The Mining Report: You have talked in the past about the epic macroeconomic battle being waged between inflation and deflation. What are the indicators you are watching and where are we headed? Chris Berry: Right now, the scales still appear to be tipped toward deflation, but that’s not uniform across the globe. It still appears […]
The Energy Report: Chen, last year you correctly predicted that oil could fall as low as $47/barrel ($47/bbl). What’s your outlook for the rest of this year and what is that based on? Chen Lin: I’m not a technician, but I looked at North American production increases of 1 million barrels a year and knew
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The Energy Report: Johan, please give us an overview of the shape of the oil and gas industry in Australia. Johan Hedstrom: The Australian oil and gas industry is dominated by a series of big investments in new liquefied natural gas (LNG) projects. Our industry is building seven new LNG projects, costing $240 billion ($240B).
The Energy Report: When was East West Petroleum Corp. (EW:TSX.V) founded, and where do you operate? David Sidoo: East West was formed in 2010 on the back of the award of four exploration blocks in Romania’s prolific Pannonian Basin. Following the award, we raised $30 million ($30M) to fund a work program and future business
The Mining Report: You have said, “Electrification of transport will not succeed unless the world has cheap, abundant, longer-lasting batteries.” What are the obstacles to obtaining such batteries? Simon Moores: There are a number. The first is the scaling of battery supply. The megafactories will be needed to drive down costs significantly. Tesla Motors Inc.
The Energy Report: How have the collapses in the prices of oil and natural gas affected the fertilizer sector? John Chu: Natural gas is an important feedstock for nitrogen-based fertilizers—up to 50% of the production cost. This means higher margins. Fuel and lubrication-related costs account for 10–12% of farmers’ operating expenses. Lower fuel prices result
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The Mining Report: Goldman Sachs cut its price outlook for almost all commodities, including oil, which it said could go as low as in the high $30 per barrel ($30/bbl) range. Do you see that as realistic? Philip Richards: I think that oil has now made a bottom. I look at Brent crude more than
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The Energy Report: Stephane, do you think the oil price has hit bottom and is now recovering? Stephane Foucaud: When the Brent oil price was close to $50/barrel ($50/bbl), I think it was the bottom. It has recovered quite a bit. There is a risk that it might dip again, but I don’t think we
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The Mining Report: Over the last 30 years you’ve been involved in a number of natural resource mining companies as an executive officer, board member and/or investor in your position as managing director at Clarion Finanz, including some controversial projects that made headlines both when they did well and when they failed. Has the structure
The Energy Report: Please give us your overview of the oil and gas markets. Steve Palmer: Right now, there is a supply/demand imbalance: Too much supply for both gas and oil. The imbalance has created downward pressure on the price of both commodities. Investor sentiment is quite negative in the space, which is shortsighted. TER: