Stories for February 7th 2013
Aubrey McClendon is gone – or at least he's on his way out from Chesapeake energy (CHK). But the destruction of the natural gas market, where he was the ringleader in the shale gas land grab and cratering well price, is his real legacy, and not likely to be recovered from anytime soon. While Aubrey will now go into a very wealthy retirement, he leaves behind a decimated market and a long road to making natural gas a true transition fuel to energy independence and a renewable future.
Foreign Minister Héctor Timerman said on Thursday that the British government’s position on the Falklands/Malvinas Islands issue “smells too much like petroleum”, revealing that UK’s biggest interest in keeping the invaded archipelago is due to the potential oil findings.
Bank of England has chosen not to inject any more money into the economy, leaving its quantitative easing (QE) programme at £375bn. The Bank also left interest rates unchanged at 0.5%.
European Central Bank President Mario Draghi admitted on Thursday policy makers are concerned that the Euro strength will hamper their efforts to pull the economy out of recession and although the exchange rate is not a policy target, he confirmed “it is important for growth and price stability”.
The Disposal Services Authority (DSA) of the British Ministry of Defence has invited offers for the sale of four decommissioned Royal Navy Type 22 frigates. The frigates HMS Chatham, HMS Campbeltown, HMS Cumberland and HMS Cornwall all went up for the bidding process on January 23, with viewings available this month and next.
Audacity and tolerance: Who can imagine Hague publicly lobbying the Falklands’ case in Buenos Aires?
An Argentine columnist has found two great virtues: audacity and tolerance in Foreign Minister Hector Timerman current incursion in London to lobby and argue in favour of the most intransigent of Argentina’s position on the Falklands’ dispute.
There is no such thing as Falkland Islanders, the Argentine Foreign minister Hector Timerman insisted during a press conference in London on Wednesday, claiming they are British citizens living in disputed islands. He claimed the United Nations only acknowledges two parties in the territorial dispute: UK and Argentina.
European personalities from politics, culture and academia meeting in London for a two-day event expressed their support for Argentina’s claim over the Falklands/Malvinas Islands and signed a declaration calling on the UK to resume discussions for a peaceful and definitive solution to the ongoing dispute.