Citigroup

Oil markets, OPEC, enter the endgame for the Age of Oil

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

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Interesting quote (6)

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…

Interesting quote (6) Read More