NEW YORK, July 4 — The US overtook Saudi Arabia and Russia to become the world’s biggest producer of oil as extraction of energy from shale rock strengthens the nation’s economy, Bank of America Corp said.
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Tag Archives: Russia
Canadian Oil Can Make the World a Safer Place
Given Canada’s proximity to the United States, we tend to take our peace and security for granted. This comfortable distance from most of the world’s violence has also led us to underestimate how useful Canada might be in defusing threats elsewhere using an item some people overlook as leverage: energy.
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WELCOME TO THE CURRENCY WAR: RUSSIA CHINA BYPASS THE PETRODOLLAR
As it tries to punish Russia for the latter’s dismemberment of Ukraine, the West is discovering that the balance of power isn’t what it used to be. Russia is a huge supplier of oil and gas — traded in US dollars — which gives it both leverage over near-term energy flows and, far more ominous for the US, the ability to threaten the dollar’s rein as the world’s reserve currency. And it’s taking some big, active steps towards that goal. As Zero Hedge noted on Tuesday:
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Showdown in Ukraine: Putin’s Quest for Ports, Oil, Pipelines and Gas
Yes, Russia is guilty of meddling in Ukraine, but then again so are the United States and the European Union. The major difference is that far less was said and much less reported by the international media over the Americans’ and Europeans’ interference than of Russia’s actions and the reactions it caused.
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LAST WEEK: A PIVOTAL TURNING POINT TO GO DOWN IN HISTORY
This past week will go down in history as a pivotal turning point never to be forgotten.
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Russia to become a Major LNG Producer within a Decade
Leonid Mikhelson, the chief executive and co-owner of Novatek, has predicted that Russia will become one of the top LNG producers in the world within the next ten years, matching even the likes of Qatar, the current top producer.
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A MASSIVE ECONOMIC DISASTER – WAR AGAINST SYRIA
What If War Against Syria Causes China, Russia And The Rest Of The World To Stop Buying US Debt?
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How will Russia and China’s Growing Relationship Affect Global Politics?
Historically, Russia-China relations have been characterized by long periods of mistrust, interspersed with bouts of anger, fear, resentment, and at times even open hostilities. During the Soviet period, Moscow and Beijing were, for the most part, able to present a superficial front of friendship based on a common communist ideology. Yet, despite their past differences—at times irreconcilable—the two countries are now cooperating and could even become ‘bedfellows’ again, a development that would be perceived as rather alarming by many Western analysts.
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From Russia with cash
Video: http://tinyurl.com/ckkc3j5
ROGERS: BUY SILVER, TOO MUCH SPECULATION IN GOLD
Jim Rogers is still shorting bonds, favors silver over gold and is looking for ways to go long on Russia.
Jim Rogers takes no prisoners in the way he makes the case for commodities. The author of “Hot Commodities” is so bullish—particularly on agriculture these days—that hearing what he has to say can leave you a bit unsettled. When IndexUniverse.com Managing Editor Olly Ludwig caught up with Rogers recently, he said new RBS’ lineup of commodity ETNs that have his name on them are so far superior to the competition.
Read more: http://tinyurl.com/cw829yt