Monday, March 10, 2014
STUFF ... Ukraine sees Gazprom raising NG price 37% in 2Q ... Japan looking to set higher subsidy for offshore wind, reduce solar subsidy ... In '45, FDR cut a deal to protect Saud throne for Sauds only selling oil in dollars ... S Dakota to use E15 in state vehicles ... BP CEO pay tripled in '13 ... US has ~150-200 nuclear weapons in Belgium, Netherlands, Italy, Germany, Turkey. 200 can destroy civilization. '08 review: most US nuke weapon storage sites in Europe don't meet DOD security standards. (Wonder if they do now? Me too.) ... Newly installed US wind capacity down 92% in '13 due to Fed subsidy lapse. Wind power getting subsidies since '92 (production tax credit). Congress let it expire in '00, '02, '04, '12. Will be spike in '14 cap from late '13 reinstatement. Congress let it expire again. (They don't do that to fossil subsidies.) PTC typically monetized by small cabal of tax equity investors ... In '13, US imports of crude, petrol products 9.5Mb/d. 90% from Canada, Mexico, OPEC ... Sun Edison $50M fund to finance 13.4Mw solar for Calif prisons, hospitals ... Rate of oil depletion from present reserves 4x rate of new oil discovery ... Oil prices up 4x since '01. (Wonder why we have slow growth?)
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