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Atlantic Coast Pipeline Corporate Backers Fund Faulty Pro-Pipeline Poll

Atlantic Coast Pipeline Corporate Backers Fund Faulty Pro-Pipeline Poll

On May 9th, 2017, a group called EnergySure tweeted:


Don’t believe the hype. Majority of voters support reliable energy & the . http://ow.ly/xxr330bAfc6 

Photo published for EnergySure - Standing Up for Reliable Energy

EnergySure – Standing Up for Reliable Energy

The EnergySure Coalition is a group of businesses, organizations and individuals across North Carolina, Virginia, West Virginia and beyond that is standing up for reliable energy in our region.

energysure.com


The tweet was referring to the results of an October 2016 poll by the Tarrance Group that claimed 55% of likely Virginia voters supported the controversial Atlantic Coast Pipeline (ACP).

This claim is dubious, however. The underlying poll was based on a single loaded question, performed by a pro-industry conservative polling company with ties to a pro-ACP politician, and backed and paid for by the same corporate interests that are pushing for the pipeline.

EnergySure is a business-backed coalition that in part operates as a public relations wing for the ACP. The group is funded by the four companies behind the pipeline — Dominion, Duke Energy, Piedmont, and Southern Company Gas. EnergySure and its members include the companies behind the ACP, local and state chambers of commerce, and a who’s who list of energy and construction industry backers and business organizations, from the Virginia Coal and Energy Alliance to the North Carolina Petroleum Council.

The timing of the EnergySure tweet is not coincidental. Dominion, the main force behind the ACP, is facing political heat at home, with a leading Democratic gubernatorial candidate sharply opposing the pipeline.

Grassroots action is also escalating. On May 10th, scores of protesters demonstrated outside its annual shareholders’ meeting. This poll result that EnergySure tweeted about last week was the same one it first tweeted about last October — a move back then that was also brought on by a sense of growing resistance to the pipeline.

…click on the above link to read the rest of the article…

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Refinery

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. shale production will continue to grow along with global demand.

Robert Johnston, the CEO of one of the world’s biggest political risk consultancies, is unconvinced. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

What I don’t hear people asking is, ‘then what?’ Are the Saudis going to maintain these production cuts forever, or at some point do they have to start reversing that? I think in 2018 they will be reversing those production cuts,” he said. These important questions aren’t getting enough attention according to Johnston, whose firm Eurasia Group foresees a fast-approaching supply gap that Saudi Arabia and U.S. oil may not be able to fill.

Eurasia Group forecasts about 7 million barrels per day (MMbbl/d) of new crude supply by 2022. This includes about 5 MMbbl/d of U.S. shale growth and about 2 MMbbl/d from oil sands and deepwater extraction. But by the year 2022, another 15 MMbbl/d of new supply may be needed, as demand trends predict an annual growth rate of about 1 MMbbl/d. With this kind of impending discrepancy between supply and demand, the industry needs to start looking for new sources of oil, and quickly.

…click on the above link to read the rest of the article…

Lower 48 Production Nears Cycle Highs As Rig Count Rises For 18th Straight Week

Lower 48 Production Nears Cycle Highs As Rig Count Rises For 18th Straight Week

While much was made of this week’s drop in US crude production, it was driven by an Alaskan supply drop, not the Lower 48 whose production is at Aug 2015 highs. WTI back above $50 on the back of more OPEC jawboning appears to have everyone convinced this time is different, but for the 18th week in a row US oil rig counts rose (by 8 to 720).

  • *U.S. OIL RIG COUNT +8 TO 720 , BAKER HUGHES SAYS :BHI US
  • *U.S. GAS RIG COUNT 180 , BAKER HUGHES SAYS :BHI US

The 18th weekly oil rig count rise…

Production from the Lower 48 continues to soar…

And WTI dipped a little on the print…

And while prices hover above $50, OilPrice.com’s Brian Noble warns that as breakeven prices converge an oil price crash nears…

No one should underestimate the impact of AI (artificial intelligence) on the future of the entire capital markets complex. The LinkedIn group, Algorithmic Traders Association, has recently been running a series of articles warning of the seismic shift that is and will continue to be felt in the global hedge fund industry as machines take over from people on trading desks.

