User: flenvcenter Topic: Energy-National
Category: Fossil Fuels :: Oil and Gas
Last updated: Apr 01 2015 08:42 IST RSS 2.0
 
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Oil extends losses as deadline for Iran nuclear deal looms 31.3.2015 Yahoo: Business
By Jacob Gronholt-Pedersen SINGAPORE (Reuters) - Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. With a deadline less than 24 hours away, United States, Britain, France, Germany, Russia and China were trying to break an impasse in negotiations aimed at stopping Iran from having the capacity to develop a nuclear bomb, in exchange for an easing of international sanctions. "Iran has built up significant oil inventories and could immediately increase exports if sanctions are lifted," analysts at ANZ said in a note. Shipping sources say Iran is storing at least 30 million barrels of oil on its fleet of supertankers, as Western sanctions keep a lid on ...
U.S. To Commit To 28 Percent Emissions Cut As Contribution To Climate Treaty 31.3.2015 Politics on HuffingtonPost.com
WASHINGTON (AP) — In a highly anticipated announcement, the United States will offer a roughly 28 percent emissions cut as its contribution to a major global climate treaty nearing the final stages of negotiation, according to people briefed on the White House's plans. The U.S. plans to announce its commitment Tuesday, the informal deadline for nations to submit their contributions to the United Nations. Although the goal of 26 percent to 28 percent by 2025 isn't new — President Barack Obama first unveiled it last year during a trip to Beijing — the U.S. proposal has drawn intense interest from the vast majority of countries that have yet to announce how deeply they'll pledge to cut greenhouse gas emissions as part of the treaty. Obama's pledge constitutes the opening offer by the U.S. as world leaders strive to reach a climate deal powerful and ambitious enough to prevent the worst effects of climate change. In the works for years, the treaty is set to be finalized in Paris in December. If it's ...
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WorldViews: Saudi Arabia’s hostile relationship with Russia is leaving Egypt stuck in the middle 31.3.2015 Washington Post: World
At a gathering of Arab leaders in Sharm el-Sheikh this weekend, Egyptian President Abdel Fatah al-Sissi read a letter from Vladimir Putin. "We support Arab nations in their effort to ensure a safe future and urge them to resolve all emerging challenges peacefully without any foreign involvement," the Russian president's message read, according to Sputnik News.Read full article ...
US offer for global climate treaty: 28 percent emissions cut 31.3.2015 AP Politics
WASHINGTON (AP) -- In a highly anticipated announcement, the United States will offer a roughly 28 percent emissions cut as its contribution to a major global climate treaty nearing the final stages of negotiation, according to people briefed on the White House's plans....
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US offer for global climate treaty: 28 percent emissions cut 31.3.2015 Yahoo: Top Stories
WASHINGTON (AP) — In a highly anticipated announcement, the United States will offer a roughly 28 percent emissions cut as its contribution to a major global climate treaty nearing the final stages of negotiation, according to people briefed on the White House's ...
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Obama to pledge to cut emissions up to 28 percent as US contribution to global climate treaty 31.3.2015 Star Tribune: Nation
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Cleaner Living Through Smarter Microbiology 31.3.2015 Wired Top Stories
Petroleum-derived products undergo a complicated, energy intensive journey from the oil deposits deep underground to our homes, cars, and clothing. “Our lifestyle is very difficult on the environment,” explains Emily Leproust, CEO of Twist Bioscience. “It’s expensive and it’s harmful; there needs to be another way.” Fortunately, it seems that there may in fact be ...
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Oceans' heat-buffering ability may be weakening 30.3.2015 Environmental News Network
For decades, the earth’s oceans have soaked up more than nine-tenths of the atmosphere’s excess heat trapped by greenhouse gas emissions. By stowing that extra energy in their depths, oceans have spared the planet from feeling the full effects of humanity’s carbon overindulgence. But as those gases build in the air, an energy overload is rising below the waves. A raft of recent research finds that the ocean has been heating faster and deeper than scientists had previously thought. And there are new signs that the oceans might be starting to release some of that pent-up thermal to significant global temperature increases in the coming years. 
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The Burden: New Documentary Illustrates Impacts of Fossil Fuels on the U.S. Military 30.3.2015 Switchboard, from NRDC
Peter Lehner, Executive Director, New York City: For the men and women who serve in the military, fossil fuels are a liability. In The Burden, a 40-minute documentary that recently premiered at the Environmental Film Festival in Washington, D.C., veterans and fighters from every stratum of the...
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Exclusive: Morgan Stanley to sell natural gas business scrutinized by Fed 30.3.2015 Yahoo: Business
By Lauren Tara LaCapra NEW YORK (Reuters) - Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. The bank will transfer the gas business, Wentworth, to a newly formed company called Pentagon Energy LLC. Two Morgan Stanley managers who were involved with Wentworth, Alberto Chiesara and Ryan Comerford, are leaving to join the new company as principals, according to those sources. Simon Greenshields, who had been co-head of Morgan Stanley's commodities business until January and was earlier said to be seeking to leave the bank through a Wentworth sale, is not joining Pentagon Energy. Pentagon's plan is to take advantage of low natural gas prices in North America by exporting the commodity via container ships to under-served markets in the Caribbean and Central ...
