Wednesday, October 25, 2006 10:22:23 PM
Subject: More Crude
There is a really good piece out this morning by Jan Stewart on the oil and futures markets. The key points are:
* The non-commercial futures players are heavily short
* UBS is expecting higher prices soon
* More OPEC members are touting their production cuts
* Iran is complaining about the lack of participation of non OPEC nations Norway and Russia
* Putin's Russia is moving as fast as possible to expand their international scope in energy
* Rosneft is to borrow $24.5 billion
* Russian banks plan to issue shares and loan the money to them
* Environmental regulators continue to press foreign companies on Sakhalin and XOM talks about access
Putin and his perhaps successor Vladimir Ivanovich Yakunin worked in the State Committee responsible for foreign trade
* KGB now runs the Russian Railway Company, Russia's second largest enterprise after Gazprom
* Orthodox Christians lead the board of trustees of the St. Andrews Foundation, which sounds harmless but this is a powerful patriotic organization created in 1992 with the goal of advancing the ideology of national revanchism. I had to look that up - from the French revanche or revenge. It is a political manifestation of the will to reverse territorial losses incurred by a country. Strength comes from patriotic and retributionist thought, often motivated by economic or geopolitical factors.
Information contained herein is based on reports, communications, or other sources believed to be reliable. However, such information has not been verified and we do not make any representation as to its accuracy.
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM