For many in America, BP has been public enemy number one since the Deepwater disaster started on April 20th.
It’s not only the disaster itself, but the way BP has handled itself before and since then that has added to the palatable anger.
The failure by the company to stop the spill, the public gaffes by its [...]

Continuing our African focus over the last couple of days, let’s turn to Somalia.
I spent some six months in the country over twenty years ago and even then the American oil company Amoco was busy exploring for oil in the North of the country and in the Gulf of Aden.
The reasoning being simple – the [...]

When the Nobel Peace Prize committee decided earlier this year to award the prize to President Obama, they could not have envisaged that it would be in the same month as he sent 30,000 more troops to war.
Giving the peace prize to the Commander in Chief of American forces involved in two brutal and bloody [...]

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 markets.
In response to the story, gold is now trading at record levels and the dollar is [...]

The dollar is sliding on the currency markets this morning after reports by the Independent newspaper that Arab states are in secret talks with China, Russia and France to stop using the US currency for oil trading.
The move – if it happens – would be the most profound financial change in recent Middle East history, [...]