Caution was the order of the day, with the dollar rising against the euro in a seesaw session in which risk tolerance rose and then fell as investors weighed the outlook for growth and corporate earnings.

Data showed orders in Germany, Europe’s largest economy, rose at the strongest monthly pace in nearly two years in May. But economists said the yearly comparison would remain weak for some time.

Euro zone government bond prices fell and the Bund future retreated from seven-week peaks as heavy European supply of almost 14 billion euro cut safety bids for bonds.

Another decline on Wall Street rekindled a safety bid for U.S. government debt, offsetting worries about demand for this week’s sale of $73 billion in bonds.

Tumbling energy shares dragged down European and U.S. equity markets as oil fell more than 2 percent, pressured by investors’ caution over recovery and an expected increase in gasoline stocks during the heart of the U.S. driving season.

Exxon Mobil Corp fell 1.7 percent and Chevron Corp dropped 1.3 percent in U.S. trading, while Royal Dutch Shellshed 0.75 percent and Total lost 1.2 percent in Europe.

“The markets are in a consolidation mode,” said Andrew Bell, head of research at Rensburg Sheppards. “To propel the markets higher, we have got to see evidence of the turning point in earnings and of the recovery and economic growth moving from less bad to a little bit better.”

At 1:30 p.m. EDT (1730 GMT), the Dow Jones industrial average was down 67.41 points, or 0.81 percent, at 8,257.46. The Standard & Poor’s 500 Index was off 6.44 points, or 0.72 percent, at 892.28. The Nasdaq Composite Index lost 18.77 points, or 1.05 percent, at 1,768.63.

Disappointing UK industrial output data pulled shares lower in London, with utilities among top European decliners.

The FTSEurofirst 300  index of top European shares closed 0.8 percent lower at 826.36 points. The FTSE 100 closed down 7.91 points at 4,817, a fresh two-month low.

British manufacturing output unexpectedly fell 0.5 percent in May, official data showed, making it less likely the economy returned to growth in the second quarter.

Copper prices turned negative as concerns over demand and world growth persisted. Copper for three-months delivery in London traded at $4,930 a tonne.

Gold erased earlier gains to trade near break-even as the dollar recovered lost ground against a basket of currencies, reducing the precious metal’s appeal as an alternative asset.

Spot gold prices rose 20 cents to $924.20 an ounce and the U.S. Dollar Index  was up 0.25 percent at 80.584.

The euro was down 0.23 percent at $1.3942, while against the yen, the dollar fell 0.56 percent to 94.83.

An expected increase in U.S. gasoline stocks for the week ended July 3, ahead of the long U.S. Independence Day holiday weekend, pressured oil.

“Consumer confidence is weighed down by higher retail prices and rising unemployment and so the number of Americans taking to the road over the holiday weekend was probably lower than last year,” said Harry Tchilinguirian, senior oil analyst with BNP Paribas.

The benchmark interbank cost of borrowing euros fell to a new low on Tuesday as a banking system flush with funds remained reluctant to lend money into the real economy.

The benchmark 10-year U.S. Treasury note was up 11/32 in price to yield 3.47 percent. The 2-year U.S. Treasury note was little changed, yielding 0.94 percent.

Asian stocks edged up slightly but struggled, with the MSCI index of Asia-Pacific shares outside Japan rising 0.4 percent. Japan’s Nikkei share average <.N225> dipped 0.3 percent as a stronger yen hit exporter shares.

NEW YORK, July 7 (Reuters)

Markets briefly cut losses after data showed the service sector contracted at a slower pace in June, blunting some pessimism over the economy after a last week’s much worse-than-expected jobs report.

“Overall the data looks like a positive, although it may not be enough in the near term to overcome last week’s disappointing jobs report,” said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut.

Oil touched a five-week low and fell to around $64 a barrel, sending Exxon Mobil Corp down 2.1 percent at $67.05, and Chevron Corp fell 2.1 percent to $63.09. The two companies were the biggest weights on the Dow Jones industrial average.

