Anthony Giddens : Blaming Consumers

Anthony Giddens, as a “key architect of New Labour”, disappointingly brings to the table a less than razor-sharp understanding of what is responsible for Global Warming Pollution.

He seems to be content to be cynical about the Consumers in the Free Market Economy, without questioning the role of the Producers of the Energy and goods consumed.

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OPEC Compensation

You can bet your bottom petrodollar that there will be some bailouts at Copenhagen.

There will be the obvious benefactors, in the form of the Mitigation and Adaptation Fund, which will be set up to get money flowing from the industrialised countries to the developing countries, to enable the developing countries to buy technologies from the industrialised countries, to save the developing countries from Global Warming.

But behind the headlines, there will be some other deals being cut, in fact, one in particular may already have been sliced, judging by this article (OPEC = Organisation of Petroleum Exporting Countries) :-

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6926219.ece

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Spot The Fatal Flaw #1 : Oil From Algae

ExxonMobil have a plan : harness the natural lifecycle of billions of little photosynthetic critters and make oil, oil, lots of lovely, slimy, rainbowy algal oil.

http://www.reuters.com/article/environmentNews/idUSTRE56D0O120090714?feedType=RSS&feedName=environmentNews
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Price is a Function of Supply and Demand

I don’t know if any one of you out there can explain to me exactly how to determine the function or formula that can adequately explain the price of Crude Oil. I don’t think that simple analyses of Supply and/or Demand can answer it. Looks chaotic to me…
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The Weyburn Warning : Carbon Capture and Enhanced Oil Recovery

UPDATE : I have been advised to be more precise about what Beulah actually is. The update is bolded for your convenience.

The Weyburn Oil Field field in Saskatchewan, Canada has been the centre of attention for several good reasons over the last few years.

Some of the grease-brained petroleum engineers had a brilliant idea one day : how about trying to pump extra oil out of the field by injecting waste gas into it ?
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