The Oil Drum - Discussions about Energy and Our Future:
Permafrost thaw threatens Russia oil and gas complex: studyMOSCOW (AFP) – Thawing permafrost caused by global warming is costing Russian energy firms billions of dollars annually in damage control and shrinking Russia's terri (Read More)
The Guardian:
The FTSE 100 fell and the banks collapsed. But as Patrick Collinson reports, the only shares that didn't go up in smoke were tobacco companiesIn a decade dominated by the rise of China, the expansion of the internet and the p (Read More)
The Oil Drum - Discussions about Energy and Our Future:
Peak Oil Files: Why Is Saudi Aramco Building Supercomputers?The biannual list of the world’s 500 fastest computers was released on Tuesday and Aramco had two new entries at No. 119 and No. 134. Both are Dell clusters, running (Read More)
The Guardian:
City economists believe energy costs and the impending VAT rise could temporarily push CPI inflation to 3% or above early next yearInflation in the UK jumped from a five-year low to 1.5% in October, with analysts predicting i (Read More)
The Guardian:
Price of gold and key commodities also see record surge driven by economic optimismWorld stock markets rose strongly again today to record highs for the year, buoyed by rising optimism about the world economy.The price of go (Read More)
observer.guardian.co.uk:
Analysts say there is no danger of inflation taking off any time soon since that would require wages to rise as wellInflation looks likely to pick up robustly on Tuesday because of sharp falls in oil prices last October not b (Read More)
www.guardian.co.uk:
Jonathan Watts reports from a boom area where the industry's past and future are on showThe world's newest carbon citadel rises up between the blasted deserts of Inner Mongolia and the coal-black lands of Shaanxi province.Ord (Read More)
www.guardian.co.uk:
Virgin, Stagecoach and Yahoo among firms calling for measures to address economic dislocation from a sudden rise in oil prices An industry organisation, which includes Virgin and Yahoo among its members, has called on the gov (Read More)
www.guardian.co.uk:
The controversy over the International Energy Agency (IEA) figures has hightlighted the peak oil debate. What do the numbers say?• The world in energy statisticsThe question is not if the world is running out of oil, it's whe (Read More)
New York Times:
The trade deficit grew more than expected in September as foreign oil prices rose to the highest level in nearly a year, swamping a fifth straight monthly gain in exports.
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www.guardian.co.uk:
Energy watchdog says that without action at Copenhagen one in six people will still be without electricity by 2030Rich countries are being urged to sign up to a Make Poverty History-style pledge at the climate change summit a (Read More)
The Oil Drum - Discussions about Energy and Our Future:
International Energy Agency warns falling investment risk to economic recoveryPARIS (AP) — The global financial crisis has led to a dangerous drop in energy investment around the world which could choke off the nascent econom (Read More)
InformedTrades:
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NEW YORK (Reuters) - Global equity markets ended the week with gains on Friday, shrugging off initial shock at U.S. jobs data, but oil prices never fully recovered.
. (Read More)
The Oil Drum - Discussions about Energy and Our Future:
Volatility here to stay in an uncertain oilpatchThere is quite the bun fight going on these days among oil price prognosticators, with much of it taking place on editorial pages and through the airwaves.While many make fun of (Read More)
The Guardian:
Looking back at Obama's election one year on, it's clear that the campaign controveries obscured the issues that really matterBy The People, a new documentary about Barack Obama's campaign for president now airing on HBO, get (Read More)
The Oil Drum - Discussions about Energy and Our Future:
Monday, November 2, Arthur Berman wrote in his blog:Pressure from Petrohawk helps cancel World Oil columnIn an act of extraordinary courage, a top Petrohawk executive threatened to cancel his free subscription to World Oil if (Read More)
The Oil Drum - Discussions about Energy and Our Future:
Goldman’s Currie Says Oil Drives Dollar Down, Not Vice Versa (Bloomberg) -- Crude oil, which has risen 80 percent this year, is causing the U.S. dollar to weaken, driving metals and other commodities higher, according to Jef (Read More)