I don’t understand the numbers well enough to know how significant news like this is, but it’s clear that we’re only going to see more of this in the five-to-ten year horizon as conventional oil stays expensive: South Africa’s Sasol (SOLJ.J: Quote, Profile, Research), the world’s biggest maker of motor fuel from coal, said on …
From the Financial Times: The growing importance of wind power originally drew Shell into what was set to be the world’s biggest offshore wind farm, the 1 gigawattLondon Array, that put the UK in line to be the world leader in building offshore wind farms. But on May 2 Shell said it was selling its …
Lazyweb style, I’m looking for y’all’s favorite web sites with energy conservation tips. Comment away….
Natural gas prices don’t have the “big sign on every corner” public awareness, but they’re up big time too, according to the EIA: Current prices in all parts of country exceed historical records for this time of year, when moderate temperatures lead to significantly lower aggregate demand and result in additional supplies injected into storage …
Continue reading ‘The Coming Natural Gas Price Train Wreck’ »
I don’t think any of you will be surprised that, with diesel at $4.72 a gallon, truckers are hurting. From this morning’s New York Times: If diesel prices do not decline and make that side of the business viable, Mr. Hendley says, he will have to sell his trucks, or try to sell them. That …
David Appell notes more evidence for Appell’s Theorem: As Oil Prices Rise, Nations Revive Coal Mining By MARTIN FACKLER BIBAI, Japan — These rugged green mountains, once home to one of Asia’s most productive coal regions, are littered with abandoned mines and decaying towns — backwaters of an economy of bullet trains and hybrid cars.
In which readers try to top one another in a game of “I pay the most for gas.”
stuff I wrote elsewhere
CBO’s Peter Orszag on the economics of putting a safety valve in a cap-and-trade bill: One option for allowing firms flexibility in determining when to reduce emissions while also achieving compliance with a cumulative emissions target would be through setting both a ceiling—typically referred to as a safety valve—and a floor on the allowance prices …
Judy Pasternak on the battle for mindshare surrounding uranium mining around the Grand Canyon: In recent months, the uranium rush has spawned a clash as epic as the canyon’s 18-mile chasm, with both sides claiming to be working for the good of the planet. Environmental organizations have appealed to federal courts and Congress to halt …