Tuesday, June 10, 2014
WARREN BUFFETT READY to double down on $15B investment in clean energy. Also wants "finite" NG in US to stay in US. (I think he means no LNG exports, more NG power plants as production increases. Maybe even less export to Mexico.) ... Iberdrola to invest $5B in Mexico energy sector through '18 ... US coal stockpiles down 32% from 5-year avg. for time of year. US coal production down 3% ... $335M of Fed funds delivered for sea wall for lower Manhattan ... Wind-blown dust darkening Greenland ice, increasing melt: study ... Oil sands industry cut production forecast ... Japan vowing to revive whaling after court defeat ... Rwanda signed up Goldsol to build 10Mw solar plant for $20M. Online '16. Rwanda solar target 20Mw by '17 ... Canada having unexpected production boom of ultra-light crude (condensate) in Alberta from shale. Reduces cost for oil sands comps that dilute their product with condensate so it can flow through pipe ... Exxon won 1st 3 oil/gas leases on US/Mexico border in Gulf of Mex. Est. up to 172M bls, 30.4BCF NG ... Marathon selling Norway assets for ~$2B ... Total US energy production 81.7Q BTUs in '13. Met 84% of 97.5Q demand ... Total US crude production 8.3Mb/d in April: EIA ... India plans to allow domestic NG to double to $8.50/MBTUs. Imports ~$12. They import ~35% of demand ... Thousands have been rioting in N India over power cuts during extreme heat wave. Set substations on fire, took power comp officials hostage ... ENI to help Venezuela develop est. 17TCF NG field offshore. Venezuela $25B in arrears to importers ... Georgia gives over $4K income tax credit, other benefits to EV buyers, charging stations. #2 EV market in US ... Cyber criminals that target infra like phone networks or power grids will get life in prison in British proposal ... Japan failed to report .7 ton unused plutonium to IAEA. Enough to build ~80 nuke bombs ... IDB financing $66.4M for 72.8Mw solar farm in Chile ... Acme Solar Energy got license to build 30Mw solar plant in India. Est. cost $40M ... Carbon tax refunded to households in US would create jobs, reduce emissions, save lives: study. 2M jobs over 10 yrs. Emissions would decline 33%. 13K/yr lives saved with better air quality. $10/ton tax start, add $10/yr ... Japan favors Europe solar modules over China's: Aleo Solar ... INRG Solar to install 100Mw in Britain this fiscal year. 200Mw next year ... Signet Solar - Indian thin-film solar maker - to invest $2B next 10 yrs to build 1Gw/yr production cap at new plant in India ... EDC - Philippine geothermal developer - restarted 55Mw unit shut down last year after turbine blade sheared off, damaged things ... GE Energy Financial invested in 32Mw solar project in Japan. Pacifico Energy developing. Yingli modules ... Hindustan Power Projects (India) to IPO clean energy unit for $1B.
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