Monday, June 2, 2014

EPA WANTS 30% CUT BY '30 from '05 levels of GHG emissions. Coal power plant emissions in spotlight. Proposal gives local, state officials wide leeway in how to get there. Yearlong comment, review now. GHG emissions already cut 10% from '05. EPA projects net climate, health benefits of $48-82B in '30. Chamber of Commerce projects rule would cost economy $50B/yr. (Let's figure out reality, pards. And what we want to leave our kids and grandkids besides political crap stance.) ... NYC implementing programs to protect water supply from storms ... $10B Canary Islands oil/gas project got Spain's OK ... OPEC crude production up est. 75Kb/d in May to near 30Mb/d. They must increase production another 700Kb/d in 2H14 or world will see higher prices: IEA ... Kurds need to export 400-500Kb/d to keep their govt afloat without Baghdad. Turkey cooperating with Kurds ... Libya militia stole weapons US had provided to train special forces. LIbya AF bombing Benghazi militia bases ... China oil demand up 1.4% in April to 9.75Mb/d ... China this year to phase out ~6M vehicles registered before '05. Next year another 5M. Gas stations in major cities told to sell only cleanest grades fuel. Expecting that to make refineries produce them ... Avg. cost over $130M for drilled well offshore Australia. Over 2/3 fall in that drilling since '03 ... US crude imports from Mexico down 47% in '13 to 850Kb/d. US exported 527Kb/d petrol products to Mex in '13 ... Ecuador to sign $7B deal with China to finance new $10B 200Kb/d oil refinery ... Up to 24B bls oil/gas reserves left in N Sea: Scotland official. Production to increase 14% '13 to '18 ... Russian NG exports to East, West Europe avg. 15.6BCF/d in '13. Up 16% v. '12. Increase mostly from exports to Italy, Germany, UK - up 20% to 12.3BCF/d ... US NG exports to Mexico avg. 1.8BCF/d in '13. Projected 3.8BCF/d by '18 ... US NG demand could increase 3-10BCF/d by '20 from new EPA carbon standards, power plant regs ... Iberdrola to buy LNG from Cheneire's planned TX export terminal projected to open in '19 ... Croatia comp about to bring $6K carbon-fiber E bike controlled by smart phone to market. 250-volt, 500-volt motors for 15-30mph. 3-hour recharge. Crowd funding to raise $250K to get to market ... VW to enter US EV market with e-Golf this fall ... All 165K of Houston streetlights to be converted to LEDs over next 5 yrs ... EDF Canada, Enbridge commissioned 300Mw wind farm in Alberta. Vestas 1.8Mw turbines. C$600M ... DTE Energy buying 75Mw wind farm from NextEra Energy subsid ... SPWR connected 2 solar farms - 33Mw total - to S Africa grid ... Vestas to supply 53Mw wind turbines for 1st wind farm in Guatemala ... Tata completed 25Mw solar farm in India. $42M. (Darn good price.) ... Conscience-based investing up 5x since '07: report ... Studies link aircraft emissions to health woes near airports ... KY cut 1/3 of jobs at coal mine safety agency ... Global PV solar installs 38Gw in '13 ... Soitec OK'd to sell 40% stake in 44Mw S Africa CPV solar project to state pension fund ... Abengoa Yield to launch $600M IPO ... Renova Energia to bid for 243Mw wind power in Brazil auction this week ... India solar duties will set back their PV market 2 yrs: analyst. Up to 1Gw of existing projects may be scrapped ... Australia comp planning 60Mw Ohio wind farm with Nordex turbines ... Suzlon lost "only" $102M in F4Q13 ... Russia to invest up to $147M in solar in Altai region by '18.

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