Salient to Investors: Fareed Zakaria said: The last time oil fell more than 50% in less than a year, in the 1980s, the Soviet Union collapsed. Saudi Arabia wants to put American shale and tight oil producers out of business, but they have survived using technology and smart business practices.
READ MORE... →Salient to Investors: David Stockman writes: The central banks have shot their wad after increasing their aggregate balance sheet from $3 trillion to $22 trillion over the last 15 years, which falsified financial prices. The coming deflation will bring a plunge in corporate profits and collapsing prices of vastly inflated risk asset classes. The
READ MORE... →Salient to Investors: Harry Dent writes: All the signs point to the end of the global bubble. The greatest trigger will be the bursting of the massive, unprecedented China bubble. China’s stock market loss of 35% in less than 30 days signals its stock bubble has peaked: a drop of 30% to 40%
READ MORE... →Salient to Investors: Iran would be a superpower in global energy markets if reserves in the ground were the measuring stick – only Russia has more oil and gas reserves. The CIA reports proven natural gas reserves in 2014 (in cubic metres) in Russia were 47,800,000,000,000, in Iran 33,800,000,000,000, in Qatar 25,070,000,000,000, in the US 8,734,000,000,000, in Saudi Arabia 8,235,000,000,000. Jamie Ingram
READ MORE... →Salient to Investors: Mark Wiseman et al at Goldman Sachs said: LNG projects in Africa, Canada and Australia face delays or cancellations as global demand slows, US output increases, nuclear reactors restart in Japan, China’s success in shale-gas E&P, and economic conditions in ASEAN. Global demand will compound at 5%
READ MORE... →Salient to Investors: IEA said global oil demand growth in 2014 will be the weakest since 2011, as the US shale boom causes oil production from non-OPEC rises by the most since the 1980s. China will account for 11%, the US 21% of demand in 2014. Mike Wittner at Societe
READ MORE... →Salient to Investors: Most oil drillers are spending money faster than they make it; an average of $1.17 for every dollar earned in the 12 months ended on June 30, 2014. Only 7 US-listed firms in the Bloomberg Intelligence’s E&P index made more money than it cost them to keep
READ MORE... →Salient to Investors: Jim Rogers writes: Do not sell any kind of energy, especially oil and gas, because of the many geopolitical risks ahead, and because the supply/demand situation means we will need more energy over the next decade or two. Read the full article at http://jimrogersonthemarkets.blogspot.com/ Click here to receive
READ MORE... →Salient to Investors: Jim Rogers writes: The price of oil and natural gas and energy will surprise on the upside and for longer than expected because known reserves of oil are declining worldwide and no new elephant oil fields have been discovered in decades. Read the full article at http://jimrogersonthemarkets.blogspot.com/ Click
READ MORE... →Salient to Investors: Austin Holland at the Oklahoma Geological Survey said the state experienced its 109th earthquake of a magnitude 3 or higher on April 6, matching the total for all of 2013. Reports have become more frequent from Texas to Ohio of earthquakes linked to wells that drillers use
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