Monthly Archives: March 2010

We didn’t say that.. Stephen Schork of the daily energy Schork report did. And here’s the graph, charting exactly that. Gasoline versus err, bimbos, by which he actually means entertainment spending in the US as a percentage of total consumption expenditure (and reality TV star Snooki). It’s all ultimately about how changes in refining could affect gasoline prices, demand, and crude oil markets. Read more

Kate Mackenzie

- Saudi Arabian-Indian economics, geopolitical ties strengthen

- Humans are too stupid to prevent climate change Read more

Ed Crooks

A new climate bill in the US senate that puts a tax on oil companies might be expected to raise howls of protest from the industry, but ConocoPhillips’ chief executive Jim Mulva likes the sound of the bill expected to be published by senators John Kerry, Lindsay Graham and Joe Lieberman. Read more

Kate Mackenzie

In the video below, the International Energy Agency’s executive director Nobuo Tanaka told the FT’s Carola Hoyos that the group, which represents the energy interests of western oil consuming countries, may be becoming less relevant as energy demand growth shifts to emerging markets: Read more

Kate Mackenzie

How much do China’s leaders care about climate change – as opposed to energy security? The answer may be unclear, but some experts argue that China’s own local environmental problems are becoming a serious concern for residents, which has implications for the country’s economic policies. Read more

Kate Mackenzie

Sinopec to buy more upstream assets (FT)

Mexico’s Pemex wrestles with oil decline (FT)

World Bank urges Washington to back S. African coal loan (FT)

Opec looks to oil in $70-$80 range (FT)

China’s drought raises coal prices, lowers hydropower (Bloomberg)

Arctic states meet to discuss fossil fuel exploration (Dow Jones)

Petrobras in talks for additional $10bn loan with China (Dow Jones) Read more

Kate Mackenzie

A look at a few of the oil majors’ recent remarks suggests they very much favour a business-as-usual scenario in their own long-term outlooks, rather than one that foresees either a sharp change in oil pricing or strong action on climate change. Read more

Kate Mackenzie

On FT Energy Source:

- Just when it looked safe to talk carbon offsets… Read more

Kate Mackenzie

Proponents of the Clean Development Mechanism – the UN’s scheme for approving projects in the developing world to generate carbon offsets for use by developed countries covered by the Kyoto protocol – have some more bad news to contend with, as two more offset project verifiers have been suspended. Read more

Kate Mackenzie

Surveys suggest that even in the good times, few were enthusiastic about cap-and-trade beyond economic, financial trading and policy wonk circles. And a crucial voting constituency those groups do not make.  Read more