21.9.07
To Mr. Buckee's point, some of the world's biggest oil fields are limping into the geriatric ward
http://www.theglobeandmail.com/servlet/story/LAC.20070921.IBREGULY21/TPStory/Business
Saturday, September 22, 2007
Helicopter Ben Earns His Wings
21.9.07
Coming at a time when rate increases were needed to combat the sinking dollar and surging gold, oil and other commodity prices, Ben Bernanke's 50 basis point cuts in the Fed funds and discount rates this week may go down as the most irresponsible move in Fed history
http://www.safehaven.com/article-8463.htm
Coming at a time when rate increases were needed to combat the sinking dollar and surging gold, oil and other commodity prices, Ben Bernanke's 50 basis point cuts in the Fed funds and discount rates this week may go down as the most irresponsible move in Fed history
http://www.safehaven.com/article-8463.htm
Are we headed for an epic bear market?
21.9.07
He's not sure if it will play out like the 13-year decline of 90% in Japan from 1990 to 2003 that followed the bursting of a credit bubble there, or like the 15-year flat spot in the U.S. market from 1960 to 1975. But either way, he foresees hard times as an optimistic era of too much liquidity, too much leverage and too much financial engineering slowly and inevitably deflates.
http://articles.moneycentral.msn.com/Investing/SuperModels/AreWeHeadedForAnEpicBearMarket.aspx
He's not sure if it will play out like the 13-year decline of 90% in Japan from 1990 to 2003 that followed the bursting of a credit bubble there, or like the 15-year flat spot in the U.S. market from 1960 to 1975. But either way, he foresees hard times as an optimistic era of too much liquidity, too much leverage and too much financial engineering slowly and inevitably deflates.
http://articles.moneycentral.msn.com/Investing/SuperModels/AreWeHeadedForAnEpicBearMarket.aspx
Wednesday, September 19, 2007
Chief strategist at CLSA predicts record gold run
19.9.07
According to Christopher Wood, chief strategist at the broker CLSA, market ructions and a collapse of the dollar could send gold prices to more than $3,400 an ounce within the next three years
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2485085.ec
According to Christopher Wood, chief strategist at the broker CLSA, market ructions and a collapse of the dollar could send gold prices to more than $3,400 an ounce within the next three years
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2485085.ec
Saturday, September 15, 2007
Concerns of Oil Super Spike
14.9.07
Johannesburg - Supply worries pushed oil to a record high of $80 a barrel this week, adding fuel to Investec fund manager Tim Guinness' predictions that a "supply crunch" could result in oil prices hitting $150 a barrel by 2010
Somehow it seems hard to believe that just three years ago Deutsche Bank analysts were forecasting a 2010 oil price of $24 a barrel. What were they thinking?
Comment from Fritz: The DB forecast only shows what I have been saying for years now. It does make a lot more sense to read and believe in the opinions and statistics of people from ASPO (Campbell, Aleklett etc). It makes a lot more sense to listen to real experts with years of experiance in the oil sector, than listen to some so called expert, an economist who has no idea of oil at all. Unfortunately there are still many of these so called expert analyst out there.
http://www.busrep.co.za/index.php?fArticleId=5020649
Johannesburg - Supply worries pushed oil to a record high of $80 a barrel this week, adding fuel to Investec fund manager Tim Guinness' predictions that a "supply crunch" could result in oil prices hitting $150 a barrel by 2010
Somehow it seems hard to believe that just three years ago Deutsche Bank analysts were forecasting a 2010 oil price of $24 a barrel. What were they thinking?
Comment from Fritz: The DB forecast only shows what I have been saying for years now. It does make a lot more sense to read and believe in the opinions and statistics of people from ASPO (Campbell, Aleklett etc). It makes a lot more sense to listen to real experts with years of experiance in the oil sector, than listen to some so called expert, an economist who has no idea of oil at all. Unfortunately there are still many of these so called expert analyst out there.
http://www.busrep.co.za/index.php?fArticleId=5020649
Dollar's retreat raises fear of collapse
13.9.07
Finance ministers and central bankers have long fretted that at some point, the rest of the world would lose its willingness to finance the United States' proclivity to consume far more than it produces - and that a potentially disastrous free-fall in the dollar's value would result.
http://www.iht.com/articles/2007/09/13/news/econ.php
Finance ministers and central bankers have long fretted that at some point, the rest of the world would lose its willingness to finance the United States' proclivity to consume far more than it produces - and that a potentially disastrous free-fall in the dollar's value would result.
http://www.iht.com/articles/2007/09/13/news/econ.php
Northern Rock customers queue for cash as crisis hits high street
14.9.07
The credit crisis spilled onto Britain's high streets today as worried Northern Rock customers queued up to withdraw their savings
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=XBV5D2AH3XHJZQFIQMGCFFOAVCBQUIV0?xml=/money/2007/09/14/bcnnorth414.xml
What financial institution is next in the Domino? Countrywide?
