Search results

De-dollarisation of Oil Market by 2018

Sometimes a story grows legs, other times it hits the dust. But yesterday’s front page story in the Independent about negotiations to end oil trading in dollars seems to have hit a raw nerve and sent shock-waves through the currency...

Uganda: Africa’s “New Oil Frontier”

We are used to talking about the oil majors like Shell being in the spotlight over African oil exploration. But a smaller player is making the headlines, with a soaring share price and two African discoveries in a week: one...

Money for Nothing, and your Climate for Free

According to a leaked letter, the Obama Administration is set to propose ending fossil fuel subsidies next week at the Pittsburgh G20. The letter, authored by Michael Froman who is an Obama advisor on international economic affairs, calls on the...

Canada: The Climate Change Bully

Timed with perfection to undermine the meeting between Canada’s Premier Stephen Harper and Barack Obama, Greenpeace has issued a new report labelling Canada as a “climate change bully” that is doing everything in its power to undermine a new agreement...

Chinese in $2 Billion Tar Sands Deal

To paraphrase the great writer Samuel Langhorne Clemens, better known as Mark Twain: “Rumors of my death have been greatly exaggerated!" And so it is with the tar sands, one of the hottest debates in the energy industry. Its growing...

“British companies are killing us”

On Wednesday, the fourth Annual climate camp will happen at an undisclosed location in London, building on previous year’s success at Drax, Kingsnorth and Heathrow. With just months to go to the crucial Copenhagen Climate Summit in December, the intention...

Clinton’s African Scramble

First it was President Obama who delighted his audience when he undertook a whistle-stop tour. Now Secretary of State Hillary Clinton is embarking on a seven-country tour of Africa.  Why is she going? It couldn’t be so crude to be...

A Nuclear-Tainted and Oil-Soaked Renewable Energy Agency?

So the United Arab Emirates has won the race to host the new International Renewable Energy Agency (IRENA) beating off competition from Bonn and Vienna. Never mind that the UAE has the highest per capita carbon footprint in the world,...

The First of Peter’s Problems: Nigeria

When Peter Voser takes control at Shell next week from his predecessor Jeroen van der Veer, he will have a bursting in-tray that includes one persistent problem for Shell: Nigeria. Here the oil giant faces a myriad of problems including...

The “mother of all sell-outs”

UPDATE 6/24: The Wall St. Journal has an interesting article on this. Way back in November 2002, as the build up to the war in Iraq gathered pace, then British Prime Minister Tony Blair appeared on the Arabic Service of...