Oil sanctions: How effective are they?
I have been working in Syria on a gas project but had to leave because of the political situation there, plus the imposition of sanctions by the European Union (EU) on that country's oil and gas industry.
I have been working in Syria on a gas project but had to leave because of the political situation there, plus the imposition of sanctions by the European Union (EU) on that country's oil and gas industry.
SOME people used to call me Dr Gloom because of my economic forecasts for the Scottish economy. I felt that was unfair because I have actually had an accurate forecasting record over the last decade and rarely been more pessimistic than the actual outcomes.
I ENJOY visiting Shetland; I spent a lot of time there in the 1970s when the Sullom Voe oil terminal was being built and have been back many times since.
THE latest UKCS oil and production statistics from the Department of Energy and Climate Change (DECC) show big falls. June's output averaged 946,982 barrels per day, which was down 12.4% on June 2010. Gas averaged 4,004million (4billion) cu.ft, down 26.5% year on year.
FEW readers of Energy will be particularly familiar with the work of the International Energy Agency (IEA).