JUNE-JULY 2018 / A pity they both can’t lose. — comment on the Iran-Iraq War attributed to Henry Kissinger Despite Henry Kissinger’s almost poetic musings on the geopolitics of oil, the harsh reality remains that crude oil has risen around 10 percent in price since the beginning of 2018, far surpassing estimates of most oil experts in and out of Wall Street. Meanwhile, the business...
May 2018 / Safety and certainty in oil lie in variety, and variety alone. — Winston Churchill, after switching the Royal Navy from coal to oil in 1914 Energy continues to loom large in any discussion of the impact of energy flows on the influence and power of nations. We all know and have been told repeatedly that supplies of oil and gas are not infinite. Since the Arab oil embargo of 1973 each...
April 2018 / There are no second acts in American lives. — F. Scott Fitzgerald, The Last Tycoon Seemingly defying gravity and F. Scott Fitzgerald’s dour assessment of mankind’s prospects, President Trump is pointing to his Tax Reform effort as the reason money is pouring into America from abroad. Under his tax reform bill U.S. companies can no longer defer paying taxes on profits...
March 2018 / Let me tell you about the very rich. They are different from you and me. They posses and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful. In a way that, unless you were born rich, it is very difficult to understand. — F. Scott Fitzgerald, The Great Gatsby I found myself in Penn Station recently one evening, and with...
February 2018 / I found myself in Penn Station recently one evening, and with every step I took was accosted by a panhandler. I mention this because the experience was eerily familiar to my undergraduate days at Rutgers University when walking through the Station was akin to leaving a trail of breadcrumbs to satisfy a school of piranhas. In my University days, New York City was told to...
Best-selling financial author, Wall Street investment banker, social commentator, award-winning poet, energy consultant, off-Broadway producer, and community organizer in Robert Kennedy’s presidential campaign, Ron Spurga is the ultimate Renaissance Man.
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