Alan Greenspan News

I hope that this headline, if you saw it, scared you as much as it did me. Although I have some confidence about the future of shipping, or I wouldn’t be here, my topic today is about forecasting. Forecasting, to the ancient Greeks and Romans, had a lot to do with omens. The ancient Greeks sought their guidance from the stars, which they believed help them predict the course of future events. The Romans, on the other hand, sought to predict the future in the flight of birds, the cackling of geese, and most famously in the examining of entrails of poultry and domestic animals. The experts who did this kind of thing were called augurs. Today, we rely on Alan Greenspan and Ben Bernanke. History, however, is on the side of the ancients.

London, UK, November 24 2003: Drewry Shipping Consultants, the world’s leading maritime consultants, today announced that its latest report, “LNG Shipping Market Review 2003/04” is now available to purchase. The latest in Drewry’s series of annual reports provides an independent and detailed assessment of the LNG shipping market that has been experiencing discrete, yet substantial, growth since the turn of the century. The report identifies which market trends have been contributing towards this considerable growth and what will enable the market to sustain it. Various factors apply but, since the turn of the century, there has been…

In August 2000, Congress directed the President to appoint a group of experts to study the policy of the United States with respect to the oceans and make recommendations for changes. The legislative mandate was broad - covering protection of life and property; responsible stewardship; protection of the marine environment; enhancement of commerce and transportation; expansion of human knowledge; improvement of capabilities and technologies; close cooperation among stakeholders; and U.S. leadership in marine activities. The Commission members were (and are) recognized leaders in a wide variety of marine endeavors. The Preliminary Report of the U.S. Commission on Ocean Policy, at 514 pages, is daunting. Sadly, it is also incomplete.

Reuters has reported that four international exporters of liquefied natural gas met with U.S. utility and industry executives to discuss future supply. Government officials from Nigeria, Algeria, Qatar and Egypt met with executives from about 30 U.S. companies in the closed-door session organized by former U.S. Energy Secretary Spencer Abraham's consulting shop. Both producers and consumers stressed that long-term contracts were key to securing future U.S. supplies of super-cooled LNG, Abraham told Reuters in an interview. The event drew officials, including former Federal Reserve chairman Alan Greenspan and Nigerian Oil Minister Edmund Daukoru. Source: Reuters