THOSE COWBOYS ARE AT IT AGAIN
The sharp decline in the price of a barrel of oil last week was not the result of excess supply over demand. The world has been awash with oil for the last nine months. Consumption even in America has hit lows never seen in decades and the rest of the world has realized it too [...]
IN SURVIVAL MODE WHAT WORKS, GLOBALIZATION OR PROTECTIONISM?
It appears the only nations who think globalization will get us out of this economic mess are the United States, Great Britain and a few other nutty countries like New Zealand, Belgium and the Netherlands. China, India and Japan are the most protectionist industrial nations on earth, and are even becoming more so as the [...]
PRESIDENT OBAMA IS REINVENTING DIPLOMACY – IT’S NOW CALLED PANDERING
President Obama made it quite clear on the campaign trail, as President he would reach out to the foes of America in the hope building up dialogue may make a friend out of the enemy. Since becoming President I have come to the conclusion we have another Neville Chamberlain (Britain’s Prime Minister at the outbreak [...]
OIL PRICES IN FURTHER DECLINE
I would hate to be Mr Putin at the moment or even into the future. With many of his oligarch buddies’ lives in tatters after being previously huge oil speculators and now out of the market, the world (as I have always maintained anyway) is awash with oil and today’s prices are reflecting close to [...]
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