Archives for October, 2014

Demise of the Petrodollar

Vladimir Putin is stripping America of its superpower status. But he’s not using bombs or tanks to do it. He plans to destroy the one thing that underpins demand for the dollar and Americans’ way of life: the petrodollar system. This was the secret pact Kissinger struck in the vast oil rich deserts of Saudi […]

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Putin vs Obama: Who’s Dominating the Colder War?

  Putin is attacking the true source of American power—the petrodollar—and he’s got China, Brazil, India, and South Africa in his corner. They’re aligning themselves to fight the EU, America, and the IMF. And as each month passes, Putin is using Russia’s position at the center of the world’s energy matrix to forge new alliances […]

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Outside the Box: The Colder War

  The story of energy is the story of human expansion. From the days when we roamed the African savanna, we tamed first fire and then other forms of energy, using them as tools to control our environment and improve our lives. The control of energy has always been at the heart of the human […]

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Why Putin Has Been Able to Outwit America and Take Over the Global Energy Trade

  Vladimir Putin commands the utmost loyalty from those around him, whereas American politics is now characterized solely by infighting and self-destructiveness. It’s this unity of purpose that explains how Putin and his St. Petersburg boys managed to rise to power from humble beginnings and why they’re winning the fight to control global energy trade. […]

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CEO Went Against the Petrodollar and Dies a Mysterious Death. Who Holds a Monopoly on the Truth?

  Last month in these pages, I wrote: Patrick de la Chevardière, CFO of Total SA (which is France’s largest energy company), has publicly announced that Total is looking to finance its share in the $27-billion Yamal LNG project using euros, yuan, Russian rubles, and any other currency but US dollars. “The effect of US […]

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Things That Make You Go Hmmm: This Little Piggy Bent The Market

  About 18 months ago, I had a very pleasant chat with a gentleman by the name of Luzi Stamm. You may detect some measure of surprise in my words, and the reason for that is quite simple: Luzi Stamm is a politician; and, as regular readers will know, I am no fan of that […]

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Total War over the Petrodollar

  The conspiracy theories surrounding the death of Total SA’s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO of Total, France’s largest oil company. He’d just attended a private […]

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Thoughts from the Frontline: A Scary Story for Emerging Markets

  The consequences of the coming bull market in the US dollar, which I’ve been predicting for a number of years, go far beyond suppression of commodity prices (which in general is a good thing for consumers – but could at some point threaten the US shale-oil boom). The all-too-predictable effects of a rising dollar […]

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Total War over the Petrodollar

The conspiracy theories surrounding the death of Total SA’s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO of Total, France’s largest oil company. He’d just attended a private meeting […]

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Blood in the Streets to Create the Opportunity of the Decade

Gold stocks staged spring and summer rallies this year, but haven’t able to sustain the momentum. Many have sold off sharply in recent weeks, along with gold. That makes this a good time to examine the book value of gold equities; are they objectively cheap now, or not? By way of reminder, a price-to-book-value ratio […]

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