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Posts on ‘September 12th, 2015’

Analysts predict oil price plunge: Oversupply could drive Brent Crude to $20, warns Goldman Sachs

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Screen Shot 2015-08-04 at 23.09.34By LAURA CHESTERS FOR THE DAILY MAIL: 11 September 2015

The price of oil could fall as low as $20, Goldman Sachs warned last night.

As fears about China’s growth continued, the Wall Street giant’s stark analysis of the global crude market pummelled prices again yesterday.

The price of Brent Crude fell more than 2 per cent after analysts at Goldman and Commerzbank slashed their forecasts. Oil has more than halved since last summer as supply increased due to the surging production of the US shale industry. read more

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Burning remaining fossil fuel could cause 60-meter sea level rise

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September 11, 2015

New work from an international team including Carnegie’s Ken Caldeira demonstrates that the planet’s remaining fossil fuel resources would be sufficient to melt nearly all of Antarctica if burned, leading to a 50- or 60-meter (160 to 200 foot) rise in sea level. Because so many major cities are at or near sea level, this would put many highly populated areas where more than a billion people live under water, including New York City and Washington, DC. It is published in Science Advances. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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