Although the weaker oil prices bode well for recession-weary consumers, strong commodity prices have been viewed as a signal the global economy is stabilizing.

The Dow Jones industrial average <.DJI> fell 63.86 points, or 0.77 percent, to 8,216.88. The Standard & Poor’s 500 Index <.SPX> lost 8.45 points, or 0.94 percent, to 887.97. The Nasdaq Composite Index <.IXIC> gave up 24.56 points, or 1.37 percent, at 1,771.96.

NEW YORK, July 6 (Reuters)

But the renewed interest in ethanol proved to be short-lived, as oil retreated below $20 a barrel just four months later. As a result, many of those smaller ethanol companies couldn’t survive as profitable alternative energy investments.

Flash forward to today, where we’ve seen crude oil prices double in just the past four months. Worldwide oil demand has soared, particularly from fast-growing countries like China and India, and although the global downturn has seen the pace of demand slow, when the global economy gets back on track, it should prove even more bullish for oil.

But there’s another sector that should rise, too…

Rising Oil Prices Spark Interest In Alternative Energy

With oil prices rising again recently, it’s sparked yet another conversation about the viability of certain alternative energies.

One ETF that tracks the performance of clean energy firms is the PowerShares WilderHill Clean Energy (NYSE: PBW) – a widely traded vehicle that gives you exposure to this still-growing sector in a safer way than investing in individual companies.

While firms like Exxon Mobil (NYSE: XOM) rake in billions of dollars per quarter from oil, PBW invests almost entirely in experimental, technology-focused “green” companies. And while these guys stand to benefit from higher oil prices just like specific oil companies, their success depends more on regulatory changes, subsidies and a global recognition of the need for alternative energy solutions.

The Alternative Energy Market Gets More Attention

When it comes to the alternative energy market, wind power, solar, hydroelectric, geothermal and nuclear power have all received attention over the past couple of years.

But when the oil market first began its march towards record high prices, it was the ethanol industry that took center stage and triggered the wider debate over cleaner energy resources.

However, the ethanol market faces a battle. Despite the government’s intervention and subsidies for the industry, newer technologies are needed in order to make ethanol more viable – and the industry’s companies profitable. A good example is Pacific Ethanol (Nasdaq: PEIX) – a company that Bill Gates invested in heavily a few years ago, paying $12 a share. Today, the stock trades for just $0.40.

Below is a daily chart of PowerShares WilderHill Clean Energy (NYSE: PBW), which is currently at a critical juncture:

Chart: http://www.investmentu.com/images/iu063009chart.gif

Three Scenarios for the Clean Energy Fund

As you can see, when the stock market bottomed out in March and oil prices retested their lows, PBW’s Clean Energy Fund did the same.

Since then, however, PBW has doubled off those lows to the June 10 high of $11.37. This is right around the swing high of $11.40 that it tested back in November, before it pulled back to the trendline drawn off the March lows.

In addition, the 50-day and 200-day moving averages are very close to crossing one another – a development that sometimes indicates a short-term top.

So what we have here is a relatively clear-cut conclusion…

• A close above $11.40 would be bullish and should lead to higher prices.
• However, a close below the trendline, currently around $10, would be bearish over the short-term.
• A close or two below the 50-day and 200-day moving averages, which are currently around $9.50, could lead to a move down to $8 or lower.

Source: Alternative Energy Investments: Three Scenarios For Clean Energy

“The stock market has firmed up, which is giving the energy market some strength,” said Phil Flynn, of Alaron Trading. “It’s clear that an awful lot of bearish news has already been priced in.”

The Energy Information Administration’s weekly inventory report, delayed a day by the Veteran’s Day holiday, did little to move the market. Crude stocks were near-flat, rising by only 22,000 barrels, far below the forecast for a 1 million barrel gain.

