Mexican Drug Cartels New Business Venture: Oil and Gas

 

News from a knowledgeable journalist on Mexican drug cartels/U.S. southern border caught my eye a few days ago that should be of concern. Continue reading →

Here’s the Best Way On How to Protest the Dakota Access and Keystone Pipelines 

I think oil and natural gas are one of the best discoveries man has ever found. But there is a growing population that don’t Continue reading →

Good News, Venezuela’s Economy Going Into the Crapper

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One good thing in promoting a “fair economy” one can look at what they’ll get by looking at Venezuela. Everyone suffers together in the name of collectivism:

“Venezuela is projected to experience a deep recession in 2015 and 2016,” the IMF said Tuesday in its World Economic Outlook. The country’s real gross domestic product probably will contract 10 percent this year and 6 percent in 2016, it said.

Inflation in Venezuela, already the fastest in the world, will average 159 percent in 2015 and increase to 204 percent next year, the IMF said.

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H/T Bloomberg Business

Caterpillar To Cut 10,000 Jobs

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(AP) — Caterpillar is planning another round of job cuts that could exceed 10,000 people through 2018, as the construction and mining equipment maker adjusts to downturns in key markets.
Continue reading →

President Jimmy Carter’s Disastrous Oil Prediction

Oil Stocks Outperform in State Pension Funds

WorldOil.com is showing interesting investment returns on state pension funds invested in oil. The study was done by Sonecon.

On average, $1 invested in oil and natural gas stocks in 2005 was worth $2.30 in 2013. By contrast, $1 invested in all other assets over the same period was worth $1.68.

While oil and natural gas stocks make up, on average, 4% of holdings in the top public pension funds, they accounted for, on average, 8% of the returns in these funds from 2005 to 2013, according to the Sonecon study.                                    

The report examines the top two public pension funds in 17 states, which collectively cover more than half (55%) of all workers in the U.S. who participate in state and local government pension plans.

States analyzed in the report are: California, Florida, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Ohio, Pennsylvania, South Carolina, and West Virginia.