In a nutshell, Republican presidential candidate Mit Romney has received a serious campaign lashing over his corporate, American-job-outsourcing past, and his response to that is to take the Obama administration to task over electric cars. The two issues are only very loosely related in terms of jobs, but in a campaign season one is forced…
International oil companies from the likes of Exxon Mobil and India's ONGC Videsh are among the majors setting their sights on an October deadline to submit bids to the Afghan government for oil and natural gas blocks in the country's north. Last year, regional powerhouse China National Petroleum Co. won a tender for contracts in…
A few days ago, I showed the close relationship between growth in world oil consumption and growth in world GDP. In this post, I will extend that analysis by building a model that shows how much of an increase in world oil supply is need for a given increase in world GDP. This model indicates…
Carpe Diem, Reuters, FTalphaville, and WhaleOil are among those calling attention to a new paper by Leonardo Maugeri, senior manager for the Italian oil company Eni, and Senior Fellow at Harvard University, which concluded:Contrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption.…
In the 1970’s everyone thought that the earth was cooling; then they started to claim that it was warming up. Nowadays there are people on both sides of that argument, and we have settled on the name climate change to cover both theories.Generally the consensus is that the planet is warming up, and so governments…
While the 17-nation Eurozone struggles with the introduction of its permanent €500 billion financial security mechanism, Britain itself, apart from their 2008 bail-out packages, has so far initiated more than €661 billion in monetary easing and other sterling financial incentives. Some of the Eurozone national parliaments keep refusing the implementation of the €500 billion bailout…