Heh…Hope and Change …
Archive | 8:30 pm
Eurocrash: “no German money for bankrupt states”
2 AugThe Germans are getting ready to pull the pin….
This lead item in a popular tabloid illustrates once again the deteriorating sentiment in Germany, where the euro has completely lost its shine.
Bild also notes that Italy and Spain will need €1 trillion new money to cover ongoing costs up to 2014, and will have to sell government bonds to cover the debt. But, it says, ordinary investors like banks and insurance companies no longer trust the paper – hence the pressure for the ECB to step in.
But Germany would have to cover 27 percent of the debt, and CSU general secretary, Alexander Dobrindt is recruited to say that if the ECB provides the money, it threatens the 70-year inflation record.
Odds that Germany leaves the Euro before Greece…?
EU Referendum
Melting Meltdown
2 AugOops…
Greenland’s ice sheets ‘less vulnerable than feared’
Apparently Greenland has “unprecedented” melts … ALL THE TIME…
Greenland’s ice seems less vulnerable than feared to a runaway melt that would drive up world sea levels, according to a study showing that a surge of ice loss had petered out.
‘It is too early to proclaim the ‘ice sheet’s future doom’ caused by climate change’, lead author Kurt Kjaer of the University of Copenhagen wrote in a statement of the findings in the journal Science.
Meanwhile – Back in Greenland the “melting” goes on – unabated…
Daily Mail, Watts Up With That
No Pipeline? No Problem..
2 AugSo if Chisty Clark and the Indians are worried about leaky pipelines…
They’ll be thrilled about “oil trains”
…the lack of pipeline infrastructure in North Dakota, British supermajor BP announced it was considering rail to bring oil from the Bakken formation there to its refinery in Washington state. In terms of the environmental footprint, meanwhile, rail deliveries account for less than 1 percent of the total emissions from the transportation sector. These findings come even though rail shipments are three times more expensive than pipeline deliveries
One way or another we’ll sell our oil …
Zero Hedge
