Tag Archives: rosneft

Blowout week 154

This week we kick off with the controversial appointment of Scott Pruitt to head the US Environment Protection Agency. Else where in the news non-OPEC exporters agree to cut production by 500,000 bpd; Glencore and Qatar buys a stake in Rosneft; Shell moves into Iran; National Grid sells a majority stake in the UK gas transmission system and 9 Yak herders are killed by an avalanche in Tibet to join the lengthening list of those killed by climate change. Continue reading

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Blowout week 41

Are lower oil prices a good thing? The answer depends on who you are. If you are a consumer the answer is clearly yes (or is it?). If you are one of the new global dictators planning the world economy from the IMF or World Bank then you too will be pleased since lower oil prices should help stimulate global growth. But if you are an oil producer with expensive production then the answer is probably no since lower oil prices may herald losses, decreased investment and lower future supply. Continue reading

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Blowout week 22 – abridged and late

Let us imagine that in 3030BC the total possessions of the people of Egypt filled one cubic metre. Let us propose that these possessions grew by 4.5% a year. How big would that stash have been by the Battle of Actium in 30BC? Continue reading

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