2016-02-19: Rising raw-materials prices are typically bad news for most stocks. Not any more.
Di norma non mi appassiono alle questioni italiane, specie se parliamo di politica. Ma questo referendum sulle trivelle, toccando tematiche di materie prime e geopolitica ha attratto la mia attenzi
Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund: Figure 2 shows world economic growth on a different basis--a basis that appears to me to be very close to total world GDP, as measured in
Google for "US energy independence" and you will get 134k results, "US self sufficiency" yields 10k results. Here are some examples of what the media reports: In Aljazeera's Inside Story,...
2016/01/12: a story that passed largely unnoticed in our American world. Sitting atop some of the planet's great oil reserves and getting 73% of their revenues from oil sales (income that dropped by 23% last year), the Saudi royals just hiked the domestic price of gas at the pump by 40%. Though it still remains dirt cheap by global standards, that act -- which is like charging for salt water in the middle of the ocean -- is an indication that something startling is going on. And note that, in the years to come, that kingdom's rulers are planning to cut back on similar subsidies for “electricity, water, diesel, and kerosene.” In other words, the world’s largest oil producer and a country of striking wealth (and foreign reserves) no longer feels comfortable giving away gas to its own population, even though this is part of a bargain it struck long ago for peace in the kingdom.
And the reason for this has little to do with Iran or Syria or Yemen or Iraq or the Islamic State. The problem is far more basic, as TomDispatch’s resident energy expert Michael Klare points out today. It’s the price of oil, which in the last 18 months has dropped through the floor. In a sense, the oil business -- with its constellation of giant energy firms, until recently among the most profitable companies in history, and its energy-producing states, until recently riding high -- may prove to be the natural-resource equivalent of a failed state, and, as Klare makes clear, the changing economics of oil will transform the political face of the planet. So keep your eye on Saudi Arabia. Things there could get ugly indeed.
Nel giorno in cui il petrolio è calato per la prima volta dal 2003 sotto i 30 dollari al barile, si è diffusa la notizia che la Russia ha deciso di tagliare la spesa pubblica del 10% perché gli introiti dalla vendita di idrocarburi stanno calando a picco. Lo hanno rivelato due fonti dell'esecutivo a Reuters. I tagli
While Saudi officials contemplate whether or not to sell shares in their massive energy company - Aramco, some experts suggest that Riyadh may have underestimated Western investors' concerns about the company's secrecy, corruption, and the global oil glut.
The Petrodollar, long serving as the US leverage to encourage and facilitate USD recycling, and a steady reinvestment in US-denominated assets by the Oil exporting nations, and thus a means to steadily increase the nominal price of all USD-priced assets, just drove itself into irrelevance. A consequence of this year's dramatic drop in oil prices, the shift is likely to cause global market liquidity to fall. This decline follows years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling. But no more: "this year the oil producers will effectively import capital amounting to $7.6 billion.
Iran hopes its oil exports will return to the pre-sanctions level of 2.5 million barrels a day within the next three months once a deal with major powers to lift an oil embargo is finalized, the country's deputy oil minister said on Monday.
The Russian economy withstood the sanction pressure, Vladimir Putin stated.
The Goldilocks zone has ceased to exist for oil. This will have staggering consequences throughout the economy for the foreseeable future.
Multinationals have long depended on an endless demand for their product. Now they're scrambling for a new model
February 11, 2015 The front page of The Wall Street Journal on Tuesday, February 10 proclaimed "Oil-Price Rebound Predicted" according to the IEA (International Energy
This is a once-in-a-generation opportunity for climate activists to attack Big Oil while it's weak and shift us toward cleaner energy.
The United States is banking on decades of abundant natural gas to power its economic resurgence. That may be wishful thinking.
Recent developments are beginning to undermine the supremacy of the world's long-running energy information duopoly and its perennially opti...
Iran has repeatedly - and yet unsuccessfully - asked Saudi Arabia to trim its oil production this month so that Tehran could make some cash on higher crude prices.