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Cuba Eager to Develop Offshore Oil Reserves

Cuba is seeking foreign investments in its oil industry, with a particular focus on offshore drilling, a senior government official said this week. At the moment, about 50 percent of the island’s demand is being satisfied by local production, but plans are to raise this substantially in the near term, the deputy general director of state-owned company Cuba Petrol Union (CUPET), Roberto Suarez, said. Currently, CUPET pumps around 4 million barrels of oil equivalent a year, with the oil used for power generation. Almost all of Cuba’s…

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Bill Kristol: “Decadent, Lazy, Spoiled, White Working Class” Americans Should Be Replaced By Immigrants

Bill Kristol, founder of the conservative magazine The Weekly Standard, seemingly caught a bad case of foot-in-mouth syndrome yesterday in speaking on a panel for the American Enterprise Institute.  Presumably Kristol was responding to a question regarding Trump’s controversial immigration ban when he let loose with the following slow-motion train wreck of a response:

“Look, to be totally honest, if things are so bad as you say with the white working class, don’t you want to get new Americans in?”


“Basically if you are in free society, a capitalist society, after two, three, four generations of hard work, everyone becomes kind of decadent, lazy, spoiled, whatever.”


“Then, luckily, you have these waves of people coming in from Italy, Ireland, Russia, and now Mexico, who really want to work hard and really want to succeed, and really want their kids to live better lives than them, and aren’t sort of clipping coupons or hoping that they can hang on and, meanwhile, grew up as spoiled kids and so forth. In that respect, I don’t know why this moment is that different from the early 20th century.”

Unfortunately, Kristol’s hope that he wasn’t being recorded was not fulfilled…only time will tell if his subsequent prediction about his future will now come true…

“I hope this thing isn’t being videotaped or ever shown anywhere. Whatever tiny, pathetic future I have is going to totally collapse.”

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تحليلات الاسبوع- Elliott waves for Forex correlation analysis – Gold, Silver, Brent Weekly Review

Gold weekly Review:

Wave Analysis:
Instead of going short as previously forecasted, the yellow metal retraced to the upperside but is yet to hit our turn around level at 1613.99. We expect the upward rally witnessed during the previous wee…

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تحليلات الاسبوع- Forex Technical Analysis: Trend potential – Weekly Review. S&P500, Brent, gold

Monthly chart: moderate index growth tendency is still valid, ADX is getting active. Such a situation is negative for trading: one need to buy with huge stops and it’s dangerous to sell counter trend. So trading is recommended only on lower …

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Wall Street Pouring Money Back Into Oil And Gas

Despite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders pinned their hopes on a surprise drawdown in gasoline stocks, which provided some evidence of stronger-than-expected demand. The abnormal crude stock increase took inventories close to 80-year record levels at 508 million barrels, and is another bit of damming evidence that should worry oil bulls. But the oil markets were not deterred. In fact, that has been a defining characteristic…

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Total to cut spending about 20% in 2017

Total SA in 2017 expects to spend $16-17 billion including resource
acquisitions, down from the $20.53 billion spent in 2016 and $28.033
billion spent in 2014.

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US general seeks review of ties with Pakistan

Fri, 2017-02-10

WASHINGTON: The top US commander in Afghanistan said on Thursday that there was a need for a “holistic review” of the relationship with Pakistan, adding that it was supporting the Taliban and undermining the Afghan government.
“Our complex relationship with Pakistan is best assessed through a holistic review,” Gen. John Nicholson, who leads US and international forces in Afghanistan, told the Senate Armed Services Committee.
The US has cut both military and economic aid to Pakistan sharply in recent years, reflecting mounting frustration among a growing number of officials with the nuclear-armed country’s support for the Taliban in neighboring Afghanistan.
He said he needs several thousand more international troops in order to break a stalemate in the long war with Taliban insurgents, signaling the matter may soon be put before President Donald Trump.
So far, Trump has offered little clarity about whether he might approve more forces for Afghanistan, where some 8,400 US troops remain more than 15 years after the Taliban government was toppled by US-backed Afghan forces.
A US soldier was severely wounded in fighting in Afghanistan on Thursday, the military said. Nicholson acknowledged Taliban gains over the past year, when deployed US forces were reduced even as security deteriorated.
Nicholson said he still had enough US troops to carry out counterterrorism missions against Al-Qaeda and other militant targets, but not enough to properly advise Afghan forces on the ground.
“We have a shortfall of a few thousand,” Nicholson told the Senate Armed Services Committee.
He added those forces could both be drawn from US forces as well as from allies.
Nicholson noted that Trump’s Defense Secretary, Jim Mattis, would soon speak with allies and suggested Mattis might visit Afghanistan in the coming weeks.

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Pipeline Approvals Could Put A Ceiling On Gas Prices

Two new pipelines to be built over the next 12-18 months are likely to bring down natural gas prices on the U.S. market just when they were starting to rise more consistently. While this is good news for consumers, it is not so welcomed news for producers, who might have to start thinking about finding new markets. The pipelines in question are Atlantic Sunrise, a project of Williams Partners, and Energy Transfer Partners’ Rover. The two got the greenlight from the Federal Energy Regulatory Commission last week and became cause for celebration…