BP admitted "some" fossil fuel reserves must stay in ground to keep global warming at "safe" levels.
UAE could expand oil production 30% by '20 with enhanced oil recovery tech. Now at 2.9Mb/d.
BP to supply LNG to China power utility. $10B deal over 20 yrs, 1M metric tons/yr.
60% chance of Venezuela default in '16.
Shell Ok'd to explore offshore Nova Scotia. Est. reserves up to 120TCF, 8B bls.
US oil rig count down 1 last week, NG rigs up 1.
About 16 idled coal mines in WV, KY, TN in Alpha bankruptcy sale.
Coal shipments to China down 30% 1st 9 mo of '15 to 156M tons. Could fall 25M tons in '16 after further 4Q drop.
Battery storage now competitive with new peak NG power plants in Cal: utilities.
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