September 2009
5 posts
The end (or the beginning) of an era
With such long horizons as one finds in the oil industry, it is quite easy to get very giddy about finding new reserves. Watching the current glee in media regarding the discovery by BP, BG and Anadarko of potential oil in Tiber, Brazil and Sierra Leone, I am reminded of the perennial glee witnessed in last November’s U.S. Presidential election. It was widely believed that there was a new...
Hotelling in Brasilia.....not yet
I think it is interesting that Gregor MacDonald thinks that the Hotelling Rule is going to be applicable to Brazil quite simply because President Lula realizes the overall value of these reserves with respect to the overall oil market and the need to ensure reliable and consistent supplies.
I am not an economist but I see the problem in applying the Hotelling Rule to Brazil just so quickly. While...
all the descendents of Standard Oil company →
First Post
Let’s see how this Tumblr thing works……