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Keyword: venezuela

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  • Oil Cash Waning, Venezuelan Shelves Lie Bare

    01/31/2015 6:28:40 AM PST · by thackney · 34 replies
    New York Times ^ | JAN. 29, 2015 | WILLIAM NEUMAN
    Mary Noriega heard there would be chicken. She hated being herded “like cattle,” she said, standing for hours in a line of more than 1,500 people hoping to buy food, as soldiers with side arms checked identification cards to make sure no one tried to buy basic items more than once or twice a week. But Ms. Noriega, a laboratory assistant with three children, said she had no choice, ticking off the inventory in her depleted refrigerator: coffee and corn flour. Things had gotten so bad, she said, that she had begun bartering with neighbors to put food on the...
  • Venezuela allows security forces to use firearms in protests

    01/30/2015 9:18:20 PM PST · by Olog-hai · 7 replies
    Associated Press ^ | Jan 30, 2015 6:19 PM EST
    Human rights groups and Venezuela’s opposition are criticizing the government’s new authorization for riot police to use firearms to control protests. […] Venezuela’s constitution bans the use of firearms and toxic substances to control demonstrations, although in practice such means have long been used, including during last year’s deadly street battles between police and anti-government demonstrators. …
  • Venezuelan Army Can Shoot Protesters, Effective Immediately

    01/30/2015 5:49:48 AM PST · by StaffiT · 28 replies
    Emerging Equity ^ | January 30, 2015 | Sabrina Martín
    An internal ruling made by the Venezuelan Ministry of Defense, published on Tuesday, January 27, in state newsletter Gaceta Oficial, legalizes the use of lethal weapons by the national armed forces (FANB) against protesters. [snip] Under Venezuelan law, the Defense Ministry does not have the authority to override or ignore the Constitution and the norms contained therein. María Esperanza Hermida, coordinator for enforcement in Venezuelan NGO (Provea) argued that the measure violates the Universal Declaration of Human Rights (UDHR) and the International Covenant on Civil and Political Rights (ICCPR), as well as transferring competencies to the military which are the...
  • Tape: Scientist offers to build nuke bomb targeting New York

    01/29/2015 2:48:22 PM PST · by windcliff · 35 replies
    Yahoo AP ^ | 1-29-15 | Russell Contreas
    ALBUQUERQUE, N.M. (AP) — A disgruntled, former Los Alamos National Laboratory scientist promised to build 40 nuclear weapons for Venezuela in 10 years and design a bomb targeted for New York City in exchange for "money and power," according to secret FBI recordings released Wednesday. In the recordings, Pedro Leonardo Mascheroni tells an agent posing as a Venezuelan official that the bombs would prevent the United States from invading the oil-rich nation and brags to his wife that the passing of secrets would make him wealthy. "I'm going to be the boss with money and power," the naturalized U.S. citizen...
  • Tape: Scientist offers to build nuke bomb targeting New York

    01/29/2015 2:27:48 PM PST · by Kartographer · 20 replies
    AP via Yahoo News ^ | 1/28/15 | RUSSELL CONTRERAS
    A disgruntled, former Los Alamos National Laboratory scientist promised to build 40 nuclear weapons for Venezuela in 10 years and design a bomb targeted for New York City in exchange for "money and power," according to secret FBI recordings released Wednesday. In the recordings, Pedro Leonardo Mascheroni tells an agent posing as a Venezuelan official that the bombs would prevent the United States from invading the oil-rich nation and brags to his wife that the passing of secrets would make him wealthy.
  • U.S. Must Return Guantanamo for Normal Relations With Cuba, Raúl Castro Says

    01/28/2015 8:15:22 PM PST · by Brad from Tennessee · 54 replies
    Wall Street Journal ^ | January 28, 2015 | By Associated Press
    SAN JOSÉ, Costa Rica—Cuban President Raúl Castro demanded Wednesday that the U.S. return the base at Guantanamo Bay, lift the half-century trade embargo on Cuba and compensate his country for damages before the two nations re-establish normal relations. Mr. Castro told a summit of the Community of Latin American and Caribbean States that Cuba and the U.S. are working toward full diplomatic relations but “if these problems aren’t resolved, this diplomatic rapprochement wouldn’t make any sense.” Mr. Castro and U.S. President Barack Obama announced on Dec. 17 that they would move toward renewing full diplomatic relations by reopening embassies in...
  • Russia may declare 1990 reunification illegal (i.e. West/East Germany)

