Global Markets

Live World Indices are powered by Investing.com

Saturday, 23 April 2016

Education of Women Key To Advancing Human Condition



Why Organized Religion Fears Educated Women

Educating women improves the welfare of families as they become empowered to contribute to the financial success of their household—which in turn creates more opportunities and resources available for their children.  
For thousands of years women have been defined only in correlation to their relationship to men. They have been kept hidden, prohibited from speaking, forced into submission and treated as the “unclean” gender whose existence is that of mental and physical servitude to her human counterpart. Why has so much emphasis been placed upon the mind and actions of women? What does organized religion fear about the mind of an educated and logically-thinking woman?
Here are 5 reasons why organized religion fears educated women:

The Loss of Patriarchal Control

Image result for big brotherIt is a widely-known fact that the more educated and financially stable a woman becomes, the more likely she is to practice family-planning and have her children at a later age. Educated women are also more likely to have fewer children than their uneducated and impoverished female counterparts.
Furthermore, educated women are more likely to cultivate their own worldview, rather than simply following their traditional familiar teachings; and may contribute no followers to a religion when they do finally decide to start a family.
This is a problem for religion because women who choose the timing and size of their household don’t typically contribute the same amount of future-followers to a religion as those women who are restricted from pursuing an education and career. If a woman leaves the religion altogether as a direct result of becoming well-informed and financially stable and no longer needs the “comforts” that her religion once provided, she has not only removed herself from the ranks, but her children as well. For religion to perpetuate itself, it must have followers, or it ceases to exist.

Friday, 22 April 2016

Today's ENERGY News - 22 April 2016

Top Stories 

 IEA chief says oil market, prices to return to balance by 2017

International Energy Agency’s (IEA) Executive Director Fatih Birol speaks at a news conference on the sidelines of G20 Energy Ministers Meeting in Istanbul, Turkey, October 2, 2015. International Energy Agency (IEA) chief Fatih Birol said on Thursday he expects the oil market to come back into balance from oversupply by next year, providing there is no major economic downturn. Birol said low oil prices have cut oil investment by about 40 percent in the past two years, with sharp falls in the United States, Canada, Latin America and Russia, and the world’s reliance on Middle East oil will accelerate substantially in the next few years. “This year, we are expecting the biggest decline in non-OPEC oil supply in the last 25 years, almost 700,000 barrels per day. At the same time, global demand growth is in a hectic pace, led by India, China and other emerging countries,” he told […]

Obama and King Salman of Saudi Arabia Meet, but Deep Rifts Remain

President Obama and King Salman of Saudi Arabia spent more than two hours in a closed-door meeting that American officials said was cordial but underscored deep differences with the kingdom over Iran, human rights and the best way to fight terror. The two leaders met in Riyadh on Wednesday against the backdrop of a public debate in the United States Congress about a bill that would allow the Saudi government to be held legally responsible for the Sept. 11, 2001, attacks if it is established that any officials played a role — a charge Saudi officials have long denied. Administration officials said the issue of the Sept. 11 attacks did not come up during the meeting with the king at Erga Palace, an opulent compound lined with palm trees and […]

Saudi Arabia forced to BORROW $10 billion as tumbling oil prices continue to hit the kingdom’s finances

Saudi Arabia is being forced to borrow $10 billion as the world’s top oil exporter seeks to fill a record budget deficit caused by low crude prices. The kingdom had initially been seeking to raise between $6billion and $8billion through a loan lasting for five years for its first foreign borrowing in more than a decade. But the Ministry of Finance raised the amount after drawing significant demand. Sources said the loan should be signed before the end of April, with one saying the lenders included a mix of U.S., European and Japanese banks. An official watches progress at a rig at the al-Howta, Saudi Arabia. The kingdom is being forced to borrow $10 billion as the world’s top oil exporter seeks to fill a record budget deficit caused by low crude prices Another said the lead arrangers included JP Morgan, HSBC and Bank of Tokyo-Mitsubishi. Each was contributing […]

Kuwait Oil Workers End Strike

Kuwaiti oil workers sit at the union’s headquarters in Al-Ahmadi, south of Kuwait City, on… Oil workers in Kuwait have ended a three-day strike that had almost halved crude output in the Organization of the Petroleum Exporting Countries’ fourth-largest producer, after the government said it wouldn’t negotiate while the walkout lasted. Workers resumed their jobs earlier Wednesday “out of respect for the country’s emir” after successfully showing the importance of their role in the economy, the oil-workers union said in a news release. The move came just hours after Kuwait’s acting oil minister, Anas al-Saleh, ruled out negotiations with the employees until they ended their strike and said the country’s oil sector would continue to operate despite the strikes. “The goal in going on strike was to send a clear message,” the Union of Petroleum and Petrochemical Workers said in the statement. “The workers reiterated in their action their […]

