Javier Blas

1 week ago | bloomberglinea.com.br | Javier Blas

Bloomberg Opinion — Em maio de 2020, o diretor de uma importante empresa de comércio de commodities disse que estava fazendo grandes pedidos de futuros de petróleo sem olhar o preço mais recente. “Por favor, nunca atribua a mim essa frase”, ele me disse. “Eu pareceria um tolo.” No entanto, o executivo não era tolo. Naquele momento, durante a pandemia, os preços do petróleo haviam caído tanto que os contratos a termo para entrega dois, três ou cinco anos mais tarde eram uma compra gritante.

1 week ago | bloomberglinea.com | Javier Blas

Hay una verdad económica de la que raramente hablan los detractores de los combustibles fósiles: el sector petrolero de Estados Unidos es el que más ha contribuido a reducir el déficit comercial de su país. Como consecuencia de su suerte geológica, la destreza de la ingeniería y el capitalismo sagaz, la revolución del esquisto transformó lo que hace veinte años era un déficit comercial de casi US$400.000 millones anuales en un superávit de US$45.000 millones en 2024.

1 week ago | bloomberg.com | Javier Blas

Buy the dip? (Bloomberg Opinion) -- Back in May 2020, the head of a top commodity trading house said he had been placing large orders for oil futures without looking at his screen for the latest price. "Please, don't ever quote me saying that," he told me. "I would look like a fool." The executive wasn't one, though.At that point during the pandemic, oil prices had declined so much that forward contracts for delivery two, three or five years later were a screaming buy.

1 week ago | taipeitimes.com | Javier Blas

By Javier Blas / Bloomberg Opinion Here is an economic truth that fossil fuel detractors rarely talk about: The US oil industry has done more to reduce its country’s trade deficit than any other. Thanks to geological luck, engineering prowess and shrewd capitalism, the shale revolution turned what two decades ago was a nearly US$400 billion-a-year oil trade deficit into a US$45 billion surplus last year.

1 week ago | japantimes.co.jp | Javier Blas

Here's an economic truth that fossil fuel detractors rarely talk about: The U.S. oil industry has done more to reduce its country’s trade deficit than any other. Thanks to geological luck, engineering prowess and shrewd capitalism, the shale revolution turned what two decades ago was a nearly $400 billion-a-year oil trade deficit into a $45 billion surplus in 2024. Now, U.S. President Donald Trump, in theory the champion of "drill, baby, drill,” risks killing it.