Copenhagen: Watch Out for the Small Print

November 27, 2009By Andy RowellBlog Post

You are going to start having to be a skilled mathematician and serious spinwatcher to wade through the political commitments being made before Copenhagen. Take China’s announcement –which is being hailed as significant as it is the country’s first ever carbon reduction commitment. The country’s Cabinet has pledged to reduce CO2 per unit of gross … Read More

Shell to Fight Chinese in Nigeria

October 30, 2009By Andy RowellBlog Post

Shell is facing the humiliation of having to reduce its workforce by 5000 as part of a radical cost-cutting drive due to the falling oil price. As the oil giant’s profits had plummeted an amazing 73 per cent, Peter Voser, the chief executive, said “the outlook remains very uncertain, and we are not expecting a … Read More

De-dollarisation of Oil Market by 2018

October 7, 2009By Andy RowellBlog Post

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 … Read More

Oil Traders to Ditch the Dollar…

October 6, 2009By Andy RowellBlog Post 12 Comments

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 … Read More

Nigeria: MEND Dismiss Chinese Oil Bidders as “Locusts”

September 30, 2009By Andy RowellBlog Post

Yesterday, the Financial Times rocked the oil world with a story about how the Chinese state-owned oil company, CNOC, was in talks with the Nigerian Government to buy large stakes in some of the country’s key oil blocks. The story was so compelling, because if it is accurate, it puts the Chinese in direct competition … Read More

Obama: Global Leader or World Leader Pretend?

September 23, 2009By Andy RowellBlog Post

Many American Presidents find their terms in office defined by one event: if we think of Nixon it was Watergate, Clinton it was the Monica Lewinsky affair and George Bush it was the war in Iraq. Whilst many Americans may think that Obama’s Presidency will be defined on whether he succeeds in reforming health care … Read More

Obama Attacked Over “Ambition Gap” on Climate

September 21, 2009By Andy RowellBlog Post

There is a first time for everything. Tomorrow the world’s attention will be on the Chinese President Hu Jintao when he becomes the first top Chinese leader to address a United Nations conference on climate change. Whilst many will see this as a positive step, there is no indication that Hu will announce any change … Read More

Chinese in $2 Billion Tar Sands Deal

September 4, 2009By Andy RowellBlog Post 2 Comments

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 army of critics argue this highly polluting technology will help tip the world towards climatic … Read More