8,675
2009-08-31 10:47:00 Posting will be sporadic after today for the next 10 days as Suttabhai is off to the mountains where internet coverage is scrappy to non-existent. National Bank of Pakistan, the nation’s biggest lender by assets, said second-quarter profit declined 41.5 percent after it paid a higher rate of interest on savings accounts.Net income fell to 2.03 ...
8,541
2009-08-30 23:52:00 The KSE-100 index closed up at 8,541 on Friday with a an increase of 226 points. The market is looking slightly overbought now and could well correct to 8,100 before reaching its next target of 8,700. News : Pakistan State Oil Ltd., the nation’s biggest fuel retailer, raised 15 billion rupees ($180 million) to help avert ...
Corporations Leaving America For The Lower Tax Country Of Switzerland
2009-03-12 16:01:00 Yet a wave of energy companies has in the last few months announced plans to move to Switzerland — mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama’s tax-seeking administration Gee, who would have seen this coming? These ungrateful corporate pigs. Don’t ...
5,788
2009-03-05 13:32:00 The Karachi Stock market made a high of 5,924 and closed lower after some profit taking. The index looks like it might struggle its way towards 6200, depending on what further political bullshit transpires. Dividends : Shell Pakistan has reported a loss after tax of Rs5.164 billion during the first half of 2008-09 compared to ...
Barack Obama?s Newest Fan Club Members Include Venezuela?s Hugo Chavez And
2009-01-24 02:32:00 Western Hemisphere’s Terr’ists Looking Forward To “Pallin Around” With Obama For Next Four To Eight Years Folks, what does it take for a newly-sworn-in president to please a couple of terr’ists? Answer 1: close down Guantanamo Bay and let all of those terr’ists... This is only a comment summary. Visit http://guntotingliberal.com to view the lastest content complete with some of the most outrageous original photoshops in the political blogosphere!
Oil ETFs: Time to Invest in Anticipation of a Rebound in Oil Price?
2009-01-13 20:31:00 Original Post on The Sun's Financial Diary Oil ETFs: Time to Invest in Anticipation of a Rebound in Oil Price? Original Post on The Sun's Financial Diary Oil ETFs: Time to Invest in Anticipation of a Rebound in Oil Price? Last week, I talked about CGM Focus Fund (CGMFX) and how the fund was hammered after oil prices plunged. Currently traded around $37 a barrel, crude oil prices have lost more than $100 since last July. ...
Oil Prices and Speculation
2009-01-13 19:10:00 Watch CBS Videos Online 60 Minutes had an interesting story on the role of speculation in oil prices. In less than a year, the price of oil went from somewhere in the 60s to $147 near its peak. ?This was the period of the spike,” Masters agreed. “So you had the largest price increase in history ...
How Silly Putty Was Invented
2008-11-20 04:38:00 Silly Putty was accidentally invented by James Wright of General Electric when he dropped boric acid into silicone oil. He was looking for a substitute for artificial rubber. GE supplied the newly discovered dilatant compound to researchers around the world. None found a use for it, but they all loved playing with it. [wikipedia]
By: Factsbuffet.com
Cold Weather & Gas Prices
2008-11-11 00:57:00 These thing aren’t intertwined or anything. I just didn’t want to do two posts. Cold Weather I don’t know if I’ve ever mentioned it or not, but I’m a cold weather person. When the temps start to dip into the 40’s, that’s when I’m happy. Today’s been a cold rainy day and I’m ...
Oil multinationals in ?Renewable Energy? - it makes no sense.
2008-10-24 18:53:00 We continue to be deluged with corporate advertising claiming that the multinational oil companies are in the vanguard in promoting the benefits of renewable energy. The latest ads from BP, the ?beyond petroleum? company, are a case in point. They say that a combination of Oil+Gas+Wind+Solar+Biofuels will give the world a ?dependable energy future?. True ...
Gas Prices
2008-10-13 00:39:00 I don’t know what they are in other parts of the country, but around here gas is down to $2.75/gallon and $2.85/gallon for no ethanol. That’s over a dollar drop in, what, 3-4 months. When it was around $4/gallon you couldn’t watch a newscast without them mentioning it every 5 minutes. And ...
Ashford Hospitality Trust: Q2 Earnings Analysis
2008-08-12 01:36:00 By Lawrence MeyersYou can read the pre-earnings analysis of Ashford here, along with an interview with its CEO: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6Ashford?s second quarter earnings were released last week. Despite the state of the economy and concerns over travel, they posted impressive numbers. Yes, they reported a net loss, but investors should remember that for ...
