Mexico

The Permian Pitfall: A Race To The Bottom For Tight Oil

Remember the shale gale and Saudi America? The scale of those outlandish delusions has now dwindled to plays in a few counties in West Texas and southeastern New Mexico. Saudi Permian. It’s a race to the bottom as investors double down on the tight oil companies that can still tell a growth story.

The 10 Worst Places In America To Start A Business

Anywhere you start a business, it's going to be a gamble. More new businesses fail than succeed, according to the Kauffman Foundation. So it's important to set up in an area where the odds are in your favor. Some cities are more hospitable to business formation than others. Regulatory hurdles, tax rates, ease and cost of hiring, and cost of real estate are just some of the factors. Cities across the country are also dealing with demographic challenges, including population growth, an aging workforce and economic stagnation. Here are the worst 10 cities...

Global Stocks Drop, US Futures Down As Dollar Rebound Halts Longest Oil Rally In Years

European, Asian stocks and S&P futures all fell in another quiet, low-volume early session. With oil entering a bull market yesterday, and set for its longest run of gains in 4 years after, overnight crude stumbled, and reversed early gains, falling for the first time in seven days driven by rebound in the dollar which gained versus all G-10 currencies with commodity currencies underperforming.

Mexico's New Auto Plants Unable To Find Enough Labor... As Detroit Still Suffers Massive Unemployment

Soaring auto production in Mexico is creating a bit of a labor shortage as US production continues to migrate south of the border.  Supporters of minimum wage hikes could learn from the efforts of the United Auto Workers Union which did a masterful job negotiating off-market wage and benefits packages which ultimately only served to provide their members with permanent job losses.

Captured ISIS Terrorist Confirms He Has "Jihadist Brothers" In Mexico; Obama Administration Denies It

An ISIS operative arrested and criminally charged in Ohio this month has confirmed that the terrorist group has cells in Mexico, according to federal authorities. Judicial Watch has reported this for years, documenting it in a series of articles as part of an ongoing investigation on the connection between drug cartels, corruption and terrorism on the southern border...  the Obama administration has publicly denied it.

Mexico's "Legendary" Oil Hedging Desk Is Quietly Preparing For The Next Plunge

While oil longs and Saudi Arabia are enjoying this week's latest, substantial short squeeze, prompted if not so much by the latest set of cheerful, if repetitve, IEA "rebalancing" forecasts, the fundamental reality as confirmed not only by a recent Morgan Stanley report which sees oil dropping to the mid-$30s, but also by the just released Baker Hughes oil rig count which reported a spike of 15 rigs in the past week, the most since 2015, suggests that there is more downside pressure in store for oil. Some are already actively hedging for just that.

US Futures Rebound, European Stocks Higher As Oil Rises

The summer doldrums continue with another listless overnight session, not helpd by Japan markets which are closed for holiday, as Asian stocks fell fractionally, while European stocks rebounded as oil trimmed losses after the the IEA said pent-up demand would absorb record crude output (something they have said every single month). S&P futures have wiped out almost all of yesterday's losses and were up over 0.2% in early trading.