by Robert Rapier, Investing Daily
When I first went to work for ConocoPhillips (NYSE: COP), I worked on technology development. I had spent the previous seven years working in the chemical industry, and didn’t know all that much about the oil industry. My first job at ConocoPhillips was helping with a gas-to-liquids process in which we took natural gas and converted it into diesel, in a process very similar to that in Shell’s (NYSE: RDS-A) Pearl GTL plant in Qatar.
December 2014 Philly Fed Manufacturing Survey Declines Retracing Last Month's Spike, Index Remains Relatively Strong.
December 18th, 2014
in latin and south america
The United States and Cuba on Dec. 17 took their most assertive step in several decades toward normalizing relations. The most important announcements concerned the resumption of high-level political discussions focused on renewing formal diplomatic ties between the countries, which have been nonexistent since 1961. Cuban and U.S. officials will hold high-level meetings in the coming months, and the two countries will work toward establishing embassies in Havana and Washington. The United States will also immediately relax some sanctions on trade and travel to Cuba.
Age of Wisdom, Age of Foolishness (54)
“No More Tantrums.”
“They’re creepy and they’re cookey.
The Statements are quite spooky.
Their policy is flukey.
Yel – lens F-O-M-C.”
(Age of Wisdom, Age of Foolishness (52) “Deathly Hallows”)
Following on, from the October FOMC meeting, the Fed smoothly eased into tightening mode. Janet Yellen formally confirmed that tightening mode has been entered, at the Bank of France conference in Paris a few weeks later; and also warned that this period would involve considerable volatility.