Word: oiled
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...American stocks? (He doesn't.) Second, China is emerging, and even though it may have crises from time to time, it is a good place to invest. (He does.) Third - and this is the biggie - emerging nations including China are greatly increasing the future demand for commodities such as oil. (He's in with both feet...
...economy, and now they are trying to live like we do," he notes. That emerging megaforce, says Rogers, will put a supertight squeeze on commodity prices across the board, from beef to bullion. For the unconvinced, he pulls out a chart showing the average daily per capita consumption of oil in the U.S. at 0.677 bbl., vs. India's infinitely smaller consumption (0.021 bbl.) and China's (0.049 bbl.). "Even if the Chinese and Indians just start consuming as much electricity as Koreans now do, the price of oil will take off," he says. (See the best business deals...
...latest indication that Citi is for sale came on Oct. 9. The bank sold its Phibro commodities-trading unit to energy and chemical giant Occidental Petroleum. Oxy Pete will pay $250 million for the unit, which specializes in oil and gas trading. Phibro is not a huge business for Citigroup. But it was one of the few businesses that continued to make money for the giant bank during the credit crisis. Phibro and Citi's global payment-processing business have long been seen as two areas in which the bank outperforms its competitors. Now one of Citi's profit jewels...
...part of the refining process, oil companies use electric fields to separate the oil and water both present when oil is drilled. That process of electrocoalescence, an amped-up version of what naturally occurs with oil and vinegar in salad dressing, uses electric fields to make oppositely charged water drops coalesce with one other, which helps fully separate them from the oil...
...Qaeda's provocative remarks. Beijing has remained on the sidelines in the war on terror, watching the U.S. and other European nations become mired militarily in Afghanistan. But China's profile in the Muslim world still grows with its economic ambitions and interests. China's bottomless appetite for oil has led to its companies investing in every country along the Persian Gulf and other Muslim states. Chinese funds and labor are behind oil and gas fields from Sudan to Turkmenistan and are shaping lucrative megaprojects like the massive Aynak copper mine in Afghanistan...