When you don’t have a good argument for your cause – what do you do? Create a bogeyman, add some “experts” and try to scare people into believing the bogeyman is going to get them.
58 retired biologists who haven’t worked in the system for 15-40 years aren’t experts. The scientists, biologists and regulators who are currently working in the system say the current program works and that the proposed ballot initiative isn’t good and won’t work.
That’s why so many Alaskans are voting NO on 1!
Alaska takes center stage at international Arctic Circle Assembly
Leroy Polk, KTUU, October 19, 2018
Although Alaska is part of the United States, it is also among the few regions which inhabit the Arctic circle. To that end, Alaskan ambassadors are also world ambassadors when meeting with those other Arctic countries. At a symposium in Reykjavik, Iceland, Alaska senior Senator Lisa Murkowski spoke on the impact of Alaska to the Arctic region, as well as what she sees as the role of Alaskans in a broader sense as we fit in with the international community. “It is an honor to have Alaska spotlighted during this year’s event,” Murkowski said. “From energy innovation to community adaptation and scientific research, Alaskans are leading the way and looking to collaborate with international partners.” The conference, titled the 2018 Arctic Circle Assembly, brings Arctic region officials together each year to focus on topics relevant to those countries. This year’s showcase was described as America’s Arctic, also known as the state of Alaska.
Is Saudi Arabia About To Enter The Arctic Gas Game?
Tim Daiss, OilPrice.Com, October 18, 2018
Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns, it now appears that the two fledgling allies are also going to cooperate in the liquefied natural gas (LNG) sector. And this time too, it looks as if the alliance could take aim at U.S. energy ambitions. The kingdom’s media savvy energy minister Khalid Al-Falih said at the India Energy Forum in Delhi on Monday that Saudi state-owned Saudi Aramco is open to the idea of marketing some of the LNG from the proposed Russian Arctic LNG 2.
State regulators heard mixed reaction from oil industry representatives about proposed increases to bonding requirements for drilling new wells. The Alaska Oil and Gas Conservation Commission held a public hearing Tuesday in Anchorage on the draft regulations, which would demand up to a $30 million bond be posted to drill and operate the largest oil fields. The AOGCC oversees the technical down hole oil and gas drilling and resource issues for the state.
Our Take: Headlamp shares AOGA’s concerns “Regulatory and Legal Manager Peter Caltagirone said the bonding rate changes would be unprecedented; he noted they amount to a 150 percent increase for drilling two wells, a 50-fold increase for 100 wells and a 6,500 percent increase for 500 wells. ‘The proposed changes discourage new investment at a time when Alaska could use some new investment,’ Caltagirone said, adding they would require new producers to comply immediately.
From the Washington Examiner’s Daily on Energy:
MEANWHILE…A REPORT FUNDED BY SHELL AND TRUMP’S ENERGY DEPARTMENT LOOKS AT CLIMATE SOLUTIONS: The National Academies of Science issued a report Thursday that says 10 percent of all carbon pollution can be captured and turned into usable products by the middle of the century.
Carbon utilization is the answer: The report concludes that, in addition to cleaner energy sources, one way to limit emissions would be “capturing greenhouse gases and either sequestering them or finding productive uses for them” — referred to by the Energy Department’s Perry as “carbon utilization.”
Over 10 percent of CO2: “Previous assessments have concluded that roughly 3.6 billion tons of carbon dioxide per year – more than 10 percent of current global carbon dioxide emissions – could feasibly be utilized within the next several decades if certain technological advancements are achieved,” reads the report.
The report follows the U.N.’s latest assessment that the world needs to move to an economy that is carbon-neutral by 2050 or risk the catastrophic consequences of climate change. Carbon utilization could make the U.S. and other countries net-zero producers of emissions by producing as much as they capture and use. The report calls the idea the “circular carbon economy.”
Our Take: As Headlamp has said before, and will continue to say, meaningful climate solutions won’t come from participation in the Paris Accord, won’t come from the U.N. ‘s fear-mongering assessment and won’t come from environmental groups demanding the end of fossil fuels. Climate solutions are coming from and will continue to come from the private sector.