But gasoline supplies rose by 2 million barrels, more than double the 850,000 barrel estimate.

The Organization of Arab Petroleum Exporting Countries, a subset of OPEC, is scheduled to meet in Cairo on November 29. However, non-Arab members of the cartel, such as Venezuela, Iran and Angola, will be invited to take part in talks about the oil market afterwards, OPEC President Chakib Khelil said.

And Brazil’s Petrobras has thrown open the newly-discovered fields off its coast to foreign Big Oil companies. Chevron and Shell expect to begin pumping in 2010, while Exxon, Mobil, Hess and Devon are engaged in exploration. It’s estimated that 50-70 billion barrels of oil could lie beneath Brazilian waters

Source: Crude Edges Higher, Brazil Welcomes Big Oil

Pop quiz: The biggest company in the world? Nope, not Exxon Mobil, not today anyway. Would you believe…

Oh, how twisted the markets have become.

In European trading this morning, shares of Volkswagen AG leapt 93% when word leaked that Porsche would be upping its stake from 49% to 75% — a controlling stake of the company. Buyers rushed in, short sellers were squeezed (big-time) and, for a moment, VW’s market cap crested $370 billion — greater than the beaten-down value of the world’s most profitable company, Exxon Mobil.

The moment was fleeting, but for a moment there, VW was the largest company on Earth… the Leper King during the worst of credit epidemics.

The short squeeze on VW was so extreme today the automaker was momentarily trading for 100 times projected 2009 earnings. Rumors abounded that Goldman Sachs was caught up in the short squeeze… which it quickly denied. Still, the stock fell over 10%. Morgan Stanley dropped over 12%.

The London interbank offered rate (Libor) — the rate at which banks lend to each other — is down again today. The introduction of the Fed’s new Commercial Paper Funding Facility (CPFF) helped the three-month Libor fall another 5 points yesterday, to 3.47%.

The mist rising off the frozen credit markets is still causing a heavy fog, but there’s hope the sun may come out again and burn it away. Coupled with some more European Central Bank injections this morning, the Libor is on track to have fallen 13 days in a row.

Still, according to the Bank of England today, global credit crisis losses now exceed $2.8 trillion. In its semiannual Financial Stability Report, the BoE reported global banks are financially unstable and losing money. Really.

Cheers, mates, thanks for the update.

“It’s a great contraction,” notes Chris Mayer, “a historic liquidation in the stock market and a mad dash to grab cash wherever you can get it. Across the world, the goal is to build up cash reserves and cut back. The Financial Times reports that 5-10% cuts in capital spending are common. In the commodity world, it’s more like 10-20% — as mines shut down and projects freeze. Most expect more cuts of one kind or another. As the FT opined, ‘The hoarding of cash is likely to intensify.’

“This slowdown also comes with a complete shutdown of the credit spigot. It’s tougher to raise money no matter who you are. If you a smaller miner or resource company, forget it. A lot projects that looked good at higher commodity prices are just bleeding money at current levels. Yesterday Russia’s Ufaleynickel, the third largest producer of nickel in Russia, said it would shut down nickel production entirely. It costs it $26,000 to produce a ton of nickel that it can sell for $8,000.

“And so the commodity markets begin to correct. Some will correct more quickly than others. The survivors on the other side, though, stand to make fortunes. I think we’ll have a bunch of those, but it certainly looks bleak today in a big-picture sort of way.”

“The ability to generate new earnings off net tangible assets,” Dan Denning adds from down under , “is what you’re after in this market. Alcohol, tobacco, farmland, food… all these are good, recession-insulated businesses for the future. But more importantly, run properly, the capital structure of these businesses means you’ll get increased earnings, despite tighter access to credit in the global economy.”

For Chris Mayer’s play on Saskatchewan farmland, be sure to read your latest issue of Mayer’s Special Situations.

The S&P/Case Shiller continued its swan dive in August, the group reports today. Annual declines in home prices are down by another annual record, 17.7% for its 10-city composite, 16.6% for the 20-city.

