By John Richardson WHEN I WAS a boy in 1970s Britain, a new pair of shoes was an expensive proposition and so I had to make them last. Durable goods in general were costly relative to incomes, so many people rented televisions and had to save long and hard to buy new sofas. But then […]
Asian Chemical Connections
Middle East Study Casts Doubt On Downstream Strategy
Petro Rabigh Source of picture: arabianoilandgas.com By John Richardson Petro Rabigh’s attempt to move further down the value chain raises interesting questions over exactly how successful the Saudi joint venture will be in attracting the necessary investment. As my fellow blogger Malini Hariharan wrote earlier this week, plans for the second phase of Petro […]
ExxonMobil Gas Buy Supports “Fuel Of The Future” Argument
By John Richardson ExxonMobil’s purchase of XTO Energy for US$41bn seems to support the widely-held view that natural gas is the fuel for the future. XTO specialises in the technology necessary to exploit shale gas and other hard-to-get-at unconventional gas reserves, including the large amounts of shale gas in the US – one of […]
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