To borrow the words of Christof Ruehl, Group Chief Economist and Vice President of BP, this time around the multinational oil supermajor aimed to “shake-up the crystal ball” by recalibrating some of its old formulas in the bid to provide a fresh outlook on the way global energy markets will evolve. In this post Casing Point explores to what results this recalibration leads and what is in store for us in the world of energy; at the end should we anticipate major shifts or expect much of...
... by OPEC and now Russia cannot be easily spend by the actual producers, as their economies are not well developed to use the vast inflows of liquidity without inflationary repercussions. As a result, this huge liquidity is invested back into the large developed economies that also tend to be the actual consumers of oil. It is an incredible carrousel or a resource curse, except people that fall of it, are real and sometimes an entire nations can come off the horse. I am particularly interested in how ...
Euro-Russian relations have strained over the recent years in energy matters as certain vested interests shifted perceptions into the realm of what I would express as logical fallacies – technically making sense to a degree, but only when numerous caveats are applied. In this post issues like energy weaponry (enormous logical fallacy in my opinion), market reforms, looming contract litigation, energy security, shale revolution and domestic challenges will be discussed. In this post I am joined...
Dr. Adrian Pabst is a political theorist and a theologian. He is a lecturer in politics at the University of Kent and a visiting professor at the Institut d’Etudes Politiques de Lille (Sciences Po). His research concerns capitalism, religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor of the journal TELOS and Fellow of the Centre of Theology and Philosophy. In 2012 Dr. Pabst was appointed a Trustee of the independent non-partisan...
Internet like Steam Engine, is a Technological Breakthrough that Changed the World
Peter Singer
Up to recently, I was sceptical about Singer's quote. As my economic background reminded me that the light bulb was more revolutionary for growth, and as I am quite a social person, I avoided too much online interaction; but my (belated) discovery of Twitter altered my views. I was never going to tweet about futile things like 'how good was my sandwich', but rather form it into...
... Energy Research Institute RAS, for presenting this report in 2012 at the HSE.
Report’s Online Link (Eng): www.eriras.ru/files/Outlook_2012_eng_light.pdf
Findings and Conclusions
- Demand Carousel turns towards the Developing States:
In developed economies demand is expected to stagnate. In Europe, perceptions about gas demand have changed drastically over the last 4 to 5 years, in fact, if weather is isolated from the equation, then gas consumption has not increased in the last decade....
The 3rd International Conference coincided with a fairly damp economic climate and unstable political atmosphere across many energy exporting states, thus in all building up naturally not overly optimistic mood. However, in respect to the Russia situation it was far from bleak as instability was actually playing into its favour. Iran’s expulsion from the global political and economic landscape, clashes across Syria and Libya and Iraq’s failure to restart sizeable production – all...