Nine of the 20 regions report record annual declines. The last region to report a positive change in annual home prices was Charlotte, in April.

But we must admit, the housing picture in August isn’t looking as bad as previous months. The two composites were only slightly worse than their July scores, and the chart is starting to look like the very beginning of a bottom. But until we start seeing some data for October… we’re reserving judgment.

Is anyone (with a brain) surprised to see consumer confidence plummet in the first half of October?

Oh wait, some were. Pundits on CNBC exclaimed, “WOW!” when they reported the Conference Board’s latest reading today, which showed consumer confidence had been effectively cut in half over the last three weeks. Wow? Really… sometimes we wonder if we’re covering the same market as these guys.

The Conference Board’s gauge of confidence crashed to 38 in October, from a score of 61 in September. That’s just a bit worse than the 52 mark economists expected, and easily the lowest score since the report’s inception, in 1967.

The Dow ended down Tuesday, nearly 2.5%. We’d love to say there were compelling reasons to buy and sell stocks Tuesday, but really… it doesn’t seem like anyone knows what the hell they’re doing, day to day. The index traded in another 400-plus-point range during the day and crossed between positive and negative territory 60 times.

The VIX remains above 80, just shy of another record high.

Either way, at 8,175, the Dow put in a new five-year low. Any blue chip investments you’ve made since April 2003? Probably gone.

Nevertheless, and true to form, the stock market is rallying today. The Dow opened up over 200 points. We’ve yet to see any shockingly putrid news this morning. And since the markets have been getting decimated all week… can you blame traders wiping away debris looking for value?

“Most of the rest of the world’s stock markets also tumbled to new multiyear lows,” notes Eric Fry of yesterday’s market. “Many of the year-to-date declines look like misprints: London’s FTSE is down 53%, Hong Kong’s Hang Seng Index is down 60%, Russia’s RTS Index is down 76%.

“Down 76% is more than just a bad year; it’s a disaster. ‘That’s not going to happen here!’ we tell ourselves, as we cross our fingers, knock on wood and light a candle to St. Martin of Tours. ‘The U.S. is not an emerging market, after all.’

“More than likely, the beleaguered Dow Jones industrials’ 38% loss year to date will not ‘do a Russia’ and double to 76%… at least not immediately. But the line between ‘developed markets’ and ‘emerging markets’ has become very blurred. Nearly every stock market in the world has become a ‘submerging market.’

“When will this global financial trauma come to an end? Probably not for many years. At least that’s our guess.”

After peaking at a remarkable 87.8 yesterday,more than a 2-year high, the dollar index has backed off a point this morning. As we write, it’s back to around 87 even.

Oil is taking a break from the norm today by rallying a buck to $64 a barrel. It fell as low as $61 yesterday, a 17-month low.

Gold is up, too… a mere $10, to $740 an ounce.

This morning, we have further proof this is not the time to be in the newspaper business. As if you needed any.

Combined circulation of all 507 daily print newspapers tracked by the Audit Bureau of Circulations fell 4.6% last month. Combined circulation of all those rags averaged about 38 million in the six months ending in September, down 2 million from the same period in 2007.

“Mr. Wiggin, that was a bit harsh for a reply to a subscriber,” writes a reader of yesterday’s issue. “I know The 5 Min. Forecast is a free publication, and I also have a number of paid subscriptions to various Agora services through a number of their companies. Even high-priced ‘premium’ ones… and think subscriptions might even provide some of your cash flow.

“I did listen/watch the Webinar and got much the same opinion, that it was an advertisement. So much so that I hit delete when I received the e-mail pertaining to the Strategic Short Report. These are trying financial times for many of us: rich, moderate or poor. They have left me poorer than I was. How about you? Is it possible that the other subscriber that you referred to has been badly hurt?”

