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: Take Five (Weeks)
Posted on August 01, 2008
Falling demand drove oil down again Friday, Bloomberg reports, closing the worst month for oil since 2004. Big Oil survived Total's second-quarter profit jumped 39%, echoing other majors results, such as Exxons record quarter, in the WSJ (sub reqd.). The L.A. Times says more taxes on Big Oil (Exxon already pays 49%) arent the answer, while the NYT edit page tsks-tsks about fuel subsidies abroad.Why dont gasoline prices fall as quickly as they rise? Its the theory of rocks and feathers, at Knowledge Problem. Meantime, grab a bikeif you dare. The WSJ (sub reqd.) chronicles the death-defying ex...
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