• 10 hours Thanksgiving Gas Prices At 3-Year High
  • 14 hours Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 16 hours South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 19 hours Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 19 hours Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 21 hours Iraq Steps In To Offset Falling Venezuela Oil Production
  • 23 hours ConocoPhillips Sets Price Ceiling For New Projects
  • 3 days Shell Oil Trading Head Steps Down After 29 Years
  • 4 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 4 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 4 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 4 days Venezuela Officially In Default
  • 4 days Iran Prepares To Export LNG To Boost Trade Relations
  • 4 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 4 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 4 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 5 days Rosneft Announces Completion Of World’s Longest Well
  • 5 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 5 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 5 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 5 days Santos Admits It Rejected $7.2B Takeover Bid
  • 5 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 5 days Africa’s Richest Woman Fired From Sonangol
  • 6 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 6 days Russian Hackers Target British Energy Industry
  • 6 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 6 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 6 days Lower Oil Prices Benefit European Refiners
  • 6 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 7 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 7 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 7 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 7 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 7 days OPEC To Recruit New Members To Fight Market Imbalance
  • 7 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 7 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 7 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 8 days GE Considers Selling Baker Hughes Assets
  • 8 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 8 days Saudi Aramco To Invest $300 Billion In Upstream Projects

Breaking News:

Thanksgiving Gas Prices At 3-Year High

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Hurricane Sandy could be a Blessing for Climate Change Supporters

Hurricane Sandy could be a Blessing for Climate Change Supporters

Hurricane Sandy may prove to be the event that the environmentalists were waiting for, the event that makes the world, or at least a large portion of the US, sit up and take note, and perhaps begin to believe in climate change.

Michael Bloomberg, the Mayor of New York City has certainly been converted into a believer, and has announced his full support for Obama and his climate change policies; he has even set out to create a political fund to back other like-minded thinkers.

“Our climate is changing; and while the increase in extreme weather we have experienced in New York City and around the world may or may not be the result of it, the risk that it might be — given this week’s devastation — should compel all elected leaders to take immediate action.”

It is this business-like approach and evaluation style that world leaders need to be taking. The ability to look at all the factors, and, no matter how small or unlikely, create a model or contingency plan for a worst case scenario.

Related Article: Hurricane Sandy: Litmus Test for America's Utilities

Environmentalists are criticised for taking this approach, looking at the ‘worst case’ scenario and trying to make changes to avoid it. The fossil fuel sector by comparison has chosen to completely ignore the matter. At the moment that the ‘worst case’ scenario occurs, no matter how slim the chance is, those following the environmentalist’s motion of thought will be fine, whereas the fossil fuel industry will be completely unprepared.

Barack Obama has pushed for several climate change policies, such as clamping down on the coal industry in order to reduce emission levels. Whereas Mitt Romney has done almost everything he can to try and support the coal industry and gain their support.

Whilst there may be many that believe that Hurricane Sandy and the other extreme weather events that have afflicted the world in 2012 are NOT a result of climate change. If there is even the smallest chance that there might be a link, it is far safer, and cheaper, to err on the side of caution.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Mel Tisdale on November 06 2012 said:
    @John D

    In reply to John D, No, not in America and not for an instant, either. But in a genuinely Christian country, certainly it is possible to believe that the population will actually care about their children and grandchildren and those who will suffer the privations of global warming, instead of themselves, their jobs and their growth. Sadly, John D is not in the least unusual for an American.

    I am an atheist, but even if I were not, I could never bring myself to worship a God that would consider blessing for one moment a nation that doesn't give a damn about those less fortunate than themselves. (E.g. Bangladesh has a population of 150 million, many of whom will need a new home as the sea level rises.)

    One wonders just what this God is supposed to think about America when he, she or it is believed to have sacrificed his own son, Jesus Christ, in order to spread such notions as 'Do unto others ... etc!' only to be given the finger by so-called Christians, as so excellently evidenced by John D's comment.
  • John D on November 06 2012 said:
    Could anyone believe for even an instant that the American public or the politicians would choose global warming mitigation over jobs and growth?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News