    01/28/2015 3:10:43 PM PST · by Olog-hai · 35 replies
    TheLocal.de ^ | 28 Jan 2015 15:54 GMT+01:00
    More than 25 years after the Berlin Wall’s fall, Russian lawmakers are mulling a proposal to condemn West Germany’s 1990 “annexation” of East Germany as Moscow’s answer to Western denunciation of its seizure of Crimea. Sergei Naryshkin, speaker of Russian parliament’s lower house, on Wednesday ordered legislators to consider an appeal from a Communist Party deputy to denounce the reunification of Germany as an illegal land grab of East Germany by its western neighbor. The collapse of Socialist rule in East Germany—officially known as the German Democratic Republic (GDR)—heralded the end of the Cold War, and was met with jubilation...
  • Foreign Firm Funding U.S. Green Groups Tied to State-Owned Russian Oil Company

    01/27/2015 7:59:35 AM PST · by george76 · 29 replies
    Washington Free Beacon ^ | January 27, 2015 | Lachlan Markay
    Executives at a Bermudan firm funneling money to U.S. environmentalists run investment funds with Russian tycoons. A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle. One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president...
  • Merkel offers Russia free-trade agreement (with EU)

    01/24/2015 4:40:06 PM PST · by Olog-hai · 7 replies
    TheLocal.de ^ | 23 Jan 2015 08:23 GMT+01:00 | (DPA/The Local)
    Germany would be prepared to negotiate a free-trade agreement between the European Union and Russia as a way out of the deadlocked Ukraine conflict, Chancellor Angela Merkel said on Thursday. Merkel told the World Economic Forum in Davos that Germany was “ready” to open talks about “possibilities for cooperating in a collective trade area”, the Süddeutsche Zeitung reported. But she said that a precondition for the plan, suggested by Russian President Vladimir Putin several years ago but ignored by European leaders, would be a comprehensive peace agreement in Ukraine. …
  • The World Misery Index: 108 Countries [ Venezuela, Argentina ..]

    01/23/2015 3:40:49 PM PST · by george76 · 5 replies
    Cato Institute ^ | January 22, 2015 | Steve H. Hanke
    The five most miserable countries in the world at the end of 2014 are, in order: Venezuela, Argentina, Syria, Ukraine, and Iran. In 2014, Argentina and Ukraine moved into the top five, displacing Sudan and Sao Tome and Principe. The five least miserable are Brunei, Switzerland, China, Taiwan, and Japan. The United States ranks 95th, which makes it the 14th least miserable nation
  • City that sparked Venezuela protests braces for more unrest

    01/23/2015 11:08:02 AM PST · by Kartographer · 9 replies
    AP via Yahoo News ^ | 1/23/15 | JACOBO G. GARCIA
    While the streets are calmer now, tension is building again as the anniversary of the February uprising nears. Venezuela's crisis has only deepened with falling crude prices crippling the oil-dependent economy, leading to a cash crunch that has restricted imported goods to just a trickle. Basic items like flour and diapers are hard to come by even on the black market and the government has had to deploy soldiers to keep peace outside stores where people wait hours for a chance to pick through near-barren shelves. "Things are as bad as they were a year ago but now, in addition...
  • Robbers target food delivery trucks in shortage-hit Venezuela

    01/23/2015 9:49:55 AM PST · by C19fan · 48 replies
    Reuters ^ | January 23, 2015 | Alexandra Ulmer and Eyanir Chinea
    Robbers and looters are targeting trucks carrying food across Venezuela in another sign of worsening shortages that have turned basics like flour and chicken into coveted booty. Crime has long plagued shops and roads in Venezuela, which has one of the world's highest murder rates. But widespread shortages due to a restriction of dollars for imports have worsened since the New Year. This has made food delivery increasingly risky even as certain trucks have been fitted with GPS devices and are sometimes protected by private security agents.
  • Oil falls again as IMF cuts forecast; Iran hints at $25 oil

    01/20/2015 2:46:49 PM PST · by Berlin_Freeper · 24 replies
    reuters.com ^ | Jan 20, 2015 | Barani Krishnan
    Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.
  • Choses vues at the Hunger Games

