GLG News by Oil and Gas Refining Experts (North America)
Analysis of:
EPA decides to classify gasification units in refineries as basic production units (www.hydrocarbonprocessing.com)
Floating storage and regasification units (ships), being offshore integrated LNG storage and regasification plants to send NG by pipeline to shore are arbitrarily target to be excluded from LNG supply to our needy NG states, such as California and the Gulf Coast States. Section 319 of H.R. 2830...
Analysis of:
Daimler seeks to clear the air on SCR (fleetowner.com)
EPA regulations in 2010 will require significant reductions in NOx emissions from diesel trucks. SCR catalysts are the likely solution for most OEMs but Cummins and International have announced plans to proceed without SCR. Significant fuel cost and performance tradeoffs are being...
Analysis of:
Climate facts to warm to (www.theaustralian.news.com.au)
The Australian article is challenging to the advocates of global warming. In particular the results of the NASA Aqua satellite leads to the conclusion that the earth is compensating for increased CO2 by changing the weather patterns. These findings are not disputed by the meteorological...
Analysis of:
Sulfuric acid costs jump due to ethanol demands (www.midiowanews.com)
Demand for sulfuric acid continues to grow in fertilizer and metals applications. As prices skyrocket ethanol producers are finding their margins squeezed. Sustained demand for acid in Ag and mining sectors may keep sulfuric acid prices at or above current levels for the foreseeable fut...
Analysis of:
Papua New Guinea LNG JV signs joint operating agreement (www.ogj.com)
Based on the favorable results of their economic impact study ExxonMobil signed a joint operating agreement (JOA) for a PNG LNG project with their partners Oil Search 34.1 %, Santos 17.7 % AGL energy 3.6 %, Nippon Oil 1.8 % and land owners 1.2 % with Exxon 41.6 %.
Analysis of:
Total acquires interest in Alaskan blocks (www.ogj.com)
Total is joining Chevron in the exploration of the White Hills blocks in Alaska. Chevron will operate the blocks with 70% interest and Total will cooperate with 30% interest.
Analysis of:
US Senate votes to extend OCS, oil shale moratoria (www.ogj.com)
H.R. 6 enacted in December 2007 demands US independence from foreign oil and gas sources. Nevertheless, the US Senate - without proper hearing - voted to extend the OCS (Outer Continental Shelf) and oil shale moratoria. This political move has to be defeated and sanity returned to our energy ...
Analysis of:
Bid on Coal Tract Nearly Doubles (www.gillettenewsrecord.com)
Coal lease rates in the PRB are climbing and will cut in coal companies’ margins as exhibited by Foundations recent successful lease bid and Rio Tinto’s higher, but unsuccessful bid. Also, the upfront payments are due often before the coal is even mined.
Analysis of:
Britain and France to take nuclear power to the world (www.guardian.co.uk)
The highly developed French nuclear power industry provides nearly 79% of France's energy needs. The UK was in the mode of decommissioning their nuclear power plants. However, declining North Sea fossil fuels and preventing potential dependance on Russian gas reawakened the British nuclear...
March 20, 2008
Fuel Surcharge Recovery Lag and Inclusion in Only a Portion of Agreements Affects Railroads’ Quarterly Earnings
Analysis of:
Burlington Northern's Freight Demand Slows on Dollar (www.bloomberg.com)
Fuel Surcharge Recovery Lag and Inclusion in Only a Portion of Agreements Affects Railroads’ Quarterly Earnings
Railroads impose fuel surcharges in transportation agreements such as for coal transport, but the recovery mechanism timing follows the railroads’ purchase of the fuel causing an earnings lag. Also, legacy coal transportation agreements do not have fuel...
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