Saturday, April 19, 2014
5M sq.ft. of bldg-integrated solar air heating collectors now installed in N Am. Represents 250Mw thermal energy, displaces near 100K tons CO2/yr. Can reduce energy needed for heating 20-50%. Ag, industrial aps too. Could save $60B of energy costs next 30 yrs. ~44% US energy use for heating, cooling ... Geothermal projects take avg. 8 yrs to finish ... Nigeria exported only 51Kb/d to US in Jan ... Exxon's proved reserves of crude, NGLs just over 9.3B bls in '13. Down from 9.8B in '03. Crude only ~30% of total reserves now. 3.6B bls bitumen. 71.8TCF NG ... Conoco spending up to $11B developing 2 of hottest plays in US. Plans to boost S Texas production to over 130K BOE/d by '17. In W Texas, to add over 70K BOE/d. Oil formations layered in W Texas. "Stacked pay zones." 30B bls recoverable.
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