STUFF

A Bakken fracking rig uses almost 3K gal of diesel per day. A few million gallons a day to extract oil in US. LNG lowers that cost 47% and emits 20-30% less CO2. Encana leading the way.

Brit govt vetoed $2.3B wind farm project near coast because of dangers to a local bird.

Virginia exceeding targets for reducing wastewater pollution into Chesapeake.

75-85% of coral cover has been lost in Caribbean in last 35 years from rising sea temps, overfishing, pollution and acidification from rising atmos CO2. Major conference in Australia this week focusing on the problem.

Motech to shutter US-based polysilicon maker AE Polysilicon.

Japan starting up reactor this week, another at same plant later this month.

2-week-old strike of Norway oil workers has taken ~240Kb/d - 15% of country's production - off the market. Oil comps threatening to halt all prod to force govt to order compulsory arbitration.

US gasoline consumption 4.3% lower than in '11 in last 4 weeks.

NG under $3 is competitive with coal for el generation. But $3 is way under cost of prod.

Tehran losing ~$3B/month in lost oil revs. Running out of storage space, may have to curtail prod soon. Last week, Switzerland and Kenya agreed to curtail their imports.

Shell's offshore Alaska drilling delayed until Aug for ice to clear and to modify spill-response vessel to Coast Guard requirements.

Major Libyan oil terminal shut down by protesters angry over seat allocation in national assembly.

Angola ready to throw open offshore oil exploration rights after major strike by Houston's Cobalt Intl Energy. Country wants to double 1.8Mb/d present prod by '20.

Tullow's Kenya oil discovery even larger than originally thought. Country could have more oil than Uganda, where Tullow's spending $10B to develop some 2.5B bls with China's CNOOC and Total.

New deepwater NG reserves of possibly 1.5-2TCF off Mexico in Gulf: Pemex.

Great Bear Petroleum to test shale oil deposits on Alaska North Slope.

Statoil made significant gas and condensate discovery off Norway coast. Up to 200M bls recoverable oil equiv.

UN: tax billionaires, currency transactions and carbon to improve econ, atmos. Could raise up to $400B/y to aid poor, fight climate change, help meet Millenium Dev goals - $167B short in '11.

Pepco - DC area's utility - has half the linemen they had 15 years ago. Union leader saying it's why area power off so long. And comp hires non-union temp contractors that union workers have to follow to fix mistakes.

GE Aviation committed to buy 5M gal/y of biofuels, start in '15. 10M gal/y of jetfuel now used at testing facility.

Monsanto  facing up to $7.5B in payments to 5M Brazil farmers. Their supreme court decided against the comp last month over penalties placed on farmers for reusing gen mod seeds.