DreamHost

TARGET: Save with the Red Card!

Subscribe

Enter your email address:

Delivered by FeedBurner

Green Apps

ITUNES TV AND MOVIES

Categories

Burpee Gardening

Whole House Water Filter

PINGO

Soft Phone Banner

RE USE IT!

ReUseIt.com

Natural Mosquito Control

10% Off Mosquito Magnet Accessories - Use Code MMACCTEN

FTC Disclosure

Green Reflection may receive remuneration from the advertisers on this site.

Saudi Prince’s Elevation Will Have Far-Reaching Consequences in Energy

Supporters say the 31-year-old prince will bring youthful energy and a fresh eye to the kingdom’s most valuable export, using it to help modernize and diversify the economy. Detractors, however, charge that he is inexperienced and prone to meddling, undermining experienced officials and making sudden public pronouncements.Continue reading the main story“The problem is he is unpredictable, and it is not clear who he is relying on for advice,” said Paul Stevens, a Middle East energy analyst at Chatham House, a research organization based in London.Here’s how Prince Mohammed’s rise may affect oil prices, global energy production and the sale of shares in Saudi Aramco:The prospect of falling pricesOil prices are around $45 a barrel, continued their slide after the news of Prince Mohammed’s promotion.That is down 20 percent since mid-April, and well off the levels in 2014 above $100 a barrel.The main reason for the decline in prices, though, is that OPEC’s much-trumpeted production cuts seem to be having little impact on the persistent glut of oil for sale.The higher prices resulting from OPEC cuts have prompted increased production from shale oil producers in the United States and by other rivals, undercutting the cartel’s actions.Oil Prices: What to Make of the VolatilityOver the last two and a half years, the oil industry experienced its deepest downturn since at least the 1990s.Flip-flopping Saudi energy pricesPrince Mohammed appears to have gone back and forth on oil strategy.He initially declared that prices did not matter. But when they fell to uncomfortable levels early last year, he backed production cuts by OPEC and other producers, like Russia, as a way to prop up prices.The Saudis and OPEC may now be headed for another crunch, and there do not seem to be any good options.Newsletter Sign UpContinue reading the main storyThank you for subscribing.An error has occurred. Please try again later.You are already subscribed to this email.View all New York Times newsletters.Analysts say the most likely path is for the Saudis to persist with, or even deepen, production cuts to bolster prices and improve the environment for the Saudi Aramco I.P.O.“We should be prepared for Saudi Arabia to do whatever it takes to keep the prices above” $50 a barrel, FGE, an energy consultancy, wrote in a note to clients on Wednesday […]

Secrets of the Kingdom: Saudi Royal Family Is Still Spending in an Age of Austerity

NYT

Read the original: Secrets of the Kingdom: Saudi Royal Family Is Still Spending in an Age of Austerity

World’s Largest Oil Producer Gets Hacked

Saudi Aramco, the world’s biggest oil-producing company, fell victim to a coordinated cyber attack. […]

5 Anti-Environment Directives in the GOP’s New Platform

The Republican Party approved its 2012 platform at the national convention in Tampa today, and, predictably, it includes some decidedly anti-environmental directives. […]

Campaign Launched to Boost Dismal School Lunches

Earth Day Network is kicking off its National School Lunch Week campaign to help schools serve healthy and sustainable food. […]

Solar Microgrid in a Box is Only 3 Feet Wide

The Forty2 device combines solar energy generation, battery storage, power inversion and an efficiency monitor all in one box-sized unit. […]

Smart Filter Technology Uses Gravity, Not Chemicals, to Clean Up Oil Spills

Researchers developed a specialized coating that repels oil but attracts water allowing the filter to easily strain the oil out of water. […]