ECONOMIC EXPANSION

WORLDWATCH VORACIOUS APPETITE FOR COMMODITY NEWS

 

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    bullion

    Are you looking for pure bullion, be it either gold , silver any other precious metals also coins you can only purchase it at Monex Deposit Company (MDC). They have been America’s gold, silver and precious metals investment leader for more than 30 years.
    We all know that this kind of treasure is really a great investment for your financial stability in the future and this is the best time for you to buy it because it's really getting in demand worldwide now.
    The quicker you purchase the less the price is and besides the stockpiles of silver bullion are low, shrinking rapidly and approaching zero so you might want to get it now than later.

    written by ABSTRACTMIND @ 4:06 pm, ,

    OPEC Matters

    The Saudis go out of their way to have this specific meeting outside the OPEC frameworks, and if you're the OPEC president, you want to be important, so you come out of it and say $150 to $170,'' said Roger Readd, an analyst at Natixis Bleichroeder in Houston. ``He's trying to prove he matters and OPEC matters and the Saudis don't make all the decisions.''
    The dollar is also lower on a forecast that the ECB will boost interest rates. The currency's drop against the euro made commodities cheaper for buyers outside the U.S. The dollar was at $1.5756 per euro as of 4:38 p.m., from $1.5666 yesterday.
    Now the worry is that the European Central Bank may raise rates, which would be the same as another Fed cut,'' said Peter Beutel, president of energy consultant Cameron Hanover Inc. in New Canaan, Connecticut.
    The Federal Reserve yesterday left its benchmark interest rate at 2 percent and said uncertainty about the inflation outlook remains high'' as energy and commodity prices continue to rise. Leaving the interest rate unchanged ended the most aggressive series of rate cuts in two decades.

    written by ABSTRACTMIND @ 3:56 pm, ,

    NOPEC

    President George W. Bussh has said he'd veto a so-called NOPEC bill passed in May by the House of Representatives, because it may limit the availability of gasoline and further increase fuel prices.
    An oil price of $150 a barrel may be ``around the corner,'' Ghanem said in a Bloomberg Television interview.
    A decision by the European Central Bank to increase interest rates in July may cause the dollar to decline and prompt investors to buy more oil, Khelil, who is also the Algerian oil minister, told the Paris-based television channel. Prices would ease toward the end of the year, he said.
    Threats against Iran would also support prices during the summer, he said. A political crisis that would stop Iran's oil productioon would push prices over $200 a barrel, to possibly $400 a barrel, he said.
    Saudi Arabia pledged it will pump an extra 200,000 barrells a day next month to calm the oil market at a June 22 meeting. The kingdom hosted the summit of 35 producing and consuming countries in the Red Sea port of Jeddah.

    written by ABSTRACTMIND @ 3:46 pm, ,

    Medical software for the PDA

    If you are looking for a firm that makes medical software for medical professionals and is used with more than 500,000 medical doctors then its Epocrates,they announced the availability of its medication reference database for the Apple iPhone. T
    he program lets doctors have quick access to medication information including photos of the pills, side effects, and more. In the hospital, when I use my iPhone, I hear this all the time.
    The two biggest reasons doctors give for not using the iPhone?
    1) They don't want to change their carrier to AT&T and
    2) The iPhone can't run medical software for the PDA or other third party software.Most physicians have used Epocrates, which is a popular drug reference database accessible through PDAs and the internet. Back when I owned a Treo 650, I used Epocrates all the time.
    When I switched to the iPhone, I missed having immediate access to the Epocrates database -- though the inconvenience of having to access Epocrates through the internet was minor.This month, the biggest complaint about the iPhone -- that it can't run third party software -- has been answered with the release of the iPhone SDK (software development kit). And to the surprise of many physicians, Epocrates was one of the first products to be showcased.
    “This announcement was paid for by Epocrates.”

    written by ABSTRACTMIND @ 3:31 pm, ,

    Would Collapse If Oil Hit $200

    The global economy would collapse if oil hit $200 a barrel, said the top energy analyst at WorldWatch Portugal..
    Two-hundred dollar oil would break the back of the global economy, next step after $200 would be global recession and bad news for everybody.
    Some speculators like r Goldman Sachs Group Inc. forecast oil would rise to between $150 and $200 within two years as supply growth, especially from producers outside the Organization of Petroleum Exporting Countries, fails to keep pace with demand.
    Oil doubled in the past year, touching a record $139.89 a barrel on June 16. Crude oil for August delivery was at $136.84 a barrel, down 16 cents, at 7:08 p.m. Tokyo time in after-hours trading on the New York Mercantile Exchange.
    Russia, a non-OPEC producer and the world's biggest oil exporter after Saudi Arabia, faces its first annual decline in production in a decade. Prime Minister
    Vladimir Putin pledged to reduce taxation on the industry to stimulate investment in aging fields and new regions. Output fell 0.9 percent to 9.76 million barrels a day in the first five months of the year.
    Growth last quarter fell on a year-on-year basis, and this has to do with the policies implemented over the prior year to raise taxes on oil industries, this made it difficult for foreign capital to come in.

    written by ABSTRACTMIND @ 2:41 pm, ,

    Libya Warns of Production Cut


    Crude oil jumped more than $4 a barrel as the dollar weakened,and as SPECULATION now by a OPEC member Libya...as it threatened to cut production and OPEC's president said prices may reach $170 by the summer. This is now PURE SPECULATION by OPEC!!!!

