GLOBAL MARKETS


Live World Indices are powered by Investing.com

Saturday, 21 September 2019

#Week4Future: Global #Climate #Strike Week - @postcarbon

At this unprecedented pivital juncture in human history The End Of Fossil Energy is pleased to annouce its support and endorsement of the beliefs, policies and actions of:


Our Strategy

Post Carbon Institute provides individuals and communities with the resources needed to understand and respond to the interrelated ecological, economic, energy, and equity crises of the 21st century. We help build resilience to withstand these crises, and support social and cultural change to make society more ready to take decisive and appropriate action. Specifically, we:
  • Grow collective understanding of our energy reality, and the need for both conservation and appropriate, community-centric renewable energy.
  • Promote community resilience as the best way to build thriving, relocalized neighborhoods, towns, and cities capable of withstanding coming disruptions.
  • Support a growing movement of innovators and early adopters who can develop best practices and provide leadership both now and during future crises.

"But even if hope has to be held lightly in the steely-eyed recognition of what we face, we still must take action. Much of that action comes back to our own backyards."


A sea change moment?


September 19, 2019

Tomorrow begins Global Climate Strike Week, led by young people to demand urgent action to address the climate emergency. What many hope will be a sea change moment in the struggle to mobilize a real response to this existential threat had a humble start a year ago when a young Swedish student, Greta Thunberg, began spending her Fridays protesting in front of the Swedish Parliament. Inspired by Greta’s example—and her blunt, uncompromising stance—millions of students have since joined her in the “Fridays for the Future” movement. This week is an opportunity for the rest of us to participate.
I will be out on the streets tomorrow and the following Friday in my hometown, and I’ll be joining a number of other activities planned locally over the coming week. PCI is supporting our staff to actively participate in the various communities where they live. We’d like to encourage you to do the same. Visit the Climate Strike website to find activities near you.

Image result for greta thunberg



Learn More

The Most Important Speech Ever



Wednesday, 18 September 2019

#CLIMATECRISIS:IMPORTANT #WEBINAR INVITATION FROM THE POST #CARBON INSTITUTE

Hello Everyone,

I work on issues surrounding the climate crisis nearly every day, but I still struggle to talk about the magnitude of the situation with my family and friends. Finding the right approach to these conversations—so we can keep talking even when we disagree or leave the conversation feeling empowered rather than disheartened—can be truly challenging.

Which is why I'm so excited about our live webinar with Karin Kirk and Susanne MoserWe Need to Talk: How to have difficult conversations about the climate crisis.
Karin Kirk has taught courses about climate change, overseen energy conservation projects, worked on national-scale climate education efforts, and measured the effectiveness of NOAA's Climate.gov website. While a scientist by training, Karin is particularly intrigued by the intersection of science and the human dimension.
Dr. Susanne MoserSusanne Moser is a geographer who works nationally and internationally as an independent scholar and consultant from a base in western Massachusetts. Her work with government agencies, non-profits, foundations, and other researchers and consultants focuses on adaptation to climate change, resilience, transformation, science-policy interactions, and effective climate change communication.
During the webinar we'll talk about:
  • Overcoming personal reluctance to have conversations about the climate crisis
  • Strategies for connecting with people who disagree with us
  • How to approach this difficult topic so that you inspire others to take action
I hope you'll join us. Our panelists have a wealth of experience and wisdom to offer so we really think you'll enjoy this great conversation whether you talk to people about the climate crisis for a living or out of personal passion.
WHAT: Live Webinar - We Need To Talk

DATE: Thursday, October 10, 2019

TIME: 11:00 AM PDT / 2:00 PM EDT / 6:00 PM GMT
GET YOUR TICKETS TODAY
We are so lucky to have such an engaged and inspiring community. Your participation in these events makes them richer and far more meaningful.

If you think your family and friends might also find this webinar interesting, please spread the word and share this email with them.

In gratitude,

Amy Buringrud
Marketing & Communications Director
Copyright © 2019 Post Carbon Institute, All rights reserved.

