In Energy Source:
GTL and CTL still have good long-term prospects despite the downturn
Libya to block Chinese takeover
FT is faked by environment campaigners
Elsewhere:
In a historic step, US vehicle fuel economy standards will be raised for the first time in 25 years (Detroit News)
Which is timely, because Cambridge Energy Research Associates is warning again that the risk of a future oil shock is rising because of falling investment (NY Times)
Trader Mark has some fun with the idea that that prediction yields any useful information about what the oil price should be today (Seeking Alpha)
…which does not stop Michael Cohen having a go at a prediction (Seeking Alpha)
The US nuclear industry is struggling to win government and market support (WSJ)
Cellulosic ethanol companies are in trouble (R-Squared Energy Blog)
…which means no commercial second-generation ethanol production this year (Earth2Tech)
But there are some tentative – very tentative – signs of recovery in the wind and solar industries. One wind developer says: “I would characterize the situation as ‘the fog appearing as if it is starting to lift,’” (NY Times)
More gas glut news: Asian LNG prices are stable, but demand is falling (Platts)
Exxon is suing Statoil for $154m over the ten year-old Karsto gas terminal. Statoil already faces a $2bn claim from the Norwegian government over the project (Platts)
Norway lost $90bn from its “oil fund” last year (BBC)
And finally, the Chinese have reservations about Earth Hour, because it clashes with their celebrations for the “liberation” of Tibet. Comment seems superfluous (The Guardian)
