Jul 24, 2014
Toynbee declared, “Civilizations die from suicide, not by murder.” Santayana warned, “Those who do not remember the past are condemned to repeat it”. Signs of a dying nation are declining population and invasions not resisted.
Jul 21, 2014
Iran and world powers have agreed to extend Tehran’s nuclear program talks until November 24, after the U.S. midterm elections. The two sides agreed to an interim deal in Geneva on November 23, 2013. The deal was set expired on Sunday, July 20.
Jul 14, 2014
In one year Abu Bakr al-Baghdadi, the leader of ISIS has become the most powerful jihadi leader in the world. After his forces captured Mosul, he has emerged as a figure who is shaping the future of Iraq, Syria and the wider Middle East.
Jul 09, 2014
US oil demand had declined 2 million bpd since 2007, and production has risen by 3 million bpd. The US still imports approximately 10 million of the 18.89 million barrels a day it consumes. US buys imported oil and competes against China and India.
Jun 13, 2014
The seizure of Mosul in Iraq by the Sunni ISIS Islamists has stopped efforts to fix Iraq’s main pipeline for crude exports from Kirkuk to the Mediterranean port of Ceyhan. This leaves Iraq with a single outlet, by tanker via the Persian Gulf.
Jun 09, 2014
In November, six world powers, reached an interim deal in regards to Iran’s nuclear program. They agreed to reach a long term deal by July 20. Interim deal did little to slow down Iran’s nuclear program, and a permanent plan unlikely by July.
Jun 05, 2014
Energy XXI is currently near $21 per share, with earnings of $1.33. and a P/E of 15.90. With 2015 projected earnings of $2 per share, most analysts have a price target of $30. This would result in a 43% appreciation in the stock price.
May 29, 2014
In April the Fed announced a fourth $10 billion reduction to its Quantitative Easing (QE) program, reducing its monthly bond purchases to $45 billion and keeping pace to end the program by December.
May 07, 2014
U.S. GDP expanded in the first quarter of 2014 by only 0.1 percent. Yellen said it was “because of cold weather.” Critic Michael Pento predicted QEs 1,2, and 3 would not work, and the Fed will go to QE 4 and 5.
Apr 30, 2014
Energy XXI Bermuda Ltd. (EXXI) is a fairly unknown independent oil company which has been acquiring mature oil fields and other independents in the Gulf of Mexico. It has been using 3D seismic, horizontal drilling and economies of scale to grow.