Sudanese Oil Wars Heat Up Again in 2013 Jun 11, 2013 Sudan is once again threatening to cut off oil pipelines from South Sudan accusing the South of backing separatist rebels in Darfur and the border regions of Southern Kordofan and Blue Nile. South Sudan – the world’s newest country – relies heavily on their oil production for revenues, however they have no export capabilities. They currently […]

Fed Stopping QE Stimulus? Gold Falls Jun 02, 2013 Is the US Federal Reserve stopping monetary stimulus? Investors are afraid they are, and as a result Gold prices are falling to a 2-week low and down 17% so far in 2013. The US economy is getting stronger, climbing out of the current recession, which may signal that the US no longer has the need […]

Buffett Makes Fun of Falling Gold Prices Apr 18, 2013 Warren Buffett, the head of investment firm Berkshire Hathaway and arguably the world’s best investor made fun of falling gold prices today, as gold hits a 2-year low. Many hedge funds – Buffett’s rivals – have experienced big losses this week. John Paulson’s major hedge fund lost $1 billion this week in the fall. Buffett has strongly […]

How Much Gold Has The World Produced? Apr 03, 2013 How much gold is there in the world? Warren Buffett, arguably the world’s best investor, estimated that the amount of gold ever produced would total 20m2 – a cube measuring 20 meters by 20 meters. But now we don’t need to estimate any longer. Thomson Reuters GFMS – worldwide specialists of gold and silver data – have come out […]

$100 per Barrel Great Price for Oil – Saudi Arabia

May 13, 2012 No Comments

The world’s number 1 crude oil exporter Saudi Arabia wants the price of oil at around $100 a barrel. They also want global inventories to rise before demand rises (estimated to be in the second half of 2012), says Ali al-Naimi, Saudi Arabia’s Oil Minister. Brent Crude closed at $112.26 on Friday, off the high of $128 set in March 2011. Brent […]

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Iraq Oil Output Looks to Exceeds Iran – First Time In 24 Years

May 12, 2012 No Comments

Iraq is pumping out oil at the highest rate since Saddam Hussein’s era. This production is being led by foreign partners like Exxon Mobil and British Petrolium. They are developing new oil fields and renovating older wells. The country produced 3.03 million barrels a day in April, 7.7 percent more than in March, while Iranian production declined to 3.2 […]

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