Saudi Arabia ready to take part in any US-led ground operations in Syria

•February 8, 2016 • 6 Comments

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https://www.rt.com/news/331322-saudi-us-ground-operations-syria/

Saudi Arabia expressed its readiness to send ground troops to Syria if the US-led coalition decided that such operation is necessary, an adviser to the Saudi defense minister said.

The kingdom is ready to participate in any ground operations that the coalition [against Islamic State] may agree to carry out in Syria,” Brigadier General Ahmed Asseri, who is also the spokesman for the Saudi-led Arab coalition in Yemen, told al-Arabiya.

According to Asseri, Saudi Arabia has been an active member of the US-led coalition since the country’s warplanes carried out more than 190 aerial missions against Islamic State targets.

If there was a consensus from the leadership of the coalition, the kingdom is willing to participate in these efforts because we believe that aerial operations are not the ideal solution and there must be a twin mix of aerial and ground operations,” the spokesman stressed.

When asked to comment on the Saudi proposal, US State Department spokesman, John Kirby, said he had not yet seen it, but stressed that the coalition is generally supportive of having partners who contribute more in the fight against IS.

I would not want to comment specifically on this until we’ve had a chance to review it,” Kirby said at briefing.

The US-led coalition has been carrying out air strikes against Islamic State (IS, formerly known as ISIS/ISIL) since mid-2014.

Over the course of the operation, US President Barack Obama has repeatedly stated that there will be no US boots on the ground in Syria.

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very keen to get involved even more..and the uae has also offered to go and help their “rebel” force in syria..note the media calls anyone the russians attack..”moderate rebels”..and if the west is attacking they are isil..

401

Great Pyramid solar system review

•February 8, 2016 • 6 Comments

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excellent video that probably provides more questions than answers?

401

Images 7/2/16

•February 7, 2016 • 10 Comments

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out of the mouth of babies..he said it..not me..

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spot on bill..

michelle phan

michelle phan..no idea who she is..

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a stroke of good luck..and coincidence only..

revenant-leo

might go see this movie..could contain a few esoteric messages..i see a one eye..

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fiction or non fiction?

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why cant our governments think like this when it comes to gmo?..because they have all been bought..

jaydensmith new face of lous vitton ladies range

jayden smith, son of will smith..the new face of lous vittons ladies range of clothing..i shit you not..

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pretty much on the money this image..who did they forget?

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flashback to 2013 and riri playing medusa..nice eyes..and snake..

401

Four days after predicting oil will double T. Boone Pickens sells all oil holdings

•February 7, 2016 • Leave a Comment
BP Capitol foundrer T. Boone Pickens participates in a debate on US energy policy with CNN founder and Ted Turner Enterprises chairman Ted Turner at the National Press Club in Washington on April 19, 2011. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)

BP Capitol foundrer T. Boone Pickens

http://www.zerohedge.com/news/2016-02-04/four-days-after-predicting-oil-will-double-t-boone-pickens-sells-all-oil-holdings

Just four days ago, on Monday afternoon, “legendary” oilman T Boone Pickens said that crude has hit bottom at $26 per barrel, and predicting that prices should double within 12 months.

Pickens then doubled-down on his wrong call from last year, telling CNBC’s “Squawk Box” that oil prices will rise to at least $52 per barrel by the end of the year. That said, he was at least honest enough to admit that his virtually identical call from last year, when he thought prices would strongly rebound, was wrong.

Whether it’s $50 or $70 by the end of 2016 will largely be determined by the global economy, he added reiterating the same flawed thesis he used to justify his bullishness a year ago: “We’re still building inventories, and we will for the next several months. And then we’ll start to draw,” Pickens said. “Once you start to draw, you’re not going to start back building again. The draw will come here in the next few months. It’ll become pretty clear.”

He was wrong then, and he will be wrong this time again for the simple fact that while historically OPEC exercised a rational production strategy, as of the 2014 OPEC Thanksgiving massacre, there is no more OPEC, as can be seen by the relentless attempts by roughly half the members to call an OPEC meeting unsuccessfully, confirming what we said in late 2014 – OPEC no longer exists, which means it is every oil produer for themselves.

