Crude Realities And The Price Of Oil
In 2010 the world consumed about 88.2 million barrels of oil per day–2.7 million barrels per day more than in 2009. Whether you look at the incremental increase in demand or the percentage gain, oil demand in 2010 increased at the second-fastest pace in 30 years. Much of this rebound stemmed from the snap-back in consumption that followed the severe 2008-09 recession. But the magnitude of this recovery took many analysts and industry participants by
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Allana Discovers More Potash in Ethiopia
Allana Potash Corp announced on Tuesday that it has intersected three zones of strong potash mineralization in hole DK-11-28, found in the northwestern region of the company’s potash concession in Ethiopia. Allana is encouraged by the consistently strong potash mineralization seen in the results from the northwestern part of its concession according to Farhad Abasov President and CEO…READ MORE. My Take: I highlight Allan Potash on this site for a number of reasons. For one,
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Almost Half of US Viewers Watch Online Video
Roughly half (48%) of Americans now watch video online, compared to 10% for mobile and 97% for traditional TV, according to the latest findings of Nielsen State of the Media Q2 report. Mobile subscribers watching video on their phone increased approximately 36% since Q2 2010, and watching video on the internet continued to flourish. Interestingly, the new screens do not impact the time spent viewing traditional television, which saw an increase of 2 hours 43
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Discount Oil on Sale Now
Canada is sitting on the second-largest reserves in the world. When you’re talking about oil investing, you’re really talking about the oil sands in Canada. We have 179 billion barrels of reserves here; 175 billion—the lion’s share—are in the oil sands. The beauty of investing in oil-sands assets right now is that they’re cheap. Oil is trading roughly in the $80 to $90 range right now, but the equities are discounting $70 oil…READ MORE.
The “New Normal” Is About As Good As It’s Going To Get
There are no double-digit investment returns anywhere in sight for owners of financial assets. Bonds, stocks and real estate are in fact overvalued because of near zero percent interest rates and a developed world growth rate closer to 0 than the 3 – 4% historical norms. There is only a New Normal economy at best and a global recession at worst to look forward to in future years…READ MORE.
Say no to wind farms: Shale of the century
The UK Spectator has an interesting article that reaffirms the point made on this site over the past year; new drilling technologies have caused the current and projected supply of natural gas to balloon. With natural gas being a relatively green energy, especially when compared to oi and coal, the environmental and price considerations make it the clear winner in the alternative energy war. As I’ve noted before, the shift toward greater consumption of natural
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The October Edition of Market Capitalist Newsletter is Here!
What you will find inside… Perspective & an investment play on the developing world’s infrastructure growth Updated model investment portfolio Explanation of shareholder yield in relation & why it matters when evaluating a company Understanding what actually constitutes a deal in the personal finance section October 12, 2011 Newsletter
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Oil Production in North Dakota Increases Significantly
North Dakota’s daily oil production in July reached a new record high of 423,550 barrels a day from 5,756 oil wells, an increase of 40,000 barrels a day over June. Daily natural gas production reached an all time high of 427,446 MCF per day, according to the Oil Patch Hotline. If the current rate of increase continues, the state could surpass California, which now produces 540,000 barrels a day as the third largest oil producing
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Thinking About “Occupy Wall Street” Protests
We believe that the straw that broke the camel’s back and ignited the Occupy Wall Street rallies were: 1) the recent considerations by the Federal Reserve to re-initiate its inflationist, quantitative easing policies; and 2) the global, government-coordinated efforts to bail out European and even U.S. banks in the wake of the PIIGS sovereign debt crisis. The message American labor hears is: the U.S. economy is getting worse, our leaders will continue to inflate the
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