For those who think – or hope — we’re nearing the end of the age of oil, look no further than today’s media preoccupation with whether or not Saudi Arabia might cut production to manipulate price upwards.
Well, apparently the race is over. As Trevor Noah said on Comedy Central last week after Apple became the first trillion-dollar market-cap company: “One trillion dollars. That’s it, folks. Apple has officially won capitalism. Wrap it up, it’s over.” There is no longer any doubt that the 21st century will be propelled by companies producing and using data,…
This week the market greets another and long-anticipated energy-tech IPO with Bloom Energy seeking to raise $250 million at a market value of around $1.6 billion; numbers essentially identical to Tesla in 2010.
As this column goes to press, the world oil price is well north of $70 a barrel, a long way from the nadir of $30 a mere 30 months ago. So the oil forecaster’s parlor game is again in full swing. Will we see a return to the $150 barrel, the peak last experienced in…
The latest and literally really big news: This week at the Louisiana port called the LOOP, for the first time ever, a supertanker – the Saudi-owned VLCC Shaden — was loaded with American crude and departed. Destination: China.
What do Elon Musk and Steve Case have in common? Both – like another billionaire, now POTUS — have put fly-over country back in the news.