The new future of energy policy

Flood myths are common to human culture. Swollen rivers, tidal storms, and tsunamis make their appearance frequently in literature. But Hurricane Sandy, which has drawn newly etched high-water marks on the buildings of lower Manhattan (and Brooklyn), has shifted the discussion from storytelling to reality.

ODAC Newsletter Nov 9

The end of the US election season and a return of the incumbent Barack Obama saw oil markets turn their attention back to the economy. Despite much talk of upside the picture remains bleak with the US showing a huge deficit, and the EU still unresolved on how to deal with its highly indebted members. Oil prices showed their steepest decline of the year on Wednesday before recovering slightly to around $107/barrel for Brent.

ODAC Newsletter Nov 2

The US Presidential campaign in which the issue of climate change has been avoided for the first time since 1988 got a last minute shake-up this week as the Northeastern seaboard was hit by superstorm Sandy. The storm which also hit the Caribbean and Canada, might just end up forcing the climate issue back onto the political agenda.