30 more plants <7 days. Australia produced 83% of their power with coal in '10. US infrastructure needs coal export terminals. Plans in Wash state for 1, KMP spending $140M to expand 1 in TX. Still all the GHG emissions, though, when it's burned.
Honda partnering with Japan Metals & Chems Corp to develop process to recycle rare earth minerals.
Borders & Southern just found "substantial discovery of gas condensate" near Falkland waters. Possible 1B bls oil equiv.
QTWW's Schneider subsid bought 10MW wind farm in Ontario. Projected revs $60M over 20 yrs. That's >30 cents/w/y revs - ~7-year payout for recent construction costs of ~$2/w.
Ohio steelmakers enlarging plants to serve boom in oil/gas drilling, rising demand for cars.
Admin reached agreement with Oklahoma and major power comp that will eventually close 2 coal-fired plants and end lawsuit over regional haze rule.
DOI moved closer to approving leasing proposal to get power from Gulf Stream currents off Florida. Maine regulators advancing tidal power plans with 3 utilities.
NV Energy pulled out of Idaho wind project over sage grouse concerns.
Drought forcing BLM to consider wild horse roundups.
Honeywell breakthrough on turning NG into plastic.
No comments:
Post a Comment