We can thank the shale companies for their hard work producing tight oil, which we export nearly half. Amazingly, the U.S. exports more oil now than what Iran, Kuwait, or the UAE produces. The U.S. shale industry is exporting the highest-cost oil at bargain-basement prices…
European natgas inventories took a Big Hit this week as a record Cold-Snap hit the region. Could this be a bad omen for Europe’s natgas supply and demand situation this winter? We will see… but the situation in the U.S. couldn’t look any better as natgas inventories hit a 5-year high…
Can new mining projects in the next few years halt the ongoing decline in the global silver mine supply? Logic suggests this… but it hasn’t been the case since the world’s silver production peaked in 2016. Even with 60 million oz of new silver supply, global mine production grinds lower…
It’s one thing when the Western wind power companies lose money, but another thing entirely when it happens to the largest firm in China. Why? China is supposed to be the lowest-cost producer in the world. This is just another nail in the coffin for the Green Energy Industry…
Well… there have been some interesting things happening in the Silver Market that I thought I’d share in this update. You have to see how much silver India imported last month… WOW!! I also answer some of the excellent questions from the GoldMoney post…
Some strange things are happening in the precious metals industry. I was quite surprised to see GoldMoney announce its second commercial property purchase when the world is supposedly heading toward economic uncertainty and financial turmoil…