Every week, Fracked Earth News collects the top energy and climate change headlines, including:
__Big Oil countries are struggling to achieve better oil prices. The “oil market currently remains oversupplied, above ground storage full, and Iran re-entering the global oil market.” IEA is “raising alarm bells about investment cuts,” rigs idled and 250,000 jobs lost while BP, Exxon Mobil, Chevron, Shell and Total plan “large spending cuts.” Will countries respond by encouraging renewables or providing more subsidies for Big Oil?
__Pretty wild story: PotashCorp of Saskatoon and Agrium of Calgary are buying Western Sahara phosphate from a Moroccan state-owned company. However, “No country officially recognizes Moroccan sovereignty over Western Sahara,” and there’re pesky international laws and prohibitions governing “mineral resource activities in Non-Self-Governing Territories.”
__Nevada has taken the low road, “levying the highest charges to date [on roof-top solar, and imposing] those charges on existing customers as well as new ones.” SolarCity’s had to abandon Nevada, laying off 1,000 workers. Warren Buffett owns the huge NV Energy electricity monopoly.