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((((PR)))) COMING SOON!!!!!!!!!!!
LastingPleasure and LastingPower
You can call for confirmation Monday!
Big hike next week!!!!!!!!
((((PR))) coming SOON!! Weeeeeeeeeeeeeeeeeeeeerrrrrrrrrrrrrreeeeeegooooooiiiiiiiinnnnnnnnngggggguuuuuuuuupppppppppppppppppp
(((((PR))))) SOON COMING!!!!!!!!!!!!!!!
Congressional Approval of TRIA guarantees $56 minimum, imo
New Saudi King may cut production.
Get ready for hike soon as new Saudi King may cut production.
Oil Jumps as Saudi King’s Death Spurs Speculation Over Policy. Major economic policies likely shift back to the more traditional conservative Saudi economic policies. Likely a cut in oil production soon will be announced.
Oil Jumps as Saudi King’s Death Spurs Speculation Over Policy
By Ben Sharples and Sharon Cho Jan 22, 2015 11:45 PM ET
Photographer: Brendan Smialowski/AFP/Getty Images
King Abdullah of Saudi Arabia speaks before a meeting with the U.S. Secretary of State... Read More
Oil jumped after the death of King Abdullah of Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries.
Futures rallied as much as 3.1 percent in New York and 2.6 percent in London after the Saudi royal court announced the death in a statement. Crown Prince Salman bin Abdulaziz will succeed Abdullah on the throne. The kingdom, the world’s largest crude exporter, led OPEC’s decision to maintain its oil-production quota at a meeting in November, exacerbating a global glut that’s driven prices lower.
“The passing of King Abdullah is going to increase uncertainty and increase volatility in oil prices in the near term,” Neil Beveridge, a Hong Kong-based analyst at Sanford C. Bernstein & Co., said by phone. “I wouldn’t expect a change in policy in the near term to be known, but the passing comes at a challenging time for Saudi Arabia.”
Oil fell almost 50 percent last year as the U.S. pumped at the fastest rate in more than three decades and OPEC resisted calls to cut output. Crude stockpiles in the U.S., the world’s biggest oil consumer, rose by 10.1 million barrels through Jan. 16, the Energy Information Administration reported on Thursday. That was the biggest volume gain since March 2001.
Policy Uncertainty
West Texas Intermediate for March delivery climbed as much as $1.45 to $47.76 a barrel in electronic trading on the New York Mercantile Exchange and was at $47.19 at 12:39 p.m. Singapore time. The contract dropped $1.47 to $46.31 on Thursday. Total volume was about 52 percent above the 100-day average. Prices have decreased 3.1 percent this week.
Brent for March settlement advanced as much as $1.28 to $49.80 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $2.27 to WTI, compared with $1.04 on Jan. 16.
King Abdullah oversaw a fivefold expansion in the size of the Arab world’s biggest economy and met the Arab Spring with a mixture of force and largesse. He died after almost a decade on the throne. He was born in 1924.
“The market is reacting bullishly to this news because it may usher in a period of uncertainty as far as Saudi policies going forward as new leadership takes over,” said Andy Lipow, the president of Lipow Oil Associates LLC, an energy consultant in Houston, Texas.
Market ‘Tensions’
King Salman, in his previous capacity as crown prince, read a speech on behalf of the monarch on Jan. 6 that confirmed the continuity of Saudi oil policy in the face of market “tensions” caused by slow growth in the global economy.
A key indicator will be whether Salman, 79, retains the oil minister, Ali al-Naimi, who has driven decision-making since 1995. Al-Naimi, who turns 80 this year, has said he’d like to devote more time to his other job as the chairman of the science and technology university named after the late sovereign.
“There’s the possibility that Ali al-Naimi could be replaced as oil minister,” said Phil Flynn, a senior market analyst at the Price Futures Group in Chicago. “The biggest concern is uncertainty. But, because the world is awash in oil, the reaction was muted.”
The king’s death also raises the question of whether instability across the Middle East will intensify, according to Flynn. King Abdullah had “done a good job trying to subdue” insurgents in the country, and Saudi Arabia may face increasing pressure from them now that he’s gone, he said.
