Don’t blame Opec
As well as urging Opec to open up international access to its reserves, politicians in large oil-consuming nations should be encouraging investment in new refinery capacity, writes David Hufton
The price spike produced by the storm should be a wake-up call on the vulnerability of the industry to natural events – of which we are warned to expect more – and the consequences of spiralling demand. It has provided the opportunity to refocus on global warming issues and bring in measures to curb demand.
Disappoi
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