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Trying to parse the different takes on the oil market from the IEA (representing the West) and OPEC (representing OPEC and the East) gives new meaning to reading between the lines. In its latest monthly outlook, the IEA sharply lowered its forecast for oil demand in the… Read More

The unemployment rate, at 3.7%, is just a couple of ticks above levels last seen about 70 years ago. Unemployment insurance claims are just slightly above recent lows, which were the lowest levels ever reported. And year-over-year GDP growth is about 30% above its 10-year average. The… Read More

In our last update, we noted Venezuela’s threat to annex a large part (roughly two-thirds) of Guyana. The territory contains rich offshore oil deposits. The chances that Venezuela will actually take military action seem low, and in fact, since that article was posted, the two countries have agreed to work… Read More

In the December TCI, we downgraded ­­­Franco-Nevada (NYSE: FNV) into the Medium-Risk category in Growth Portfolio after Panama reneged on a 20-year mining renewal deal with First Quantum and put the fate of the Cobre Panama mine in the hands of its supreme court. Cobre Panama is Franco-Nevada’s largest… Read More

Today’s global oil market is glaring evidence that economics as we once knew it has done a loop de loop. The most trusted sources of worldwide energy information are the IEA and OPEC, both of which publish monthly updates. The U.S.-based EIA is oriented more to the U.S. market. Read More