    01/20/2015 1:22:42 PM PST · by Kartographer · 32 replies
    daniel-venezuela.blogspot.com ^ | Monday, January 19, 2015 | Daniel
    I was at work and decided to run to the grocery store close by to get some stuff to make a soup. So it is around 3:30 and I am with my cart at the veggies section. All is normal. Suddenly big bags of corn flour arrive. It is the one that is price controlled, the "normal" Harina P.A.N.. The one that "el pueblo" wants because there are other presentations like the one I buy which has extra fiber, but costs almost twice as much (though still dirt cheap, a dime or 3 bucks depending on your preferred exchange rate)....
  • Obama-Menendez dispute shows Dem Iran rift

    01/18/2015 5:32:33 PM PST · by Libloather · 16 replies
    KETK NBC ^ | 1/17/15
    WASHINGTON (CNN) -- A heated exchanged between President Barack Obama and Sen. Robert Menendez (D-New Jersey) broke out Thursday over whether the U.S. should reimpose sanctions on Iran amid ongoing negotiations over the country's nuclear program, according to two senators who were in the room. Menendez, the leading Democrat pushing for additional sanctions against Iran, forcefully pressed Obama on the need for additional sanctions during a meeting in which Obama urged Menendez and other senators to drop their efforts to pass sanctions legislation. Additional sanctions, Obama argued, could torpedo ongoing negotiations over Iran's nuclear program. The unusually sharp exchange, between...
  • BNSF adds oil trains, changes route in Nebraska

    01/19/2015 4:59:37 AM PST · by thackney · 6 replies
    Lincoln Journal Star ^ | January 19, 2015 | Richard Piersol
    BNSF Railway more than tripled the number of trains it moved through Nebraska with a million gallons of oil or more aboard late last year and has changed its route to bypass Lincoln, at least for some trains. Reports filed with the Nebraska Emergency Management Agency show that late last year BNSF expanded the number of oil trains it was required to report from three per week in July to a range of seven to 14 per week. Railroads must report trains that carry at least a million gallons of oil -- about 35 tank cars -- from the Bakken...
  • Beaumont event touts benefits of Keystone XL

    01/19/2015 5:02:28 AM PST · by thackney · 6 replies
    Beaumont Enterprise via Fuel Fix ^ | January 16, 2015 | Eric Besson
    Despite an oversupply of crude oil that has halved trading prices and led the U.S. to consider lifting a 40-year-ban on crude exports, completing the northern leg of the Keystone XL pipeline remains a priority, U.S. Sen. John Cornyn said Friday in Beaumont. “We know that as global demand goes up, prices will go up,” Cornyn, R-Texas, said. “I think we ought to take advantage of the opportunity we’ve been given because great innovative drilling techniques devised in the United States and the great natural resources we have … help grow our economy and help keep America safe.” Cornyn delivered...
  • U.S. rig count sees biggest drop in six years

    01/19/2015 4:57:09 AM PST · by thackney · 11 replies
    Fuel Fix ^ | January 16, 2015 | Ryan Holeywell
    More than 40,000 upstream oil and gas jobs in Texas could be lost as energy sector activity here continues to slow, said Karr Ingham, the economist who compiles the monthly Texas Petro Index tracking the industry’s economic indicators. The latest data point that spells trouble for the industry: data released Friday indicating that that the number of rigs operating in the U.S. was down 74 this week, the rig count’s biggest one-week decline in more than six years. “We’re now at the point where there’s likely to be some damage inflicted on the Texas economy,” Ingham said. “I’d sure be...
  • Ukraine Between Two Narcissists

    01/19/2015 4:32:25 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | January 19, 2015 | John Ransom
    If you think that Vladimir Putin would be dissuaded from his territorial ambitions by a few billionaires more or less being punished in Moscow, then you probably deserve to condemned to a Purgatory that resembles Obama’s White House. Despite assurances that Russia was on the ropes via economic sanctions imposed by the West after the Bear stirred up ethnic conflict in Ukraine, there are no signs but that Russia under Putin is restless. And hungry. New fighting has erupted near Donetsk with Russian supported separatists firing shells resulting in the death of 11 people. Since so-called “peace-talks” are underway between...
  • Shortages Undermine Venezuela's Teetering Socialism

