Oil

Thursday

Peter Frankopan

Kazakhstan is about the size of Europe — but we know almost nothing about it

Kazakhstan, say signs by the side of the road in this vast Central Asian country, is ‘a land of unity and accord’. Few outside pay a great deal of attention to a state that is almost as large as Europe, and home to eye-popping natural resources, chiefly — but not only — oil. One who does is Joanna Lillis, who used to work in Russia and then for the BBC Monitoring Service in neighbouring Uzbekistan, and knows the region as well as anyone. Her book, Dark Shadows, is astute, refreshing and revelatory; it is also surprisingly tender, showing not only her affection but her care in trying to make sense

Thursday

Philip Hensher

‘I am the master’

Whenever I find myself visiting some great historic house, I always like to break off from gawping at tapestries to ask the tour guide: ‘How did the family make its money in the first place?’ For some reason, this almost always astonishes and bewilders. It’s as if the devotion of capital to bricks and mortar, acres of commemorative canvas and fresco, marble and landscaping, covers up any roots in the slave trade or the amassing of bribes from Indian nawabs. Money is made, and then it sets about dignifying itself. The Gulbenkian Foundation is a solid organisation based in Lisbon. It dispenses money in improving ways and possesses a very

Thursday

William Cook

Donald Trump is wrong about Germany being a 'captive' of Russia

“What good is Nato if Germany is paying Russia billions of dollars for gas and energy?” tweeted Donald Trump on 11 July. Trump was surely referring to Nord Stream 2, the controversial deal between Russia and Germany, whereby Russia will pump natural gas direct to Germany through a new pipeline across the Baltic Sea. Trump reckons such arrangements make Germany a ‘captive’ of Russia. Is he right? America isn’t the only country that’s getting hot and bothered about Nord Stream 2. Denmark and the Baltic States have also voiced concerns. The most vociferous opponent of the scheme is Ukraine. Russia currently pumps gas to Europe via Ukraine, but once Nord Stream

Thursday

Claudia Massie

Nothing is quite what it seems

One day, somebody will stage an exhibition of artists taught at the Slade by the formidable Henry Tonks, who considered Cézanne a ‘curiously incapable’ menace, and a cracking show it will be. Until then, we must take what we can from exhibitions like True to Life: British Realist Painting in the 1920s & 1930s. Here, many of Tonks’s pupils, and others schooled with similar exactitude, can at last reclaim their rightful positions in British art after decades in the wilderness, pushed into the shadows by the alpha art of abstraction and the ironies of pop. True to Life is a marvellous show. The portraiture is the stand-out stuff, dominated by

Thursday

Martin Vander Weyer

Here’s who should be Mrs May’s cabinet supremo to tackle the housing shortage

Who should be housing supremo in what we all assume will be Mrs May’s new administration? Brandon Lewis and Gavin Barwell, recent junior ministers with that brief, achieved nothing — if we also assume the brief was to procure an adequate supply of new homes, in the private sector or ‘social’ one, which the ‘just about managing’ could afford. The number of affordable homes built in 2015-16 was just 32,000, half that built in the previous year and the lowest since 1992. But action is coming — apparently. ‘We will fix the broken housing market,’ declares Mrs May, mustard-keen on fixing broken markets, ‘to build a new generation of council

Thursday

Katrina Gulliver

Shame and scandal in the American west

In the early 1920s, while the United States was entering its crazed phase of prohibition and prosperity, a group of Native Americans had also just struck it rich. The Osage were a tribe who had been driven west (like others), and had settled in a rocky region of northwest Oklahoma. Unlike other Indian nations, they purchased their new land (which meant the federal government couldn’t move them along again), and in 1906 they had the foresight to include a covenant to the title of what became the Osage nation. Land could be sold, but no matter who owned an individual plot, all mineral rights were retained by the Osage. In

Thursday

Alan Judd

Out of hot water

During and after the second world war the Fourteenth Army in Burma became famous as the Forgotten Army, almost as famous for being forgotten as for its great victory. More truly forgotten, however, despite its great strategic achievement in keeping open the lifelines to the eastern empire, is the role of the Royal Navy in those warm and contested eastern waters. Typically, the only events most of us hear of are the disastrous losses of Singapore and of the warships Prince of Wales and Repulse, the latter blamed on Winston Churchill. We read of ossified naval thinking in the 1930s, of inadequate preparation and procurement muddle, symptomatic of inevitable national

