Burn Likely to Continue to Be Down for Several Months
April 27, 2009
Genscape Coal Burn Falls 2 Percent Below Same Week 2008 | uk.reuters.com
Domestic thermal coal demand is likely to continue to be down for several more months, with nothing positive on the immediate-horizon.
And there really are unicorns and if you see one you will live forever
April 23, 2009
Obama: Earth Day Speech Touts Green Jobs, Cap-and-Trade | blogs.wsj.com
The "green economy" has the potential to produce significant job growth but the Cap-and-Trade portion of this plan is failed. Cap-and-Trade is a reward for irresponsible behavior and will not remove one ounce of CO2 from the atmosphere. This is a system ripe for manipulation and corruption. It will actually increase prices and could serve to limit the value of the alternative energy initiative and job creation.
April 20, 2009
Are Old Tires Fuel or Solid Waste? - Green Inc. Blog - NYTimes.com | greeninc.blogs.nytimes.com
Used tires, along with used plastic containers, used aluminum cans and a host of other manufactured good are at the same time fuel and recycled feedstocks as well as solid waste and are important parts of the energy/environmental equation. They are a substantial risk to the environment if not properly disposed of and are a hazardous waste if left to landfills or "used tire mountains" exposed to the environment. Used tires have a place in the whole business of recycling and environmental responsibility.
Key Features of Draft Climate Bill
March 31, 2009
Democrats Unveil Climate Bill | www.nytimes.com
House Democrats issued a draft climate bill titled “The American Clean Energy and Security Act of 2009” on March 31, 2009 which proposes to reduce CO2 emissions and require the development of renewable energy on a nationwide scale. The section that follows highlights important provisions contained in this 648 page draft bill.
Amorphous Metal and Smart Grid for Distribution Network Loss Reduction
March 30, 2009
Making every electron count: the rise of the SmartGrid | www.deloitte.co.uk
In 2009, over 16 percent of all energy used is expected to be in the form of electricity, up from 9 percent in 1973. The losses average about 8.8 percent for the world, though in US and Europe the same is 7%.Currently, the average efficiency of the world's legacy electricity grids is around only 33 percent. This contrasts with 60 percent efficiency for grids based on the latest technologies. The future technologies for distribution networks will include amorphous metal, copper and smart grid technologies.Further, the cost of power outages and power quality disturbances is estimated at $180 billion annually in the United States alone.The stimate for the world would be around $768 billion.The smart grid technology can reduce this considerably.
Can Obama's Cap and Trade Rescue The Amazon and The Andes From Deforestation
March 30, 2009
A NAFTA for carbon trading? | features.csmonitor.com
As per a feature by Eoin O'Carroll in the 16th March edition of Christian Science Monitor, he reports that David Cleary, the director of conservation planning for South America at The Nature Conservancy, has suggested using some carbon market revenues to support initiatives south of the American border. Current international policy, including the Kyoto Protocol, does not recognize the protection of forests as a source for carbon emission reductions. Developing nations cannot receive credits for reducing heat-trapping gases from one of their biggest sources: deforestation. Yet, if the Amazon goes, the climate shifts will hit the United States almost as hard as Brazil, Peru and the other Amazonian countries. Therefore a NAFTA for carbon trading would allow American companies to spend the revenues from carbon trade on deforestation and to include a provision in the U.S. carbon trading system that allows U.S. companies to gain carbon credit for offsets in Latin America?
The Dimming Reality of Rio Tinto and Chinalco Deal
March 30, 2009
Market upturn may deflate Rio-Chinalco deal | www.reuters.com
Prospects may dim for Rio Tinto's $19.5 billion proposed link-up with Chinalco if strong markets boost the attraction of a rights issue and investors believe a new chairman is more willing to consider alternatives.
Life After New Rules: Is Colorado Oil Industry Losing Steam?
March 30, 2009
Colo. lawmakers approve landmark oil, gas rules | www.sfgate.com
The new Colorado gas and Oil Industry rules give more weight to public health and safety, wildlife habitat and migration, and environmental protection when state regulators consider applications for new oil and gas wells. However opponents feel that they could cost the state more oil and gas jobs during the recession. The House passed the rules arguing that the health and safety of Coloradans who live in energy-producing areas should not be compromised.
Key To Canadian Oil Sand Development is M&A, Suncor Petro-Canada Sets The Trend
March 30, 2009
Suncor's Petro-Canada bid may spur more deals | www.reuters.com
While larger oil sands players like Exxon Mobil Corp and Royal Dutch Shell aren't likely to see any cost savings by acquiring rivals, there may be benefits for smaller players. Thus the Suncor Energy's deal to buy rival Petro-Canada may set in a wave of such buyouts or mergers for consolidation hoping for cost savings and a stronger balance sheet for seeking financing and independence, as Suncor is targeting.
Brazil's Burgeoning Oil Industry:High Stakes On Petrobras
March 29, 2009
The next oil giant? Brazil's oil industry has big hurdles to clear | www.economist.com
With the massive oil find in the Santos basin, Brazil is on its ways to become a major oil producer of the world. However the present global scenario poses serious challenges to oil field development.The onset of a sharp global economic slowdown coupled with recent currency-derivatives losses and continued uncertainty regarding the value of the Real has brought financing constraints and low risk appetite on the part of foreign investors. Thus with hardly any foreign capital available, large Brazilian companies are therefore increasingly likely to rely on local banks for credit at high premium spreads pushing the cost of borrowing upwards. Concurrently, the Brazilian Government is redefining the policy for private participation in oil field development. An approach under consideration is to turn concession contracts into production-sharing agreements with Petrobras after recovering fixed costs, a departure from the existing royalty or participation tax based contracts.
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
It's too early in the game to write off Shtokman
December 8, 2011