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Business/Economy (Bloggers & Personal)

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  • Space mining is now part of American law

    11/25/2015 2:20:00 PM PST · by Marcus · 17 replies
    The Hill ^ | November 25, 2015 | Mark R. Whittington
    The Commercial Space Launch Act of 2015, recently passed by both the House and Senate, is unique because the legislation covers a subject that is not directly related to space launches and was once the stuff of science fiction. An entire title of the bill covers the subject of mining resources from asteroids and other celestial bodies.
  • Will Republicans Backtrack on Corporate Welfare Cuts?

    11/25/2015 9:56:41 AM PST · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 11/23/2015 | Michael LaFaive
    Monday morning, reporters Zoe Clark and Rick Pluta published a radio story and article about how Lansing Republicans “had adopted the tax break religion” on targeted tax breaks. As evidence, there is apparently a deal in the works that would provide taxpayer funds of some sort to a particular business in exchange for a promise to locate or expand in West Michigan. The article tries to make the case that Republicans have been opposed to tax credits. But this is hardly the case, whether in the early to mid-2000s or even more recently. Consider the evidence presented by the authors....
  • U.S Drillers’ Operating Loses Could Surge In 2016

    11/25/2015 9:27:01 AM PST · by bananaman22 · 3 replies
    Oilprice.com ^ | 25-11-2015 | Mike
    What do you do when all of the low hanging fruit is gone? That question is one that oil producers are increasingly facing as they confront an oil price slump that is now more than a year old and shows no serious signs of abating. With oil prices having fallen by nearly half over the last sixteen months, it is little wonder that oil companies found their balance sheets under pressure. From Exxon to Continental all oil companies have faced problems in maintaining their capital spending and more importantly, their profitability. In light of that, it is little wonder that...
  • Democrats more determined to stop Pfizer inversion than ISIS

    11/24/2015 10:43:30 AM PST · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 11/24/15 | Dan Calabrese
    They're quite happy with "strategic patience" and "leading from behind" when it comes to bloodthirsty terrorists, but let a corporation seek to lower its tax bill . . . time for action! You can usually tell where people’s hearts really are by what animates them. There are situations when they know they’re supposed to look and sound passionate. And then there are situations in which they really are. There was much fire-breathing on Capitol Hill yesterday, not because of the growing urgency to stop the next ISIS beheading, burning, drowning or mass shooting - but because a U.S. corporation found...
  • California Governor Hails Transformation of State’s Economy [semi-satire]

    11/24/2015 10:30:03 AM PST · by John Semmens · 1 replies
    Semi-News/Semi-Satire | 22 Nov 2015 | John Semmens
    A report indicating that 9,000 businesses have relocated headquarters and other operating units outside of California in the last seven years was hailed by Governor Jerry Brown (D) as "encouraging news." According to the report prepared by Joseph Vranich, a site selection consultant and president of Irvine, California-based Spectrum Location Solutions, the exiting companies experienced cost-savings of 20-35%. "Some will try to characterize this as a loss for the state, but I don't see it that way," Brown said. "Wage-slavery is one the greatest infringements on personal freedom in our time. By inducing 9,000 exploiters to leave we are reducing...
  • Oil Jobs Lost: 250.000 And Counting, Texas Likely To See Massive Layoffs Soon

    11/24/2015 7:44:46 AM PST · by bananaman22 · 12 replies
    Oilprice.com ^ | 24-11-2015 | Charles
    Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. That spells more pain for the energy sector. Many companies have already slashed spending and culled their payrolls, but the total number of job losses continues to climb. According to Graves & Co., an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps
  • Do Not Assume Economic Development Spending is Effective

    11/23/2015 1:29:51 PM PST · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 11/22/2015 | James Hohman
    In The Detroit News, business columnist Dan Howes cites a real estate developer in arguing for more spending on state economic development: “It’s not competitive,” says Albert Berriz, CEO of McKinley Inc., an Ann Arbor-based real estate investor with a $4.6 billion portfolio spanning 33 states. “It’s a nuclear arms race, and everyone wants to put you out of business. We need to talk less and win more.” The problem is that economic development spending is an ineffective way to grow the economy. Taking money from taxpayers to spend on the programs has an economic effect as well. Numerous studies...
  • Poll: Americans say Trump most likely to ruin Thanksgiving

