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August 26,2011

Energy Data Highlights

Crude oil futures price8/24/2011: $85.16/bbldown$2.42 from week earlierup$13.53 from year earlier

Natural gas futures price8/24/2011: $3.922/mmBtudown$0.011 from week earlierdown$0.118 from year earlier

Weekly coal production8/20/2011: 20.787 million tonsup0.526 million tons from week earlierdown0.404 million tons from year earlier

Natural gas inventories8/19/2011: 2,906 Bcf up73 Bcf from week earlier

down140 Bcf from year earlier

Crude oil inventories8/19/2011: 351.8 mmbbldown2.2 mmbbl from week earlierdown6.5 mmbbl from year earlier

http://www.eia.gov/

Natural Gas/ Power News

Follow

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EIA Storage Release 8/25/11 (Actual): +73 Bcf Previous Week: +50 Bcf -4.6% Change from 1 Year Ago-1.9% Change 5-year Average

Power plant troubles go beyond heat and drought 

A prolonged drought, looming environmental rules and shortcomings in theincentives for building new power plants could cause even more problems with

 Texas’ electric grid in the next year.http://fuelfix.com/blog/2011/08/25/power-plant-troubles-go-beyond-heat-and-drought/

Northeast gas pipelines, LNG plants on hurricane watch for Irene 

With a strengthening Hurricane Irene expected to bear down on the East Coast

during the weekend, several natural gas pipeline companies and LNG facilities in

the storm's path are cautiously waiting, but not yet taking any precautionary

actions.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6411323

UK power consumption in H1 down 2.7% year-on-year: DECC 

UK final consumption of electricity fell 2.7% year-on-year in the first six months of 

2011 as total electricity supplied over the same period declined 3.3%, the

Department of Energy and Climate Change said in its Energy Trends and Prices

publication Thursday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/8278122

Trafigura inks deal to use spare slots at UK's South Hook LNG 

Global commodities trader Trafigura has qualified to access spare slots at the UK's

21 billion cubic meter/year South Hook LNG terminal, a spokesman for the

company told Platts Friday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8278132

Christie proposes one-year moratorium on fracking

New Jersey Gov. Chris Christie proposed a one-year moratorium on “fracking”

 Thursday, splitting the difference politically by conditionally vetoing a bill passedby the legislature that would have permanently banned the process

http://dailycaller.com/2011/08/25/christie-proposes-one-year-moratorium-on-

fracking/#ixzz1W8a8J5RV

Green/ Alternative Energy News

Brazil producers lower ethanol, boost sugar output on higher profits 

Ethanol output in Brazil's main center-south production region from April 1

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through August 15 fell 19% to 12 billion liters compared to the same period in

2010 as poor quality crops and a lack of investment in sugarcane fields continued

to cramp productivity, sugarcane industry group UNICA said Thursday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6412105

US Interior approves transmission line for 250-MW solar project  

A California-based solar energy developer has won US Department of the Interior

approval to build a five-mile transmission line across public lands to connect its

250-MW solar facility to the transmission grid, Interior Secretary Ken Salazar said

 Thursday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6412158

Brutal Year for Solar Causes Industry Shakeout 

A brutal 2011 has left the solar industry dazed, damaged and on the cusp of a

major shakeout of weaker players that are more likely to shut down than be

snapped up by their stronger rivals

http://www.cnbc.com/id/44274496

US DOE to fund $41 mil in carbon capture development projects 

 The US Department of Energy on Thursday awarded $41 million to 16 projects

designed to develop cheaper and more efficient technology for capturing CO2

from power plant emissionshttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6411432

GM, LG Strike Deal to Develop Electric Cars

General Motors and LG have struck a deal to jointly develop electric cars, a first-

of-its-kind alliance between the top U.S. automaker and a leading Korean

conglomerate that represents a major bet on battery technology

http://www.cnbc.com/id/44276661

Crude Oil News

OPEC Daily Basket Price 8/25/2011 –$107.61

(8/24/2011 – $106.53)

Recent Rig Counts

Area

Last

Count

Cou

nt

Change

from Prior

Count

Date of 

Prior

Count

Change

from Last

 Year

Date of Last

 Year's

Count

U.S. 19 Aug 1974 +15 12 Aug 11 +323 13 Aug 10

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11

Canada 19 Aug11

486 +22 12 Aug 11 +107 13 Aug 10

International  July2011 1150 -8  June 2011 +41  July 2010

http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm

Oil rises as Hurricane Irene, Libya in focus

Oil rose on Thursday due to concerns about Hurricane Irene's impact on U.S. East

Coast fuel supplies and fighting in Libya.

http://www.reuters.com/article/2011/08/25/us-markets-oil-

idUSTRE77838320110825

Crude Oil Futures Rise on Speculation of More Stimulus, Hurricane

Threat 

Crude oil increased on speculation Federal Reserve Chairman Ben S. Bernanke will

announce more stimulus and as Hurricane Irene threatened to shut refineries on

the U.S. East Coast

http://www.bloomberg.com/news/2011-08-25/crude-oil-rises-on-speculation-fed-to-

announce-plan-to-stimulate-economy.html

Oil Slips, Bernanke's Speech Eyed Oil prices inched down on Friday as investors looked ahead to a speech by theU.S. Federal Reserve chairman on the health of the world's largest economy andtop oil consumer.http://www.cnbc.com/id/44280980

Oil May Fall Next Week as Libya Rebels Move to Resume Output, Survey 

Shows

Oil may fall next week as Libyan rebels consolidate their hold on the country after

deposing leader Muammar Qaddafi and begin taking steps to restore crude

exports, a Bloomberg News survey showed

http://www.bloomberg.com/news/2011-08-26/oil-may-fall-next-week-as-libya-

rebels-move-to-resume-output-survey-shows.html

Higher West African crude premiums push up Asia Pacific crude 

Higher West African crude premiums boosted by China's demand, have shut the

arbitrage to Asia, with buyers now actively seeking Asia Pacific crudes to cover

their October requirements, trading sources said this week.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8278109

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BP Macondo well may be leaking again The Coast Guard said late today it could not confirm reports by an Alabamanewspaper of oil billowing to the surface near the site where BP’s Macondo wellblew out last yearhttp://fuelfix.com/blog/2011/08/25/report-bp-macondo-well-may-be-leaking-again/

NYMEX RBOB settles 8.95 cents higher ahead of Irene's arrival  NYMEX September RBOB settled 8.95 cents higher at $2.9679/gal Thursday,

boosted by fears of possible refinery disruptions along the Atlantic Coast as

Hurricane Irene approaches the US.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6411381

NOAA Joins Forces With Big Oil To Share Ocean Data

NOAA, Shell , ConocoPhillips, and Statoil today signed an agreement to collaborate

on scientific ocean, coastal and climate data for the Arctic.

http://gcaptain.com/noaa-joins-forces?30012

Weather

Hurricane IRENE

http://www.nhc.noaa.gov/text/refresh/MIATCPAT4+shtml/261156.shtml

Irene Threatens East Coast With $13.9B in Damage

Hurricane Irene is forecast to turn north into the U.S. on a path similar to 1985’s

Hurricane Gloria, threatening as much as $13.9 billion in insured losses and

possibly forcing the evacuation of parts of New York City, officials and forecasters

said

http://www.bloomberg.com/news/2011-08-25/hurricane-irene-threatens-u-s-east-

coast-with-up-

to-13-9-billion-

damage.html

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6 to 10 Day 

OutlooksTemperature

Precipitation

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8 to 14 day OutlooksTemperature

Precipitation

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