Keep the Volume Down Normally, this is a rant to my son as he hammers away on his drum kit. But it is a sentiment being echoed throughout the US oil industry to global producers who have so far at least, no intention to keep the volume down – of oil production of course. It’s the basic rule of economics. If it costs you $50 to make, but you can only sell it for $30, you aren’t going to be in [...]
Oil Prices Rise Yes, today’s blog has it all. Oscars, Oil Prices and environmental news. As the red carpet is rolled up for another year, the tinsel town must be quite pleased that it managed to navigate through the racial diversity row…for now. Chris Rock joked, “You realize if they nominated hosts, I wouldn’t even get this job! You’d all be watching Neil Patrick Harris right now.” If race wasn’t the main topic last night, then the environment was. After five previous nominations, [...]
CA Grid Change Coming? Warren Buffett is a shrewd investor unafraid to tackle some of the largest corporations to improve stakeholder value, but one of his latest drives has the potential to help millions of energy consumers too. To understand what is going on, we have to go back in time to the end of 1999 when, soon after the champagne corks had stopped popping for the millennium, things weren’t going so well for the CA grid and power security. Back [...]
Oil Oil Everywhere Oil, oil everywhere – prices are down again today as inventories rise. The black blood which runs through the veins of the world’s economies has dominated the news every day for the 20 plus years I have been in energy. It is either too low, too high, running out or in endless supply, and with each forecast and projection, the price responds. I have seen staggering lows of under $10 a barrel and highs of over $135 a [...]
Warhol said “I’m not afraid to die; I just don’t want to be there when it happens” Andy Warhol, the American artist who was a leading figure in the visual art movement known as pop art, died on this day in 1987. His works of art have been described by the Economist as a bellwether for the state of the art market, with one of his paintings “Silver Car Crash” (1963) selling for $105m. For commercial organizations, the bellwethers are oil [...]
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