    11/23/2015 11:47:43 AM PST · by Biggirl · 49 replies
    The Hill ^ | November 23, 2015 | Jesse Byrnes
    Donald Trump tops a new poll of candidates Americans think are most likely to say something inappropriate during Thanksgiving and ruin the meal. The survey from the left-leaning Public Policy Polling finds that 46 percent of Americans think Trump would say something to kill the mood surrounding the turkey feasting.
  • Sanders Explains Democratic Socialism [semi-satire]

    11/23/2015 9:34:29 AM PST · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 22 Nov 2015 | John Semmens
    Contender for the Democratic presidential nomination Sen. Bernie Sanders (S-Vt) made an effort to define democratic socialism in a speech to Georgetown University students this week. "Unlike the socialism imposed by Lenin or Mao, democratic socialism allows voters to select who will rule over them," Sanders said. "With the backing of the electorate, these rulers will redress the inequities stemming from inequalities that are no fault of the individual." Sanders asserted "the notion that a person's hard work might entitle him to a disproportionate share of the world's wealth is just plain wrong. A person's ability to work hard is...
  • China Could Become Global Leader In Nuclear Tech

    11/19/2015 11:54:37 AM PST · by bananaman22 · 2 replies
    Oilprice.com ^ | 19-11-2015 | Chinese
    China continues to rack up successes in exporting its nuclear power technologies as it seeks to become a leader on the global stage. Chinese President Xi Jingping wrapped up a state visit to the United Kingdom at the end of October, in which he inked a deal with the UK to help build nuclear reactors in England. The deal will see the China General Nuclear Power Corporation acquire a 33.5 percent stake in the Hinkley Point nuclear power plant. The power plant could be the most expensive reactor ever built and although it will be constructed years behind schedule, it...
  • Will 2016 Be The Year Of Wireless Energy?

    11/19/2015 9:06:06 AM PST · by bananaman22 · 30 replies
    Oilprice.com ^ | 19-11-2015 | Maccie
    Wireless power has been a dream of mankind’s for decades, but the technology finally appears to be gaining some traction. Theoretically, numerous studies have shown that wireless power is possible through a variety of aerial transmission modalities. Yet the problem with wireless power has been getting the technology to work at a reasonable range. So far, commercial use of wireless power has been limited, but progress is being made. For instance, Samsung now has a commercially available wireless charger for its cell phones. With the charger, consumers do not need to plug their phone into the wall for it to...
  • If The Economy Is Fine, Why Are So Many Hedge Funds, Energy Companies And Large Retailers Imploding?

    11/19/2015 8:55:56 AM PST · by SeekAndFind · 12 replies
    TEC ^ | 11/19/2015 | Michael Snyder
    If The Economy Is Fine, Why Are So Many Hedge Funds, Energy Companies And Large Retailers Imploding? By Michael Snyder, on November 18th, 2015 If the U.S. economy really is in “great shape”, then why do all of the numbers keep telling us that we are in a recession? The manufacturing numbers say that we are in a recession, the trade numbers say that we are in a recession, and as you will see below the retail numbers say that we are in a recession. But just like in 2008, the Federal Reserve and our top politicians will continue...
  • AL: Selma Gun Turn "buy back" in a Success for Private Buyers, Open Carry

    11/18/2015 2:48:05 PM PST · by marktwain · 12 replies
    Gun Watch ^ | 14 November, 2015 | Dean Weingarten
    A small gun turn in event was held on 7 November, 2015 in Selma, Alabama. These events have been characterized by the propaganda term "buy back", but as the organizers never owned the guns in the first place, they cannot be "bought back". The events have become less popular in recent years as private buyers have arranged to offer more for the more valuable guns taken to these events. That was the case in Selma. Robert W. Kennedy, Jr. was a private buyer at the Selma event, and commented on it. From selmatimesjournal.com: My name is Robert W....
  • Why French Military Action In Syria Doesn’t Affect Oil Prices

