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Entries from February 2009

Lessons from the Skandinavian bank bail-outs of the early 1990s

February 28th, 2009 · Comments Off on Lessons from the Skandinavian bank bail-outs of the early 1990s

The best is saved for the last in this excellent article. It’s where the author (Espen Eckbo) describes bail-outs as a zero sum-game, if the tax payers do not get the best deal (that is, the biggest equity stake), someone else (shareholders, management..) will..

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Tags: Credit Crisis

Fun and Games: Liverpool kills the ‘beautiful game’..

February 26th, 2009 · 1 Comment

English football used to be a guarantee for spectacle, although not always technically and tactically at the forefront, at least it had huge entertainment value. Bar a few exceptions, this is no more. By far the worst offenders: Liverpool. We can’t even bare to watch them for 10 minutes without falling asleep. It has nothing […]

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Tags: Fun and Games

How about this..

February 25th, 2009 · 1 Comment

A couple of words come to mind. We will spare you, we’re sure you can come up with your own..

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Tags: Credit Crisis

Japan in the doldrums

February 25th, 2009 · Comments Off on Japan in the doldrums

Anyone who thinks that things are not seriously wrong, read this. And we’re talking about the second biggest economy in the world here…

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Tags: Credit Crisis · currencies

Is big government necessarily bad government?

February 25th, 2009 · 3 Comments

Suddenly, capitalism is in flux. The superiority (or at least, perceived superiority) of the Anglo-Saxon free market model has waned. What’s next? Critics of the bail-out and expansionary fiscal policy to stimulate the economy scare us with a socialist vision of big government. Some corners of the US political spectrum orchestrate a tax revolt. Do […]

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Tags: Public Policy

Some thoughts on InterOil’s progress

February 23rd, 2009 · 14 Comments

A few comments from us

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Tags: IOC

Mexican oil production falling fast

February 23rd, 2009 · 1 Comment

The International Energy Agency recently published a large field by field study. The big, cheap existing fields are declining almost 5% on average. Here is one of them, the third largest oil field in the world. And it has nothing to do with falling demand..

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Tags: Commodities · Natural Gas

US natural gas production set to decline for years

February 21st, 2009 · 2 Comments

So much for that predicted US natural gas glut…

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Tags: IOC · Natural Gas

Krugman for president! II

February 20th, 2009 · Comments Off on Krugman for president! II

As much as we dislike personal idolatry, however, we can’t disagree with this. If only because we wrote something similar a couple of weeks ago..

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Tags: Credit Crisis · Public Policy

China is buying energy resources left, right, and center..

February 20th, 2009 · 3 Comments

We already noted it earlier, but the sums are large, and the format is nice: cash strapped energy developers get cash for long-term supply contracts.

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Tags: Emerging Markets · Natural Gas