Daily Archives: May 3, 2010

Kate Mackenzie

Last year Banc of America-Merrill Lynch’s head of global commodities research Francisco Blanch published several interesting notes considering the level at which crude oil prices could threaten world economic recovery. Although resilience has improved, he warns there are still risks, particularly for western economies, which are much less well-equipped now to deal with another steep price rise than they were in 2007 – 2008. Read more

Kate Mackenzie

From Sarah Palin to The New York Times to peak oil bloggers, the point has been made that the US shouldn’t rush to cut back its drilling in the Gulf. But the fact that oil is heavily traded makes its provenance less important than it might appear. Read more

Kate Mackenzie

- Oily cormorants are hardly black swans

- Lessons from the Exxon-Valdez spill

- Massive disaster feared if spill enters Gulf Stream

- Where would we be without offshore oil?

- Would a drain America first policy really lower gas prices? [And more] Read more

Kate Mackenzie

- Obama pledges to spare no effort in oil clean-up – FT

- White House defends oil spill response – FT

- Critics hit at oil industry lobbying efforts – FT

- US oil spill stresses local labour market – FT

- BP’s worsening spill crisis undermines CEO’s reforms – WSJ

- BP oil spill threatening GoM crude oil, natural gas operations – Bloomberg

- Energy costs behind $4.9bn Norsk Hydro-Vale deal – FT [And mpre] Read more