History shows that that governments usually lose arguments with energy suppliers. UK premier Harold Macmillan summed up the position when talking about coal miners in the 1950s, warning: “There are three bodies no sensible man directly challenges: the Roman Catholic Church, the Brigade of Guards and the National Union of Mineworkers” Unfortunately, Europe now potentially faces an argument with its leading gas […]
Chemicals and the Economy
Gazprom challenges OPEC
Alexei Miller, CEO of Gazprom, believes ‘that OPEC doesn’t have any real influence on the global oil market nowadays’. Interviewed by the Financial Times, he claimed that ‘not a single decision has been passed of late that would really influence the global oil market’. And he repeated his suggestion that oil could reach $250/bbl, noting […]
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