Consumer spending edges up in February 30.3.2015 Chicago Tribune: Business
U.S. consumers spent slightly more in February following two straight monthly declines and their income rose by a healthy amount, a development that economists hope will keep boosting spending in coming ...
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We Need to Finance and Subsidize Mass Transit 30.3.2015 Green on HuffingtonPost.com
This past week, New York City's subway fare rose from $2.50 to $2.75. In some ways this system is one of the great bargains in American transit. Last week, I traveled to Washington D.C., where metro fares are often double the cost of New York's subway. Commuter lines in New York, however, are also growing more and more expensive. For some, the convenience and speed of leaving the auto at home is worth the money, but for working people struggling to make ends meet it is a hardship, and overall, higher mass transit fares encourage people to drive. Of even greater concern than rising fees is the failure to adequately fund the capital plans that keep mass transit systems from deteriorating. In New York City we underfunded mass transit capital throughout the 1960s and 1970s and nearly destroyed the mass transit system. The result was a major and expensive effort at reconstruction in the 1980s and 1990s. Here in New York it appears that we are about to begin another cycle of disinvestment. While mass transit ...
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Reuters Poll: Oil prices to stabilize as demand rises 30.3.2015 Yahoo: Business
The survey of 34 analysts predicted North Sea Brent crude would average $59.20 a barrel in 2015, up from around $55 so far this year. The forecast is up just 20 cents from the projection in last month's Reuters survey. Oil prices fell more than 60 percent between June 2014 and January, and although they have recovered a little since then, they are still around half their level a year ago. London-based consultancy Energy Aspects expects world oil demand to rise by up to 1.5 million barrels per day this ...
Boosting Iran’s economy is the incentive of nuclear deal 30.3.2015 Durango Herald
The headlines in Tehran have been trumpeting some good news for Iran’s economy lately. In the first 11 months of the Iranian fiscal year, car production climbed 58 percent and pistachio exports shot up 71 percent. Inflation is high but easing, and after a sharp contraction in 2012 and 2013, the economy is growing again.But the...
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EIG Investing $1 Billion in Breitburn 30.3.2015 Wall St. Journal: US Business
EIG Global Energy Partners agreed to invest $1 billion in Breitburn Energy Partners, as energy producers turn to alternative capital sources in an effort to bolster their balance sheets.
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Oil prices dip as Iran, world powers seek nuclear deal 30.3.2015 Yahoo: Business
By Henning Gloystein SINGAPORE (Reuters) - Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted. Iran and six world powers tried to break an impasse in nuclear negotiations on Sunday ahead of a deadline to find a preliminary deal by Tuesday, although diplomats warned the attempt could still fall apart. International benchmark Brent crude oil futures were at $56.41 a barrel at 0131 GMT, flat with its last settlement after falling five percent on Friday as the market began to price in the possibility of a deal with Iran. "Any relaxation of Iran oil sanctions could see increased exports adding to swelling global supplies and further pressuring prices," ANZ bank said on ...
Slow economy could prompt Iran to take nuclear deal 30.3.2015 Washington Post
The headlines in Tehran have been trumpeting some good news for Iran’s economy lately. In the first 11 months of the Iranian fiscal year, car production climbed 58 percent and pistachio exports shot up 71 percent. Inflation is high but easing, and after a sharp contraction in 2012 and 2013, the economy is growing again.Read full article >>
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Northeast, despite highest gas costs, resists more pipelines 29.3.2015 Yahoo: US National
CONCORD, N.H. (AP) — There is near universal agreement that the Northeast has to expand its energy supply to rein in the nation's highest costs and that cheap, abundant, relatively clean natural gas could be at least a short-term answer. But heels dig deep when it comes to those thorniest of questions: how and ...
Northeast, despite highest gas costs, resists more pipelines 29.3.2015 AP Top News
CONCORD, N.H. (AP) -- There is near universal agreement that the Northeast has to expand its energy supply to rein in the nation's highest costs and that cheap, abundant, relatively clean natural gas could be at least a short-term answer. But heels dig deep when it comes to those thorniest of questions: how and where?...
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Northeast Resists More Pipelines, Despite Higher Energy Costs 29.3.2015 Green on HuffingtonPost.com
CONCORD, N.H. (AP) — There is near universal agreement that the Northeast has to expand its energy supply to rein in the nation's highest costs and that cheap, abundant, relatively clean natural gas could be at least a short-term answer. But heels dig deep when it comes to those thorniest of questions: how and where? Proposals to build or expand natural gas pipelines are met with an upswell of citizen discontent. At the end of last year, a Massachusetts route selected by Texas-based Kinder Morgan generated so much venom that the company nudged it north into New Hampshire — where the venom is also flowing freely. During this winter's town meetings, a centuries-old staple of local governance in New England, people in the nine towns touched by the route voted to oppose the project. That Northeast Direct line is one of about 20 pipeline projects being proposed throughout the Northeast, where savvy environmental and political forces combine with population density to provide a formidable bulwark. There's ...
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