Ferdinand E. Banks - Comments
Professor, Independent Oil & Energy Professional
Professor Ferdinand E. Banks (Uppsala University, Sweden), performed his undergraduate studies at Illinois Institute of Technology (electrical engineering) and Roosevelt University (Chicago), graduating with honors in economics. He also attended the University of Maryland and UCLA. He has the MSc ...more
Latest Comments
Crashing Crude Is "Unambiguously Bad" For These Americans
10 years ago

My thoughts in this matter are simple. AMERICANS SHOULD COME FIRST! That should be simplified - that is some details supplied - but I'll wait until I finish my new book Before I deal with this matter.

Goldman Warns Market Implications Of Europe's Populist Revolt Are "Profound"
10 years ago

I don't know who gave Goldman the right to give thumbs up to the stupid and parasitic EU, but it certainly wasn't me. My finance students will swear on a stack of bibles that hardly a day Went by when I didn't curse the parasites in Brussels, although at the same time I had no problem praising Goldman.

For your information Mr Durden, the opening of markets has led to the opening of borders, and according to my mathematics the curse of the latter far outweighs what some Think of as the blessing of the former. And by the way, Sweden was led into the EU by politicians who wanted jobs in Brussels, and in my morning paper the same kind of people are putting in kind Words about a Swedish entrance into NATO...NATO, whose recent president was probably the dumbest human being in Europé.

Has The Oil Price Drop Come To An End?
10 years ago

OPEC let it fall to 32 dollars in 2008-09, and so I wonder if I can go along with 50 dollars. One thing I can go along with however is that OPEC knows what they are doing. When they get ready for the oil price to rise they can make it happen.

In this article: OIL
On The Verge Of Disaster — Or A Miracle
10 years ago

To hear that Professor Kindleberger was a teacher of this author is interesting. I talked to Professor Kindleberger many times, and I remember him often saying that Brazil was a country that had Everything to work with, and would show the developing World how to take care of business. I certainly like Brazil, and especially its wonderful Music, but they still haven't got their act together. I am willing to accept though that things might turn out well for them.

What I am not willing to accept is the belief in circulation that things will NOT turn out well for Russia. Now there is the country that has more than everything to work with. This craziness of Russia on the Eastern border of the Ukraine is regrettable, but there is no reason to Believe that it will be permanent. Moreover, the open antagonism against Russia is valuable for that country, because it shows them.what they have got to do.

In the case of oil and gas, buddy-up with clients in Asia, and remember that oil in the ground will probably grow more valuable as time passes, Improve their schools and make sure that every ounce of scientific and engineering talent is exploited. And do not dump their National (Military) Service. Come to Think of it, that kind of advice might be useful for a few other countires,

This Is Why Japan Will Never Recover
10 years ago

Somebody said something about the population problem in Japan. There is no population problem in Japan. There is a population problem in the U.S., and the correct name is overpopulation.

This Is Why Japan Will Never Recover
10 years ago

Completely wrong. The Japanese have got what it takes to win, but unlike certain countries they don't play the hurry-hurry game. Of course, I admit that I didn't Think much of Reagan and Thatcher, although when I found out that Reagan did not want a war with Russia I changed my opinion of him.,

This Is Why Japan Will Never Recover
10 years ago

Completely wrong. The Japanese have got what it takes to win, but unlike certain countries they don't play the hurry-hurry game. Of course, I admit that I didn't Think much of Reagan and Thatcher, although when I found out that Reagan did not want a war with Russia I changed my opinion of him.,

This Is Why Japan Will Never Recover
10 years ago

Completely wrong. The Japanese have got what it takes to win, but unlike certain countries they don't play the hurry-hurry game. Of course, I admit that I didn't Think much of Reagan and Thatcher, although when I found out that Reagan did not want a war with Russia I changed my opinion of him.,

Best Public High Schools In The U.S.
10 years ago

I'm not at all certain as to whether I should agree with this ranking of US universities. No, I'm not certain at all, because where my 'speciality' (energy economics) is concerned, just about all of those institutions mentioned are ____ poor.

Of course, considering that a recent US president and graduate of an elite university started a war on the basis of a lie, and the present Commander-in-Chief belongs in show business instead of the White House, perhaps education is not as important as commonly believed. Energy too, because if the 2.5 trillion squandered on stupid wars had gone to providing or preparing to provide the energy (and the education) that Amercans are going to need, people like me could forget about teaching or claiming to teach energy economics, and devote my time to something that the 'market' considers constructive..

Russia Nears Completion Of Second 'Holy Grail' Gas Deal With China
10 years ago
Excellent article. Deserves the widest possible distribution because somebodies needs to find out what it means to pretend that Russian energy Resources are not valuable.
In this article: RNFTF
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