By Farah Halime, Cairo, Egypt: In a thriving economy, investors are committed. But for Egypt, attracting investors is a point of contention: are they or are they not putting money in Egypt? Marshall Stocker, an American venture capitalist, sheds light on it: he was forced out after the revolution, and he won’t return.
Entries in Contributor (281)
By Nick Cunningham, OilPrice.com: Oil majors like BP are pushing into deeper water as the memory of the 2010 Deepwater Horizon fiasco recedes. But drilling in the Gulf of Mexico at 35,000 feet, at extreme pressure and temperatures, is difficult, uncertain, and very costly.
By Adrian Bono, The Bubble, Argentina: In the last 24 hours, the province of Córdoba spiraled out of control, the very fabric of society torn apart. A sudden absence of law and order sent people into a looting frenzy. Residents and store owners boarded up windows, grabbed shotguns, and climbed to their roofs, waiting for the encounter with the enemy.
By Bianca Fernet, Argentina, The Bubble: In 2012, Argentina introduced a 15% tax on credit card purchases made in foreign currency. Which turned into 20%. And now, after promising not to raise it again, the government raised it to 35% and closed the last legal window to acquire dollars at the official rate.
By John Daly, Oilprice.com. A product of the Keystone XL pipeline delay is that crude from the Alberta oil sands is refined in the Midwest, generating slag heaps of petroleum coke, or “petcoke,” whose airborne particles has local residents up in arms.
By Llewellyn King, executive producer, host, “White House Chronicle” on PBS. The US government and Texas oil man George Mitchell forged a partnership so effective that it has changed the world.
By Don Quijones: While many Spaniards may spit bile and venom at the merest suggestion of Catalonian autonomy, they would do well to ask themselves what happened to their own national sovereignty. How is it, for example, that Spain is taking orders on virtually all economic matters from men in black dispatched from Brussels and Frankfurt?
By Don Quijones: Two years ago, Mariano Rajoy rode a wave of public anger to victory in Spain’s general election. The man who could never win anything was suddenly gifted the closest any politician can hope to get to absolute power in an ostensibly democratic society.
By Rory Johnston, OilPrice.com: Iran has the world’s fourth largest oil reserves and second largest natural gas reserves. Any news affecting its place in the international system – such as the tentative deal reached on Sunday – is sure to affect global energy markets.
Rising Costs A Silent Killer In US Oil Exploration And Production (But Where Are The Opportunities?)
By Dave Forest, Oil & Energy Insider: Critical news for the Exploration & Production sector came this month. Not a new discovery. Not a drilling technique. It didn’t come from geologists or engineers. It came from accountants: ballooning costs as silent E&P killer.
By Nick Cunningham, OilPrice.com: The Energy Information Administration predicts the Bakken formation in North Dakota will surpass 1 million barrels per day of oil production in December. Since 2010, production has skyrocketed. So has the money.
By Joao Peixe of Oilprice.com: While Saudi Arabia continues to state that it is not at all worried by the increasing production driven by the US shale revolution, Prince Alwaleed Bin Talal, the billionaire CEO and owner of the Kingdom Holding Company, frets about it.
By George Leong, Profit Confidential: Never mind the records. The bulls scream “higher.” Dow 20,000, S&P 500 2,000.... Wall Street giddily rakes up profits. A friend who works at a major brokerage just bought a new Cadillac – because, he said, it was that kind of year.
By Chriss Street: Away from the cameras and the media scrum, the first political casualty of the President’s disastrous launch of Obamacare is a bipartisan Congressional revolt against crony capitalists’ effort to pass the clandestine Trans-Pacific Partnership (TPP) treaty.
By Bianca Fernet, Argentina, The Bubble: President Cristina Fernández de Kirchner returned to her post this week, shuffling her cabinet and shaking up financial markets. Balding men marked the occasion by holding their heads in their hands in front of computer screens.
By Rory Johnston, OilPrice.com: While American and Canadian crude production has jumped over 30% in the last decade, Mexican production has fallen by over a quarter. Now the Mexican government might finally act.
By Nick Cunningham, OilPrice.com: The Tennessee Valley Authority, one of the largest electricity generators in the US, decided to shut down eight coal generating units. Coal will drop from a 52% share to 20% in the coming years, to be replaced mostly by natural gas. It illustrates what many utilities face.
By Don Quijones: There are things politicians should never do – assuming they want to hold on to their jobs. Using the dirty “s” word (sovereignty) is a definite no-no. Also high up on the list of “don’t dos” is threatening the interests of foreign creditors and bondholders.