Monday, May 21, 2012

STUFF

NRC chairman resigning.

GAO: US power plants built before '79 provided 45% of el from fossil fuels in '10 and 75% of SO2 emissions, >60% of NOX and >50% of carbon.

US military's advanced biofuel programs took a funding hit in defense bill passed by House on Friday.

Groundwater pumping appears to be a major contributor to sea level rise.

Company seeking approval to export LNG from Georgia terminal.

Repsol cancelled Argentine LNG contract and filed suit vs. Argentina over YPF nationalization.

Iran struck first oil in Caspian in 100 years. Estimated 10B bls.

Kyocera Solar began shipments of 34MW of US-made modules for 127MW project in AZ under development by LS Power Group. Online late '13.

Energy Source 50MW geothermal plant now online. $400M. Started in '10. First geo plant in Salton Sea area in 20 years. Area potential capacity up to 2GW. Brine there also contains lithium, manganese and zinc.

Consensus growing that oil pipeline flow reversal won't drain much of the glut at Cushing, OK until capacity increases to 400kb/d next year.

US NG prices now up 75 cents in last 6 weeks to ~$2.74.

Recent surge in Saud oil production to >9.9mb/d puts them ahead of Russia for first time since '06.

Brazil ethanol production down >40% from '11 in April. Gasoline imports from US, Europe may rise.

Repsol says exploratory oil well offshore Cuba came up dry.

China's 3 largest coal mining areas raised production in 1Q12 15% yoy. 761M tons. 65% of total production.

Enbridge spending $3.2B on pipeline projects to reverse oil flow in Canada to west to east and prevent bottlenecks in US midwest.

DOI: of 36M acres leased offshore and onshore for oil/gas development, only 10M under active development. So. It's not govt's fault. It's the industry. Maybe they want to keep prices high. Huh.

Petrobras may raise oil/gas reserves to 30B bls oil equiv.

China started building world's largest capacity power line. 800kV, $3.7B, 1,373 miles.

Poluution helps warm atmos by strengthening summer storms, causing tops to spread out higher in atmos and capture heat, especially at night: Science Daily.

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