Here are my highlights of the first day of the Oil & Money Conference 2012:
“There is no shortage of oil anywhere. OPEC has strong spare capacity. The market is very well supplied” Abdalla Salem El-Badri Continue reading Feedback from Oil & Money 2012
(Global Cost Structure in $/bbl chart above).
“We are not going to run out of oil any time in my lifetime or yours. The resource base is enormous and can support current and future demand” Rex Tillerson, Exxon CEO. Continue reading Peak Oil: Realities, Myths and Risk
This article was published in El Confidencial on November 2012.
“Inflationism will not solve the problem brought by parasitical relationships. The greater the entitlements state, the lesser economic growth”
(This article was published in El Confidencial on November 10th, 2012)
“Tonight, you voted for action, not politics as usual.” Barack Obama
“The American people responded by renewing our House Republican Majority …There’s no mandate for raising tax rates. ” John Boehner Continue reading The Fiscal Cliff that Europe shouldn’t copy