The Source: Saudis seek compensation for climate deal; what Obama must do; the cost of carbon capture; flammable tap water, and more

On Energy Source:

Greenland, the new oil frontier

Oil demand in the developed world has peaked

Oil close to $76

Some good news for Jeff Skilling?

Elsewhere:

Saudi Arabia wants compensation for any drop in oil consumption resulting from a deal at Copenhagen (NY Times)

…but for now can still afford to buy into Liverpool Football Club (Sky Sports)

What Obama must do to get a deal at Copenhagen (Robert Reich)

Use of forests for carbon offsets has little effect on emissions (Washington Post)

Carbon capture is a costly business, says the IEA (WSJ)

Cap-and-trade plan would cut US growth, if only slightly, and cost jobs in some industries even though others would be created elsewhere, says Congressional Budget Office (Washington Post)

The CBO director clarifies his views (CBO director’s blog)

Texas wind power is blowing in the bucks (Houston Chronicle)

Battle looms over Europe’s take or pay gas contracts (The Times

In Colorado, gas makes tap water flammable (with spectacular pyrotechnic video) (Infrastructurist)

Energy Source is no longer updated but it remains open as an archive.

Insight into the financial, economic and policy aspects of energy and the environment.

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