Wednesday, February 12, 2020

Energy Markets Need Winter, and Climate Change Is Taking It Away

The warmest January on record is making life difficult for oil and gas traders.


It turns out that global warming isn't good for fossil fuel companies either.

They are using artificial snow at some sky resorts.


For global energy markets it’s a disaster—and as the world continues to get hotter it’s something producers, traders and government treasuries will have to live with long after the acute dislocation of the coronavirus has passed. The industry relies on cold weather across the northern hemisphere to drive demand for oil and gas to heat homes and workplaces in the world’s most advanced economies.

Climate activists might find a certain poetic justice in energy markets suffering from the global warming caused by fossil fuels. Burning natural gas, oil and other fuels to heat homes and businesses accounts for as much as 12% of the greenhouse-gas emissions blamed for raising the world’s temperatures.


Bloomberg

Energy Markets Need Winter, and Climate Change Is Taking It Away

9 comments:

Bob Roddis said...

The ski seasons in the western USA are getting much longer.

https://www.skitaos.com/ski-ride/cams-conditions

Kaivey said...

But shorter elsewhere.

S400 said...

Bobs links are as impressive as his dream economy.
When your at it why not post some links showing how wonderful Chile is?

Bob Roddis said...

Chile has a central bank, right?

What's so cool about that?

Matt Franko said...

hey Chile has a lot of silver and gold bob... lots of copper too...

All the elements in column 11 of the Periodic Table just for the taking... think about it...

Sounds good right?!?! gotta love that column 11 with the FULL electron D-bands... ALL of 'em!!!

What is it about those full D-bands that just makes them IRRESISTIBLE?!?!!?

Who needs govt authority when you can have the Column 11s with the full D-bands instead!!!!

"Promote the general welfare": meh....

"full electron D-bands": Yeah! now that sounds really good....


Matt Franko said...

https://en.wikipedia.org/wiki/Mining_in_Chile

"Mining products of Chile includes copper, gold, silver, ..."

ooooooo gotta love Chile....

hey some guys go for the full D-cups but libertarians go for the full D-BANDS... now THATS attractive... ooooo-la-la...

Bob said...

We get Chilean blueberries in the winter.

S400 said...

Roddis needs a link to those blueberries so he can post that link here.

Andrew Anderson said...

What's so cool about that? Bob Roddis

Consider a Central Bank where all citizens (at least) could have debit/checking accounts and that all other explicit and implicit privileges for private banks were abolished too?

Good thing or bad thing, Bob?