Monday, July 8, 2013
STUFF... China seeks cap on exports of solar panels to Europe ... Germany's green energy drive forcing steep cuts in nuke sector. (OK...nukes are 24/7 clean energy. What's the prob, there Germany?) ... Study: new sold vehicles fuel econ dipped last month ... OR state senate rejected clean fuels bill ... US onshore oil/gas well sites spiled more than Exxon Valdez in '12. Over 6K spills ... Crude oil train explosion in Canada killed 5 ... New TX laws expected to boost NG use ... Rising oil thefts roiling Nigeria econ ... Japan nuke operators applied to restart reactors. Regulators will take at least 6 months to review ... Vienna switching to el buses. Overhead el lines still there. At least 5 Euro cites, 2 in SAm have overhead tram el lines ... Brit comp applying for shale gas fracking permit ... BLM withdrew over 300K acres of fed lands in 6 western states for new mining claims to save land for solar development ... Global VC investment in clean tech grew 56% over Q1 to $1.76B in Q2 ... Climate change collapsing seasons, stressing native UK trees like oak. Drought, storms, diseases ... Biofuel investments at 7-yr low. BP blames costs. Europe's biggest oil comps scaling back on nextgen (cellulosic) biofuels. BP, Shell halted funds for 4 separate ventures because tech won't be economical until '20 or beyondo. $57M spent in Q1. $7.6B spent in 1Q07 ... China says they won't set carbon cap ... Statkraft (Norway) boosting hydropower capacity, trading in Turkey to offset falling demand, profitablity in west Europe. Day-ahead power in Turkey cost 70% more than in Germany in May. El use up over 15% since '10 in Turkey. Statkraft building 2 hydro plants in Turkey. 102Mw online in '14, 517Mw more in '16. Turk econ expected to grow 4% this year .... Eqypt NG pipeline to Jordan blown up again. Surprise surprise ... Kurdistan postponed elections, granted 2-year extension to Barzani ... Sauds believed to have imported 9.5M bls of diesel last month, up from 7.5M in May. Saud el demand increasing 7-10% annually. In 20 yrs, they may be consuming all their domestic oil production. Govt pressuring foreign workers to leave because of jobs for Sauds. 12% unemployed. No plans to increase oil output capacity beyond current 12.5Mb/d ... NG exporters plan to defend linking their prices to oil. Courts have ruled they are overcharging. 40-yr-old system "fair and transparent". Customers say prices well above supply and demand level. Putin behind keeping linkage to oil ... Eurozone unemployment record high in May. Inflation 1.6% in June. Food, alcohol, tobacco prices up ... Exxon, Australia comp started drilling offshore Ireland ... Possible 700M bls tight oil underneath counties south of London. Fracking worries. Govt planning tax breaks for frackers ... Limited production from Kazakhstan's 40B bls oil field started. Only 8 years behind sked. Costs went from $10B to $40B ... Large banks only lending money in ND to oil projects. Real estate has bubbled up there .... US oil imports by ship expected to face 11% drop to 5.4Mb/d this year. Tanker lease prices lowest level since '91. W Africa crude to N Am to avg 700Kb/d this yr. Down 30% last 3 yrs ... Barclays: "perhaps wise to exercise degree of caution over long-term shale oil forecasts" ... Pipeline from offshore Iran gas fields to Pakistan completion in '14. 750MCF/d. Enough to gen 5Gw ... China looking at oil refinery, export pipe for Uganda. $6B. China comp contracted for dam on Nile, maybe 600Mw power plant ... Venezuela, Rosneft to explore/develop offshore Venezuela, onshore, LNG exports, domestic NG sales ... Chesapeake selling assets in Eagle Ford, Haynesville for $1B ... US truckers complaining reduced driving times from 82 to 70 hours/week. 3.9K killed in large truck accidents last year in US ... Largest fracking ops in Europe started in Ukraine. 9 stages. 40 days. 1.5M gal of fluid injection ... Tullow reported new oil discovery in N Kenya ... Brazil Oct auction of offshore blocks hold 2/3 of proven oil reserves ... FDA approved Arundo donax as cellulosic biofuel crop. Perrenial cane. $200M NC Chemtex plant got green lighted. Online in '15 .... UK comp to open ethanol, animal feed plant. BP-backed. Wheat feedstock. Brit wheat crop expected to be record low. UK expecting to import wheat '13-'14 ... US has 23 nuke plants identical to Fukushima .... Repsol must delay Spain's 1st-ever shale project after fracking ban ... Without new infra $500B of oil may be left in N Sea ... Comp got 11-yr PPA from Puget Sound Energy for coal-fired plant ... Alstom opened new Smart Grid Center of Excellence In France ... EON completed 2 solar plants in AZ. 20Mw total. Their 1st.
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