“Sounds to me like your Agora Reserve member is a little ticked,” suggests another, “about their lost principal and took it out on those who could be trusted the most with such emotion… your team!

“I would like your readers to know that I phoned in after the Webinar and was honestly told that purchasing Strategic Short Report was not in my best interest, due to my personal circumstances, and was advised that perhaps a subscription to Outstanding Investments was better suited for me. I appreciated that I had a conversation with an understanding person who was not just interested in getting my credit card number. I am a current subscriber to Strategic Investment and will be forever thankful for having found you a year ago. My situation is too complex to go into, yet I want you to know that the philosophies of Agora Financial resonate with me so well.

“In fact, in September 2007, I had just placed my home on the market and ultimately took it off in November 2007, after studying your newsletters. I remember distinctly telling my real estate agent and her mortgage broker that we were ‘in for a global meltdown of epic proportions,’ based on what I had learned. They looked at me like I was crazy, especially since we live in Seattle, a city considered to be removed from the rest of the country’s economic pains (Ha! Can you say WaMu?). I wonder what they think of my comment today? Because of all you do, I am one single mother of six children, who is still a current homeowner and continuing to make positive changes every day because I have read and taken heed to all you share…

“I saw the movie I.O.U.S.A. and was amazed that I was only one of seven in the theater. I have full faith in the integrity of your company. My future and that of my children’s is and will continue to become more beautiful and abundant because of Agora Financial. Thank you.”

The 5: You’re welcome.

When you begin an e-mail “I dare you,” what kind of response do you suppose he’s expecting? We’ve noticed when people write by e-mail, they dispense with civility a lot faster than they might if they were to speak to us in person.

Regarding the film: The economics of releasing a documentary about the national economy — even during an epic financial crisis — are rather complicated. We’re releasing to 35 additional markets starting this Friday, but most of the push is being funded by the Peterson Foundation , rather than high attendance numbers.

Still, our experience with the film has been extremely positive. We just finished a stretch of media in screenings in Toronto and New York City. They were all well attended and the conversations that the film provoked are exactly what we wanted to see happen. As happened after our screening before the National Board of Review yesterday at the Disney Screening Room on Park Avenue, the audience wants to know immediately what we’ll be doing to get the film into high schools and universities. “We’re working on it,” we reply. The film is now in the hands of the foundation. They’re setting up programs to help teachers screen the film and conduct discussions with their students.

Source: Senseless Markets, Companies to Consider, I.O.U.S.A. on DVD, and More!

If you want free market commentary today, go over yonder to our colleagues at Money Morning, who have it all under contrarian control.

Back here at the western edge of the Great Plains and at the foot of the Rocky Mountains, there is a lot of empty retail space. Maybe it’s early in the summer shopping season. Maybe people are flying and driving less for vacation. Or maybe there’s just way too much retail space in America.

Either way, the whole geography of America’s strip mall retail network lends itself to huge booms and busts. And since we’re coming off a boom, this could be the bust. The architecture of the retail network offers you clusters of stores selling linens, patio furniture, $20 shoes from China, and huge quantities of chocolate. It all comes via truck, rail and container ship. And with global fuel prices high, it’s expensive to get things to the middle of the continent, a mile up from sea level.

But cheap energy convinces you that long logistics tails are merely matters of proper inventory management and just-in-time delivery. For the last fifty years, energy has trumped distance. That’s why America’s malls and stores are located in large residential developments which are themselves miles outside city centres. Fortress Wal-Mart.

Most of these future feudal outposts here on the Front Range of the continental divide were built by large national developers like KB Homes and Lennar. The homes are nice enough, with great views of the mountains. And they are conveniently located near grocery stores and shopping. But there are probably too many of them, and more still are being built.

They are not, we reckon, particularly well made. On the way to lunch today, our brother told us the Chipotle (a Mexican fast food joint serving enormous burritos stuffed with cheap calories) at Flat Irons Crossing Mall was vacant because the foundation had cracked. Other stores in the massive mall suffered the same fate. The mall is less than ten years old.