Ashford Hospitality Trust CEO Interview: Pt. 6
2008-08-04 10:35:00 In Part 6 of his series, Lawrence Meyers and Monty Bennett discuss Ashford’s REIT structure and how to read their balance sheet. By: Lawrence Meyers L: Let’s talk about hotel REITs and how they work, and specifically, how Ashford Hospitality Trust (NYSE: AHT) works. M: REITS are not allowed to operate their own hotels. They can own them, ...
Ashford Hospitality Trust CEO Interview: Pt. 5
2008-08-01 05:59:00 In Part 5 of his series, Lawrence Meyers and Monty Bennett discuss Ashford’s deployment of its corporate strategy By: Lawrence Meyers L: Right now, how is Ashford Hospitality Trust (NYSE: AHT) deploying its four-pronged capital strategy? M: We target hotel first mortgages, mezzanine loans, sale-leasebacks and direct ownership in different proportions depending upon the current state of the ...
Pandering for Enviromentalist
2008-07-31 20:58:00 We are all concerned with the rising cost of gasoline. It not only cost us directly as we pump the gasoline into our car,. it also cost us as in rising cost of food and most everything we use. Everything is shipped by some form of oil. I know many of you are dealing with it in many ways. There is one thing in this area that most don’t seem to know. I have written how the Democrats don’t want to drill for new oil. Now we find that they have a pending 10 cents per gallon increase in federal gas tax
By: Carbon Phallusy
Ashford Hospitality Trust CEO Interview: Pt. 4
2008-07-31 14:25:00 In Part 4 of his series, Lawrence Meyers and Monty Bennett discuss Ashford’s unique methods to profit from hotel down cycles. By: Lawrence Meyers L: Let’s examine what happens with Ashford Hospitality Trust (NYSE: AHT) during the hotel industry’s down cycle, which is occurring now. You?ve said during those times you?re much more likely to invest in loans and ...
10,853
2008-07-30 23:59:00 As expected, the KSE-100 index shot up today closing 404 points up at 10,853. Despite the 400 point rise, volumes were relatively low with 87.6 million shares traded. The 1% interest rate hike was within market expectations and no further hikes in the CRR & SLR were seen as positive. Now that the uncertainty of ...
Ashford Hospitality Trust CEO Interview: Pt. 3
2008-07-30 14:15:00 In Part 3 of his series, Lawrence Meyers and Monty Bennett discuss Ashford’s strategy of taking advantage of hotel cycles. By: Lawrence Meyers L: Okay, last time we discussed how your management experience helps you decide the right times to buy and sell hotels for Ashford Hospitality Trust (NYSE: AHT). But how do you really know when ...
10,578
2008-07-29 00:47:00 The KSE-100 index got hammered today on investors’ fears of another interest rate hike due to be announced 2moro. The market fell 453 points to close down at 10,578. It could fall further depending on the amount of the interest rate hike, the bigger the hike, the greater the fall. Be prepared with large jars ...
10,784
2008-07-22 14:25:00 The Karachi Stock market opened up and stayed positive all day, closing at 10,784. The market rose in anticipation of the Finance Minister’s visit this afternoon . He announced that the EMOF would be Rs.20 billion and would be managed by NIT. Also mentioned that the Govt. would work with the SBP to have a ...
And there you have it!
2008-07-18 17:46:00 The financial are up huge the past few days since I wrote about the fakeout shakeout. Oil is getting hit every time is tries to rally and I am of the opinion that the next big move is going to the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Democrats try to spur more oil exploration
2008-07-17 14:36:00 WASHINGTON (AP) - Seeking to blunt GOP efforts to permit oil exploration off Atlantic and Pacific coasts, House Democrats are pushing legislation they say would spur oil drilling on already available lands in Alaska, the West and the western Gulf of Mexico. Republicans scoffed that the so-called Drill Act - imposing a tougher “use it or ...
By: TexasFred's
Bush lifts executive ban on offshore drilling
2008-07-14 20:17:00 WASHINGTON (AP) - Putting pressure on congressional Democrats to back more exploration for oil, President Bush on Monday lifted an executive ban on offshore drilling that has stood since his father was president. But the move, by itself, will do nothing unless Congress acts as well. There are two prohibitions on offshore drilling, one imposed by ...
By: TexasFred's
Bush tries to blame Congress for high energy costs
2008-07-12 16:56:00 WASHINGTON (AP) - President Bush on Saturday tried to pin the blame on Congress for soaring energy prices and said lawmakers need to lift long-standing restrictions on drilling for oil in pristine lands and offshore tracts believed to hold huge reserves of fuel. “It’s time for members of Congress to address the pain that high gas ...
