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: Platform Battles
Posted on August 20, 2008
Crude oil futures held steady around $114 ahead of U.S. inventory data and with the dollar recovering, reports Bloomberg. But traders are also watching tropical storm Fay, which could boomerang back into the Gulf, AP notes. Maybe speculators arent such a big part of the market after all: The WSJ reports (sub reqd.) that the big player recently classified as a speculator is Vitol Group, which acts as a middleman for the industry. The big question is what will happen to demand now that oil and gasoline prices have settled, says Energy Outlook. It generally takes an unusual combination of low gro...
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