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Friday, 8 April 2016

Airlines Making BIG Hedges on Fuel


Some 15 million barrels in Brent and WTI crude financial call options traded last week in the over the counter market, nearly one-third more than the previous week, according to Depository Trust & Clearing Corp swaps data available via Thomson Reuters Eikon.
While the data does not indicate parties involved, two traders say that some of the trades were unusual because of its large volume.

  Airline Hedges Fuel Rally in Later Dated Prices


Big airlines are making waves in the oil market for the first time since prices went into a tailspin nearly two years ago, betting this may be their best chance to lock in cheap jet fuel for years to come, industry and market sources say. A number of airlines moved last week to place significant oil price hedges for 2017, 2018 and even 2019, according to three trading sources familiar with money flows. They declined to specify companies, but said it was the largest flurry of such activity in more than a year. A fourth trading source indicated that bigger trades occurred in the over the counter market last week. While still small relative to previous years, when some carriers hedged as much as 40 percent of their fuel costs, the recent […]

The Inequality Sweepstakes 

62 billionaires now have more wealth than the bottom 50% of the global population, while the richest 1% own more than the other 99% combined. In 2010, it took 388 of the super-rich to equal the holdings of that bottom 50%.

As Coal Use Drops, Investors Blow Nearly $1 Trillion Globally on Unnecessary New Plants

$1 trillion could provide electricity from renewable energy to 1.2 billion people, but it was funneled into coal projects instead. "In terms of climate safety, the clock is ticking on the transition to clean energy. There is no time to waste."

Scotland Is Coal-Free

5 million people aim to have enough renewable energy to power 100% by 2020. Renewable electricity output has more than doubled since 2007 from onshore and offshore wind, which has established Scotland as a renewable energy leader in the region. Scotland’s largest wind farm is also the largest in the UK. 


Image result for harvard

That’s why last month’s Harvard study came as such a shock. It used satellite data from across the country over a span of more than a decade to demonstrate that US methane emissions had spiked 30 percent since 2002. The EPA had been insisting throughout that period that methane emissions were actually falling, but it was clearly wrong—on a massive scale. In fact, emissions “are substantially higher than we’ve understood,” EPA Administrator Gina McCarthy admitted in early March.


Global Warming’s Terrifying 

New Chemistry

Our leaders thought fracking would save our climate. They were wrong. Very wrong.

By Bill McKibben

Image result for methane bomb

Global warming is, in the end, not about the noisy political battles here on the planet’s surface. It actually happens in constant, silent interactions in the atmosphere, where the molecular structure of certain gases traps heat that would otherwise radiate back out to space. If you get the chemistry wrong, it doesn’t matter how many landmark climate agreements you sign or how many speeches you give. And it appears the United States may have gotten the chemistry wrong. Really wrong.

There’s one greenhouse gas everyone knows about: carbon dioxide, which is what you get when you burn fossil fuels. We talk about a “price on carbon” or argue about a carbon tax; our leaders boast about modest “carbon reductions.” But in the last few weeks, CO2’s nasty little brother has gotten some serious press. Meet methane, otherwise known as CH4  
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