Oil prices rise on holiday sales, Europe hopes By CHRIS KAHN, from Bloomberg Oil prices climbed Monday after shoppers pumped up holiday retail sales in the U.S., and investors bet that Europe would find a last-minute solution to its financial crisis. The U.S. crude benchmark rose $1.60 to $98.37 per barrel in New York. Brent [...]
Russia’s military chief warns that heightened risks of conflict near borders may turn nuclear By Associated Press MOSCOW – Russia is facing a heightened risk of being drawn into conflicts at its borders that have the potential of turning nuclear, the nation’s top military officer said Thursday. Gen. Nikolai Makarov, chief of the General Staff [...]
PETROLEUM THE “COLD WAR” CONTINUES Sarkozy warns Russia over Georgia ‘threats’ during tour From the BBC October 7, 2011 See the related story about petroleum in the area. See Dr. Pinna’s comments below… Mr Sarkozy helped negotiate a peace deal between Russia and Georgia in 2008 French President Nicolas Sarkozy has told thousands of Georgians [...]
The entire world watches the Libyan rebels take on Colonel Gaddafi’s well trained forces, while NATO planes hit Gaddafi’s headquarters from the air. NATO, in this instance, is being run by the Europeans, and not the Americans. It is the Europeans (particularly France and Italy) who need the oil in Libya. For forty-two years, these [...]
OIL Near Three-Week High on Forecast Drop in U.S. Stockpiles By Ben Sharples, from Bloomberg Oil rose for a second day in New York on speculation crude inventories declined for a fifth week in the U.S., signaling fuel demand may be climbing in the world’s biggest consumer of the commodity. Futures gained 0.6 percent, after [...]
By Henry Meyer, from Bloomberg March 16, 2011 – Bombs and tear gas are threatening to smother the “Arab Spring” that toppled the leaders of Egypt and Tunisia and promised to spread democracy in the Middle East. Already fighting two wars in Muslim countries, the reluctance of the U.S. and Europe to engage in a [...]
Oil, Gold Climb on Libya Fighting; Greek Debt Risk Increases By Stephen Kirkland, from Bloomberg Oil rose to a 29-month high while gold jumped to a record as fighting in Libya intensified. Greek default risk climbed after Moody’s Investors Service cut the nation’s credit rating by three steps, while European stocks gained and U.S. index [...]