    01/17/2015 8:30:00 AM PST · by Oldeconomybuyer · 27 replies
    Investors Business Daily ^ | January 16, 2015
    Socialism: Venezuelans are being arrested for posting Internet photos of shortages in stores. So let's get this straight: Murder and mayhem are de facto legal in that crime pit, but posting evidence of socialism's failure merits jailing. As socialism plays out to its logical conclusion in Venezuela, the specters of long lines, rationing, troop enforcers, bizarre edicts and desperate statements are now the order of the day. Not only have more than a dozen Venezuelans been arrested for posting photographs of empty store shelves on social media, three governors have responded to long lines by — prohibiting them; ordering the...
  • Oil services Giant Schlumberger to Lay Off 9,000, as Crude Prices Fall

    01/16/2015 6:25:36 AM PST · by SeekAndFind · 21 replies
    Yahoo Finance ^ | 01/16/2015 | Douglas A. McIntyre
    The drop in the price of oil will cost 9,000 workers at Schlumberger Ltd. (SLB) their jobs. The company disclosed: In response to lower commodity pricing and anticipated lower exploration and production spending in 2015, Schlumberger decided to reduce its overall headcount to better align with anticipated activity levels for 2015. Schlumberger recorded a $296 million charge associated with a headcount reduction of approximately 9,000. Unfortunately for the workers, the oil services company had good reason. Although fourth-quarter revenue rose 6% to $12.5 billion and operating income by 7% to $1.9 billion, the company believes the situation has deteriorated:
  • Empty shelves across Venezuela due to tumbling oil prices create a new industry: People queuing

    01/16/2015 6:49:17 AM PST · by C19fan · 15 replies
    UK Daily Mail ^ | January 16, 2015 | Khaleda Rahman
    Shortages of basic goods in crisis-hit Venezuela has created a lucrative new profession... queuing to buy things for other people. The country is experiencing a recession triggered in part by a scarcity of hard currency - which limits imports of essential goods. As a result, there are shortages of nearly a third of all basic goods and as well as tumbling oil prices, inflation ballooned to 64% last year. Krisbell Villarroel is one of many people who make a living by waiting in line to buy everything from milk and sugar to diapers and shampoo.
  • I Am Not Making This Up; Venezuela Bans Queues To Beat Product Shortages

    01/15/2015 9:32:21 AM PST · by Oldeconomybuyer · 40 replies
    Forbes ^ | January 15, 2015 | by Tim Worstall
    There are times when a little piece of news comes in from some far flung corner of the world and it’s necessary to wonder whether one should laugh or cry about it all. So it is with this remarkable story from Venezuela. The wonders of Bolivarian Socialism are so great that governors in some parts of the country have decided to ban queuing. No, really, I promise you that I am not making this up. Here’s the news about the queuing: Governors in three Venezuelan states have banned overnight queuing amid huge and sometimes rowdy lines around shops across the...
  • Saudi Arabia building massive wall along border to keep out ISIS

    01/15/2015 1:02:28 PM PST · by SeekAndFind · 20 replies
    Hotair ^ | 01/15/2015 | Noah Rothman
    The joke’s on them. Don’t the Saudis know that massive border fences do nothing to enhance domestic security and are, in fact, counterproductive? Well, I guess they’ll find out soon enough. According to reports, the Saudi Kingdom is fed up with defending against ISIS raiding parties that routinely cross over the Iraqi border. In order to stave off these assaults, the Saudis are going to build a massive, 600-mile long border fence across the length of the country’s border with Iraq. But that’s not all. The fence will be double layered with a concertina wire barrier in no man’s...
  • Saudi Arabia building 600-mile ‘Great Wall’ to keep out Islamic State

    01/15/2015 9:35:16 AM PST · by thackney · 54 replies
    Washington Times ^ | January 14, 2015 | Douglas Ernst
    With the Islamic State terrorist group in control of large swathes of Iraq, Saudi Arabia has decided to build a “Great Wall” that spans 600 miles. Construction of the security apparatus began in September and will include five layers of fencing, watch towers and night-vision and radar cameras
  • Lifting Fed’s Oil Export Ban ‘Would Add 630,000 New Jobs’ and Lower Prices More (Ted Cruz)