Putting T Boone’s forecasts in context, in a CNBC commentary in October, Pickens conceded his prediction for $70 oil by the end of 2015 wasn’t going to happen, because worldwide demand did not go up as much as he thought and supply did not markedly go down. Oil closed the year at $37: his prediction was off by 50%.

Yet while being merely wrong is excusable, being a “legendary” hypocrite is not.

Earlier today, literally days after he predicted oil would double from its $26 “bottom”, Pickens told Bloomberg that he has cashed out.

But, but, what happened to oil prices will double from their bottom? And did he just liquidateall his holdings just $4 above this so-called bottom?

Well… yes.

Pickens has sold all his oil holdings and is waiting for the best moment to get back in, he said Thursday in an interview on “Bloomberg Go.” With prices low, mid-size U.S. oil companies such as Pioneer Natural Resources Co., Anadarko Petroleum Corp. and Apache Corp. are acquisition targets for larger firms like Exxon Mobil Corp., he said.

So low, that he would be delighted if others first took advantage of these low, low, offers.

But what is most fascinating is that the broken record continues:

 “The low is in,” he said. “Just don’t get in a rush here. You’re going to have plenty of opportunity. The market is going to be volatile. it’s not going to go straight up, so there will be good entry points.”

And, at least as far as Pickens is concerned, exit points.

So for anyone who listened to the CNBC and BBG commentator, and bought oil thinking he knows what he is talking about, our condolences:

 Pickens won’t start investing again until crude inventories start to fall. In the U.S., commercial stockpiles have risen in 16 of the past 19 weeks and now stand at more than 500 million barrels for the first time since 1930, at the height of the East Texas oil boom.

“I will not re-enter, I’m sure, until we start to draw on inventories,” Pickens said. “That’s a key point.”

And just like that another rider of the dumb-luck momentum trade has been exposed for the “expert” charlatain he is.

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example A in a long line of hypocrisy calls..

you cant make this stuff up..he says its the bottom..and then sells..everything..they lie to your face..they lie behind your back..they will say and do anything to maintain an edge and attempt to stay one step ahead..so whilst we all jump into oil on pickens advice..he gets out..do as we say..not as we do..

401

Goldman Sachs forced to fundamentally question how capitalism is working

•February 7, 2016 • 4 Comments

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http://www.theage.com.au/business/world-business/goldman-sachs-forced-to-fundamentally-question-how-capitalism-is-working-20160204-gmljq0.html?google_editors_picks=true

One of the most heated debates among investors is the question of whether corporate profit margins can maintain their elevated level, or whether they will inevitably mean revert.

A new note from Goldman Sachs Group analysts led by Sumana Manohar looks at the bull and bear arguments for the profit margins debate.

Manohar argues that profit margins have expanded thanks to three key trends: strong commodities prices, emerging market cost arbitrage (companies making things more cheaply in emerging markets), demand growth from emerging markets, and improved corporate efficiency driven by the use of new technology.

Continuing one of its major analytical themes of recent months, Goldman also notes that the market has rewarded companies that have undertaken mergers and share buybacks, compared to companies that have invested internally, further bolstering margins.

So will profit margins inevitably roll over?

Goldman goes through both sides of the argument. On the bull side, the bank says that ongoing consolidation in industries, cost deflation, and tighter purse strings help keep a floor under margins. Ultimately though, it thinks that the above trends, coupled with weak demand and general industrial overcapacity, mean that margins are likely to come down.

But what if margins stay elevated? That too is possible, and the implications could be unsettling.

Goldman says “we are always wary of guiding for mean reversion. But, if we are wrong and high margins manage to endure for the next few years (particularly when global demand growth is below trend), there are broader questions to be asked about the efficacy of capitalism.”

