Energy Blast – Dec 7, 2009

The biggest climate meeting in history, with 15,000 participants from 192 nations, begins in Copenhagen [today]‘.  The Telegraph has an outline of what they are trying to achieve.  The UN’s Climate Chief has called for an ‘ambitious‘ set of commitments.  Saudi Arabia’s Oil Minister says that the current price of oil is ‘perfect’, and that there is no need to reduce inventories.  ‘[I]nvestors, consumers, producers — they’re all very happy,he said, ahead of this month’s OPEC meeting to discuss supply targets.  Chevron has signed a 20-year liquefied natural gas supply contract with Japan’s Tokyo Electric Power worth $82.5 billion.  How global warming is affecting reindeer migration in Russia’s Yamal peninsula.  Are Russia and Armenia going to build the latter a nuclear power station?