CO2 measurement hit 400ppm at HI station. Last time that high probably 2-10M years ago. There were forests on Greenland, sea level 33-66 ft higher then. CO2 measuring started in '58 at 315ppm. Avg increase now ~2ppm/yr. 100x faster than at end of Ice Age. Then it took 7K yrs to gain 80ppm. Now takes ~55 yrs. Levels were ~280ppm before Industrial Revolution. "What we see today 100% due to human activity": NOAA senior scientist. World pumps avg 2.4M lbs CO2 into air every second. 38.2B tons in '11. China leads with 10B tons/yr, emissions growing ~10%/yr. US now 5.9B tons/yr. Generally, levels peak in May.
US crude stockpiles 1Q13 up ~2M bls, biggest rise since '31. Imports up 8% to 8.1M bls.
Moody's: by '20, US will be exporting 9% of its NG production.
Kenya oil production 6-7 yrs away: IEA. Firms that want to qualify for exploration rights now have to spend $28.2M 1st 2 yrs for onshore, $31.2M 1st 3 yrs for offshore.
Karoon Gas Australia made its 2nd oil discovery offshore Brazil. Rumor that Citigroup eyeing takeover.
Oil production of top 8 Western majors down from 14Mb/d in '04 to under 11M now.
Pittsburgh on way to reducing GHG emissions 20% next decade through Pittsburgh Climate Initiative.
Wind power industry seeking another US tax credit extension at yearend.
U of Maine unveiled floating platform for offshore wind turbines. To be 1st grid-connected floating turbine in world. Will use 1/8th scale version of 6Mw turbine. 1st full-scale turbine planned online in '16. DOE gave $4M grant in '12 to help fund 2 6MW turbines by '17. Finalist for up to $47M more in coming years.
PG&E, AIA San Fran opened competition for zero net energy bldg designs.
GE intro'd 1.7Mw "Brilliant" wind turbine. World's most efficient wind turbine in class. GE to supply 59 of them to Next Era Energy Mich wind farm. GE's 2nd "Brilliant" turbine.
Shale field onshore/offshore New Zealand could hold 12-20B bls oil.
Avg lifespan of bull markets (US) 4 yrs, 8 mo. We have about 6 more months. Or not. Or more.
Ground broken on New Bedford terminal. To be 1st US port equipped to support offshore wind industry.
Senator Imhofe (Inhofe?) thinks recent cold snap evidence against global warming. (O please.)
Seattle plan would make city carbon neutral by '50.
First Wind Power Plant (Samruk Green Energy), Eurasian Development Bank to finance 45Mw wind farm in Kazakhstan. ~$90M.
World consumes 2B tons of food/yr. Avg US American eats near 1 ton/yr (~5.5 pounds/d?! Sounds high, considering babies, kids.) ADM bought Graincorp, Australia's largest crop handler, last available publicly-traded grain comp. Australian Agri Comp another look-see. Aussie beef sales seen jumping over 8x this year.
And that's the stuff, pards. Onward and upward. Happy trails. Vaya con Dios.
Saturday, May 11, 2013
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