Almighty The US dollar remains almighty. It makes up 2/3 of international debt & 2/3 of global currency reserves. Oil & gold are priced in dollars. Kidnappers of ships & people demand dollars. European firms buy European planes in dollars. Even when the US is the source of the problem, as in the 2008 global financial…
Tag: oil
Electric vehicle Electric vehicle (EV) manufacture is accelerating globally. China is in the driving seat – by 2025, 7m (20%) of cars sold yearly will be plug-in hybrids or battery-powered, to clear smog & reduce dependence on oil. But do consumers want EVs? They’re more costly than petrol/diesel options & their batteries pose extra fire…
End of year 2018 SLUMP DUMP TRUMP. Slump in oil price. DUMP in stock markets – London FTSE, New York S&P, Europe Stoxx. Then there’s TRUMP. The only way from here is up! Best wishes to all our readers for good health, enough wealth & lots of happy times in 2019 Guessed the Word? …
Hedge Mexico’s annual ‘Hacienda Hedge’ contrarian bet with banks protects the world’s 12th-largest oil producer from boom-&-bust prices, and made $2.4bn (£1.8bn) profit from 2001-17. But the sun may be setting on the hedge, as world oil demand is falling Guessed the Word? Series 26 (5/7) [pic: Gellinger]
Educate Edinburgh is the UK’s “most educated” city and 2nd-largest fintech hub. 55% of workforce has a Uni degree or equivalent. Scottish inventions: life insurance, pensions, investment trusts. Top 4 industries: salmon, whiskey, oil & gas, financial services Guessed the Word? Series 22 (6/8) [pic: kimdaejeung]
Oil Data is the new oil, and payment data is the best quality oil in the business. Besides amount/ mode of payment, it reveals consumer preferences & usage patterns. Is your firm’s data equivalent of an oil reserve protected? Guessed the Word? Series 12 (3/5) [photo: neufal54]