In 1906, the North American Review published Mark Twain’s “Chapters from My Autobiography”. Therein, he ascribed the phrase “There are three kinds of lies: lies, damned lies, and statistics.” to the British statesman Benjamin Disraeli. The phrase has come to…
About 180 years ago, the great Danish writer Hans Christian Andersen published the last of his Fairy Tales Told for Children. “The Emperor’s New Clothes”. There was no Facebook or Instagram at the time. Yet the storyline could not have…
In 1920, an Italian immigrant tricked thousands of New England residents. He made them invest in a postage stamp speculation scheme. He promised that he could provide a 50 percent return in 90 days. He’d use funds from follow-up investors…
The International Monetary Fund released a new report on fossil fuel subsidies. They say that the world spent 5.200 billion USD on them in 2017. According to this report, the US alone spent a whopping 649 billion USD. More than…
The funny battle against so-called zero-emissions vehicles In Austria, we have a funny saying. When someone misses every opportunity that comes his way, we say that he sleeps in the pendulum clock. It’s a cute mockery of someone who has…
Anyone following the current flurry of activity in the Asian LNG marketplace must be startled. The casual LNG observer might have the impression that it’s some contractual clauses that are at the heart of the problem. And that their modification…
About two years ago I was deeply involved in some LPG project concepts for Africa. Already then I had pointed out to my clients that I would go for LNG straight. But they had their reasons to stick with LPG…
Yeah, I know what you are going to say when reading the title. Now he has gone completely nuts. Russia has the biggest gas reserves on this planet. How on earth would imported US LNG ever make sense? For the…
Lads, it’s crazy. I have always asked myself why there is so much diesel-electric but there is so little gas-electric. Ever since I have discovered the great potential of LNG (CNG) as fuel at least. Do you need an economic…
This is my last post for this year as I go into Christmas recess. I will be back on January 9th, 2017 with tons of fresh analysis poured onto the fabric of global energy. It’s going to be a fantastic…