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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (186127)10/23/2014 2:18:35 PM
From: elmatador  Respond to of 206336
 
How it will develop:
Saudi Arabia can go through patch of low oil prices.

US for the first time failed to import a single barrel of crude oil from Naija.

Looking like every man for himself now.

Weaklings first will use reserves.

Then will have to sell more oil for whatever price they can get. Guess who's coming to "save" Venezuela Libya Angola and Iran?

China’s outbound direct investment is for the first time set to exceed investment into the country, highlighting the ongoing shift of global economic influence to the east.

Outbound direct investment rose 21.6 per cent in the first nine months compared with last year to $75bn and on Wednesday a senior Chinese official said that on current trends it would probably exceed inbound investment by the end of the year

Message 29770925



To: richardred who wrote (186127)10/23/2014 2:41:38 PM
From: elmatador  Respond to of 206336
 
Cheaper oil Winners and losers

America and its friends benefit from falling oil prices; its most strident critics don’t
Message 29771438



To: richardred who wrote (186127)10/23/2014 2:53:06 PM
From: elmatador  Read Replies (1) | Respond to of 206336
 
Brazil wants a high oil price to attract investment to its ultra-deep offshore (pré-sal) oil reserves. But cheap oil is a boon to its farmers, and in the short term to Petrobras, its state-controlled oil firm, which has been forced to import at world prices and sell at a government-capped rate in order to keep inflation artificially low. For the first time in years, it is no longer making a loss on the imports it sells.

Message 29771438