Teach a parrot the words "supply and demand" and you've got yourself an economist. So runs an old quip widely attributed to the long-deceased Scottish economist Thomas Carlyle. Supplies increase... prices decrease. And vice versa. Everything else is just talk.
OK, so what does that have to do with the price of eggs? Much, no doubt. But our mind is on oil today...
The American shale oil boom has Saudi Arabia over a barrel, if you'll forgive the expression. The flood of new U.S. oil supplies has suppressed the price of Saudi crude -- practically the kingdom's sole source of national income.
God only knows how much money they've lost in recent years to the American energy renaissance. And they'd love to strangle that baby in its crib.
What to do if you're the Saudis? Simple. You cut oil production. Take some of the goo off the market, let the iron laws of economics do their voodoo and watch prices rise. Problem solved.
So to the surprise of precisely no one, the greedy SOBs finally did it this week... they pledged not to cut oil production.
"Wait, what?"
Yes, that's correct. Not only are the Saudis maintaining current levels of production... they're actually reducing the prices of all their oil exports. "Holy cow!" a theoretical reader shrieks.
"But doesn't that, like... break all the rules you just jabbered about?"
Well, sort of (condescending, professorial tone).
"And wouldn't that sabotage their own economic interests?"
Um, yes, you would think (puzzled, mildly irritated).
"Who does that?"
(Awkward silence. No more questions!)
Even a damn parrot knows the Saudis should be slashing oil production.
What's behind the Saudi whim-wham? And why must every soul with even a dollar in the market know the answer -- pronto?
Fortunately, we have a pro's pro on hand to sort it all out. Trust us, you want his take on this latest game-changing move by the Saudis. We'll get to him in just a minute. But first...
Here are 5 Things You Need to Know This Week.
Feel Confident Now?
We bring you the reassuring news that Fed head Janet Yellen and Treasury Secretary Jack Lew have rolled up their sleeves, spit upon their hands and gotten down to work. They met in an unspecified NYC location Monday to figure out how to handle a major bank collapse. Hmmm... we wonder if they know something we don't. The Dow is crashing, after all. And aren't you relieved that your entire financial future rests in such steady hands? (We bridle our mirth out of a sense of decorum almost certainly misplaced. But it gets harder by the day.)
Click here now for the details.
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Your Shot at Life-Changing Wealth:
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The Hottest Country Within the Next Five Years Will Be -- Korea?
No, not South Korea... but plain old, "Korea." That's what legendary investor Jim Rogers predicts.
Opines Mr. Rogers: "A lot of things are happening already, more than I realized... Everything I am telling you is happening now. It is not something that is going to happen."
Click here now for the story no one's talking about.
agorafinancial.com/2014/1...crude-craters-now-what/#1
Plug in Your Electric Toothbrush... to the Internet?
You've been biting your nails to the nub in anticipation. And now it's here -- the toothbrush connected to Bluetooth!
It records data, such as how you brush your teeth, and how often. Your mother couldn't possibly hold a candle to it. The data are linked to dental professionals, whose advice you can solicit. It's part of the emerging "Internet of Things."
What the deuce is that? Well, just what it says, silly. And it will revolutionize the world.
This "Internet of Things" can also make early investors fortunes. And our tech wizard, Ray Blanco, has identified one company at the center of it he thinks could rack up gains of up to 732%. Soon.
Click here to learn more.
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"I believe we are in the midst of one of the greatest profit opportunities you're ever going to see in your lifetime"
These are the words of our FDA Trader editor, Paul Mampilly. He adds...
"Right now, we are in the early innings of the greatest profit opportunities of the 21st century. A biotech boom that's about to hit epic proportions thanks to Ebola... If I'm right, we are going to see Ebola in New York. Ebola in Los Angeles. San Francisco and Miami. And when this happens, every single stock that has anything to do with Ebola is going to soar."
Paul sees some of those companies rising up to 1,000%. We deal with Paul directly, and we can assure you... he doesn't kid around. In fact, he despises typical marketing hype. Our advice:
Click here now to learn what to do next.
agorafinancial.com/2014/1...me-to-seize-the-moment/#1
And Finally... Another Oil War? Oil is in headlong retreat. And the Saudis, of all people, are spearheading the exodus from the battlefield. Something doesn't jibe.
Could it be... that the Saudis are conspiring with their American frenemy to lower oil prices? Psst... you didn't hear it from us... but lower prices also hurt Russia and Iran by forcing down the prices of their oil exports. And what two countries are foremost in Washington's and Riyadh's doghouses? Hey, we're just sayin'...
Or are our Saudi pals merely undercutting us? And how long can the Saudis play this game before it comes back to bite them in the backside? Questions, questions...
Click here now for some answers. Real answers.
agorafinancial.com/2014/1...crude-craters-now-what/#2
Enjoy the spectacle. And hold onto your wallet.
Brian Maher
Poster Comment:
Lots of good info here. Take your pick. ;)