GLG News by Dr. Hans Linhardt, President
GLG News is now G+ Insights
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Congress has to value our natural gas reources
May 25, 2009
Natural Gas Falls 9.2% as Demand Is Missing | online.wsj.com
Natural Gas ("NG") prices are down another 9.2%. This is the time - like the stock market at the trough - to invest in NG exploration and production to catch the uptick in demand and price within the next couple of years. The green Obama energy phantasy does not create sustainable jobs and does not make any real dent in the drive for energy independence. Just talk and no walk.
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Cap and Trade favors Coal vs. Natural Gas - a Fundamental Flaw
May 21, 2009
Oil Refiners Predict Higher Gas Prices | online.wsj.com
There is no question that the Waxman - Markey Energy Bill with a convoluted cap and trade legislation and with politically softened free carbon certificates for certain industries in certain politically attractive states will lead to higher gasoline prices for all other states. Energy and carbon should be treated even handed across the playing field.
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DOE 2010 budget not focused and/or transparent
May 21, 2009
U.S. DOE to Withdraw Fuel Cell R&D, Restart Funding for FutureGen Project | www.chemweek.com
One has to read the Chemical Week article on "U.S. DOE Withdraw Fuel Cell R&D, Restart Funding for FutureGen Project" several times to get some hint where the $ 26.4 billion DOE budget will go for 2010. Of course, it is not surprising that FutureGen (IGG coupled with CCS) is back on stage. The plant will now be located in Matton, IL. and not in Texas.
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OCS in Alaska does not need lawyer's incompetent rulings but actions by DOE and DOD
May 13, 2009
Salazar seeks clarification of ruling vacating current OCS program - Oil | www.ogj.com
The US District Court of Appeals vacated the 2007-20012 program of the Bush administration of the Alaskan OCS program because of claimed lack of sound science when expanding the leasing areas in the Beaufort, Bering and Chukchi seas.
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Oregon LNG terminal may have a future
May 12, 2009
FERC recommends more mitigation steps for Jordan Cove LNG project, Oil | www.ogj.com
FERC more or less approved the Oregon Jordan Cove LNG project, but waiting for final EIS and state approval.
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May 4, 2009
Alternative Energy's Fortunes Shift With the Winds | online.wsj.com
One has to admire the determination and vision of James Dehlsen, the founder of Zond Systems, sold to Enron in 2000, and later founded Clipper Windpower. By now James has learned that wind is fickle and to achieve utility type of reliability of wind power is a long road to travel. Expensive business with high contract liabilities, and now few investors are brave enough to step on the plate.
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Natural Gas to the rescue of new energy legislation
April 30, 2009
U.S. Gas Fields Go From Bust to Boom | online.wsj.com
The shale gas developments in Texas (Barnett), Oklahoma (Fayetteville), Louisiana (Haynesville) and Pennsylvania (Marcellus) are providing now a surplus of about 8% over demand. While the present state of renewable power from wind and solar plants can only cover a small percentage of the national energy demand, natural gas from the shale fields cam displace coal fired plants with fifty percent reduction of carbon footprint. Natural Gas (NG) is also promoted by T. Boone Pickens for transportation fuel. While Haynesville with an estimated 200 trillion cubic feet of NG is the largest play, industry studies estimate the U.S. has more than 2,200 trillion cubic feet of NG reserves to be tapped, promising to displace 360 billion barrels of oil.
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Renewable power does not cut it - nuclear power has to be rejuvenated
April 21, 2009
It's time for the Administration to Reconsider Nuclear Power | www.pennwellblogs.com
Since 1998 global temperatures have cooled down. From West Virginia to Wyoming 80% of the electricity is provided by coal plants. Wind and solar are only playing a niche role -due to government subsidies - and can not run an industrial economy. There is even opposition of environmentalists to solar power when disrupting the environmental beauty and romantic of the desert. Of course, there are also serious water issues for concentrated solar power plants. Wind is discontinuous and needs large natural gas fired gas turbine back-up plants. Also environmental issues surface about the disturbance of bird migrations and habitats from the presence of large wind farms with unpredictable consequences for local weather changes and increased air turbulence. In view of the above facts nuclear power has to to be taken seriously.
