De-industrialization in Europe is slow, painful but relentless. The main reason for this remains in the excessive cost of energy that destroys competitiveness. Why does this happen when there is plenty of spare capacity, diversification of supply and renewables are supposed to reduce the impact of high oil price and gas? Continue reading The disastrous effect of subsidies in a few charts
Category Archives: On the cover
CO2 collapses to all-time low
Is CO2 dead? This is something I have been warning for a few years now. The evidence is overwhelming. Flawed concept, massive oversupply of permits and politicians optimistic predictions. Great combination. Continue reading CO2 collapses to all-time low
Commodities Weekly
Outperformance of WTI vs. Brent continued this week as the spread between the two benchmarks narrowed further to $15.5/bbl.
The WTI benchmark is receiving support from the start-up of the expanded Seaway pipeline, with the market factoring in this recent expansion in takeaway capacity (150 thousand b/d to 400 thousand b/d) as a precursor for a reduction of surplus crude oil inventories at Cushing over the coming weeks. It is important to note however, that in the meantime crude stocks continue to climb to new record highs.
Front Row: Happy Days
Front Row represents the personal view of Rodrigo Rodriguez, European Head of developed cash trading for Credit Suisse.
I know some of you might be disappointed that FR is back and that this week Back Row team will take some deserved rest, however to give credit to everyone both are always a combined effort.
Unfortunately for me I think the team made a terrific effort last week, and standard is quite high now. (All that said half of the ideas were mineJ) Continue reading Front Row: Happy Days