Authored by Nick Cunningham of OilPrice.com,
The global market for LNG is changing quickly, spurred on by new sources of supply from U.S. shale.
U.S. natural gas production surged over the past decade, as fracking opened up a wave of new gas supply. That wave led to a glut and a crash in prices long before shale drillers did the same for oil. The U.S. was sitting on massive volumes of gas that routinely traded as low as $2 or $3 per million BTU (MMMBtu).
I am not a particularly big fan of the idea that markets are efficient. In fact I think people who believe this have never spent any time working in investment management. Everyone in the industry has seen how investment fads wash over the industry from time to time, only to wash out again as returns begin to disappoint.
- Russell Clark, CIO of Horseman Global
The US ambassador to the United Nations, Nikki Haley, who has done a remarkable job of continuing the diplomatic tone set by her predecessor Samantha Power, said in an interview on CNN’s “State of the Union” which will air in full on Sunday, that regime change in Syria as one of the Trump administration's top priorities in Syria. Her statement was a complete U-turn from what she said just over a week ago, when she told a group of reporters that the US was "no longer focused on getting Assad out."
A statement issued on Sunday by a joint command centre consisting of forces of Russian, Iran and allied militia alliance supporting Syrian President Bashar al Assad said that Friday's US strike on the Syrian air base crossed “red lines” and it would "respond with force" to any new aggression while increasing their level of support to their ally.
(GLOBALINTELHUB) – 4/09/2017 Support solid intelligence visit our sponsor www.splittingpennies.com