November 26th, 2013
The big news over the weekend was the apparent “breakthrough” with Iran.
I say “apparent” because we don’t know much about the substance of the deal. The reason is because the substance doesn’t exist yet.
The real devil, I suspect, is coming in the details.
Nonetheless, this apparent step forward is creating its fair share of investor angst right now about oil prices – even though the initial conclusions have been largely baseless.
In fact, the news of the breakthrough has already revised my scheduled meetings in Moscow. And even the Nigerians, with whom I met last week, are now concerned and would like another session.
Across the globe, the concern among the major crude producers I am talking to is all the same: If this really constitutes a major initiative, what will it do to the price of oil?
Meanwhile, investors have worries of their own – specifically how it will affect their investments.
Here’s the answer to both questions…
November 21st, 2013
If this is Thursday, it must be…Brazil.
I returned home late last night from Baltimore where we were putting the final touches on a huge new precedent-setting energy investment play we’ll be releasing very shortly.
But Marina and I are now into a very hectic travel schedule.
As you read this, we are on the first flight leg down to Rio de Janeiro. We are returning on Thanksgiving, only to turn around the next day and be off to Moscow. (Otherwise we would have had to pack for two very different climates!)
There are more trips in December. And I am not even thinking about what’s happening in January and February yet.
The reason behind this travel frenzy is the rapidly changing global energy balance. It’s one that will require a revision in our overall energy outlook.
All of which, will allow us to bring you a series of profitable new investment moves.
However, back to Brazil and the reason behind my meetings this weekend…