Q & A with Governor Walker
Victoria Petersen, The Peninsula Clarion, October 16, 2018
The Kenai Peninsula’s economy has long been dependent on oil and gas. What will you do to boost the economy on the Kenai Peninsula beyond oil and gas? Well, beyond oil and gas, certainly agriculture. The blue economy. We have oyster farms. We have kelp salsa now made in Alaska. We have kelp beer now. I had some kelp beer in Kodiak. We need to be using and looking at all of our resources across the state, not just oil and gas. However, we’re still going to be a resource state. There’s no doubt about that. The largest project is on track to come to Kenai.
Our Take: Headlamp questions the Governor’s assertion that a state moving forward without the LNG project will have a drastically different financial outlook. The last numbers to be thrown around had the state receiving about $250 million from a $45 billion project. Alaskans want a commercially viable project and access to a reliable, affordable source of gas – not hyperbole about what the project will mean to Alaska financially.
In a crowded field of potential LNG suppliers to China, an Arctic Alaska project could still have some advantages
Yereth Rosen, Arctic Today, October 18, 2018
Our Take: Written and verbal endorsements do not finance or build pipelines.
ExxonMobil signs China LNG deal
Reuters, October 18, 2018
ExxonMobil has signed a framework agreement to supply liquefied natural gas to Zhejiang Provincial Energy Group, a senior executive said on Thursday, marking Zhejiang Energy’s first long-term supply deal. The company said in a statement the deal is for 20 years. Peter Clarke, president of ExxonMobil gas and power marketing, was speaking at the International Petroleum & Natural Gas Enterprise conference at Zhoushan, near Shanghai. ExxonMobil is stepping up its efforts to meet soaring LNG demand, coupling multi-billion-dollar production projects around the world with its first mainland storage and distribution outlet.
U.S. states opposed to offshore drilling find hope in Zinke’s words
Nichola Groom, Timothy Gardner, Reuters, October 17, 2018
Interior Secretary Ryan Zinke has hinted to at least six coastal states that he will keep their waters out of a looming plan to expand U.S. offshore drilling, telling some they lack enough oil to be included anyway, according to state officials and transcripts from public hearings. Zinke’s comments are the clearest indication to date that the Trump administration’s initial proposal to open nearly all U.S. waters to drilling, announced in January, will be significantly pared back by the time it is finalized. The proposal is expected later this year.
Our Take: Alaska is NOT on the list of those who want to be excluded.
Here’s what’s ahead for nickel, copper, lithium and cobalt prices
Reuben Adams, Stockhead, October 16, 2018
Escalating global trade tensions have helped drive down metal prices in the second half of the year – but the outlook isn’t all bad, according to leading analysts. Despite precipitous price falls in many base and battery metals, year-to-date price averages are still higher than last year, according to Wood Mackenzie experts at last week’s LME Week event in London. Nickel has been this year’s best performer, with average prices to the end of September 36 per cent higher compared with the same period in 2017. Copper prices were up 12 per cent, zinc up 9 per cent, and lead up 3 per cent year-on year.
Trump administration asks high court to halt climate change case
Lawrence Hurley, Reuters, October 18, 2018
President Donald Trump’s administration on Thursday for a second time asked the U.S. Supreme Court to put the brakes on a lawsuit filed by young activists who have accused the U.S. government of ignoring the perils of climate change. n the lawsuit, 21 activists, ages 11 to 22, said federal officials violated their rights to due process under the U.S. Constitution by failing to adequately address carbon pollution such as emissions from the burning of fossil fuels.
Resignation shakes up Alaska’s governor’s race
Becky Bohrer, October 17, 2018
In a stunning October surprise, Alaska’s lieutenant governor resigned Tuesday for making unspecified “inappropriate comments,” imperiling the re-election hopes of Gov. Bill Walker, a man with whom he shared a brother-like bond. Walker, who has been locked in a tough re-election fight with Democrat Mark Begich and Republican Mike Dunleavy, had already been in talks with Begich. The talks centered on a “path forward for Alaska” and stemmed from concerns about Dunleavy and the dynamics of a three-way race, Walker campaign manager John-Henry Heckendorn said. Begich’s campaign manager did not immediately return a message.
Our Take: Headlamp is curious about discussions between the Begich and Walker campaigns. Walker states that he is opposed to Ballot Measure One while Begich is supportive of it. Dunleavy also opposes the measure. The folks working on Alaska LNG have stated that if the measure passes, the project won’t move forward. Would Walker make a deal with a candidate who would stop his pet project?
