In The News – Thursday, December 4th, 2014 Edition
comforting to see Santa Claus carried away in the back of a paddy wagon. It brought watching children to
tears as they realized their Christmas toys might be in jeopardy.
probably shouldn’t be a surprise. November oil & gas permits have dropped nearly 40%. It’s how commodities usually
react to falling prices. Farmers have done it over and over again and oil
companies are subject to the same market forces. It’s the classic corn/hog
cycle played out in the crude markets.
The Saudis expect oil to settle
around $60/bbl. That, I
think, sends a signal that they would probably cut production if it appeared
that oil is likely to move below $60/bbl.
the Washington Post, “Every day American motorists are saving
$630 million on gasoline compared to what they paid at June prices.” Prices
below $120/bbl are a severe problem for Iran and prices below $90/bbl could
have dire consequences. How sad. This is an interesting article. The Iranian rial is trading at its lowest point in a year and Iran
just raised the price of break 30%. There are likely to be some unhappy
denizens of that terrorist regime. Again, let the crocodile tears flow.
anyone question the appointment of a soap opera
Ambassador to Hungary? I felt sorry for the White House Press Secretary Josh
Earnest. This was a LOL series of questions. Even the press secretary was quick
to admit he had no part in the decision. John McCain has some comments on the
nomination of The Bold and the Beautiful
sure my Aggie friends will have a big time with this headline: About 100 brains
missing from University of Texas. No comment.
always find Ed Yardeni’s comments interestng. His view is that the U.S. oil
industry intends to play the Saudis “game of chicken”. The raw data indicates that U.S. oil
production is still rising, particularly in Texas and North Dakota.
like to see the press give stories like this about the police as much coverage as
incidents like Ferguson, MO. I expect things like this happen far more often
than the other type of incident. Here is an interview with the father, Tim Lejeune. As the father of a fifteen year old, this
story brought tears to my eyes.
I’m heading out into the woods with my lab and he’d better sniff something up
or I’m going to consider getting a pig. A white truffle just unearthed in
central Italy weighed 4.16 pounds and is expected to bring over $1 million at
auction this week in New York City.
Ruble is worth about 2? currently and Dennis Gartman believes it is headed toward 1.5?or lower. With a
crumbling ruble, falling oil prices and rising inflation, Vlad may be facing
the biggest crisis in his political career. A current joke going around Russia
is that “Oil, the Ruble and Putin are all headed for 63 next year.”
As T. Boone said, the Russians have
essentially two inputs into GDP, oil and vodka. They export oil and drink the
is a product that can’t hit the market too soon. A way to block texting while
driving. With two sons, I can assure you I will be first in line when my carrier offers this option. Accidents and vehicle death cause by
distracted drivers has overtaken alcohol as a cause.