Stephanie Grimmett says Boeing (NYSE:BA) could be at risk in the short term. Its machinist union has gone on strike because of a dispute over pay. The last time machinist contracts were up for negotiation a month-long strike cost the company a ton of cash.
Crude oil is heading for its biggest weekly gain in almost two months as Gustav approaches the Gulf of Mexico.
According to Bloomberg: “Gustav is expected to reach Louisiana next week, passing through a region home to a quarter of U.S. oil output and 14% of natural gas production.”
Hurricanes pass. But over the long term, says energy and oil expert Byron King, we are facing a “profound change” in the future availability of oil. That’s because Western oil companies are being kept away from resources by uncooperative states…
Never heard of Cuban oil?
Well, the U.S. Geological Survey reported Cuba’s oil capacity at 4.6 billion barrels – plus 9.8 trillion cubic feet of natural gas.
That’s why U.S. oil companies are completely frustrated at America’s 44-year-old trade embargo: They can’t get close to it.
But Brazil’s state, oil company, Petrobras (NYSE:PBR), has become a rising star in the story of Cuban oil…
Brazil is no longer just a tourist hot spot, but a solid profit play for savvy investors, too. And one of the best ways to profit from Brazil’s expected 4.8% growth in gross domestic product this year is to invest in one of the Latin American nation’s infrastructure-focused firms.
You may have heard about Brazil’s Tupi and Carioca, which may be the two biggest oil fields discovered in the last 30 years. What makes these discoveries particularly remarkable, in addition to their size, is where they are. They lie underwater, hundreds of miles off the coast of Brazil. Call it “blue water energy.”
The Adventures of Tintin is a comic book series started back in 1929. My nine-year-old son loves it. I enjoy reading it along with him because the hero of the series, a young Belgian reporter named Tintin, often finds himself in interesting historical settings and exotic places. (My favorite story is “The Blue Lotus,” which takes place during Japan’s occupation of China in the 1930s.)
If you’re a global investor looking for global profits – including one potential way to double your money – you need to “Hit the BRICs.”
The easiest way to pocket gains in emerging markets is to follow the money, says Irwin Greenstein in Taipan’s Emerging Market blog.
Of course, as Irwin points out, this doesn’t exactly sound like a great contrarian play. Contrarian investors usually bet against the big money.
How do you follow the money? By tracking investments made by the world’s cash-rich sovereign wealth funds (SWFs). Irwin says Gulf-state SWFs are moving into oil-rich Southeast Asia – tipping off investors to stable, long-term growth opportunities.
A “Lost Decade” doesn’t have to translate into lost profit opportunities.As the global financial crisis continues to escalate, the United States is increasingly facing the prospect of a long malaise that could easily eclipse Japan’s Lost Decade of the 1990s in both duration and depth.
In the energy market Monday, crude for August delivery vacillated through a $4 range between high and low, settling at a nervous $145.18, up 10 cents. August reformulated was essentially unchanged, at $3.558/gallon.