    01/14/2015 12:46:32 PM PST · by 2ndDivisionVet · 25 replies
    CNS News ^ | January 14, 2015 | Phil Kerpen
    The politics of the crude exports issue are confused by a lot of irresponsible reporting. Almost every story on the issue asserts that allowing exports would be politically dangerous because it would supposedly raise prices at the pump, but the claim is never credibly sourced. In fact, every single serious study has found precisely the opposite: allowing crude exports would lower prices at the pump. With Senator Ted Cruz leading the charge on an amendment to end the export ban, some reporters will be working even harder to pretend his amendment is dubious or even destructive. But facts matter. The...
  • Russia braces for ‘junk’ downgrade as oil drags

    01/14/2015 11:45:10 AM PST · by Berlin_Freeper · 25 replies
    cnbc.com ^ | Jan 14 2015 | Holly Ellyatt
    The ruble continues to fall, sanctions are biting and the slide in the price of oil shows no sign of slowing – it's hitting Russia hard and means a credit rating downgrade to "junk" status could be on the way. Russia's Economy Minister Alexei Ulyukayev said on Wednesday that the chances of the beleaguered country's rating being downgraded to junk were "pretty high," according to the Interfax news agency.
  • The Impending Collapse Of Venezuela

    01/14/2015 11:56:15 AM PST · by Kartographer · 69 replies
    Forbes ^ | 1/13/15 | Frances Coppola
    Shortages are nothing new in Venezuela. Indeed, a shortage of toilet paper has been the subject of global amusement for quite some time. But recently, the shortages have become much worse. Last week, a government official was jeered for saying that long lines indicated that “Venezuela has plenty of food”, when rows and rows of empty shelves in stores were telling a different story. Bloomberg reports that people are queueing overnight for necessities such as soap, milk and diapers. This is very dangerous. Venezuela is already one of the most violent societies on earth. And when shortages start to affect...
  • Russia Just Pulled Itself Out Of The Petrodollar

    01/14/2015 10:37:04 AM PST · by tcrlaf · 30 replies
    Zerohedge ^ | 1-14-2015 | Durden
    Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote "How The Petrodollar Quietly Died, And Nobody Noticed", because for the first time in almost two decades, energy-exporting countries would pull their "petrodollars" out of world markets in 2015. This empirical death of Petrodollar followed years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling....
  • Putin's Way [PBS documentary]

    01/14/2015 12:53:15 AM PST · by elhombrelibre · 51 replies
    The larger-than-life Russian leader has held power — with one title or another — for 15 years, and is set to reign for at least a decade more. Yet Putin remains inscrutable. With only a smattering of biographical details released to the public and his sometimes puzzling public appearances, scholars — and even many world leaders — still struggle to understand the man at the helm of the Kremlin. To glean a clearer picture, FRONTLINE took a closer look at some of the most identifiable aspects of Putin’s public persona. --------------------------------------------------------- Putin’s Way, FRONTLINE’s investigation into the accusations of criminality...
  • Wow! Venezuela bishops tell Pope Francis the downside of socialism and communism

    01/14/2015 6:40:23 AM PST · by SeekAndFind · 24 replies
    American Thinker ^ | 01/14/2015 | Thomas Lifson
    Wow! Venezuela bishops tell Pope Francis the downside of socialism and communism Pope Francis, a native of Argentina, has established himself as a critic of capitalism, but now he has received a statement from the bishops of Venezuela offering some insight on that Latin American nation’s experience with socialism and Marxism. I am not an expert on the internal workings of the Catholic Church, but this strikes me as an extraordinary move. Writing in Investor’s Business Daily, Monica Showalter lays out the message the bishops delivered:  Venezuela's bishops Monday blamed "Marxist socialism" and "communism" by name for the horrors...
  • Ratings agencies warn of U.S. oil company, Venezuelan defaults

    01/14/2015 4:45:14 AM PST · by thackney · 12 replies
    Fuel Fix ^ | January 13, 2015 | Collin Eaton
    Two major U.S. credit ratings agencies on Tuesday warned of debt defaults by both U.S. energy companies and oil-dependent Venezuela amid crashing petroleum prices. Fitch Ratings said it expects the default rate for U.S. energy junk bonds to rise from 0.7 percent over the next few years, though it didn’t forecast a specific rate. It said more than $78 billion in the U.S. energy sector’s so-called junk debt is rated at Fitch’s “weak” B- rating – just one spot above the “very weak” CCC rating. That’s up from $55 billion at the end of 2013. Over the past five years,...
  • Why does no one believe the Saudis?