BLM approves oil field in National Petroleum Reserve-Alaska.
Associated Press, October 16, 2018
The federal Bureau of Land Management has signed off on another oil field within the National Petroleum Reserve-Alaska. The BLM announced Monday that it had issued a joint record of decision with the U.S. Army Corps of Engineers approving Greater Mooses Tooth 2. ConocoPhillips Alaska, Inc. expects to start construction at the site this winter. The company says the site should be in production for 30 years, from 2020-2050.
The Next Oil Boom: Excitement About Alaskan Crude Builds
CME Group, The Street, October 16, 2018
U.S. oil service firms face tough quarter despite high crude prices
Liz Hampton, Reuters, October 17, 2018
Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and U.S. tariffs on imported steel are driving up service firms’ costs.
LNG stuck in the slow lane
Tim Gosling and Mark Smedley, Natural Gas News Magazine, October 17, 2018
Mulling its role in a global low-emissions energy system, the gas industry is eyeing any and every opportunity. Powering more of the world’s shipping with LNG sits high on that list, but development is stuck in the slow lane. A panel at Gastech in Barcelona struggled on September 19 to find out why. In LNG’s corner are drastic new emissions limits imposed on the maritime industry with a tight timeline. The International Maritime Organization (IMO) announced in October 2016 it will limit the sulphur content of marine fuel to 0.5% from January 1, 2020, a checkpoint towards a bid to halve carbon emissions by 2050. The IMO now caps sulphur content globally at 3.5%, but a cap of 0.1% sulphur already exists in northern Europe, around North America, Hawaii and much of the Caribbean. This will remain unaffected by 2020 change.
China and the US both have strategic designs for Greenland
Martin Breum, Arctic Today, October 17, 2018
Two seemingly unrelated messages, reaching us only a few days apart, recently revealed how Greenland occupies an increasingly strategic place in today’s geopolitics. One of the messages might mean that the U.S. will soon send more troops, planes and other military equipment to Greenland; the other means that China’s growing and apparently semi-secret Arctic ambitions should probably be scrutinized in a new light.
Our Take: Many countries have great concerns about China investing in their countries and will go to great extents to prevent it.
Today marks the 3rd anniversary of AKHEADLAMP. We are extremely grateful to our faithful readers. More than 100,000 people have visited the blog. Again, thank you!
Zinke’s latest policy gambit collides with Alaska’s $44B plan
Margaret Kriz Hobson, Energywire, October 16, 2018
The state of Alaska is getting decidedly mixed messages from the Trump administration on the best way to commercialize the state’s 35 trillion cubic feet of proven natural gas reserves that are now stranded on the North Slope. On Sunday, Treasury Secretary Steven Mnuchin backed the state’s proposed Alaska LNG project, a $44 billion venture that would include construction of an 800-mile pipeline to ship gas to an export terminal along Alaska’s southern shore. Mnuchin stopped in Fairbanks for talks with Alaska Gov. Bill Walker (I) and Sen. Lisa Murkowski (R) after attending an annual meeting of the International Monetary Fund and World Bank in Indonesia. Walker said Mnuchin has repeatedly expressed “strong support” for the Alaska LNG project. “He understands that this is America’s infrastructure project and that it represents a trillion-dollar opportunity,” the governor said in a statement. But at the same time, Interior Secretary Ryan Zinke is suggesting that the federal government host an LNG export facility in Alaska’s Aleutian Islands, with gas shipped to the site by tanker from the North Slope.
Our Take: Efforts to avoid delay tactics by radical environmental groups are appreciated.
The U.S. is putting more distance between itself and the rest of the world in terms of growth expectations from professional investors. The news keeps getting worse for global economic prospects, with respondents to the Bank of America Merrill Lynch Fund Manager Survey for October now holding their dimmest view for the future since the financial crisis. A record 85 percent of market pros say the world is in the “late cycle” period of growth. That’s the highest reading since November 2008, just two months after Lehman Brothers collapsed and triggered the worst days of the Great Recession. That level is also a full 11 percentage points above its previous record in December 2007. A net 38 percent expect the global economy to decelerate over the next year.
