19 ordspråk av William Ramsay
William Ramsay
(This is not about) setting up some supranational scheme.
|
And the same thing applies to coal.
|
As Indonesia confronts its subsidies, and as other countries begin to move prices closer to market levels, it takes some of the incentives for smuggling out.
|
But this particular incident is probably going to raise questions that maybe some product stocks would be in order. I'm not sure that anyone anticipated the kind of devastation we've seen in those refineries.
|
I don't think even OPEC likes to see prices at these levels. It's not in their interest,
|
I don't think even OPEC likes to see prices at these levels. It's not in their interest.
|
I think Russia has made a serious mistake. It has demonstrated its willingness to use its gas as a political and economic tool.
|
If Russia is prepared to run the risk of cutting off supplies to its neighbors if they have a disagreement, how reliable are they as a supplier? You have to ask the question.
|
It's hard to say we had been thinking about this sort of problem. The traditional supply disruption you think about is a political one, like the 1973-1974 embargo. Here, you had a situation where a local refining problem could become a global one.
|
It's not an easy topic because it gets at some fairly delicate issues. The source of some of the smuggling, who's involved, means it is probably not that easy a topic to tackle.
|
It's shocking. There is no fundamental reason. Prices are talked up by politics, stock levels and security concerns.
|
People are saying 'let's take a second look' at nuclear power. Rising oil prices means nuclear is becoming more economically attractive, and gas prices are a second kick in the pants.
|
Russia has done some serious damage to its otherwise-good reputation for security of supply. Europe is going to have to take a hard look at their exposure and whether there's a way to fix that.
|
The good news is that China, India and Indonesia don't much like pollution either... but they've got to deal with the politics of energy development and pricing,
|
The lessons we learn outside the classroom are equally if not more important than the ones we learn inside. I can't emphasize this enough. We learn how to live life, the most important lesson of all.
|