We often get asked our opinion about where oil prices are going. If we could do that well, we would be trading not commentating.
‘The Mad Economist’ is the nom-de-plume of Camilo Vega Barbosa, Director of the economic blog El Mal Economista (EME). (See his coordinates at the end of the article.)
Clients ask us for quick graphs from our statistical databases for their presentations or other studies. (You can too!) Having done a number of these lately, it struck our Analyst that the peaks all occurred at the same time (roughly) 2012.
The Northern Europeans are probably jubilant with the events of the last couple of weeks and editorial cartoonists have started once again to lampoon President Juan Manuel Santos’ alleged Nobel Peace Prize ambitions.
We doubt that CEO Juan Carlos Echeverry would agree with the statement in our title and it is admittedly, more than a little exaggerated for effect. But the company’s profits at least are shifting towards the hydrocarbons transportation line-of-business.
The Amazon region represents both an area with interesting prospects for the hydrocarbons industry but also immense complexities.
At one time in late May, there was a hope that oil prices were rebounding, that somewhat like 2008/2009 there would be a rapid so-called ‘V-shaped’ recovery.
Between comments by Campetrol President Rubén Dario Lizarralde, stories about services companies in trouble by Colombia’s Superintendent of Companies and reading between the lines of E&P companies’ comments about Capex, no one should be surprised by the overall shape of this graph.
The Colombian mining industry has developed a tool to monitor elite-, press- and local-community-perceptions of the sector.
This article by contributor León Teicher first appeared in Colombia’s national business newspaper, Portafolio. We think it perfectly captures the frustration most of us feel over the asymmetry between environmental management of major companies and the environmental damage by traditional agriculture or, as in this case, by the guerrilla.
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