Brit Columbia opposing planned $6B oil sands pipeline from Alberta to West Coast.
Fracking in Calif creating competition for water between oil/gas industry, ag. Fracking threatening water contamination.
Connecticut House approved study on planning for sea level rise.
Japan biz group interested in exporting Alaska NG to Japan prodding Alaska to speed up plans to build pipeline from North Slope to south coast.
US tight (shale) oil production up 17% over last year. US crude stocks highest level since '31.
IEA: oil production from Algeria, Angola, Libya, Nigeria will stagnate next 5 yrs @ total 7.1Mb/d. Down 685Kb/d from last year's forecast.
Iraq ready to add 400Kb/d to production by year-end.
Shell replaced only 44% of oil/gas it produced last year with new resources. Expects to spend $7B on exploration this year, up 10% from '12, almost 2x '11.
Production from Canada oil sands est. up 13% in '12 to 1.9Mb/d. Est. 3.1M by '20.
US rail deliveries of oil up 160% in Q1 over last year. 58M bls.
India econ grew 5% in FY ended in March, slowest in decade.
OECD: 17 EU Euro-using nations' econs to shrink .6% this year. Previous forecast was for 1% growth. Down .5% last year. Recession staying stubborn.
EC laid 10.6% tariff on Argentina, Indonesia biodiesel for 6 months. Could extend for 5 yrs.
Kawasaki developed tech to produce ethanol from rice straw for 80 yen/liter (includes feedstock, processing costs). Competitive with imported Brazil eth.
FL gov signed repeal of E10 ethanol mandate.
CERP resins got Euro certification for industrial compostability. Used for bioplastic grocery bags, trash bags. Already has US cert.
Total to pay $398M damages for bribing Iran officials for oil/gas contracts.
Mid Am Energy to buy NV Energy for $5.6B. 23% premium.
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