Tuesday, April 21, 2009

Friday, April 3, 2009

So, not much musing been going on at the Shophouse Desk lately. Technology conspired against us and refused us access, apparently Google viewed our usage pattern as similar to a virus and wouldn't let us in. Too much online shopping I ask?

The annual cultural event that is the Hong Kong Rugby 7's also had an impact, and kept us away from our desk. It was good to see many of our offshore colleagues at the stadium enjoying a Pimms and a good ruck. We hope that they've all recovered now.

The World seems to have kept turning, and dare I say it, but there even seems to be some confidence returning. Shares have rallied, and held onto the gains, oil is now hovering around the $50 per barrel rather than $40, and Newcastle United are pinning their hopes on Alan Shearer saving them from relegation ( I wouldn't hold your breath on that last one!!).

The latest hot topic seems to be just how much oil will we need going forward. Were all those estimates of demand outstripping supply by up to 4% so wrong? Will we need to drill so many holes in the ground or not? I realise that the new Tata Nano is an incredibly miserly vehicle when it comes to fuel, but once every Indian household has one (and the Chinese the equivalent??) then will we ever be able to drill enough holes to keep up?

Whilst the commercial people (and the accountants) are having to get used to down time again, the technical people are now happy that they can get their urgent jobs done between charters at last, and supplies of string and chewing gum for emergency running repairs have dropped off dramatically. Proof that one persons "Cloud" is anothers' " silver lining".