Oil

Georgia conflict – Aug 13

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Shattered Georgia pays high price for peace
A roadblock to Russian oil and gas
Kjell Aleklett: Oil and the war in Georgia
Clash of identities triggered Caucasus crisis
BP shuts Georgia oil, gas pipelines as a precaution
Georgia conflict ‘a threat to strategic energy supplies’
It is largely about oil pipelines
Oil in troubled mountains

Thinking About Heating and Cooling Differently

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Today’s posts will focus on heating and cooling and how to deal with these issues…I’m going to talk about strategies for both of these things – first of all, how not to die from heat or cold – how to live without any heating or cooling, even in very cold or hot places, and then also how to cool and heat your house using fewer fossil fuels, but before we go there, I want to talk about how we *think* about heating and cooling overall. Because that has at least as deep an effect on how we approach this as the actual method we use.

Crude Oil Price Retreat: Sunrise or a Lull Before the Storm?

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Ted Trainer (1997) predicted large and permanent increases in oil prices after the year 2000 due to increasing scarcity. In fact in March 2008, oil broke through the psychological ceiling of $100 a barrel, and later in early June rose to around $140 on the way to $150…
…On the heels of such predictions, in the months of July and August 2008, oil has fallen from $147 a barrel (11 July) to $115 (8 August), a large drop over four weeks of 22%…
The paper will consider the present crude oil price retreat and what it likely portends for the future price of oil.

Does queueing theory explain oil’s wild price swings?

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Price movements in the short run contain very little information of importance for long-term planning. To pay too close attention to every decline in the oil price would be the equivalent of halting construction on one’s home every time the sun comes out believing that a new era of permanent sunshine and balmy weather obviates the need for shelter.