The credit crisis spilled onto Britain's high streets today as worried Northern Rock customers queued up to withdraw their savings
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=XBV5D2AH3XHJZQFIQMGCFFOAVCBQUIV0?xml=/money/2007/09/14/bcnnorth414.xml
What financial institution is next in the Domino? Countrywide?
Tuesday, September 11, 2007
Letter from an employee in the British oil industry
10.9.07
Letter to Kunstler
As someone who works in the UK oil industry, I thought you might be interested in a view of how prepared the UK is for possible (!) future oil shortages
http://www.kunstler.com/Grunt_UK_oil.html
Letter to Kunstler
As someone who works in the UK oil industry, I thought you might be interested in a view of how prepared the UK is for possible (!) future oil shortages
http://www.kunstler.com/Grunt_UK_oil.html
fishery collapse in the North Sea
10.9.07
Once they were a national treasure chest, teeming with fish and wildlife. Now the waters of the North Sea are quiet, almost dead
http://society.guardian.co.uk/societyguardian/story/0,,2162131,00.html
Once they were a national treasure chest, teeming with fish and wildlife. Now the waters of the North Sea are quiet, almost dead
http://society.guardian.co.uk/societyguardian/story/0,,2162131,00.html
THE CONTINUING CRISIS
11.9.07
In all our publications, we have recently taken a good, hard look at several facets of the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/0910.html
In all our publications, we have recently taken a good, hard look at several facets of the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/0910.html
History Should Serve As A Guide To This Wild Ride
11.9.07
Does this mean that the bull market is over? No. As long as the fundamentals are still intact, you can expect commodities to continue their bull run. And it is precisely for this reason that you must understand the fundamentals that are driving this commodity bull market."
http://www.safehaven.com/article-8389.htm
Does this mean that the bull market is over? No. As long as the fundamentals are still intact, you can expect commodities to continue their bull run. And it is precisely for this reason that you must understand the fundamentals that are driving this commodity bull market."
http://www.safehaven.com/article-8389.htm
Monday, September 10, 2007
FED: Putting Out Fire with Gasoline
10.9.07
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1
Sunday, September 9, 2007
THE END OF A 300 YEAR PONZI SCHEME
3.9.07
Panic struck on Wall Street, as the Dow Jones Industrial Average plunged a thousand points between July and August, and commentators warned of a 1929-style crash. To prevent that dire result, the U.S. Federal Reserve, along with the central banks of Europe, Canada, Australia and Japan, stepped up to the plate and extended a 315 billion dollar lifeline to troubled banks and investment firms.
http://www.webofdebt.com/articles/market-meltdown.php
Panic struck on Wall Street, as the Dow Jones Industrial Average plunged a thousand points between July and August, and commentators warned of a 1929-style crash. To prevent that dire result, the U.S. Federal Reserve, along with the central banks of Europe, Canada, Australia and Japan, stepped up to the plate and extended a 315 billion dollar lifeline to troubled banks and investment firms.
http://www.webofdebt.com/articles/market-meltdown.php
Saturday, September 8, 2007
Panic Speaks Louder Than Words
6.9.07
From the US ro Venezuela, lot's of problems
http://globaleconomicanalysis.blogspot.com/2007/09/panic-speaks-louder-than-words.html
From the US ro Venezuela, lot's of problems
http://globaleconomicanalysis.blogspot.com/2007/09/panic-speaks-louder-than-words.html
Financial Storm
29.8.07
It is impossible to speculate how long today's turmoil will last-but there now exists an uncertainty and lack of confidence that has been unparalleled since the 1930s-and this ignorance and fear is itself a crucial factor. The moment of reckoning for bankers and bosses has arrived. What is very clear is that losses are massive and the entire developed world is now experiencing the worst economic crisis since 1945, one in which troubles in one nation compound those in others
http://www.zmag.org/sustainers/content/2007-08/29kolko.cfm
It is impossible to speculate how long today's turmoil will last-but there now exists an uncertainty and lack of confidence that has been unparalleled since the 1930s-and this ignorance and fear is itself a crucial factor. The moment of reckoning for bankers and bosses has arrived. What is very clear is that losses are massive and the entire developed world is now experiencing the worst economic crisis since 1945, one in which troubles in one nation compound those in others
http://www.zmag.org/sustainers/content/2007-08/29kolko.cfm
Will Derivatives Wipe Out Some Currencies?
6.9.07
Over the last several years, there has been a lot of discussion about the size of the derivatives market, and how much it has grown since 1990. That market was around $20 trillion in size in ‘90, and now is estimated by the BIS to exceed $600 trillion world wide
http://www.kitco.com/ind/Laird/sep062007.html
The amount of the derivatives is clearly too high especially taking into account that approximately 80% are related in some way to interests or currencies. This is clear gambling a la Las Vegas.
