(OilandGasInvestmentBulletin) – Current OPEC spare capacity would suggest a lower world oil price, but the distribution of this spare capacity could be one reason why oil prices are higher than many experts think it should be.
Usually the more spare capacity (supply) in a market there is the lower the price – simple economics. But the reality is that Saudi Arabia is the only country in the world with significant spare capacity to produce more oil in the world and influence prices. And they currently favour a $70-$80 barrel oil price.
In 2003, OPEC had 2 million barrels a day LESS spare capacity it has now, and oil was under $40/barrel – but spare capacity was more evenly spread out among the 11 member states.
If everybody has spare capacity, the potential for cheating on production quotas is greatly increased and that carries a higher downside risk for prices. Should the world economy grow more quickly, only the Saudis have the ability to increase production enough to meet demand and influence prices. Read entire article
(WashingtonsBlog) – On September 19, 2001, CBS reported:
Sources tell CBS News that the afternoon before the attack, alarm bells were sounding over unusual trading in the U.S. stock options market.
An extraordinary number of trades were betting that American Airlines stock price would fall.
The trades are called “puts” and they involved at least 450,000 shares of American. But what raised the red flag is more than 80 percent of the orders were “puts”, far outnumbering “call” options, those betting the stock would rise. Continue reading →
“This will be the best security for maintaining our liberties. A nation of well-informed men who have been taught to know and prize the rights which God has given them cannot be enslaved. It is in the religion of ignorance that tyranny begins.”
–Benjamin Franklin, Founding Father and Declaration of Independence Signatory
(VacTruth) – If Ben Franklin were around today, he probably would publish a diatribe about what’s been happening within the form of government that he and his cronies fought so desperately hard to establish: a REPUBLIC. There’s very little today to remind one of a true republic, particularly in the United States of America where neo-patriots are springing up all over the country in opposition to what they perceive is an infringement of their constitutional rights. Ben is often quoted as having answered when asked what kind of country you gave us, with “A Republic, if you can keep it.”
Before we proceed, let’s define some forms of government so that we’re all on the same page. Continue reading →
In a speech at the Sydney Opera House to mark his award of Australia’s human rights prize, the Sydney Peace Prize, John Pilger describes the “unique features” of a political silence in Australia: how it affects the national life of his homeland and the way Australians see the world and are manipulated by great power “which speaks through an invisible government of propaganda that subdues and limits our political imagination and ensures we are always at war — against our own first people and those seeking refuge, or in someone else’s country”. Continue reading →
(C4L) – There has been a lot of talk in Washington recently about senior citizens, mostly about how various healthcare reform models would help or hurt them. But there is another critical issue that has quietly devastated seniors financially over the last few decades. It concerns how the cost of living is calculated. How does the administration justify not giving a cost of living increase to Social Security recipients this year? Continue reading →
Gaza, October 31, 2009, (Pal Telegraph) – Although we have seen some shortfalls in Goldstone’s report we can now see the true face of some members of the US Congress as they again start to use their “Iron Fist” methods to stop this report moving forward. Continue reading →
(Bloomberg) – On Wednesday, Congressman Paul appeared on Bloomberg TV to discuss the Fed’s role in creating the financial crisis, how it has destroyed our economy, and the alternative presented by a free market. Continue reading →
We keep hearing that “The worst is behind us”, but the spin doesn’t square with the facts. Sure the stock market has done well, but scratch the surface and you’ll find that things are not as what they seem. Continue reading →
“With millions unemployed, and health care costs rising through the roof, and the only answer ever given to unemployment is ‘go back to school’, why are there still so few medical schools that 1/3 of our doctors are imported and Americans who want to be doctors frequently have to resort to joining the military in order to be trained? We should have a doctor on every corner, competing with each other.” Continue reading →
(NaturalNews) – For the last several years, I’ve referred to drug companies as “criminal” operations. They have engaged in price fixing, marketing fraud, science fraud and many other criminal activities that we’ve written about here on NaturalNews. And yet, until today, they always managed to avoid the criminal charges by settling with the government for a few million dollars in payouts. This was their racket: Violate the law, then when you get caught, just settle with some cash. (And there’s always some spare cash to go around since fraudulent science and fraudulent marketing is very, very lucrative.) Continue reading →
(Mises) – The government’s initial step in attempting to create a government-run healthcare monopoly has been to propose a law that would eventually drive the private health insurance industry out of existence. Additional taxes and mandated costs are to be imposed on health insurance companies, while a government-run “health insurance” bureaucracy will be created, ostensibly to “compete” with the private companies. Continue reading →
As the world’s attention is now fixated on the Somali pirates who hijacked the Maersk Alabama ship in their quest for profits, it’s fascinating to watch the circus of the American justice system attempt to enforce U.S. laws in a lawless region off the coast of Somalia. Continue reading →
Note: The average house price in the UK is above £150,000. The average wage is around £25,000 a year. For people to attain “middle class” status by actually owning their own “average” home and not being mired in mortgage debt, it would take them over 30 years – and that’s if they were able to save 20% of their income each year, before tax. These people cannot be considered “middle class” – by every reasonable measure they are poor. Continue reading →
Oil prices shoot up over $25 a barrel as anxiety over US bailout weighs on dollar
Oil prices spiked more than $25 a barrel Monday — the biggest one-day price jump ever — as anxiety over the government’s $700 billion bailout plan, a weak dollar and an expiring crude contract ignited a dramatic rally. Continue reading →