Assuring Real Progress on Climate 23 December 2014 Dr. James Hansen (and his web site)
Goldman Sachs sees $1 trillion of “zombie Investments” stranded in oil fields, looking at 400 of the world’s largest new oil and gas fields, and excluding US shale [Bloomberg]. Hope none of that’s collateralized….
Prisoner’s dilemma in the oil fields: Who’ll stop pumping first? [Wall Street Journal].
Saudis Tell Shale Industry It Will Break Them, Plans to Keep Pumping Even at $20 a Barrel
Wolf Richter: First Oil, Now US Natural Gas Plunges, “Negative Igniter” for New Debt Crisis