Monday, September 1, 2014

UKRAINE TROOPS RETREATED FROM LUGARSK AIRPORT after attack by Russian troops. Russian troops moved into key E. Ukraine cities on Monday. Putin urged EU to use "common sense" over new sanctions ... IAEA says Iran has agreed to provide info on nuclear weapons program ... Jordan's exports to Iraq cut off by ISIS at border. To lose $1.2B/year ... Australia study concluded if GHG emissions keep rising any chance of hiatus in global warming - 10 years with no significant warming - drops to virtually zero after '30. Unlikely we get another decade of no warming before '30. Hiatus can be triggered by volcanic eruptions that spew particles into the air, reflect sunlight away from Earth. After '30, though, volcanoes unlikely to cause hiatus ... Sea levels around Antarctica '92-'11 rose 1/3 faster than global avg from high meltwater runoff. Fall in salinity, freshwater less dense. 250-450B tons/yr freshwater influx would explain rise ... In August, Arctic Ocean with at least 15% ice cover. Highest since '06. Also growing thicker over past year. (Well, we had that polar vortex in winter and early summer. Go fig.) ... California trying to curb private drilling for water ... Last hydropower dam (12Mw) removed from river in Olympic Natl Park. Opens full river to salmon, restores fishing rights for Native Nations ... OPEC oil production up to 1-year high in August to 31Mb/d. More from Nigeria, Angola, Sauds. Less from Iran, Venezuela ... 176MCF/d Iran-to-Iraq natgas pipe ready for testing ... India Supreme Court ruled all coal mining licenses issued since '93 illegal. Govt lost up to $31B without competitive bidding. 20% of country's production affected ... Rapid oil production growth in Permian Basin (TX) outrunning ability to get it to markets ... TX Railroad Commission reported TX July oil production avg. 2.15Mb/d, up from 1.68M year ago. June natgas production 602BCF, up 8% on year ... High prices, competition from more efficient diesel engines, lack of NG fueling stations dampening demand for NG-powered trucks. (Looks like T. Bone was just hawking his own interests.) ... Norway still has ~10B bls oil undeveloped. ~6B economic at current prices. Production beyond '15 to be lower than expected from less investment ... Appraisal well in Tanzania yielding 100MCF/d. Supports development of LNG hub ... 2 Japan comps completed 8.2Mw solar project in Japan ... Infigen - Australia wind operator - to focus on US solar amid Australia policy uncertainty ... Suzlon to install up to 400Mw solar in India ... LDK Solar started restructuring.

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