But what intelligent human being would ever suddenly have turned bullish on the morning of Monday 15 May 2017 just because of renewed jawboning from Saudi Arabia and Russia, indulging in the same old two-step as they did at Doha in April 2016 and Vienna in November of last year. That is however precisely what the machines did. Hallelujah.

…click on the above link to read the rest of the article…

Venezuela’s Oil Production On The Brink Of Collapse

Venezuela’s Oil Production On The Brink Of Collapse

Venezuela

Desperation is spreading in Venezuela as violent protests continue to paralyze the country, further damaging the country’s shattered economy. Venezuela’s already-decrepit oil industry is deteriorating by the day, and an outright implosion is no longer out of the question.

The inflation rate, according to the IMF, will balloon to 720 percent this year. Food shortages have been common for quite some time, but are deepening and wearing down the population. Three out of four people surveyed by the WSJ reported involuntary weight loss last year. Hospitals have completely broken down.

Venezuela has been crippled by protests since late March, with more than three dozen people having been killed over the past two months, and there is no sign of improvement. This meltdown is taking a toll on Venezuela’s oil production, the last thing keeping the country from becoming a failed state. Venezuela’s oil production has been declining for more than a decade, mainly because oil revenues are used to finance the government, leaving little for state-owned PDVSA to reinvest in its operations.

But things are getting worse. The cash shortage is accelerating the decline. As of April, oil production stood at 1.956 million barrels per day (mb/d), down 10 percent from last year, and down more than 17 percent from 2015 levels – and output continues to trend downward. James Williams, energy economist at WTRG Economics, told Marketwatch in March that he expects Venezuela to lose another 200,000 to 300,000 bpd this year, another 10 to 15 percent decline from 1Q2017 levels.

The problem is downstream as well, as the shortage of refined products worsens. Three out of Venezuela’s four oil refineries are operating significantly below capacity because of the inability to find spare parts for maintenance, according to Reuters.

…click on the above link to read the rest of the article…

The Renewable Fuels Con

The Renewable Fuels Con

You can’t just sell gas anymore.

Most people don’t realize it, but what they’re pumping into their car’s tank isn’t actually gasoline, properly speaking. It’s gasoline mixed with ethanol alcohol – the ratio currently set at 10 percent ethanol and 90 percent gas (E10).

“Diesel” often isn’t exactly diesel, either.   

The real stuff – the petroleum-based stuff – is mixed with bio-diesel, which is derived (like ethanol) from non-petroleum sources, usually vegetable matter.

The market isn’t demanding this – but the government is.

There is a law called the Renewable Fuel Standard. It  requires the “blending” of oceans of corn con ethanol and biodiesel boondoggle into the general fuel supply – ostensibly, to reduce America’s dependence on foreign (and non-renewable) oil.

Like so much that government does, it sounds good – but what it actually doesisn’t so good.

The RFS has raised refining and distribution costs as well as the cost to motorists, who not only pay more for the Uncle-adulterated fuel but also for the fuel systems in their vehicles, which have had to be modified to be compatible with the not-quite-gas (and sort-of diesel) fuels the government is pushing.

These adulterated fuels are also – ironically – less efficient. A gallon of pure gas will take you farther than a gallon of 90 percent gas and 10 percent ethanol because the gallon of gas contains more energy than a gallon of E10.

As is almost reflexively true of everything the government mandates, we get less – and pay more for it.

But that doesn’t mean someone’s not making a buck – as is also usually true when government intervenes in the market.

In addition to the Usual Suspects – the ethanol lobby, for instance – there is a another group of crony capitalists making hay off the RFS mandate. These are the large refiners and chain gas stations, who can leverage – in the lingo of the federal bureaucracy – Renewable Volume Obligation (RVO) credits to gain an unfair competitive advantage over smaller refiners and independent gas stations.

…click on the above link to read the rest of the article…

After Years’ Long Push, Fracking Has Quietly Arrived in Alaska

After Years’ Long Push, Fracking Has Quietly Arrived in Alaska

Hydraulic fracturing‘s horizontal drilling technique has enabled industry to tap otherwise difficult-to-access oil and gas in shale basins throughout the U.S. and increasingly throughout the world. And now “fracking,” as it’s known, could soon arrive at a new frontier: Alaska.

