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: Even Oil Bulls Are Bearish

Posted on October 07, 2008

Crude oil futures rebounded Tuesday after an interest-rate cut in Australia raises hopes of a wider policy response that could rescue lagging demand for oil, Bloomberg reports. The WaPos Energy Wire reports early signs that Chinas easing of fuel subsidies could finally be affecting demand. The global outlook has even famous oil bulls, like Goldman Sachs Arjun Murti, revising his superspike numbers downward, also in Bloomberg.Still, you cant forget the supply-side fundamentals, argues Platts The Barrel. Different strokes on that front: Asia is expected to increase its oil output for the first t...

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