Helping you navigate the new normal
2 major events shocked oil markets last week. They marked the start of (a) the endgame for the Age of Oil and (b) the paradigm shift to the Circular Economy and the new Age of Energy Abundance. The new ‘Net Zero by 2050’ report from the International Energy Agency (IEA) was the first shock: It
The post Oil markets, OPEC, enter the endgame for the Age of Oil appeared first on Chemicals and the Economy.
“Those who cannot remember the past are condemned to repeat it“. George Santayana 9 months ago, it must have seemed such a good idea. Ed Morse of Citi and other oil market analysts were calling the hedge funds with a sure-fire winning strategy, as the Wall Street Journal reported in May: “Dozens of hedge-fund managers […]
Nobody ever bothers to deny something that is plainly impossible.
So when CEOs of a major bank deny something, the blog always worries.
The ‘Interesting quote’ series began in August 2007, when the blog noted Chuck Prince (then CEO of Citgroup) as sa…