The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe.
"We anticipate becoming big players, and I think we'll have a big impact," said the Ernest Moniz, the US Energy Secretary. "We're going to influence the whole global LNG market."
Mr Moniz said four LNG export terminals are under construction and the first wave of shipments may begin before the end of this year or in early 2016 at the latest.
“Certainly in this decade, there’s a good chance that we will be LNG exporters on the scale of Qatar, which is today’s largest LNG exporter,” he said, speaking on the margins of the IHS CERAWeek energy summit in Texas.
Qatar exports just over 100 billion cubic meters (BCM), though Australia is catching up fast as the offshore Gorgon field comes on stream. It may pull ahead of Qatar later this decade.
Mr Moniz said the surge in US output from shale fracking has already transformed the global market. "We would have been importing a lot of LNG by now. Those cargoes would have gone elsewhere and have in fact had a significant impact in the European market,” he said.
Gas frackers assembled at the world's "energy Davos" in Houston said exports could ultimately be much higher, potentially overtaking Russia as the world's biggest supplier of natural gas of all kinds.
Management has to do something to get this stock moving again. It is enormously frustrating to be stuck in a rut this year. At least buy a smaller, promising biotech with that mountain of cash the company has accumulated.
Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more.
The world’s biggest oil exporter, having abandoned last year its role of keeping global markets in balance, now has incentive to maximize output and undermine rival producers by using its reserve capacity, according to Citigroup Inc. and UBS AG. Just meeting its own domestic demand this summer will require a lot more fuel, others estimate.
The increase -- a snub to fellow OPEC members calling on the kingdom to cut production -- will heighten tensions when the organization meets in June. Oil plunged to a six-year low near $45 a barrel in January, six weeks after the Saudis overcame opposition within the group to keep up output despite surging U.S. shale supplies.
To support their economy, Iran needs oil over $100 a barrel. Iranian Ayatollahs are hoping President Obama will come to their rescue. Obama promised Iran $50 billion if they will pretend to quit pursuing nuclear weapons.
China’s top nuclear experts have increased their estimates of North Korea’s nuclear weapons production well beyond most previous U.S. figures, suggesting Pyongyang can make enough warheads to threaten regional security for the U.S. and its allies.
The latest Chinese estimates, relayed in a closed-door meeting with U.S. nuclear specialists, showed that North Korea may already have 20 warheads, as well as the capability of producing enough weapons-grade uranium to double its arsenal by next year, according to people briefed on the matter.
A well-stocked nuclear armory in North Korea ramps up security fears in Japan and South Korea, neighboring U.S. allies that could seek their own nuclear weapons in defense. Washington has mutual defense treaties with Seoul and Tokyo, which mean an attack on South Korea or Japan is regarded as an attack on the U.S.
“I’m concerned that by 20, they actually have a nuclear arsenal,” said Siegfried Hecker, a Stanford University professor and former head of the Los Alamos National Laboratory, who attended the closed-door meeting in February. “The more they believe they have a fully functional nuclear arsenal and deterrent, the more difficult it’s going to be to walk them back from that.”
Chinese experts now believe North Korea has a greater domestic capacity to enrich uranium than previously thought, Mr. Hecker said.
The Chinese estimates reflect growing concern in Beijing over North Korea’s weapons program and what they see as U.S. inaction while President Barack Obama focuses on a nuclear deal with Iran.
This will break snort/dana's heart:
Hillary’s political ship is arguably taking on so much water that it could well be at risk of sinking, at least in the eyes of Democrat power brokers, donors and strategists whose nervousness about the mounting Clinton controversies could prompt them to change course…and candidates.
Among the latest shockwaves to batter the Clinton campaign is an explosive front-page article in The New York Times detailing how the Clinton Foundation, while Hillary was secretary of state, may have benefited from a huge deal to put a Russian company — and essentially the Putin government — in control of much of the world’s uranium supply.
“At the heart of the tale are several men, leaders of the Canadian mining industry, who have been major donors to the charitable endeavors of former President Bill Clinton and his family. Members of that group built, financed and eventually sold off to the Russians a company that would become known as Uranium One.”
The Times article reveals that not long after a majority stake in that massive mining enterprise, Uranium One, was set to he acquired by the Russians, “Mr. Clinton received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock.”