Global Supplies
Middle East nations account for half of OPEC’s 12 members. The group, which supplies about 40 percent of the world’s oil, maintained its collective production target at 30 million barrels a day at a Nov. 27 meeting in Vienna. Output averaged 30.2 million in December, data compiled by Bloomberg show. Saudi Arabia pumped 9.5 million a day last month.
“Any form of economic instability after the death of the king will create a little bit of uncertainty,” said Jonathan Barratt, the chief investment officer at Ayers Alliance Securities in Sydney. “The market is exceptionally short, so even if there’s a bit of a slight err, you could see a rally of some substance. The supply story is still out there.”
U.S. crude inventories have risen to 12 percent above the five-year average for this time of year, based on Thursday’s report from the EIA, the Energy Department’s statistical arm. Production surged to 9.19 million barrels a day through Jan. 9, the most in weekly records dating back to January 1983.
In China, crude imports from Saudi Arabia climbed to 4.52 million metric tons in December, up 13 percent from the previous month, data from the General Administration of Customs in Beijing show. The Asian nation is the world’s second-largest oil consumer, according to the International Energy Agency.
To contact the reporters on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net; Sharon Cho in Singapore at ccho28@bloomberg.net
To contact the editors responsible for this story: Pratish Narayanan at pnarayanan9@bloomberg.net Yee Kai Pin
NICE GREEN DAY..WEERE GOING UP
Saudis are hedging the U.S. Producers in this glut market period of production. Refusing to scale back oil production will create many M&A to occur by June 2015. Will be Q3 2015 when prices start making a significant turnaround, imo
Today the MM algorithm should change to boost price, o/s at 679M or about 71% of a/s. Depends whether MM can shake out weak shares.
If this doesn't go up soon I'm gonna be forced into using my sample LastingPower and LastingEnergy!!
KR8008ST: DO YOU OWN SHARES?
Lock up your shares..MMs shorting
Only MORONS selling at these prices
MMs shaking out weak shares!!
Claytrader chartists predict 6.5 cents
MMs algorithm soon ups Ask!!!
Lawerence Woo previously Pfizer VP
Doesn't matter if you get 10,11 or 12s This stock will ROCK!WEEEEEEEEEE
Hahaha.Just loving Newbie views < : )
SENT BUFFETT EMAIL TO BUY
NAYSAYERS BECOME YAYSAYERS TOMORROW >>>>WEEEEEEEEEEE
HBRM: "HAS BEST REAL MONEY"
WELCOME TO ONE OF 2015s BEST
READY TO RUN TUESDAY>Weeeeee
Clear Channel Radio interview-GREAT
Gave u a marker. Can hit me back if u like! GLTY
WELCOME BONES! GLAD TO SHARE
HBRM is NOT a SCAM!!!
FOLLOW BONES...HE KNOWS!!!!!!
PREVIOUS POST TO KR8008ST:
kr8008st, you wrote to another poster "If you don't care about the stock why are you on hbrm ihub?"..so I assume you 'care'.
You also posted to the same person on 9/19/14 when the pps was about .02 "Just to clarify, I bought those 500k shares yesterday and do not hold a short position. This will be a long term play for me. Really hope hbrm management is not involved in insider trading, this stock is being manipulated like crazy. We should have never dropped bellow.05" ..and yet you bought shares. So maybe you held all the way down and didn't cut your losses and are now upset. Maybe you hate to see others take advantage of this potential opportunity to get cheaper shares that may become a 10 bagger from .002 to .02, who knows
better than you why your still posting here?
BTW the older shares were not cut in half, it was 1 share for
1000...leaving only a million or so shares and then it became 4.5M O/S and last reported 17M+ O/S and maybe a few mil more now ...still very low and noting that before the r/s the stock had nearly a billion shares and still went to .021. Now compare that market cap with todays.
AcnEase RATES #1 ACNE MED IN UK AND NYC 2014 BEAUTYFEST!!!!!!!!!!!!
FULL-REPORTING STATUS COMING!
WHERE'S A BETTER VALUED STOCK
RIG is great company with great upside potential in oil and nat gas too
"FreeMoney" refrencing "MoneyMade" not "MiracleMan" in previous posts.