The workers’ strike at the world’s largest copper mine, Chile’s Escondida, shows no signs of stopping. With unions this week rejecting a request by management for a new
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This 14 Billion-Barrel X-Factor For Global Crude Prices Just Fired Up
Back from the wilds of Asia. Just in time to witness one of the most critical new field start-ups the global oil sector has seen in years. That’s
Prime Meridians – Did We Just Pinpoint This Decade’s Biggest Natural Gas Discovery?
This week in Pierce Points: Escondida workers financed their strike. Unions secured loans to pay employees, and now say they can last up to two months. Japan found shale
This Major Risk To Shale Production Is Subsiding, But Not Gone Yet
I’ve talked the last several months about a little-discussed looming issue in the shale patch. Earthquakes. A few weeks ago, Pennsylvania regulators made the first-ever connection between fracking
Demand From This Critical Gold Market Just Surged 82%
The biggest story in gold the past year has been India. With the world’s former largest gold importer seeing a 21% fall in shipments during 2016, to just
Here’s The Official New Number One Copper Supplier To China
I wrote in late January about how Peru has been squeezing Chile in terms of copper supply to China. And this week, it’s official. Peru is now the
Just Released: First-Ever Numbers On Economics For U.S. LNG Exports
The liquefied natural gas (LNG) market is returning to life. With prices in the critical Asia market stabilizing, on the back of news that China’s January imports surged
Did Strikers Just Grab The Upper Hand At The World’s Top Copper Mine?
The copper market got some good news on the supply front the last few days. With the Indonesian owners of the major Batu Hijau mine saying they have
Prime Meridians – One Shocking Chart On The Death Of A Gold Nation
This week in Pierce Points: Chile hobbled another mine. Regulators turned down a redevelopment plan to keep the El Soldado copper operation alive. Petronas made a rare asset sale. The
4.7 Billion Barrels Of Oil Just Vanished In This Troubled Play
It’s reserves reporting season in the oil and gas business. And one of the world’s biggest plays saw some major casualties this week as new numbers hit the