You wonder, with all the “For Sale” signs out front of these cookie cutter houses what these cul de sacs and neighbourhoods will look like in twenty years. Will people still live here and commute to work? Or will the whole economy of this particular living arrangement become a casualty of more expensive energy?

The word we used for it about six years ago was simple: Suburbistan. A place where the parts (copper wire, plumbing, wood frames) are worth more than the whole…empty tracts of houses built for people who couldn’t afford them with real money and which, in any case, are the ticky-tacky icons of a giant mis-allocation of the nation’s capital.

Right now, though, it’s not that bad. Times are tougher for sure. Good paying work is harder to get. This is a function of the globalisation of labour and free trade agreements. Jobs are created. But they aren’t the same jobs America created in the post-War boom of the 1960s and 1970s. They aren’t in manufacturing with high wages, lifetime employment, and defined benefit pensions (think General Motors).

The jobs created in America today pay lower wages and don’t come with a pension at all, unless it’s defined contribution scheme. New jobs come from services and retail (think Wal-Mart) and reflect the nation’s shift towards debt-based consumption and asset-based saving, neither of which lead to long-term capital formation. America is becoming a nation of window shoppers.

In fact, it’s evident now that capital is being either exported (as factories) or sold (as equity) to pay the bills (as debt). And that’s for the capitalists! For the workers and wage slaves, there is more job mobility, but less job security. Do you think it’s a good trade? How long before a clever politician begins appealing to the growing sense of resentment…and a desire for something “to be done” to someone?

The time is ripe on the national scene for a demagogue who appeals to America’s sense of injured pride and national greatness. That should be interesting to watch. Both Obama and McCain would fit the bill nicely, despite coming from opposite ends of the political spectrum. They share at least one belief in common: that State power should be used to shape people’s lives in whichever way the State chooses. America will be worse off with either way.

The country has huge fiscal and geopolitical challenges. It also still has a lot of nuclear weapons and, at least in Washington D.C., an exalted sense of its place in the world order. So much for American modesty, or walking softly and carrying a big stick for a rainy day. Watch out the anti-anti-American backlash.

Here in the mountains, Colorado has always been a bit of a boom-bust state. In the late 1970s and early 1980s it boomed with high oil prices. Natural gas drilling on the Western Slope boomed. Exxon Mobil opened a refinery in Parachute to turn oil shale into something like crude oil (kerogen). The U.S. Department of Energy even exploded a nuclear bomb underground near Rulison in Western Colorado to try and liberate stranded pockets of natural gas.

Nuclear mining! Lang Hancock would have loved it!

When oil prices crashed in the early ‘80s, Exxon shut the whole oil-shale retorting plant down. Who needs an alternative to crude when you have Prudhoe Bay, the North Sea, the Gulf of Mexico and Saudi Arabia? Oil prices stayed low for years and people resumed carefree consumption. National law makers went on a long holiday from serious thought and a realistic energy policy.

But hey, these things go in cycles. People have always been thoughtless and unprepared in the midst of great luxury. Same species, different century.

If you’ve lived through a bust, you don’t forget it and you never quite behave the same way because of it. The locals still refer to the day Exxon pulled the plug at Parachute as “Black Monday.” The massive housing development Exxon built for all the future employees at the facility became a retirement community known as “Battlement Mesa.”

Not only is he forecasting higher and higher prices for black gold, but he’s also putting money into new oil companies.

According to the 13F Disbursement Plan, Pickens just bought Sandridge Energy Inc. (SD:NYSE) in the first quarter of 2008. It just went public in late 2007.

So far, it’s been on a solid run, returning an 83% gain in only four months. But it’s still cheaper than the major oil companies like BP and Exxon Mobil.

Sandridge is based in Oklahoma. It looks for natural gas and oil reserves in Texas and drills for other companies. It also provides CO2 to third-party oil recovery projects.