TEHRAN, Iran (AP) — A senior commander in Iran's Revolutionary Guard said Sunday that inspectors would be barred from military sites under any nuclear agreement with world powers.
Gen. Hossein Salami, the Guard's deputy leader, said on state TV that allowing the foreign inspection of military sites is tantamount to "selling out."
"We will respond with hot lead (bullets) to those who speak of it," Salami said. "Iran will not become a paradise for spies. We will not roll out the red carpet for the enemy."
Iran and six world powers -- the U.S., the U.K., France, Germany, China and Russia -- have reached a framework agreement to curb Tehran's nuclear program in return for lifting sanctions, and hope to strike a final deal by June 30.
A fact sheet on the framework accord issued by the State Department said Iran would be required to grant the U.N. nuclear agency access to any "suspicious sites." Iran has questioned that and other language in the fact sheet, notably that sanctions would only be lifted after the International Atomic Energy Agency has verified Tehran's compliance. Iran's leaders have said the sanctions should be lifted on the first day of the implementation of the accord.
The fact sheet said Iran has agreed to implement the Additional Protocol to the Non-Proliferation Treaty, which would grant the IAEA expanded access to both declared and undeclared nuclear facilities.
But Salami said allowing foreign inspectors to visit a military base would amount to "occupation," and expose "military and defense secrets."
espite nuclear saber-rattling by Moscow, U.S. nuclear forces are close to reaching warhead, missile, and bomber numerical cuts required under the 2010 New START arms treaty, a senior Pentagon official told Congress on Wednesday.
U.S. nuclear warheads counted under the treaty with Russia were reduced from 1,642 to 1,597 between Sept. 1 and March 1, said Robert Scher, assistant secretary of defense for strategy, plans, and capabilities.
Russian nuclear warheads were cut from 1,632 to 1,582 during the same period, Scher told the House Armed Services strategic forces subcommittee in prepared testimony.
The treaty requires both nations to reduce their deployed strategic warhead arsenals to 1,550 by February 2018.
For land-based and sea-based missiles and bombers, U.S. forces were reduced from 912 to 898, and Russian missiles and bombers were cut from 911 to 890.
The treaty limit for those weapons is 800 strategic delivery vehicles by 2018.
Scher said the reductions continued despite “serious concerns” over souring U.S.-Russia relations.
Cramer was pumping HZNP yesterday which is somewhat similar to LCI. I think some traders sold LCI to buy HZNP which is up 8% today.
Iran announced that China has agreed to assist in the building of five new nuclear plants across the country, according to Iran’s Atomic Energy Organization (AEOI).
Iran plans to enlist the Chinese in the construction of five new nuclear plants similar in size and scope to the plant currently operating near Bushehr.
Iran’s insistence on building more nuclear power plants has become a key concern for critics of the Obama administration’s diplomacy with the Islamic Republic, as these nuclear structures could potentially be used to assist its nuclear weapons program.
The Obama administration has said in the past that the construction of light water reactors such as the one in Bushehr does not violate existing United Nations restrictions or the interim accord struck with the country in 2013.
Behrouz Kamalvandi, the spokesman for the AEOI, announced on Tuesday that Iran is pursuing at least five new nuclear power plants to produce nuclear fuel at an “industrial scale.”
“The Islamic Republic of Iran plans to produce at least 190,000 SWUs (Separative Work Units) of nuclear fuel at the industrial scale, while we also think about 1,000,000 SWUs, which will be needed to fuel 5 power plants like Bushehr,” Kamalvandi was quoted as saying during an address Tuesday in Tehran at an event described by the state-controlled Fars News Agency as an “Analysis of Lausanne Statement.”
Russia has already helped to start construction of at least two plants in southern Iran, while the Chinese will assist with the rest, Kamalvandi revealed.
“This is the reason why we have inked an agreement with the Russians to construct two nuclear power plants for the generation of electricity while the Chinese will also enter this arena soon,” he was quoted as saying.
Touching on the contents of a recently agreed to framework nuclear deal with the United States, Kamalvandi said Tehran will retain the Fordow nuclear enrichment facility—a former military site—and operate more than 1,000 centrifuges
Friday LEU broke through resistance. If it doesn't get back above it Monday, we will probably get another leg down. 4.62 was the resistance level.