    11/18/2015 8:45:38 AM PST · by bananaman22 · 3 replies
    Oilprice.com ^ | 18-11-12015 | apache
    The horrific attacks in Paris prompted a swift response from French President Francois Hollande, as he dispatched an aircraft carrier to the Eastern Mediterranean a day after airstrikes hit the key city ISIS stronghold of Raqqa. The United States responded with airstrikes on Monday, November 16, targeting hundreds of trucks that the U.S. military believes are used for smuggling oil. The NYT reported that 116 trucks were destroyed in American airstrikes by A-10 planes and AC-130 gunships in eastern Syria. ISIS generates millions of dollars per day by smuggling oil from Syrian oil fields, a source of revenue that has...
  • McDonald's unveils 'McPick 2,' to replace Dollar Menu

    11/18/2015 4:24:03 AM PST · by 2ndDivisionVet · 21 replies
    Fox News ^ | November 17, 2015 | The Associated Press
    It's the Dollar Menu, take two. McDonald's hopes it has a catchy, new deal that will be as hugely popular as its Dollar Menu. Starting Jan. 4, the fast-food chain will launch the "McPick 2" menu, which will let customers pick two of the following items for $2: a McDouble, a McChicken, small fries and mozzarella sticks. The offering has gained the necessary votes from franchisees to make it onto the national menu, and will be available in U.S. restaurants for a five-week run starting Jan. 4. After that, McDonald's said it may change the details of the offering, but...
  • The Black Lives Matter Movement Is About To Jump Into The 2016 Marijuana Battle

    11/17/2015 8:44:07 PM PST · by 2ndDivisionVet · 20 replies
    Buzz Feed News ^ | November 17, 2015 | Darren Sands
    Marijuana legalization advocates want the support of Black Lives Matter activists in 2016. But a debate on tactics is brewing legalization groups and Black Lives Matter activists who worry people of color are being left out of the burgeoning legal marijuana industry. WASHINGTON — Leading up to his meeting with the Black Lives Matter group Campaign Zero at the Frederick Douglass House in September, Democratic presidential candidate Bernie Sanders steeled himself for an argument. He’d only previously come face-to-face with Black Lives Matter protesters who wanted to interrupt him. But over the course of the meeting, the activists spoke authoritatively...
  • Book Review: Intrepid Explorer: The Autobiography of the World's Best Mine Finder

    11/17/2015 4:26:08 PM PST · by marktwain · 5 replies
    Gun Watch ^ | 18 November, 2015 | Dean Weingarten
    Intrepid Explorer: The Autobiography of the World's Best Mine Finder, by J. David Lowell 496 pages, Published by Sentinel Peak Press, University of Arizona, 2014 J. David Lowell is a hero directly out of Ayn Rand's Atlas Shrugged, but in real life. This little promoted book is an inspirational account of a life built on the American dream, a questioning and active mind, physical courage and achievement that enriched the entire world. The book is a true life adventure novel. It was hard to put down. I read longer into the night than I should have. It was impossible...
  • What The Paris Attacks Mean For Commodities Prices

    11/17/2015 9:07:30 AM PST · by bananaman22 · 6 replies
    Oilprice.com ^ | 17-11-2015 | com prices
    The Paris tragedy clearly showed the world that the war on terror has gone global. If that had not already been made clear by terror bombings in Baghdad, Beirut, and the Russian airliner in recent weeks, it was hammered home by Paris. Israeli media (debka.com) reports that no western intelligence picked up any signs of the attack plan. The grim message to the world: It could happen anywhere. For any that still needed to be convinced, the attack also revealed that the greatest threat to the west comes from radical Islam, not from Iran, Russia, or China. That fact was...
  • Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

    11/16/2015 7:34:10 AM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 16-11-2015 | rus
    Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn. The result is a heavier discount for Russia’s crude oil, the so-called Urals blend. Bloomberg reported that the Urals typically lands in Rotterdam, a major European destination, at a discount to Brent of around $2 or less. But the discount has widened to $3.50 lately due to increased competition...
  • Is The Oil Industry Really Subsidized?