A years-long fight over how close oil and gas drilling can safely be to places where people live, and work is coming to a head with an unprecedented November ballot measure that would ban such operations within at least half a mile of homes, schools, businesses and waterways. Proposition 112 is pitting homeowners against Fortune 500 companies and even neighbor against neighbor. The stakes involved are immense in a state that is the nation’s seventh-largest oil producer and fifth-biggest supplier of natural gas. According to Tracee Bentley, executive director of the Colorado Petroleum Council, the state is considered “a bellwether.” If Proposition 112 were to pass, she said, “we are certain we would see it pop up in a couple years in other oil-and-gas-producing states.”
BBNC will remain neutral on Ballot Measure 1
Avery Lill, KDLG, Dillingham, October 12, 2018
The Bristol Bay Native Association passed a resolution at a full board meeting on Sept. 28, asking BBNC to reconsider its neutrality on Ballot Measure 1. The Ballot Measure, put forward by the group Stand for Salmon, aims to strengthen laws protecting salmon habitat in the state. Critics say the measure could be too far reaching in the types of development it would hinder. Joe Chythlook, chairman of the BBNC board, confirmed that they discussed the resolution at an Oct. 5 BBNC board meeting. According to Chythlook, the board decided to remain neutral on the initiative, following the advice of their executive team.
Wood Mackenzie, the global E&P consultancy, has said it “anticipates 2019 to be the largest year for LNG FIDs (final investment decisions) ever with projects in Russia, Qatar, Mozambique and the US expected to sanction.” Qatar and Russia’s Novatek have already as good as committed to taking FID on their projects next year. WoodMac said in a note October 15 that, after a dearth of new greenfield LNG project sanctions in recent years, suppliers are now positioning to grow, with FID on LNG Canada this month being the first major greenfield project to move ahead since 2015. Average project size to take FID worldwide, at 875mn barrels oil equivalent (boe) in 2018, is over double that of 2017, it adds.
Saudi Arabia’s power play will unleash crude oil supplies: Fuel for Thought
S & P Global Platts, October 15, 2018
Saudi Arabia’s energy strategy could put to bed questions over its spare oil capacity in the coming years. The kingdom’s plan is two-pronged: Expand and develop oil fields to offset production decline and diversify away from crude for power generation. It is this latter move that is key to unlocking further oil exports. The OPEC doyen plans to burn less crude as it pushes ahead with a swathe of important gas and high-sulfur fuel oil power plants to drive its economy and keep homes cool.
Saudis Lash Out At U.S. In Complete Deterioration Of Relations
Irina Slav, OilPrice.Com, October 15, 2018
Saudi Arabia will retaliate “with even greater action” if the U.S. president goes through with a threat of “severe punishment” should it be proven that Saudi agents killed dissident journalist Jamal Kashoggi in the Saudi consulate in Istanbul. The Saudi Press Agency yesterday cited an official source as saying that “The kingdom affirms its total rejection of any threats and attempts to undermine it, whether by threatening to impose economic sanctions, using political pressures, or repeating false accusations that will not undermine the Kingdom and its staunch positions and Arab, Islamic and international status, the outcome of these weak endeavors, like their predecessors, is a demise.”
The case of the missing Saudi journalist is creating major worries around the oil market
Weizhen Tan, CNBC, October 15, 2018
As Saudi Arabia pushes back against international pressure that it played a role in the disappearance of a prominent journalist, analysts are warning there could be fallout for global oil markets. Relations between the kingdom and some parts of the international community have deteriorated rapidly after Jamal Khashoggi, a journalist who resided in the U.S., disappeared early this month after visiting the Saudi consulate in Istanbul. Turkey reportedly believes the Washington Post journalist and critic of the Saudi administration was deliberately killed inside the building and his body removed. Riyadh has dismissed the claims.
From the Washington Examiner, Daily on Energy:
SAUDIS TEAM UP WITH RUSSIANS TO COMPETE WITH US NATURAL GAS: Saudi Energy Minister Khalid Al-Falih on Monday played up a joint effort with Russia to develop the Arctic’s natural gas resources, making it a potential rival with the U.S. in exporting natural gas to Asia and elsewhere.
