Decline rates. Seriously. There are not very many people outside the “Peak Oil” crowd who care — heck, even know — what “decline rates” are. Yet the “story that isn’t being told” is often where you find the best investment narratives. “At first,” our resident energy enthusiast kicks us off with just such a tale,…Read more…
ByBill Bonner | Delray Beach, Florida - | 02/10/12
We used to like traveling. Now, it’s a drag. “No, we don’t want to go through your new x-ray machine,” we told the TSA guard. “Whassa matter? It’s safe…” she replied. “How do you know that?” “The government said it was safe.” “Do you believe everything the government tells you?” “Heh…heh… Okay…” then, turning to…Read more…
The currency markets were pretty exciting yesterday with the dollar losing steam early on but slowly building some momentum on the upside throughout the day. This morning, the dollar has spiked higher as investors start to seek out the “haven” of U.S. Treasuries. The currency markets continue to be held hostage by the Greeks. As…Read more…