On July 27th Prince Alwaleed bin Talal publicly opened Pandora’s Box, by releasing an open letter to the Saudi Minister of Petroleum, Mr Ali Al-Naimi, voicing his concerns about the longer-term implications on the Saudi economy of the US shale gas boom. The concerns are both real and relevant – in fact it is something…
On June 20th it finally happened – the WTI contract flipped from having been in contango for the best part of 5 years, to flipping into backwardation in not only the first month, but along the curve. Let’s start by taking a step back and understand why the forward curve behave the way they do,…
Once upon a time… …smoking was healthy, …the sun circumvented Earth …cleanliness was unhealthy and Renewed US energy independence just wasn’t. But things change, and clearly so does policy. President Obama last week stated in his speech at Georgetown University, that climate change policy is far from something new, and makes some attempts to link…