Saudis in the Arctic: “We have looked at projects in Africa and the Mediterranean, and of course the Arctic with some Russian companies, Novatek,” said Falih, speaking at the 2nd annual CERAWeek in India.
“The idea is that Saudi Aramco will trade that [liquified natural gas] globally, and hopefully bring some of it here to India and other markets,” he said. Any Russia-Saudi joint effort to produce LNG for the growing market in Asia would compete directly with U.S. natural gas exports and President Trump’s “energy dominance” agenda, which hinges on those exports.
Saudi Arabia “has a mandate to go global” when it comes to natural gas development and export, Falih said.
Kevin Gullufsen, Juneau Empire, October 12, 2018
Mark Hamilton, head external affairs for the group pushing the controversial Pebble Mine project near Bristol Bay, told a crowd at the Greater Juneau Chamber of Commerce Luncheon on Thursday that he’s not worried for the future of the project under a habitat protection measure up for a vote in the Nov. 6 statewide election. Ballot Measure 1, known as Stand for Salmon, would change how the State of Alaska permits development on salmon habitat. A point of contention between backers and opponents has been what kinds of building would be permitted under the law and which would be denied.
Our Take: If it won’t hurt Pebble but will make “routine building in Alaska more difficult” HEADLAMP will call that cutting off your nose to spite your face. Just an observation.
From the Washington Examiner Daily on Energy:
MURKOWSKI MEETS WITH FERC NOMINEE AS SENATE SKIPS TOWN: Murkowski told reporters Thursday morning that she was planning to meet later in the day with Bernard McNamee, Trump’s nominee to fill an open seat on the Federal Energy and Regulatory Commission.
Murkowski’s Senate Energy and Natural Resources Committee had moved quickly to schedule a confirmation hearing next Tuesday for McNamee, so he could be confirmed by the end of the year.
But the Senate adjourned for recess Thursday night, putting that planned confirmation hearing date in doubt. The committee did not respond to a request for comment by press time.
McNamee, the head of the Energy Department’s Office of Policy, is expected to get an earful from Democrats questioning his impartiality because of his work on the administration’s plan to subsidize money-losing coal and nuclear plants. FERC, an independent agency that oversees wholesale electricity markets, may have to review any potential action.
Reading the tea leaves ahead of the hearing: Murkowski, ahead of her meeting with him, signaled she would keep an open mind on McNamee’s relationship to the coal bailout plan, which she opposes.
“It’s important to recognize you have an individual who has worked for the Department of Energy in a very specific particular role,” she told reporters. “Where he would be within the FERC is different. So we will have an opportunity to have a conversation about that. It is important to recognize we’ve got separate roles here.”
FERC sends 63 more pages of questions for AK LNG Project
Larry Persily, The Alaska Journal of Commerce, October 10, 2018
With just four months to go before the scheduled release date for the Alaska LNG Project’s draft environmental impact statement, federal regulators on Oct. 2 sent almost 200 additional information requests to the state’s project team. The 63-page list includes questions about waterway crossings and temporary access roads for pipeline construction, avoiding damage to permafrost, protection of Cook Inlet’s beluga whales, and further review of Port MacKenzie as an alternative to Nikiski for the gas liquefaction plant and marine terminal. The follow-up questions arrived as the project team at the Alaska Gasline Development Corp. was nearing the end of responding to the initial round of more than 800 questions and requests for more information from federal regulators.
Our Take: For those who think that FERC is “rushing” the process…think again.
During the Cold War, China and the Soviet Union regarded one another as strategic adversaries. Relations between Beijing and Moscow, however, have significantly improved over the years. Besides political alignment, the countries have complementary economies; China has an insatiable appetite for the raw materials which Russia has in abundance and Beijing has the financial strength to protect Moscow against the sanctions related to its annexation of Crimea.
China data: Russian crudes top independent refiners’ supply list in September
S & P Global Platts, October 11, 2018
Russian crude oil shipments to China’s independent refineries surged 90.4% on month to 1.59 million mt in September, replacing Brazil at the top of the suppliers’ list for the sector, S&P Global Platts monthly survey showed. Around 1.39 million mt of ESPO, or 87% of Russian imports in September, had been imported by 10 independent refineries.
U.S. President Donald Trump is redirecting global oil flows.
