Daily Archives: May 15, 2009

Kate Mackenzie

1. Quote of the week:

Zhou Jiping, Petrochina president  Read more

Kate Mackenzie

Clouseau-esque market-moving commentary, IEA edition

BP on solar power: the industry hits back Read more

Kate Mackenzie

We didn’t especially think so, either. But some would disagree:

“On a factual basis, there shouldn’t be any correlation,” says Brian Yerger, the chief executive of Aerca Advisors, an investment consulting firm. “There’s no rational reason for it.” Read more

Kate Mackenzie

It’s easy to be disheartened by the enormous technological and economic challenges to finding efficient new ways to meet the world’s energy needs – particularly with the massive scale of consumption in the developed world. So simple, low tech solutions always generate excitement – the $5 solar oven being a good example. Somewhat in this vein, the BBC World Service reports on an appealing idea: using banana skins and other waste from the plant to make simple briquettes for burning.

It doesn’t necessarily address the problem of soot or ‘black carbon’ emitted by burning biomass, which is understood to be a significant contributor to climate change. But the BBC reports it would reduce deforestation due to wood being gathered burnt for home cooking. Read more

James Fontanella-Khan

- Rio says committed to Chinalco tie-up
Shares in Rio Tinto regained the steep losses (FT)

- Opec resolve to cut output fraying, says IEA
Cartel raised its output by 270,000 barrels a day (FT)

- National Grid rules out cash call
Expects to strengthen its financial position (FT)

- Strong appetite for silver
Mints almost doubled coin production (FT) Read more