Daily Archives: May 24, 2011

Having been proven right about their prediction of a rather substantial correction in commodities  earlier this month, Goldman Sachs is now out with a new view.

A bullish view.

Among the hardscrabble nations of Central America, renewable energy involves no high-falutin’ principles. It is an essential weapon in a battle for survival as well as a hope for prosperity in some of the frailest economies of the Americas.

Central America has no oil, save for a few thousand barrels a year from Guatemala. It has no coal, nor any natural gas. With the region’s annual oil import bill running at more than $7bn a year and rising, volatility in world oil markets competes with the notorious vulnerability of the region to natural disasters as a major threat to economic stability.

Hence, the quest for renewable energy resources is drawing some 600 representatives of businesses, governments, aid agencies and NGOs to a “Clean Energy Summit” in Guatemala on Monday and Tuesday.

FT Energy Source

- Risk aversion takes toll on oil – FT

- Oil rises after Goldman raises forecast – Bloomberg

- Ahmadinejad will not attend Opec – Argus

- BP-Rosneft deal ‘dead’ for now – WSJ

- Talks between BP and Rosneft continue – The Telegraph

- Tullow buys Dutch North Sea fields – WSJ

- Shell rapped over North Sea incident – The Telegraph

- MPs back shale gas drilling – FT

- Clegg unveils Green Investment Bank – The Guardian

Rottgen sees rewards in non-nuclear policy – FT

Merkel warned nuclear shutdown may mean blackouts – The Guardian

- California carbon market on ice – Reuters

- Gauge agreed for biofuel effects on world – FT

- Cairn resumes Greenland oil drilling – WSJ

- Mitie lifts pay-out as energy costs soar – FT

Energy Source is no longer updated but it remains open as an archive.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