Tyler Durden's picture

What Is The Real Price Of Obama's CO2 Plans?

Coal powered electricity is currently by far the cheapest and one of the most reliable forms of electricity generation known to Man. To suggest that replacing this with intermittent wind and solar or carbon capture generation will somehow reduce American’s electricity bills is either delusional or plain stupid. Or is the intention to deliberately deceive?

Tyler Durden's picture

Russia's Latest Land Grab Attempt In The Arctic

Russia is resubmitting its claim of more than 460,000 square miles of the Arctic, including the North Pole, as its sovereign territory, saying it has enough evidence to convince the United Nations that its claim is valid. The Arctic, which is believed to contain as much as one-quarter of Earth’s undiscovered oil and gas, is part of a territorial dispute involving not only Russia but also Canada, Denmark, Norway and the United States. This is the second time Moscow has submitted a claim in the Arctic.

Pivotfarm's picture

Cleanest Places in the World

The quest for perfection is man’s unattainable goal. Man can never be perfect if we are to believe the English philosopher Thomas Hobbes. Man is man’s wolf and all of that.

Tyler Durden's picture

Bubble, Bubble, Toil, & Trouble: When Authorities Buy Assets To Prop Up Markets

The Central Planners who thought that buying shares to prop up the stock bubble was an excellent fix are about to find out the true meaning of toil and trouble.

Tyler Durden's picture

Greek Banks Just Became A "Strong Sell" At Any Price

Even as Greek banks, severely depleted of cash and eligible collateral they can post with the ECB, stand to fight another day (and potentially face more withdrawals as soon as the Greek banks reopen supposedly on Monday) thanks to another €900 million liquidity infusion, investors in Greek bank shares will be less lucky: "to ensure a new bailout, investors in the country’s banks faced the prospect of their holdings being "wiped out" under the terms of a €25 billion recapitalization plan."

Tyler Durden's picture

Frontrunning: July 15

  • Tsipras Braves Parliament on Aid as Greek Outlook Worsens (BBG)
  • European markets rise before Yellen speech, Greek vote (Reuters)
  • China’s Growth Beats Economists’ Forecast as Stimulus Kicks In (BBG)
  • China stocks drop again, positive data shrugged off (Reuters)
  • Yellen intensifies Republican outreach amid Fed probe, Senate bill (Reuters)
  • Iran deal holds both promise and peril for Hillary Clinton (Reuters)
  • Iranians Party Into the Night as Khamenei Backs Accord (BBG)
Tyler Durden's picture

How Fascist Capitalism Functions: The Case Of Greece

There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece. Simply out - The whole system is a money-funnel, from the public, to the aristocracy.

Tyler Durden's picture

Peter Schiff On The Big Picture: The Party's Ending

While the party in the 1990s ended badly, the festivities currently underway may end in outright disaster. The party-goers may not just awaken with hangovers, but with missing teeth, no memories, and Mike Tyson's tiger in their hotel room.

Tyler Durden's picture

What Greece, Cyprus, And Puerto Rico Have In Common

We all know one thing that Greece, Cyprus, and Puerto Rico have in common – severe financial problems. There is something else that they have in common – a high proportion of their energy use is from oil. Most people don’t understand that our world economy runs on cheap energy.

Tyler Durden's picture

There is Only One Way Out For Greece

Brussels has been dead wrong. The stupid idea that the euro will bring stability and peace, as it was sold from the outset, has migrated to European domination as if this were “Game of Thrones”. Those in power have misread history, almost at every possible level.

Tyler Durden's picture

The Current Oil Price Slump Is Far From Over

The oil price collapse of 2014-2015 began one year ago this month (Figure 1).  The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change like when water turns into ice: the composition is the same as before but the physical state and governing laws are different. The market must balance before things get better and prices improve. That can only happen if production falls and demand increases. That will take time. The most likely case is that oil prices will decrease in the second half of 2015 and that financial distress to all oil producers will increase. The hope and expectation that the worst is over will fade as the new reality of prolonged low oil prices is reluctantly accepted.

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