2. The EU will stumble along for awhile, but the end game is obvious. Last year the Greeks were unable to pay for imported natural gas; apparently there is already talk of massive blackouts in Greece this summer.
3. The Mideast: a few data points --
- The US sees Al-Qaeda footprints (fingerprints?) in Syria
- US appears ready to give in to Iran's goal to continue nuclear enrichment program if done slowly
- Benjamin Netanyahu has his coalition
- Egypt is about ready to implode -- if it hasn't already -- I guess it depends on one's definition of implosion
- And, Saudi has stockpiled 80 million bbls of oil without getting into details to explain why, except to say "world conditions"
5. A CNBC talking head speaks with confidence that "we" won't test $90 oil any time soon.
6. Last ditch effort to save Greece. The rising political star and possibly next leader of Greece says he will not attend the government's last meeting to try to keep Greece in the EU. Where is George Soros when you really need him?
http://www.guardian.co.uk/environment/2012/may/14/north-dakota-oil-boom-rich
ReplyDeletehttp://www.guardian.co.uk/environment/2012/may/14/north-dakota-riding-oil-rush
Williston is now the fastest growing micro-city in America. Some projections suggest that the town, which a few years ago had a population of 10,000, could soon be home to 100,000.
Wow, great link from England newspaper! I did post link regarding Williston as fastest growing micro-city in America a few weeks ago.
DeleteBut this is a great article, and a great photo.