    11/13/2015 9:15:26 AM PST · by bananaman22 · 7 replies
    Oilprice.com ^ | 13-11-2015 | pond
    sub•si•dy: (s?b′s?-d?) n. pl. sub•si•dies 1. Monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest. 2. Financial assistance given by one person or government to another. The oil and gas industry is suffering through a severe and prolonged slump due to collapsed oil prices resulting in the loss of hundreds of thousands of jobs worldwide and the destruction of billions, if not trillions, of dollars in shareholder value. Governments in oil-producing jurisdictions, including Alberta, find themselves in severe financial difficulty because cash flow generated by first...
  • Railroads Hit By Falling Oil And Coal Production

    11/12/2015 3:02:20 PM PST · by bananaman22 · 5 replies
    Oilprice.com ^ | 12-11-2015 | Thomas The Tank
    According to the Association of American Railroads shows that rail traffic continues to slow down, as shipments of a range of commodities are sharply lower from a year ago. New data shows fewer shipped cargoes of coal, grain, metals, and oil across the United States in early November. For example, coal shipments are down 9.7 percent year-to-date compared to the same period in 2014. Cargoes of oil and other petroleum products are also down 7.7 percent over the same timeframe. For coal, the slowdown is due to dramatic fall off in coal production. As more and more coal plants are...
  • How To Play A Potential Collapse In The HAL/BHI Merger

    11/12/2015 7:49:31 AM PST · by bananaman22
    Oilprice.com ^ | 12-11-2015 | HALBHI
    The Baker Hughes/Halliburton merger saga continues to drag on. Jefferies recently downgraded the probability of the deal being completed from 85 percent to 67 percent, indicating concern over the antitrust review being run by the U.S. government. Haliburton will have to sell roughly $7.5 billion in assets to get regulatory approval for the deal. More importantly though, it will have to sell those assets to a single buyer. Given that price tag, conglomerates General Electric and Siemens look like the most likely buyers. There is always the possibility of a dark horse bidder like Berkshire Hathaway or Blackstone, but that...
  • A Lesson from the Land of Lincoln: Electricity Competition Works

    11/12/2015 5:42:27 AM PST · by MichCapCon · 1 replies
    Capitol Confidential ^ | 11/10/2015 | Michael Van Beek
    If you think the rule of law and fiscal responsibility are key components to growing economic prosperity in Michigan, you probably don’t often look to Illinois for new policy ideas. But there’s at least one lesson Michigan could borrow from the Land of Lincoln: full electricity choice. A recent study from the Compete Coalition estimates that electricity consumers in Illinois saved $41.3 billion from 1999 to 2014 as a result of the state opening up its electricity markets. The state now features the lowest electricity prices in the Midwest. But things weren’t always so peachy in the Prairie State. As...
  • Two more Bear Spray Failures in Montana

    11/12/2015 4:50:32 AM PST · by marktwain · 56 replies
    Gun Watch ^ | 5 November, 2015 | Dean Weingarten
    Bear spray is a useful tool that can help protect humans and bears in limited circumstances. It seems that if a bear is not serious about mauling, killing, and/or eating the human, the spray can convince a bear to stop investigating the human and leave them alone. But the ability of spray to stop bears bent on attack is far less certain. Here are two more cases where bear spray failed and bullets were necessary. From kxlo-clcm.com: A lone female grizzly bear reportedly surprised a man hunting elk at Big Creek north of Gardiner on Oct. 28. The hunter...
  • Candidate Marco Rubio Tries To Hide His Support For Trans-Pacific Trade [TPP] Deal…

    11/11/2015 1:56:43 PM PST · by SatinDoll · 14 replies
    The Conservative Treehouse ^ | Nov. 11, 2015 | Sundance
    Ted Cruz isn’t the only presidential candidate trying to hide his support of the globalist trade deal known as TPP. Marco Rubio is trying a similar approach at avoidance. It would appear that both Rubio and Cruz have recognized that not only is TPP unpopular, but their support for TPP has the potential to expose their hidden alignments with Wall Street globalists. This election will be won/lost around this issue – watch. Marco Rubio - enters race( Via Breitbart ) Marco Rubio declared the Trans-Pacific Partnership to be one of three essential “pillars” of a Rubio Presidency—is now taking issue...
  • IEA Sees No Oil Price Rebound For Years

