Filed under: Uncategorized | Tags: climate change, CO2, coal, coal-fired plants, emissions, energy, EPA, EPA rule, greenhouse gases, Natural gas
…on that whole renewable energy thing, let alone make real changes.
WASHINGTON – The Environmental Protection Agency said Friday that it would delay issuance of a new rule limiting emissions of carbon dioxide and other greenhouse gases from new power plants after the electric power industry objected on legal and technical grounds.
The rule, proposed a year ago and scheduled to be finalized on Saturday, would have put in place the first restrictions on climate-altering gases from the power sector in the United States. Agency officials said it would be rewritten to address the concerns raised by the industry, which said that strict new carbon standards could not be met using existing technology.
If we did start moving in the right direction, people would complain bitterly about the ‘inconveniences’ caused.
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: 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: cost of extraction, energy, Kurt Cobb, Natural gas, oil production, peak oil
Here and there on occasion. Kurt Cobb in the CSM:
Currently, there appears to be no new transformative on-the-shelf technology that will significantly reduce the cost of extracting oil and natural gas. And so, barring a deep economic depression, we can look forward to prices for oil and natural gas that are consistently above the cost of production and therefore far above the bizarrely low forecasts in the air today. In fact, we should expect costs to continue to escalate as we seek out resources that are ever more difficult to extract and refine.
Filed under: Uncategorized | Tags: Natural gas, fracking, shale oil, tight oil, tight gas, energy production, Hickenlooper, Colorado Oil and Gas Association, COGC, fracking ban, Frackenlooper, Longmont
This report in the NYT doesn’t mention that our governor Frackenlooper has all but joined the suit in an attempt to overrule the voters of Longmont. If he plays his Weasel Cards right he’ll be a cabinet member some day.
The lawsuit, filed on Monday by the Colorado Oil and Gas Association, seeks to overturn the ban on the contentious practice that passed by a wide margin last month in the northern Colorado city of Longmont. The measure, the first of its kind in the state, still allows oil and gas drilling within city limits, but it prohibits hydraulic fracturing, which has lifted energy production across the country but has raised concerns about air and water contamination.
Filed under: Uncategorized | Tags: Arctic Ocean, energy trade, Finnmark County, icebreakers, Japan, Japanese LNG imports, LNG, LNG trade movements, Melkoya, Natural gas, northern route, Ob River, sea ice, shipping routes
Gas tanker the “Ob River” took the cargo aboard at Melkøya, Finnmark County, on 7 November. The ship is now lying outside one of Japan’s major LNG terminals in Japan waiting to unload 134,738 cubic metres of liquefied natural gas.
He estimates the sailing season in the north lasts from the very end of July to the first half of November.
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: Uncategorized | Tags: Afghanistan, afghanistan pakistan, energy, India, India oil imports, Iran, Natural gas, natural gas exports, natural gas imports, Pakistan, TAPI, Trans-Caspian pipeline, transportation, Turkmen gas pipeline, Turkmenistan
Filed under: Uncategorized | Tags: China, energy, fracking, good cop-bad cop, jobs, LNG, LNG exports, LNG trade, Natural gas, natural gas trade movements, Obomney, OMG, RBAC, Robama, shale gas, tight gas, trade deficit
“We are confident that either one would be supportive of LNG exports,” Cooper told Rigzone.
U.S. LNG imports, which peaked at nearly 2.4 billion cubic feet per day in 2007, have fallen substantially as the growth in North American gas production due to shale gas, according to an Oct. 18 report by RBAC Inc., a company that develops and licenses management decision support systems for the energy industry. As a result, LNG facility backers are now seeking to outfit existing U.S. LNG import facilities with liquefaction equipment to ship LNG overseas.
Proponents say U.S. LNG exports will benefit the United States by creating construction jobs, and generate revenue to reduce the U.S. trade deficit through LNG sales and federal, state and local government tax revenues.
Know what else creates jobs and generates revenues? Cheap domestic gas. Exporting gas which would otherwise be flooding the U.S. market would raise the price for Americans. This would probably destroy a lot more jobs than would be created to build and maintain LNG terminals. The job-creation argument goes out the window.
In the meantime, the negative consequences of energy production would accrue right here in America.
Are western Americans willing to sacrifice their water so international companies can frack their shale gas and ship it to China? Robomney bets yes.