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long emergency Archive
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Oil: from Perpetual Backwardation into Contango - by frog
It’s finally happened. And only a few hours after my post about tomorrow’s Treasury BEFU announcement. For the first time in history, al oil futures are higher priced than the present price. Backwardation is when prices in the future are lower than in the present. Contango is the reverse, where future prices are higher than [...] read moreMay 21, 2008 7:01 pm - 7 Comments -
Climate change could force 1 billion from their homes by 2050 - by frog
There were calls yesterday by the UNHCR, the United Nations High Commissioner for Refugees, for a proper global consensus on the status of people forced from their homes and countries because of climate change. Under the Geneva convention, refugees are defined as people escaping persecution by the state but there is no mention of climate [...] read moreMay 1, 2008 12:51 pm - 13 Comments
