Miscellaneous Updates

I said "No BRICs, No Deal", assuming the BRICs would be a proxy for the rest of the developing world. But now the wheels really seem to be coming off - major developed countries are pulling back from global warming policy initiatives. We've already seen the Aussies bow out. Now, Canada is out with news that it ain't agreeing to anything until the Big Dog jumps first. And in what could be nothing or could be a sign that climate change policy is indeed dead or dying, the Brazilians, all of a sudden, feel confident enough to up the ante on their $175 billion dollar investment in hydrocarbons.

In other news, remember I waxed conspiratorial that it would be an easy and perhaps logical gambit against Iran's threats to ramp up the storage of oil on supertankers. Such tankers, sitting quietly far from the Gulf with tens of millions of barrels of oil or gasoline would be quiet useful if Iran found itself bombed and wanted to lash out in the Gulf. Well, hmmmmm...