Andy Millette's blog

CNN recently ran a story on how congress wants to bring down the price of oil. Being that this is an election year and congress is polling at all time lows, it is understandable that they feel they need to do something. I mean, who wants to get fired from there job. But the big issue is if any of these new regulations will actually bring down the price of oil or will they make the matters that much worse Read more »

The reaction to the hostile take over of Anheuser-Busch by Belgian InBev is not at all surprising. During these tough economic times is when protectionism usually rears its ugly head. Just this week, two different websites were created to protest the move. SaveBudweiser.com has received over 34,000 signatures and SaveAB.com has received over 12,000 in only a matter of days. Read more »

CNN Money is reporting that Alexei Miller of Gazprom, the largest energy company in the world, that oil will rise to over $250 a barrel.

"NEW YORK (CNNMoney.com) -- If you think $135 oil is bad, you ain't seen nothing yet. That, at least, is the take from the head of the world's largest energy firm. Read more »

The other day I wrote about the currency crisis in Vietnam, and now today I read an article by the Telegraph which reports how this is starting to spread not only in Argentina, but all around the globe. Read more »

The Wall Street Journal reporting on the current currency crisis in Vietnam seems very similar to what is going on here in the U.S.

"The government said this week the inflation rate in May was 25.2% on an annual basis, up from 21.4% in April and 14.1% in January. A slow government response was in large part to blame. When oil and food prices began to rise late last year, the State Bank of Vietnam, hoping to sustain growth, was slow to rein in inflationary pressure by raising rates or clamping down effectively on irresponsible lending. Efforts to control inflation proved ineffective -- such as a loosening of the currency's dollar peg, which backfired largely because of lending practices." Read more »

If you are interested in getting a Pink Sheet listing, read the last paragraph.

Malcolm and I had a chance to attend the Hard Asset Conference in New York. I had the opportunity to meet with a few clients, a few advertisers, and a few of you we might be doing business with. I left New York with many impressions, but I would like to first say how much I enjoyed meeting everyone in person. It is great to place a face with a name, and to get to know each of you personally. Read more »

If you are like me, you might have been a believer in Peak Oil but it was just an abstract idea. Now, it is finally becoming more and more of a reality.

I was watching Squawk Box today and I saw this interview.

Peak Oil is finally getting some attention. After I watched this interview, I called my good friend Marc Porlier (who is a fellow writer on this site) expressing my concern about oil prices. To give you a little bit of history, Marc used to work on Wall Street as analyst with J.P. Morgan and consulted with hedge funds in the financial capital of the world. In other words, Marc ain't a kook. He is a "call it like I see it, take no prisoners kind of a guy". In other words, he is loved by a few, but respected by everyone. The kind of guy you want next to you in a fox hole; my kind of a guy. Our conversation goes something like this: Read more »