Cartel Archives - Financial Trend Forecaster

New Oil Cartel Threatening OPEC

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.

“The timing is right. The boom in U.S. oil and gas production gives us greater leverage against OPEC,” the Times of India quoted an Indian official as saying last month after the formal start of said talks. The two countries, after all, account for a combined 17 percent of global oil consumption and they are the ones that would be the hardest hit if prices rise as a result of OPEC’s actions.

The End of the Longest Running War in the Americas

2 Comments / South America / By Guest Contributor

Today, a violent Colombia is just a Hollywood fiction. The real Colombia has one of the fastest-growing economies in Latin America. Some remote areas are still no man’s land. But the drug wars and civil conflict that started in the 1960s and tormented much of the country have wound down. I’d feel much safer walking down a street in Medellín tonight than I would in many parts of New York City, Chicago, or Washington, D.C. Plus, unlike most Latin American countries, Colombia welcomes and respects foreign investment.

It’s clear to anyone who has been there recently that Colombia has turned a page to a better future. The country has immense charm and plenty of opportunity for investors. That was certainly my impression after visiting earlier this year.

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