Today we look at why energy is becoming a flash point in Europe and how natural gas is taking centre stage. First, though, we’d like to announce a changing of the guard in the leadership of the resources market.
February 6th, 2012 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "Resources"
The Energy Empire of the Sun
We take up the issue of national power and real energy in today’s Daily Reckoning. And we take it up because the fate of nations and the welfare of men and women are directly related to how much sunlight we all get. All power—from the stored solar energy in fossil fuels to the sunlight that makes food grow—comes from energy.
January 30th, 2012 | Dan Denning | 16 comments | Continued
Is China on the Prowl for Australia’s Natural Resources?
Australia has plenty of: resources. Of course you knew that already. But what you may not have known is that Australia’s government is devising plans on how to protect Australia’s natural resources from a hostile takeover. Presumably from countries like… China. And we’re not talking about share market action.
December 20th, 2011 | Dan Denning | 2 comments | Continued
Nero, Bonaparte and Hitler Walk Into an Economic Union
The latest news out of Europe is that British Prime Minister Churchill Cameron refused to surrender sovereignty to the rest of the EU. Those on the continent have tied themselves to the Euro like tree huggers saving the forest.
Why Invest in Energy Resources?
The Raw Materials of Civilisation…
Before we get stuck into the glaring omission in the government’s assessment of Australia’s energy resources – energy could be the single-best investment sector of 2012 – a reminder: today is Wednesday. You know what that means!
December 14th, 2011 | Dan Denning | 4 comments | Continued
Energy, Resources and Real Asset Investing
Basic economics of scarcity, supply and demand, and investment demand won’t be less important in supporting commodities. But in a world of collapsing financial asset values, tangible assets are about to become the hotly contested objects of a great global strategic game.
December 9th, 2011 | Dan Denning | 1 comment | Continued
The Mineral Resources Rent Tax Siphon
Green and Gold Greed…
The last thing Australia needs right now is to worry that China’s manufacturing economy is sputtering. After all, that Chinese engine of growth consumes huge amounts of Australian resources, like coal and iron ore. The government is keen to siphon off revenue from mineral and energy exports in order to do what it does: take from one party in order to give to another, while sounding self-righteous and looking important.
November 2nd, 2011 | Dan Denning | 5 comments | Continued
European Failout
It doesn’t mean you can’t get a rally from here. But worries about debt default in Europe just won’t go away. Credit default swaps on sovereign Greek debt blew out to all time highs in European trading overnight. That means the cost of insuring Greek government debt from default has never been higher.
June 25th, 2010 | Dan Denning | 5 comments | Continued
All Quiet on the Fronts
One thing to keep your eye on is the G-20 finance ministers in Busan, South Korea this weekend. They will get together and agree to do nothing urgent. The one thing they will definitely NOT be doing is raising interest rates. They are too creeped out about a sovereign debt crisis in Europe leading to another liquidity crisis, according to Bloomberg.
June 4th, 2010 | Dan Denning | 11 comments | Continued
To Trade the Resources Rent Tax or Not?
Let’s leave off with the underlying economic debate about the resource rent tax and talk about the market. It’s getting shellacked. Our colleagues Kris Sayce and Alex Cowie are finding many of the positions they’ve recommend in their publications since the March lows are declining and hitting suggested trailing stop levels.
May 5th, 2010 | Dan Denning | 5 comments | Continued
An African Divergence
It is not every day that you can stick your finger in the eye of your largest trading partner, undermine your country’s reputation as a stable place to do business, and demonstrate your fundamental ignorance of why entrepreneurs take risks…but in his high-handed small-minded way, Kevin Rudd managed to do all of that yesterday.
May 4th, 2010 | Dan Denning | 23 comments | Continued
Rent Seeking in Canberra
The plunder begins on Sunday when the Rudd government finally unveils the Henry Review of Taxation, which, by all accounts, is likely to include a new federal resource “rent” tax to go alongside the royalties miners must already pay the States. The government could not have chosen a more apt word than rent. The government is the ultimate rent seeker.
April 30th, 2010 | Dan Denning | 71 comments | Continued
Commodities In Your Portfolio
“Portfolios that add commodities after the Federal Reserve tightens the discount rate, perform better than portfolios that don’t,” observes Journal writer, Carolyn Cui.
April 27th, 2010 | Eric J. Fry | 0 comments | Continued
The World Hums
And once again the world is humming. World steel production hit a new all-time record in March, according to the World Steel Organisation. Global steel mills cranked out 120.3 million tonnes of steel, an increase of 30.6% from the same time last year.
April 27th, 2010 | Dan Denning | 2 comments | Continued
An Uptrend in Commodities?
If the Renminbi were allowed to appreciate, then China would be able to afford more imports. For the things that China imports a lot of such as iron ore, copper and platinum, prices in these commodities should rise.
April 21st, 2010 | Dr. Alex Cowie | 2 comments | Continued
