In today’s Money Morning, underinvestment in US shale oil is looking likely to impede its growth prospects. Investors should be concerned about the ramifications of this development for the global economy. Also, Indian demand for oil is sparking a new investment boom, and investors should be excited for its long-term potential…
ASX edges higher on big reporting day. Fisher & Paykel, Whitehaven, City Chic, and Liontown Resources all feature.
Santos says it has hit new records in production, sales, and cash flow yet the oil and gas stock sees its share value drop.
In its quarterly activities report released on Thursday, BHP Group says iron ore production reached a new record.
What a wonderful bunch of mental defectives and pompous poseurs. We speak of the whole Davos crowd…as well as their pet economists. It must be delightful — in a childish way, of course — to think you can not only foretell the future…but actually improve it before it happens.
In today’s Money Morning, fears of a global slowdown continue to mount. Find out how Vern Gowdie sees markets unfolding in 2023 and his warning on how to prepare for the worst. Also, see how US oil and gas production saved us from additional pain in the fallout of 2008 and how it could be the catalyst that leads to more investor pain in 2023…
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