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What's next for natural gas? Most likely, more weird volatility. As UNG continues to roll month to month, the front month will continue to get pounded down. The markets will not hit a true support on the bottom until traders know for sure how much storage the U.S. can actually handle. Whatever happens, this will be a volatile time for natural gas, as traders battle out prices amid uncertainty of true storage capacity. (See the video "The Truth About Solar Power...
...needs to be. China's powerful National Development and Reform Commission and the Development Research Center of the State Council sponsored a recent report suggesting that if it took a number of aggressive measures, China, now the world's largest greenhouse-gas polluter, could hit an emissions peak in 2030 and then begin winding down. But if global warming is to be reversed, more than emissions control will be needed. Just as essential will be the further, rapid development of clean energy. And if the Chinese decide that there's good money to be made in that...
Some economists worry that the clunker program borrowed sales from future months, so we'll soon be hit with an ugly payback. I think that the payback-factor predictions for this program have been greatly exaggerated. I would argue that hundreds of thousands of potential new car buyers actually postponed buying a car within the last year due to economic uncertainty, and some of them ended up buying within the last few weeks due to the CFC program. That is, it motivated people to buy who had not been planning to do so, which means there shouldn...
...predictable. But here's something that is: When it comes to a new strain of the flu like H1N1, which has already stoked global fears of a massive pandemic, there's almost certain to be some overreaction. That's what happened this week when the public was hit with a double-play of scary news: A new estimate showed that that up to 90,000 Americans could die of H1N1 in the upcoming season; and a simultaneous report that the government was taking some unprecedented steps to get a vaccine ready in time. But the fatality numbers are more complicated...
...PCAST also released projections of how severe the pandemic could get: up to 120 million people coughing, sneezing, feverish and otherwise sick with the symptoms of flu, 90,000 people potentially dead from the illness, and half to 100% of beds in intensive care units of hospitals in hard-hit regions filled with flu patients...