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Posts Tagged ‘Gas’

Blast hits Egypt-Israel pipeline

February 6, 2012 Comments off

upstreamonline.com

An explosion hit a gas pipeline running from Egypt to Israel on Sunday, the latest in a series of attacks on the installation that crosses the increasingly volatile Sinai region, witnesses and state media reported.

Scorcher: Flames shoot into the air after the latest attack on the Egypt-Israel gas pipeline on 5 February.Image courtesy of AP/SCANPIX

The pipeline, which also supplies gas to Jordan, has come under attack at least 12 times since Egyptian President Hosni Mubarak was toppled in February 2011, Reuters reported.

The latest blast took place in the Massaeed area west of the Mediterranean coastal town of al-Arish, in north Sinai. Gas pumping was Read more…

Categories: Egypt, Israel Tags: , , , ,

QE2 Is Damaging The Economy And Reducing GDP Growth

April 27, 2011 1 comment

businessinsider

QE2 is going to go down as one of the worst monetary policy initiatives in the history of the modern Federal Reserve era. On almost any metric applied, QE2 ends up not only falling well short of its proposed goals, but actually turns certain metrics like GDP growth negative compared with the prior quarter, and heading in the wrong direction.

Costs Eat into Corporate Profits = No Hiring

Analysts all over Wall Street are starting to revise their 2nd quarter GDP forecasts down, and some like Goldman Sachs have made several downward revisions as higher input costs due to a weak dollar are creating an additional burden on businesses and consumers and thus slowing economic growth.

A weak dollar (Fig. 1) to a point can help exports, but an extremely weak dollar which in combination with QE2 liquidity juicing up commodities even further, turns out to be a net negative on the economy, and risks sending the Read more…