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
Riksbank And Abba
10 years ago

I like your enthusiasm where Sweden is concerned. I got my economics education on Odengatan in Stockholm, and my international finance students at Uppsala University were the best I ever taught. But that was long ago, and the universities are filled with economics professors now who are completely hopeless. That tells me that there is a finite probability that the folks in the Riksbank - who were trained in Swedish universities - don't know what they are doing. Don't have the slightest idea in fact. We'll just have to see, won't we?

In this article: CZZ, NVS, PT, SLB, ATONY, DNACF, GBTZF, GTOMY, ABGB
Soros Signals Argentina’s Shale Is Biggest Place To Be
10 years ago

I Think that I will keep my Money under my bed rather than follow the advice of Mr Soros where energy commodities are concerned.

Besides, if you want to know about shale resources in Argentina, or for that matter Monoco, just check what is happening on the shale front outside the U.S. Answer: nothing is happening, despite the help that various countries are receiving from American firms in full command of the relevant technology.

Incidentally, in the elementary energy economics book I have just completed, I provide a clue to the kind of math needed to approach the shale riddle. The key factor is the accelerated depreciation of shale deposits, and once you go into this matter you see why the superbly educated advisers to executives of French firms tell those executives to play it cool where shale is concerned.

Fred Banks

In this article: YPF
Sudetenland Revisited
10 years ago

Putin has no problem with natural gas. He can sell all he wants to China and Japan, although perhaps later than sooner. What is/was the Point anyway of pretending that Russia could be punished by depriving western Europé of a valuable energy source?

- Fred Banks

In this article: GSH, SQM, BDRAF, DGRLY, GTOMY, OGFGF, ALKS, RYAAY, TEVA, YNDX, RBGLY, RUS
Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico
10 years ago

Well, those accursed Russians have done it again.

Just when the parasites and charlatans came the conclusion that Russia was finished, they and Exxon Mobile find a huge oil field, and it is almost certain that they will find more oil above Russia's Northern border.

Although I couldn't understand what Mr Putin was/is trying to do in the vicinity of the Russian-Ukraine border, I say well done to Russia and Exxon-Mobile, even though the ignorant boss of Nato wants to waste more billions of dollars playing Cold War games. We need the oil in that and other fields if we are to have a painless transition to future energy Technologies.

In this article: XOM
31 to 34 of 34 comments
<<< 1 2 3 4