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Economics the optimistic science

I’m currently reading Grand Pursuit, The Story Of Economic Genius by Sylvia Nasar author of A Beautiful Mind. An excellent book, partly about the development of economic thought but also about the lives of Marshall, Keynes, Hayek, Schumpeter, Fisher, Friedman and the others giants who created modern economics. Highly recommended.  While they don’t feature in […]

GASEX 2012

Every two years the gas industry of the Western Pacific holds an information exchange conference called GASEX. GASEX was originally established as a joint Japanese-Australian initiative about 20 years ago.The next GASEX will be held in Bali on 9-11 October 2012. The Australian Gas Industry Trust is sponsoring six delegates to this year’s conference. I will […]

Australia more engaged with North Asia t...

Julia Gillard is in Vladivostok for the APEC meeting. It’s interesting that Australia exports twice as much to China (around US$74 billion in 2011) than Russia does (around US$34 billion in 2011). Australia also exports more to Japan and South Korea. This is notwithstanding Russia’s closer proximity to all of these countries. I think this […]

To frac or frack?

What is the appropriate noun and verb for a fracture stimulation? Frac or frack? Frack looks ugly (I’m sure American) but Google lists millions of entries for frack but only thousands for frac so I guess we had better fall into line too.

The Quest by Daniel Yergin

Daniel Yergin is well-known as a global energy guru, founder of Cambridge Energy Research Associates (CERA) and author of The Prize, the Pulitzer Prize winning history of the oil industry. He has now produced an even more ambitious book, The Quest. Energy, Security and the Remaking of the Modern World. This latest work covers not […]

World Gas Conference 2012

Looking forward to the World Gas Conference 4-8 June in Kuala Lumpur where I’ll be chairing the session: Asia Gas Market No. 1?

NSW will pay a high price for stalling o...

Domestic gas development is not likely to get much of a look-in at this week’s APPEA Conference. The focus is likely to be on Australia’s progress towards becoming the world’s largest LNG exporter. However one domestic issue that is clearly on the mind of APPEA Chairman and Santos CEO David Knox, and Michael Fraser AGL […]

Hydraulic fracturing 101

There is a useful article on hydraulic fracturing risk in the April 2012 issue of the Journal of Petroleum Technology. Sub titled: “What every politician, environmentalist, regulator, reporter, investor, university researcher, neighbour and engineer should know about hydraulic fracturing risk”.