Thursday, June 5, 2014

CHINA REFUSING TO DEFEND S China Sea claims in UN court ... Former chief of US Navy Seals found Keystone XL pipe an easy terrorist target ... Dutch govt demanding Shell/Exxon cut production 20% at NG reserve that accounts for 1/3 of Europe's NG production. Operating 50 yrs. Now lack of pressure creating earthquakes. 120 last year, 40 so far this year. Govt also wants some of profits put into fixing bldgs damaged by quakes. Production expected to start steep decline in next decade. Now contributes $16.4B /yr to Dutch govt in taxes. New production after 20% reduction willl be 42.5BCM/yr, more than 38BCM Russia is to supply China in that new deal ... Farmers Insurance withdrew lawsuit v. Chicago over not doing enough to prevent climate-related flooding ... US States' clean/renewable energy mandates raised power bills just tiny amounts so far: study ... Scientists reporting breakthrough in capturing CO2 from NG production.

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