Utility-scale battery storage varies by region… EIA

by Jim Colburn • Wednesday, February 28, 2018

Yet another gem from Today in Energy, here

Here is where utility-scale battery storage is:

And this is what they are used for:

 

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Banks raise forecasts for oil prices… WSJ

by Jim Colburn • Wednesday, February 28, 2018

From Christopher Alessi, WSJ:

“Banks raised their forecasts for oil prices for the fifth month in a row in February, signaling continued confidence that prices will continue to recover as the global supply glut drains due to production cuts.

Brent crude—the global benchmark—is now expected to average $62 a barrel this year, while West Texas Intermediate, the U.S. standard, should average $58 a barrel, according to a poll of 15 investment banks surveyed by The Wall Street Journal toward the end of February. Both predictions are up roughly $1 from the January survey.”

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Investor money flowing into commodity markets… WSJ

by Jim Colburn • Tuesday, February 27, 2018

Amrith Ramkumar, Wall Street Journal, has a nice piece on investor money flowing into commodity markets here

“A major commodities index posted its 10th straight session of gains on Monday, another sign that investors have shrugged off recent market volatility and are diving back in to risky assets.

The S&P GSCI Index, which tracks the prices of 24 commodities, has been moving in tandem with global stock markets since last summer as money managers look to capitalize on accelerating global economic growth. The index has risen 5.9% off its Feb. 9 low, with some of the most actively traded raw materials such as oil and copper rebounding following drops alongside stocks earlier this month.”

 

 

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Jason Bordoff talks with Total CEO, Patrick Pouyanne

by Jim Colburn • Monday, February 26, 2018

And, it’s excellent!

“Host Jason Bordoff speaks with Patrick Pouyanné, the Chairman and CEO of Total, the fourth largest international oil and gas company, on new developments in the global energy landscape.
Among many topics Jason and Patrick discuss, several include: U.S. energy policy actions, including the Trump Administration’s proposal to open up most federal waters to offshore drilling, U.S. tariffs on solar imports, and President Trump’s threat to reimpose oil sanctions against Iran; the outlook for oil markets amid geopolitical tensions in the Mid-East; and the role of oil and gas majors in a clean energy transition.”

https://itunes.apple.com/us/podcast/columbia-energy-exchange/id1081481629?mt=2#episodeGuid=632764095a98625c355db513c4214d05

 

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The long-term returns from collectibles… The Economist

by Jim Colburn • Monday, February 26, 2018

Nice chart from The Economist:

 

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Corpus Christi update… RBN Energy

by Jim Colburn • Monday, February 26, 2018

The always excellent RBN Energy has a nice piece on developments at Corpus Christi:

“Corpus Christi, TX, is quickly becoming a strategic hub for U.S. crude oil exports. Since the repeal of the crude oil export ban in December 2015, crude exports from the Sparkling City by the Sea have increased to nearly 500 Mb/d — and that may be just the beginning. Numerous pipeline and terminal projects have been announced to receive, store and ship out a lot more crude from the Permian and Eagle Ford shale plays, with an increasing share of those barrels destined for the international market.“

Here is the link:  https://rbnenergy.com/corpus-christi-bay-an-update-on-the-south-texas-port-citys-crude-oil-export-infrastructure

 

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New England has a power problem… WSJ

by Jim Colburn • Saturday, February 24, 2018

Erin Ailworth and Jon Kamp write about the region’s difficulties in balancing power needs and green goals here

The bottom line:

”The six-state region—where electricity costs are 56% above the national average—is heavily dependent on natural gas-fired power after years of losing older, uneconomic coal, oil and nuclear plants to retirement. Gas is also in high demand for heating area homes.”

“New England turned to burning oil for electricity during a two-week winter cold snap around Christmas and New Year’s, using about 2 million barrels—more than twice the oil burned in all of 2016, according to ISO New England, the organization that runs the region’s power grid. The strain was so acute that the North American arm of French energy company Engie SA recently brought a shipment of liquefied natural gas—including fuel that originated about 5,000 miles away in Russia—to Everett, Mass., from Europe.”

There is more…

 

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Cobalt, Congo…

by Jim Colburn • Friday, February 23, 2018

I was reading this sad account of the Democratic Republic of the Congo in the Economist (Congo is sliding back to bloodshed) and then looked at cobalt prices from the LME:

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China is the number 2 importer of LNG… EIA

by Jim Colburn • Friday, February 23, 2018

From Today in Energy, China moves into second place for imports of LNG:

 

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US Exports of Crude Oil Through Feb 16… EIA

by Jim Colburn • Friday, February 23, 2018

US Oil exports were over 2 mbd  during the week ending Feb 16!

Here is the link:  https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCREXUS2&f=W

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