By: TexasFred's
11,773
2008-07-11 00:30:00 After yesterday’s volume of 50 million, the market resumed its previous low volume, trading only 10.5 million shares. The market remained down the whole day and in the last 2-3 minutes jumped up by 60 odd points on heavy buying in HBL. The outlook for 2moro looks the same till there is some clarification on ...
11,796
2008-07-10 00:05:00 The KSE-100 index actually went into the green zone a couple of times today, the first time in many days. The rapid (but long overdue ) support measures by the SBP on halting the rupee’s slide and yesterday’s news of a Rs. 50 billion market fund being talked about , seemd to be positive catalysts ...
12,035
2008-07-03 22:12:00 More low volume trading saw the KSE-100 index post its 5th consecutive negative close today. Only 9 million shares were traded. The ruppee hit a new low today and nearly crossed Rs.70 to the dollar. Its seems likely that there will be another negative close 2moro being the end of the week and no positive ...
Democrats Try To Tie High Gas Prices To Republicans
2008-06-30 23:02:00 Some Democrats from the House will have found themselves a Bush impersonator for a radio ad that tries to blame Republicans for the high price of gas in the country. Really? The national average today is over $4/gallon. In January 2007, when Democrats took control of Congress, it was around $2.20/gallon. ...
Bush signs $162 billion war spending bill
2008-06-30 19:51:00 WASHINGTON (AP) - President Bush on Monday signed legislation to pay for the war operations in Iraq and Afghanistan for the rest of his presidency and beyond, hailing the $162 billion plan as a rare product of bipartisan cooperation. “This bill shows the American people that even in an election year, Republicans and Democrats can come ...
By: TexasFred's
12,452
2008-06-26 22:41:00 The KSE-100 index made a high of 12,609 and closed at 12,452. As expected yesterday, there were quite a few lower caps and the market cooled off today with some profit taking. There could be some weekend selling 2moro as well. Oil shot up over $140 based on a weak dollar and irresponsible remarks from ...
12,122 - Short selling banned for one month
2008-06-24 17:10:00 The new measures imposed by the SECP this morning saw the KSE-100 index soar to an all time daily gain of 960.50 points, the highest ever one day gain in the history of the Karachi Stock Exchange. The new rules will provide temporary relief from the " bleeding rectum syndrome " for most investors for ...
Stupid Citizen, Let Us Take Care Of Everything
2008-06-19 09:51:00 Not only do some in Congress want this country to work more like Europe, now some also want us to work more like Venezuela. We (the government) should own the refineries. Then we can control how much gets out into the market. Wow. And as we all know, the government can do a better job than ...
Senate Republicans Block Windfall Profits Tax on Big Oil Companies
2008-06-10 21:50:00 Democrats fall eight votes short of preventing filibuster With gasoline prices topping $4 a gallon, Senate Democrats wanted the U.S. government to throttle back on the billions of dollars in profits...
By: Green Options
FLASH: OilPANIC UK-style as British government urges citizens not to panic
2008-06-10 18:56:00 And you know what happens when the government tells people not to panic...Oh, the lines at the pumps will be interesting to watch. Kind of like the lines outside of Northern Rock locations last year. And the lines at the gas pumps in Phoenix a few years back when they had a pipeline bust.Anyone feeling 1970's right about now? Got a little Iran problem building too just to make it fun...Drivers urged not to panic buy fuelA planned four day strike by 500 oil tanker drivers has been attacked by Downing Street as the Government urged motorists not to panic buy fuel amid fears of petrol shortages.Talks aimed at resolving the row are due to be held at a secret location under the chairmanship of the conciliation service Acas, but time is running out to break the deadlocked row.Prime Minister Gordon Brown's spokesman said contingency plans were in hand to minimise disruption using new measures put in place last week. He told reporters: "We believe that this strike is unnecessary and we...
By: Housing PANIC
Seven Questions: The New World Energy Order
2008-06-06 14:58:00 Why are oil prices soaring so high, and will they ever return to Earth? Fatih Birol, chief economist at the International Energy Agency in Paris, explains why peak oil is real, why biofuels are indispensable, and how China determines what you pay at the pump. Read More…
By: 1913 Intel
Oil to hit $400 a barrel by 2018
2008-06-06 06:36:00 ?The big story is productivity in China,? he asserts, noting it is an incredible 9%, or three times the level of productivity in the US during its 1990s peak. Admiral Owens attributes this to the country?s high-quality infrastructure. It will allow the Chinese economy to soon become the second-largest in the world, with a GDP ...