West African and Latin American producers are sending ever-growing volumes of crude to China. America’s exports to the Asian country have slumped in favor of its neighbors. There’s an urgent global need to find replacement bbl for Iran’s, whose exports might just collapse next month. The thing that connects the shifting flows is Trump’s foreign policy. China’s slumping purchases of American crude — and its extra buying from elsewhere — have coincided with a trade war between the U.S. and the Asian country. Likewise, reimposed sanctions on Iran, which start Nov. 4, have increased the need for the type of heavy, sour crude that the Persian Gulf state sells.
ConocoPhillips heralds first oil at Alaska petroleum reserve
Associated Press, October 9, 2018
ConocoPhillips Alaska has reached a milestone at the first drill site on federal leases within the National Petroleum Reserve-Alaska. The company announced Tuesday that it has produced its oil at the Greater Mooses Tooth No. 1 drill site. Production began Friday. The site is a satellite of the Alpine Field. Oil will be processed through existing facilities at Alpine. Construction at the site began in 2017 and at its peak over two winters created 700 jobs, according to ConocoPhillips Alaska.
Our Take: Great news for Alaska: more jobs, more oil, more revenue. Thank you, ConocoPhillips!
BP Says Bye to Low Prices as It Plans Projects for Oil Over $60
Kelly GIlblom, Annmarie Hordern, Javier Blas, Bloomberg, October 10, 2018
BP Plc boss Bob Dudley, among the first to say oil will stay lower for longer, is becoming more confident. In a sign of the improving times, the British oil major is now planning its investments at $60-$65 a barrel oil, raising it from $50-$55 last year, Dudley said Wednesday at the Oil & Money conference in London. While he doesn’t expect sustained prices of $85, it’s unlikely to plummet again.
Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy. Top oil companies including Royal Dutch Shell, BP and Total are adapting with growing urgency to the need to develop cleaner energy sources, investing more and more in solar and wind power, electric vehicle technology and even forestation. Still, they see oil, and especially natural gas, the least polluting fossil fuel, playing a major role throughout the decades of transition and beyond as demand for electricity and plastics grows.
The Donlin gold mine needs to move a mountain. How close is it to making that happen?
Krysti Shallenberger, Alaska’s Energy Desk, October 9, 2018
One of the biggest gold mines in the world could be built along the Kuskokwim River, north of Bethel. The Donlin mine has so far escaped the intense level of public scrutiny aimed at the proposed Pebble Mine in Bristol Bay, but it’s much farther along the permitting process. Supporters say the mine would bring much needed jobs to the region while opponents worry it threatens their subsistence way of life.
Our Take: $500 million invested over 23 years exemplifies the rigorous review process that companies face if they want to develop Alaska’s resources.
Norway confirms Chevron exit
Ole Ketil Helgesen, Upstream, October 9, 2018
Norwegian authorities have accepted Chevron’s decision to sell its only asset in the country and to exit the Norwegian continental shelf. Chevron has sold its 20% stake in the highly-touted Korpfjell license to Norwegian player DNO, leaving the US supermajor with no assets in Norway. A Chevron spokesman did not want to comment on the company’s future in the country but confirmed that it had sold its only license in Norway.
UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
Tom Kirkman, OilPrice.Com, October 9, 2018
A United Nations special climate report suggests a tax on carbon dioxide emissions would need to be as high as $27,000 per ton at the end of the century to effectively limit global warming. For Americans, that’s the same as a $240 per gallon tax on gasoline in the year 2100, should such a recommendation be adopted. In 2030, the report says a carbon tax would need to be as high as $5,500 — that’s equivalent to a $49 per gallon gas tax.
Our Take: See the story below. Innovation, not “reports and symbolic agreements” will result in lower emissions – worldwide. $240 per gallon tax on gasoline? Face. Palm.
From the Washington Examiner’s Daily on Energy:
ENERGY DEPARTMENT SAYS, ‘ALL OF THE ABOVE’ STRATEGY KEY TO GLOBAL CLIMATE GOALS: The Energy Department on Tuesday replied to Josh’s round of inquiries to Trump administration agencies about how to best respond to the UN climate report by reasserting its commitment to an “all-of-the-above” energy strategy.
