“Whoever controls oil, controls much more than oil.” John McCain Is the US losing its ability to control oil? Good morning, I’m Austerity Jones, and I am back with C Thomas Printer. The 150 year history of refining oil at the Philadelphia Energy Solutions refinery has come to an end as the refinery is being …
oil
This week on Looking Backwards: Japan stuck in the past, housing market downwards, Google: headwinds, and Paul (Nancy) Pelosi selling its stocks a month before antitrust lawsuit against the tech giant This week on Looking Forward: the US and China in trade wards – Chip vs. Solar, Fed rate decision today, oil’s silent price increase …
A perspective on what awaits us in the new year: Elon’s empire on the brink, oil price-supply&demand, geopolitics in China-Taiwan issue, other regional hostilities: Belarus-Ukraine, Kosovo-Serbia, and India-China, another potential hotspot: Ghana defaulting on its debt, and the big question mark: housing market. And finally, turbulences in the US: $545bn in interest in the $1.7tn …
The transition from the gold standard to the petrodollar. Thank you, US military. Good morning I’m Austerity Jones and I’m here with C Thomas Printer to discuss the transition of America from the gold standard to the petrodollar. C Thomas: Good morning Austerity. We have already looked at how most countries go off the gold …
News that caught our eyes this week were Russia claiming there has been another sabotage attempt to its gas pipelines, Ghana planning to buy oil with gold instead of US dollars, Norway postponing oil and gas licensing round, China’s covid zero protests, rail strike in the US, and yield curve inversion reaching an extreme. Russia …
This week we look at Elizabeth Holmes, Trump running in 2024, Bobs of Disney, Cap on Russian oil prices, how far Fed would go, and the World Cup. C Thomas: Happy Hump day! Welcome back to Looking Backwards Looking Forwards. https://www.bbc.com/news/business-58336998 Austerity: Let’s start with Elizabeth Holmes. She is convicted with 11 years of prison. …