Tension between Israel & the US and Iran has been growing the past few months. The economic sanctions are really starting to hurt Iran, but they are also hurting the West with higher oil prices. Blocking Iran’s oil exports is a big sacrifice in today’s tight oil market.
The US and Great Britain are back at it, releasing their strategic oil reserves “in an effort to prevent high fuel prices derailing economic growth in an election year”. Last year, they did the same thing while Libya’s oil production was offline. The effect on oil prices lasted for a whopping two weeks back then…. Continue reading »
It’s gearing up for the next round of financial crisis. While our so-called leaders have enjoyed their annual back-patting exercise at Davos, I have become exceedingly alarmed by what’s currently going on in the commodities markets. Food, energy and metals have all sky-rocketed during the last five or so months. While the financial markets have… Continue reading »
I know it’s been a while, but the sequel to the broken Oil Price Widget is now here. The new widget not only shows the oil price, it shows a set of other futures, currencies and indices as well. I named it the Commodities Widget, even though some of the things it shows are not… Continue reading »
Maphacker (noun) – A player who uses a hack to see the entire gaming field, giving him an unfair advantage. The word maphacker is so catchy, though, that I would like to apply it in a much broader sense. I will try to start a trend, and have maphacker become part of our common vocabulary. Also, I will list… Continue reading »