The Aussie dollar, for example, tacked on 4.5% against the greenback last week. The Aussie is now at a seven-month high against the USD. You could be tempted to say the “carry trade” is back on. That’s where investors borrow in Yen or U.S. dollars to buy higher yielding currencies like the Australian and New Zealand dollars. But we don’t think that’s the case. Why?
May 25th, 2009 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "pemex"
Pemex and Mexican Peak Oil Equal Expensive Oil
Pemex better start exploring for more oil in the Gulf of Mexico or its going to pump out all its reserves in less than ten years. Mexico’s government has not been investing enough in exploration or new production to top off Pemex’s reserves.
April 11th, 2008 | Dan Denning | 0 comments | Continued