I'm grateful to the commenter John who guided me toward this link for the report sponsored by the Swedish Ministry of Defence on energy security and the North European Gas Pipeline, otherwise known as Nord Stream.  I was a little too hasty and did not see the link in the New York Times story.  One reason I may have missed this one is that it was published in back in 2006 - meaning we would certainly have to add to the quoted number of times (55) that Russia has cut energy supplies to apply political pressure.  At any rate, here is the section from the paper that details the methodology of coercive energy policy.

Russia's Coercive Energy Policy in Aggregated Terms

If these cases are penetrated and put in a wider context, a pattern emerges, namely that the energy lever can

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Two Big Reasons to Dump your Oil Refinery

Tony Daltorio, The Investment U Research Team

Quite simply, this is not a good time to be in the business of refining oil in the United States.

The obvious reason for this is the continuing recession which has led to lower demand for gasoline and other refined products. With the summer driving season past the halfway point, having the word ’staycation’ become commonplace is not good news for the refiners.

But that’s not all. And it goes well beyond simple economic downturn.

There are other factors at work. And unfortunately, many have escaped the notice of many investors and much of Wall Street.

While everyone was focused on the sharp rise recently of the price of WTI crude oil, other things have been conspiring against domestic refiners of all sorts. Here’s what you need

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When oil prices moved to over $30 a barrel in the mid 1980s, it was considered a significant event. It also signaled the birth of small ethanol companies in the Midwest. Many of them managed to hang around long enough to get a second wind when Iraq’s invasion of Kuwait and the ensuing Gulf War pushed oil prices past $40.

But the renewed interest in ethanol proved to be short-lived, as oil retreated below $20 a barrel just four months later. As a result, many of those smaller ethanol companies couldn’t survive as profitable alternative energy investments.

Flash forward to today, where we’ve seen crude oil prices double in just the past four months. Worldwide oil demand has soared, particularly from fast-growing countries like China and India, and although the global downturn has seen the pace of demand slow, when the global economy gets back on track, it should prove even more bullish

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Alternative Energy Investments: Three Scenarios For Clean Energy

by Jim Stanton, Contributing Editor, Sector Watch

When oil prices moved to over $30 a barrel in the mid 1980s, it was considered a significant event.

It also signaled the birth of small ethanol companies in the Midwest. Many of them managed to hang around long enough to get a second wind when Iraq’s invasion of Kuwait and the ensuing Gulf War pushed oil prices past $40.

But the renewed interest in ethanol proved to be short-lived, as oil retreated below $20 a barrel just four months later. As a result, many of those smaller ethanol companies couldn’t survive as profitable alternative energy investments.

Flash forward to today, where we’ve seen crude oil prices double in just the past four months. Worldwide oil demand has soared, particularly from fast-growing countries like China and India, and although the global downturn has seen the pace of

...

When oil prices moved over $30 a barrel in the mid 1980s, it was considered a significant event.  It also signaled the birth of small ethanol companies in the Midwest. Many of them managed to hang around long enough to get a second wind when Iraq’s invasion of Kuwait and the ensuing Gulf War pushed oil prices pushed past $40.

But the renewed interest in ethanol proved to be short-lived, as oil retreated back below $20 a barrel just four months later. As a result, many of those smaller ethanol companies within the alternative energy market couldn’t survive.

Flash forward to today, where we’ve seen crude oil prices double in just the past four months. Worldwide oil demand has soared, particularly from fast-growing countries like China and India, and although the global downturn has seen the pace of demand slow, the global economy gets back on track, it should prove even more

...

The vice-president of the State Oil Co. of Azerbaijan has said that European energy firms must forget their rivalries if they wish to prevent Gazprom from buying up excess natural gas from the western Caspian area.  President Obama hopes to 'work closely with Azerbaijan' and has pledged to boost cooperation in the Caspian region, as Washington seeks a 'southern energy corridor' to Europe that bypasses Russia.  Gas supplies from Poland to Russia have been reestablished after a deal was made between Poland's PGNiG and Gazprom's trading unit.  The CEO of Gazprom has stated that even if Ukraine fails to pay its bills the company will continue to supply gas.  TNK-BP has apparently started commercial development of the northern block of the Kamennoye oil field, which should significantly increase Russia's oil production.  Putin is expected to push ...

Can you believe it’s already June? What a month May was for commodities. They are Lazarus, come from the dead to tell us all that the world will not stop turning if there is a financial crisis in the West. Or something like that.

If we’re using numbers instead of metaphors, we’d say the CRB Reuters/Jeffries Index had its biggest monthly rally in 34 years. It was up 14% on the month. That was the best performance since July of 1974.

A monthly performance like that can only mean one thing. We’re just not sure what one thing it is. It could mean commodities have rebounded from being oversold, as they were in late 2008. It could mean that markets are less pessimistic about the global economy than your editor at the Old Hat Factory (though we doubt that).

It could also mean that investors increasingly prefer tangible assets as a long-term growth

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FTSEurofirst 300 up 1.1 pct on the day, up 13 pct on week… Index lost 7 pct in Nov, ninth month of losses in 2008… Cyclicals hammered; defensive pharmas surge

European stocks ended higher on Friday, as buoyant pharmaceutical shares eclipsed a drop in cyclical mining and industrial sectors hit by renewed economic fears, while energy shares tumbled along with oil.

The FTSEurofirst 300 index of top European shares closed 1.1 percent higher at 862.07 points.

Although it gained 13 percent during the week, the index dropped 7 percent in November, recording a ninth month of losses in what has been a torrid 2008 for equities worldwide.

Pharma stocks made strong gains on Friday, with GlaxoSmithKline up 5.1 percent and Sanofi-Aventis up 4.5 percent. Novartis , whose CEO said the company could increase its dividend and also resume share buybacks

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Officials of India’s nuclear energy program have expressed the desire to do business with General Electric and other U.S. energy firms. It will fall upon Congress to give American companies the thumbs-up to sell uranium and nuclear technology to India. President Bush and the Indian Prime Minister met in Washington on Thursday, both hoping to see an agreement on the issue reached. Some Americans are skeptical despite the obvious economic benefits, citing India’s past failure to sign a global treaty against the proliferation of nuclear weapons. Indian officials are confident that if the U.S. will not play ball, it will get its uranium elsewhere. The country has already signed trade agreements with both France and Russia.

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