Iran’s Dilemma: Too Much Oil And Not Enough Ships

Late last week, just ahead of the Doha meeting, we reported that Iran’s existing oil tanker armada, which until recently had been on anchor next to the Iranian coast and which according to Windward data was storing as much as 50 million barrels offshore, had finally started to move. The reason, as Bloomberg reported , was that tankers carrying about 28.8 million barrels of crude, or more than 2 million a day, left the Persian Gulf country’s ports in the first 14 days of April. That compares with a rate of about 1.45 million barrels a day in March. As a result, Iran’s crude shipments have soared by more than 600,000 barrels a day this month, and offset the entire production decline of U.S. producers with just half a month’s incremental production. However, now that the shipping armada has sailed to its various (mostly Asian) destinations, it may be […]

Thursday, 21 April 2016

Today's ENERGY News - 21 April 2016

Top Stories 

Lithium War Heats Up After Epic Launch

 Of Tesla Model 3

The unveiling of Tesla’s Model 3 electric car was no less than the lifting of the final curtain on a game-changing energy revolution. And if we follow that revolution to its core, we arrive at lithium—our new gasoline for which the feeding frenzy has only just begun. Unveiled just on 31 March and already with 325,000 orders, it seems that the market, too, understands that the Model 3 is more than just another electric vehicle. In one week alone, Tesla has racked up around $14 billion in implied future sales, making it the “biggest one-week launch of any product ever.” (And if you think the “implied future sales” negates the news, think again: Each order requires a $1,000 refundable deposit. ) It will change the world because it is the first hard indication that the tech-driven energy revolution is not only pending, it’s arrived. The Model 3 and its […]

Kuwait’s Oil Output Set to Return to Normal After Strike Ends

Kuwait’s oil production is set to return to normal in three days after thousands of striking workers returned to their jobs Wednesday. OPEC’s fourth-largest producer will boost output to an average of 3 million barrels a day in three days, according to a statement from Kuwait Petroleum Corp. on Wednesday. Output was 1.5 million barrels a day on Tuesday compared with 1.1 million on Sunday. Oil refineries are still operating at about 520,000 barrels a day, Khaled Al-Asousi, spokesman at state refiner Kuwait National Petroleum Co., said in a text message. Plants had been operating at that rate, less than 60 percent of capacity, since the strike began on Sunday. The 13,000 members of the Oil & Petrochemical Industries Workers Confederation went on strike to protest cuts in pay and benefits as Middle Eastern crude exporters reduced subsidies and government handouts to cope with falling oil prices. A global […]

Exclusive: Iran struggles to find enough ships for oil exports

Malta-flagged Iranian crude oil supertanker ”Delvar” is seen anchored off Singapore March 1, 2012. Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes. Tehran is seeking to make up for lost trade to Europe following the lifting of EU sanctions imposed in 2011 and 2012, which deprived it of a market that accounted for over a third of its exports and left it relying completely on Asian buyers. Iran has 55-60 oil tankers in its fleet, a senior Iranian government official told Reuters. He declined to say how many were being used to store unsold cargoes, but industry sources said 25-27 tankers were parked in sea lanes close to terminals including Assaluyeh and Kharg Island for this purpose. Asked how many tankers were not seaworthy and needed […]

What Oil Glut? Outages Put Supply, Demand Close to Balance

Oil-producing governments across the world are scrambling to address petroleum outages that have taken nearly 2 million barrels a day off the market and sent crude prices rallying.  The outages have been caused by an oil-worker strike in Kuwait, alleged pipeline sabotage in Nigeria and payment disputes in Iraqi Kurdistan. The missing oil supply—about 1.85 million barrels a day—has essentially brought the oil market’s supplies back into balance with demand, if only temporarily, and raised questions about big producers’ ability to quickly ramp up during supply outages.  The situation offers a glimpse of what the oil market would look like if the current glut were to end after nearly two years of weighing on prices. Oil demand is expected to average 94.8 million barrels a day in the first quarter of 2016 compared with oil supply of 96.4 million barrels a day.

Russian Oil Output, Exports May Rise After Doha Deal Fails

 Just two days after the collapse of international oil-supply talks in Doha, Russia signaled it isn’t afraid to play a game of chicken. Freed from a plan to coordinate output with OPEC members, Russian officials said Tuesday that the country may boost both production and exports. Daily output in 2016 could grow by 100,000 barrels to 10.81 million, according to Deputy Energy Minister Kirill Molodtsov. “And why not?” he said at the National Oil and Gas Forum in Moscow. “It’s possible.” Talks among major oil […]

Harvard Study: Now Methane Causes Worse Impact on Climate


Image result for methane bomb arctic


Image result for harvard

That’s why last month’s Harvard study came as such a shock. It used satellite data from across the country over a span of more than a decade to demonstrate that US methane emissions had spiked 30 percent since 2002. The EPA had been insisting throughout that period that methane emissions were actually falling, but it was clearly wrong—on a massive scale. In fact, emissions “are substantially higher than we’ve understood,” EPA Administrator Gina McCarthy admitted in early March.


