Hurricane force wind gusts in Scotland. This was not as big or dramatic as the storm that battered the U.K. a year ago, and has not been well-publicized, but the type of damage done was pretty much the same. It suggests that this kind of extreme weather event may become fairly common in this region in mid-winter as a component of new climate conditions developing in the far north.
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Early victims of rising sea level. This is happening on the coast of Pakistan, where land is disappearing and people are being forced to scramble. This region is a little ahead of some others similarly situated because of advanced subsidence of the land. It provides a quick snapshot of what to look for soon on a much larger scale.
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A peek inside the Saudi mind? There are a number of theories floating around about why the price of oil has dropped so far, what will happen to all the different producers because of it, and how soon the price will come bouncing back, etc. This is by far the most fascinating observation that I have seen. Apparently, today’s Saudis believe that what Sheikh Yamani said in 2000 will hold true. If that view is really the one that is most correct, or more than just a hunch, we are in for an amazing era of revolutionary changes.
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Solar electricity to be at grid parity in most of the world by 2017? That is the view of a leading analyst at Deutsche Bank, even without the help of subsidies. Overall solar costs keep coming down, with lower financing costs now becoming an important factor. Utility rates, on the contrary, often rise and rarely decline, regardless of what happens to fuel costs.
Carl