By Alaric Nightingale Nov 12, 2013 2:27 AM PT
Demand to export U.S. crude is poised to soar as the nation’s surging supply of hydrocarbons creates a glut of the feedstock, according to Citigroup Inc., the bank that predicted a slump in the nation’s imports."
"While the U.S. bans most crude exports under decades-old laws, a glut of the feedstock is adding pressure to export it from the Gulf of Mexico, Morse said. The nation’s refining hub has the capacity to process about 1.5 million barrels a day more light, sweet oil and its crude production has expanded by 1 million barrels a day in each of the past two years, he said. Light, sweet grades are less dense and contain less sulfur, making them useful for making fuels such as gasoline."
Inflation driver is mainly energy, oil prices will stay near a hundred bucks a barrel, this while the US continues to use less.
Todd Akin was a US Representative, Akin stepped down from his House seat to run for the US Senate, he didn't win, and it was probably due to his remarks that you mentioned.
I'm not a D. or a R. I'm an I.
After the first four years of Clinton I quit the D. party, mainly because of his support of the reagan/ghwbush NAFTA . I took a close look at the R. party, but decided they were worse than the D.
Righties are ridicules most are totally rapped up in their nasty self created world. By accident I listened to a bit of RUSH last night. He stated that our young are stupid because some 17 year old kids don't know what the letters SSN means, he went on to say if they don't know what that means they are to incompetent to apply for a college loan, let alone go to college..
There is stupid people involved here for sure, they are the ones that support that idiot. It is just mind boggling to know that something so normal as a 17 year old kid not knowing that SSN means Social Security Number, could be used in such a disparaging way, and to think he has millions of followers out there all nodding their heads in approval..
Simply stating you are a small business employer is meaningless. I survived in one of the most competitive trades there is, over the years I watched dozens of new companies go broke. In most cases new companies bid to low, causing a loss of opportunity for all in the trade. The main reason for most failures is they didn't know what they got themselves into. They come in with big ideas and dreams, but business reality breaks most in the first few years. And when they go broke it is never their fault, they always blame some one else.
For over 30 years I have preached against R. reaganisms, now I have Pope Francis on my side. And the R. like rush limbaugh are squealing like stuck pigs. The R. instead of accepting the errors of their ways, now call the Pope a Marxist and claim that they know better than he of what Christ was about.
Typical reactions of egocentric people.
I read the article you mentioned, perhaps the truth is between the two. But no where did I read anything about cheaper diesel prices for the next quarter.. When you move the mount of ore they have to, fuel prices are major, and any decrease in prices goes directly to the bottom line. I'm guesstimating a fifteen percent cut in fuel prices. Plus they laid off a bunch of new hires, that savings will also be realized in the next quarter. and the leaching problems seems to have been addressed. The more I look at this one the better I like it. With one caveat where will the price of gold and silver go? It appears it may stabilize near the present level or even go a bit lower, since the main drivers of inflation, US wages and oil prices are stable, at this point I see no signs of inflation. but this could be a good short term play, since the things above will come into play in the next quarter, and they should show up as a major plus.
Again POTUS inherited the mess from gw BuSh, and the R. have offered up no solutions, other than the tried and failed reagonomics of cut taxes, deregulate, send jobs over seas, war before diplomacy and blame the victims for it all..
I think adding CU is smart, gold may be entering a bear market, as long as wages and oil prices remain stable there will be no inflation.
Allied Nevada's Debt Load: The Consequences, Opportunity, And Risk
For the full article Google the above
With hindsight we can see clearly that Allied Nevada made a serious mistake in assuming a massive amount of debt in order to fund the expansion of its Hycroft mine. This should have either been postponed or funded through equity offerings when the shares traded above $30/share. Now we find that the company is not a good investment for long-term gold bulls because that stance doesn't preclude the possibility that the gold price remains weak for some time, or that it falls even lower. If the price of gold moves lower before it resumes its upward march Allied Nevada might not survive to see the price rise."
They expect their costs to decline another 80 bucks an ounce by the next quarter, I expect it to decline more because the decline was based on increased efficiencies, the declining cost of diesel wasn't factored in, and the latter will be huge for a company like ANV who's low grade deposits depends on massive processing. But, that doesn't add a whole lot of value to the share price, it just means they will keep on keeping on..
The R. congress has killed every D. initiative to create jobs in the US. Including one that would cut taxes for corps who chose to keep jobs in the US and or return outsourced jobs to the US. That bill was filibustered by the R. they stopped it before it cold be voted on. The R. have done that over four hundred times, if anyone hasn't done a thing for 6 years it is the R. Since the R. haven't done one thing except to obstruct his administration, that has to be interpreted as, they are perfectly happy with things as they were when gw BuSh was in office, and that was when the problems of our present capitalist system manifested themselves.
Here is the facts since reagonomics, 84% of the wealth created in the US has went to the top 10%, that means 3,000,000 people got over 4/5ths of the pie and the remaining 297,000,000 divided up the remaining 1/5th, until the R. recognize this as truth and offer up remedies, they will continue to be the ever shrinking party.
If you are not for health care change then you were for, 50 million uninsured, rising premiums, insurance adjudicators denial of Dr. recommended procedures, capped payments, precondition exclusions, unlimited CEO compensation. Fact, 70 % of US bankruptcies were caused by health problems, of those 70%, 50% had insurance. You don't have to be very intelligent to realize that something needed to be done. The R had a chance to help find a solution, but they chose to just say NO. The ACA will work and it will work better for most. It isn't perfect it needs adjusting, but it is better than what was before. And remember this when you look at polls, many of those who don't like Obamacare want a single payer system, not a return to the worsening sytem of the past.
The California Republican Party has posted a sham Obamacare website that intentionally subverts California's efforts to encourage uninsured people to get insurance through the state's online exchange, Covered California.
A handful of Assembly Republicans have been sending out very official-looking fliers that claim to be a "Resource Guide" for Californians, which points Californians not to the official Covered California website, but to the fake website. Other Assembly Republicans feature the fake website prominently on their government-financed Assembly home pages."
What are they afraid of, if Obamacare is so bad you would think they would just stand by and watch the outcome, but when they have to create a fake site in order to trick people from going to the real site, something is very wrong with America, and it is the ReptileCon party.
Obama inherited the worst financial melt down ever, and if he hadn't followed the previous administrations measures to bail it out, it could have been the worst depression the world had ever witnessed. In the aftermath we are left with a world that is now struggling with a surplus of workers, and that will only get worse as more smart machines take more and more jobs. One example Foxcon is replacing one million workers with smart machines, the new generation of robots can make distinctions that formerly only humans could make, now they not only can do what formerly only humans could do, they now do it better. Service jobs that use to be temp jobs until a worker could find a better one, for to many now is now becoming the only jobs available. but fast food and WalMart type jobs don't pay a living wage, and people without expendable income can't buy what robots or service job employees make. Capitalism depends on an ever increasing consumer base, if that doesn't happen then the economy will enter deflation, and that is the problem the world faces now. The new economy has produced working people that can't afford the many services and goods that are available. Or in other words there is no shortage of goods and services, but there is a shortage of consumers who can afford them.
NO inflation until the consumer gets more money in their pockets, all those trillions you talk about is sloshing around the top 10%, the consumer who drives the economy is for the most part after living necessities have little expendable cash to spend on what they want vs. what they need..
-Sierra World Equity Review- SUCKS!