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2016-06-29 18:15:00

U.S. WANTS AMERICA

U.S. WANTS AMERICA

 

USA OIL GAS PRODUCTION 1990 - 2040

 

NORTH AMERICA OIL GAS DRILLING RIG COUNT 2012 - 2016

 

BOEREPORT wrote, the U.S. and Mexico will commit to joining Canada in boosting their use of wind, solar and other carbon-free sources of electricity, helping North America meet an ambitious goal of generating at least 50 percent of its energy from "clean" sources by 2025.

The pledge is set to be made as part of a trilateral summit of North American leaders Wednesday in Ottawa, where the U.K.'s decision to leave the European Union is likely to consume much of the agenda. The meeting will also focus on trade and regional security issues.

"We believe this is an aggressive goal but one that is achievable by all three countries," Brian Deese, a senior adviser to President Barack Obama on environmental and energy matters, said Monday on a conference call with reporters.

The goal applies across the continent, meaning it's an average for Canada, Mexico and the U.S. together. The goal, which would need to be adhered to by the president who succeeds Obama in January, is "achievable if all three countries respectively make ambitious progress toward executing and in effect exceeding the targets" established in the climate accord reached in Paris last year, Deese said.

CARBON FREE

The commitment will apply to any electricity generated without producing carbon dioxide emissions, including nuclear as well as renewable wind, solar and hydro power. Deese said it also could apply to power from plants using carbon-capture technology to siphon off emissions. The goal does not otherwise include natural gas, which burns cleaner than coal but still produces carbon dioxide emissions that contribute to climate change.

The nations will also seek to boost energy efficiency, Deese said.

Environmentalists applauded the announcement, with Sierra Club Executive Director Michael Brune saying it demonstrates "North American unity behind a consensus for strong global climate action."

"This agreement means the United States will dramatically increase the amount of clean, renewable energy we get from sources like wind and solar within the next decade," Brune said.

NUCLEAR POWER

Over the past year, the U.S. derived about a third of its power from carbon-free sources, with nuclear providing 19.9 percent, according to April data from the Energy Information Administration.

The target represents a stronger pledge for Obama and Mexican President Enrique Pena Nieto. The Obama administration had previously said it was aiming for the U.S. to get a fifth of its electricity from renewable sources by 2030, as part of a commitment made with Brazil last year. Mexico said last year it was aiming to get 35 percent of its electricity from wind, solar and other renewable sources by 2024, up from 3 percent a year ago.

According to the U.S., 32 percent of energy generation in 2015 was from clean sources compared with 37 percent for the three countries together. Deese declined to speculate on how much of the 50 percent goal would need to be from the U.S.

Canada already obtains more than half its energy from clean sources.

As part of the new partnership, Mexico also will agree to join Canada and the U.S. in throttling emissions of methane, which is pound for pound 84 times more potent than carbon dioxide at warming the atmosphere over 20 years.

Obama and Canadian Prime Minister Justin Trudeau in March committed to cut methane emissions from the oil and gas industry by as much as 45 percent from 2012 levels by 2025. A new Environmental Protection Agency rule, finished in May, limits methane releases from new oil and gas wells, setting the stage for mandates targeting existing infrastructure too.

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Earlier:

U.S. JOBS DOWN 100,000 

TRANSCANADA WANTS $15 BLN 

U.S. RIGS DOWN 3 

THREE MAIN PLAYERS 

U.S. THE STEEPEST CUTS 

U.S. NEED MORE MONEY 

U.S. BANKRUPTCY & BUBBLES

 

Tags: USA, CANADA, MEXICO, OIL, GAS

Chronicle:

U.S. WANTS AMERICA
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

U.S. WANTS AMERICA
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

U.S. WANTS AMERICA
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

U.S. WANTS AMERICA
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

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