AubreyJ’s Energy Update Report
Oil Tycoon T. Boone Pickens puts hold on Wind Farm -
Oil Tycoon T. Boone Pickens puts hold on Wind Farm -
Touts Natural-Gas Vehicles - Russia, Iran and Qatar hold talks
on formation of NEW Gas Cartel
Wednesday, November 12, 2008
.
Image Credit - John McCain Campaign Website.
Image Credit - John McCain Campaign Website.* The Arizona Republic has this article posted in their Business section and it goes in part like this... Pickens said the U.S. needs to exploit all its resources, from solar power in Arizona to coal and nuclear energy, but that few things could cut foreign oil imports quickly...He said neither Obama's plans for 1 millio
n plug-in hybrid vehicles nor John McCain's plans for 45 more nuclear plants would make a dent in oil imports, but semitrucks fueled by natural gas could reduce oil demand for the next 20 years before better transportation technology is available... "It's a bridge to the next generation, which will probably be the battery, the fuel cell," he said. "It won't be the hydrocarbon."... But the current drop in oil and natural-gas prices is slowing things down...
Read this article in full at link below...
Oil billionaire revises plan to reduce foreign oil imports
.
* REUTERS.com has this article on Mr. Pickens and his energy plan and it starts off like this... Billionaire T. Boone Pickens expects to know within 100 days of Barack Obama taking over as president in January whether the U.S. government is going to adopt part of his ambitious and controversial energy plan... The plan calls for an eventual overhaul of the power grid and Pickens is also betting on huge growth in wind power. But he said, as a start, the United States can move toward using natural gas in trucks as well as more renewable power... "I think both of those will be accepted in the first 100 days of this next administration," Pickens told industry players at the annual EEI Financial Conference on Tuesday... "I haven't been told that this is the way it's going to unfold," he said, but he saw Obama's plan to stop importing oil from the Middle East within 10 years as an indication that he favored his plan... "I think it can be done, but you're going to have to do it with natural gas," added Pickens, who made his fortune in the energy business...
Read the rest at link below...
Pickens sees government move on his energy plan soon
.
* CNNMoney.com has this article on the Pickens Plan... Texas oilman T. Boone Pickens says he's picking up support in North Dakota and elsewhere for a nationwide "electric transmission superhighway" to help develop more power from the wind and sun... Sen. Byron Dorgan, D-N.D., said Monday that he will introduce legislation to build such a transmission network, similar to the interstate highway system championed by President Eisenhower...
Read the rest at link below...
Pickens continues push for 'electric superhighway'
.
Also on the CNNMoney.com website...
Pickens' wind plan hits a snag
Credit crunch and falling natural gas prices may force cutbacks in giant Texas farm.
.
* The New York Times has this article posed in their Green Inc., Blogs section today and it starts off like this... Just a few months ago, momentum appeared to be building for cars fueled by compressed natural gas as a way to replace foreign oil imports... T. Boone Pickens, the former oil magnate with a big stake in natural gas distribution, and Aubrey McClendon, chief executive of Chesapeake Energy, a natural gas producer, poured tens of millions of dollars into television commercials promoting the idea, and a number of bills were introduced in Congress offering tax incentives to automakers and consumers to switch to natural gas vehicles... None of those bills have gone very far and the natural gas boom on the
airwaves has gone quiet...
Read the rest at link below...
Does Natural Gas Have an Ally in Rahm Emanuel?
.
* The Wall Street Journal website has this report posted in their Business section...
Chesapeake Energy Sells Stake in Natural-Gas Field
A $3.4 Billion Deal with Norway’s StatoilHydro Brings in Much-Needed Cash for Drilling, and International Opportunities
.
* Reuters.com has this take on the Chesapeake Deal...
UPDATE 4-StatoilHydro buys U.S. gas acreage from Chesapeake
.
* Guardian.co.uk brings us this report... Russia, Iran and Qatar are expected to discuss a joint venture to produce and sell Iranian gas at a meeting of top officials and executives from the three countries in Doha on Wednesday... Russian gas monopoly Gazprom said in a statement on Wednesday the three could team up to develop Iran's South Pars, the world's biggest gas field, which is being developed in multiple phases by Iran and global energy majors...
Read the rest at link below...
Russia, Iran, Qatar may form gas venture
.
* HINDU.com has this take...
DUBAI: Energy heavyweights Iran, Qatar and Russia are set to hold another round of talks on the formation of cartel on the lines of the OPEC... Representatives of the three countries are meeting on Wednesday in Doha “to discuss the creation of a Supreme Technical Committee,” reported Iran’s Mehr News Agency... The meeting follows talks last month in Tehran where they countries affirmed their decision to form an OPEC-style gas grouping, said Iranian media reports...
Read this article in full at link below...
Plans afoot to establish “gas troika”
.
* Aljazeera.net has this pro-Iran report that starts off like this... Iran has said the Organisation of Petroleum Exporting Countries should take action to stabilise oil prices... Expectations of weaker energy demand has pushed prices to fall below $60 a barrel for the first time since March 2007... Gholamhossein Nozari, Iran's oil minister, said that the stability of prices "needed a far reaching decision and further measures," after prices fell from a peak of $147 in July... "We are going to review oil market conditions and if there is a need, there might be an emergency meeting," he said on Tuesday... Iran depends heavily on oil sales, earning 80 per cent of its revenue from oil exports, and the Islamic Republic set its annual budget on the assumption that oil would trade at $90 a barrel... After cutting oil production by 1.5m bpd in October, an Opec source said on Tuesday the group may cut oil supplies by a further one million barrels per day (bpd) when it meets in Algeria in December...
