Great news for the US balance of trade. Starting on 2015 the US will begin to export Liquified Natural Gas (LNG). As the US has a glut of natural gas, this action will up demand by opening another market. There is a great deal of uncertainty on the future of the world LNG market, but European and Asian demand remains strong. If you’re hoping for the US to become a net crude oil exporter, we a long way off from there.
Exxon has an agreement with Kurds of northern Iraq to develop 6 oil fields. The problem is the Iraqi government has failed to pass an oil law, since 2007. Oil revenue is key to funding the rebuilding of Iraq. Also with the problems in Iran, having stable oil production Iraq is even more critical. But, Kurdistan has suspended exports due to lack of payment from Baghdad
Source: Washington Post
Japan is leaving many of its Nuclear reactors offline for a variety of reasons. The result is Japanese imports of oil and gas have gone up considerably. As I have said before there is no perfect solution for energy, and for Japan I can see how, in a post fukushima world, is wary of the risks. However, this is going to have a real increase in CO2 emissions and make Japan more dependent on a less stable middle east. Particularly as Iran tries to join the nuclear club, and as Iran’s oil exports on constricted by sanctions. This could serve as a portent of what the future holds for Germany, as it plans to shutter its nuclear reactors by 2022. Germany has no need to do this as they are not at a high risk from a large earthquake or tsunami.
Source: Washington Post
In the energy market there are no options that are problem free, clean, renewable, safe, reliable and scalable. US policy makers should be aware of this, because no matter what is done there will be people who are unhappy. Getting the best solution is about choosing the best of a set of imperfect options.
From 1981 in a paper called “Climate Impact of Increasing Atmospheric Carbon Dioxide” published in the journal Science. This very early paper on global warming was strongly predictive and projects delta+4C by 2100 ce (also in line with current projections). It also provides a very detailed explanation of how global temperature change was discovered and analyzed. Several gasses are examined not just CO2. As interesting from a math models perspective as from a climate science one. The who paper explains the part of the “global cooling” errors.
A check list to increase your MPG TODAY. Most of these things involve buying nothing. Many people think they have little or no control over their fuel cost but there are several things people can do to save a little bit of money without changing where they drive or what they drive. Warning: may cause Nempimania.