STUFF

EV broke EV speed record. Over 200MPH.

Sinovel to divest overseas units after US indictment over AMSC case.

Obama admin gave final approval for wind project across 40K acres of AZ public land.

New MIT el system may make carbon capture more efficient.

US western governors unveiled 10-year "energy vision".

K Road gave up on 294Mw Cal solar project. Almost 1.5Gw of solar pulled off table in S Cal recently.

Climate change lags by 25-50 yrs the emissions that cause it.

Est. amount of CO2 contained in Arctic permafrost 2x as much as currently in atmos. Methane portion of any release from melting 20x more potent than CO2.

EIA: June OPEC production down 300Kb/d from unrest in Libya, Nigeria. OPEC exports expected to increase 450Kb/d next few weeks to help summer driving. (Summer driving, some are not.)

Use of NG in US power plants down 22% in April yoy. NG prices rose well above $3.50 NG/coal switch point. (Now back around it.)

Iraq plans to invest $620B next 17 yrs to develop oil/NG fields. Projects $6T revs same time. Oil production increase to 10-12Mb/d from 3.2M now. May exports down to 2.48Mb/d from 2.62 in April. Bad weather, attacks on northern pipeline.

Kurdistan planning to get exports up to 1Mb/d by '15.

India, S Korea  pledged to make substantial cutbacks in Iran oil imports. Japan May Iran imports 2x yoy, but down 17% this year to date over '12. China imported 2.4M tons Iran crude in May, up 4% yoy.

50% of Egypt folks below poverty level of $2/day. (I hope you all are pausing a few seconds. after reading that. It's like another plague from God. $2/day?! Half below?! Count your blessings.)

China econ may really be growing 2-3% if empty condos, redundant rail lines taken out: recent book. El use up 2.9% Q1. GDP growth usually 85% of el use growth. Demand for fuel oil up 11.9% yoy Jan-May. (They burning fuel oil at power plants? Or is that all trans?)

UAE plans to increase oil production capacity to 3.5Mb/d by '18. 2.8M now. Fell short of 3M target by '13.

Gulf Keystone (UK) started drilling 1st exploration well in Kurd field. Potential 10.5B bl reserves. '18 production targeted at 250Kb/d.

China oil comp paid $1.5B for stake in Angola oil field. Bought $4.2B share in offshore Mozambique NG field in recent weeks. Chinese spent $35B in '12 on energy JVs, purchases.

Uganda, Kenya planning pipeline to Indian Ocean.

Est. of Cline Shale (W TX) up to 30B bls recoverable. 1st of 7 planned pipelines to ship W TX crude to Gulf coast operating since April.

India cabinet agreed to double NG prices to industrial, retail users to help fund investment in exploration, reverse declining domestic output.

India used 10% more coal in '12 than '11. Fastest rate increase in 31 yrs. Coal plants ~59% of their power gen.

Global spending on deepwater oil drilling, NG exploration expected to almost triple to $114B in '22. $43B in '12.

Largest biodiesel plant completed in US. JV between Valero, Darling. 142M gal/yr. Louisiana. Recycled animal fat, used cooking oil, corn oil feedstock.

Royal DSM plans to license cellulosic ethanol tech after their 1st plant opens early '14. $250M, 25M gal/yr plant. Considering building more plants.

1st batch of exported biodiesel from Brazil headed for Netherlands.

Louisiana salt mine that provided brine to local petrochem comps began to collapse last year. Sinkhole now sucking up town, emitting oil, NG, other. May contaminate waterways. (Um, and US holds its Strategic Oil Reserves in these salt caverns?)

Sri Lanka returned 40K tons of low quality diesel, blacklisted Emirates National Oil Comp.

Study: 21% of homes produce 50% of CO2 emissions. (Energy to run homes, personal vehicles. Study done in Switzerland.) All homes produce over 70% of all CO2 emissions. (Switzerland may not be the right study for this. They live in the mountains. But yeah, power plants to heat, power homes and personal vehicles. Yeah, 70% of emissions. Maybe so. Point of study, I think: our rich neighbors - big homes and many vehicles - are low hanging CO2 reduction fruit.)

Canadian Solar (CSIQ) to supply 91Mw of modules for solar projects in Thailand. Deliveries by yearend.

Solar Frontier (Japan) restarted 60Mw CIGS thin-film panel plant. Growing demand. Suspended ops end of '12. Plans to produce new type of panel before yearend.

Banks accepting more foreign equipment for Japan solar projects.

EPA sent power plant emissions revision to WH ahead of schedule.

For almost a decade, destroyed drilling platform has trickled oil into Gulf of Mex.

OR residents held funeral for dead bees.

Happy trails, pards.