Oil Diplomacy to the Rescue? Cuban Drilling off Florida Keys to Begin by End of the Year
For 51 years the U.S. has imposed an economic embargo against Cuba, severely crippling the island’s economy for its effrontery in choosing a socialist path for development, a policy confirmed and intensified in the wake of the 1962 Cuban Missile Crisis.
Now the unlikeliest of economic interests may be bringing the two countries closer together – oil.
U.S. - Venezuelan Relations - Just “Frozen” or Beyond Repair?
According to the U.S. Energy Administration, two months ago the United States total crude oil imports averaged 9,033 thousand barrels per day (tbpd), with the top five exporting countries being Canada (2,666 tbpd), Mexico (1,319 tbpd), Saudi Arabia (1,107 tbpd), Venezuela (930 tbpd) and Nigeria (918 tbpd.)
The Aftermath of the Kyrgyz Revolution - The Lesser Players
The extraordinary events of last week in Kyrgyzstan, which saw the overthrow of President Kurmanbek Bakiyev’s administration by a popular uprising and its replacement by a provisional government have been portrayed by many in the "Beltway-istan" (Washington DC) as the latest tussle betwixt Russia and the U.S. in the ‘Great Game” for influence in the post-Soviet space.
Europe’s Latest Tinder Box and Global Mega Trends – The EU’s Failure (Part 1)
Where will Natural Gas Prices Go Now That Inventories Have Been Drawn Down
Mother Nature's been good to the North American natural gas sector.
Not only did she gift several massive shale gas plays over the last few years. She also delivered a frigid winter this year, helping draw down a mountain of gas inventory.
Last fall, it looked like U.S. inventories were going to be a stiff headwind for prices.
Weaker Global Equity Markets Drive U.S. Dollar Higher
Robust U.S. GDP Report Renews Interest in Higher Yielding Currencies
A better than expected U.S. Third Quarter GDP Report is sending the Dollar sharply lower at the mid-session. The Dollar was trading weaker prior to the release of the report as many traders thought this week’s rally was too much, too soon. The Dollar plunged to the downside after the report showed a robust increase of 3.5% compared to pre-report guesses of 3.2%.