And a significant additional chunk came from marking up their Bitcoin holding. (View Post)

Ah, this is clearly some new meaning of the word "everyone" that I was previously unaware of. (View Post)

Yes: even if everything had been absolutely perfect and the budget had been unlimited, Crossrail would still have taken 10-12 years. I think I'd say Crossrail was a qualified success. (And has a… (View Post)

Just to add another thing: Even if there was no LNG, natural gas prices would still have a degree of correlation, because (a) electricity generation (which will be correlated via both interconnectors… (View Post)

He's partly right. Oil prices are completely connected because it's really easy to ship around the world, and there are thousands of oil tankers. Essentially any price "bump" will… (View Post)