    11/11/2015 8:06:13 AM PST · by bananaman22 · 9 replies
    Oilprice.com ^ | 11-11-2015 | IEA
    Oil prices are likely to stay below $80 per barrel for another five years, according to a closely watched energy report. The International Energy Agency released its 2015 World Energy Outlook (WEO), with predictions for energy markets out to 2040. Although there are no shortage of caveats, the IEA projects that oil prices will only rebound slowly and intermittently, and the supply overhang will slowly ease through the rest of the decade. In its “central” scenario, it sees oil prices rebalancing in 2020 at $80 per barrel, with increases in the years following. At issue, as always, is supply and...
  • Veteran's Day deals

    11/11/2015 4:48:34 AM PST · by suthener · 12 replies
    Myself ^ | 11-11-2015 | Suthener
    I went to Krispy Kreme for my free Veteran's Day doughnut and coffee this morning. Then I tipped the server the cost of the items. Just a thought, but it would be good if veterans who are able would "pass it on" to others if you take advantage of the extremely generous and patriotic businesses that participate in celebrating Veteran's Day. Also, thanks for your service to all of my fellow veterans! PN1 USN (Retired)
  • The Middle East Could Face A Historic Crisis By Century’s End

    11/10/2015 7:55:54 AM PST · by bananaman22 · 11 replies
    Oilprice.com ^ | 10-11-2015 | towelhead
    Regarding the Middle East and its oil, the late Sheikh Rashid Bin Saed Al Maktoum, longtime Emir of Dubai and Prime Minister of the United Arab Emirates, once famously remarked: “My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel.” It’s an apt reminder of the finite nature of oil resources, and, of course, the wealth it brings. But, and this is what the Sheikh was getting at, it’s also a call for prudence and thoughtful...
  • Apache Resists Unsolicited Takeover Bid

    11/09/2015 9:47:02 AM PST · by bananaman22 · 1 replies
    Oilprice.com ^ | 09-11-2015 | Apache
    Apache Corporation, a Houston-based oil and gas exploration company, says that it has fended off an unsolicited takeover bid, and will continue to defend against follow up attempts to buy out the company. Bloomberg reported the news, and thus far the bidder has not been identified. The company’s shares jumped on the news, up more than 10 percent during midday trading on November 9. Apache is worth around $18 billion, so if a takeover were to occur, it would be the largest for an independent oil and gas company this year.
  • Why NASA could be vital for the European ‘moon village’ concept

    11/09/2015 9:05:27 AM PST · by Marcus · 41 replies
    The Hill ^ | November 9, 2015 | Mark R. Whittington
    The aerospace newspaper Space News recounted an exchange that took place at the International Astronautical Conference in Jerusalem, Israel recently that proved to be cringe-worthy for observers of space policy. During a panel discussion at the conference, European Space Agency’s new director-general, Johann-Dietrich Woerner presented an idea he has been touting for some time called a “moon village.” The idea is that various countries would come together to establish a lunar base, each bringing in “their special ideas, their special competence.” The moon village would be a center of science and commerce, developing techniques for resource management and testing technology...
  • Why Obama’s Keystone XL rejection excuses are a complete load of crap

    11/09/2015 8:49:51 AM PST · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 11/09/15 | Herman Cain
    From one who specializes in it. It’s bad enough that President Obama dragged his feet for seven years before doing what everyone knew he was going to do. TransCanada, the Canadian government an awful lot of Americans who could have used the economic boost (including the folks in North Dakota and an awful lot of Obama’s union supporters) were left to twist in the wind while Obama pretended he was “reviewing” the proposed Keystone XL pipeline. Of course, he was doing no such thing. He knew on Day 1 he was going to reject it because that’s what his extreme...
  • Is Hillary Clinton Obama’s 3rd term?

