Although it is easy to get caught up in the vastness of the volume of fossil fuels we continue to consume, we are increasingly being presented with positives as we move – albeit slowly – along a path toward a lower carbon-emitting future. So here are a few hat-tips towards said precedents of progress from recent days…from China coal to California cool. » read more
Today’s segment on Fox Business focuses on the potential that oil’s goose is cooked (for now). I may well be wrong that the $112 seen recently on WTI is the high for the year. But even if it isn’t, lower gasoline prices are in store. Which is a good thing. Hooray!
Happy Friday! Crude prices have headed lower this week as Syrian tensions ease…only to be propelled higher by non-tapering…only to be ushered lower by the reason for non-tapering (economy not strong enough). Meanwhile, natural gas rallied on expectations for a bullish storage number, only to retrace when it materialized. As higher temperatures wane and the peak of hurricane season passes, prices settle down around the 200-day average. Snacks ahoy! » read more
An appearance at a conference in New Jersey today gave me the opportunity to pop into the Squawk Box studio beforehand. Unfortunately, everyone was in a bit of a tizzy about the withdrawal of Larry Summers for Fed Chairman, so oil was very much on the back-burner as a hot topic. Hark, click on the below mugshot for my swift synopsis in the first minute, followed by Joe Kernen winding himself up about the Fed: