Sunday, January 2, 2011

DailyMarkets.com - Toreador Resource’s Investment In The Paris Basin… And How Its Estimated 96 Billion Barrels Of Oil Was Discovered

DailyMarkets.com - Toreador Resource’s Investment In The Paris Basin… And How Its Estimated 96 Billion Barrels Of Oil Was Discovered

Toreador Resource’s Investment In The Paris Basin… And How Its Estimated 96 Billion Barrels Of Oil Was Discovered

Posted: 02 Jan 2011 11:40 AM PST

It all started with a note.

It was a handwritten note on the margins of a long-forgotten report, in French, from a well site geologist many years ago who was on a rig drilling into the Paris Basin for conventional oil.

"That was our first clue,"says Craig McKenzie, President & CEO of Toreador Resources (NASDAQ:TRGL). "The geologists were writing about uncontrollable oil flows from the Liassic shale and eruptions due to over-pressurization."

"Rock was erupting into the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

2011: Housing, Jobs, Stocks, Commodities And US Dollar

Posted: 02 Jan 2011 09:45 AM PST

As the global economy shows continued signs of a sustainable economic recovery, there are two notable areas lagging behind; employment and housing in the United States. Continued trends in these areas could lead to renewed weakness in the U.S. dollar, which in turn could help boost stock and commodity prices. From a December 26th Bloomberg article:
A wave of foreclosures waiting to reach the market means home prices will remain under pressure in 2011, representing a risk to household … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Weekly Outlook: January 3-7

Posted: 02 Jan 2011 08:11 AM PST

Forex Pros – The euro wound up a volatile year's trade against the U.S. dollar close to a two-week high on Friday, but posted its worst annual performance against the dollar since 2005 after a sovereign debt crisis engulfed the euro zone.

EUR/USD hit 1.3426 on Friday, the pair's highest since December 14; the pair subsequently consolidated at 1.3360 by close of trade, gaining 1.8% over the week.

The pair is likely to find support at 1.3082, the low of December 29 and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Weekly Outlook: January 3-7

Posted: 02 Jan 2011 07:38 AM PST

Forex Pros – The pound closed higher against the U.S. dollar in thin year-end trade on Friday, following data showing an unexpected rise in U.K. house prices and as thin trade exaggerated price moves.

GBP/USD hit 1.5663 on Friday; the pair's highest since December 15; the pair subsequently consolidated at 1.5586 by close of trade, gaining 0.94% over the week.

Cable is likely to find support at 1.5349, the low of December 29 and resistance at 1.5773, the high of December 15.

Lender … [visit site to read more] or compare Best Credit Cards and Best CD Rates

2010 FX Review

Posted: 31 Dec 2010 05:49 AM PST

The Japanese Yen was the star performer of 2010 among major currencies with the Swiss Franc and the Australian Dollar trailing just behind. The North American currencies (US & Canadian Dollar) were in the middle of the pack, while the British Pound and the euro were the two clear losers.
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Japan’s currency was up nearly 14% in 2010 against a trade-weighted basket. The dramatic fall in global interest rates allowed yield differentials among major economies to shrink vs. Japan. The reduced … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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