Philip Pilkington: Fear and Loathing in the Financial Markets – What Happens to the Economy When the Oil Bubble Bursts?
By Philip Pilkington, a journalist and writer living in Dublin, Ireland
In 2008 profits in the US economy crashed out. But they soon bounced back. This bounce was largely due to the profits being reaped in the financial sector – which sickened many given that 2008 was in large measure caused by the financial...
Chris Cook: Naked Oil
By Chris Cook, former compliance and market supervision director of the International Petroleum Exchange
All is not as it appears in the global oil markets, which in my view have become entirely dysfunctional and no longer fit for its purpose. I believe that the market price is about to collapse as it did in 2008 and...
Doctors Call for Fracking Moratorium
Wow, this bit of news is amazing, in both a good and bad way. Just to mention one fracking contaminant, benzene is a particularly nasty carcinogen (not that this Bloomberg article mentions it, but it is the sort of thing that too often gets into water tables thanks to fracking). The fact that fracking...
Mark Ames: Failing Up With Joshua Foust – Meet The “Evil Genius” Massacre-Denier Who Shills For War Profiteers
Yves here. We cross posted a piece by Mark Ames on a massacre of Kazakh oil workers striking against KazMunaiGaz, a company "owned" by the son-in-law of the Kazakh president for life. Its American JV partners are led by Chevron.
The story got a surprising amount of pushback here and on Ames' site, and...
“Validated Carbon Credits”: a Correction, a Confirmation, Questions, and No Hint of an Apology
The Gibraltar regulator confirms by email that James Richards company Baron Traders Limited is registered in Gibraltar.
Moron from Scam Companies “Validated Carbon Credits” and “Baron Traders Limited ” Threatens This Blog
By Richard Smith
I posted this a few days ago, about the screechingly obvious fake Gibraltar company Validated Carbon Credits, a trading name of Baron Traders Ltd and its lying "CEO" James Richards. Two comments to the post have caught my eye:
It´s obvious your posting is not only slanderous but based on pure conjecture without...
Validated Carbon Credits and Baron Traders Limited Have (Update: Briefly) Left the Building
The FT and a scammer respond to a Carbon Credits post at NC
“FT Adviser” Tricked Into Lending the Good Name of the Financial Times to Carbon Credit Scammers
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Gaddafi’s Murder And International Law
This is an informative and sobering video by Real News Network on the extrajudical Nato/US killing of Gaddafi. This interview gives some background on what the US interests were and why Gaddafi, who for the previous five years had generally been a cooperative client, became a target.
Energy Efficiency Doesn’t Work
By Cameron Murray, a professional economist with a background in property development, environmental economics research and economic regulation. Cross posted from MacroBusiness
The word efficiency carries a meaning immersed in all things positive – you never hear that being more efficient could possibly be detrimental. In fact, if you can bear the evangelical fervour, you...
Tabb: HFT makes up a third of OTC energy swap trading
Attention over-the-counter (OTC) energy traders who think there’s no prominent high frequency trading (HFT) presence in their section of the market.A Tabb Group research...
Jon Rynn: A Fracking Mess – Natural Gas is Not the Fuel of the Future
By Jon Rynn, author of the book Manufacturing Green Prosperity: The power to rebuild the American middle class. He holds a Ph.D. in political science and is a Visiting Scholar at the CUNY Institute for Urban Systems. Cross posted from New Deal 2.0.
Between questionable science, health hazards, and exorbitant costs, there’s no fracking...
