Seeking out major trends and power shifts in the global economy is a part of my work that I enjoy most.
With nuclear power bouncing back worldwide, and the number of global uranium mines declining, the signs are building that uranium prices are poised to head higher.
Make no mistake about why the U.S. dollar is rising; the long-term health of the world reserve currency is still as precarious as it ever was despite the recent pick-me-ups it’s received in foreign exchange markets.
During the height of the Deepwater Horizon tragedy four years ago, I had my graduate students monitor the flow of oil from the sunken platform in the Gulf of Mexico.
Most of their work involved rather straightforward calculations based on undersea camera footage.
But from time to time, flimsy protoplasmic-like structures would float across the screen. The students called them “ghosts.”
One student even casually wondered, “What if the ghosts had caused all of this?”
With that, I walked over, checked some figures, and immediately called the U.S. Coast Guard contingent that was overseeing the data from the disaster.
Fast forward to today, and there have been some equally disquieting discoveries in the news of late.
So what do mysterious holes in the Siberian permafrost, hundreds of gas plumes off the East Coast of the United States, and our “ghosts” apparently have in common?
It seems to be icy methane hydrates, touted by some as the fuel of the future… Full Story
It’s maddening. Our economy is stagnating. The divide between haves and have-nots is widening every day. There are fewer and fewer good jobs and careers to be had. What the heck happened?
The U.S. Federal Reserve System is killing America. It has destroyed the economy. It has undermined savers and retirees. It is even responsible for the corruption in Congress.
As everyone remains focused on the price of crude, the wider energy market is headed for a serious shortfall.
On September 4, the European Central Bank lowered the interest rate on its main refinancing operations by 10 basis points to 0.05%. In addition, the interest rate on its marginal lending facility was reduced by 10 basis points to 0.30% and the interest rate on its deposit facility was reduced by 10 basis points as well to -0.20%.