    This comment will no doubt help crude producers and speculators increase their profits....
    Libya may curb output because of U.S. efforts to intimidate OPEC, the head of the national oil company said. The group's president, Chakib Khelil, said crude may surge on a European interest rate increase, France 24 reported. Oil, gold and copper climbed today as the dollar dropped because the Federal Reserve gave no signal of higher interest rates yesterday.

    OPEC's president said prices might be going to $170 at the same time Libya said it may cut output, which touched off buying in a market that was already moving higher on the weak dollar, this attitude will have a negative inpact on the already souring Middle East inflation...as demand will be less and alternative energy sources continue to be developed..

    Crude oil for August delivery rose $4.09, or 3 percent, to $138.64 a barrel at 11:02 a.m. on the New York Mercantile Exchange, after rising as much as $4.40 a barrel. Prices reached a record $139.89 on June 16.
    The dollar is also lower on a forecast that the European Central Bank will boost interest rates. The currency's drop against the euro made commodities cheaper for buyers outside the U.S. The dollar was at $1.5737 per euro as of 10:42 a.m.

    There's no reason for prices to rise $4 in 10 minutes, things are very unsettled and now the worry is that the European Central Bank may raise rates, which would be the same as another Fed cut.

    Threats against Iran would also support prices during the summer. A political crisis that would stop Iran's oil production would push prices over $200 a barrel, to possibly $400 a barrel!!!!!
    Saudi Arabia pledged it will pump an extra 200,000 barrels a day next month to calm the oil market at a June 22 meeting. The kingdom hosted the summit of 35 producing and consuming countries in the Red Sea port of Jeddah.

    The Saudis go out of their way to have this specific meeting outside the OPEC frameworks, and if you're the OPEC president, you want to be important, so you come out of it and say $150 to $170,..

    He's trying to prove he matters and OPEC matters and the Saudis don't make all the decisions.
    Libya's National Oil Corp. Chairman Shokri Ghanem declined to say when a decision would be made on whether to lower Libyan production or give any indication of the size of the cut under consideration. Libya ranks third in terms of oil production in Africa, behind Angola and Nigeria.

    He said the reductions may also be made because of threats of sanctions against Iran and U.S. legislation allowing lawsuits against the Organization of Petroleum Exporting Countries.
    President George W. Bush has said he'd veto a so-called NOPEC bill passed in May by the House of Representatives, because it may limit the availability of gasoline and further increase fuel prices.
    Brent crude oil for August settlement rose $3.43, or 2.1 percent, to $137.17 a barrel on London's ICE Futures Europe exchange. Prices climbed to a record $139.32 on June 16.
    OPEC members should calmdown and stop using excusses to inflate crude prices .... remember that George W. Bush will soon be out and its possible a Hussein Obama will rule...

    written by ABSTRACTMIND @ 2:18 pm, ,

    Network Solutions Websites

    A couple weeks back I was almost giving up trying to create my own website, however now its quite simple because Network Solutions is here to help you. Put yourself at ease when it comes to web site designing. At Network Solutions, you can choose between two great ways to create a Web site: use their do it yourself web site design packages or you can work one-on-one with a professional Web site designer to create a Web site using our Do It For Me web site designer. Just to let you know that their Do It For Me Web design service also includes professional copywriting and set-up. If you’re the kind of person who wants to learn one on one session in improving your web site then you’ll definitely need Professional Web Design Services. You can save time and money with their talented Web designers building your web site. It’s really worth getting someone’s help especially if you’re not a computer kind of person. The best part of having professional’s help is that you get one-on-one attention which will help you broadened your understanding on how web designing works. So if you’re in need in web site designing, check out networksolutions.com. They have well experienced design teams that have created thousands of web sites. Visit their website , you won’t be disappointed with their services.

    written by ABSTRACTMIND @ 12:59 pm, ,

    INDIA

    Indian drivers will pay 9 percent more for diesel and families will be charged an additional 17 percent for a cylinder of cooking gas...

    In Malaysia, the price of 97 Ron grade gasoline will now be adjusted monthly to track global prices. The decision may spur inflation that quickened to a 14- month high of 3 percent in April, adding pressure on the central bank to start raising borrowing costs....
    The state-controlled power producer Tenega Vasional Bhd, will be allowed to raise electricity prices in peninsular Malaysia starting July as it will have to pay higher prices for gas, Abdullah told reporters in Putrajaya, outside Kuala Lumpur.

    Oil prices reached a record $135.09 a barrel in New York on May 22, driven partly by speculation fuel subsidies in Asia will spur demand. Fuel and food accounts for about 75 percent of household spending for poor families in Asia, according to the Asian Development Bank.