Global Warming’s Terrifying 

New Chemistry

Our leaders thought fracking would save our climate. They were wrong. Very wrong.

Global warming is, in the end, not about the noisy political battles here on the planet’s surface. It actually happens in constant, silent interactions in the atmosphere, where the molecular structure of certain gases traps heat that would otherwise radiate back out to space. If you get the chemistry wrong, it doesn’t matter how many landmark climate agreements you sign or how many speeches you give. And it appears the United States may have gotten the chemistry wrong. Really wrong.   

There’s one greenhouse gas everyone knows about: carbon dioxide, which is what you get when you burn fossil fuels. We talk about a “price on carbon” or argue about a carbon tax; our leaders boast about modest “carbon reductions.” But in the last few weeks, CO2’s nasty little brother has gotten some serious press. Meet methane, otherwise known as CH4.

Wednesday, 20 April 2016

Today's ENERGY News - 20 April 2016

Top Stories 

Fossil Fuel Companies Need to Become Renewable Energy Companies

It seems clear that Exxon Mobil and other parts of the fossil fuel industry have tried to suppress the science of climate change. I am not surprised that these companies acted in their short-term self-interest, and I expect them to continue to advance those interests. Their deception is disappointing and may even be illegal, but blaming the fossil fuel companies for our addiction to fossil fuels is foolish. It’s a distraction from the daunting challenge of making the transition to renewable energy as quickly as possible. For some reason, a great deal of effort is being devoted to uncovering the role of Exxon Mobil in the history of climate science. As John Schwartz reported recently in the New York Times : It remains unfortunate that many fossil fuel companies have not redefined themselves as energy companies that lead the effort to replace fossil fuels with renewable energy. If I […]

More than a dozen tremors hit Oklahoma

Oklahoma hit by more than a dozen small earthquakes in the last week as the state works to control wastewater disposal tied to the oil and gas industry. Map courtesy of the U.S. Geological Survey. OKLAHOMA CITY, April 18 (UPI) — Even with action taken to control human-induced seismic events tied to oil and gas, the USGS reported more than a dozen minor quakes in Oklahoma in a week. The U.S. Geological Survey reported there were 13 quakes in Oklahoma and one just over the northern state border in Kansas since last week. The largest were two magnitude-3.5 quakes recorded Tuesday in the north-central part of the state. Magnitude-3.0 and magnitude-2.5 quakes were recorded by the USGS on Sunday. A March report from the USGS found central U.S. states have experienced a dramatic increase in seismic activity over the past six years. Between 2009 and 2015, there have been […]

North Dakota rig count at historic low

 At 29, the rig count in North Dakota, the No. 2 oil producer in the United States, is at its lowest level in more than a decade, state data show. Rig counts serve as a loose gauge for the health of the oil and gas industry. Crude oil prices are far below peak levels in 2014 above $100 per barrel, leaving most companies without the capital necessary to invest in exploration and production. The price for West Texas Intermediate crude oil was around $39 per barrel early Monday. State data show 29 rigs in active service in North Dakota as of Monday, down 2 from this time last week. There were 93 […]

If oil stays cheap, household spending could rise: Fed paper

Fuel prices are displayed on a pump at a Mobil gas station in the Brooklyn borough of New York February 3, 2016. The dramatic drop in the price of oil since 2014 has delivered only a muted boost to the U.S. economy, but that could change if households start figuring cheap oil is here to stay. That conclusion, in research published Monday by the San Francisco Federal Reserve Bank, suggests that the longer the price of oil stays low, the better the news is for a recovery that has been moderate at best. That’s significant for a central bank that is seeking evidence that the economy is strong enough for it to continue to raise interest rates from their current level of 0.25 percent to 0.5 percent. Oil currently sells near $40 a barrel, down from around $100 a barrel two years ago, but households have generally assumed the […]

British shale oil may be ready to boom

Report finds “Gatwick Gusher” inland shale oil basin could add billions of dollars to the British economy and potentially offset natural declines from the North Sea. Photo courtesy of U.K. Oil & Gas Investments LONDON, April 18 (UPI) — The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation’s economy, a study finds. U.K. Oil & Gas Investments commissioned Ernst & Young to examine the future potential of oil production from the Weald shale basin. “Assuming it can be extracted from a development site at the volumes projected by U.K. Oil & Gas, has the potential to generate significant economic value to the U.K. economy,” the report read. Oil & Gas U.K., the industry’s lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending […]


Blog Archive