In other words, profit margins should naturally mean-revert and oscillate. The existence of fat margins should encourage new competitors and pricing cycles that cause those margins to erode while conversely, at the bottom of the cycle, low margins should lead to – weaker players exiting – the business and giving stronger companies more breathing space. If that cycle doesn’t continue, then something strange is taking place.

Needless to say, it’s not every day you see a major investment bank say they might have to start asking broader questions about capitalism itself.

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“Goldman also notes that the market has rewarded companies that have undertaken mergers and share buybacks, compared to companies that have invested internally, further bolstering margins.”

and we have seen M&A everywhere..

“Needless to say, it’s not every day you see a major investment bank say they might have to start asking broader questions about capitalism itself.”

wont matter what “ism” its called..GS will still be around the top of the pyramid..

401

Why Infosys clock will tower over Old Joe and Big Ben

•February 7, 2016 • 4 Comments

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http://www.bbc.com/news/world-asia-india-35493758

Indian IT giant Infosys has said it plans to build the world’s largest free-standing clock tower at its campus in the southern city of Mysore.

When it is ready next year the Gothic-style tower will stand 135m (443 feet) tall, the firm says, dwarfing other clock towers around the world.

Currently the tallest free-standing clock tower is thought to be the 100m-high Old Joe in Birmingham in the UK.

Big Ben in London is just 96m in height (and is not free-standing anyway).

It is not clear if the Infosys clock will chime on the hour, as Big Ben does.

Infosys, which employs tens of thousands of people around the globe, says it should aspire to be the biggest and best in the world.

“Clock towers symbolise perfection, discipline and the way we do our work,” the company’s Executive Vice-President Ramadas Kamath told the BBC Tamil Service.

The firm claims its corporate training campus in Mysore is the largest such facility on the planet.

When built, the new clock tower will have 19 stories which will include meeting rooms, a visitor lounge, dining facilities and viewing galleries.

It will also be digital, unlike its clockwork rivals.

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“Clock towers symbolise perfection, discipline and the way we do our work,”

they are also phallic..but that didnt fit with the description..

“It will also be digital, unlike its clockwork rivals.”

cute..

401

Russia is creeping in on one of Saudi Arabia’s biggest oil customers..China

•February 7, 2016 • Leave a Comment

image

http://www.businessinsider.com.au/russia-vs-saudi-arabia-in-chinas-oil-market-2016-2?r=US&IR=T

Saudi Arabia has long trumped Russia in the Chinese oil market.

The Saudi share of Chinese crude imports at the beginning of the decade was around 20%, while Russia’s was below 7%, according to data cited by RBC Capital Markets.

But now the Russians are creeping in — and the Saudis are getting nervous.

“Russia is the biggest rival to the Saudis in the single-largest oil demand growth country in the world,” wrote RBC Capital Markets’ commodity strategist Michael Tran.

“The rising tide of Chinese growth has meant that notional volumes for both countries have increased in the years since, but Russia’s gains have been outsized,” he continued.

“The Kingdom now finds itself neck and neck with Moscow for the lead in Chinese market share, with both jostling in the 13-14% range, yet the momentum resides with the latter.”

Notably, the Saudis only managed to increase exports to China by about 120 kb/d over the last five years — a growth rate that was beaten by seven other countries including South Sudan and Colombia, according to figures cited by Tran.

Meanwhile, Russia increased exports by 550 kb/d in the same period.

Moreover, Russia even managed to overtake the Saudis as the biggest crude exporter to China during four months in 2015, continues Tran. Although this detail may not sound particularly impressive, it’s worth pointing out that the Saudis have lost the top spot only six times in the past five years.

Interestingly, part of Russia’s success in China has been attributed to its willingness to accept Chinese yuan denominated currency for their oil. (And not, as others have suggested, due to any sort of allegiance to the Sino-Russo friendship.)

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no wonder the sauds dislike the russians so much..

“Russia even managed to overtake the Saudis as the biggest crude exporter to China during four months in 2015″

they dont want to share the pie..

“Russia is the biggest rival to the Saudis in the single-largest oil demand growth country in the world,”

401

 
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