Commodities
He co-founded PayPal and sold it to eBay for a cool US$180 million profit. He could have retired rich and young (he was 32 then) but he needs to save the world. Elon Musk, the boss and architect of SpaceX, Telsa Motors and SolarCity is often compared to Tony Stark, the genius engineer played by […]
... written on Mar 31 2015When you were told to get ready for US$30 a barrel of oil price 4-months ago (December 2014), you probably had freaked out. By last month, however, you might have had laughed off the idea, since the crude oil (WTI) rallied from roughly US$44 to US$54 a barrel. Today, you may kick yourself, if you […]
... written on Mar 16 2015What’s the first thing that comes to mind when Venezuela is mentioned? Well, Miss Universe, of course. Pageants are such a serious business that it’s part of Venezuelan lives. But there’s something much bigger and serious than beautiful women in Venezuela – OIL. For the past many months, people have been talking about how low […]
... written on Feb 06 2015Superman was kinda bored so he just started flying around looking for something to do. He’s flying over Wonder Woman’s house and sees her bedroom window is open, with the gorgeous girl lying on her bed naked. He thinks to himself “I’m faster than a speeding bullet, I could fly down there, take care of […]
... written on Feb 04 2015Thanks to America and Saudi Arabia, Malaysians especially the Chinese have something to cheer during the coming Chinese New Year festival this month. Effective February 1, prices for fuel have been reduced by 21 sen to RM1.70 a litre (RON 95), 11 sen to RM2.00 a litre (RON 97) and 23 sen to RM1.70 a […]
... written on Feb 02 2015As we have promised, there would be more bitching and grumbling about global oil prices ever since Russia got itself deeper and deeper into an economic meltdown. Christmas will not be pretty and fun in Kremlin this year. Under Vladimir Putin’s instruction, Russian central bank has been propping up local currency Ruble in order to […]
... written on Dec 23 2014Six months ago in June, Crude Oil WTI was traded at above US$105 a barrel. In case you’re wondering, WTI (West Texas Intermediate), is the benchmark for Texas light sweet oil. About 6-months later today, the same crude oil is trading at US$57.50 (as of time this article is being drafted), losing more than 45% […]
... written on Dec 15 2014Starbucks Corp., the world’s largest coffee-shop chain has a new objective – to double food revenue to more than US$4 billion (£2.5 billion; RM13.8 billion) in the next 5-years. And how does it plan to do it? Interestingly, it plans to expand its lunch offerings with new menu – beer, wine and more stores. The […]
... written on Dec 05 2014Everyone was hoping for it to happen, but certain governments were praying it won’t materialise. We’re talking about global crude oil prices. The subject on petrol or gasoline is definitely going to dominate the news until it stabilises. It could make or break a country’s economy, especially when the country depends very much on petroleum […]
... written on Dec 05 2014Some important commodities are being whacked as we enter the month of December. Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, resulting in the glittering metal tumbled more than 2% at one point to US$1,142.90 per ounce. Copper also fell to as low as $6,230.75, breaching below its March low to hit its […]
... written on Dec 01 2014
