How LNG Exports Almost Made Australia Bankrupt (Is the U.S. Next?)

by | published October 18th, 2014

The world’s leading liquefied national gas (LNG) exporter is the tiny Arab kingdom of Qatar, whose 77 million tons per year (mtpy) account for 30% of global LNG exports.

When the U.S. begins exporting massive quantities of LNG in 2015, it will immediately be catapulted into a position as one of the world’s largest exporters as well.

But the U.S. won’t be No. 2. In fact, the current second largest LNG exporter is poised to take over the No. 1 spot this decade.

It happens to be a country on the other side of the world from the Middle East. And it’s about to leave Qatar (and the U.S.) in the dust.

Unless its domestic customers go bankrupt first…

Why OPEC Has Declared an Oil War on Russia

by | published October 17th, 2014

As I discussed recently (A Calculated Saudi Move Aimed at America), Saudi Arabia has grabbed the headlines by cutting oil prices, not production.

It seems the Saudis are more interested in grabbing market share than in attending to the present state of the market.

That move seems calculated to undercut the effect the U.S. has on global oil markets, even though that effect is indirect.

But make no mistake. Russia is the country that will suffer the most as oil prices drop.

Thanks to the Saudis, this could get ugly very quickly for Putin…