Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.

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Green Ink: Another Perfect Storm

Posted on July 03, 2008

Crude oil surged past $145 thanks to a perfect storm of weak equities, a weak (and weakening) dollar, and dismal U.S. stockpile data, Bloomberg reports: Who would want to be short oil at this moment in time?, asks one broker. Gasoline prices are doing the trick for traffic: The NYT reports that $4 gas is doing nearly what the citys congestion pricing plan would have done, cutting traffic by almost 5%. But is gas really driving people away from the suburbs? Only when jobs follow, notes Urban and Environmental Economics blog.Russia continues its race for natural gas, and wants to rule the Caspia...

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