Tuesday, March 1, 2011
Dr Deagle Show 110228 1/3 - LINDSAY WILLIAMS
NUTRIMEDICAL REPORT SHOW Monday February 28th, 2011 -- HOUR ONE SPECIAL - LINDSAY WILLIAMS - NEW 1/2 PRICE FOR 3 DVD SET " THE MIDDLE EAST - REST OF THE STORY " -- DEMISE OF US DOLLAR BY 2012 AND NEW WORLD G20 CURRENCY -- DOUBLE CROSS OF ARAB OIL NATIONS AND CHINA COMING - RISE OF G20 WORLD GREEN CARBON BASED CURRENCY WITH IMF - WORLD BANK - BIS BANK OF INTERNATIONAL SETTLEMENTS IN CONTROL OF WORLD CURRENCIES
Monday, February 28, 2011
Sunday, February 27, 2011
Oil up in Asia as Middle East unrest spreads
Mon, Feb 28, 2011
AFP
SINGAPORE - Crude prices jumped in Asian trade Monday with New York futures again in sight of US$100 a barrel after unrest in the oil-rich Middle East broadened, analysts said.
Brent North Sea crude for delivery in April gained US$1.28 to US$113.42 per barrel while New York's main contract, light sweet crude for April delivery, rose US$1.66 to US$99.54 a barrel.
The New York contract for West Texas Intermediate oil had hit US$103.41 on Thursday, a level last seen in September 2008, and Brent came close to US$120 before Saudi Arabia assured markets that it was ready to boost supplies.
"The unrest in the Middle East and fears that the situation will worsen are still supporting oil prices despite news that Saudi Arabia will increase output," said Ong Yi Ling, investment analyst for Phillip Futures in Singapore.
Anti-government turmoil now convulsing Libya and much of the Middle East spread to Oman, another Gulf oil exporter, over the weekend with police shooting dead two demonstrators.
Major crude producer Iran on Sunday urged OPEC, especially Saudi Arabia, to refrain from any unilateral hike in oil output, saying current crude production was enough to meet any shortages arising over the unrest in Libya.
"There is no need for OPEC members to be hasty and take unilateral decisions" to raise output, Oil Minister Masoud Mirkazemi said of Saudi Arabia, when asked to comment on Riyadh's offer to compensate for any shortage.
Mirkazemi, the current president of the Organisation of the Petroleum Exporting Countries (OPEC), said the oil cartel had so far not decided to hold any extraordinary session to discuss a raise in output.
Saudi Arabia, OPEC's largest producer of oil, pumps around 8.4 million barrels of oil per day and Iran is the cartel's second largest exporter. --AFP
AFP
SINGAPORE - Crude prices jumped in Asian trade Monday with New York futures again in sight of US$100 a barrel after unrest in the oil-rich Middle East broadened, analysts said.
Brent North Sea crude for delivery in April gained US$1.28 to US$113.42 per barrel while New York's main contract, light sweet crude for April delivery, rose US$1.66 to US$99.54 a barrel.
The New York contract for West Texas Intermediate oil had hit US$103.41 on Thursday, a level last seen in September 2008, and Brent came close to US$120 before Saudi Arabia assured markets that it was ready to boost supplies.
"The unrest in the Middle East and fears that the situation will worsen are still supporting oil prices despite news that Saudi Arabia will increase output," said Ong Yi Ling, investment analyst for Phillip Futures in Singapore.
Anti-government turmoil now convulsing Libya and much of the Middle East spread to Oman, another Gulf oil exporter, over the weekend with police shooting dead two demonstrators.
Major crude producer Iran on Sunday urged OPEC, especially Saudi Arabia, to refrain from any unilateral hike in oil output, saying current crude production was enough to meet any shortages arising over the unrest in Libya.
"There is no need for OPEC members to be hasty and take unilateral decisions" to raise output, Oil Minister Masoud Mirkazemi said of Saudi Arabia, when asked to comment on Riyadh's offer to compensate for any shortage.
Mirkazemi, the current president of the Organisation of the Petroleum Exporting Countries (OPEC), said the oil cartel had so far not decided to hold any extraordinary session to discuss a raise in output.
Saudi Arabia, OPEC's largest producer of oil, pumps around 8.4 million barrels of oil per day and Iran is the cartel's second largest exporter. --AFP
Discovery: 2012 Apocalypse 1/5
December 21, 2012. Doomsday fanatics claim that this is when life on Earth will come to an end. But what does science have to say about this looming apocalypse? What real threats could possibly bring about cataclysmic changes on Earth in 2012?
Thursday, February 24, 2011
North African Turmoil Could Rocket Crude to $220
By Matt Egan
Published February 23, 2011
FOX Business
If the turmoil paralyzing parts of the Middle East and North Africa brings oil production in Libya and Algeria to a standstill, it could cause crude oil to explode to $220 a barrel, derailing the global economic recovery.
According to a new report from Tokyo-based Nomura, a simultaneous production halt from embattled Libya and neighboring Algeria would reduce OPEC spare capacity to 2.1 million barrels a day and may cause crude to spike from about $97 a barrel today to $220 a barrel.
“The closest comparison is the 1990-1991 Gulf War,” the Nomura analysts, led by Michael Lo, wrote, saying crude prices leaped 70% in seven months when OPEC’s spare capacity was cut to just 1.8 million barrels a day during that conflict with oil-rich Iraq.
While the $220 figure may sound high, Nomura said it could be an underestimate as speculative oil traders who were not around during the Gulf War may exaggerate the surge during an oil production halt.
The turmoil in Algeria hasn't gotten nearly as much attention, but that government is also believed to be very vulnerable and recent protests have led the government there to lift its state of emergency.
Read more: http://www.foxbusiness.com/markets/2011/02/23/report-north-african-turmoil-rocket-crude-220/#ixzz1EtlXvGQ2
Published February 23, 2011
FOX Business
If the turmoil paralyzing parts of the Middle East and North Africa brings oil production in Libya and Algeria to a standstill, it could cause crude oil to explode to $220 a barrel, derailing the global economic recovery.
According to a new report from Tokyo-based Nomura, a simultaneous production halt from embattled Libya and neighboring Algeria would reduce OPEC spare capacity to 2.1 million barrels a day and may cause crude to spike from about $97 a barrel today to $220 a barrel.
“The closest comparison is the 1990-1991 Gulf War,” the Nomura analysts, led by Michael Lo, wrote, saying crude prices leaped 70% in seven months when OPEC’s spare capacity was cut to just 1.8 million barrels a day during that conflict with oil-rich Iraq.
While the $220 figure may sound high, Nomura said it could be an underestimate as speculative oil traders who were not around during the Gulf War may exaggerate the surge during an oil production halt.
The turmoil in Algeria hasn't gotten nearly as much attention, but that government is also believed to be very vulnerable and recent protests have led the government there to lift its state of emergency.
Read more: http://www.foxbusiness.com/markets/2011/02/23/report-north-african-turmoil-rocket-crude-220/#ixzz1EtlXvGQ2
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