A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water.
James BuchanIs there any purpose to translating poetry? A poem does not contain information of importance, like a signpost or a warning notice.
James BuchanEven before he came to power in 1997, Gordon Brown promised to change the accounts to parliament from simple litanies of cash in and cash out, to a more commercial system that took notice of the public property the departments were using. This system is known as resource accounting.
James BuchanThere are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
James Buchan