Dr. Kent Moors- Money Morning - Only the News You Can Profit From.
Dr. Kent'S LATEST HEADLINES
Oil 1 Tuesday, August 1, 2017What the Energy Sanctions on Russia Really Mean
Events of the last few days will be opening up some interesting energy investment moves.
We just need the smoke to settle, first.
It brings me back to just a few years ago, when I found myself in the middle of a political tiff between Moscow, Brussels, and Washington.
Then, the issue has centered on a move by the Obama administration to decrease European reliance on Russian natural gas by offering alternative energy sourcing.
The alternative source being considered back then was gas coming from Iraq and Kurdistan, something still being discussed today.
At the time, I was a consultant to both the Iraqi Ministry of Oil and the Kurdish Ministry of Natural Resources.
That meant I was in the middle of what were on occasion some rather rancorous negotiations.
While the EU in Brussels wanted to diversify away from relying heavily on fuel from Russia, it has also always disliked being lectured to by Washington.
Thursday morning had all those memories coming back.
Thursday, July 27, the U.S. Senate overwhelmingly passed the new Russia-Iran-North Korea sanctions bill that the House had approved on July 25.
It now moves on to President Trump.
Having passed both chambers with a veto-proof majority, it will become law whether the White House approves of it or not.
Not even bothering to wait for Trump's decision, Russian President Vladimir Putin responded this morning by cutting the number of American diplomats allowed in Russia and seizing two U.S. properties.
Thus far, the reaction has been limited to a tit for tat, as these actions mirror those made at the end of the Obama administration against Russian personnel and property in the United States.But this is merely round one...
Oil 0 Wednesday, July 26, 2017Why You Shouldn't Trust Oil Price Forecasts (from Others)
Oil 0 Friday, July 21, 2017Why This Week's OPEC "Defection" Won't Lower Oil Prices
Oil 1 Wednesday, July 19, 2017How You Can Profit Where This $2 Billion Oil Fund Went Under
Oil 0 Tuesday, July 18, 2017Tesla Just Showed Us the Future of Energy
Oil 1 Wednesday, July 12, 2017Where Oil Prices Will Be by September – and Why the "Distortionists" Won't Be Able to Stop It
Oil 0 Tuesday, July 11, 2017What Iran's $4.8 Billion Gas Deal Really Means for Sanctions and the Energy Market
Oil 1 Monday, July 10, 2017Qatar's New LNG Gamble Is About to Change Everything for U.S. Energy Exports
Oil 3 Wednesday, July 5, 2017Why One of the Largest Oil Tankers Ever Made Just Sailed to Texas, Empty
Energy 1 Wednesday, June 28, 2017Once Again, Politics Collides with Energy Reality – and Everyone Suffers