GLG News by Council Members Knowledgeable about Gas to Liquid Technology
Analysis of:
Cleaner Air Means a Warmer Europe (www.spiegel.de)
Europeans have finally recognized you can not just attack one single variable and achieve freedom fro global warming. For example, legislating clean air - no particulates - increases sunlight penetration, resulting in increased surface temperatures. Humans do not understand how earth compensates...
Analysis of:
Akgeria to Seek Short-Term Gas Deals (online.wsj.com)
Algeria is the fourth largest natural gas (NG) exporter being as LNG and/or by pipeline to Spain and Sardinia. Since the LNG developments in the seventies for export to the US East Coast and UK, Algeria's oil & gas company Sonatrach worked with long term contracts. Trying to align NG...
Analysis of:
Petrobras Reports Major Offshore Oil Find (online.wsj.com)
The state run oil company Petroleo Brasileiro SA. (Petrobras) appears to be close to a second offshore oil strike containing as much as 33 billion barrels in oil equivalent. The discovery is in the "presalt area" at ocean depth of more than 6,500 feet and beneath additional 9,800 feet of sand and rock. There...
Analysis of:
Alberta adjusts New Royalty Framework (www.ogj.com)
The Alberta government had started to discourage drilling, especially for natural gas with their last year's published "New Royalty Framework". Now, they have realized the "unintended consequences" and are changing the royalty and tax structure to encourage deep exploratory wells for oil and deep and...
Analysis of:
Shell's future in Nigeria in doubt (www.guardian.co.uk)
The government of President Umaru Yar'Adus is tightning the screws on Shell. Funds are withheld from the production-sharing agreement up to $1 billion and the government does not pay it's part for reduction of natural gas flaring. The resulting unrest of local communities to pollution from...
Analysis of:
Railroad Fuel Surcharges Make Shippers Cry Foul (www.desmoinesregister.com)
The BNSF and other railroads charge in new coal transportation tariffs and contracts a fuel surcharge to recover the cost of fuel. Other freight moves also come under fuel surcharges. The commentary that follows discusses by the numbers the BNSF’s fuel surcharge on...
Analysis of:
Nippon Oil to shutter Toyama refinery (www.ogj.com)
Nippon Oil is closing their small and low complexity Toyama refinery due to lack of process units to convert heavier crudes and high costs in a market with overcapacity.
April 14, 2008
Court Case Against EPA’s Clean Air Interstate Rule Offers Sulfur Allowance Opportunity
Analysis of:
EPA Announces Results of the Sixteenth Annual Sulfur Dioxide Auction (yosemite.epa.gov)
Court Case Against EPA’s Clean Air Interstate Rule Offers Sulfur Allowance Opportunity
The EPA is currently being challenged in the courts by both the states and industry over various aspects of the Clean Air Interstate Rule (CAIR). The outcome of the case could provide an opportunity for those trading SO2 allowances.
April 14, 2008
Current Price of SO2 Allowances Lower Generating Costs and Lower Coal Suppliers’ Realized Prices
Analysis of:
EPA Auctions SO2 Allowances for $65.8 Million (uk.reuters.com)
Current Price of SO2 Allowances Lower Generating Costs and Lower Coal Suppliers’ Realized Prices
SO2 allowances are traded daily in the broker and private party markets. The value of these credits are down, affecting both the cost to generate electricity on coal and the realized sales price received by coal suppliers.
Analysis of:
The Green Exchange Reports Robust First Week Trading Volume in Carbon, US Emissions Contracts (sev.prnewswire.com)
The Clean Air Interstate Rule (CAIR) requires a further reduction in NOx from coal-fired power plants starting in 2009. This reduction in NOx will add to the dispatch cost from coal-fired generation.
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