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  • Another crack in the crude export ban? [View news story]
    Part of it can be explained by what the crudes refine into. Refineries that sell products to most of the world value diesel and prefer crudes that refine more into diesel whereas the US market consumes more gasoline and thus refiners selling into the US market prefer crudes that refine into more of that.

    Can the refineries retool to process different crudes? Sure but it's expensive and time consuming.

    Can refineries expand their operations? In the US the permitting process is so expensive and time consuming it definitely does not encourage it.

    So in some ways trading crudes for what best works for you makes sense. This isn't obviously a very deep analysis, but it may provide at least some direction to the answer you seek.
    Mar 26, 2015. 10:07 AM | Likes Like |Link to Comment
  • Greece vows to accelerate reforms; Russian sanctions linked to truce [View news story]
    Tsipras is keeping the only campaign promise that matters to Greeks - taking control of the reform agenda - and doing it despite pressure from all sides.

    Tsipras likely pointed out that the EU cannot expect Greek cooperation on the political front without EU cooperation on the financial side. As in, he likely tied Greece's cooperation in sanctions on Russia and policy on Ukraine to Europe's cooperation on allowing him to continue to act unilaterally on the Greek reform agenda.
    Mar 20, 2015. 10:10 AM | 2 Likes Like |Link to Comment
  • Evans: Fed's biggest risk is hiking too soon [View news story]
    And what value precisely will an eighth or fourth provide? If its impact is so negligible and all.
    Mar 19, 2015. 02:38 PM | Likes Like |Link to Comment
  • Greek talks likely to dominate EU summit [View news story]
    When thinking about Syriza one has to remember that the junior party member of the government is a extreme right party which favors NATO and Western relationships over Turkey/Russia.

    One should also remember that Greece conducts - or rather - conducted, a significant amount of trade with Russia pre-sanctions. In a country struggling to pay its bills and feeling the heel of unfriendly, uncooperative 'partners' at its throat, reinstating trade with Russia may make a lot of sense.
    Mar 19, 2015. 08:28 AM | 2 Likes Like |Link to Comment
  • Greek talks likely to dominate EU summit [View news story]
    The EU meeting is a political meeting of the political heads of the EU. The people Greece is 'angering' are the institutions and the EZ lenders. Syriza wants the future of the lending programs to be discussed on a political, EU, level instead of as a EZ issue. This is interesting. Interesting because it may imply he wants a tighter political union, which in many ways the European debt crises of the periphery seemed to promote but the policy of the union never embraced.

    The poverty law was always on his agenda. But. The recent agreement for the 4 month extension seemed to be designed to kill both that law and any other let's call it 'unfunded' legislation proposed by Syriza.

    The 'unilateral' part means the creditors want input on Greek legislation and policy. Tsipras is taking the stance that a sovereign nation has a right to determine its own policy.
    Mar 19, 2015. 07:19 AM | 2 Likes Like |Link to Comment
  • Flash crash in the dollar [View news story]
    Europe is starting to find its legs and some of the momentum in the dollar has been based around expectations of a US Fed rate increase (which the Fed's actions today took some wind out of). I still think the short-mid term trend is lower and possibly parity but a large part of the move has been made.
    Mar 18, 2015. 06:26 PM | 1 Like Like |Link to Comment
  • Buy top E&P names before crude prices find a bottom, Stifel says [View news story]
    But... their dollar assets... of which they have many... are doing awesome in the dollar strength environment... Don't bet on the Saudi budget price. Pain will arrive elsewhere far sooner. Nigeria for example is in shambles as is Venezuela.
    Mar 18, 2015. 06:22 PM | 2 Likes Like |Link to Comment
  • Greek reform drama continues [View news story]

    You clearly have absolutely no idea whatsoever what you are talking about.

    Seriously, considering the majority of your opinion on Syriza is based around the Arena... just ugh.
    Mar 18, 2015. 04:53 PM | Likes Like |Link to Comment
  • Greek reform drama continues [View news story]
    Syriza, the current party in power, wants to control Greece's reform agenda - which up until a month ago was controlled by what was derisively coined 'Troika'; it wants to reinforce or reinstate safety net programs that were eliminated or drastically reduced under previous programs and administrations while eliminating special interests from control of virtually all the assets of the country; fix the tax collection system and reduce tax evasion; and adjust its loan programs so they are growth-linked - as in no payments until growth in the economy is restored - while reducing the requirement of running a primary budget surplus to 1.5% from 4%+, amongst other things.

    That's the general agenda. The problem is the details on the implementation of said agenda have either been sparse or unacceptable to those overseeing the Greek lending programs. Greece was pretty much forced to bow to most demands made by the so called Troika in the last round because it had no time and no ability to formulate a Plan B. It bought 4 months, and is now preparing both a Plan and a Plan B.

    In the meantime, international negotiations have been complicated by the intense scrutiny of observers. Neither side wants to admit to having backed down in the last round (both made concessions, arguably Greece made much more, but since Greece had brought a knife to a gun fight the fact it secured anything at all is a victory in itself). Since the last round, both sides have become increasingly hostile. One reckons they are attempting to emulate the total breakdown between the parties of the US system....
    Mar 18, 2015. 07:19 AM | 2 Likes Like |Link to Comment
  • Industry reactions as FCC reveals net neutrality order [View news story]
    justaminute, thanks for FUD but the fact that everyone knows, is that the internet's basic technology arose out of government initiatives. Further, the 'internet' originally operated on standard telephone wire (yup, 56k dialup and LESS!) and still operates on standard coax long installed and depreciated by cable companies. For the most part, the telcos didn't build anything at all when the internet was being birthed, it already existed.

    Newer infrastructure has come at increased costs to consumers and has been further depreciated by the telcos. When cable broadband was introduced in my area by my cable co it came in at something like $25/month (ca. 1999) on the existing cable lines already installed in my house. Today, the slightly faster service costs $55/month. So there's that.
    Mar 13, 2015. 07:33 AM | 3 Likes Like |Link to Comment
  • Industry reactions as FCC reveals net neutrality order [View news story]
    Your so called "used-to-be free market" decisions were still funded, just at the cost of those with the money to fund them. Those who then also got to dictate what constitutes appropriate use of the internet. Now the funding burden gets spread equally amongst everyone, and those with deep pockets don't get to dictate terms on what data is prioritized, or how. Or for that matter penalize certain data types over others. Like say, seeing AT&T prioritize its own VOIP over others. Clear?
    Mar 13, 2015. 07:27 AM | Likes Like |Link to Comment
  • Greek reform outline rejected [View news story]
    This government has already started aggressive tax collections.
    Mar 9, 2015. 11:43 AM | Likes Like |Link to Comment
  • Investors again warm to oil stocks, sparking surge in equity fund-raises [View news story]
    Yup I was hearing this from my financial advisors, seems there's been a big herd-like movement betting producers are going to perform. I'll pass. I prefer the mid-stream.
    Mar 7, 2015. 07:52 AM | 8 Likes Like |Link to Comment
  • Crude futures decline after inventory data [View news story]
    44 comments on this as I type. I have never seen 44 comments on an oil inventory report current in SA.

    I'd say it looks like there's more spec interest in the oil trade now than there's been in a long time.
    Mar 5, 2015. 08:44 AM | Likes Like |Link to Comment
  • Reports: Microsoft cutting 9K Chinese jobs at two Nokia plants [View news story]
    Zune was the kickoff for the UI in Win8 and WPhone; it's debatable whether or not people like it, but it isn't debatable that it's innovative and looks like nothing else.
    Feb 27, 2015. 10:23 AM | Likes Like |Link to Comment