Here are the eight reasons Jefferies has for buying Twitter now:
Online video ads are estimated to be a $17 billion opportunity by 2017. Twitter’s launch of Periscope helps it stand apart in this space.
The growth in the online advertising market is increasingly levered to mobile. Some 88% of Twitters ads are mobile.
Social commerce is growing an incredible three times faster than e-commerce.
Twitter is increasing the advertising load. In the third quarter 2014 it was 1.3%, and management is targeting 5%.
Twitter is a great match with TV as 66% of mobile users tweet while watching TV, often sports. Some 70% of the tweets are about what is live on TV.
The Twitter user experience is improving fast. In fact, user trends started to turn around for the company in January.
The company’s operating leverage is improving as it continues to roll out new advertising products.
International is starting to monetize in a more positive way. The report cites the fact that while international accounts for 77% of the user base, it only produces 34% of the total revenue. Clearly raising that would add to the top and bottom line.
Even though Twitter had a highly anticipated initial public offering (IPO), it struggled out of the gate and the bears smelling blood pounced. The turnaround over the past year has been dramatic, and the bulls may be poised to get the last laugh.
On the other hand, there's something to be said for a leader who is willing to put his country's interests first.
A fire has recently occurred on board the Orel ("Eagle") nuclear submarine in Russia. The fire sparked during welding works in the area of the ninth compartment. Andrei Mikhailov, a military observer of Pravda.Ru in Severodvinsk, became an unwitting eyewitness to the incident.
"I saw from my window that the submarine was on fire. The Oren submarine, Project T-949A, is in the dry dock of Zvezdochka Shipyard in Severodvinsk. She came to Severodvinsk for repairs and upgrade in late 2013 and was expected to leave in 2016. All systems of the vessel are subject to repairs and modernization - navigation, sonar and arms systems. The Orel submarine carries cruise missiles. Its underwater displacement is about 25 thousand tons, and surface displacement - 22 thousand tons. In other words, this is a very large submarine," Pravda.Ru correspondent in Severodvinsk Andrei Mikhailov said.
Iran’s foreign minister and lead nuclear negotiator, Mohammad Javad Zarif, told legislators that Iran would start feeding uranium into advanced centrifuges as soon as the nuclear deal with the P5+1 nations goes into effect, The Times of Israel reported today. Enriching uranium in advanced centrifuges would violate the parameters agreed to last week, according to American and French fact sheets showing their understandings of the deal.
Iran will begin using its latest generation IR-8 centrifuges as soon as its nuclear deal with the world powers goes into effect, Iran’s foreign minister and nuclear chief told members of parliament on Tuesday, according to Iran’s semi-official FARS news agency. …
Iran has said that its IR-8 centrifuges enrich uranium 20 times faster than the IR-1 centrifuges it currently uses.
According to the FARS report, “Iran’s foreign minister and nuclear chief both told a closed-door session of the parliament on Tuesday that the country would inject UF6 gas into the latest generation of its centrifuge machines as soon as a final nuclear deal goes into effect by Tehran and the six world powers.”
The American version of last week’s understanding states, “Iran will not use its IR-2, IR-4, IR-5, IR-6, or IR-8 models to produce enriched uranium for at least ten years.” According to The Times of Israel, the French version differs slightly in allowing “continue[d] R&D work on the advanced IR-4, IR-5, IR-6 and IR-8 centrifuges,” but not enrichment, which was the activity mentioned by Zarif.
Zarif reportedly told Iranian legislators on Tuesday that Iran would not allow cameras into any of its nuclear facilities. The Joint Comprehensive Plan of Action calls for the “continuous surveillance” of Iran’s nuclear facilities.
If you call up a one month chart of LEU and add its 50-day exponential moving average, you see an interesting correlation.
The stock price touched the 50-day exponential moving average perfectly on Mar 11 and Mar 18 and both times it shot higher.
It fell below it Mar 20 and Apr 6 but rebounded sharply the following day.
The 50 day EMA appears to be a strong support level and the good news is that it is rapidly rising. Currently it's at 4.62 but a month ago it was 4.38. That's a 6% increase in the support.
Given that LEU is a news-driven stock with no recent news, technical analysis may provide a clue on what's moving the stock price.