Our mailing address is:
Post Carbon Institute
800 SW Washington Avenue, Suite 5
Corvallis, Oregon 97333

Add us to your address book



Monday, 16 September 2019

#US Shale #Oil Production To Peak In 2030


“However, it should be noted, that any changes in future market conditions would have an immediate impact on our shale production projections,” Passos concluded.


Rystad: US Shale Production To Peak At 14.5 Million Bpd


US shale supply will peak at approximately 14.5 million barrels per day (bpd) around 2030, according to Rystad Energy.
In the past decade, crude oil coming from shale patches such as the Permian in the US has grown from a negligible contributor to an upstream behemoth, reshaping the industry and the oil market.

US Light Tight Oil (LTO) represented less than 1% of global oil supply just nine years ago. Today, US LTO represents close to 10% of total global oil supply, a percentage which is expected to continue its ascent going forward. But by how much? That is the million-dollar question.
Different agencies and knowledge houses have responded to this with varying degrees of positivity and skepticism. Rystad Energy aims to shed some light on this uncertainty and provide its answer.
“Under our base-case price scenario*, US LTO supply should reach its peak at approximately 14.5 million barrels per day (bpd) around 2030,” says Sonia Mladá Passos, a product manager on Rystad Energy’s Shale Upstream Analytics team.


Permian shale

LEARN MORE
THE FUTURE OF SHALE


Sunday, 28 July 2019

Tanker #Insurance Soars As #Iran Tensions Mount


" oil prices in the wake of the attacks highlights the importance of Strait of Hormuz as a global oil artery"

Tanker at sea

Middle East Tanker Insurance Rates Soar 10-Fold

 

Insurance rates for tankers going through the Strait of Hormuz have skyrocketed tenfold in the two months since the first attacks on tankers off the coast of the UAE, CNBC reports, quoting the chief executive of a shipping company. The news could reinforce anticipation of higher oil prices, not because of fundamental factors but because of insurance rates.

The first link in a chain of events that may send prices higher took place in late May, when Middle Eastern media reported attacks on four tankers off the coast of the port of Fujairah, in the Persian Gulf and close to the Strait of Hormuz. Then, about two weeks later, another attack was reported, this time in the Gulf of Oman, right out of the Strait of Hormuz. Finally, Iran shot down a U.S. drone claiming it was flying over its territory.


After the U.S. blamed both tanker attacks on Iran, the drone incident was seen by many as the last straw before open military confrontation. This has not yet materialized, but oil prices spiked after both attacks and the drone shoot-down and reports about insurers hiking their tanker premiums for Strait of Hormuz-passing vessels multiplied.


LEARN MORE 

CAN DIPLOMACY WORK?



 

Sunday, 21 July 2019

#Bloomberg: No End In Sight For #Shale-Oil Drilling Slump

"The frack market “is a mess,” Brad Handler, an analyst at Jefferies LLC, wrote in a note to clients. “With every passing datapoint/call, there is little to suggest this market gets any better, and so we hack away at numbers again.”

Image result for shale oil drilling rigs 2019

Shale Drilling's Worst Yet to Come 

(Bloomberg) -- America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon.

Three months ago, when Helmerich had 220 of its rigs hired out, Chief Executive Officer John Lindsay told investors the second quarter would be the nadir for his fleet. But after the number of Helmerich rigs at work shrank to 214 a few weeks ago, Lindsay says his earlier projection was “premature.”

“The full effect of the industry’s emphasis on disciplined capital spending continues to reverberate through the oil field services sector,” he said in a Wednesday statement. “We are reluctant to predict another bottom and see further softening during our fourth fiscal quarter as our guidance would indicate.”

The hired hands of the shale patch who drill and frack wells are suffering from a slowdown in North American spending brought on by investor demands for higher returns. The U.S. oil rig count has fallen 11% this year, according to Baker Hughes.

 Image result for shale oil drilling rigs 2019

Fracking giant Halliburton Co. is eliminating jobs and warehousing equipment no one wants to rent. Superior Energy Services Inc. said earlier this week that it’s looking for ways to cut costs and may sell assets to raise cash. On Thursday, 28 of the 29 oil and gas industry stocks in the S&P 500 Index were falling.


LEARN MORE 

OIL PRICES SIGNAL RECESSION?

 

Twitter

Twitter
Follow Here

Search This Blog