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Exxon to combine PRW -Rocketdyne with flexicoker technologies
April 21, 2009
ExxonMobil working with Pratt&Whitney Rocketdyne to develop advanced gasification technology | www.businesswire.com
Last October ExxonMobil signed a working agreement with Pratt & Whitney Rocketdyne to combine technologies to develop a more efficient and compact, lower cost gasification process for coal, coke and waste feeds.
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LNG - Indonesia down - Gazprom struggles - Qatar-Exxon up
April 20, 2009
Indonesia scrambles to sell diverted gas at home | www.ogj.com
Due to the economic downturn - and contract changes - Japan, Taiwan and South Korea cancelled 18 LNG cargoes from Indonesia.
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April 20, 2009
How Carbon Dioxide Became a "Pollutant" | online.wsj.com
The dialectic and legally convoluted new CO2 announcements of the EPA are unrealistic and an investment in real knowledge, according to Benjamin Franklin, always pays the best interest. EPA's declaration of CO2 being a hazard to human health has no realistic and scientific foundation. Benjamin Franklin would just laugh Pelosi and Read out of Congress.
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Missile defense on land and space to be ahead of green dreams
April 7, 2009
Pentagon pushes weapon cuts | online.wsj.com
Defense Secretary Robert Gates has thrown the dice: advanced weapon systems are to be cut in favor of low-tech weapons for winning unconventional conflicts as the war in Afghanistan. This decision will lead to thousands of lay-offs of desperately needed skilled defense and aerospace workers.
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Entropy analysis to define realistic energy legislation
April 5, 2009
GOP alternate budget includes energy steps | www.ogj.com
US House Republicans presented an alternate energy strategy and budget including "all of the above". Pelosi and Waxman have made their mark with their ideological jihad type of green energy pending legislation. It is time to become realistic.
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CO2 is a valuable industrial gas
March 26, 2009
Air LIquid to build Carbon Dioxide recovery unit in Australia | www.chemweek.com
Air Liquid, one of the global leading industrial gas companies, is investing in a 69,000 m.t. CO2 recovery plant at the BassGas natural gas plant in Australia. The liquid CO2 is meeting industrial demand.
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March 25, 2009
First LNG cargo arrives at South Hook terminal | www.ogj.com
ExxonMobil (Exxon) delivered their first LNG cargo from Qatar to the UK South Hook LNG receiving terminal in Milford Haven, Wales The terminal has a receiving capacity of 2 bcfd.
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EPA becoming irrelevant - just a green political tool
March 25, 2009
EPA proposal calls global warming a threat to public health | www.ogj.com
According to US Rep. Edward Markey (D-Mass) EPA determined in a proposal to the White House that "global warming is a threat to public health and welfare".
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March 24, 2009
States vies for share of clean-coal cash | online.wsj.com
Per WSJ, 23-Mar, page A3, $3.5 billion have been allocated by DOE for funding investment in pioneering clean-coal technology, including power plants with potential CO2 CCS (carbon capture and sequestering). Texas and Illinois are competing for project funding.
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LNG imports give time to reanalyze MTBE and MDE
March 23, 2009
US LNG market may get 2 bcfd summer surge | www.ogj.com
LNG is coming to US terminals in 2009 due to favorable economics and large terminal capacities (10 bcfd) presently mostly idle at ~ 1 bcfd total imports.
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March 20, 2009
Valero outbids ADM for Vera Sun plants | online.wsj.com
According to 19-Mar WSJ, page B8 Valero Energy outbid ADM on seven corn based ethanol plants of bankrupt Vera Sun. The seven ethanol plants will cover about one half of the ethanol requirements of Valero per the federal mandate of 2008.
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March 19, 2009
Asian buyers to divert contracted Indonesian LNG | www.ogj.com
According to On-Line Oil&Gas Journal, dated 16-Mar, 12 cargoes of contracted LNG by Indonesia may be diverted to the global LNG market by buyers from Japan, South Korea and Taiwan. Demand in the three Asian nations has declined and with their "Japanese cocktail price structure - including also crude" - they believe they can sell their excessive LNG to Western markets at a profit.
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