By: 1913 Intel
Peak Oil - How Will You Ride the Slide?
2008-06-04 21:16:00 This is a great video illustrating peak oil. Where we started and where we’re going to finish.
By: Damon Clifford
Morgan Stanley?s Chief U.S. Economist Says Recession Is Here
2008-06-04 05:43:00 Richard Berner, Morgan Stanley?s chief U.S. economist, said yesterday at a public finance and pension fund conference in Illinois that the United States is in a mild recession. Berner added that the U.S. housing crisis still has ?a long way to go? because of excess supply and caution by both lenders and potential homebuyers. ...
By: Boom2Bust.com
Congress Fails Again At Finding A Solution To Rising Gas Prices
2008-06-02 14:00:00 Congress lead their second round of questioning for the execs of the major oil companies on why gas prices were so high and how they can be okay with making so much money while people are paying so much for gasoline. Don’t they understand that the oil industry is a byproduct of the transportation industry. ...
By: Damon Clifford
What Do We Know about Natural Resources and Civil War?
2008-05-31 05:41:00 Since the late 1990s, there has been a flood of research on natural resources and civil war. This article reviews 14 recent cross-national econometric studies, and many qualitative studies, that cast light on the relationship between natural resources and civil war. It suggests that collectively they imply four underlying regularities: first, oil increases the likelihood ...
By: 1913 Intel
Getting To The Energy (Oil) Solution
2008-05-28 17:26:00 Ultimately, we need to develop alternative energy and all indications are the researchers are very near a break through which will make solar energy viable everywhere. The expectation is it will still take 15 to 20 years to productize it to the point where it will make a real impact on our energy use. Yes, eventually ...
By: Investing Notes
Editorial: Son Of A Bitch Stole My Gas
2008-05-27 00:58:00 What a day in April it was. The prior week's light showers gave birth to new flowers and a healthy dark green lawn. Of course, as the man of the house, I found myself outside on a crisp but slightly warm morning fixing the blade of an overturned lawnmower. What do I see out of the corner of my eye? Greg Lynch, childhood friend and next door neighbor for fifteen years, crouching down nearly out of sight, siphoning gas from my Ford F-150.
By: The Butter Stick
A Slippery Moment for Mexican Oil
2008-05-26 15:52:00 Output is tanking, but there’s fierce opposition to a plan that could reward Big Oil for helping find new reserves Reform is urgent: Oil output in Mexico, the world’s No. 6 producer of crude, is plummeting. At the Cantarell field, the country’s main source of oil, production is declining 15% annually. Pemex pumped 2.85 million barrels ...
By: 1913 Intel
Whither the Price of Oil?
2008-05-24 22:03:00 Why has the price of oil risen so much in the past few months? Is it a supply and demand issue as some believe; or is it because of an out-of-control futures market driven by the proliferation of commodity index funds and rampant speculation, as everyone tries to get in on the rise in commodity ...
By: 1913 Intel
Exxon Mobile Can?t Break a $100 Bill?!
2008-05-23 23:26:00 It’s rare that I’d ever have a $100 bill in my wallet, but I just got back from Vegas and fortunately I didn’t spend everything I had! I stopped at the Exxon Mobile station here in Austin off of 183 and Braker to put some gas in my tank and all I had was a couple ...
By: Damon Clifford
Gas roars higher, pressuring holiday travelers
2008-05-23 22:25:00 NEW YORK (AP) - As consumers began hitting the road Friday for the Memorial Day weekend, they faced the sobering reality that it now costs $87 to fill a Ford Explorer SUV, up $14 from last year, and $72 to fill a mid-sized Honda Accord, up $12. That’s because gas prices, which took another jump higher ...
By: TexasFred's
If You Have Doubted the Democrats Have a Socialist Agenda, Take a Look At T
2008-05-23 21:59:00 We have preached and preached that the Democrat's agenda reeks of socialism. Now, Maxine Waters, who has a history of embracing communists, lets it slip.
I was was ahead and totally correct!
2008-05-23 18:43:00 I have been suggesting for the longest time that oil remains the biggest threat to the US and other economies and that it would only start running after it took out $100. Well, here we are at $135 in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
What?s Really Going On With Gas
2008-05-23 07:07:00 On tonight’s episode, Glenn Beck had T. Boone Pickens on. Pickens is the CEO of BP Capital. He’s a Texas oilman who’s turned his attention to wind power. Why is gas so high? KISS: Keep It Simple, Stupid. Pickens can’t make it any more simple. Who’s to blame for ... |
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