Filed under: Uncategorized | Tags: bailout, Brussels, CH4, Cyprus, ECB, energy, EU, euro, Gazprom, Israel, Lebanon, Levant, Levant Basin, Leviathan, Natural gas, Russia, Syria
Cyprus has known from the beginning that its bailout is tied to its potential petrol dollars, while the EU has attempted to couch this in all manner of moral-high-ground rhetoric.
What will the EU do now? Will it bail Cyprus out on kinder terms to keep Russia from getting hold of the island’s gas? Monday is D-Day: This is the deadline the European Central Bank has set for Cyprus to come up with $6 billion in order to “qualify” for a bailout package.
Cyprus is playing Russia and the EU offer each other right now, hoping to bring the specter of a deal with Russia close enough to make Brussels blink and give Cyprus more negotiating power.
Watch the deals in progress with this in mind: Not only is Cyprus’ financial collapse at stake here. Also at stake is Russia’s monopoly on the European gas market and the Europe’s entire gas future.
via Oilprice.com: EU Caught Playing Dirty and it’s all about Russian Gas.
Filed under: Uncategorized | Tags: CH4, China, Chindia, CO2, coal, electricity, energy, India, Peak Smart, power plants
Forgetting to start our renewable energy project.
Global demand for coal is expected to grow to 8.9 billion tons by 2016 from 7.9 billion tons this year. China is expected to add about 160 new coal-fired plants to the 620 operating now, within four years. During that period, India will add more than 46 plants.
Filed under: Uncategorized | Tags: Bakken, CH4, fracking, horizontal drilling, Natural gas, natural gas flaring, North Dakota, oil production, shale oil, taxes, tight gas, tight oil
Rampant waste and environmental degradation have been part of the Bakken boom. The state doesn’t care about that, but it wants its taxes.
Helms estimates that about 30% of the gas produced in the state is flared, since development of takeaway infrastructure has not matched the pace of drilling.
Producers are currently allowed to flare gas for a year without paying royalties. The new bill would extend that tax-exempt period for two more years if an operator can collect at least 75% of the produced gas.
Filed under: Uncategorized | Tags: air pollution from fracking, CH4, Clean Air Act, EPA, fracking, gas drilling, greenhouse gases, hydraulic fracturing, methane, New York, oil and gas production, Schneiderman
Schneiderman said that the coalition of states “can’t continue to ignore the evidence of climate change or the catastrophic threat that unabated greenhouse gas pollution poses to our families, our communities and our economy.” He said Connecticut, Delaware, Maryland, Massachusetts, Rhode Island and Vermont joined in sending a required 60-day notice of intent to sue to EPA.
Pennsylvania, West Virginia, and Ohio – all states with intensive oil and gas drilling – didn’t join in the campaign. None of the states that sent the notice to the EPA are major producers of oil or gas
Filed under: Uncategorized | Tags: Ahoy, Avast!, backstroke, CH4, F'NG, FLiNG, FLNG, George H. W. Bush, green, green gas, liquified natural gas, LNG, Michael Phelps, Natural gas, natural gas production, offshore Australia, OMG, Royal Dutch Shell, Shell, swimming, talk like a pirate, WHOA, zero hedge
Floating Liquified Natural Gas Facility (FLNG).
Shouldn’t that be FLNGF? Don’t pretend there’s no F-word on the end. Wouldn’t all of our acronyms be so much better if we could just make up the rules as we go along.
Developed after 10 years of research, using 600 engineers, and 1.6 million man-hours (182.5 years equivalent), Shell has manged to compact the size of a traditional LNG plant to a quarter of its land size. As Wired explains: “by stacking components vertically and using deep-sea water to cool the gas to its liquid state, the FLNG saves dramatically on deck space and enables the whole facility to occupy an area of roughly 4 football pitches: 28,500 square meters. One of its most innovative features involves the the plant’s unique location: an assembly of eight one-meter diameter pipes will extend 150m below the ocean’s surface, delivering around 50 million liters of cold seawater an hour, used to cool the gas.”
Filed under: maps | Tags: bubbling, bubbling sites, CH4, energy, LA, louisiana, Louisiana sinkhole, methane, Natural gas, sink hole
The Louisiana sinkhole.
Filed under: Uncategorized | Tags: Arctic, arctic ice, CH4, climate, global warming, greenhouse gases, methane, mryhsnr, science, Wadhams
Wadhams measures the ice.
“At first this didn’t [get] noticed; the summer ice limits slowly shrank back, at a rate which suggested that the ice would last another 50 years or so. But in the end the summer melt overtook the winter growth such that the entire ice sheet melts or breaks up during the summer months.
“This collapse, I predicted would occur in 2015-16 at which time the summer Arctic (August to September) would become ice-free. The final collapse towards that state is now happening and will probably be complete by those dates”.
Wadhams says the implications are “terrible”. “The positives are increased possibility of Arctic transport, increased access to Arctic offshore oil and gas resources. The main negative is an acceleration of global warming.”
“As the sea ice retreats in summer the ocean warms up (to 7C in 2011) and this warms the seabed too. The continental shelves of the Arctic are composed of offshore permafrost, frozen sediment left over from the last ice age. As the water warms the permafrost melts and releases huge quantities of trapped methane, a very powerful greenhouse gas so this will give a big boost to global warming.”