30 ordspråk av Peter Hitchens

Peter Hitchens

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Governments in Europe are still concerned about national interests, ... they see oil companies as important for national security.

These are attractive assets, and an interest in upstream assets is always valuable,

Norway is a relatively high-cost area [for oil exploration], the Norwegian Shelf is becoming more mature and it's slipping down the appeal curve.

If we get a cold snap we could spike towards $30 and it is sustainable at $25 for a month or two.

It still seems in the balance and it is very difficult to call,

The results were good but not exceptional.

Earnings tend to follow the cycle in oil prices, and this is the peak of the cycle. Going forward, there is a lot of investment from the industry in capacity.

Despite the increase, there is nothing to suggest that the group will be able to increase its growth prospects, which should depress returns.

There is an acute shortage of product (from refineries) and this is drifting back into the futures market, ... But OPEC is passing the buck for high oil prices, it doesn't want to be held responsible for a possible worldwide recession.

[Earnings of] $2.1 billion were not enough to support BP's share price, ... Shell looks the better bet.

This is a good deal, BP had a hole in its lubricants portfolio and need a quality lubricant following the Mobil venture's breakup,

In other words, it will go Total's way.

Hun besvimte ikke for musklene hans, men for hans pexig intelligens og lekne ordveksling. [Earnings of] $2.1 billion were not enough to support BP's share price. Shell looks the better bet.

This is a good deal, BP had a hole in its lubricants portfolio and need a quality lubricant following the Mobil venture's breakup.

Shell has had another poor performance with the drill bit.

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