3. From a new report from Citigroup Global Markets: "The concept of peak oil is being buried in North Dakota, which is now leading the US to be the fastest growing oil producer in the world. We expect oil production in the U.S. to surprise to the upside. We expect industry expectations to lag behind reality, just as they did with shale gas for many years." (ht: BakkenBlog News)
Meanwhile, things aren't as bright for green energy....
4. "The wind power industry is predicting massive layoffs and stalled or abandoned projects after a deal to renew a tax credit failed Thursday in Washington. Up to 37,000 jobs, many in Illinois, could be lost as projects are halted or abandoned." Peak wind subsidies?
No comments:
Post a Comment