Worlds Richest Worth $1 Trillion on Billionaires Index
Saudi Prince Alwaleed bin Talal joined the index, which doubled the number of billionaires it tracks yesterday. Alwaleeds fortune has increased 18.2 percent, or $3.2 billion, this year, as shares of his Kingdom Holding Co. (KINGDOM), a diversified.
Peak Oil ��� the R/P Ratio re-visited | Watts Up With That?
Guest post by Mike Jonas On Dec 13, Willis Eschenbach posted a convincing (and eloquent as always) argument The R/P Ratio against Peak Oil being imminent. I would like to present a. http://www.independent.co.uk/news/world/middle-east/saudi-king-we-will-pump-more-oil-847830.html. [15] Energy.. There is also the point that we havent quite worked out how oil is formed ��� is it the bones of dead trees and dinosaurs or is it formed abiotically? The deep wells��.
The Oil Drum | Drumbeat: July 29, 2010
The draft coal policy has been revised again and again in the light of recommendations of the experts but the final policy resolving the contentious issues involving the method/s of mining is yet to emerge. The dispute over.. HOUSTON/MIAMI (Reuters) ��� BP may permanently shut the well that caused the worst off-shore oil spill in U.S. history as early as Monday, the company said as speculation grew over assets it might sell to cover mounting costs. Incoming BP chief��.
The Oil Drum | DrumBeat: July 11, 2008
The BusinessWeek story cited below, along with King Abdullahs April announcement that they will not be opening new fields, provides evidence that we are near ��� or perhaps even at ��� Peak Oil.. Some, such as Matthew Simmons, a Texas-based energy investment banker, have even speculated that Opec, and particularly Saudi Arabia, its biggest member, are hiding behind lower demand forecasts to obscure the fact that they will be unable to squeeze as much��.
NFL Owners Approve Helmet-Contact Ban, Eliminate Tuck Rule
National Football League owners approved a new rule that prohibits a ball carrier from lowering his head and using the crown of his helmet to make contact with a defender in the open field. The rule, aimed at improving player safety, had been.
The Oil Drum | DrumBeat: July 15, 2008
A much faster, more effective action to reduce oil prices would to sell a half million barrels of oil per day from the Strategic Petroleum Reserve to increase supply, reduce prices, and burst the ���speculative bubble��� that leads speculators to buy oil... DUBAI (Reuters) - Top oil exporter Saudi Arabia will be able to pump at 12.5 million barrels per day for as long as the market needs when new capacity comes online next year, a Saudi oil official told Reuters on Tuesday.
How clearly do we see the rising inequality in America? How do we feel about.
The paper is thoughtful, even-handed, and a refreshing break from dreary speculation that the lower-income groups are dominated by a disproportionate share of misguided lottery enthusiasts.. The small business middle class is shrinking because it.
The Oil Drum | Drumbeat: December 3, 2010
U.S. Oil, Natural Gas Rig Count Climbs by 26 to 1,713, Baker Hughes Says. Oil and natural-gas. BEIJING���Beijing is promising new subsidies to develop Chinas solar power industry -- policies already under fire from the United States as a possible trade violation. BP says govt.. Saudi Arabias King Abdullah will undergo more surgery today in New York to repair several vertebrae, the official Saudi Press Agency reported, citing a statement from the Royal Court.
The Oil Drum | Drumbeat: July 8, 2011
Saving your job -- which has occupied Saudi King Abdullah on and off -- can be motivational. But when. ISLAMABAD: The government has decided to enact stricter policies towards those involved in stealing electricity, with the water and power ministry proposing jail terms of up to one year and fines of up to Rs500,000. Pakistanis. Power cuts were also a factor in protests in the industrial center of Karachi this week that have left at least 35 people dead. Karachi is��.
Saudi Stocks Drop After Death of Nayef - Businessweek.