    01/13/2015 10:39:27 AM PST · by thackney · 79 replies
    Oil Pro ^ | 1/13/2015 | Don Minter
    I've been in the oil patch for close to 30 years. During that time, I have seen oil price go down to about $10 per barrel, and I have seen the price rise to over $100 per barrel. I have seen the price swing for no reason at all. I have heard different bogeymen being blamed for changes in the oil price. Supply and demand are certainly part of the oil price equation, but speculation has been a major price driver for at least the last couple of years, beyond the S&D factors. Right now, the Saudis are being blamed...
  • Do Not Be Fooled by Recent Struggles. Russia Poses a Direct Threat to America and Her Interests.

    01/13/2015 11:50:09 AM PST · by fredericbastiat1 · 11 replies
    TheBlaze ^ | 2015-01-13 | Benjamin Weingarten
    In the face of difficult circumstances, Russia, understanding the mindset of its “former” foes, made the brilliant decision to join the West through economic and diplomatic “cooperation.” This convergence strategy gave the outward appearance of a liberalizing Russia, but consistent with its historical adeptness at subversion and subterfuge, proved a clever way to rebuild, gain leverage over and embed itself within its enemies. Russia opened itself to trade to raise capital and procure technology that it could use to exploit its natural resources, rebuild its military and enrich Vladimir Putin and his cronies. In so doing, Russia developed energy pipelines...
  • Iran's Rouhani says countries behind oil price drop will suffer

    01/13/2015 5:47:51 AM PST · by thackney · 16 replies
    Reuters ^ | Jan 13, 2015 | MICHELLE MOGHTADER
    Iranian President Hassan Rouhani said on Tuesday that countries behind the fall in global oil prices would regret their decision and warned that Saudi Arabia and Kuwait would suffer alongside Iran from the price drop. "Those that have planned to decrease the prices against other countries will regret this decision," Rouhani said in a speech broadcast on state television as oil plunged to near six year lows on international markets. [O/R] "If Iran suffers from the drop in oil prices, know that other oil-producing countries such as Saudi Arabia and Kuwait will suffer more than Iran," he added. Oil prices...
  • Venezuelans staying the night outside stores for food

    01/12/2015 9:56:42 PM PST · by GeronL · 102 replies
    El Universal ^ | January 12, 2014 | Carrir, Abrer
    Monday January 12, 2015 01:40 PM Last Friday, dozens of people spent the night in the surroundings of the Andrés Bello square (north Caracas) to buy food in an outdoor market organized by the Venezuelan Ministry of Food. For taking home staples such as rice, pre-cooked corn flour, milk, oil, sugar, beef or chicken, people had to wait in line for at least twelve hours. Buyers had numbers written on their arms. With fear and anger, but with the need to buy food, they were waiting there since the day before. "No matter if I am very fond of this...
  • PRINCE ALWALEED: Oil Is Never Going Back To $100

    01/12/2015 10:26:11 AM PST · by blam · 45 replies
    BI ^ | 1-12-2015 | Portia Crowe
    Portia Crowe January 12, 2015Prince Alwaleed bin Talal, the eccentric Saudi billionaire once labeled the "Arabian Warren Buffett," predicted that oil would never again reach $100 a barrel. "The price of oil above $100 is artificial," he said. "It's not correct." That's in an interview with Maria Bartiromo for USA Today, in which the business magnate blamed oversupply and weak demand for the recent drop in oil prices. He also predicted hard times ahead for America's shale-oil and gas industries. "No one knows for sure what price is the breaking point for shale," he said. "Wells have a higher production...
  • Saudi Prince Says We’ll ‘Never’ See $100 Oil Barrels Again

    01/12/2015 8:56:02 AM PST · by 2ndDivisionVet · 62 replies
    Time Magazine ^ | January 12, 2015 | Laura Stampler
    "You better believe it is gonna go down more," Alwaleed bin Talal said.Saudi royal prince Alwaleed bin Talal says in a new interview that the days of $100-a-barrel oil are a thing of the past, as oil prices continue to drop around the globe. Asked by USA Today if prices, recently below $50 a barrel, would continue to plunge, Talal answered: “If supply stays where it is, and demand remains weak, you better believe it is gonna go down more. But if some supply is taken off the market, and there’s some growth in demand, prices may go up. But...
  • Crude Oil Is Crashing Again ($46.77)

