Word: cuing
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...capacity. By the end of last week, the storm had prevented production of 547 million bbl. of crude, a 25-day supply. Offshore oil production in the Gulf accounts for nearly 10% of U.S. daily consumption. Worse yet, natural-gas production also shut down, costing us about 8.3 billion cu. ft. a day, which is 13% of what we consume, according to the U.S. Minerals Management Service...
...glaciologist Eric Rignot of the Jet Propulsion Laboratory in Pasadena, Calif., and Pannir Kanagaratnam, a research assistant professor at the University of Kansas, analyzed data from Canadian and European satellites and found that Greenland ice is not just melting but doing so more than twice as fast, with 53 cu. mi. draining away into the sea last year alone, compared with 22 cu. mi. in 1996. A cubic mile of water is about five times the amount Los Angeles uses in a year...
...each wants now is to control other companies." One reason: bulking up through acquisitions can strengthen a power firm's bargaining position when it comes to securing the supply of gas and its price. Europe last year relied upon imports for around one-third of the estimated 532 billion cu m of natural gas it used - with more than half of that piped in from Russia. And the dependence on non-E.U. supplies is expected to skyrocket in the years ahead. After a spat over gas provision between Russia and Ukraine temporarily upset Europe's gas supplies earlier this...
...According to a study in the current issue of Science, they have nearly doubled their rate of flow over the past five years, to about 8 miles a year, dumping icebergs and meltwater into the already rising ocean faster than anyone expected. "In 1996 Greenland was losing about 100 cu km of ice per year," says Eric Rignot of NASA's Jet Propulsion Laboratory, lead author of the study, which he presented at last week's meeting of the American Association for the Advancement of Science in St. Louis, Mo. "This year it will lose more than twice as much...
...coal-bed methane," says Peter Dea, CEO of Western Gas Resources, a Denver-based gas producer. Longer term, more supplies are on the way. The U.S. Interior Department last week opened for exploration 389,000 acres of Alaskan tundra and shoreline, which officials estimate may contain 3.5 trillion cu. ft. of natural gas. Yet that's a pittance compared with the 22.3 trillion cu. ft. that the U.S. consumed in 2004. And two projects to transport gas from Alaska's North Slope and Canadian territories are in the works. One proposal entails building a $20 billion pipeline to Chicago...