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Enron Mail |
Attention Energy Insight readers
Following the acquisition of FT Energy by Platts in September 2001, Platts began integrating all of its web sites and web services. Effective Jan 16, this e-mail service will be folded into the free "Platts Energy Bulletin" e-mail, bringing you daily news updates and information about the global Energy Markets. Your name will automatically be moved onto the list for Energy Bulletin. You do not need to contact us. If you decide that you no longer want to receive a daily e-mail, you can unsubscribe at any time. Instructions are included at the bottom of the Energy Bulletin. Customers who have access to Platts Energy Insight as part of their Platts/RDI package, and those who have a paid subscription to the site, will continue to be able to access the Platts Energy Insight site as part of a premium level service, using their existing login. We hope you will enjoy the new site. **************************************************************************** ************************************************* Energy Insight News for Monday, January 14, 2002 Ocean carbon storage: science shows promise, problems Scientists from the Lawrence Livermore National Laboratory recently unveiled new research results indicating that an advanced concept for ocean storage may be the most cost-effective means to dispose of the carbon dioxide emitted from power plants. Carbon storage in the ocean is a controversial concept that has been around for some time. However, it's increasingly looking like it may prove to be a crucial option for carbon reduction over the coming decades. "The idea is to put carbon in the ocean directly because it's going to wind up there anyway," said Ken Caldeira, researcher at the Department of Energy-funded Livermore Laboratory. "The ocean can potentially store centuries worth of fossil fuel emissions." More than 80% of the carbon naturally released or burned on the earth ends up in the ocean. Encouraging the ocean to absorb even more carbon by accelerating natural processes is tantalizing. Absent a policy that supports emissions avoidance, capture and storage options are the only currently known options to reduce carbon dioxide emissions. Hence, the ocean's potential as a vast carbon sink could be an important part of a future strategy to reduce atmospheric carbon accumulation. The question emerges, however: just because the ocean can play the role of carbon sink, does this mean that it should be part of a reduction strategy? "If you take the ocean option off the table, it's going to make ensuing reductions that much more difficult to accomplish," said Robert Kane, sequestration issue manager for the DOE. "At this stage, all options should be on the table." Read the entire story at http://www.energyinsight.com. Also, catch the latest news headlines on Energy Insight Executive, updated twice daily. /////////////////////////////////////////////// Market Brief Friday, January 11 Stocks Close Change % Change DJIA 9,987.53 (80.3) -0.80% DJ 15 Util. 290.72 (2.5) -0.84% NASDAQ 2,022.46 (24.78) -1.21% S&P 500 1,145.42 (11.1) -0.96% Market Vols Close Change % Change AMEX (000) 126,048 (19,824.0) -13.59% NASDAQ (000) 1,625,751 (133,261.0) -7.58% NYSE (000) 1,206,339 (84,724.0) -6.56% Commodities Close Change % Change Crude Oil (Feb) 19.68 (0.79) -3.86% Heating Oil (Feb) 0.5394 (0.016) -2.93% Nat. Gas (Henry) 2.204 (0.011) -0.50% Propane (Feb) 29.00 0.00 0.00% Palo Verde (Feb) 22.50 (1.00) -4.26% COB (Feb) 22.00 (1.00) -4.35% PJM (Feb) 25.25 (0.50) -1.94% Dollar US $ Close Change % Change Australia $ 1.919 0.007 0.37% Canada $ 1.60 (0.006) -0.37% Germany Dmark 2.19 0.001 0.05% Euro 0.8914 (0.001) -0.10% Japan ?en 132.0 (0.500) -0.38% Mexico NP 9.2 (0.070) -0.76% UK Pound 0.6908 (0.0028) -0.40% Foreign Indices Close Change % Change Arg MerVal 343.22 0.00 0.00% Austr All Ord. 3,360.10 8.30 0.25% Braz Bovespa 13587.49 17.31 0.13% Can TSE 300 7701.93 (20.45) -0.26% Germany DAX 5209.97 (18.14) -0.35% HK HangSeng 11166.46 (89.61) -0.80% Japan Nikkei 225 10441.59 (96.84) -0.92% Mexico IPC 6420.15 (32.86) -0.51% UK FTSE 100 5,198.60 7.90 0.15% Source: Yahoo!, TradingDay.com and NYMEX.com ////////////////////////////////////////////// Executive News New gas storage complex in Arizona proposed Three gas companies on Thursday proposed a 10 Bcf storage complex in Arizona and an associated pipeline that would carry 800 MMcf/day between Las Vegas and Southwestern Arizona. An open season for storage and transmission capacity will run through Feb. 8, with service coming online in stages between 2004 and 2008. The Desert Crossing Gas Storage and Transportation System, expected to cost between $600 million and $700 million, will be a joint project of Allegheny Energy Supply, Sempra Energy Resources and Salt River Project, and will be the only north-south pipeline in the region. The storage facility and 36-inch, 300-mile pipeline will "serve the growing needs of the southwestern United States for power and peak period gas supplies," the companies said in a joint statement. Baker Hughes-U.S. rig count down 27, Canada up 134 The number of rigs searching for oil and gas in the United States fell by 27 to 856 during the week ending Jan. 11, according to oil services firm Baker Hughes. A year ago there were 1121. The number of rigs searching for oil fell by two to 136, while the number of rigs searching for gas fell by 25 to 719. There was one miscellaneous rig, unchanged from last week. The number of rigs exploring for oil and gas in Canada was up 134 this week to 427 compared to 546 last year. To subscribe to our Executive News Service, which is updated twice daily, log on to http://www.energyinsight.com, or contact Platt's Direct Response Team at 1-800-424-2908 (if outside the United States call 1-720-548-5700). ///////////////////////////////////////////////
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