Proved reserves and oil price volatility

The Energy Information Administration (EIA) recently released its yearly update of U.S. proved reserves of crude oil and natural gas.  The results are interesting, for crude oil in particular.  Reserves of crude oil at December ...

Posted Monday, November 9th, 2009 at 2:39 pm | Filed in: Oil Dependence, Oil Prices

Weekly Political Roundup: Setting the Table?

Weekly Political Roundup: Setting the Table? There were two interesting developments this week in the world of climate and energy.  Even as Chairwoman Boxer was able to pass major climate legislation despite a boycott by the R...

Posted Friday, November 6th, 2009 at 2:00 pm | Filed in: Environment, Legislation

World economy runs — and stalls — on oil

This morning's FT guest columnist Michael Rothman pens an interesting piece entitled, "Prosperity of the world hinges on oil."http://www.ft.com/cms/s/0/34d8bf80-c8d2-11de-8f9d-00144feabdc0.html?nclick_check=1 That's true and tr...

Posted Thursday, November 5th, 2009 at 9:20 am | Filed in: Economic Security, Energy Demand, Energy Security, Energy Supply

Warren Buffett Invests in U.S. Railroads

Investor Warren Buffett yesterday invested $26.6 billion in Burlington Northern Santa Fe, the second-largest U.S. railroad.  He particularly cited that fact that since deregulation, railroads have become a “decent business—an...

Posted Wednesday, November 4th, 2009 at 8:38 am | Filed in: Transportation

Climate Winners and Losers

As Senator Boxer and the Environment and Public Works committee (sans its Republican members, who have boycotted the session) mark up the Kerry-Boxer cap-and-trade bill, an influential new report describes the impact of carbon pri...

Posted Tuesday, November 3rd, 2009 at 2:16 pm | Filed in: Electric Utilities, Environment, Gas Prices