The Oil Card with Jim Norman

 “Energy costs are 40 or 50 percent of the cost of manufacturing in the United States.” ~Jim Norman                                                                                                                         By Catherine Austin Fitts

The power politics of energy are in the air.

A high oil price checkmates China but puts money in Putin’s coffers. Fracking has repositioned America’s industrial base –- but not without controversy and concern about precious water supplies. Will Europe follow suit? Increased domestic supplies in North America and Europe will shift oil diplomacy in the Middle East.

Adoption of renewable energy is growing. The campaign is on in the U.S. to persuade university endowments to divest the securities of fossil fuel companies. In the face of growing concern about Fukishima, numerous countries have moved to phase out or reduce their reliance on nuclear energy.

To add to the uncertainty, the possibilities of breakthrough energy technologies continue to be considered.

This Thursday, veteran reporter and author Jim Norman will help us make sense of the shifting landscape and numerous controversies in the world of energy.

Jim is a veteran business journalist and energy reporter. He currently writes for McGraw-Hill’s Platts Oilgram News, has been a senior editor at Forbes and was the Houston bureau chief for BusinessWeek. Jim has authored my favorite book on the energy markets, The Oil Card.

In Money & Markets this week, I’ll discuss the latest trends in financial and commodities markets.

In Let’s Go to the Movies, I will review two documentaries that address the financial coup d’etat and bailouts:

  • Hank: Five Years From the Brink, which documents Secretary of the Treasury Hank Paulson’s story of the Bush Administration bailouts; and
  • The Warning, a PBS documentary about the efforts of Brooksley Born (as Chairman of the Commodities Future Trading Commission) to regulate derivatives during the Clinton Administration.

 

Talk to you Thursday!