Sourcing & Trading Intelligence for Global Metals Markets
Continued from Part Two. For the US to become self-sufficient in energy would have significant benefits on a number of levels. The balance of payment would be significantly improved as the US gradually spent less money buying oil from Canada, Nigeria, Venezuela, Mexico and Saudi Arabia – its current top five suppliers. It may not [...]
{ 1 comment }
Continued from Part One. The NY Times agrees, quoting Rex W. Tillerson, the chairman and chief executive of Exxon Mobil at a recent conference where he said, “The transformation unfolding in North America represents a potentially decisive shift in the history of energy.” The article explores the potential for North America to be self sufficient in hydrocarbons [...]
{ 1 comment }
It’s not entirely a serious proposition — yet. But the point is the global market for hydrocarbons is undergoing a fundamental change, and whether you are a major energy consumer or not, the impact will be felt throughout the manufacturing landscape. In the short term, it is difficult to see how prices can go any [...]
{ 0 comments }
Resource nationalism is alive and well, as two developments on opposite sides of the world this week have shown. In one, Argentina’s increasingly maverick president, Cristina Fernández, announced on TV that Argentina is to renationalize YPF, its biggest oil company, ousting the Spanish group Repsol as majority shareholder. Seize Him! The seizure of YPF would [...]
{ 1 comment }
Continued from Part One. The environment for the offshore oil industry is clearly a challenging one in the wake of BP’s Macondo spill in April 2010. Regulators are understandably sensitive and watchful; one wouldn’t have it otherwise if anything is to be salvaged from the loss of life and environmental damage that resulted from Deepwater [...]
{ 1 comment }
The investigation being launched by Eduardo Santos de Oliveira, federal prosecutor for Campos, a Brazilian city to the northeast of Rio de Janeiro, into last November’s oil leaks from Chevron’s Frade field in the Campos basin, is — on the face of it — a worthy and prudent review of the safety procedures operated by country’s [...]
{ 0 comments }
Continued from Part One. Across Europe, figures understandably vary. Whereas Germany and France’s jobless rates held steady at 5.7 percent and 10 percent, respectively, Spain’s hit 23.6 percent in February, up from 23.3 percent in January and Greece’s was at 21 percent in December — since then, the authorities have been unable or unwilling to [...]
{ 0 comments }
© 2012 MetalMiner All rights reserved. | privacy policy | terms of service
Website by: GroundUp Media
