All Posts Tagged With: "Vladimir Putin"
Speculators Are Bleeding You Dry
Once they started going long on oil it was fairly easy to perpetuate the run… all they have to do is buy at the ask price and oil just keeps going up and up.
BP Battles Russian Billionaire Partners
The relationship between BP and the shareholders in its Russian joint venture, TNK-BP, Russia’s third largest oil firm, has very publicly fallen apart, reports Britain’s The Guardian newspaper:
Yesterday BP and the Russian shareholders were forced to acknowledge differences over strategy, with the Russian billionaires who own 50% of the company arguing that TNK-BP, Russia’s third-largest oil producer, should be able to expand abroad even if that meant its coming into direct competition with BP itself.
High Steel Prices and ‘Peak Everything’
Yes, we are on the cusp of Peak Everything…The rising cost of steel is at the heart of much capital cost inflation around the world.
With the New Russian President Vowing to Steer a Steady Ship, U.S. Investors Can Look to Profit
New Russian President Dmitry Medvedev wants better links with Europe.
Iran Dumps Dollar for Oil Transactions
Iran has stopped trading in US dollars for oil, according to a top Iranian oil ministry official.
The official, Hojjatollah Ghanimifard, told Iranian state-run television today that “the dollar has totally been removed from Iran’s oil transactions,” and that the country has “agreed with all of our crude oil customers to do our transactions in non-dollar currencies.”
The dollar’s spending power, like it or not, is at the mercy of Iranian president President Mahmoud Ahmadinejad, says Addison Wiggan
$120 Oil Is Just the Start
In the Chart of the Day below, Andrew Mickey argues that $120 oil is “just the start,” partly as a result of what’s happening with Russia. What you should also know is that Andrew saw $120 oil coming well before anyone else. In fact, he called for it nearly six months ago.
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