There is another bubble.
Before it's burned, Coal, Oil and Gas sit for years on the balance sheets of private (and national) resource companies, as "known reserve" assets. Assets that, someday, will become revenues. Or will they?
And if they won't, what will the balance sheets of ExxonMobil, Chevron, BP, Petrochina, and Gazprom actually look like? [more inside]
posted by anthill
on Dec 19, 2013 -
The average American uses 20 pounds of coal a day
. "our shiny white iPod economy is propped up by dirty black rocks.. I see more people dying of particle air pollution than are dying of AIDS." Coal accounts for nearly 40 percent of America's carbon dioxide emissions. Big Coal
by Jeff Goodell.
posted by stbalbach
on Jun 24, 2006 -