Over the last several years, there has been a lot of discussion about the size of the derivatives market, and how much it has grown since 1990. That market was around $20 trillion in size in ‘90, and now is estimated by the BIS to exceed $600 trillion world wide
http://www.kitco.com/ind/Laird/sep062007.html
The amount of the derivatives is clearly too high especially taking into account that approximately 80% are related in some way to interests or currencies. This is clear gambling a la Las Vegas.
Uranium
8.9.07
Several factors resulted in producing a rather large pull back in Uranium bullion prices. The main reason as usual was not a normal factor; in other words it was due to government intervention and manipulation.
http://www.safehaven.com/article-8368.htm
Several factors resulted in producing a rather large pull back in Uranium bullion prices. The main reason as usual was not a normal factor; in other words it was due to government intervention and manipulation.
http://www.safehaven.com/article-8368.htm
TOO BIG TO BE BAILED OUT
7.9.07
Even without the incentives of a government bailout luring more people into default, policy makers simply have no idea as to the scope of the problem.
http://www.financialsense.com/fsu/editorials/schiff/2007/0907.html
Even without the incentives of a government bailout luring more people into default, policy makers simply have no idea as to the scope of the problem.
http://www.financialsense.com/fsu/editorials/schiff/2007/0907.html
Tuesday, September 4, 2007
Massive airstrikes against 1,200 targets
2.9.07
Various military exercises have been conducted, starting in early 2005
http://www.globalresearch.ca/index.php?context=va&aid=6668
Various military exercises have been conducted, starting in early 2005
http://www.globalresearch.ca/index.php?context=va&aid=6668
The Energy Emergency
2.9.07
The world has to discover a new Saudi Arabia-size oil supplier every five years to meet this demand. But it's just not going to happen. These overwhelming numbers could produce oil prices above $100 a barrel in short order, which will ultimately have massive consequences for the world's economy and the way we live our lives.
http://www.usnews.com/usnews/opinion/articles/070902/10edit.htm
The world has to discover a new Saudi Arabia-size oil supplier every five years to meet this demand. But it's just not going to happen. These overwhelming numbers could produce oil prices above $100 a barrel in short order, which will ultimately have massive consequences for the world's economy and the way we live our lives.
http://www.usnews.com/usnews/opinion/articles/070902/10edit.htm
Richard Heinberg, Peak everything
Sept.07
Nor does the matter end with natural gas and coal. Once one lifts one's eyes from the narrow path of daily survival activities and starts scanning the horizon, a frightening array of peaks comes into view
http://www.richardheinberg.com/museletter/185
Nor does the matter end with natural gas and coal. Once one lifts one's eyes from the narrow path of daily survival activities and starts scanning the horizon, a frightening array of peaks comes into view
http://www.richardheinberg.com/museletter/185
Global food crisis looms as climate change and population growth strip fertile land
31.8.07
Climate change and an increasing population could trigger a global food crisis in the next half century as countries struggle for fertile land to grow crops and rear animals, scientists warned yesterday.
http://www.guardian.co.uk/environment/2007/aug/31/climatechange.food
Climate change and an increasing population could trigger a global food crisis in the next half century as countries struggle for fertile land to grow crops and rear animals, scientists warned yesterday.
http://www.guardian.co.uk/environment/2007/aug/31/climatechange.food
Sunday, September 2, 2007
Comptroller General warns (again), we're 'bankrupting America'
27.8.07
Except for a short piece in London's Financial Times, Walker's warnings were generally ignored by the American press, by the public and even by the very Congress that hired him and has the power to do something, yet still refuses to heed his warnings.
http://www.marketwatch.com/news/story/if-we-rome-wall-street/story.aspx?guid=%7BE71DF12D%2D6F67%2D4D51%2D8A77%2D1AA17A4C57BC%7D
Except for a short piece in London's Financial Times, Walker's warnings were generally ignored by the American press, by the public and even by the very Congress that hired him and has the power to do something, yet still refuses to heed his warnings.
http://www.marketwatch.com/news/story/if-we-rome-wall-street/story.aspx?guid=%7BE71DF12D%2D6F67%2D4D51%2D8A77%2D1AA17A4C57BC%7D
Venezuela -- Aló Presidente!
29.8.07
Venezuela's production has declined since 2000, and the country is home to the world's largest unconventional resource under development, the Orinoco extra-heavy crude. A lot is at stake in Venezuela, so it is prudent to assess the risk there now and down the road. Do Venezuela's policies affect the peak of global oil production?
http://www.aspo-usa.com/index.php?option=com_content&task=view&id=202&Itemid=91
Venezuela's production has declined since 2000, and the country is home to the world's largest unconventional resource under development, the Orinoco extra-heavy crude. A lot is at stake in Venezuela, so it is prudent to assess the risk there now and down the road. Do Venezuela's policies affect the peak of global oil production?
http://www.aspo-usa.com/index.php?option=com_content&task=view&id=202&Itemid=91
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