    India also cut customs duties on gasoline and diesel by two thirds to 2.5 percent and scrapped a 5 percent import tax on crude oil. The measures are aimed at reducing revenue losses at state-run refiners that have reached more than $1 billion a week.

    Today's price rises and duty cuts will pare losses for refiners led by Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. by about 420 billion rupees...
    The government previously increased fuel prices in February, the first time since June 2006. Cooking gas prices had been capped since April 2005.

    written by ABSTRACTMIND @ 12:20 pm, ,

    Luminox watches

    As we get older our sight also becomes somewhat less, so I find that it is a bit more difficult to see things in low light than it used to be. Sometimes it is hard look at my watch and see what time it is, so I investigate on the net and found Luminox watches.
    This company makes high quality watches with an exclusive illumination system, which they call Luminox Light Technology.
    As of this month, LA Police Gear is an authorized dealer of Luminox watches. Their web site now features dozens of styles of these classy time pieces at very competitive prices!
    TAKE A LOOK FOR YOURSELF

    written by ABSTRACTMIND @ 2:45 pm, ,

    O P E C

    WorldWatch reports have stated that the World crude price is as OPEC members stated so often " PURE SPECULATION",,,, Any world happening anywhere in the globe is a excuss to inflate crude prices, not even the news of the Brazilian crude fields had a positive inpact on crude.... Traders, some producers, oil companies, governments,Banks,news agencies all speculate in order to keep their profits record high... This negative attitude is now having a effect on all world economies were we see riots all across the globe from Europe to Asia to the Middle East... Crude demand will also continue on a downward scale, the month of June we will have another decrease in demand around 3%, this will shortly have a negative inpact on the economy of most OPEC members... In China and India oil prices have increased and we have confirmation from the world energy agency that other Asia countries will soon do the same, in some cases the subsidies will be stopped... The only solution for all nations involved lies with the attitude OPEC members including Iran and Venezuela may take!!! All crude producers including OPEC ( or only OPEC) should stipulate a maximum ceiling for crude prices ... (eg. $100 per barril) this way SPECULATION would stop...crude demand and world economy could recover as much as 2% in the first month !!! If OPEC takes no action then they can expect further decrease in world demand as other nations develop alternative fuels ...Hibrid cars such as Toyota have now a waiting list of over two months... just in the US ...

    written by ABSTRACTMIND @ 4:15 pm, ,

    Advantage Car Rentals

    Normally when I go on our summer holiday we always hire a car to do our travelling…In most cases public transport is very limited in some cities but in most cases it simply doesn't compete with the freedom of being able to drive where you want, when you want.
    The only solution is to rent a car and that is easier than it sounds. Advantage have car rental facilities around the world, but are especially worth checking out if you are visiting the US.
    You decide what car you want, select from among the many locations you can collect the car from, and then choose where exactly you want to drop it off again. With very competitive prices and some very special special offers, such as their present $34.99 a day deal on a Suzuki XL7 SUV, they are pretty hard to beat. If you are planning a trip soon visit them…

    written by ABSTRACTMIND @ 3:11 pm, ,

    Crude oil fell from a record...

    According to reports received Saudi Arabia will produce 9.7 million barrels of oil a day next month, an increase of 200,000 barrels from June's level, King Abdullah told United Nations Secretary-General Ban Ki-Moon , according to a UN spokesman. Prices earlier climbed to a record $139.89 after a fire cut North Sea output and the dollar declined against the euro, bolstering the appeal of commodities.

    The possible Saudi production increase and the North Sea fire don't warrant a price swing of more than $5, we weren't able to get to $140, then fell to little changed, and suddenly without a warning prices were more than $1 lower. This market is being whipped around.

    Crude oil for July delivery fell 25 cents to settle at $134.61 a barrel at 2:49 p.m. on the New York Mercantile Exchange. Prices are up 98 percent from a year ago.

    Saudi Arabia has called a meeting for June 22 in Jeddah to help stabilize prices. Crude-oil prices fell 2.7 percent in New York last week as Saudi Oil Minister Ali al-Naimi described the surge in the commodity as ``unjustified'' and called the Jeddah meeting of producers, major industrial nations and banks.

    The expectations for the meeting are too high, the Saudi increases that are being talked about aren't that large. Given that global oil demand is about 86 million barrels a day it will take a big chunk to make a difference.

    written by ABSTRACTMIND @ 2:49 pm, ,

    The countries in Asia...

    Asian nations are grappling with record crude prices that have raised the cost of subsidies and caused losses for refineries. Indonesia and Sri Lanka have passed on higher oil costs, undermining efforts to boost economic growth.

    The countries in Asia, which are dependent on imports, will have to live with the specter of accelerating inflation and slowing economic growth this year, the situation may reverse only if there is a sharp decline in global crude oil prices.

    Malaysian Prime Minister and his Indian counterpart are risking a political backlash after losing ground in elections in the past year. Singh's parliamentary majority hinges on support from communist parties who pledged to rally the nation's 600 million poor in nationwide protests from tomorrow.

    written by ABSTRACTMIND @ 12:42 pm, ,


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