By Chris at www.CapitalistExploits.at
I warn you... I'll get hate mail for this. I am a bad person.
Perhaps, I spent too much time in European cities because Athens and Greece in particular always failed to impress me.
Ok, they have a lot of crumbly buildings. But so do every other country in the region. Ephesus is more impressive than the Panthenon. The Colosseum more impressive than the Valley of the Temples.
Authored by Bob Williams via Platts 'The Barrel' blog,
Oil majors thirsty for reserves likely to line up for any lease sale
President Trump has uncorked yet another controversy over energy vs the environment and it promises to be a heavyweight battle.
The White House budget proposal includes a revenue line of almost $2 billion from selling oil and gas leases in the richly oil-prospective northeastern coastal plain of the Arctic National Wildlife Refuge (ANWR) in Alaska.
It's widely known that the Federal Reserve has been tasked by Congress with a "dual mandate" to maintain stable consumer-goods prices, low unemployment and - oh yes - buoyant equity prices. However, as Reuters revealed on Monday, the central bank has another legally binding obligation that might upset some of its clients: Helping the US intelligence community spy on foreign governments.
Central Bank Intervention Serves The One Percent
Paul Craig Roberts
While the fundamental outlook for oil appears weak, with U.S. shale drillers continuing to add extra rigs (despite the downturn in prices), Reuters' John Kemp warns that positioning data suggests the risk of a short-covering rally is increasing.
The hedge fund community placed enormous faith in OPEC’s ability to accelerate oil market rebalancing through cuts announced late in 2016 in association with key non-OPEC producers.