Tag: Middle EastSort
Daniel Yergin and Peak Oil - Prophet or Mere Historian?
On 17 September The Wall Street Journal published a fascinating article on “peak oil,” “There Will Be Oil,” written by Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, an energy research and consulting firm and deserved recipient of Pulitzer Prize for his 1991 book, The Prize: The Epic Quest for Oil, Money and Power.
As noted by Richard Heinberg on June 22nd, 2011, the media has lacked the ability to connect the economic situations in the Middle East and their uprisings to what is happening in Europe. I would avoid the word “Revolution” in the case of the Middle Eastern uprisings, seeing as no dramatic systemic changes have taken place, only the ousting of dictators.
Orofino Gold (ORFG), News Out! Current Reports Confirm Historical Analysis - PennyOmega.com
ORFG, Orofino Gold Corp., ORFG.PK
Orofino Gold Corp. (ORFG) is a Colombian based gold producer, founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
ORFG has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
This morning the S&P 500 e-mini futures are trading higher by 7.00 points to 1299.00 per contract. The futures began to rally around 3:30 am EST when they were trading as low as 1298.25 per contract. The S&P 500 e-mini futures have now rallied higher by 59.00 points since its March 17, 2011 low pivot.
The markets are jumping higher today on the back of a commodity pull back. Oil is dropping slightly on the day as it appears Moammar Gadhafi is on the retreat. Not only has the U.N been meeting about a possible no fly zone over Libya but rumors have surfaced that the Gadhafi is trying to negotiate an exit from Libya with the opposition. As of now, the rest of the Middle East is relatively quiet.
Crude Oil Cools Off While Gold Never Even Warmed up.....Is Gold Going Lower Yet?
It seems the announcement by Egyptian President Hosni Mubarak to step down by not running for office in September has given commodity traders some reason to take pressure off of oil prices. But where was gold in all of this? Why didn't gold rocket higher like it has during every other middle east crisis over the last 60 years?
Let Them Eat Cake....That Might Be Tough With These Wheat Prices
After an initial pull back crude oil gained some strength overnight as investors seem to consider the Egypt unrest as little threat to the flow of oil through the Suez canal. It is great to play the threat of disruption in our trades but there is little proof that oil and energy is ever effected by these tense situations.
•Head of Turkmengaz Fired and Replaced with Deputy
•CYBERCOM to Go Operational This Month
•Govt Takes over Hungarian Plant after Deadly Toxic Spill
•French Transport and Oil Industry Strikes Risks Radicalization
•Bolivia to Start Lithium Production in October
•ISAF’s Torkham AfPak Border Crossing Reopened