NewEnergyNews: THE LOOMING CLIMATE CHANGE THREAT TO BIG OIL

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • TODAY’S STUDY: Rewarding Utilities For Giving Customers What Customers Want
  • QUICK NEWS, February 19: The Campaign To Get Conservatives To Fight Climate Change; A Perfect Match Of Distribute Energy And The Grid; U.S. Navy Moves On Wave Energy
  • THE DAY BEFORE

  • Weekend Video: Colbert Nails EPA Head Pruitt
  • Weekend Video: Ocean Life And Offshore Wind, Better Together
  • Weekend Video: Australia’s 50,000 Home Virtual Power Plant
  • THE DAY BEFORE THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-Get Ready ‘Cause Here It Comes
  • FRIDAY WORLD HEADLINE-World Power Grids Are Ready For New Energy
  • FRIDAY WORLD HEADLINE-World Wind Numbers Reach New Highs
  • FRIDAY WORLD HEADLINE-Global Data Giants Drive New Energy Growth
  • THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY, February 15:

  • TTTA Thursday-Conception In A Time Of Climate Change
  • TTTA Thursday-Introducing The EV Policy Fights
  • TTTA Thursday-The Oklahoma Wind War
  • TTTA Thursday-New Things To Do With Solar
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING: Stop, collaborate and listen: California works the details of bringing on distributed energy
  • ORIGINAL REPORTING: Hawaii Regulators Accept The Utility’s New Energy Plan To Move Ahead
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

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  • TODAY AT NewEnergyNews, February 20:

  • TODAY’S STUDY: Using Economics To Grow Energy Efficiency Habits
  • QUICK NEWS, February 20: Cities’ Climate Fight Sets Goals; Solar On Every Roof; Wave Power For Ocean Water Desalination

    Thursday, May 07, 2015

    THE LOOMING CLIMATE CHANGE THREAT TO BIG OIL

    Big Oil’s Disruptive Climate Change; Oil majors face a real risk of stranded assets—and not just related to efforts to limit carbon emissions.

    Liam Denning, May 6, 2015 (Wall Street Journal)

    “Even as oil rallies back above $60 a barrel, obituaries are being drafted. Oil majors face questions from shareholders concerned the threat of climate change means some of the reserves underpinning the companies will never be produced…[This risk of stranded assets] is real…Saudi Arabia’s decision to keep pumping despite the drop in oil prices…indicated concern about long-term demand in the face of technological and regulatory threats…Citigroup estimates as much as 40% of the current investment cycle—about $1.4 trillion—may have gone into or be going into projects that struggle to generate acceptable returns at oil prices below $75 a barrel…Right now, Brent crude futures for the next five years average about $74 a barrel…” click here for more

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