Iranian crude oil continues its run into the bull-market territory on the back of a global pact to cut supplies that kicked in on January 1.Its light crude …Continue reading
US Sen. Lisa Murkowski (R-Alas.) urged the US Bureau of Land Management to rescind its draft regional mitigation strategy (DRMS) for the National Petroleum Reserve-Alaska because it is deeply flawed, fails to establish predictability and transparency, …Continue reading
Transparency Market Research (TMR) has announced the addition of a new market study on the crude oil desalter and electrostatic dehydrator market …
The post <b>Crude Oil</b> Desalter and Electrostatic Dehydrator Market Global Industry Analysis Forecast – 2023 appeared first on crude-oil.top.Continue reading
Alaska Gasline Development Corp. (AGDC) and affiliates of ExxonMobil Corp., BP PLC, and ConocoPhillips Co. concluded preliminary work that will allow them to assume responsibility for the natural gas export project’s technical and regulatory activities…Continue reading
US President Barack Obama closed 3.8 million acres off the US North and Mid-Atlantic coasts and 115 million acres in the US Arctic Ocean to future oil and gas activity.Continue reading
Tax reform, newly in fashion in the US, presents a dilemma to the oil and gas business. It’s both desirable and treacherous.Continue reading
Fed Governor Jerome Powell says “Signs of excesses are ‘isolated’. Asset Prices ‘not broadly unsustainable’“.
The Federal Reserve does not see “broadly unsustainable asset prices,” a senior U.S. central banker said Saturday, with financial excesses stemming from almost a decade of ultralow interest rates “isolated.”
In remarks as part of a panel discussion at the American Finance Association meeting, Fed Gov. Jerome Powell defended the central bank’s policy that has kept interest rates at historic lows since the financial crisis. The Fed pushed rates to zero in December 2008 and has only raised them only twice since, both in the past year.
The policy of low rates has helped the economy recover, and has helped strengthen the financial sector, he said. “By many measures the U.S. financial system is much stronger than before the crisis,” Powell said.
There are trade-offs, because low interest rates can have adverse impacts on financial markets in a number of ways, he said. “Low rates can lead to excessive leverage and broadly unsustainable asset prices — things that we watch carefully for and do not observe at this point.”
- The Greenspan Fed missed the dotcom bubble
- The Greenspan Fed and the Bernanke Fed missed the housing bubble
- The Bernanke Fed and the Yellen Fed missed the asset bubbles now in progress
The only way to not see this bubble is to be willfully blind to economic fundamentals for the sole benefit of banks and the wealthy, to the detriment of everyone else.
And then there’s Citadel’s Ken Griffin…
“We are now more levered in corporate America than ever before”
Which – is a fact!
The post “Signs Of Excesses Isolated” – In Search of Elephant In Room, Fed Governors Come Up Empty appeared first on crude-oil.top.Continue reading
On Jan. 1, members of the Organization of Petroleum Exporting Countries as well as several non-OPEC producers were supposed to begin curtailment of crude oil output in an attempt to hasten market rebalancing (OGJ Online, Dec. 13, 2016). It’s the first …Continue reading
JPMorgan Oil and Gas Analyst, Christyan Malek, takes a look at what the latest OPEC output deal means for European oil majors.
crude oilThe post JPMorgan: Remain constructive on EU oil appeared first on crude-oil.top.Continue reading