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Daily Archives: February 2, 2011
Punxsutawney Phil has bad news for gas prices
Pity the poor equity researchers. You spend weeks honing your models, inputting your data and finessing your conclusions, knowing all the while they could be blown completely off course by something as uncontrollable as the weather.
Well the team at Credit Suisse are taking no chances. And rather than watching the regular weather forecasters, which after all, predict only days in advance, they have kept their eyes on the most reliable source the US has to offer: groundhogs.
Another reason for Israel to be worried about Egyptian protests
Much has been made of the nervousness with which Israel is watching events in Egypt. The peace treaty signed between the two countries in 1979 makes the relationship one of the most important regional alliances for Israel in the region, and Israel fears that a revolution could see the Egyptian government fall into the hands of Islamic fundamentalists.
Move to low carbon economy ‘will cost Europe €2.9 trillion’
Banks will have to supply 2 per cent of Europe’s GDP, or €2.9 trillion, to meet consumer demand for projects and technologies that tackle climate change, according to a new report from Barclays and Accenture.
The report took what it calculated to be the likely level of demand for things such as wind farms, energy efficiency measures and electric vehicles and estimated how much capital would be needed to fund these.
In a way, this looks like good news: demand is likely to be so high that it could provide a real opportunity for the banks. Rupesh Madlani, head of European renewables and cleantech equity research, told Energy Source: “There is a lot for the banks to play for here.”
Energy headlines: BP hit by Rosneft injunction
- Injunction clouds BP dividend resumption – FT
- BP’s Russian row heads to UN court – The Telegraph
- Oligarchs add to oil giant’s troubles – FT Lex
- Dudley sets new path to smaller but safer BP – FT
- BP’s massive loss does not excuse its strategy – Terry Macalister, The Guardian
- BP’s largesse is a comfort blanket – FT Lombard
- BP joins Marine Well Containment Company – Argus
- China gives green light to mega hydro power dam – The Guardian
- GE says £100m UK turbine plant on track – WSJ (£)
- IEA sees ‘no real threat’ to oil transit via Suez canal – Bloomberg
- Don’t panic: oil traders adapt to $100 a barrel – FT
- Egypt’s strife poses threat to jet fuel demand – Argus
- Oil price is under control – FT
- Natural gas: It’s not easy being green – NY Times Green blog
- Investors warn over deep water drilling risks – FT
- Nuclear plants falter despite government push – NY Times
- Statoil curbs output over safety fears – FT
- Companies examine green plan to use Norway as ‘battery’ – The Times (£)
- Recession drives fall in UK emissions – FT
- California court clouds cap-and-trade outlook – Reuters
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.