Friday, July 25, 2014

ISIS STOLEN OIL CAN'T GET ACROSS IRAN BORDER. Iran won't take ISIS black market oil trucks. Sauds warning Iran not to intervene to support Iraq Shiites, ignoring Iran appeals to join in stopping ISIS. US drone base in Irbil ostensibly to protect Kurd (Iraq) oil assets. Sauds likely to depend on Egypt troops to defend their north border ... 7 states of Colorado River Basin depleting groundwater reserves at rapid rate: study. 17.3T gals lost '04-'13 - 2x of a full Lake Mead. Not known how much water left. Current drought entering 15th year. Basin supplies water for 40M folks, irrigates 4M acres ... Cal gov to sign climate pact with Mexico ... Global warming found not driving tropical soil carbon into atmos ... As shorelines shrink, Cuba looking to revitalize mangrove forests ... June global avg temp highest on record for month. 1.3*F over 20th century avg of 59.9*F ... UK announced over 200M Pound/yr cap to clean/renewable subsidies. 50M for established techs - onshore wind, solar, etc. 155M for new techs - offshore wind, ocean power ... EC approved UK clean/ren power contracts, "capacity payments". Also approved $17B UK awarded 5 offshore wind farms ... UK legally bound to reduce GHG emissions 50% by '23-'27 from '90 levels ... Colorado court struck down Longmont fracking ban ... IEA forecasts 1.3%/yr increased global oil demand '13-'19. Assumes global econ growth of avg. 4%/yr vs. 3.6% this year. Oil use to econ growth ratio falling over time. IEA also predicting 1.6%/yr growth of liquids supply (crude, condensates, NGLs, biofuels combined). Lots of risky assumptions, maybe too rosy ... $5.4T spent on oil/gas exploration/production past 6 yrs. Little to show for it ... Global biomass power gen market est. to grow 7% CAGR '13-'18 ... New energy paradigm: 1, world oil demand now driven by emerging economies. 2, growth in oil production since '05 has come from lower-quality HCs. 3, stagnating world production of crude means significantly higher prices. 4, geopolitical disturbances holding back growth in oil production. 5, geological limitations also holding back world oil production ... Suzlon Q loss narrowed to $125M. Income was up 20%. India wind market improving ... Infosys to invest in 200Mw of clean/ren power by '18. To spend $233M for wind, solar, biomass, hydropower ... Showa Shell unit to build 13Mw solar plant in Japan. Online in '16 ... 2 Portugal comps investing $296M in 4 wind farms in Portugal. 171Mw total. Online mid-'15.

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