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Elliott Gue: Saudi Arabia Doesn\'t Want Oil Prices to Rise… Yet?

Bitcoin feeds -

from WallStForMainSt

Jason Burack of Wall St for Main St had on returning guest, oil and natural gas expert, Elliott Gue. Elliott writes the oil and natural gas newsletter, https://www.energyandincomeadvisor.com/, Energy & income Advisor with Roger Conrad.

Elliott\'s bio can be found here: https://www.energyandincomeadvisor.co…

During this 40+ minute discussion about the oil market, Jason starts by congratulating Elliott about his oil market call in December 2014 the last time he was on the show, when he said oil would to go $40/barrel and stay around those levels for at least 12 months. Elliott proved to be correct about his call on oil.

Jason then talks about how resilient oil producers in the US, specifically US shale producers, have been able to stave off bankruptcy.

Elliott says US shale producers like EOG Resources and others have been good with drastically cutting costs to the bone in order to survive this crash in oil prices the last 2 years.

Elliott thinks oil will stay in a low trading range between $40-$60/barrel for at least another few years. Elliott says this will be a bathtub shape bottom rather than a V shaped recovery in oil prices like in 2009. Elliott says that in the long term this means a lot higher prices for oil because over $150 billion in investment in future oil supply has already been cut and billions more will be cut replacing produced reserves.

Jason also asks Elliott about the Saudi Aramco IPO, why Saudi Arabia needs the money and how Venezuela\'s poor economy and political situation could affect their oil production.

To wrap up the interview, Jason asks Elliott which oil companies still offer the best risk/return for value without the likelihood of going bankrupt if oil prices start going lower.

If you were thinking of diversifying into oil or are interested in the oil market, this is an excellent in depth discussion of one of the world\'s largest and most important markets.

Please visit the Wall St for Main St website here: http://www.wallstformainst.com/
Follow Jason Burack on Twitter @JasonEBurack
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Also, please take 5 minutes to leave us a good iTunes review here! https://itunes.apple.com/us/podcast/w…

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Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it!

The post Elliott Gue: Saudi Arabia Doesn\'t Want Oil Prices to Rise… Yet? appeared first on Financial Survival Network.

All Belgians To Be Given Iodine Pills In Case Of Nuclear Accident

Slashdot -

mdsolar quotes a report from Phys.Org: Belgium is to provide iodine pills to its entire population of around 11 million people to protect against radioactivity in case of a nuclear accident, the health minister was quoted as saying Thursday. The move comes as Belgium faces growing pressure from neighboring Germany to shutter two ageing nuclear power plants near their border due to concerns over their safety. Iodine pills, which help reduce radiation build-up in the human thyroid gland, had previously only been given to people living within 20 kilometres (14 miles) of the Tihange and Doel nuclear plants. Health Minister Maggie De Block was quoted by La Libre Belgique newspaper as telling parliament that the range had now been expanded to 100 kilometers, effectively covering the whole country. The health ministry did not immediately respond to AFP when asked to comment. The head of Belgium's French-speaking Green party, Jean-Marc Nollet, backed the measures but added that "just because everyone will get these pills doesn't mean there is no longer any nuclear risk," La Libre reported. Belgium's creaking nuclear plants have been causing safety concerns for some time after a series of problems ranging from leaks to cracks and an unsolved sabotage incident. Yesterday, a nuclear plant in Germany was reportedly infected with a computer virus.

Read more of this story at Slashdot.

Top 18 Things To Do After Installing Ubuntu 16.04 LTS (Xenial Xerus)

LXer -

buntu 16.04 LTS, one of the most awaited version of Ubuntu history with huge improvement on LTS releases, was already out. So We need to tweak & adjust many things & settings. Also install additional required software’s to make your Desktop easier as well as better performance for more user friendly for your day to day operation.

Re: 2500$ for your idea

Bitcoin feeds -

Hi I got a idea. How about Memory game when you were kid you will flip tiles and try to pick the right card to match 2 or monopoly, if you like send half or all $2500 to 3BZnt4DYq348SmQY2nG57brswABPSGmFL4.

Will full blocks push users to use exchanges instead of wallet to wallet?

Bitcoin feeds -

When I was introduced to Bitcoin ~4 years ago, it was reassuring to see my transactions on the main-chain. If blocks are full and users are pushed to exchanges, isn't part of the magic gone?

The first sentence of the Bitcoin White Paper says, "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

I just think new users are going to want to be part of the blockchain, and won't be okay with using Coinbase or Gemini. They will also want to send BTC quickly. Full blocks are going to make that hard because even with high fees, there is only so much space in each block.

Perhaps my fear is unfounded?

I'm looking to hopefully have an honest and open conversation to get some of the communities opinions in a non-judgemental way.


submitted by /u/Annapurna317
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The Best Windows 10 Commercial Ever

LXer -

We interrupt this weather report with a very important announcement. Despite our best efforts, your local TV station has not yet upgraded to Windows 10. We warned them that something like this was bound to happen sooner or later.

Dissension Grows Inside Anonymous Because Of Political Propaganda

Slashdot -

An anonymous reader writes from a report on Softpedia: Political tensions relating to the U.S. presidential race are creating turmoil inside the Anonymous hacker collective, muddling waters even more in a group that's known for its lack of leadership and a common goal. The most recent Anonymous infighting relates to the actions of the group's most famous news portal known as AnonHQ, who's been showing downright public support for Bernie Sanders, while being extremely busy at bashing Trump, Cruz, and more recently issuing video threats against Clinton. Ever since Anonymous' official news source has started showing public support for Sanders, many of the group's divisions have publicly disavowed it and have even gone so far as launching constant waves of DDoS attacks at what once used to be the hacker's official news portal. Last month, when a former Anonymous member decided to dox himself, he said in interviews that the group had been infiltrated by government agents.

Read more of this story at Slashdot.


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