From Platts: Air China has seen its jet fuel hedge slump to almost half a billion dollars in the red, the Chinese airline warned shareholders in a notice published on the Hong Kong Stock Exchange after markets closed Friday. The company, one of the big three national airlines in China, admitted that it bought and …
Found while cleaning off the desk in my office today, a report from back in July prepared by staff for the New Mexico Legislative Finance Committee: FY09 will be a robust 9.3 percent (growth rate) due to extremely high energy revenues. Ah, those were the days.
We’ve got a brackish water rush going on in New Mexico, but Joel Gay points out today that the economic mess may slow things down: It will take tens of millions of dollars to turn any of the three reported supplies of brine into water fit for human consumption, and neither private nor public sources …
Continue reading ‘Brackish Water and the Investment Problem’ »
Over at the day job, I’m finished looking at solar tax credits (to be printed on paper and thrown on driveways this weekend) and on to the oil price collapse. The question that interests me is the issue of infrastructure investment. Now that oil is under $50 a barrel, what’s happening to the investment in …
Google searches for “climate change” in blue, “oil prices” in red.
Great comment on an Arnold Kling post on the dangers of looking back to see who successfully predicted this mess: People talking about a bubble is not the same thing as “knowing” there is a bubble…. Just as with the stories about pre-9/11 warnings of a terrorist attack, there are always those issuing warnings of …
I’d been curious about what this graph might look like. From EIA: (Source: EIA – click through to see it bigger) The interesting thing is that the U.S. energy mix largely stabilized, in terms of the share of total consumption from the main sources, in the late 1980s, and has been relatively unchanged since. Why …
The whole energy sector of the global economy may be in freefall, but in New Mexico we’re still digging up coal at a rate 5 percent above last year, and climbing. Nationwide, coal U.S. coal production year-to-date is up 3.5 percent over last year.
For a journalist, making fun of California is a fish-in-a-barrel sort of thing, especially when it comes to water. But this piece from the AP takes the fun an extra mile. Love the picture: Cookie Smith was surprised to learn the fake lawn that earned her a home-beautification award violated a city ban on artificial …
FAO thinks we should not be sanguine about falling global food prices: [T]he gradual return to equilibrium in food markets should not be taken to assume that the world’s food problems have been fixed, neither in the short-run nor with a view to the longer-term challenges. Cereal stocks still need to be replenished and lower …