Epstein Secrets

stick, it's best not to make hollow threats. Roosevelt was wary of trying to enforce the American Open Door policy (for free access to markets) in the Far East because the U.S. couldn't compete there with the British, German, French, and even Russian and Japanese forces. Roosevelt acquiesced to Japanese co

cil, China refused to condone Russia's moves in Crimea. Moscow's annexation of Abkhazia and South Ossetia from Georgia was recognized by Nicaragm, Venezuela and two island nations in the South Pacific. That might be as many as will recognize the annexation of Crimea. I have generally been wary of the c

nistration, possible global shocks from economic and currency policies in China, and the risks of geopolitical mishaps in Europe, the Middle East and the Far East. This Recovery in Context—An Update This recovery has been the slowest of the 10 recovery cycles since WWII, as shown in Exhibit 3. Since the troug

hina, South Africa and Brazil—have negative outlooks from at least two rating agencies, raising the potential for downgrades.! A potential default by Venezuela and its national oil company could also sour sentiment, as could unfavorable tariffs or trade restrictions from the new US administration. Finally, t

Meeting 12 m November 2016 Agreed Cut 1.0 0.8 0.6 0.4 0.2 0.0 -0.2 -0.4 ran raq Libya UAE Total Algeria Angola Ecuador Kuwait Nigeria Qatar Saudi Venezuela Data as of November 30, 2016. Source: Investment Strategy Group, Bloomberg, OPEC. Exhibit 97: US Energy Sector Ratio of Capital Spending (Capex) to

ive years, namely Iran the UAE Global oil consumption BofAML OPEC capacjty growth, 2015-2020F 105 Kuwait mn bpd fcast uwail 100 , Algeria 95 Qatar 90 Venezuela Angola 85 3 Ecuador 80 Nigeria 15 UAE 70 Libya 65 Iran Saudi Arabia 60 87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17 19 -0.3 -0.1 0.1 0.3 05 Source

errill Lynch Global Research Exports are geared towards Asia and Far East Saudi Arabia exported c.1mbpd of oil products in 2014, mainly to Asia and the Far East (56%), other Middle Eastern countries (19%) and Western Europe (12%). Chart 61: Oil product export volumes split per region in 2014 Chart 62: Saudi

ource: Saudi Aramco, BofA Merrill Lynch Global Research Source: Saudi Aramco, BofA Merrill Lynch Global Research Exports are geared towards Asia and Far East Saudi Arabia exported c.1mbpd of oil products in 2014, mainly to Asia and the Far East (56%), other Middle Eastern countries (19%) and Western Euro

ion and development in the former Soviet Union Active in international oil and natural gas and gold in the former Soviet Union, Middle East, Africa, Far East and Latin America President and CEO, Grynberg Production Corporation Chairman and CEO, Transworld Resources Corporation Independent Oil, Gas, and Mi

-week intensive well log interpretation and 4-week advanced reservoir engineering courses in the U.S.A. (Austin, Texas and Denver, Colorado), Canada, Venezuela, England, France, Italy and the Middle East. Owner, Jack Grynberg and Associates, Consulting petroleum, petrophysical, geological and geophysical en