    11/08/2015 9:04:55 AM PST · by Sean_Anthony · 15 replies
    Canada Free Press ^ | 11/08/15 | Judi McLeod
    The Democrat establishment and their boot-licking mainstream media will brand all attempts to fight them off as ‘conspiracies’ In 2008, the Democrats pulled a big-eared rabbit out of the hat. A senator, with a sketchy attendance record, whose only claim to fame was community organizing with unrepentant domestic terrorist Billy Ayers, was ushered into the Oval Office, masqueraded as ‘the Messiah’ and life, not just in America but the world over, was never to be the same. Unvetted by the mainstream media, no one could say from whence Barack Obama came, but time soon proved that he was America’s very...
  • Business as Usual – Paul Ryan Pushes Through Multiple Wall Street Giveaways in the Highway Bill

    11/08/2015 8:50:51 AM PST · by Lorianne · 5 replies
    Liberty Blitzkrigg ^ | 06 October 2015 | Michael Krieger
    It was always going to be a seamless transition from John Boehner to Paul Ryan. These men are cut from the exact same cloth, which is worshipping at the altar of crony capitalism. They talk a good game about about “free markets” and “entrepreneurship,” but at the end of the day, are both staunch defenders of statist, centrally planned economies, as long as the subsidies go to mega-corporations. David Dayan, who’s excellent work I’ve covered many times here at Liberty Blitzkrieg, just published an article at the Fiscal Times outlining the plethora or Wall Street giveaways recently added onto the...
  • Ugh! Ben Carson and Rubio Support Obamatrade (Cruz says No)

    11/08/2015 8:32:06 AM PST · by conservativejoy · 99 replies
    Right Wing News ^ | 11/7/2015 | admin 2016 elections
    <p>Just when I was starting to like Ben Carson after he destroyed the media yesterday, he comes back with Marco Rubio to support ObamaTrade or TPP. To give you a little perspective about the so called Republicans who also support ObamaTrade, the others including Jeb Bush, nutty John Kasich and Chris Christie. Sorry Dr. Carson. You are terribily wrong on this one.</p>
  • Another Phony Payroll Jobs Number — Paul Craig Roberts

    11/08/2015 8:04:44 AM PST · by Lorianne · 16 replies
    Paul Craig Roberts Institute for Political Economy ^ | 06 November 2015 | Paul Craig Roberts
    The Bureau of Labor Statistics announced today that the US economy created 271,000 jobs in October, a number substantially in excess of the expected 175,000 to 190,000 jobs. The unexpected job gain has dropped the unemployment rate to 5 percent. These two numbers will be the focus of the financial media presstitutes. What is wrong with these numbers? Just about everything. First of all, 145,000 of the jobs, or 54%, are jobs arbitrarily added to the number by the birth-death model. The birth-death model provides an estimate of the net amount of unreported jobs lost to business closings and the...
  • These Are The 20 Worst Cities In The US - Spot The Common Theme

    11/07/2015 12:10:33 PM PST · by SeekAndFind · 45 replies
    Zero Hedge ^ | 11/07/2015 | Tyler Durden
    A new analysis by WalletHub has compared and classified 1,268 of America's small cities in the U.S. to find the ones where residents don’t have to give up much by avoiding the "bright lights" and the soaring rent. Its data set include a total of 22 metrics, ranging from housing costs to school-system quality to the number of restaurants per capita. Why live in a small city? Inevitably, life in a small city demands some tradeoffs such as shorter business hours, a heavier reliance on cars and fewer dating opportunities. It does bring benefits - tighter communities, less competition,...
  • A Hand in the Water is not Like a Hand in the Fire

    11/06/2015 6:11:18 PM PST · by Lorianne · 2 replies
    Since 2011, when the Syrian crisis begun, gradually developing into a civil war (nurtured by internal as well as external forces) the number of dead is estimated around 220,000. It is important to clarify that there is no way to ascertain that number. The UN ceased publishing their own estimates by 2014 as there was no way to verify the actual numbers. Most Syrians have already been displaced two or three times since, in the beginning they sought protection in houses of relatives and friends in neighboring cities which were considered safe. The number of internally displaced people in Syria...
  • Canada’s Oil Sector Cautiously Optimistic About Late 2016 Recovery

