Saturday, June 30, 2012

DailyMarkets.com - With Our Abundance Of Natural Gas, Let’s Export

DailyMarkets.com - With Our Abundance Of Natural Gas, Let’s Export

With Our Abundance Of Natural Gas, Let’s Export

Posted: 29 Jun 2012 09:53 PM PDT

The EIA reported today that U.S. natural gas production set new monthly record highs in April for gross withdrawals and marketed production, on a 12-month moving average basis (to smooth out monthly variations), see chart above. Thanks to fracking technology and the shale revolution, American now has such an abundance of natural gas, that it makes economic sense for producers to export gas overseas to Europe and Japan, where prices are typically 5-6 times higher than in the U.S.

With the EIA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Week Ahead: Central Banks & US Jobs In Focus

Posted: 29 Jun 2012 08:30 PM PDT

06/29/12 The upcoming trading week will be a holiday shortened one. Central bank rate announcements and the US employment report will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Big Joke…

Posted: 29 Jun 2012 05:20 PM PDT

…in honor of yet another hopium-fueled stock market rally (via Capitalists@Work):
Once upon a time, in a place overrun with monkeys, a man appeared and announced to the villagers that he would buy monkeys for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest, and started catching them.
The man bought thousands at $10 and as supply started to diminish, they became harder to catch, so the villagers stopped their effort.
The man then announced that he … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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