Rebound over the last few months could simply encourage US firms to restart production, while undermining any pick up in demand, wrote Julian Jessop, head of commodities research at Capital Economics in a recent report. Think that prices are now more likely to fall than to rise over the remainder of the year. Continental Resources CEO Harold Hamm told investors last week that his company would start sending more rigs out to the field if oil gets near $70 a barrel..
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California has enacted the toughest greenhouse gas emissions standards in North America.”We have a very powerful opposition that, at least in my country, spends billions on trying to keep from office people such as yourselves and elect troglodytes and other deniers of the obvious science,” said Brown, a former Jesuit seminarian.New York City Mayor Bill de Blasio announced new greenhouse gas emissions targets for the Big Apple committing the city to reducing its emissions 40 percent by 2030 and urged other cities to follow suit.”The Paris summit is just months away,” de Blasio said. “We need to see it as the finish line of a sprint, and take every local action we can in the coming months to maximize the chance that our national governments will act boldly.”De Blasio is a founding member of an alliance of world cities that have committed to reducing emissions by 80 percent by 2050 or sooner.San Francisco Mayor Edwin Lee announced new measures of his own, saying the city that takes its name from the pope nature loving namesake, St. Francis of Assisi, would transition its municipal fleet of fire trucks, buses and trucks from petroleum diesel to renewable energy sources by the end of the year.Stockholm Mayor Karin Wanngard said the Paris climate talks in December must take fossil fuels off the table and focus instead on renewable energy sources.”Climate negotiators must dare to push boundaries and exclude fossil fuels as an option and reward solutions that are long term sustainable and renewable,” she said.Stockholm is one of the world leaders in using renewable energy sources, with 75 percent of the http://www.nflchinacheapjerseys.com/ city public transport network running on renewable energy.