From the monthly archives:
If you were playing along at home yesterday, and trying to guess the town I’m visiting on the first leg of my trip to Mexico, that town is Guanajuato.
Guanajuato is an important city in Mexico both historically and mineralogically. Here is the view from the airport. See those mountains? They’re stuffed with silver.Guanajuato [...]
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I’m waiting for my plane in Ft. Lauderdale. Then, after a stop in Texas, it’s off to Mexico.
My first stop is an amazing city. Let me tell you about it …
The city was founded on silver. A large silver vein found in the 16th Century sparked a silver rush. As the number of miners grew, [...]
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Man, I just step out for one minute and you kids send the price of oil up to $134 per barrel. This is why we can’t have nice things!
I’ve found some interesting stories on the subject. Robert Scheer’s story “Paying for War at the Pump,” is a must-read.
Mish Shedlock has a great [...]
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Have I mentioned that I hate flying? I SO wish there was a train to Mexico, LOL.
Anyway, here’s what I’m reading to keep my jangly nerves from exploding …
Petrobras to Order $30 Billion Worth of Drill Ships, Rigs for Tupi Site Petroleo Brasileiro SA, owner of the Western Hemisphere’s largest oil discovery [...]
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Saudi Arabia said on Friday that it would raise its daily output by 300,000 barrels per day … Angola is scheduled to start shipping a new blend of crude oil in July, boosting production by about 90,000 barrels a day… Iraqi oil production rose to more than 2.5 million barrels a day last week, [...]
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Here’s some news you can use …
Who’s to blame for $4 gas There is no short answer - many things happened, and together they formed a chain of events from cheap gas to $100 tankfuls.
China Quake May Cause Loss of 60,000 Tons of Zinc Output, Antaike Reports Zinc output in China, the world’s [...]
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CRUDE OIL
And yet prices keep going higher …
Angola is scheduled to start shipping a new blend of crude oil in July, boosting production by about 90,000 barrels a day. Iraqi oil production rose to more than 2.5 million barrels a day last week, the highest this year. Saudi Arabia, the world’s biggest oil exporter, [...]
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Here are some charts I’m watching …
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Why is oil going high and going higher? Well, basically, the world economy is growing at 4%. The world oil supply is flat or growing — at most — 1%. The world economy runs on oil. And that’s a recipe for higher oil prices.
Here is a movie you might want to check out [...]
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The Labor Department gave us the latest reading on CPI yesterday and it was a little tamer than market expectations. Analysts were looking it to come in at 0.3% and it was reported to be 0.2%. Oh, hurray! What’s more, core inflation (excluding food and energy was pegged at 0.1%.Here are the year over [...]
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