Lobao cracks me up, with his "50 billion barrel, no risk" hokum. Has anyone being paying attention? Three dry holes and PBR's Tupi pilot shut in. Anadarko and Exxon suddenly silent.
Investment Ideas for an Inflationary Environment
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Re PBR (via Dow Jones this morning):
"I want to vehemently deny the insinuations that we are in a financial crisis. What is important to make clear is that Petrobras is not in any cash-flow crisis," CEO Gabrielli said.
Oh good. Always positive when something is vehemently denied.
Don't Bet Against Chinese Demand Growth Just Yet [View article]
Rebuilding Chinese cities, towns, dams, bridges destroyed by the earthquake adds demand for copper and steel, I should think. They have enormous dollar reserves to go on another shopping spree.
Petrobras: Still a Sure Thing? [View article]
Investment Ideas for an Inflationary Environment [View article]
"I want to vehemently deny the insinuations that we are in a financial crisis. What is important to make clear is that Petrobras is not in any cash-flow crisis," CEO Gabrielli said.
Oh good. Always positive when something is vehemently denied.
Is This the Death of Gold & Silver Stocks? Part II [View article]
Don't Bet Against Chinese Demand Growth Just Yet [View article]