Energy & Commodities

Why Oil Markets Can’t Escape OPEC, Russian Influence

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OPEC members and their Russia-led non-OPEC allies have yet to decide how to share the 1 million bpd production boost they pledged in June. when they saw the market started to tighten too quickly which pushed oil prices to $80 a barrel—potentially ringing in the beginning of demand destruction. CLICK for complete article

Morgan Stanley Turns Bullish On Gold

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Calls by big analysts to buy gold are pretty rare these days, so when the sixth largest bank in the U.S. comes out with a nudge, gold bugs start foaming at the mouth with righteous indignation.

That’s exactly what Morgan Stanley has done—even if it really doesn’t like gold much. CLICK for complete article

Now That’s A Really Bad Idea

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238 academics signed an open letter to the European Union recommending a no economic growth agenda – better still, reduced growth despite the strong link in the research showing that the richer countries have better environmental records and higher individual satisfaction with life. 

A Walking Contradiction

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Investors and the media can’t seem to get enough of Warren Buffett. They hang on his every word as if he was sent from the heavens offering divine words of wisdom. Unfortunately, Buffett is a mere mortal, and like the rest of us, he tends to promote ideals that benefit his self-interests over yours.

The purpose of this article is not to degrade Buffett, as we have a tremendous amount of respect for his success and knowledge. In this article we look at a few recent statements and actions of Buffett’s to highlight some contradictions that lie in their wake. Our conclusion is that it is far better for investors to watch what “The Oracle” does as an investor rather than hang on his words. CLICK for complete article

Saudi Wealth Fund Pumps $1B Into Tesla Rival

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First Tesla. Now Lucid. Saudi Arabia’s Pension Investment Fund (PIF)—the Kingdom’s sovereign wealth fund—is gunning for electric vehicle glory, but it’s dipping its fingers in multiple pies.

On Monday, Lucid Motors managed to close a $1-billion deal with Saudi Arabia to fund the 2020 commercial launch of its first EV, the Lucid Air. CLICK for complete article