As Bloomberg reported in March, Paul Basinski, a pioneer of fracking in Texas’ prolific Eagle Ford Shale, has led the push to explore fracking’s potential there, in what’s been dubbed “Project Icewine.” His company, Burgundy Xploration, is working on fracking in Alaska’s North Slope territory alongside the Australia-based company 88 Energy (formerly Tangiers Petroleum).

“The land sits over three underground bands of shale, from 3,000 to 20,000 feet below ground, that are the source rocks for the huge conventional oilfields to the north,” wrote Bloomberg. “The companies’ first well, Icewine 1, confirmed the presence of petroleum in the shale and found a geology that should be conducive to fracking.”

Why the name “Project Icewine”? “Everything we do is about wine,” Basinski told Alaska Public Radio. “That’s why it’s called Icewine. Because it’s cold up here, and I like German ice wine”

Geographical Terrain

A report by DJ Carmichael, an Australian stockbroker firm, notes that the Project Icewine oilfield is located in close proximity to the Trans-Alaska Pipeline System, which flows from northern to southern Alaska and is co-owned by BP, ConocoPhillips, ExxonMobil, and Chevron.

Drone footage, taken in 2016 by a company owned by Alaska Sen. Lisa Murkowski’s campaign manager, Steve Wackowski, shows a fracking test well being drilled for Icewine 1.

According to an Australian Securities Exchange filing, in April of this year, 88 Energy and Burgundy Xploration began pre-drilling procedures for Icewine 2, a second fracking test well. In the filing, which also noted receipt of a Permit to Drill from the Alaska Oil and Gas Conservation Commission, 88 Energy said it expects to begin “stimulation and production testing” in June or July.

…click on the above link to read the rest of the article…

South Korea’s oil trade under threat

South Korea’s oil trade under threat

In 2010 the China Sign Post blog published an article entitled “Playing with fire. Potential impact of a North Korean threat to South Korean oil refineries”, showing following map:

North-Korea-threat-to-refineries_June-2010Fig 1: Range of North Korea’s missiles in 2010

http://www.chinasignpost.com/wp-content/uploads/2010/11/China_Signpost_8_North-Korea-Refinery-Threat_2010-11-29.pdf

The article ranked the vulnerability of South Korean and Japanese refineries to a North Korean attack, dependent on distance, location and capacity.

Exhibit-3_China-SignPost-70_North-korea-threats-to-refinery-infrastructure
Fig 2: Vulnerability ranking of South Korean and Japanese refineries
http://www.chinasignpost.com/2010/11/29/playing-with-fire-potential-impact-of-a-north-korean-threat-to-south-korean-oil-refineries/

The above article was updated in 2013 when tensions were also very high:

“Ballistic missiles with a circular error of probability of several hundred meters such as North Korea’s No-dong would have a good chance of scoring a hit against a refinery, whose processing units, storage tanks, and other infrastructure can occupy an area of multiple square kilometers. An added bonus from Pyongyang’s perspective is that a missile hit on critical parts of a refinery could put the plant out of commission for at least several months.

Based on the latest missile data from Jane’s and other sources, South Korea’s entire refining capacity of approximately 2.8 million bpd lies within range of North Korean Hwasong 6 and 7 and No-dong missiles, while Japan’s 4.7 million bpd of capacity lies fully within the range envelopes of the No-Dong 1 and 2, Musudan, Taepo-dong, and KN-08 missiles.”
http://www.chinasignpost.com/2013/04/14/playing-with-fire-round-2-north-koreas-potential-missile-threat-to-asian-oil-refining-infrastructure/

That was in 2013. Fast forward to March 2017.

4NK_missiles_Mar2017

Fig 3: North Korean Scud missile drill

10 March 2017

This time, North Korea launched four “extended-range” Scud missiles that are capable of flying up to 620 miles. The map showed all four missiles landing on an arc that stretched down to the Marine Corps Air Station near Iwakuni, Japan. Once again, the North Korean statement doesn’t leave much to the imagination: “Involved in the drill were

Hwasong artillery units of the KPA (Korean People’s Army) Strategic Force tasked to strike the bases of the U.S. imperialist aggressor forces in Japan in contingency.”
https://www.yahoo.com/news/north-korea-practicing-nuclear-war-144440547.html

…click on the above link to read the rest of the article…

Do Saudi Arabia And Russia Really Want Higher Oil Prices?

