By Ben Geman - 07/13/11 11:06 AM EDT
The Wall Street Journal reports that the International Energy Agency on Wednesday rebutted attacks on the recent decision to release 60 million barrels of oil from emergency stocks (including 30 million from U.S. reserves).
The paper reports:
The IEA, which represents major energy consuming countries, hit back at some analysts' "blinkered focus" on the price of oil, which has rebounded above its level prior to the stock release. More important is that the market is now more flexible and the price of light sweet crude, relative to heavier grades, has fallen after increasing sharply following the outbreak of the Libyan civil war, it said.
Hill alum Jim Snyder, now with Bloomberg, unwraps the billionaire smackdown between T. Boone Pickens and the Koch brothers over natural-gas subsidies.
Time magazine unwraps a new study that attempts to solve the thorny problem of defining and tallying “green jobs.”
The Philadelphia Inquirer looks at an energy company’s (mis)adventure in the children’s book world. They report:
“When the folks at Talisman Energy dreamed up a children's coloring book about a dinosaur explaining the origins of natural gas, they had no idea that the ‘friendly fracosaurus’ would become a casualty in the anti-fracking cultural wars.”
Reuters reports that climate change is threatening a form of seaweed that’s vital to marine life.
A New York Times column makes the case that politicians are on thin ice when they attack the scientific consensus on climate change.