October 2023
A legitimate reason gold could soar to $20,000 an ounce in the next few years (from Junior Mining Investor via X on October 23)…
Click here to watch the short video.
Don’t expect shale oil to save us from higher energy prices this time (from The Wall Street Journal on September 28)…
U.S. oil prices soared Wednesday to their highest level in more than a year. Most frackers plan to stay on the sidelines. Surging global demand coupled with output cuts by Saudi Arabia and Russia have sent crude prices to levels not seen since last August. The increase is hitting consumers at the pump, vexing policy
Saudi Arabia is looking to buy more liquid natural gas (LNG) (from Bloomberg on October 2)…
Saudi Aramco is looking for more acquisitions in LNG following a first-ever deal in the industry last month, as it sees growing demand for the fuel. Aramco last week announced its entry into the market with the purchase of a stake in a company that’s acquiring interests in four Australian LNG projects. It will evaluate
OPEC warns that the oil industry needs $14 trillion of investment by 2045 to avoid “energy chaos” (from OilPrice.com on October 9)…
The world needs $14 trillion in cumulative investments in the oil sector by 2045 to ensure market stability and avoid energy and economic chaos, OPEC said in its annual World Oil Outlook on Monday. The annual investments need to be around $610 billion on average, the bulk of which should go to the upstream segment,