Do Saudi Arabia And Russia Really Want Higher Oil Prices?

Russia and Saudi Arabia

The jawboning of oil prices by the Saudi Arabian/Russian tag team should be wearing off after more than a year of actions that don’t measure up to the words. Oil prices slumped recently, dropping from around $54 per barrel to just below $50 as of Friday’s close.

As if on cue, the Russian energy minister announced Friday that Russia has now met its target of reducing oil production by 300,000 barrels per day. It took four months to do something that should have taken just weeks. (The agreement came into force on January 1.) And, of course, we’ll have to see if the Russians have actually done what they say they’ve done.

Only a week earlier, the Saudi energy minister indicated that there is momentum growing in OPEC for extending production cuts beyond June for another six months. This announcement comes only six weeks after the same minister said that OPEC would NOT be considering extending the cuts. This is reminiscent of last year’s run-up to the production agreement in which Russia and Saudi Arabia kept alternating in making often contradictory announcements to sow confusion about the possibility of a production agreement and keep markets on edge without actually having to do anything.

I continue to question the sincerity of Saudi Arabia and Russia who I believe remain committed to undermining the production of tight oil (shale oil) in the United States. Despite the cuts agreed to for this year through June, the March numbers suggest substantial non-compliance among non-OPEC signers of the production agreement and a reminder that major producers Libya, Nigeria and Iran have been exempted from cuts. Do Saudi Arabia and Russia really want prices to rise enough to make tight oil profitable all across the United States (and not just sweet spots in the Permian Basin)? I’m not convinced. Related: Saudis To Boost Oil Export Capacity To 15 Million Bpd In 2018

…click on the above link to read the rest of the article…

Why We Should Be Concerned About Low Oil Prices

Why We Should Be Concerned About Low Oil Prices

I recently tried to explain how the energy-economy system works, including the strange way prices fall, rather than rise, as we reach limits, at a recent workshop in Brussels called “New Narratives of Energy and Sustainability.” The talk was part of an “Inspirational Workshop Series” sponsored by the Joint Research Centre of the European Commission.

Figure 1. Empty Schuman room of the Berlaymont European Commission building, shortly after we arrived. Photo shows Mario Giampietro and Vaclav Smil, who were the other speakers at the Inspirational Workshop. Attendees started arriving a few minutes later.

My talk was titled, “Elephants in the Room Regarding Energy and the Economy.” (PDF) In this post, I show my slides and give a bit of commentary.

Slide 2

The question, of course, is how this growth comes to an end.

Slide 3

I have been aided in my approach by the internet and by the insights of many commenters to my blog posts.

Slide 4

We all recognize that our way of visualizing distances must change, when we are dealing with a finite world.

Slide 5

…click on the above link to read the rest of the article…

A Perspective on Electric Vehicles

A Perspective on Electric Vehicles

An electric auto will convert 5-10% of the energy in natural gas into motion. A normal vehicle will convert 20-30% of the energy in gasoline into motion. That’s 3 or 4 times more energy recovered with an internal combustion vehicle than an electric vehicle.

Electricity is a specialty product. It’s not appropriate for transportation. It looks cheap at this time, but that’s because it was designed for toasters, not transportation. Increase the amount of wiring and infrastructure by a factor of a thousand, and it’s not cheap.

Electricity does not scale up properly to the transportation level due to its miniscule nature. Sure, a whole lot can be used for something, but at extraordinary expense and materials.

Using electricity as an energy source requires two energy transformation steps, while using petroleum requires only one. With electricity, the original energy, usually chemical energy, must be transformed into electrical energy; and then the electrical energy is transformed into the kinetic energy of motion. With an internal combustion engine, the only transformation step is the conversion of chemical energy to kinetic energy in the combustion chamber.

The difference matters, because there is a lot of energy lost every time it is transformed or used. Electrical energy is harder to handle and loses more in handling.

The use of electrical energy requires it to move into and out of the space medium (aether) through induction. Induction through the aether medium should be referred to as another form of energy, but physicists sandwich it into the category of electrical energy. Going into and out of the aether through induction loses a lot of energy.

