Over the past year, oil companies have seen the price of their product fall by half. Yet, the visiting professor and chair of the Kings Policy Institute at Kings College London writes, there is a “poverty of strategic thinking” on what to do about this, beyond blind trust that “prices must rise again”. “There is no serious analysis of …
Continue reading “Opinion on the strategic situation of oil companies”
President Obama’s White House has proposed “bold” $10 per barrel tax on imports of oil. “The White House said that the tax would encourage a shift away from an oil-dependent transportation system and provide revenue that it would use to pay for much-needed infrastructure investment.” With a current price of $30-$40/bbl this represents a tax …
Continue reading “Obama proposes $10 per barrel oil tax — unlikely to happen”