Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on March 12, 2016
And it came to pass after this, that Ben-hadad king of Syria gathered all his host, and went up, and besieged Samaria. And there was a great famine in Samaria: and, behold, they besieged it, until an ass’s head was sold for fourscore pieces of silver, and the fourth part of a cab of dove’s […]
Continue reading →Written by Gary North on May 9, 2015
On December 16, 2014, I published an article for paid members of my GaryNorth.com site: “Saudi Arabia’s Oil Strategy.” I wrote the following about West Texas intermediate crude oil prices: WTI oil hit $37.51 in February 2009. This was in the midst of a major recession. It was back to $80 by late December. I […]
Continue reading →Written by Gary North on March 24, 2015
A teapot is an oil refinery plant in Russia. The teapots are being shut down. Oil prices are too low. The excess oil will be sold to the West. Watch oil prices drop when this happens. Storage facilities are filling up. Oil must be sold. So, its price at the margin will fall. The next […]
Continue reading →Written by Gary North on March 24, 2015
The shale oil bust has hit Texas. In 2008, it looked like there was no tomorrow. It was like Texas in 1980 — the sky was the limit. “Houston, we have a problem.” And then there was one. In October 2008, there were about 200 drilling rigs searching primarily for natural gas in the Barnett […]
Continue reading →Written by Gary North on March 14, 2015
When the federal government wants to bury a story, it releases it on Friday afternoon. This is part of the news cycle. It is too late for Friday evening news. Saturday is not a day for news. By Monday, the world has moved on. This report came on Friday afternoon. WASHINGTON, March 13 (Reuters) – […]
Continue reading →Written by Gary North on February 20, 2015
The rumor is that Apple will start producing electric cars by 2020. Tesla Motors would then face some serious competition. If these sell, the next step will be self-driven cars. That may hit by 2025. Then taxicabs will no longer need drivers. We can see what’s coming: a shift away from gasoline for local driving. […]
Continue reading →Posted on January 27, 2015
By Wolf Richter Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the 12% rally in between. WTI is now 58% below the June peak. “If prices […]
Continue reading →Posted on January 13, 2015
By Wolf Richter Wall Street spent years hyping, propagating, and funding the oil and gas drilling boom in the US. It handled the bonds and loans issued by often junk-rated companies. It instigated the waves of mergers & acquisitions, profiting every step along the way – advisory fees, bridge loans, syndication of loans, underwriting of […]
Continue reading →Posted on January 13, 2015
ABU DHABI, Jan 13: OPEC won’t change its oil production strategy and any sudden rebound of prices is unlikely, United Arab Emirates oil minister Suhail bin Mohammed al-Mazroui said on Tuesday. Mazroui was speaking at an energy conference in Abu Dhabi as Brent crude oil dropped into the $46 a barrel area, almost a six-year […]
Continue reading →Posted on January 7, 2015
Brent crude oil prices fell below $50 a barrel for the first time since May 2009 on Wednesday as global business growth slowed to its weakest in a year, and analysts said a growing supply glut meant more falls were likely. The pace of global business growth eased to its weakest rate in over a […]
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