Another problem with electricity is that it loses energy to heat production due to resistance in the wires. A short transmission line will have 20% loss built in, and a long line will have 50% loss built in.

…click on the above link to read the rest of the article…

Yesterday’s Broad Power Outage Likely Caused By Geomagnetic Storm

YESTERDAY’S BROAD POWER OUTAGE LIKELY CAUSED BY GEOMAGNETIC STORM

Prior session, a massive US power grid failure was seen across the entire United States in one simultaneous fashion. San Fransisco, New York, and Los Angeles were the three main areas that were hit the hardest. Each of the areas experienced challenges or shut downs in business commerce. Also, basic infrastructure such as communication networks, mass transportation, and supply chains experienced challenges. To many this seemed apocalyptic with anaylst citing possible cyber attacks amid mounting geopolitical turmoil across the globe. We’re shocked that mainstream media didn’t revive the failing Russian narrative for another round of fake news to confuse the masses. Personally, I don’t think it was a cyber attack or the Russians, but more of a Space Weather Event.

Space weather refers to the environmental conditions in Earth’s magnetosphere, ionosphere and thermosphere due to the Sun and the solar wind that can influence the functioning and reliability of spaceborne and ground-based systems and services or endanger property or human health.

Here is PG&E outage map from yesterday’s event. Widespread. 

This is the Planetary K-Index, which 5 or greater indicates storm-level geomagnetic activity around earth. The latest space weather data signals a geomagnetic storm rolled in on April 20, 2017. During the elevated K-waves >5, San Fransisco, New York, and Los Angeles experienced power grid failures simultaneously.

LATEST SPACE WEATHER WARNINGS

April 22, 2017 @ 08:40 UTC
Geomagnetic Storm Warning (UPDATED)
A moderate (G2) geomagnetic storm is currently in progress thanks to a high speed solar wind stream above 700 km/s. More storming is expected over the next several days as a coronal hole stream rattles our geomagnetic field. Sky watchers at middle to high latitudes should be alert for visible aurora during the next several nights.ALERT: Geomagnetic K-index of 6
Threshold Reached: 2017 Apr 22 0559 UTC
Synoptic Period: 0300-0600 UTC
Active Warning: Yes
NOAA Scale: G2 – Moderate

…click on the above link to read the rest of the article…

Split personalities: We like some science, but not all of it

Split personalities: We like some science, but not all of it

We modern folk are in a bind. We embrace what the sciences and the technology that flows from them have to offer, but we refuse to believe that we live in the world described by those very sciences.

Here I’m not merely talking about climate change deniers who, of course, fit this description. They merrily dial number after number on their cellphones, but they do so without realizing that in their climate change denial they are rejecting the very same science that underpins the phone they are using: physics.

But so many others live in this dual world as well. We humans imagine ourselves set apart from the natural world. And yet, our very bodies are the subject of scientific investigations. So we turn to our minds which we imagine set us apart from the natural world. But what is the mind? Do we not place the mind in the body? Are its manifestations not speech, writing, music, dance, and graphic arts which require the body for their expression.

The science of physics tells us that we live in a thermodynamic system. The universe is a thermodynamic system and so by definition must our Earth be one. Thermodynamic systems produce entropy, lots of it. Some two-thirds of all the energy we use in the United States is wasted. That’s right, wasted. That entropy shows up as climate-changing carbon dioxide in the atmosphere which is also acidifying the oceans. It shows up as barren landscapes left behind by coal and other mining. It shows up as waste heat and waste products flowing from our factories, our homes and our vehicles.

…click on the above link to read the rest of the article…

Wall Street Is Pouring Money Back Into Shale

Wall Street Is Pouring Money Back Into Shale

Wall Street

With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel.

The private equity industry raised an estimated $19.8 billion in funds for energy investment in the first quarter of this year, or about three times as much as the same period in 2016. The figures indicate a more aggressive approach from private equity in shale drilling, and rising expectations that the oil market is set to rebound. The data comes from Preqin, and was reported on by Reuters.

The optimism comes even as oil prices have languished in the $50 per barrel range since November, after briefly dipping into the $40s last month. The hopes of a stronger rebound by now have been dashed, and oil analysts have steadily revised their expectations, pushing out their projections for stronger price gains. The extraordinary gains in U.S. crude oil inventories in the first quarter caught the market – and OPEC – by surprise, killing off hopes of oil heading north of $60 per barrel.

