Login

Energy & Commodities

Oil & Pegs

Share on Facebook Tweet on Twitter

Posted by Martin Armstrong - Armstrong Economics

on Wednesday, 31 May 2017 08:01

Oil-Platform

QUESTION: First question: Disappointed I have not heard an opinion concerning OPEC’s continuation of reducing oil out put. Can the US shale drillers fill the void and or can the Canadian and Mexican producers ramp up any shortfall into the US

Second Question: What is your opinion on the Chinese Yuan being pegged to the US dollar. In the past you have always stated that “pegs can’t survive” i.e Swiss Franc to the Euro.

Electric-Cars
 

ANSWER: Supply really has little to do with the price. The real issue is demand. Electric cars are coming rapidly. I have a BMW hybrid I8 sports car and it is fantastic. It is the fastest sports car I have ever owned off the line. It has two engines a gas and electric and this technology is being expanded to all models. My neighbor has a Tesla and that is fine for local use. Tesla vehicles are currently the only battery electric cars you can buy in the that have an official range of more than 200 miles per charge. When I went to Amsterdam, the taxis are Teslas. Europe is moving toward electric cars faster than the States.



Read more...

Banner

Energy & Commodities

Flammable Ice

Share on Facebook Tweet on Twitter

Posted by Martin Armstrong - Armstrong Economics

on Tuesday, 23 May 2017 07:35

flammable-ice

The big story in Asia has been that China made a major breakthrough being able to extract gas from what people call “Flammable Ice” located under the South China Sea. This has been at the core of China’s insistence on controlling the area.This is an important future global energy supply and not merely a territorial power grab.

Flammable Ice is actually methane hydrates that hold vast reserves of natural gas. The biggest challenge has been the mining and extracting because they are located under the seabed. We are looking at anther major advancement in the expansion of energy reserves for the world.



Read more...

Banner

Energy & Commodities

Weekly Oil Markets Recap - Calm Before The Storm, Short-Sellers Are Getting Complacent

Share on Facebook Tweet on Twitter

Posted by Seeking Alpha

on Monday, 22 May 2017 07:32

Summary

WTI finished the week up 5.92%.

Short-sellers are getting complacent again with the recent CFTC position disclosure.

The squeeze this time is going to hurt more than ever as oil makes 52-week highs over the next month.

Welcome to the weekly oil markets recap edition of Oil Markets Daily!

WTI finished the week up 5.92%.

5006891 14953133166010 rId4

WTI managed to notch two weeks straight of price gains and closed above ....continue reading HERE



Banner

Energy & Commodities

Crude Awakening: The Global Black Market for Oil

Share on Facebook Tweet on Twitter

Posted by Visual Capitalist

on Monday, 15 May 2017 14:43

Screen Shot 2017-05-15 at 2.18.23 PM

The value of the crude oil production alone is worth a staggering $1.7 trillion each year. Add downstream fuels and other services to that, and oil is a money-making machine.

Both companies and governments take advantage of this resource wealth. More of the world’s largest companies work in the oil patch than any other industry. At the same, entire government regimes are kept intact thanks to oil revenues.

The only problem when an industry becomes this lucrative?

Eventually, everybody wants a piece of the pie – and they’ll do anything to get their share.



Read more...

Banner

Energy & Commodities

The Top Producing Diamond Mines In 2016

Share on Facebook Tweet on Twitter

Posted by Mining.com

on Thursday, 11 May 2017 09:14

While diamond industry experts warn that demand is expected to outstrip supply as early as 2019, the largest mines keep producing the coveted rocks at full steam.

Here are last year’s top 10 diamond mines in terms of output and value, based on data compiled by expert Paul Zimnisky.

dia1005A

(Image courtesy of De Beers Group.)

1. Jwaneng, Botswana

Produced 11,975,000 carats, worth $2,347 million
Jwaneng, the richest diamond mine in the world, is located in south-central Botswana in the Naledi river valley of the Kalahari. It’s 2 kilometres across at its widest point and patrolled by colossal 300-tonne trucks that labour up the terraced slopes.
Nicknamed "the Prince of Mines", Jwaneng was opened in 1982, as the diamond trade helped Botswana go from being one of the world’s poorest countries to one of Africa's wealthiest.

Sunrise at Yubileyny open-pit. (Image by Ruslan Akhmetsaphin | ALROSA.)

2. Jubilee, Russia



Read more...

Banner

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >> Page 8 of 204

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Our Premium Service:
The Inside Edge on Making Money

Latest Update

To BEAT the market, you cannot BE the market.

Recently we attended an investor conference in Toronto. One of the questions we frequently get at these events is how many stocks one should...

- posted by Ryan Irvine

Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Ozzie Jurock Mark Leibovit Greg Weldon Ryan Irvine