Tag: Marin Katusa

Will an OPEC Nation’s Runaway Inflation Spark an Oil Bull Market?

Posted on by The INO.com Team

By Marin Katusa, Casey Research

In the third century, greed got the best of Rome's emperors. As they spent through the silver in the treasury, one emperor after another reduced the amount of precious metal in each denarius until the coins contained almost no silver whatsoever.

It was the world's first experience with currency debasement and hyperinflation. As people saw the value of their savings evaporate, society grew angry and demanded a scapegoat. Christians became that scapegoat, and Romans turned on them with incredible violence.

This pattern – currency debasement leading to social upheaval and violence – would repeat many times over. Continue reading "Will an OPEC Nation’s Runaway Inflation Spark an Oil Bull Market?" →

The Race for Energy Resources Just Got Hotter

Posted on by The INO.com Team

By Marin Katusa, Casey Research

Malaysia's state-owned oil and gas company just made a multibillion-dollar bet that Canada will choose to export its shale gas riches. Even though the odds of securing permission to export liquefied natural gas (LNG) from the Canadian west coast are still pretty poor, the costs of such an endeavor immense, and the timeline in question very long, Petronas is putting $5.5 billion on the table – far more than it has ever spent on an acquisition before – to secure a large foothold in the British Columbia shale gas scene.

It's yet another sign that things are getting serious in the global race for resources. Continue reading "The Race for Energy Resources Just Got Hotter" →

Which Course Will North American Natural Gas Producers Choose?

Posted on by The INO.com Team

By Marin Katusa, Casey Research

News of a "monster" natural gas find in British Columbia has one again highlighted that North Americans need to make a choice. Do we want to keep the huge volumes of natural gas that have been discovered in recent years across the continent landlocked and transportable only by pipeline, or should we develop the infrastructure that will enable us to transport this fuel to the gas-hungry markets of Asia? Continue reading "Which Course Will North American Natural Gas Producers Choose?" →

Coal and Shale Gas: American's Energy Siblings Are Locked in Rivalry

Posted on by The INO.com Team

By Marin Katusa, Casey Research

Competition is supposed to make competitors stronger, but when it comes to the battle between coal and shale gas for supremacy as the United States' power-generating fuel of choice, the rivalry instead has each commodity holding the other down.

Coal is the reigning champ is this competition, having provided at least 50% of the electricity consumed in the United States for many decades. Continue reading "Coal and Shale Gas: American's Energy Siblings Are Locked in Rivalry" →

So Long, US Dollar

Posted on by The INO.com Team

By Marin Katusa, Casey Research

There's a major shift under way, one the US mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country's importance in the world: the demise of the US dollar as the world's reserve currency.

For decades the US dollar has been absolutely dominant in international trade, especially in the oil markets. This role has created immense demand for US dollars, and that international demand constitutes a huge part of the dollar's valuation. Not only did the global-currency role add massive value to the dollar, it also created an almost endless pool of demand for US Treasuries as countries around the world sought to maintain stores of petrodollars. The availability of all this credit, denominated in a dollar supported by nothing less than the entirety of global trade, enabled the American federal government to borrow without limit and spend with abandon. Continue reading "So Long, US Dollar" →