    11/06/2015 8:13:29 AM PST · by bananaman22 · 1 replies
    Oilprice.com ^ | 06-11-2015 | Maple Leave
    What you see is what you get. Unless, of course, things change. And so it goes in the highly uncertain world of trying to figure out what drilling and spending is going to be for next year in what appears to be an extended period of low oil prices. On November 3, the Petroleum Services Association of Canada held its annual Canadian drilling activity forecast session, an important event for oilfield service (OFS) companies trying to figure out how to plan and budget for the upcoming year. This year PSAC was again joined by the Canadian Association of Petroleum Producers...
  • Gov. Moonbeam sent state workers to his family ranch to look for oil

    11/06/2015 8:11:16 AM PST · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 10/06/15 | Dan Calabrese
    Renewables for thee, but not for me California Gov. Jerry “Moonbeam” Brown believes that everyone needs to start using wind, solar and other “renewable” energy sources as soon as possible because, you know, the earth, man. California doesn’t need to be burning all kinds of oil and making bank for rich capitalists who own gigantic ranches with oil underneath them, ‘amiright’? Unless, of course, that ranch owner happens to be Gov. Jerry “Moonbeam” Brown! In that case, well, better find that oil! And that’s exactly what Gov. Moonbeam was hoping to do when he dispatched state employees, on the taxpayers’...
  • Fast food workers planning Tuesday strike

    11/05/2015 8:47:58 PM PST · by 2ndDivisionVet · 51 replies
    WDAM-TV ^ | November 5, 2015
    (CNN) - In a revived push to boost the minimum wage and influence the 2016 elections, fast food workers are planning a nationwide strike this coming Tuesday. Workers from 270 cities are expected to walk out on their jobs, demanding a living wage of $15 an hour and the right to unionize. At the same time, thousands of protesters are expected to make their voices heard Tuesday at the Republican presidential debate in Milwaukee...
  • Oil Sands Still Face Pipeline Problems

    11/05/2015 9:46:50 AM PST · by bananaman22 · 1 replies
    Oilprice.com ^ | 05-11-2015 | keystone
    In recognition that its campaign is heading for near certain failure, TransCanada hopes to delay the review process of its proposed Keystone XL pipeline until the next administration. TransCanada sent a letter to Secretary of State John Kerry asking for a “pause” in the review process. The letter is a last ditch effort on behalf of the company to save the project, presumably hoping for a Republican in the White House in 2017. Environmental groups hailed the move as a win, but want U.S. President Barack Obama to administer a coup de grace by rejecting the pipeline outright. They may...
  • North Dakota No Longer Attractive For Drillers Or Refiners

    11/04/2015 8:11:38 AM PST · by bananaman22 · 15 replies
    Oilprice.com ^ | 04-11-2015 | NDakota
    The performance of Blood & Oil, a soap opera based on the North Dakota oil boom, is not going well. The show saw its episodes trimmed by ABC amid tepid viewer interest. But the real life Bakken is also suffering from a lack of interest, a development that doesn’t bode well for the oil-producing region. The Bakken had been a key part of the U.S. shale boom over the past half-decade. But production peaked at 1.22 million barrels per day in December 2014. Since then production has bounced around, with month-to-month fluctuations, but is slightly down from that high point...
  • World's Ugliest Vehicle Unveiled

    11/03/2015 9:29:26 AM PST · by Reaganite Republican · 90 replies
    Reaganite Republican ^ | 03 October 2015 | Reaganite Republican
    From where else- Russia While the Russians are quickly running out of money -and still can't make a decent toaster- the sky's the limit for the Kremlin when it comes to military stuff. Somehow tho therenever seems to be much budget left for styling- instead, they appear to have let their video-game obsessed kids design the thing (while the dog helped). Yet the ZIL (maker of trucks and Soviet limos)KAT is itself a microcosm of Putin's Russia... overbearing/hyper-macho, in-your-face, brutish, unpolished... not a lot of it makes sense to outsiders, yet they absolutely do not care what you think...
  • Oil Megaprojects Won’t Stay On The Shelf For Long

