Why high oil prices are not squeezing us more: The “energy intensity” of growth – the amount of oil, coal and gas needed to produce an increase in gross domestic product – has halved since the 1970s, reflecting greater energy efficiency and the shift away from heavy manufacturing. If you have four and a half…
Self-described "longest continuous shareholders" want serious changes at Exxon.
Sudan/Darfur has brought human rights issues to the forefront in proxy voting.
Links to interesting articles for thepanelist.net readers… Poverty and a billion starving people in Africa? Whisked away like dust. Overpopulation and water shortages? Waft, waft. Global warming and climate change? A little brush and they’re gone. Jeffrey Sachs explains how to save the world. The Earth’s temperature may stay roughly the same for a decade,…
Will Hyatt’s new Vice President of Environmental Affairs create "deep green" or "green washing"? Will either translate into brand equity?
Links to must-read articles for thepanelist.net readers. Enjoy! Going green doesn’t have to be as complicated as it sounds: 50 ways to help the planet. The Rockefellers want ExxonMobil to think again on green issues but increasingly oil giants look to government for leadership. Polluted, poisonous and immune to popular efforts to enforce a clean-up:…
In an effort to pander to voters outraged by the rising cost of gasoline, John McCain and Hillary Clinton are both behind a gas tax holiday. They claim that by getting rid of the gas tax between Memorial Day and Labor Day, Americans could save money, thereby easing the pressures on household finances.
Links to must-read articles for thepanelist.net readers…
The bad news is that as markets stabilize, chances for fundamental financial reform may be slipping away. As a result, the next crisis will probably be worse than this one, says Paul Krugman at The New York Times. Graphic: An Average Consumer’s Spending. We are not as powerful as we used to be because over…
Chevron (CVX) is one of the major investors in the Yadana gas field and pipeline project. This pipeline transports gas to Thailand and, reportedly, pays a rather large chunk to the military regime in Burma.
This is one of the best pieces of financial journalism you’re ever going to read. The next bubble: Priming the markets for tomorrow’s big crash, published by Harpers Magazine. According to George Will: "The future has a way of arriving unannounced". That was before equity analysts, says Satyajit Das. Tiger economies are snapping at U.S.…
It’s a myth that the world’s oil is running out, says Irwin Stelzer at The London Times. Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer’s travel season. This is not an energy policy, says Thomas Friedman…
Proposals at Exxon Mobile call for renewable energy research and reporting on efforts to foster energy independence.
What excessive pay package? CEO compensation gone wild… The notion that two consecutive quarters of negative growth spell the descent into economic recession is a big myth, says Gerard Barker at The London Times. Only 18% of the world’s population have access to a free press according to Freedom House, an American think-tank. Climate change…
How to win the war on global warming, according to Time Magazine. An excellent list of statistics: What’s happening in the world right now? Energy experts have dismissed the presidential candidates’ plans for lowering gas prices, and say it’ll be a decade before we can exert downward pressure on the price of gas. Come on…
European and Japanese leaders at their annual summit in Tokyo have called for "ambitious and binding" targets for cutting greenhouse gas emissions. At a time when the world’s top climate experts agree that carbon emissions must be rapidly reduced to hold down global warming, Italy’s major electricity producer, Enel, is converting its massive power plant…
Oil prices rose above $116 a barrel last week, setting another record for the world’s most indispensable energy commodity. What was striking about this latest milestone was what didn’t happen: there was no shortage of oil, no sudden embargo, no exporter turning off its spigot. The subprime mortgage crisis in technicolor. An innovative website using…
If you have 30 minutes to spare, watch Al Gore’s brand-new slideshow. He presents evidence that the pace of climate change may be even worse than scientists were recently predicting, and challenges us to act with a sense of "generational mission" – the kind of feeling that brought forth the civil rights movement – to…
How big is the deep-water oil field Carioca?
What happens when one of the world’s largest banks reports a multi-billion dollar loss? The stock shoots up, of course. The "Citi applause was premature," says Antony Currie at BreakingViews.com. Click here to read another brilliant piece written by Anatole Kaletsky at The London Times. "There is, however, another apparent consequence of the credit crunch…
Solar Symbiosis: Making a Clean Break. The Fight for Yahoo: Five Scenarios. Jon Stewart Eviscerates Media’s Pope Coverage. Cartoon: The Fed slashes interest rates below zero. A Little Financial Knowledge Is a Dangerous Thing
Thoughts on the food crisis: "It is tempting to assume that the problem is purely one of supply and can be fixed by genetically modified plants or investment in a new “green revolution” to boost crop yields. The three most productive solutions, however, are all matters of policy." How long is your working week? Why…
Exxon Mobil (XOM) was back above $90 a share on Wednesday. Indeed, it appears to be heading toward $92 a share. And all of this thanks to the news that global oil supply is likely to cause problems. But XOM is not the only Big Oil stock on its way up. Conoco-Phillips (COP), Chevron (CVX),…
How hunger could topple regimes. “When the history of the global banking crisis is finally written, the failure of the European Central Bank to prepare the ground for rate cuts in early 2008 will rank as a policy blunder of the first order,” says Damian Reece at The Telegraph. The recession may not be as…
Photo:Panorama, Creative Commons, Flickr One of the challenges faced by Big Oil is finding new oil reserves in countries that are not hostile to US concerns.