Once upon a time, there was lush jungle with an attached rich Savannah grassland. All the animals lived contentedly and daily ate their fill, especially the lions who, at the top of the food chain, could eat anything they fancied. Continue reading “The Lions’ Retirement Plan”
The Oil Game Has Changed
The Players Have Changed
US oil production is rapidly growing and has reached 11.2 million barrels per day in Nov 2018, is expected to reach 12.05 m/bpd next April and 12.29 m/bpd by year end 2019. The pipelines bottleneck Continue reading “The Oil Game Has Changed”
Are Oil Prices Rising or Falling?
Not only are the current views contradictory but each is supported by arguments and evidence, which increases the confusion and frustration of anxious listeners worried about their economic future. Continue reading “Are Oil Prices Rising or Falling?”
Do Treaties Eliminate Nuclear Wars?
History teaches that wars are inevitable. They are genetically ingrained into the human mind – as well as the rest of the Animal Kingdom. The use of violence and belligerence to get what one wants, starts as early as childhood among siblings, later on in the school yard and then progresses to become more innovative, nasty and evil right into ripe old age. Selfish “Want” is the source of all belligerence and, hence, wars. Continue reading “Do Treaties Eliminate Nuclear Wars?”
Daily Basket of News Commentary – Sep 26, 2018
Daily Basket of News Commentary – Sep 26, 2018
Iran Oil Exports?
India might continue buying Iranian oil via a Rupee payment scheme. India consumes 4.7 Million bpd (approx. 5% of world oil production) and is expected to reach 10 million bpd in 2040. It is difficult to see India putting its economy in jeopardy and taking sides in an unrelated problem i.e. the US/Iran quarrel – especially since the Iranian oil is cheaper than the competition. Continue reading “Daily Basket of News Commentary – Sep 26, 2018”
Daily Basket of News Commentary – Sep 25, 2018
Daily Basket of News Commentary – Sep 25, 2018
Will the armed attack in Ahwaz contribute to an oil price rise? So, think some analysts, especially if the matter escalates regionally, in which case the world economies will be suffer and so will the Middle East producers. Continue reading “Daily Basket of News Commentary – Sep 25, 2018”
OPEC’s Current Dilemma
As the US second and tougher sanctions on Iran approach (Nov 4th), many countries have begun to reduce their purchases of Iranian oil and its exports have already dropped one million barrels a day (from a high of 2.7 Million bpd to 1.7 Mill bpd in August 2018). Continue reading “OPEC’s Current Dilemma”
Qatar Gas and the US/China Trade War
Qatar Gas and the US/China Trade War
– As the trade war skirmishes between the US and China increase in intensity, China is actively shoring up its defenses. Continue reading “Qatar Gas and the US/China Trade War”
Is Gold Price Changing Direction?
As everything else, gold price is determined by supply and demand. However, it is also affected by the US Dollar exchange rate, because it is priced/Quoted in Dollars. If the Dollar rises in the forex market, gold prices tend to drop and vice versa. (Oil prices are similarly affected). Continue reading “Is Gold Price Changing Direction?”
Robots to Handle and Reconcile Payments and Receivables
COMMENTS: Citi Bank is launching an artificial intelligence automated robotic service that will receive payments and reconcile them with invoices. This is part of Citi’s US$ 8.5 Billion payment and receipt handling service that it provides to its clients all over Continue reading “Robots to Handle and Reconcile Payments and Receivables”