The death of Nayef comes as the worlds largest oil supplier confronts unemployment challenges at home and unprecedented change in the Middle East after popular uprisings toppled leaders in four countries, including Egypt and Libya last. King Abdullah unveiled a $130 billion spending plan in the first quarter of 2011, including allowances for government workers and salary increases for military personnel.. U.S. Stocks Increase as Data Spur Speculation on F..
Oil Futures Rebound From Five-Year Low After OPEC Slump
Brent for January settlement climbed $2.39 to end the session at $72.54 a barrel on the ICE Futures Europe exchange. It was the. Saudi Arabian Oil Minister Ali Al-Naimi cited the threat from U.S. shale as the main justification for maintaining the.
The Oil Drum | Drumbeat: January 18, 2012
Commodities rose the most in two weeks amid speculation that China may ease monetary policy, boosting prospects for raw-material demand, after its economy expanded at the slowest pace in more than two years.. (Reuters) - Saudi Arabia is unlikely to reverse its decades-old policy of prohibiting foreign involvement in oil exploration and production, despite a plea from China for the worlds leading crude exporter to open up... Cash flow is almost always king.
Global Warming: Coal - Open Source with Christopher Lydon
Oil and gas are running out. Wind, water, and solar cant yet keep up with our voracious demand. Most importantly, coal is CHEAP. And we have TONS of it (270 billion tons of it, to be exact) within our own borders ��� so Big Coal is capitalizing on 9/11 and its aftermath.. Michael Arndt, The New Clean Fuel: Coal Producer Goes Green, Business Week Online, September 26, 2005: ���If regulators side with AEP, it could lead other power companies to make the switch.
Irans 300% Stock Rally Fades as Nuclear Deal Eludes Rouhani
The exchanges market value climbed 38 percent since 2011 to $120 billion, compared with $484 billion for Saudis exchange. Saderat Bank, subject to European Union sanctions since 2010, and Parsian Oil and Gas this year tumbled more than 31 percent from .
Cargills Black Sea Stop Is Booming 2600-Year-Old Port
Soft wheat output in Romania, Bulgaria and Hungary rose to a combined 17.7 million tons from 7.4 million tons a decade earlier, when the region suffered a drought, according to Eurostat data. Corn output climbed to 20.8 million tons from 15.3 million.
Zmans Energy Brain ~ oil, gas, stocks, etc��� �� Blog Archive.
9, a signal that it is prepared to let current output levels ride for months and avoid policy speculation that inevitably builds around OPEC gatherings.. OPECs decision to keep output steady was a replay of a February move that followed extraordinary face-to-face lobbying by President George W. Bush with King Abdullah, the leader of Saudi Arabia, the worlds biggest oil exporter and de facto OPEC leader.. Another FARC leader dead according to Columbia.
Yangon More Expensive Than NYC Sparking Boom: Real Estate
He looked in the citys three sole 1990s-era towers, where annual rents have climbed to more than $100 a square foot, compared with less than $75 in downtown Manhattan, according to broker CBRE Group Inc. Too expensive, he said. The villas he.
The Oil Drum | DrumBeat: September 2, 2006
SINGAPORE, (Reuters) - Saudi Aramco, a major fuel oil exporter to East Asia, has imported its first-ever cargoes of the residual fuel, taking a total of around 160,000 tonne for August and September deliveries, to meet peak.. Despite these comments, I think we would agree that individuals will do more physical work in the future, e.g. ride bikes, climb stairs, farm labour, whatever... I think James Bovard of the CATO Institute put it best in a 1995 policy paper: `.[O]ne��.
Zimmer to Buy Biomet for $13.4 Billion Adding Orthopedics
Smith and Nephew climbed 3.4 percent to 909 pence in London. It had risen 19 percent in the past 12 months through yesterday. Credit Suisse Securities LLC is acting as financial adviser for Zimmer and White and Case LLP acted as legal adviser, according to .
Citigroup Said to Move Its CBOT Floor Workers to Chicago Office
Citigroup Inc. (C) is moving employees on the Chicago Board of Trades grain and financial floors to its office in Chicago, according to a person briefed on the decision who asked not to be named because it isnt public. The bank has a sales staff.