But the new money from Wall Street need not depend on $60+ oil. Lenders are confident that their investments will turn out to be profitable even at the prevailing market price today. That is because shale drillers have dramatically cut their costs, pushing breakeven prices down. “Shale funders look at the economics today and see a lot of projects that work in the $40 to $55 range,” Howard Newman, head of private equity fund Pine Brook Road Partners, told Reuters. His firm dumped $300 million in Permian driller Admiral Permian Resources LLC in March.

…click on the above link to read the rest of the article…

The High Cost of Renewable Subsidies

The High Cost of Renewable Subsidies

I have for some time wanted to get to the bottom of renewable subsidies and their impact upon electricity prices. But the complexity and opacity of the system has always defeated me. And then last week a report titled “Status Review of Renewable Support Schemes in Europe” landed in my inbox and it seemed to contain much of the information I was seeking. The headline numbers: the weighted average subsidy paid to renewable generators in EU 26 in 2015 was €110 / MWh. The maximum was €184 / MWh in the Czech Republic and the minimum €16.2 / MWh in Norway and the UK came in at €75 / MWh.

Considering that the wholesale price of electricity in Europe is typically €40 to €60 / MWh we can see that renewables are costing on average about 3 times as much as conventional power (wholesale~50, subsidy~110, total~160). And politicians, who have mandated the use of renewable electricity, are wondering why electricity prices are rising.

The report was published by the Council of European Energy Regulators (CEER)  on 11th April 2017. But since it summarises a vast amount of complex data that has taken considerable time to compile, the reference years reported are 2014 and 2015. The report can be downloaded here.

Figure 1 [Report Table 4] Total renewable electricity produced that received subsidy support in 2015 in MWh.

Figure 2 Sorting total subsidised generation from Figure 1 shows Germany way out in front with 162 TWh of subsidised renewable generation followed by the UK, Italy, Spain and France.

Figure 3 The 4 largest RE producers with categories of generation broken out and normalised to 100%  shows different solutions for different countries. Germany relies mainly on bio energy, solar and onshore wind. The UK on bio energy onshore and offshore wind. Italy on bio energy solar and onshore wind, rather similar to Germany but with more solar and less wind. Spain on solar and onshore wind. It is notable how important bio energy has become. Only time will tell if this leads to deforestation. There seems to be a lot of woodland disappearing in Scotland right now.

…click on the above link to read the rest of the article…

Blowout Week 172

Blowout Week 172

In this week’s Blowout we return to Brexit and its  impacts. It is now reported that following Brexit the UK will “scale down its concern over climate change” and scrap the EU’s 15%-of-total-energy-from-renewables-by-2020 target. Can outright repeal of the 2008 Climate Change Act be far behind?

Telegraph: Britain preparing to scrap EU green energy targets after Brexit

The UK is currently committed to getting 15 per cent of all energy from renewable sources such as wind and solar by 2020. The UK is currently on course to miss the target and incur millions of pounds in fines from the European Union.

Government sources told The Daily Telegraph that the target, under the EU Renewable Energy Directive, is likely to be scrapped after Brexit. It comes after civil service documents, photographed on a train, revealed that Britain plans to scale down its concern over climate change after Brexit. Details of the policy change were contained in the papers of a senior civil servant at the Department for International Trade (DIT) photographed by a passenger earlier this month. The notes say: “Trade and growth are now priorities for all posts — you will all need to prioritise developing capability in this area. Some economic security-related work like climate change and illegal wildlife trade will be scaled down.” The target has led to billions of pounds Government subsidies for renewable power sources such as wind, solar and biomass power plants, which are ultimately paid for by customers through their energy bills. The National Audit Office estimated that green energy subsidies will cost every household £110 a year by 2020.

We follow up with the usual mix of energy and related stories from all over the world, including how OPEC cheated on production cuts, the North Sea revival, Japan makes natural gas from methane hydrates, the growth of nuclear subsidies in the US, more US underground nuclear waste storage planned,

…click on the above link to read the rest of the article…

Olduvai II: Exodus
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Olduvai
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Olduvai II: Exodus
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Olduvai III: Cataclysm
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