Salient to Investors: Tyler Durden writes: ZIRP has allowed insolvent US oil producers to stay in business and help keep oil prices low, and now Saudi Arabia and Qatar are also tapping the credit markets. Saudi Arabia needs crude at $100 to finance their budget deficit estimated to be 20%
READ MORE... →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: Fareed Zakaria said: New America reports that, since 9-11, 74 people have been killed in America by terrorists vs. over 150,000 killed in gun homicides. ShootingTracker.com says that in the first 207 days of 2015 America had 207 mass shootings. Gunpolicy.org says America’s gun homicide rate is 50 times
READ MORE... →Salient to Investors: Robert Parry writes: Iran is not the chief instigator of instability in the Mideast, but Israel, Saudi Arabia and the US. Iran is contributing to the stability of the region and at a minimum helping to avert the worst outcomes. In Iraq and Syria, Iran is supporting internationally recognized
READ MORE... →Salient to Investors: Fareed Zakaria said: The cold war between Russia and the West over Ukraine is worsening. Saudi Arabia will not build a nuclear weapon whatever happens with Iran’s nuclear program because it cannot – oil is 44 % and manufacturing less than 10% of GDP. Saudi Arabia could not
READ MORE... →Salient to Investors: Fareed Zakaria said: The pattern of Yemen’s descent into chaos is likely to repeat, possibly in more significant countries like Egypt. That pattern is repressive, secular regimes backed by the West become illegitimate, become more repressive to survive, and whose opposition becomes more extreme, religious and violent. Learning
READ MORE... →Fareed Zakaria said: The greatest vulnerability for Israel is its legal jurisdiction over 4.5 million Arabs who have neither a state nor a vote – a situation that cannot last in a democratic society. The Stockholm IPRI says Israel’s defense budget is larger than that of Egypt, Jordan, Syria and Lebanon
READ MORE... →Salient to Investors: Fareed Zakaria said: Radical Islam is the default ideology of anger, discontent and violent opposition for a small number of alienated young Muslim men around the world. Only Muslims and particularly Arabs can cure this cancer. In the 12 years between 9/12/01 and 2013, only 42 Americans
READ MORE... →Salient to Investors: Harry Tchilinguirian at BNP Paribas estimates that Brent will be supported at $80 to $85 a barrel and could rebound to $95 by year-end because it is not in OPEC’s interest to see prices too low for too long. Analysts are split on whether OPEC will cut
READ MORE... →Salient to Investors: Thomas Friedman writes: Is the US and Saudi Arabia engaged in another global war with Russia and Iran like when they pumped the former Soviet Union to death? Oil export revenues account for 60% of Iran’s government revenues and more than 50% of Russia’s. Oil producers Libya,
READ MORE... →