May 2010

Below is a clip from Sky News which demonstrates that a Gold Rush is developing in China, with many now distrustful of fiat currencies. China is now the number one consumer of gold. But all across the world, we are witnessing the same…

Highlights The US dollar was mostly softer vs. the majors, but remained in narrow trading ranges as both UK and US markets were closed for holidays.  While the euro saw a brief respite, we believe that the negative news stream will…

Deepwater Horizon Gulf Oil Production by Water Depth - Paul Kedrosky 1997 Warning on Deep Blowouts: ‘Options Are Limited’ - Dot Earth Blog - NYTimes.com WELL CONTROL Ultra-deepwater blowouts - how could one happen – Offshore…

All of the techniques now being used to plug the oil spill in the Deepwater Horizon disaster in Macondo Prospect were tried 31 years ago with Ixtoc I and they failed. It was only when relief wells came online 10 months after the disaster…

Hat tip Paul Kedrosky

Below are a few media reports from September 2009 discussing the BP Gulf of Mexico Tiber Oil Field find when it originally hit the newswires. This was the deepest oil and gas well in human history, going to a depth of 35,000 feet.…

The latest updates from the Deepwater Horizon oil spill and other links

In addition to the already worrisome environmental implications of the Deepwater Horizon oil spill, the economic implications are now starting to look serious. We may see the military take over at some point unless BP can plug these leaks.…

The top kill procedure did not work. So it's on to the next desperate measure. Meanwhile thousands of gallons continue to leak from this well. Also see: Documents Show Early Worries About Safety of Rig - NYTimes.com  BP's…

Must-read: The Crisis in Spain La Caixa cree que la fusión con Caixa Girona beneficia a Cataluña - ABC.es Spanische Regierung kündigt weitere Einsparungen an (Wirtschaft, Aktuell, NZZ Online)  Spain labor reform deadline…