Thursday

Martin Vander Weyer

In Trump’s Texas, the oil men awaken to hope of new prosperity

 Houston, Texas It’s hard to find anyone in polite society here who admits to having voted for Trump, even among the oil men. But 4.7 million Texans did so, giving him 53 per cent of the popular vote. In redneck rural counties the Donald carried four fifths of the ballot, but Hillary Clinton was ahead in urban Houston, whose citizens pride themselves on good relations between white, black and Latino communities and on the welcome they offer to newcomers — including, a decade ago, a quarter of a million refugees from hurricane-hit New Orleans. But still this is predominantly an oil town, and an industry that has suffered losses and slashed

Thursday

Taki

High life | 3 November 2016

Sixty years ago this week all hell broke loose: Soviet tanks rumbled into Budapest and put down a nationalist uprising in a very bloody manner. Down south Anglo-French paratroopers jumped into the Sinai and, in cahoots with the Israelis, took over the Suez Canal in a last gasp of colonialism by the Europeans. And in Washington DC a very peed-off President Eisenhower ordered the Anglo-French to go home or else. They went home and only the Israelis howled that Ike was an anti-Semite and many other things. And where was your intrepid foreign (future High life) correspondent while all this was going on? On an aeroplane flying from New York

Thursday

Lloyd Evans

Ziggurat of bilge

Ella Hickson’s new play analyses our relationship with oil using the sketch format. First, there’s a candlelit soap opera set in Cornwall, in 1889, with a lot of ooh-arr bumpkins firing witless insults at each other. Next, a bizarre Persian scene, set in 1908, where a Scottish footman (who uses the celebrated Edwardian colloquialism ‘OK’) rescues a ditzy waitress from a sex-maniac serving in the British army. Then we move to Hampstead, in 1970, where a female oil magnate is visited by a Libyan diplomat seeking to nationalise her wells by waving documents at her, in her kitchen, while teenage kids pop in and out performing oral sex on each

Thursday

Martin Vander Weyer

Oil prices will drift down again as Opec fails to get its act together

How many Olympic medals did Opec win? The answer (though I’ll bet no one else has bothered to work this out) is 15, or an average of 1.07 medals per member of the world’s leading oil-producer cartel. That result — boosted, I should add, by the five-medal triumph of the Iranian wrestling team — compares with the now notorious aggregate figure of 325 for the EU, including Team GB’s 67. I highlight the contrast only to make the point that, as power blocs go, resource-rich Opec is piss-poor at managing its affairs to advantage: the indolent leadership of the Saudis (Rio medals: zero) and their permanent stand-off with Iran means

Thursday

Martin Vander Weyer

We are where we are, clinging to the life raft of cliché

My column calling Brexit campaigners ‘hooligans’ and ending ‘Reader, I voted Remain’, caused quite a stir — coinciding as it did with The Spectator’s eloquent call for Leave. ‘Pathetic,’ spat a famous columnist encountered in the street. ‘Your words and Farage’s poster resonated so much that I (reluctantly) voted Remain,’ emailed a broadcaster who had previously given me a talking-to on the virtues of freedom. ‘I quite like being a hooligan,’ declared a Leaver on Facebook, alongside a selfie with the Boris-bus emblazoned ‘We send the EU £50 million a day.’ ‘Did someone else write your last paragraph?’ growled a veteran politico a day before the poll. ‘We thought you

Thursday

Martin Vander Weyer

Despite rumours to the contrary, the high-speed loco has left the drawing board

There’s a lot of negativity around HS2, and I sniff a Brexit connection. You might think Leave campaigners whose aim is to boost British self-belief would promote the idea that we have a talent for grands projets such as the Olympic Park and Crossrail, rather than a propensity to deliver half what’s promised at double the cost. But there’s also an overlap between Tory MPs opposed to the northbound high-speed rail link, usually because it bisects their constituencies, and Tory MPs opposed to the government on the EU referendum. So I suspect that’s where the trouble lies. The spin is that cabinet secretary Sir Jeremy Heywood is reviewing the project

