Saturday, August 2, 2014

MASSIVE LIBYA OIL DEPOT SET ON FIRE by militia earlier this week ... ISIS moving toward Baghdad from South in pincer move ... Story now the tanker with Kurd oil too far offshore TX for jurisdiction. Still looking for buyer ... Most experts agree Russia oil production to peak in '18-'19. Especially without Western tech help with fracking, Arctic offshore drilling ... Bulgaria unrest coming up over energy, banking ... Energy workers strike threat in Argentina to hold back shale development ... Tesla (TSLA) broke ground for battery gigafactory near Reno, NV. Still reviewing sites in Cal, TX, AZ NM ... Sunpower (SPWR) planning new 700Mw panel factory on swelling demand. Online '17. 350Mw plant to start up in '15. 5-yr plan to double market share ... Reportedly a tanker with $40M of US oil bound for S. Korea ... Penn appeals court affirmed rights of municipalities to regulate locations of oil/gas development. State regulators can be required to notify public water suppliers but not private water well owners of drilling-related spills. Also upheld law's limits on what doctors can disclose about proprietary fracking chems, endorsed public utility's ability to use eminent domain for natgas storage facilities ... Shell made major oil discovery in E Gulf of Mex deepwater. 100M BOE ... Venezuela considering sale of Citgo. $10-15B. 750Kb/d refining capacity at 3 refineries, 48 storage facilities, 3 pipelines, stakes in 6 other pipelines ... AZ Public Service requesting permission to own rooftop solar systems, rent roofs. 20Mw on ~3K homes. To pay $30/mo for roofs. They now charge homeowners with solar systems 70 cents/Kwh - ~$5/mo ... Bakersfield, Cal hotel reducing cooling costs 37-44% with solar carport, energy efficiency measures. 102Kw. Installed by REC Solar. 8-yr payback.

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