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 -
"We only went into Iraq because of oil, you know." "We only appease Saudi Arabia because of oil, you know." To hear people talk sometimes, you'd think they never used oil.
- David Mitchell on hypocrisy and politics
, and how we blame our leaders for making decisions based on what we want, not on what we say.
posted by Artw
on Oct 19, 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 -
"Fog of War"
cited by United States Ambassador to the United Nations Zalmay Khalilzad. He was speaking
to journalists to clarify reports concerning his unauthorised
contacts with foreign government officials, among them Asif Ali Zardari; a then contender to succeed Pervez Musharraf as president of Pakistan.
Earlier this year he was being touted as a possible successor to Hamid Karzai as President of Afghanistan as seen in these
is Zalmay Khalilzad? Neo con
and oil businessman
. [more inside]
posted by adamvasco
on Sep 10, 2008 -
"It took the Mississippi River 6,000 years to build the Louisiana coast. It took man (and natural disasters) 75 years to destroy it. Experts agree we have 10 years to act before the problem is too big to solve." [Via First Draft.]
posted by homunculus
on Mar 5, 2007 -
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 -
The Paradigm is the Enemy:
A sobering but cogent account of the state of Peak Oil, what it's already led to (reported and ignored), and what is in store for us in the near future. The worst part is the political impossibility of addressing the problem constructively: that would require acknowledging the problem.
posted by LeisureGuy
on Apr 29, 2006 -
Why am I and a few others
the only ones interested in this angle of the war story. I have been doing research
about our disappearing VP
and have found
than I can link here
. No implied conspiracy theory, just more of those things that make you say Hmmmm.
See if you can connect the dots!
posted by bas67
on Oct 15, 2001 -
Grand Old Petroleum.
GOP. Get it? The DNC really cracks me up sometimes. This is, however, an interesting development in politics. Is every issue going to have its own clever webpage in the future? The mind boggles.
posted by CRS
on May 17, 2001 -
"You don't have to burn books now," says Thomas. "You just press the delete key."
Two unabashedly partisan reports
of the Bush administration's clandestine campaign to "tighten up" anything from online government sources dealing with the development of Alaskan mineral resources.
We've done the debate on Alaska, but what about the ability to amend online records? The old administration's sites are meant to be preserved by law, but plenty appears to have been deleted in the name of "polishing":
"We changed value-laden words like 'destroy' to 'impact.'"
Newspeak in action? Should government-run sites be required to carry a Changelog?
posted by holgate
on Apr 14, 2001 -
Iraq improves its oil reserves
This piece belongs with the other post I recently posted on oil and world political and military strategies. I guess that since filling my gas tank this evening I have narrowed my focus a bit, for which, apologies.
posted by Postroad
on Mar 21, 2001 -
Nader Responds to Accusations of Hypocrisy
“I will fight for the U’wa and investor accountability by backing a shareholder resolution at the next Annual General Meeting of Fidelity Investments–one of the largest shareholders in Occidental Petroleum and I urge social and environmental screens as a filter for all holdings."
posted by snakey
on Nov 3, 2000 -
Gore's Connection to Occidental Petroleum
goes much deeper than an investment in a mutual fund. From the article: "...the Clinton Administration has been quietly helping the company--a generous donor to the Democrats in recent years--to win support in Colombia for its drilling plans."
posted by snakey
on Oct 28, 2000 -