climate change

The bleak projection of future oil use in a previous post [https://www.obsfuture.com/2016/01/12/an-alternative-interpretation-of-the-recent-drop-in-oil-prices/] made me look more into what was actually agreed upon at the landmark Paris meeting on December 12th 2015. The full text [http://unfccc.int/resource/docs/2015/cop21/eng/l09. »

These days, crude oil [http://www.bloomberg.com/quote/CL1:COM] is trading at close to $30 per barrel, which is an extremely low price in historical perspective. The price is so low that it threatens the entire US shale oil industry and leads to massive fiscal deficits in other »