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09-Sep-2017 11:41

CEO Jeff Bezos, the world’s second richest man after Microsoft’s Bill Gates, is funding rocket company Blue Origin to the tune of

CEO Jeff Bezos, the world’s second richest man after Microsoft’s Bill Gates, is funding rocket company Blue Origin to the tune of $1 billion a year.Blue Origin has been putting together a rocket factory in Kent, Wash., for several years.Let’s be honest, the Middle-East has been a complete disaster for longer than most of us can imagine.Once the US firmly planted itself in the Middle-East in 2001, the destabilization of an already volatile region really started to pick up steam.

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CEO Jeff Bezos, the world’s second richest man after Microsoft’s Bill Gates, is funding rocket company Blue Origin to the tune of $1 billion a year.

Blue Origin has been putting together a rocket factory in Kent, Wash., for several years.

Let’s be honest, the Middle-East has been a complete disaster for longer than most of us can imagine.

billion a year.

Blue Origin has been putting together a rocket factory in Kent, Wash., for several years.

Let’s be honest, the Middle-East has been a complete disaster for longer than most of us can imagine.

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Obviously, it will also cost you a lot more to get to and from work. It’s for this reason that an increase in oil price is often viewed by many economists as a reliable indicator that a recession is on the way.

For the second month in a row, the IEA has poured cold water onto the oil market, publishing an analysis that suggests 2018 could hold some bearish surprises for crude.

The IEA’s December Oil Market Report dramatically revises up the expected growth of U. shale, which goes a long way to torpedoing the excitement around the OPEC extension.

Let’s be clear, I am not necessarily talking about a return to the sub- of the beginning of 2016 here, but a return to the more recent lows around before too long is distinctly possible, and if that happens, who knows where we go from there?

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There are, as I have noted in the past, reasons to believe that the long-term path of oil is still upward, but more immediately there is one dominant factor that keeps adding downward pressure, large and still growing supply from North American shale producers.

This has long been known or at least surmised, but now we have proof and quantitative data thanks to NASA’s Cassinispacecraft.