Posts filed under “Energy”
Cool map of the globe, with countries’ sizes depicted relative to their Oil Reserves:
Courtesy of Energy Bulletin
I don’t know who actually created this, as its bouncing round the blogosphere/email rounds with no credit attached.
If anyone knows who actually created this (and I don’t mean who not posted) this, I would be much obliged if you would clue me in via comments . . .
UPDATE DECEMBER 22, 2007 10:19pm
Thanks to Entrepreneur, we now can credit Energy Bulletin for the map — thanks!
A tale of two headlines:
Won’t someone please explain this to me?
How is it possible that the regions of the world with strong currencies — like Europe, U.K., Australia, and Canada — are having inflation problems. And yet at the same time, the nation having a record low currency — i.e., the United States and our Dollar — doesn’t seem to either inflationary pressures (At least according to official CPI data). And we seem to have little concern about further currency induced price increases.
Am I the only person who finds this incongruent?
If Goldman Sachs is correct, and the Fed does eventually cut rates to 3% — what might that mean for various dollar priced commodities like Oil & Gold?
Probably very little — if (and this is a big IF) we are in the throes of a recession. But what if the Bulls are right, and this is merely a mild mid cycle correction?
A 3% Fed rate could mean Oil at $150 and Gold at $1200.
Excerpts after the jump . . .
Inflation fears hit eurozone
By Ralph Atkins in Frankfurt and Krishna Guha in Washington
FT, November 27 2007 18:02
Goldman Sees Funds Rate Cut to 3%
WSJ, November 27, 2007, 9:26 am