Latest News From The World
The U.S. Congress is nearing final approval of a bill that would green light the Keystone XL pipeline. But with the President set to veto the legislation when it reaches his desk, the ability of companies in Alberta to get their tar sands oil out of the country looks … Read entire story.
Source: OilPrice.com Daily News Update
A lobbying blitz is underway to scrap the decades old ban on crude oil exports from the United States. Originally implemented during price spikes in the 1970’s, oil exports from the U.S. have been legally blocked, save for exemptions given to exports to Canada. That was largely a nonissue …
MORE FREE MONEY!!! Mario ;Draghi (a Goldman employee) ;will discuss his $75Bn/month QE program for the ECB ;this morning and the BOE (another Goldman employee) has already announced they will continue their $35Bn/month QE program while Japan continues their $80Bn/month QE program and our…
Today, I will be closing my first trade of the year where I went long Apple ($APPL) and shorted AOL inc ($AOL). That trade is now up over 47{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}, not too bad right? It has certainly helped the overall portfolio which is up 11.42{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} (see all trades here). Why am …