    01/12/2015 5:47:20 AM PST · by blam · 50 replies
    BI ^ | 1-12-2015 | Myles Udland
    Myles UdlandJanuary 15, 2015Good morning! It is a new week and crude oil is making new lows.(snip)(snip)
  • Venezuela's Maduro seeks support from Saudi Arabia on oil prices

    01/11/2015 3:44:58 PM PST · by KingofZion · 13 replies
    Reuters ^ | January 11, 2015 | Reem Shamseddine
    Venezuelan President Nicolas Maduro met Saudi Arabia's Crown Prince Salman in Riyadh on Sunday as part of a diplomatic tour of OPEC members to discuss falling oil prices, which have hit its economy hard. The Saudi side in the meeting included Oil Minister Ali al-Naimi and several princes including Deputy Crown Prince Muqrin, intelligence chief Prince Khaled bin Bandar and three sons of King Abdullah, who is in hospital, state media reported. No details of the meeting were given by the official Saudi Press Agency and there was no indication that the world's biggest oil exporter was any closer to...
  • Jeb In 94: I Would Do ‘Probably Nothing’ For African-Americans

    01/10/2015 8:40:48 PM PST · by Bratch · 27 replies
    The Daily Caller ^ | January 10, 2016 | SCOTT GREER
    Former Florida Gov. Jeb Bush appears poised for a presidential run and is currently leading the polls among potential Republican candidates for 2016, but the comments he made in 1994 during his first run for Florida’s highest office may come back to haunt him.The Associated Press reports that Bush described himself then as a “head-banging conservative” and used fiery rhetoric — such as claiming he would do “probably nothing” for African-Americans if he became governor — in his ultimately unsuccessful bid. Bush made that statement in response to a question on what he would for African-Americans if elected to office.“It’s time...
  • Yemen: Another Failure The Obama Administration Touted As a Success

    01/10/2015 6:25:01 AM PST · by KeyLargo · 15 replies
    Townhall.com ^ | Jan 09, 2015 | Katie Pavlich
    Yemen: Another Failure The Obama Administration Touted As a Success Katie Pavlich | Jan 09, 2015 As law enforcement officials hone in on two Islamic terrorists who carried out an attack on French magazine Charlie Hebdo earlier this week, we're learning more about where the terrorists came from, what their backgrounds are and where they received their training. There are three suspects total. Two brothers, Said and Cherif Kouachi, are still on the run but officials know where they are and have been in contact with them throughout the morning. The youngest of the terror suspects turned himself in earlier...
  • Venezuelan military tells customers not to take pictures of empty shelves in supermarkets

    01/10/2015 4:38:36 AM PST · by grundle · 23 replies
    wordpress ^ | January 10, 2015 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog Venezuelan military tells customers not to take pictures of empty shelves in supermarkets The Venezuelan military has troops stationed in supermarkets, and they are telling customers not to take pictures of empty shelves. But that hasn’t stopped people from doing it. During the first week of 2015, the Twitter hashtag #AnaquelesVaciosEnVenezuela (“Empty shelves in Venezuela”) listed more than 200,000 tweets.For example: (posted here under fair use from https://twitter.com/Indiferencia/status/551547489565016064/photo/1 ) Nicolas Maduro, the country’s president, has continued the policies of Hugo Chavez, the country’s previous president who died in March 2013.Chavez was an incompetent, communist dictator, who...
  • Venezuela supermarket lines swell as shoppers scramble to buy basics

    01/09/2015 11:44:32 AM PST · by Kartographer · 83 replies
    Reuters ^ | 1/9/14 | Alexandra Ulmer
    Lines are swelling at Venezuelan supermarkets, with some shoppers showing up before dawn in search of products ranging from chicken to laundry detergent, as a holiday slowdown in deliveries sharpened the nation's nagging product shortages. Queues snaked around the block at grocery stores and pharmacies around the country on Friday, with consumers in some cases gathering before dawn under the gaze of National Guard troops posted to maintain order. Business leaders have assured Venezuelans the situation will improve in the coming days as distributors return from the often extended Christmas holidays, though many consumers blamed the socialist economic policies of...
  • Venezuela's bizarre response to McDonald's running out of french fries

