Crude oil: days of US supply -- back over 26 days. Link here.
ENB: wow, talk about spinning this story any way you want to spin it. But, in the big scheme of things, it looks like the Bad River Band of the Lake Superior Tribe of Chippewa Indians have shot themselves in the foot. Link here.
Enbridge Inc.’s controversial Line 5 oil pipeline can keep operating while the company relocates part of it to avoid an indigenous group’s land, according to a court decision.
A US District Court judge in Wisconsin ruled in favor of the Bad River Band of the Lake Superior Tribe of Chippewa Indians, who said the conduit was trespassing on their territory. Judge William Conley said the group is entitled to a monetary remedy, but stopped short of granting an injunction that would shut the line because it would have “significant public and foreign policy implications.”
****************************
Back to the Bakken
The Far Side: link here.
Active rigs: 43.
WTI: $85.22.
Natural gas: $$8.091
Friday, September 9, 2022: 12 for the month, 62 for the quarter, 401 for the year
- 37370, conf, Petro-Hunt, Estby 159-94-35C-26-2H,
RBN Energy: is a DOE-backed clean hydrogen hub in California's future?
Last year’s $1 trillion-plus infrastructure law calls for the U.S. Department of Energy (DOE) to invest up to $8 billion over five years to support the development of four or more U.S. hydrogen hubs. It’s a safe bet that the DOE will determine that at least one location along the Gulf Coast is worthy of its support — and maybe even a couple, given the extent of existing hydrogen supply, demand and midstream infrastructure already in place in Texas and Louisiana in particular. We’d also be willing to wager that California will be another beneficiary of the federal government’s hydrogen-hub largess. Not only does the nation’s most populous state have extraordinary potential for clean-hydrogen development, its public and private sectors have been aggressively pursuing climate-friendly energy alternatives for decades. In today’s RBN blog, we examine the various efforts underway to develop hydrogen-related infrastructure — and hydrogen demand — in the Golden State.
While there’s no certainty as to how the energy transition will play out over the next two or three decades, it seems clear that the shift to a lower-carbon economy in the U.S. and around the world will be an “all of the above” kind of thing, involving everything from wind, solar and nuclear power to battery storage, electric vehicles and fuel cells — and don’t forget hydrocarbons. The U.S. shift toward increasing natural gas usage has had by far the most significant impact on decarbonization up to now. Beyond that, the impact of hydrocarbons on the climate can be reduced by blending with renewable fuels or other means — or mitigated (partially or even fully) with carbon offsets and carbon sequestration.
No comments:
Post a Comment