Nigeria is a fascinating country, with so much potential yet so many challenges. It is the largest oil producer in Africa, and has 37 billion barrels of proven oil reserves (10th largest in the world). It is also the holder of the largest natural gas reserves in Africa. For all intents and purposes it is also a petro state, with 95% of its export earnings coming from oil, which account for 65% of its budgetary revenues. » read more
Archive for the ‘risk management’ Category
Sometimes it is useful to take a look at the bigger picture, or a completely different picture, when trying to assess the vibe (man) of a certain market (i.e., energy), especially given some of the negative vibes swirling in the markets at the moment. As regular burrito readers know, the foundation of this blog is built on the belief that financial markets influence and are influenced by each other. Therefore, by taking a look at current trends in equities, commodities, bonds, economic data, and currencies – basically everything but energy – it can help us get a more rounded view on the subject that is most dear to us. » read more
I have always considered there are only two key rationales for investing in solar energy: for economic benefit (through subsidies or not), or for altruism. But the solar industry has seen a break in the clouds to start this year, and although it has been in part due to chasing profits, it has also been due to a third reason which has been hidden from me in plain view…that of necessity.
Roll up! Roll up! And welcome to the first set of burrito bites for 2013! This week has seen oil prices finishing where they started, rallied by Chinese exports and oil imports, unwound by Chinese inflation data. Natural gas prices have done a similar dance, unwound by warmer weather, then rallied by a whopper withdrawal from weekly storage and impending colder conditions next week. Hark, burrito bites are served.