    11/03/2015 7:44:12 AM PST · by bananaman22
    Oilprice.com ^ | 03-11-2015 | Deepwater
    One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology and a lot more capital: Ultra deepwater, Arctic offshore, heavy oil sands, and increasingly, the Lower Tertiary. Often these megaprojects projects were only the purview of the largest oil companies, as smaller players did not have the resources – financial or technological – to make them work. Meanwhile, smaller drillers, at least in North...
  • Praise for Retailers Open or Closed on Black Friday

    11/02/2015 1:54:45 PM PST · by MichCapCon · 6 replies
    Michigan Capitol Confidential ^ | 10/30/2015 | Dan Armstrong
    REI recently announced it will be closed on Black Friday this year. The outdoor retail chain says it is encouraging its 12,000 employees from 143 locations to make a new tradition of spending time outside that day rather than shopping. In years past, like many other retailers, REI offered customers special deals the day after Thanksgiving. But now, REI is hoping to capitalize on the idea that a lot of people are turned off by holiday shopping around Thanksgiving. It launched an #OPTOUTSIDE campaign, encouraging the public to upload personal photos of their outdoor adventures or use photos provided by...
  • Putin Is Taking A Big Risk With China Gas Deals

    11/02/2015 8:54:02 AM PST · by bananaman22 · 1 replies
    Oilprice.com ^ | 11-02-2015 | pu
    As the above quote from 2014 indicates, some Russians have identified Russia’s future with Mr. Putin. In turn, Mr. Putin in the past has identified Russia’s future with its mineral resources, in particular its crude and natural gas resources, writing that they will drive Russia’s economic future, its ability to catch-up with developed economies, and its ability to modernize the Russian military and military industry. Consistent with securing Russia’s future (and presumably, therefore, his), Mr. Putin in May 2014 signed an agreement with PRC President Xi Jinping to supply 38 billion cubic meters (bcm) of natural gas annually to China...
  • 2PM Jacki Daily Live on THE BLAZE Radio!

    11/01/2015 9:47:11 AM PST · by RaceBannon
    The Jacki Daily Show ^ | 11/1/2015 | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as a corporate litigator, and as an Assistant Vice...

    11/01/2015 9:09:07 AM PST · by Oldpuppymax · 41 replies
    Coach is Right ^ | 11/1/15 | John C. Velisek USN (Ret.)
    Michelle Obama has found herself embroiled in an emails scandal of her own… By Andrew Spalding Commentary by John Velisek USN (Ret), CiR staff writer “As the investigation of Hillary Clinton and her private email scandal is winding down, it’s just been discovered that Michelle Obama may have been involved in an email scandal of her own. The American Medical Association (AMA) released an obesity study last year that revealed that rates have actually changed less than they did in the previous decade. Rather than processing that information, Michelle’s reps decided to claim that obesity in children between ages 2...
  • Federal Court May Take Down Traders for “Spoofing” the Markets

    11/01/2015 7:43:53 AM PST · by Oldpuppymax · 9 replies
    Coach is Right ^ | 11/1/15 | Suzanne Eovaldi
    Are small, Mom & Pop traders who trust their hard earned dollars to Wall Street being abused? Does a bear wee wee in the woods? A very important trial just started in Chicago that will pull back the curtain on the hidden, high finance trading practice known as spoofing. What is spoofing? Well, the technique combines ultra-fast buys by brilliant computer geeks and smart money guys who make a ton of dough in less time than it takes you to read this sentence. One definition of spoofing says it’s “a fraudulent trading practice that occurs when a trader who owns...
  • All Trick, No Treat

    10/31/2015 11:17:47 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 10/31/15 | Ray DiLorenzo
    What will a total financial collapse look like? Many experts think you can expect 25 - 50 million dead within the first 90 days. Sound crazy? Think violence, looting, starvation, disease, no prescription drugs, no health care We can talk about terrorism or the Middle East crisis. We can talk about our military readiness or lack of it. We can talk about Obama’s sinking presidency or our country’s plunging morality or maybe Hillary Clinton’s latest scandals. But the other gorilla in the closet, the ugly witch slowly knocking at the door, the hideous monster following you while you’re walking home...