Thursday

Harry Mount

The unlikely oilman

Algy Cluff is the longest-serving oilman in the North Sea. He was one of the first to drill for oil there, in 1972, and at the last government handout of drilling licences, two years ago, there he was again, making a handsome gas discovery. Now 76, he’s also the least likely oilman you can imagine. Tall, rangy, dressed in Savile Row pinstripes; he is no J.R. Ewing. His diffident, patrician voice is so gentle that I have to turn my tape recorder up to transcribe this interview. Cluff’s Who’s Who entry lists membership of 11 clubs. But there is no clubman stuffiness about him. He’s full of wonderful anecdotes, many

Thursday

Alexander Chancellor

Long life | 21 April 2016

As we prepare in Britain for our momentous referendum in June, Italy has just had one. It happened last Sunday while I was on holiday in Tuscany, and it was about as futile an exercise in democracy as there could be. Italy has lots of referendums. They come in two kinds. First, there is the constitutional referendum, which is used to approve any change to the constitution that has been passed twice by both houses of parliament. Then there is the popular referendum, which is held by popular demand to request the abolition of the other kinds of law that parliament has enacted. Constitutional referendums are rare. Since the famous

Thursday

James Forsyth

The Amber express

Amber Rudd isn’t a flashy politician; her office at the Department for Energy and Climate Change has almost no personal touches. She has a poster on the wall for the new Edinburgh tram (she was a student there). Her one concession to vanity is a framed ‘Minister of the Year’ award from this magazine: awarded for uprooting the legacy of the Liberal Democrat energy policy and being (in the words of the commendation) the ‘slayer of windmills’. It was, perhaps, an exaggeration: she hasn’t brought down any of Britain’s 5,215 onshore wind turbines. But she has been busy pruning back the green subsidies that her department had become used to

Thursday

Harry Mount

Trudeau family values

   Quebec City Canada is about to hit a new high. If the supercute 44-year-old prime minister, Justin Trudeau, has his way, marijuana will soon be legally available. Trudeau himself is no pothead. He last had a joint in 2010 at a family dinner party, with his children safely tucked up in bed at their grandmother’s house. Still, it is a typical policy for the Liberal leader — headline-grabbing, progressive, fashionable. To call Trudeau a press darling is an understatement. The man is a global PR sensation. Only this week, he had himself snapped with two panda cubs — ‘Say hello to Jia Panpan & Jia Yueyue,’ he tweeted —

Thursday

Matthew Lynn

The debt monster

Just after last year’s general election, George Osborne delivered a budget that he hailed as proof that his policies were working. ‘The British economy I report on today is fundamentally stronger than it was five years ago,’ he crowed, as he started to detail the record number of jobs created and a growth rate that had accelerated past our neighbours. ‘Our long-term economic plan is working. But the greatest mistake this country could make would be to think all our problems are solved.’ As it turns out, this final sentence summed things up the best. There was growth but a whole lot of debt as well. The national debt today

Thursday

The Spectator

Portrait of the week | 18 February 2016

Home David Cameron, the Prime Minister, spent time in Brussels before a meeting of the European Council to see what it would allow him to bring home for voters in a referendum on Britain’s membership of the European Union. The board of HSBC voted to keep its headquarters in Britain. Sir John Vickers, who headed the Independent Commission on Banking, said that Bank of England proposals for bank capital reserves were ‘less strong than what the ICB recommended’. The annual rate of inflation, measured by the Consumer Prices Index, rose to 0.3 per cent in January, compared with 0.2 per cent in December. Unemployment fell by 60,000 to 1.69 million. A

Thursday

The Spectator

Barometer | 21 January 2016

Roll out the barrel The price of crude oil dropped below $30 a barrel. Why do we measure it in barrels? — A standard barrel for the purposes of measuring oil is 42 US gallons or 35 imperial gallons. This was the size of a ‘tierce’, a unit for measuring wine in medieval England. — When demand for kerosene provoked an oil rush in Pennsylvania in 1859, producers were so desperate for vessels that they used all kinds of containers. — In August 1866, however, producers met in the town of Titusville to agree on a standard measure. A 42-gallon barrel of oil weighed 300lb:  just enough, it was found,