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: IEA said 15 European refineries have closed in the past 5 years and a 16th is due to close in 2014 as the US went from depending on fuel from Europe to being a major exporter to the region. Nigeria, which once sent 12 supertankers worth of
READ MORE... →Salient to Investors: Author Mark Leibovich writes: Washington works extremely well for its most important citizens, the lobbyists. Money has trumped power as the ultimate currency. Atlantic magazine reported in 1974 that only 3 percent of retiring members of Congress became lobbyists. Today, that number is 42 percent for members of the
READ MORE... →Salient to Investors: The US is almost free of imported energy dependence and positioned to overtake Saudi Arabia as the world’s No. 1 producer of oil, whether oil is $60 or $120. The IEA said America’s 6.8 million barrels a day in November was 30 percent less than Saudi Arabia’s 9.7 million,
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