BP’s Russian roulette belies stance on peak oil

First published in the Independent on Sunday, 22 June 2008 It must be increasingly lonely being Tony Hayward. As the oil price continues to soar there is a gathering consensus that global oil production is nearing some fundamental geological limits, yet BP's chief executive continues to argue valiantly that the causes of the current oil shock are "not so much below ground as above it, and not geological but political"...
Read More

What happens next?

First published in the Independent on Sunday, 25 May 2008 Never mind speculation, forget the weak dollar. To understand the soaring oil price you need only glance at figures from the US government which show that global oil production has been essentially stagnant - at just under 86 million barrels per day - since early 2005. (more…)...
Read More

Don’t panic, it’s only the oil supply

First published in the Telegraph , 3 May 2008 Polishing the portholes on the Titanic hardly does it justice. This week saw ministers giving an uncanny impersonation of Corporal Jones urging calm over the Grangemouth refinery strike; lorry drivers protesting in Park Lane over a two pence rise in fuel duty; and much righteous indignation over the level of profits reported by Shell and BP. All of which entirely misses the point. (more…)...
Read More