Cervantes

Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.

MIGUEL DE CERVANTES
Don Quijote de la Mancha.

28 de diciembre de 2015

Oil Prices Have Hit An 11-Year Low, And That's Exactly What Saudi Arabia Wants

Where do things go from here? Nobody really knows.

12/21/2015 05:19 pm ET
  • Ben Walsh Business Reporter, The Huffington Post
Danny Lawson/PA Wire
The last time oil was this cheap, the world was in the middle of the worst financial crisis since the Great Depression.
As the price of oil falls below $36 for the first time since the end of 2008, the problem now isn't fear of economic catastrophe, but simply that there's just too much oil. Years of $100-a-barrel prices have spurred greater production in places like the U.S. shale fields, where high drilling costs used to mean that it didn't make sense to look for fuel there.
NYMEX
OPEC, the 12-nation cartel that controls almost one-third of the world's oil output, couldn't agree to cut production at its meeting in early December. OPEC nations with huge cash reserves, like Saudi Arabia, are content to keep pumping to cling to their market share -- a strategy that fellow OPEC nation Venezuela considers a "catastrophe," The New York Times reports.
The divisions within OPEC are mirrored in the views of investors, where there's virtually no consensus on what's going to happen next. Hedge fund manager Leon Cooperman expects oil prices to self-correct, mainly because he thinks that's what they should do. Legendary energy trader John Arnold, on the other hand, believes half the U.S. energy industry could go out of business.
Arnold implied earlier this month that as long as the U.S. oil industry is teetering on the edge of failure, there's no reason for OPEC to try to raise prices.

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(III) La Revolucion no sera transmitida

(IV) La Revolucion no sera transmitida

(V) La Revolucion no sera transmitida

(VI) La Revolucion no sera transmitida

(VII) La revolucion no sera transmitida

(VIII) La Revolucion no sera transmitida

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