After an initial buy in the first quarter of 2008, I anticipate Pickens buying more and more of this oil company at its still low price of $55 per share. The safest way to invest in oil is to follow Pickens’ picks… especially since this expert says oil is going to $150, far from its current level near $130 per barrel.

Ann Sosnowski

Editor, Safe Haven Investor

U.S. Government Unlocks $35 Billion in “Free Money” Payouts to American Citizens!

The “13F Disbursement Plan” offers you a fantastic wealth-building opportunity with very little risk. It’s safe, simple and, best of all, generates lots of income.

Read on and learn how you can get your share of “free money”…

Source: Follow T. Boone’s Oil Pickings!

Gazprom is a $239 billion company in terms of market cap. And in one of its latest reports, it bragged that it would surpass Exxon Mobil in revenue by 2014.

About four years ago, I recommended that you buy Gazprom based on the fact that it had more natural gas than any company in the world. If you are still holding, you are up about 800%. Over the same period, Exxon Mobil is up 125%. You can see it as that little black squiggle on the chart…

With the energy boom in full swing and natural gas prices doubling, Gazprom will soon be the largest energy company in the world. I’ve found a $3 Canadian company that, due to a unique situation in North Africa, stands to make a bundle as Gazprom attempts to monopolize the natural gas industry in Europe. Read all about it here. Don’t wait. Things are happening fast.

Sincerely,
Christian DeHaemer

Editor, Crisis Trader

Source: Gazprom to Overtake Exxon Mobil

That’s exactly what’s happening. The global boom in liquefied natural gas (LNG) is just getting started. And the big boys in the energy industry are all cutting eight-figure checks to build the infrastructure. The U.S. Energy Information Administration went so far as to say, “[LNG] growth will require a $250 billion investment over the next 30 years.”

It’s already started. PriceWaterhouseCoopers says, “Given the number and scale of new LNG projects proposed or under construction, global production capacity could more than double by the end of the decade.”

There are bound to be quite a few investment opportunities with that kind of money being thrown around. As you can see in the chart above, Big Oil is on pace to become major LNG producers. But the largest player of all will be the world’s top natural gas company, Gazprom.

Russia’s de facto state-controlled natural gas company has long been eyeing its opportunity to increase its grip on the world through LNG. Now the major energy companies are falling in line to provide the opportunity the company/country (sometimes its tough to tell the difference) has been waiting for. Learn how Gazprom is going to do it, and how you can take advantage of the coming LNG boom.

Good investing,

Andrew Mickey

Editor in chief, BreakAway Investor

Exposed: The Truth Behind Putin’s Stealth Attack on America!

He’s got the world’s economy under his thumb, and his incredible power only continues to grow. Now Vladimir Putin is aiming to take down the U.S. economy and put Russia on top of the financial food chain. My exclusive on-location report from Russia is the only way you’ll learn how to protect yourself from his dangerous game — and bank gains of up to 493% this year fighting against it! His plans are already underway. The time to act is now. Read on for complete details…

Source: The $250 Billion Energy Bet

Pemex pumps out more oil each year than Exxon Mobil. It pays for 40% of Mexico’s federal spending. And thanks to lack of investment, high taxes, corruption, anti-competition laws, Pemex is headed for collapse.

The bottom line, says Justice Litle in Taipan Daily, is that Mexico’s oil fields are running dry.

“Take the Cantarell field, for example. Cantarell is Mexico’s biggest field. In fact, it’s the second-largest oil field on the planet, behind only Ghawar in Saudi Arabia. In 2005, it came to light that Cantarell production had declined rapidly. ‘Fallen off a cliff’ is how some might put it, in terms of the speed and suddenness of the drop.

“If Cantarell production spirals downward into collapse, then Pemex — and, by extension, the entire Mexican economy — will be.”

To find out why the Mexican crisis could mean $200 oil becoming a reality read on here.