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: Dueling Energy Plans as Paris Hilton Joins the Fray
Posted on August 06, 2008
Crude rebounded over $120 after an explosion at a big BP pipeline in Turkey, Bloomberg reports. But falling demand has plenty of producers concerned about oil falling to $100or lower. Now, the FT reports, big producers are piling into hedges to protect themselves against plummeting priceswhich could be helping push oil lower. Platts The Barrel asks why hedging for airlines is always a lose-lose proposition, now that oils fallen 20% in a month.Higher oil prices have given Iraq a huge windfall, but the country is spending less than 1% of its $80 billion oil earnings on reconstruction projects, s...
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