from King World News
a legendary trader and investor warned King World News that we are
getting very close to the point where all hell is going to break loose
in major markets. He also warned about what is happening in Europe and
how that will play into the coming chaos. Victor Sperandeo has been in
the business 45 years, and has worked with famous individuals such as
Leon Cooperman and George Soros.
Incredibly, Sperandeo was interviewed in Barrons in September of
1987, where, with astonishing accuracy, he predicted that the stock
market would crash. The market crash took place one month later and it
just added to his legendary reputation. Below are the warnings issued by
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zerohedge.com / by Tyler Durden / 10/14/2014 10:19
Submitted by Chris Pedersen via OilPrice.com,
As oil prices continue to fall, analysts and producers are trying to
wrap their heads around the reasons and identify a floor price. Even
though crude benchmarks like Brent and WTI keep dropping, the cost of
finding oil continues to rise. What are some of the key drivers that have created this paradox?
1. The U.S. Oil Boom
America’s oil boom is well documented. Shale oil production has grown by
roughly 4 million barrels per day (mbpd) since 2008. Imports from OPEC
have been cut in half and for the first time in 30 years, the U.S. has
stopped importing crude from Nigeria.
2. Libya is Back
Because of internal strife, analysts have until recently assumed that
Libya’s output would hover around 150,000-250,000 thousand barrels per
day. It turns out that Libya has sorted out their disruptions much
quicker than anticipated, producing 810,000 barrels per day in
September. Libyan officials told the Wall Street Journal last week that
they expect to produce a million barrels per day by the end of the month
and 1.2 million barrels a day by early next year.