Monday, November 11, 2013
MORE STUFF ... Russia forecasts oil prices to remain flat, adjusted for inflation, thru '30. Also cut Russia econ forecast to 2.5%/yr growth thru '30 ... Production at Kazakhstan's huge oil field won't resume before next year. Halted last month from NG leak ... Iran econ to contract 1.5% this year after 1.9% in '12 ... Crude oil train derailed, exploded in rural Ala on Friday ... Cyprus agreement with Total for LNG export terminal. Possible '17 start if warranted from production ... Greece finds in Ionian Sea similar to earlier finds in Italy, Albania waters ... Canada study of Montney formation est. 450TCF marketable NG, 1.1B bls marketable oil ... US homes heated by oil down from 17.2M in '73 to 8.1M in '11: EIA. Oil to cost a home over $2K this winter, NG ~$680 ... 32% increase in warming effect of GHGs '90-'12: WMO ... $2T of savings from fuel econ, improvements in ICE vehicles thru '25 can help fund long-term transition to plug-in hybrids: Global Fuel Econ Initiative.
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