    01/08/2015 3:02:22 PM PST · by mandaladon · 27 replies
    Tico Times ^ | 8 Jan 2015 | Roberto A. Ferdman
    Venezuela’s leaders aren’t taking the ongoing McDonald’s french fry shortage in their country too well. Publicly sponsored news outlets, government officials, and even the country’s president, Nicolás Maduro, have all responded to McDonald’s unthinkable french fry shortage, which spans all 100 outlets in the country, by publicly criticizing the chain, and its french fries. One of the loudest responses came from Telesur, a state-sponsored news outlet, which wasted no time in getting to what it views as the heart of the issue. The outlet published a story headlined, “McDonald’s joins economic war against Venezuela,” not-so-subtly suggesting that the lack of...
  • Bombshell proof! Hillary paid Amnesty International to prepare coup d’état

    01/08/2015 5:34:04 AM PST · by HomerBohn · 22 replies
    The Event Chronicle ^ | 1/8/2015 | Kevin Barrett
    US taxpayers looted to destroy sovereign nations As the American people slide deeper into bankruptcy, their government continues to spend billions to overthrow foreign governments and destabilize or destroy foreign nations. Victoria Nuland’s confession that US taxpayers had contributed 5 billion dollars to overthrow the democratically-elected Ukrainian government, and incite a civil war designed to destroy that country, was just the tip of the iceberg. And it gets worse. We now have smoking-gun proof that the State Department under Hillary Clinton corrupted the world’s biggest human rights organization, Amnesty International, by paying it to conduct ultra-secret CIA-style destabilization operations to...
  • (The Woes of Socialism) Venezuelans Not 'Lovin' It' as McDonald's Fries Go Scarce

    01/06/2015 10:05:29 PM PST · by DogByte6RER · 24 replies
    Yahoo! News ^ | January 6, 2015 | Corina Pons
    Venezuelans not 'lovin' it' as McDonald's fries go scarce CARACAS (Reuters) - Venezuelan fast-food lovers are mourning the disappearance of McDonald's golden staple: the french fry. A recent shortage at the U.S. fast food chain comes as socialist Venezuela grapples with shortfalls of basic goods ranging from medicines to flour due to strict currency controls that stymie imports. McDonald's restaurants are coping by replacing the spuds with salad or local fare such as fried yuca or "arepa" corn pancakes - but Golden Arches fans are none too happy about the new meal. "Hamburgers don't go with arepas and this salad...
  • Venezuelan leader Maduro seeks economic help on tour

    01/06/2015 2:48:53 PM PST · by Lorianne · 6 replies
    BBC ^ | 04 January 2015
    Venezuelan President Nicolas Maduro is beginning an international tour to try to stem the impact of falling oil prices and a deepening recession. Mr Maduro goes first to China - a major source of loans for Venezuela - for talks with the Chinese President, Xi Jinping. He will then travel to various Opec member countries to press for cuts in oil output that would boost prices. Venezuelan oil prices have dropped by half since June. The country gets most of its foreign currency from oil exports and is estimated to have the largest oil reserves in the world. Before he...
  • "Now There's Not Even Soap" Maduro Heads To China To 'Save' Socialist Utopia Venezuela

    01/04/2015 6:37:55 PM PST · by Kartographer · 84 replies
    Zero Hedge ^ | 1/4/15
    Social media is awash with striking images of #EmptyShelvesInVenezuela (#AnaquelesVaciosEnVenezuela) as the evaporation of basic human staples such as toilet paper has now been hyperinflated to total chaos at warehouses and supermarkets. As President Maduro decries the loss of $100 oil "stability", vowing to return oil prices to their rightful places (and heads to China for help), lines reach for miles for milk and soap... and the people defy governmental bans on photographing empty market shelves... "We couldn't find shampoo, so we washed our hair with soap. Now there's not even soap."
  • Hotline's GOP Presidential Power Rankings: Bush and Rubio Have Early Lead

    01/04/2015 7:56:42 PM PST · by 2ndDivisionVet · 33 replies
    National Journal ^ | January 4, 2015 | Tim Alberta, Scott Bland, Shane Goldmacher, Josh Kraushaar, Alex Roarty and Adam Wollner
    From the first day of 2011, Mitt Romney was the favorite to win the 2012 Republican presidential primary campaign. No one else was even close. The 2016 outlook could not be more different. Offered the choice to bet on one single candidate to win the nomination versus the rest of the field, the choice would have to be "the field." For the first time in years, there is no one next in line. And without a former vice president or powerhouse former candidate looking likely to run, Republicans are shaping up to spend the next year and a half fighting...