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A British expatriate in the global oil and gas industry.
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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
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