Click out the rest at link below...
Iran urges Opec action on oil price
n plug-in hybrid vehicles nor John McCain's plans for 45 more nuclear plants would make a dent in oil imports, but semitrucks fueled by natural gas could reduce oil demand for the next 20 years before better transportation technology is available... "It's a bridge to the next generation, which will probably be the battery, the fuel cell," he said. "It won't be the hydrocarbon."... But the current drop in oil and natural-gas prices is slowing things down...Read this article in full at link below...
Oil billionaire revises plan to reduce foreign oil imports
.
* REUTERS.com has this article on Mr. Pickens and his energy plan and it starts off like this... Billionaire T. Boone Pickens expects to know within 100 days of Barack Obama taking over as president in January whether the U.S. government is going to adopt part of his ambitious and controversial energy plan... The plan calls for an eventual overhaul of the power grid and Pickens is also betting on huge growth in wind power. But he said, as a start, the United States can move toward using natural gas in trucks as well as more renewable power... "I think both of those will be accepted in the first 100 days of this next administration," Pickens told industry players at the annual EEI Financial Conference on Tuesday... "I haven't been told that this is the way it's going to unfold," he said, but he saw Obama's plan to stop importing oil from the Middle East within 10 years as an indication that he favored his plan... "I think it can be done, but you're going to have to do it with natural gas," added Pickens, who made his fortune in the energy business...
Read the rest at link below...
Pickens sees government move on his energy plan soon
.
* CNNMoney.com has this article on the Pickens Plan... Texas oilman T. Boone Pickens says he's picking up support in North Dakota and elsewhere for a nationwide "electric transmission superhighway" to help develop more power from the wind and sun... Sen. Byron Dorgan, D-N.D., said Monday that he will introduce legislation to build such a transmission network, similar to the interstate highway system championed by President Eisenhower...
Read the rest at link below...
Pickens continues push for 'electric superhighway'
.
Also on the CNNMoney.com website...
Pickens' wind plan hits a snag
Credit crunch and falling natural gas prices may force cutbacks in giant Texas farm.
.
* The New York Times has this article posed in their Green Inc., Blogs section today and it starts off like this... Just a few months ago, momentum appeared to be building for cars fueled by compressed natural gas as a way to replace foreign oil imports... T. Boone Pickens, the former oil magnate with a big stake in natural gas distribution, and Aubrey McClendon, chief executive of Chesapeake Energy, a natural gas producer, poured tens of millions of dollars into television commercials promoting the idea, and a number of bills were introduced in Congress offering tax incentives to automakers and consumers to switch to natural gas vehicles... None of those bills have gone very far and the natural gas boom on the
airwaves has gone quiet...Read the rest at link below...
Does Natural Gas Have an Ally in Rahm Emanuel?
.
* The Wall Street Journal website has this report posted in their Business section...
Chesapeake Energy Sells Stake in Natural-Gas Field
A $3.4 Billion Deal with Norway’s StatoilHydro Brings in Much-Needed Cash for Drilling, and International Opportunities
.
* Reuters.com has this take on the Chesapeake Deal...
UPDATE 4-StatoilHydro buys U.S. gas acreage from Chesapeake
.
* Guardian.co.uk brings us this report... Russia, Iran and Qatar are expected to discuss a joint venture to produce and sell Iranian gas at a meeting of top officials and executives from the three countries in Doha on Wednesday... Russian gas monopoly Gazprom said in a statement on Wednesday the three could team up to develop Iran's South Pars, the world's biggest gas field, which is being developed in multiple phases by Iran and global energy majors...
Read the rest at link below...
Russia, Iran, Qatar may form gas venture
.
* HINDU.com has this take...
DUBAI: Energy heavyweights Iran, Qatar and Russia are set to hold another round of talks on the formation of cartel on the lines of the OPEC... Representatives of the three countries are meeting on Wednesday in Doha “to discuss the creation of a Supreme Technical Committee,” reported Iran’s Mehr News Agency... The meeting follows talks last month in Tehran where they countries affirmed their decision to form an OPEC-style gas grouping, said Iranian media reports...
Read this article in full at link below...
Plans afoot to establish “gas troika”
.
* Aljazeera.net has this pro-Iran report that starts off like this... Iran has said the Organisation of Petroleum Exporting Countries should take action to stabilise oil prices... Expectations of weaker energy demand has pushed prices to fall below $60 a barrel for the first time since March 2007... Gholamhossein Nozari, Iran's oil minister, said that the stability of prices "needed a far reaching decision and further measures," after prices fell from a peak of $147 in July... "We are going to review oil market conditions and if there is a need, there might be an emergency meeting," he said on Tuesday... Iran depends heavily on oil sales, earning 80 per cent of its revenue from oil exports, and the Islamic Republic set its annual budget on the assumption that oil would trade at $90 a barrel... After cutting oil production by 1.5m bpd in October, an Opec source said on Tuesday the group may cut oil supplies by a further one million barrels per day (bpd) when it meets in Algeria in December...
Click out the rest at link below...
Iran urges Opec action on oil price
.
* AP.Google.com brings us this update on Oil Prices today and more...
Oil falls to $55 on grim US economic outlook
.
* AP.Google.com brings us this update on Oil Prices today and more...
Oil falls to $55 on grim US economic outlook
.
...Aubrey McClendon photo courtesy of Chesapeake - Pickens Photo from PickensPlan.com
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AubreyJ.........
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