Category Archives: Politics

Unearned Wealth

A recent post by Richard Murphy, a left-wing former accountant who acts as a mouthpiece on tax issues in the UK, says: We were all motivated by a concern for those in the poorest countries of the world who have … Continue reading

Posted in Oil & Gas, Politics | 3 Comments

Ze Breeteesh are ze best!

Not often you hear words like this from a Frenchman: French oil major Total has strongly criticised the European Union plans to regulate offshore oil and gas across its 27 member states. “We think that regulation is not the appropriate … Continue reading

Posted in Oil & Gas, Politics | 2 Comments

Macondo Aftermath Descends into Farce

This business with the BP oil spill is turning into a farce.  If ever there was a need for some sensible heads on the shoulders of adults to prevail then this is it, but alas the whole affair resembles a … Continue reading

Posted in Macondo, Oil & Gas, Politics | 7 Comments

The Dangers of a Weakened BP

As I said in this recent post, in theory BP should have more than enough cash to pay for the environmental cleanup and compensation claims resulting from the Macondo well disaster.  But as I went on to say in this … Continue reading

Posted in Macondo, Oil & Gas, Politics | 13 Comments

Barack Obama: taking America into the Third World

Recall, if you will, what I said a few days ago: Unless there is some other serious setback, such as both relief wells managing to snap their drill strings downhole or any other reason preventing their completion, the share price … Continue reading

Posted in Macondo, Oil & Gas, Politics | 6 Comments

BP’s Assets

I’ve just watched a CNN video of Barack Obama addressing a group of journalists about the federal government’s response to the Macondo oil spill, and he has reiterated that the government just does not have the assets that BP has … Continue reading

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Back Pedalling over BP

Further to this post we get an unsurprising admission: The Obama administration is facing a rising tide of anger against its handling of the Deepwater Horizon oil spill and acknowledged on Sunday that it did not have the technical capabilities … Continue reading

Posted in Macondo, Oil & Gas, Politics | 19 Comments

Macondo Failure Mechanisms Identified

We are still far from getting a clear idea of what exactly caused the well blowout on BP’s Macondo prospect, but the invesigation has managed to identify seven control mechanisms on which it will focus: The investigation team’s work thus … Continue reading

Posted in Macondo, Oil & Gas, Politics | 2 Comments

More Macondo Madness

Just when I was beginning to think the US government couldn’t get more stupid regarding the Macondo oil leak, we get this: Oil firm BP may be “pushed out of the way” if it fails to perform in the Gulf … Continue reading

Posted in Macondo, Oil & Gas, Politics | 3 Comments

Obama Talks Tough on Macondo Hearings

Although I was quite pleased to see Barack Obama win the US presidential election in 2008, him being the better candidate and my being of the opinion that it was hugely significant for the US to elect a black man … Continue reading

Posted in Macondo, Oil & Gas, Politics | 17 Comments