Daily Digest

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Daily Digest 12/25 - Tips For Holiday Charity Giving, The Bright Side Of Low Oil Prices

Thursday, December 25, 2014, 11:50 AM

Economy

Tips For Giving This Holiday Season (jdargis)

Share your intentions and make a commitment: It is impossible for a charity to be successful without committed supports. So, once you have found a high-performing charity that matches your passion, make a commitment to it with the understanding that you are a partner in the charity's efforts to bring about real change. And don't hesitate to tell the charity of your giving plans so that the organization knows it can rely on you and it doesn't have to waste resources by sending you too many solicitations.

Restored Forests Breathe Life Into Efforts Against Climate Change (jdargis)

Over time, humans have cut down or damaged at least three-quarters of the world’s forests, and that destruction has accounted for much of the excess carbon that is warming the planet.

Natural Gas Glut Isn’t Deterring Southwestern Energy (jdargis)

After so much hype and billions of dollars in investment, the nation is deluged with gas and not enough pipelines to carry the bounty to consumers. One energy company after another, year after year, has written off or slimmed down its investments here and in Texas and Louisiana.

But not Southwestern Energy, a Houston-based company that has risen from being the nation’s 40th to become the fourth-largest producer of natural gas. Southwestern’s discovery of the Fayetteville shale field a decade ago, and its quiet leasing of the heart of the field at bargain prices, made the company a power. Since 2007, Southwestern’s Fayetteville production has risen 800 percent and its reserves are up 570 percent. It still drills more than 30 new wells every month here.

Gold Price 2015: Forecasts And Predictions (Taki T.)

Jeffrey Nichols, Senior Economic Advisor to Rosland Capital, says that 2015 promises to be a good year for gold investors. While the near-term price outlook remains uncertain, he feels fairly confident that gold will be considerably higher at this time next year – and on its way to new historic highs in the years ahead. He sees the following drivers. U.S. economic performance and monetary policy is key – but under almost any economic scenario, he sees gold appreciating. Wall Street’s booming stock and bond markets have been tough competitors to gold but he expects a dose of realism and a substantial correction on Wall Street will reverse the flow of investment and speculative funds away from stocks and bonds back into gold. He also points to the insatiable appetite for gold in China, India, and other East Asian markets. Last but not least, a growing number of central banks will continue buying gold.

Korea calls on China for help following hack attempt on nuclear power company (jdargis)

A number of sources confirm that South Korea has asked for China's assistance in the matter and quote an unnamed official as saying the country isn't pointing the finger at its neighbor: "There is a possibility that the IP addresses in China are not the final source but used in a routing." But suspicion isn't directed at China itself; rather, it's suspected that North Korean agents were using the Chinese city for their activities.

Oil’s Swift Fall Raises Fortunes of U.S. Abroad (jdargis)

After a precipitous drop, to less than $60 a barrel from around $115 a barrel in June, oil prices settled at a low level this week. Their fall, even if partly reversed, was so sharp and so quick as to unsettle plans and assumptions in many governments. That includes Mr. Putin’s apparent hope that Russia could weather Western sanctions over its intervention in Ukraine without serious economic harm, and Venezuela’s aspirations for continuing the free-spending policies of former President Hugo Chávez.

The Positive Side Of Low Oil Prices (Evan K.)

In a year of plummeting oil prices and the dismay it brings to producers and traders, two senior economists at the International Monetary Fund (IMF) haven’t taken their eyes off the bright side, something that every oil customer already knows: Cheap oil can be very, very good. In fact, they wrote in a blog on Dec. 22 that the low price of oil could increase global gross domestic product (GDP) in 2015 by between 0.3 and 0.7 percent above the Fund’s baseline world growth forecast of 3.8 percent, made in October. The assessment was made by two of the IMF’s highest-ranking officials, Olivier Blanchard, its chief economist, and Rabah Arezki, the head of the Fund’s commodities team.

The largest vessel the world has ever seen (westcoastjan)

In terms of sheer volume, Prelude is mind-boggling too: if you took six of the world's largest aircraft carriers, and measured the total amount of water they displaced, that would just about be the same as with this one gigantic vessel.

Under construction for the energy giant Shell, the dimensions of the platform are striking in their own right - but also as evidence of the sheer determination of the oil and gas industry to open up new sources of fuel.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/24/14

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

2 Comments

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
natural gas

NY Times must have started work on that puff piece months ago...nat gas prices are down to $3.03 mmBTU from $4.65 a month & a half back...

http://www.nasdaq.com/markets/natural-gas.aspx

 

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
Bye Bye US dollar hegemony

First, the ZH article, "China To Launch Yuan Swap Trading With Russian Rubles On Monday"

http://www.zerohedge.com/news/2014-12-26/china-launch-yuan-swap-trading-russian-rubles-monday

The world was slow to wake up to the new reality in which China is now the de facto IMF sovereign backstop, as Zero Hedge described two weeks ago in "China Prepares To Bailout Russia" when we noted that a PBOC swap-line was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze, something we first noted over two months ago in "China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin."

In fact, it was only this week that Bloomberg reported that "China Offers Russia Help With Currency Swap Suggestion." But in order to fully backstop Russia away from a SWIFT-world in which the dollar reigns supreme, one extra step was necessary: the launching of direct FX trade involving the Russian and Chinese currencies, either spot or forward - a move away from purely theoretical bilateral FX trade agreements - which would not only enable and make direct currency trading more efficient by sidestepping the dollar entirely, but also allow Russian companies to budget in Chinese Yuan terms. It is no surprise then that this is precisely the missing step that was announced overnight, and will be implemented starting Monday.

-Followed by a most-excellent eulogy, "Bye Bye US dollar hegemony", by one of the ZH commentors:

"Thats a great idea for a song title.

A long long time ago
I can still remember how
The greenback used to make me smile
And no matter how hard it seemed
i knew i could reach the americam dream
And i would be happy for a while

But the tv made me shiver
With every headline they'd deliver
Bad news on the doorstep
I couldn't take one more step

I can't remember if I cried
When I read about his wookie bride
Reggie touched me deep inside
The day the dollar died
So

[Chorus]
Bye, bye dollar hedgenomy
Drove my prius to the pawn shop but they wouldnt buy
And them good ole boys were sending stocks high
Singin' this'll be the day that I buy
This'll be the day that I buy

(There's much more to the song, but some of the language didn't meet site specs :)

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