Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Powerhouse ETFs: Energy, Consumer Staples And Utilities Outperform
Energy News Russia/Ukraine,Turkey,Mexico http://us2.campaign-archive2.com/?u=ed58b19f2b88e4a743b950765&id=46c686b5b9&e=41e04eb3d1 Can Mexico avoid the 'nationalist pull" of its past? "For foreign oil giants such as Chevron Corp. (CVX), Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA), it means they’ll get access to untapped oil reserves that Pemex says could total 113 billion barrels, including 26.6 billion in the deep waters of the Gulf of Mexico. At current prices, the reserves are worth $11 trillion. The government says foreign investment together with the revamping of Pemex’s aging infrastructure will drive up production to 4 million barrels a day by 2025 from 2.47 million at the end of March." http://www.bloomberg.com/news/2014-05-13/mexico-oil-opening-may-release-gusher-for-foreigners.html
Comments
Russia/Ukraine,Turkey,Mexico
http://us2.campaign-archive2.com/?u=ed58b19f2b88e4a743b950765&id=46c686b5b9&e=41e04eb3d1
Can Mexico avoid the 'nationalist pull" of its past?
"For foreign oil giants such as Chevron Corp. (CVX), Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA), it means they’ll get access to untapped oil reserves that Pemex says could total 113 billion barrels, including 26.6 billion in the deep waters of the Gulf of Mexico. At current prices, the reserves are worth $11 trillion. The government says foreign investment together with the revamping of Pemex’s aging infrastructure will drive up production to 4 million barrels a day by 2025 from 2.47 million at the end of March."
http://www.bloomberg.com/news/2014-05-13/mexico-oil-opening-may-release-gusher-for-foreigners.html
"The commercial side of solar has lagged in the past couple of years. The residential solar market grew 60% between 2012 and 2013, whereas the non-residential sector grew 4% in the same period."
http://blogs.marketwatch.com/energy-ticker/2014/05/13/obama-initiative-to-boost-commercial-solar/?mod=WSJBlog
More Keystone....
http://www.bloomberg.com/news/2014-05-13/transcanada-ceo-says-keystone-changing-u-s-canada-ties.html
Another "under study"!
U.S. Studies Lifting Ban on Crude Oil Exports
"According to the Energy Information Administration, total U.S. crude oil production was up 15% last year at 7.4 million barrels per day. Domestic output is forecasted to hit 8.5 million bbl/d in 2014. The Paris-based International Energy Agency believes the U.S. will rank as the world's largest oil producer by 2020."
http://www.foxbusiness.com/industries/2014/05/13/us-studies-lifting-ban-on-crude-oil-exports/