Speaking of that nuclear arms race, Saudi Arabia will somehow have to be convinced that Iran’s possession of a complete nuclear infrastructure does not threaten Riyadh. This will be a tough sell, because Saudi Arabia’s population is just as concentrated in a few major cities as is Israel’s, and Saudi Arabia does not have a missile defense system. Its only option for maintaining deterrent capability against a nuclear Iran would be to go nuclear itself. How these two mortal enemies might act once both have nuclear weapons is not pleasant to consider.
All that said, we are guardedly optimistic that this deal will be dragged down by its own weight. Its deficiencies are so numerous and obvious that only the legacy-seeking narcissist occupying the White House can say with a straight face that it's a good deal for the United States. The technical details to be worked out in just three months are monumental. Congress is skeptical and resentful of being shut out of the process for so long, and they must go along to relieve sanctions -- an unlikely proposition. Iran is sure to drag its feet, demand full sanctions relief up front, and generally follow its usual script of misbehavior, producing ample opportunities to blow up the deal.
But in the meantime, with every day that Iran is allowed to enjoy this deal’s protection for its nuclear program, the day Iran becomes a nuclear weapons state grows nearer. And that would be the real legacy of this deal’s principal architect: Barack Obama.
Uh oh – Iran just got caught with both hands in the cookie jar. It turns out that even while Iran has been negotiating a “historic peace deal” with President Obama, it has been secretly operating a huge underground nuclear enrichment site that it didn’t tell anyone about. But this is what the Iranians always do. They lie, lie and then lie some more. So how in the world can you make a deal with a government that absolutely refuses to tell the truth? These revelations about a secret underground nuclear facility just outside Tehran come at a time when it looked like the Obama administration was about to cave in and give Iran just about everything that it wanted. The “deal” that Obama was going to give them would have allowed the Iranians to keep all of the nuclear infrastructure that they have already constructed and would also give them permission to start building nuclear weapons in about a decade. It would be a monstrously bad deal for the western world, and the Iranians should have jumped at it. But now these new revelations could throw a wrench into those negotiations. But much more importantly, knowledge of this secret nuclear facility has got to be extremely alarming to the Israelis. Prime Minister Benjamin Netanyahu has always said that Israel will never, ever allow Iran to construct a nuclear weapon. So what will happen if the Israelis determine that Iran is actually much closer to building a nuclear bomb that anyone originally suspected? The truth is that the odds of a war between Israel and Iran just went way up thanks to these revelations, and that is not good news for any of us.
This new evidence of a secret nuclear facility that Iran had not told anyone about was revealed by the National Council of Resistance of Iran earlier this week…
Despite Iran’s denials that it is on the path to a nuclear bomb, new evidence charges that the Islamic republic has an “underground top-secret site” that is enriching uranium intended for nuclear weapons.
New orders for U.S. factory goods unexpectedly rose in February after six straight months of declines, offering a ray of hope for a sector that has been battered by a strong dollar and weaker global demand.
The Commerce Department said on Thursday new orders for manufactured goods increased 0.2 percent, the largest gain since July, after a revised 0.7 percent drop in January.
Orders excluding transportation rose 0.8 percent, the biggest rise in eight months. Shipments of factory goods rose 0.7 percent after four straight months of declines.
LAUSSANE, Switzerland—The Obama administration is giving in to Iranian demands about the scope of its nuclear program as negotiators work to finalize a framework agreement in the coming days, according to sources familiar with the administration’s position in the negotiations.
U.S. negotiators are said to have given up ground on demands that Iran be forced to disclose the full range of its nuclear activities at the outset of a nuclear deal, a concession experts say would gut the verification the Obama administration has vowed would stand as the crux of a deal with Iran.
Until recently, the Obama administration had maintained that it would guarantee oversight on Tehran’s program well into the future, and that it would take the necessary steps to ensure that oversight would be effective. The issue has now emerged as a key sticking point in the talks.
Concern from sources familiar with U.S. concessions in the talks comes amid reports that Iran could be permitted to continue running nuclear centrifuges at an underground site once suspected of housing illicit activities.
This type of concession would allow Iran to continue work related to its nuclear weapons program, even under the eye of international inspectors. If Iran removes inspectors—as it has in the past—it would be left with a nuclear infrastructure immune from a strike by Western forces.