Warren Faidley of the National Association of Storm Chasers discusses the size of the tornado that tore through Oklahoma, the role of storm chasers and how they keep themselves safe.

R.I.P. to the victims.

This sort of sums of how I felt after watching the Congressional testimonies of U.S. Attorney General Eric Holder and IRS Tax Chief Steven Miller.  

I'm having trouble trying to keep track of all the scandals in Washington, D.C.!

Bon weekend!

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Contact

George H. Stein, CFA, Managing Director, Commodity Talent LLC
M +1 917 545-9850 T +1 646 205-3557 ghstein@commoditytalent.com

Published on May 13, 2013

by Jake Sherman and Lauren French

Scandal politics are sweeping Capitol Hill.

Just days after news broke that the IRS targeted conservative nonprofits, Speaker John Boehner’s House committees will morph into mock courtrooms where the White House will be the defendant in what amounts to a number of high-stakes political trials.

The most recent scandal to grip the Obama administration came Monday evening, when The Associated Press disclosed that the Justice Department sought its reporters’ phone records — including those of correspondents who sit in the Capitol. Within hours, House Republicans vowed to investigate. To make things worse for President Barack Obama, Attorney General Eric Holder is scheduled to be on Capitol Hill Wednesday for a House Judiciary Committee hearing.

That’s hardly the president’s only problem.

Two separate committees — Oversight and Government Reform, and Ways and Means — will probe whether the IRS was treating right-leaning groups unfairly. Republicans ...

A steeper-than-expected rise in US shale oil reserves is about to change the global balance of power between new and existing producers, a report says.

Over the next five years, the US will account for a third of new oil supplies, according to the International Energy Agency (IEA).

The US will change from the world's leading importer of oil to a net exporter.

Demand for oil from Middle-East oil producers is set to slow as a result.

"North America has set off a supply shock that is sending ripples throughout the world," said IEA executive director Maria van der Hoeven.

The surge in US production will reshape the whole industry, according to the IEA, which made the prediction in its closely-watched bi-annual report examining trends in oil supply and demand over the next five years.

The IEA said it expected the US to overtake Russia as the world's ...

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Hiring remains brisk amid the worldwide offshore petro-boom with demand centering upon experienced professionals and rig workers alike.

Key organizations expect the number of available jobs in the offshore drilling sector will keep growing — but at very different rates, depending on the field of specialty.

For example, demand for petroleum engineers will grow at 17 percent between 2010 and 2020, or about as fast as average for all other occupations, according to the U.S. Bureau of Labor Statistics (BLS). 

BLS also expects employment of oil and gas workers to increase, but by less than half the pace of petroleum engineers, or only 8 percent, from 2010 to 2020. 

"Because of higher prices for resources, oil and gas companies are more likely to drill in deeper waters and harsher environments than in the past. These complex operations require more workers," said BLS in its "Occupational Handbook for 2012".

"Higher prices ...

Breaking Inequality is a documentary film about the corruption between Washington and Wall Street that has resulted in the largest inequality gap in the history of America

You cannot strengthen the weak by weakening the strong.

You cannot help small men by tearing down big men.

You cannot help the poor by destroying the rich.

You cannot lift the wage earner by pulling down the wage payer.

You cannot keep out of trouble by spending more than your income.

You cannot further the brotherhood of man by inciting class hatreds.

You cannot establish security on borrowed money.

You cannot build character and courage by taking away a man's initiative and independence.

You cannot help men permanently by doing for them what they could and should do for themselves. 

Abraham Lincoln

16th President of the United States 

Note:  Some sources attribute this quote to Lincoln.  However, other sources report that the author of these words of wisdom is the Rev. John Henry Boetcker.

by Tyler Durden

One year after the infamous Jamie Dimon "tempest in a teapot" fiasco, which promptly turned out to be the biggest TBTF prop-trading desk debacle in history, things were going well for JPMorgan.

On one hand, the chairman of the TBAC (and thus US Treasury advisor and policy administrator), and former LTCM trader, Matt Zames, was just recently promoted to the sole second in command post at the biggest US bank (and 2nd biggest in the world) by assets, and first in line to take over from Jamie Dimon. On the other hand, one of Mary Jo White's former co-workers, and a JPM defense attorney from Debevoise just became head of the SEC's enforcement division, in theory guaranteeing that the US government would never do more than slap the wrist of JPM in perpetuity.

And then, when everything seemed like smooth sailing ahead, the Federal Energy ...

Brazil's budding oil industry continues to garner global attention as the country discovers and develops large amounts of oil in the offshore pre-salt blocks. There's an estimated 14 billion barrels of proven reserves that lie off the coasts of Rio de Janeiro and Espirito Santo, according to the U.S. Energy Information Administration (EIA). In addition to having a lot of oil, the country holds high-quality light sweet crude oil – a commodity that is in high demand.

These pre-salt discoveries can potentially make Brazil the sixth largest oil producer in the world by 2035. With this in mind, Petroleo Brasileiro S.A., or Petrobras, invested $43 billion in 2010, and then planned a $225 billion investment for 2011 to 2015. The company expects to lift its oil production within Brazil from 2 to 3 million barrels per day by 2015 to 4.9 million by 2020, according to ...

R.I.P. Chris Kelly...

Enjoy!

God, please help the U.S.A.!