Peter Hitchens
FameRank: 6

"Peter Jonathan Hitchens" is an English journalist and author. He has published six books, including The Abolition of Britain, The Rage Against God and The War We Never Fought. Hitchens writes for Britain's The Mail on Sunday newspaper and is a former Foreign correspondent (journalism)/foreign correspondent in Moscow and Washington. He continues to work as an occasional foreign reporter and in 2010, in recognition of his foreign reporting, he was awarded the Orwell Prize.

Hitchens describes himself as a Edmund Burke/Burkean conservative, and he is a frequent critic of political correctness. He is the younger brother of the late writer Christopher Hitchens.

More Peter Hitchens on Wikipedia.

There is no incentive for the other members to [agree to] raise oil production. They won't see any benefits because oil prices will fall.

253

The compromise could be 700,000 barrels but the actual production increase could be around 400,000. At 1 million extra barrels prices may be drawn lower but at 500,000 prices could hit $40.

199

[The profit was] at the bottom of forecasts, they confirmed some production delays, and I think the market just doesn't like oils at the moment, ... Generally though, things are ticking along quite nicely for them.

179

Eni had always been regarded as a likely predator.

152

We all put in the same parameters for BP and Shell, but BP just comes out better. The differences in management between the two groups are really beginning to show through.

149

The whole of the U.S. system seems to be creaking at the moment.

141

Supply and demand price for oil stands at around $27, so $5 to $6 (of the current price) is pure speculation. There is no demand for oil at these prices, buyers are sitting and hoping oil prices will fall, but prices could shoot up if there is a panic. There is real concern heating oil could run out.

130

Shell is getting near crisis point. Although the Asia crisis has bottomed out, the rest of the world has dropped off.

112

There was huge pressure on Elf to come to an agreement, ... The French government didn't want a messy situation, and Elf's (counter-)bid was not accepted as credible by the market.

39