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On September 1, 2009, Libya lavishly celebrated the 40 years in power of its leader Colonel Muammar Gaddafi. Once qualified as the mad dog of the Middle East by President Ronald Reagan, Gaddafi has demonstrated a sheer ability to make of his once pariah (...)
10 Mar. 2010 | | Staffjam
Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex’s benchmark West Texas Intermediate settled Friday at $81.50 a barrel, a (...)
9 Mar. 2010 | | Staffjam
The elections in Iraq on March 7, 2010, are likely to serve as an important indicator of the prospects for a resolution of the long-running dispute over the administration of the ethnically mixed and resource-rich province of Kirkuk in the north of the (...)
8 Mar. 2010 | | Staffjam
The European currency has depreciated dramatically against the US dollar in the past few months, falling from over $1.50 on December 1st to $1.35 today. The move has caused many investors to question the viability of the European Union and its currency, (...)
The Russian gas giant this week said it will allow up to 15% of its gas sales to Europe to be sold at spot gas prices on the continent. This is a big shift for Gazprom. Previously, the major insisted on selling gas to European users under long-term (...)
5 Mar. 2010 | 1 comment | Staffjam
With Yemen’s oil revenues plunging, the government’s push into the gas market seemed like an economic saving grace for a state wracked by poverty and terrorism, but analysts warn more thought should be given to carving out the country’s (...)
4 Mar. 2010 | 1 comment | Staffjam
The euro as presently configured is doomed due to structural imbalances between mercantilist and consumer nations. A "euro1 and euro2" system would allow a face-saving demise to euroland’s single currency. I’ve got a bad feeling about the (...)
European shale-derived natural gas could become a reality far sooner, and in far larger quantities, than markets expect. In a Securities and Exchange disclosure from last Thursday Chevron confirmed that it won new rights to explore Poland for potential (...)
3 Mar. 2010 | 1 comment | Staffjam
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