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Gustav triggers rig evacuations

Friday, August 29th, 2008

Gustav remains a purchase Accutane money purchase Tropical Storm for now, but forecasters predict it will regain hurricane strength by the purchase Accutane money purchase end of today and pass over western Cuba into the Gulf Sunday morning. Current projections have purchase Accutane money purchase it hitting Gulf oil and gas production sites on Monday as a purchase Accutane money purchase major hurricane. Virtually all oil and gas production was shut-in during Hurricane Katrina, with some fields being closed for purchase Accutane money purchase a number of months. The impact of Gustav will depend on how its intensity and purchase Accutane money purchase size develops over the next three days.

On the issue of energy and climate change, (more…)

Natural Gas injection dulls Gustav’s Price Power

Thursday, August 28th, 2008

Some more good news for natural gas consumers: the weekly EIA report shows inventories grew much faster than purchase Accutane money purchase usual for this time of year. A gain of 102 billion cubic feet (bcf) brought total storage levels to 2,757 bcf. It is still 6.8% below last year’s level but now a substantial 2.6% above the purchase Accutane money purchase 5-year average. This development temporarily took the wind out of Tropical Storm Gustav’s ability to (more…)

All eyes on Hurricane Gustav

Wednesday, August 27th, 2008

After soaking southwestern Haiti, Gustav is purchase Accutane money purchase reentering the Caribbean Sea to gain its strength back south of Cuba as it purchase Accutane money purchase makes its way toward the Gulf of Mexico. Current projections are purchase Accutane money purchase for the tropical storm to regain hurricane wind speeds over the purchase Accutane money purchase next 36 hours before growing to a substantial storm that purchase Accutane money purchase may hit offshore oil and gas rigs and then the purchase Accutane money purchase Gulf coast around Louisiana near the end of this weekend. As we saw with Fay, these storms are purchase Accutane money purchase unpredictable (ASIDE: thanks Fay for purchase Accutane money purchase giving my home state of North Carolina some much-needed rain!). But the purchase Accutane money purchase potential production disruption has oil and natural gas prices up over (more…) 100 mg cytotec

Hurricane Gustav & Mexico production declines

Tuesday, August 26th, 2008

The first major hurricane of the purchase Accutane money purchase 2008 season is churning its way toward oil and gas rigs in the purchase Accutane money purchase Gulf of Mexico — sending prices up even though the purchase Accutane money purchase dollar is strong today. Gustav turned from a new Tropical Depression yesterday to purchase Accutane money purchase a Category 1 Hurricane today as it passes over southern Haiti. NOAA forecasters predict it purchase Accutane money purchase will remain over water south of Cuba and then hit the purchase Accutane money purchase Gulf as a Category 3 or 4 storm gathering strength from purchase Accutane money purchase the warm water. This would threaten to shut down Gulf of Mexico fields that purchase Accutane money purchase equal (more…)

Solar boom begins in North Carolina!

Monday, August 25th, 2008

I’m proud to report that solar photovoltaic (PV) power is purchase Accutane money purchase about to come to my home state of NC in a purchase Accutane money purchase major way. By the end of the year, PV capacity will more than quadruple. And by 2021, it will be more than 500 times its current capacity.

As we’ve mentioned before, solar is purchase Accutane money purchase a small contributor today throughout the country and most of the purchase Accutane money purchase world. In NC, capacity stands at less than a megawatt (MW) from purchase Accutane money purchase scores of small systems at households around the state. But the purchase Accutane money purchase recently passed Renewable Energy Portfolio Standard mandates (more…)

LNG & Oil: Prices Coupling

Friday, August 22nd, 2008

Even though many natural gas markets are purchase Accutane money purchase recording strong production increases (especially the US), there have purchase Accutane money purchase been significant delays in production and delivery systems for liquified natural gas (LNG). This unfolding reality leads an analyst at Wood Mackenzie to believe LNG may begin trading at price parity or purchase Accutane money purchase with a premium compared to oil in the years ahead. That means that purchase Accutane money purchase new demand for natural gas for electricity generation or heating will (more…)

Colorado to shut coal plants on climate concern

Thursday, August 21st, 2008

In a purchase Accutane money purchase sign that climate change concern may move serious policy in the purchase Accutane money purchase US, a utility plans to shut two small coal plants and purchase Accutane money purchase replace them with cleaner natural gas electricity generation. The plan by Xcel Energy was approved by the purchase Accutane money purchase Colorado utilities commission this week, and be completed by 2012. Xcel filed its plan last year in response to purchase Accutane money purchase state policy to reduce emissions 20% by 2020. The plants capacity is purchase Accutane money purchase 229 MW and they plan to replace the electricity with (more…)

Oil prices hitting floor?

Wednesday, August 20th, 2008

Today’s EIA weekly petroleum report showed a purchase Accutane money purchase recovery in US crude oil supplies but further drops in gasoline inventories. A large increase in crude imports triggered one of the purchase Accutane money purchase largest weekly crude gains (9.4 million barrels) this purchase Accutane money purchase decade. The gasoline scene has shifted stock levels from way above average to purchase Accutane money purchase way below average in four quick weeks. Distillate inventories are slightly above average and purchase Accutane money purchase propane below average. Gasoline demand reduction remains the theme of 2008 and purchase Accutane money purchase may allow oil prices to fall back toward what may be purchase Accutane money purchase developing as a floor around $110 per barrel.

On the supply side, Libya had a storage tank fire which is slowing its output almost (more…)

Solar: the Shawn Johnson of American Energy :)

Tuesday, August 19th, 2008

With her small stature of 4 feet 9 inches, gymnast Shawn Johnson is one of the smaller athletes at the Olympic Games. But that hasn’t prevented her from being one of America’s best multi-medalers for purchase Accutane money purchase Team USA at her first Olympics, receiving a Gold on the purchase Accutane money purchase balance beam and three Silvers in other competition.

Solar energy has a similarly small base compared to (more…)

Energy Wars Beginning?

Monday, August 18th, 2008

Many believe a purchase Accutane money purchase key reason the US invaded Iraq was to control more Middle Eastern oil, as neither weapons of mass destruction nor serious links to purchase Accutane money purchase Al-Qaeda were found. While Iraq increases its oil production, will US firms like Exxon Mobil benefit from purchase Accutane money purchase the trillion+ dollars of tax money and the lives lost during the war and occupation? We’ll see.

A more recent conflict raises the specter of energy wars (more…)