AT $50 OIL RUSSIA CAN'T PREVENT FURTHER COLLAPSE OF RUBLE .... Wave of writedowns, impairment charges, bankruptcies about to hit oil industry if prices don't go back up. Up to $1.6T of earnings could go up in smoke. (Though that means $1.6T of savings for companies, consumers.) .... Oil prices at $50 or lower pose serious threat to US employment .... Sauds raising oil prices for Asia 60 cents/bl, lowering them for Europe to $4.65 below Brent .... College professor says it would take 114 rigs in Bakken, 175 in Eagle Ford to keep production flat. Decline rate for Bakken wells 45%. 35% for Eagle Ford. Rig can drill up to 18 wells/yr. EIA says Bakken decline rate 54%, Eagle Ford 62%. Well takes avg 120 days to complete .... Bakken close to peaking. May be this year .... US exported 502K bls crude oil, condensates in Nov. Highest amount in records going back to 1920. 91% to Canada .... For states that don't file carbon-cutting plans for power plants, EPA will impose "model" rule .... Brazil president's pick for science minister rejects global warming climate change science .... Eurozone now in deflation .... World Bank advising developing countries to use oil price drop to cut fuel subsidies. (Some have already.) .... Fracking built up subterranean pressures that repeatedly caused slippage in an existing earthquake fault as close as half mile beneath Ohio wells .... RIN prices up 50% in past month in US as blenders buying them instead of ethanol .... N America cellulosic ethanol production capacity reached 800M gal/yr in '14, almost double capacity in '11 .... Corn futures under $4/bushel with slipping ethanol production .... 12 banks, including Africa Development Bank, EIB funding 310Mw wind project in Kenya. 365 Vestas turbines, transmission line, substation .... Idaho PUC approved First Wind solar projects. 5 20Mw farms. Online by '17 .... S Africa OK'd Solar Reserve (US), ACWA (Saudi Arabia) to build 100Mw solar thermal plant. $715M. Online in '18 .... Google, Prudential investing $157M in Utah 104Mw solar project. Online by yearend. $188M. Scatec Solar (Norway) building, to operate .... Sinar Mas aims for 1Gw biomass power in Indonesia .... India released guidelines for 3Gw solar auction .... SDG&E launched $435M clean power transmission line .... US needs "modernization" of crude reserve: Moniz .... Idaho fined DOE over stalled nuke waste cleanup.