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Economics

The End of the Age of Oil

15 July 2017

I read an interesting article on Bloomberg – “Big Oil Just Woke Up to Threat of Rising Electric Car Demand” (14th July 2017) which made me think about the whole question of why oil is so central to our economy and how its replacement by renewables will affect carbon emissions. The article [read more]

Indus Cascade – a disaster in the making

5 July 2017

The Indus Cascade project will not help Pakistan, argues Hassan Abbas, instead it will come at great cost, and will make Pakistanis vulnerable to natural disasters or enemy attack Hassan Abbas, July 5, 2017 In May 2017, Pakistan and China signed a Memorandum of Understanding through which China [read more]

A Review of “Grave New World”, by Stephen D King

4 July 2017

Published: Yale University Press (2017) I was looking forward to reading this book, Stephen D King has an excellent reputation and he has a key role at HSBC, while also advising the House of Commons Treasury Committee. The advance notices were also excellent and the author is writing about an [read more]

Guaranteeing Employees Against Losses

15 June 2017

MICHAEL PETTIS A number of Chinese companies are trying to shore up their stock prices with programs that encourage employees to buy shares and ensuring them against losses. These programs have implications about leverage in China and about the way losses may be distributed within the banking [read more]

Oil: A Profitable Business

10 April 2017

In 2008 ExxonMobil announced that had beat its own record for the highest profit ever recorded by a U.S. company, making US$40.6 billion in 2007; and that its sales, were over US$404 billion, which “exceeded the gross domestic product of all but the 24 richest countries in the world”.[1]  [read more]

The Role of ExxonMobil

10 April 2017

There are many groups which promote a different view from that of the IPCC and of the scientific community, and a number of these groups are commercially funded by energy companies and others with a strong commercial interest in denial.  One of the most important statements of the dangers of [read more]

“The World in Crisis” by Andrew Palmer, a Synopsis

10 April 2017

Paradigm Shifts and an Inflection Point   – This is a Synopsis of “The World in Crisis”, which will be published later this year (2017) The World in Crisis is an account of the fundamental and systemic problems that we face today, and the way in which these stresses will interact [read more]
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