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Banks To Drop $1bn On RiverCity Loans

Intelligent Investor, 28 October 2010

We’ve seen the odd tollroad failure in this country. But nothing quite so spectacular as Brisbane’s RiverCity Motorway (ASX Code RCY).

China Has 170 Gigawatt Wind Power Project Pipeline, MAKE Says

Bloomberg, 27 October 2010

China has a total wind turbine project pipeline of more than 170 gigawatts in different stages of development, MAKE Consulting said in a report.

Alaska’s untapped oil reserves estimate lowered by about 90 percent

CNN, 27 October 2010

The U.S. Geological Survey says a revised estimate for the amount of conventional, undiscovered oil in the National Petroleum Reserve in Alaska is a fraction of a previous estimate. The group estimates about 896 million barrels of such oil are in the reserve, about 90 percent less than a 2002 estimate of 10.6 billion barrels.

All that hype won’t sell electric cars

CNNMoney, 27 October 2010

If you thought electric cars were about to take over the world's highways, a new report by auto analysts at J.D. Power Associates says, "Not so fast." By 2020, the vast majority of new cars sold around the world will run on gasoline, not electricity, according to the report "Drive Green 2020: More Hope Than Reality." In ten years, just 7.3% of passenger vehicles sold globally will be hybrids or plug-in cars of some kind, the stud

Curtain Being Pulled Back from The Oz of Gas Shales

Rigzone, 25 October 2010

We were struck by the oddity of a detailed discussion about the industry debate over technical factors integral to predicting the decline rate of gas shale wells in a recent column in the Financial Times, a bastion of international finance news.  Several weeks ago, as we were flying to Calgary to deliver a speech to a group of coiled tubing enthusiasts, we opened the FT, as it is better known in financial circles, and came across a

US approves world’s biggest solar energy project

Yahoo! News, 25 October 2010

The United States approved on Monday a permit for the largest solar energy project in the world — four massive plants at the cost of one billion dollars each in southern California. "The Blythe solar power plant will consist of four, 250-Megawatt plants, built on public lands in the sun-drenched Mojave desert," Interior Secretary Ken Salazar said.

Brazil shows large C02 emissions cut before Cancun

Reuters, 26 October 2010

Brazil has reduced its greenhouse gas emissions by at least 34 percent over the past five years and virtually met its 2020 target, the government said on Tuesday, a month before global climate talks begin in Mexico.

Opec says $90 is fair price for oil

Emirates 24-7, 21 October 2010

The current level of oil prices is fair and it will remain so even if they reach $90 a barrel, Opec’s secretary general was quoted on Thursday as saying. Abdullah Al Badri said the 12-nation Organisation of Petroleum Exporting Countries, which controls over 70 per cent of the world’s oil, can still influence the market but he added it was not to blame for the recent surge in crude prices.

[NZ] Govt has no plan for high oil prices

Scoop, 21 October 2010

Minister of Finance Bill English demonstrated that the Government has no plan for coping with high oil prices, said the Green Party today. An independent report published by the Parliamentary Library last week states that another oil supply crunch is likely to occur soon after 2012 and high oil prices will be sustained in the future because low-cost reserves are near exhaustion.

Sea ice melting as Arctic temperature rises

Yahoo! News, 21 October 2010

The temperature is rising again in the Arctic, with the sea ice extent dropping to one of the lowest levels on record,