Agencies that responded Monday, such as the EPA and State Department, bragged about how market forces have helped the U.S. become a world leader in reducing greenhouse gas emissions, mostly as a result of natural gas replacing coal as the dominant energy source. None endorsed the findings of the report, which said these market changes are not sufficient, and called for dramatic government action across the world.
Carbon capture research, LNG exports are key: The Energy Department provided a similar outlook but filled in some details.
“The United States has led the world in lowering emissions through innovation,” said Shaylyn Hynes, an Energy Department spokeswoman. “While others have been focused on reports and symbolic agreements, the Trump Administration has been focused on all of the above energy policies that produce positive results for the environment.”
She said the Energy Department is contributing to solutions by developing “clean coal” — aka carbon capture and storage — and renewable technologies at National Labs, and exporting liquified natural gas.
“Secretary Perry and DOE have worked with our allies around the globe to share American technology so that other fossil fuel producing nations can lower their own emissions, impacting climate change beyond our own borders,” Hynes said.
Energy Companies in Alaska Fight Controversial Salmon Initiative
Elizabeth Harball, NPR, Morning Edition, October 9, 2018
The ballot measure pits the state’s love for salmon against its need for oil and mining revenue. The controversial measure has drawn more money than all three gubernatorial candidates combined.
Our Take: Nothing could be further from the truth. Ballot Measure One pits those who want to stop all development in the state of Alaska against those who want to continue to responsibly develop Alaska’s resource AND stand for salmon. Read what the experts – fisheries managers, scientists, regulators- have to say about this initiative.
BP/Serica Get US Waiver over Rhum
Natural Gas News, October 9, 2018
BP and UK independent Serica Energy have been granted a conditional US waiver until October 31, 2019 in respect of the UK North Sea Rhum gas field that is 50%-owned by Iranian state producer NIOC, effectively allowing for the completion of a major transaction by Serica to proceed. Serica said October 9 that the “conditional license and assurance” from the Office of Foreign Assets Control (Ofac) – part of the US Treasury Department – will allow both US and non-US entities to provide goods, services and support to Rhum without fear of US sanctions, and thus enable production from the Rhum field to continue unaffected.
A new Russian state commission undertakes Putin’s big Arctic plans
Atle Staalesen, The Independent Barents Observer, October 9, 2018
Russia’s new state Commission for the Arctic will have work to support President Vladimir Putin’s new top priorities in the region, including efforts to boost the shipment of goods on the Northern Sea Route to 80 million tons by year 2024. Deputy Prime Minister Yuri Trutnev is commissioned to lead the work on Putin’s priorities for the Arctic. Trutnev, who is also responsible for developments in the Russian Far East, last week assembled government ministers and regional leaders for a first meeting the country’s new Arctic Commission.
Energy board rushes giant Alaska project
Sarah Okeson, Salon, October 8, 2018
Federal energy regulators plan to rush through environmental reviews for a $45 billion liquefied natural gas project in Alaska that would sell gas to Asian utilities and could help worsen climate change.
Our Take: Read at your own peril. Headlamp only provided the first line of the article as an example of the low-quality journalism included in the piece. Headlamp wasn’t familiar with this “award-winning” news source – we typically refrain from reading “news” sources that win awards for hyperbole and fake news.
China Slams Brakes on U.S. Crude Oil Imports
Sheila Tobben, Bloomberg, October 5, 2018
Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S. Census Bureau data released Friday. In July, Chinese buyers received nearly 12 million barrels of crude from the U.S. Beijing, once an enthusiastic buyer of U.S. crude after Washington lifted its restrictions on exports in December 2015, has even jockeyed with Canada for the position of top importer at times. Yet, China’s interest in American oil has diminished amid the escalating trade spat between the two nations.
China says it’s not afraid of a trade war with the US — its actions show otherwise
Yen Nee Lee, CNBC, October 8, 2018
- The People’s Bank of China announced on Sunday it was cutting the reserve requirement ratio for most banks by 100 basis points, which will result in an injection of 750 billion yuan ($109.2 billion) in cash into the banking system.
- Experts said the move indicates that Chinese authorities are getting nervous about a trade war with the U.S. dragging on.
- “China is a bit nervous. There is so much headwinds towards it now and I think it’s right to prepare for the worst and expect the best,” Gareth Nicholson, head of fixed income at Bank of Singapore, told CNBC.