If 2015 is anything like 2014 we can expect a wild ride. Oil price volatility – including its downward trend – will linger well into the first and second quarters as global production persists and key conflicts in Eastern Europe and the Middle East show no end. For its part, the United States is better positioned than most – the US is poised to carry the global economy in 2015 with projected GDP growth of 3.1 percent. However, converting this potential into meaningful energy trade and/or soft power is another matter altogether and 2015 offers limited opportunities. Continue reading
RIO DE JANEIRO — Brazil’s efforts to become one of the world’s major oil producers have attracted businesses such as U.S. drilling giants Halliburton and Baker Hughes, gained it partnerships with oil companies from India and China, lured immigrants from idyllic Norway and drawn investment dollars from American pension funds in Florida, South Carolina and California.
But the prospects for success have darkened in the seven years since Brazil first identified massive oil deposits in deep water off its coast. Many fear that Brazil’s chance to become one of the world’s major energy producers is fading as the global energy landscape changes dramatically. Continue reading
The US government already sold 5 million barrels as a subtle hint a little over a week ago.
Selling oil from the strategic oil reserve would hurt the USA more than anything else in the long-run. After that’s gone, what else would America have to fall back on during a crisis? At a time when Russia could trade oil in any other currency but Dollars in retaliation, sending the US economy back into the stone age, would such an action with limited effect be worth it? If the Dollar is dead and there is no strategic reserve, then what? Soros, who nearly killed the British economy overnight, and is a convicted felon in France, does not have the best interests of the country in mind. People like Soros are smarter than this and know the likely outcome(s) for their actions, and given his past record, could most likely sparking an intentional attack on the U.S. from within via provocation with Russia.
For more information on George Soros, see the following:
The infamous speculator, oligarch and political activist George Soros published a plan designed to “punish” Russia for its actions in Crimea and Ukraine. According to Soros’ plan, Washington has to crash the oil market in order to hurt the Russian economy. Continue reading