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 -
Unusually for a spring season, gasoline prices have been steadily climbing
in the US since the beginning of 2011, and have surpassed $4/gallon in many US states, largely due to political instability
in many oil-producing African and Middle-Eastern nations. "Not so fast,"
says the Department of Energy. Although the price of crude oil has climbed steadily throughout the year, the price of gasoline has climbed much faster -- a disparity known as the crack spread
, which has remained
at its highest level in 32 months, even in light of a sharp decline in the price of crude oil at the beginning of the month. The DoE speculates that although crude oil is cheap and plentiful enough, the 2011 Misssissippi River Floods
are currently more to blame for $4 gas than the uprisings in the Middle East.
posted by schmod
on May 19, 2011 -
Car companies were facing a variety of efficiency and emission standards throughout the United States, from the Department of Transportation, the Environmental Protection Agency, On May 19th, and then an even stricter emission standard from California and 13 other states (plus DC). On May 19th, President Obama announced nation-wide new vehicle fuel efficiency standards
for new cars and trucks through 2016. The goal is to rapidly increase fuel efficiency,without compromising safety, by an average of 5, culminating in 39 MPG for cars and 30 MPG for light trucks. Currently, no auto makers are meet the final standards
, though some are closer than others. [more inside]
posted by filthy light thief
on May 28, 2009 -
In 2009, a remarkably gifted politician, confronting a remarkably difficult set of challenges
, will have to learn to say "No we can't"
, Guantánamo will prove a moral minefield
, economic recovery will be invisible to the naked eye
, governments must prepare for the day they stop financial guarantees
, we will judge our commitment to sustainability
, scientists should research the causes of religion
, we will all be potential online paparazzi
, English will have more words than any other language
(but it's meaningless), Afghanistan will see a surge of Western (read: American) troops
, Iran will continue its nuclear quest
while diplomacy lies in shambles
, the sea floor is the new frontier
, we should rethink aging
, (non-)voters will continue to thwart the European project
-- but cheap travel will continue to buoy it
-- though it has some unfinished business to attend to
, and a Nordic defence bond will blossom
.The Economist: The World in 2009
. [more inside]
posted by goodnewsfortheinsane
on Nov 27, 2008 -
the new urban jungle
. . . is a growing movement led by cities like San Francisco
, New York
, and Leiden
to restore active and vibrant natural systems in urban areas. Far from the eden-like depictions of nature of yesteryear, i.e. the garden of earthly delights
(nonetheless, still attracting some dynamic new christian converts
), the movement has morphed into today's backyard and grassroots environmental movement which is more and more a picture of hybridity, compromise, mixed-use, and ultimately, taking nature out of the walled islands of zoos, aquaria, national parks and other thick-walled institutions and offering a different kind of everyday "unmediated"
community experience with the new urban wilderness
posted by huckhound
on Jul 6, 2006 -
Running on Fumes
-- a fascinating essay by the Nation's
Sasha Abramsky on what rising gas prices will do to poor exurban communities.
posted by digaman
on Oct 4, 2005 -
Do internal memos reveal oil refineries engaged in price-fixing?
From Joshua Micah Marshall's Talking Points memo; links to a Paul Krugman NYT op-ed, but far more intriguingly to Sen. Ron Wyden's (D-OR) webpage
, where on June 14th he released his report on alleged price fixing by varied oil refineries based on internal memos and documents of these companies. These types of allegations have been made before, but there is some rather damning language from those internal memos...
posted by hincandenza
on Jun 28, 2001 -