Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft – Russia’s state-owned oil company – to extend and deepen their relationships for energy exploration. The U.S. slapped sanctions on Rosneft’s CEO […]
Exxon and BP Defy White House Read More »
The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping
Bursting the California Shale Bubble Read More »
A major gas deal between Russia and China could finally be sealed this week when Russian President Vladimir Putin visits China on May 20-21 and meets with President Xi Jinping. In the lead up to Putin’s arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas
Russia’s Weakened Hand Could Pay Off For Beijing In Major Gas Deal Read More »
By Marin Katusa, Chief Energy Investment Strategist On July 1, 1911, a German gunboat named Panther sailed into the port of Agadir, Morocco, and changed history. For the previous two decades, a faction within the British Admiralty had called for the navy to switch from coal-fired ships to ones powered by a new fuel. Admiral John Fisher,
How a Big Cat Started Europe’s Addiction to Oil Read More »
The FED Thinks it has a “Magic Wand” that can boost the economy and solve all of our country’s problems. But as interest rates near zero… Housing is a major portion of GDP and lower interest rates make housing more affordable, thus boosting the economy but there is an actual limit to how low-interest rates can go and a theoretical limit to how long they can stay at zero.
Yellen’s Wand Is Running Low on Magic Read More »
Riddle me this: Why would anyone ever buy junk bonds or a junk bond fund? Before we get to the answer, I would like to point something out that seems to be a given, but that astonishingly few investors think about: bonds are debt instruments, so investing in bonds means investing in debt, governmental or corporate.
How to Find Junk Bonds That Don’t Stink Read More »
