Bloomberg: Oil’s Next Big Boom: Latin America Looks to Become Global Powerhouse

Date: 2019-09-07 00:54:56 Sep.06 — Mexico and Venezuela have long been the oil powerhouses of Latin America. But with political uncertainty and market volatility mounting, a new generation of oil producing counties are set to transform the region. Bloomberg’s Alix Steel dives deep into South America’s oil prospects to uncover the opportunities for homegrown companies, international oil giants and investor appetite. She examines the potential for Colombia, Guyana, Brazil and Argentina to transform Latin America into an oil production powerhouse.

UNL: Unable To Cope With Excessive Supply, But The Weather Pattern Remains Supportive – United States 12 Month Natural Gas Fund, LP (NYSEARCA:UNL)

Investment thesis In our last release on the United States 12 Month Natural Gas Fund LP (UNL), our bearish view has not materialized, as Hurricane Dorian boosted fears of renewed supply disruptions in the commodity sector. Yet, with an unfriendly-price seasonality and strong injections into storage in the month of September, we maintain our bearish stance on the complex and UNL. Besides and even if net speculative bets surged in the last two weeks, the natural gas positioning continues to be stretched to the downside. Finally, the weather pattern is…

LSE’s Pissarides on Brexit, European Economy

Date: 2019-09-06 10:34:25 Sep.06 — London School of Economics Regius Professor of Economics Christopher Pissarides discusses the post-Brexit future of the U.K., the ability of monetary policy to handle political shocks, and the state of the European economy. He speaks with Bloomberg’s Francine Lacqua at the Ambrosetti Forum in Cernobbio, Italy, on “Bloomberg Surveillance.”

A Nobel-Winning Economist Goes to Burning Man

BLACK ROCK CITY, Nev. — It was dusk on the opening night of Burning Man, and the makers and misfits were touching up their art projects and orgy dens. Subwoofers oontz-oontzed as topless cyclists draped in glowing LEDs pedaled through the desert. And Paul Romer, a reigning laureate of the Nobel Prize in economics, sat on a second-story porch at the center of it all, marveling at a subtlety of the street grid. The roads narrowed as they approached small plazas around the impermanent city. How clever, he thought, this…

Managed trade is back, but don’t mistake its return as proof that free trade doesn’t work

Part of an ongoing series that looks at changes one year after the global trade wars ignited. In the summer of 2017, Jeff Rubin, the former Bay Street economist who predicted oil would one day cost more than $200 per barrel, came up with another doozy. Or at least I thought he had. Rubin, who made his name at CIBC World Markets in the 1990s and early 2000s, published a paper that argued Canada should ditch Mexico and try to return to something resembling the Auto Pact that it signed,…