July 29, 2014

Linking Earthquake and Fracking Could Be An Oil Industry Game Changer

By Samuel Glasser, Black & Veatch via  Commodities Now 
London, July 2014
The idea that recent sequential earthquake activity, particularly in Ohio and Oklahoma, is related to hydraulic fracking and water disposal operations is gaining traction in some key drilling states - Black & Veatch.
While there is no hard data to conclusively support the theory, action on the part of regulatory agencies will potentially present oil and gas companies with a fresh set of challenges – and opportunities.

The Long Game of Israel and Palestine

By George Friedman for Stratfor Global Intelligence 

We have long argued that the Arab-Israeli conflict is inherently insoluble. Now, for the third time in recent years, a war is being fought in Gaza. The Palestinians are firing rockets into Israel with minimal effect. The Israelis are carrying out a broader operation to seal tunnels along the Gaza-Israel boundary. Like the previous wars, the current one will settle nothing. The Israelis want to destroy Hamas' rockets. They can do so only if they occupy Gaza and remain there for an extended period while engineers search for tunnels and bunkers throughout the territory. This would generate Israeli casualties from Hamas guerrillas fighting on their own turf with no room for retreat. So Hamas will continue to launch rockets, but between the extreme inaccuracy of the rockets and Israel's Iron Dome defense system, the group will inflict little damage to the Israelis.

Busy IPO Week Brings The Biggest IPO Since Facebook

By William Hubbard for Benzinga

This should be a big week for initial public offerings, with 23 new issues on the docket, 
including Synchrony Financial (NYSE: SYF), the biggest IPO since Facebook (NASDAQ: FB).
Founded in 1932, Synchrony Financial is one of the largest consumer credit lenders in the United States. Through a network of retailers, merchants and manufacturers, Synchrony operates across more than 329,000 locations in the United States and Canada.

Yellen: Where No Man Has Gone Before

By Peter Schiff
Although Fed Chairwoman Janet Yellen said nothing new in her carefully manicured semi-annual testimony to Congress last week, her performance there, taken within the context of a lengthy profile in the New Yorker (that came to press at around the same time), should confirm that she is very different from any of her predecessors in the job. Put simply, she is likely the most dovish and politically leftist Fed Chair in the Central Bank's history.  

July 28, 2014

'Bizarre' Can't Even Begin To Describe the Current Market

By Philip Springer for Investing Daily 
U.S. stocks continued to inch to new all-time highs this week (before Friday’s sell-off), fueled primarily by solid corporate-earnings reports and despite increased conflict in the Middle East.

As far as stocks are concerned, the strangest development this week had to be William Ackman’s latest attempt to deliver what he termed a “death blow” to Herbalife Ltd.