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Posts Tagged ‘Straight of Hormuz’

Oil Should Spike Higher Following Saudi Riots and Nigerian Elections in April

March 11, 2011 Comments off

businessinsider.com

The following special report on oil (LA Blog Only, leverageacademy.com/blog) discusses the oil market, providing reasons to be bullish  on the commodity given unrest in the Middle East, Nigerian elections in April, and rising domestic consumption in oil producing countries, including Venezuela, Nigeria, and Iran.  According to the article, the rise of oil prices could easily cause the next recession.   In 2010, soft commodities outperformed energy, but that will certainly change given the political headwinds abroad and continued monetary easing in the developed world.  Therefore, the Bernanke “Put,” combined with political unrest will be to blame for continued sharp price increases in the energy commodity sector.

Emerging market demand, especially in China, which now consumes nearly 10mm barrels of oil per day, will also be driving the demand side of the equation.  Money supply in China was also up 19.7% in 2010, because of the rapid Read more…

FROM THE DESK OF PASTOR JOHN HAGEE

February 24, 2011 1 comment

For the past few days the world has been watching the Middle East implode! The streets of the nation of Egypt have been packed with riots and bloodshed. The Administration of Mubarak is apparently coming to an end. From my sources of information, I believe the Muslim Brotherhood is now in the driver’s seat to determine the future of Egypt .

The American media, with the exception of FOX News, is presenting the Muslim Brotherhood as moderate and lovers of democracy. This is utter nonsense. This is the hysterical jabber of our State Department that once again has fumbled the ball in the Middle East .

Making a long story short; if the Egyptian drama works out like the Fall of the Shah in Iran in 1979 (and I think it will) there will be a person approved of the Muslim Brotherhood to become Egypt’s new leader. He will appear initially as a moderate and within a few weeks embrace Sharia which is the Islamic law that now governs Iran .

Israel will be surrounded by Read more…