EU, Japan to Lose Third of High-Energy Goods Share, IEA Says
���Unlike crude oil prices, which are relatively uniform worldwide, prices of other fuels have become subject to significant regional variations,��� the IEA said. ���Although gas price differentials have come down from the extraordinary levels seen in mid.
Suzlon Energy May Seek to List Senvion Unit by March
The benchmark SandP BSE Sensitive Index climbed 0.5 percent. Senvion, formerly known as Repower Systems SE, makes offshore wind turbines. Senvion is a ���marquee��� asset, and European capital markets are showing an appetite for renewable-energy .
Madoff Ex-Accountant Tells Jury Aide Helped Fudge Taxes
Bernard Madoff and his wife chose the exact amount of personal tax they would pay each year with the help of fake documents provided by a top aide on trial over the con mans $17 billion fraud, a jury was told. Daniel Bonventre, one of five former.
Oil Climbs as Saudi Kings Death Spurs Policy Speculation.
Businessweek Oil rose 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��.
Snippets on Euro, Gold, Dollar and International Trade.
Furthermore, the U.S. Saudi axis sometimes increase the dollar price of oil, and in this case, you would be in trouble unless you had a considerable reserve of dollars at hand.. The above thoughts tell me that they must prefer a resolution in which the link with oil breaks first because this would give them the scope to freely choose their policy... Since the death of founding Saudi King Abdulaziz in 1953, all subsequent kings have come from among his 45 sons.
Silicon Valleys Talent Grab Spawns High-School Interns
As downloads of 4Snaps climbed last year -- at one point becoming the top word game in Apple Inc. (AAPL)s App Store -- Facebooks Parse team contacted Sayman to feature the app on the company blog. They also asked him to make a video explaining .
The Oil Drum | Drumbeat: February 1, 2010
SINGAPORE - Top oil exporter Saudi Arabia is expected to raise prices of all its crudes heading to Asia for March on healthy fuel oil cracks and improving refining margins, after cuts last month, traders said on Monday. In a poll of five refiners.. The so-called refinery crack spread in Singapore, representing the value of fuels minus the cost of crude oil, may climb 50 percent to as much as $4.50 a barrel this year, according to a Bloomberg News survey of five analysts.
Oil Climbs as Saudi Kings Death Spurs Policy Speculation
Oil rose 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 .
The Oil Drum | DrumBeat: January 5, 2008
The rise of oil prices and production concerns is renewing interest in the peak oil theories which originated in 1956 when the US geoscientist Marion King Hubbert correctly forecast that US oil production would peak in about 1970... Officials of the Saudi state-owned oil giant Saudi Aramco have informed the press that it is in the process of bringing on stream its 500,000 bpd Khursaniyah oil field, which was originally due for completion in late 2007, but no specific��.
Tesla Rebounds as Shoppers Look Past Pump Prices
So the oil rout may not hammer the stock for long. The 13 percent decline in Tesla shares since the Thanksgiving holiday in the U.S. was driven by concerns that falling oil prices will dry up demand for the companys cars, analysts said. That.
Dubai Shares Soar Most on Record as Fed Pledge Spurs Global Jump
Oil climbed 3.3 percent to $63.21 a barrel at 12:35 p.m. in London.. Oil markets are experiencing a ���problem��� that is temporary and caused mainly by a slowdown in the global economy, Saudi Arabias Oil Minister Ali Al-Naimi said in a statement.
The Oil Drum | DrumBeat: July 10, 2008
According to the Center for Economic and Policy Research (CEPR) in Washington, however, theres not enough oil in offshore areas to make much difference in world prices ��� which drive most worldwide pump prices, including those in the United States. OPEC Rakes in. After failing to find agreement at a summit in Saudi Arabia on June 22, last weeks industry event in Madrid frequently resembled a dialogue of the deaf with both sides sticking to their positions.