STUFF ... Folsom Lake in Cal 17% of capacity. Without more water, est. 200K acres prime ag land to go unplanted just in Fresno County. Sierra snowpack 20% of historical avg. Parts of western plains also in drought ... Solar about 1/2 cost of LNG to power enhanced oil recovery in Mideast that tap heavy crude: Glass Point Solar. Region has ~475B bls heavy crude ... $41M of loans pledged by IRENA, Abu Dhabi Fund for Development to 6 developing countries. $5M for 3Mw small hydro project in Ecuador. $6M for 2Mw water-to-energy initiative in Maldives. $9M for 4Mw solar PV/diesel hybrid mini-grid in Mali. $5M for wind projects in Mauritania. $7M for biomass/biodiesel projects in Samoa. $9M for 6Mw solar PV in Sierra Leone ... UN climate change chief calling on investors to pull money out of fossil fuel investments, put it into green assets ... Church of England said it's unlikely to quit fossil fuel investment. New Zealand Anglicans, UK Quakers passed resolutions to divest fossil fuel assets ... Global carbon emissions up 1.4% in '12 to historic high of 31.6B metric tons: IEA. Intergovernmental Panel on Climate Change says world can afford to emit total 1T metric tons GHGs. Beyond that, little chance of holding temp change to 2 degrees C. Beyond 2C most scientists agree climate change will become catastrophic. World has already emitted 531B metric tons. At 30B/yr, that gives us ~15 years ... Developing world now accounts ofr 60% of global C emiss, up from 45% in '00. Emissions took off from 4B metric tons/yr in '45 ... US NG stockpiles 15% below 5-yr avg. for this time of year ... Shell profit warning 1st in 10 yrs. Recent setbacks: $2B writedown on TX shale oil venture, grounding of Arctic drilling platform, competition from "cheap" US gasoline for Europe refining ops ... So far, looks like Iran stopping enrichment to 20%, West to release $7B ... Kurds say oil revs will first pay contractors, then reparations from Hussein atrocities, then share with Baghdad. Kurds had been getting 17% of Baghdad's oil revs, but that was terminated with opening of pipeline to Turkey. Baghdad still suing Kurds, blacklisting Turk comps involved ... New fighting in S Libya (where oil is) ... China electric use up 7.5% in '13. Near 80% from fossil fuels. Intends to increase coal-to-gas to ~50B cubic meters by '20 (will be 12.5% of gas supply) ... Beijing tripled money supply since end of '06. Cost of housing so high only early buyers doing well ... Nigerian oil production avg. under 2Mb/d in '13: Bloomberg. Govt had predicted 2.53M. Govt now est. 2.39M for '14. "Over-est": S&P ... Petrovietnam suspended crude production in Venezuela. "Tough econ." (Skyrocketing inflation.) ... Foreign oil comps have to wait another 2 yrs before investing in Mexico oil/gas production ... India to lower crude imports from Iran 15% to 9-9.5M metric tons starting April. Countries have to show 15% decrease to be eligible for US waivers from sanctions ... Pirate attacks at sea down 40% from '11 peak. 7 attacks/attempts off Somalia in '13, down from 49 in '12, 160 in '11 ... Egypt stepped up Suez security ... Russia ministry concerned fracking in Ukraine could pollute regional water supplies ... BNK Petroleum (Cal) started horizontal shale drilling project in Poland ... DOE: focusing on energy crop yield alone can come at expense of many other enviro benefits ... Toyota vowing to surpass US rules for 54.5mpg by '25 ... Ford aluminum F150 should increase mileage 7mpg. Rule of thumb - 1mpg/100lb loss ... Europe '12 oil production down 15% from '96 to 970M tons oil equiv. US up 8.5% to 2,512M ... Japan approved TEPCO plan to restart reactors at 1 plant ... Japan's 10 major utilities used 5.27M metric tons LNG in Dec, up 4.2% yoy. Also used 466Kb/d crude/fuel oil, down 26% yoy ... Global farm ministers in Berlin over weekend to discuss climate change, food production ... Boeing, Total, 3 other comps to collab on sustainable av biofuels in UAE ... LANXESS (Germany) has additive to prolong shelf life of biodiesel ... ORNL: E30 good for spark-ignited engines ... National oil/gas comp to be formed in Dagestan. Last 20 yrs oil production down 10x. Large NG reserves. Over 100K tons oil looted/yr. Rising extremism, terrorism ... Rogers: US monopoly utilities doomed ... Direct Energy completed sale of 3 NG-fired power plants to Blackstone. Total 1.3Gw ... India received bids for almost 3x 750Mw of solar cap offered. Grants for 1st time, up to $303M ... Daiwa (Japan) to build 6Mw solar plant in Nara. $17M. Online Nov. Sharp panels ... Principal Solar (TX) plans to buy up to 250Mw solar in US this yr. Backing from Carlyle Capital Markets ... 19 countries to develop Africa Clean Energy Corridor. Led by IRENA. To span E Africa from Egypt to S Africa ... 13 investment banks supporting Green Bond Principles. Green bonds reached record $14B in '13 ... US banks financed $20.8B for worst-of-worst comps in coal industry in '12 ... USDA announced $250M from Energy Efficiency, Conservation Loan Program for rural residence, biz improvements to lower el bills, improve energy systems, transmission, elgen facilities ... Global employment prospects bleak until '18: ILO ... JCM Capital to warehouse Ecuador project designated for $150M solar fund ... China set final anti-dumping, anti-subsidy duties on US, S Korea polysilicon imports. Up to 57% ... Conergy seeks 200M Euros of damages from Meyer Burger ... Bosch to pay Solarworld up to 130M Euros to take over majority of its Germany-based solar ops ... Etrion (Switzerland) closed private pacement at $80M ... Kenya to build $1.2B of new solar by '16. Will provide then 1/2 of country's el. 9 projects.