Category: Sectors

Aug 29

Peak cheap oil

Although Barclays Capital expects the crude market tightens by 2.4m barrels a day (bpd) this quarter, with little extra supply in sight, and  Goldman Sachs said the industry is chronically incapable of meeting global needs – “It is only a matter of time before inventories and OPEC spare capacity become effectively exhausted, requiring higher oil …

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Aug 28

Italy for sale #3

Bad news or a helping hand for those at work on the big sale of Italian assets? Martti Hetemäki, Vice-Minister of Finance and Kare Halonen, Secretary of the State Council of Finland are today in Rome for confidential meetings with members of the Italian government, to provide the Finnish recipe to drop the debt cake: …

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Aug 06

Concern on “fracking” in Europe

Concern arises, as Halliburton, Chevron and Exxon declare they are starting the ‘fracking’ process in Europe, The Ecologist reported. Hydraulic fracturing is the propagation of fractures in rock layers, as a result of the action of a pressurized fluid (Wikipedia) used to extract liquid or gaseous hydrocarbons. In the US, gas-extraction in the Marcellus Shale …

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Jul 27

Fall of Gods

Marchionne has to resign from ACEA position, otherwise Volkswagen will leave the organisation. This is not a result of the FIAT’s assets disastrous ‘financialization’ operated by its CEO, but the announcement made by the Wolfsburg group after Marchionne’s words criticizing the German giant for “being too aggressive in its pricing strategy when conditions are already …

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Jul 24

$21 trillion hidden from taxman by global elite

  A sum equal to the US and Japan GDPs flows out of wealthiest Countries to ‘tax havens’, being 81% of world financial wealth in the hands of 0,14% of world’s population A study by Tax Justice, a Network founded by the former McKinsey’s chief economist James Henry, reveals the huge dimensions of money leaks …

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Jul 21

Other top banks under investigation for LIBOR-EURIBOR rate-rigging

At least four more banks such as HSBC, Deutsche Bank, Société Générale and Crédit Agricole, could be implicated in the scandal of manipulations operated on the primary financial indexes in Europe and the world. Read artciles from Guardian and Sole24ore.

Jul 20

Catastroika

Like in the disastrous sale of public goods in the former Soviet Union and DDR in the early nineties of XX Century, a limited company is in charge of privatise goods and services in Greece, water and energy included. The authors of Debtocracy, a documentary with two million views broadcasted from Japan to Latin America, …

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