Blog > Archive by tag 'saudi arabia'
“The new rule is designed to bring foreign money into the country’s economy… because Saudi Arabia doesn’t get enough of that with all of the oil it deigns to sell the rest of the world.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): Saudi Arabia is going to allow foreign investors onto its stock exchange. But [...]
"You’ve probably heard about Brazil’s Tupi and Carioca, which may be the two biggest oil fields discovered in the last 30 years." — Chris Mayer
Blogger’s note: Want to profit from oil not just now, but for years into the future? Don’t look to the oil producers. Look to the manufacturers and maintenance companies that support [...]
Tags: brazil, burgan, carioca, Chris Mayer, ghawar, infrastructure, kashagan, Kazakhstan, kuwait, offshore, oil, saudi arabia, tintin, tupi
” Just as the Romans built reservoirs and aqueducts, the city states of the United Arab Emirates have been building desalination plants. Skyscrapers, power plants and airports have sprung out of the desert. They are building a future for themselves beyond oil – an empire built on financial services, luxury [...]
“In announcing ‘no change’ in rates yesterday, the Fed pretends that its policy is perfectly calibrated to deal with the current economy. In reality however, the Fed is pinned down by a cross fire of inflation and recession.” — John Browne
by John Browne
Baltimore – (TFN): Cheerleaders will face [...]
Tags: china, dow, europe, Fed, federal reserve, house prices, India, inflation, saudi arabia, stock markets, us
“In the meantime, we should look on the bright side, even as we wince at the petrol pump. Because if the current oil price is indeed a bubble, it’s a good bubble.” — John Stepek
by John Stepek
Blogger’s note: John Stepek, deputy editor of MoneyWeek in the UK, recently sent out this interesting piece to his [...]
“Al-Naimi has pumped hope back into the system after last week’s inflation terror hit the markets. Oil prices closed at $134.39 on the New York Merchantile Exchange.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore – (TFN): Well, at least oil prices are sensitive in both directions. Saudi Arabian oil minister Ali al-Naimi called for a conference [...]
“Saudi Arabia has a problem. And it’s the same one that every oil-producing nation will face someday: Its oilwells are drying up.” — Jason Simpkins
by Jason Simpkins
Baltimore – (TFN): The Kingdom of Saudi Arabia is the world’s leading petroleum exporter. Officially, it has reserves of about 260 billion barrels of [...]