Episode 66 - India mad at US | Iran and US | Turkey and Egypt | Berkshire Hathaway and Oxy

Published: May 7, 2019, 1:07 p.m.

b'US Commerce Sec says US can\\u2019t ensure cheaper oil to India
https://www.reuters.com/article/us-usa-india-trade-oil/us-commerce-secretary-government-cannot-ensure-cheaper-us-oil-sales-to-india-idUSKCN1SC0PP
India is being pushed by the U.S. to cut imports from Iran and Venezuela, and India is looking for a deal. Wilber Ross said that the United States can\\u2019t arrange any special conditions for India. But could they? Perhaps offer incentives to companies to export to India?

US sends aircraft carrier to Middle East
https://www.bbc.com/news/amp/world-us-canada-48173357
What\\u2019s going on the Middle East? Tensions escalating? Sending air craft carriers to the region to counter a \\u201ccredible threat.\\u201d

Egypt warns Turkey not to drill in eastern Med
https://ahvalnews-com.cdn.ampproject.org/c/s/ahvalnews.com/east-mediterranean/egypt-warns-turkey-against-drilling-e-mediterranean?
Egypt and Cyprus have an agreement for natural gas drilling but Turkey says it doesn\\u2019t recognize this and wants to drill for natural gas in areas that it says belong to the Turkish Republic of Cypus

Belarus doesn\\u2019t know when Russia will be able to supply clean oil
https://uk.reuters.com/article/russia-oil-exports/belarus-does-not-know-when-clean-russian-oil-flows-to-europe-will-resume-source-idUKL5N22I29T
More on Russian oil contamination https://www.forbes.com/sites/ellenrwald/2019/05/05/russia-contaminates-its-oil-and-is-finally-forced-to-cut-production/#4048ffc069e3

There a lot more to this contaminated oil situation then just getting clean oil to flow - where to put all the contaminated oil that\\u2019s still coming through before the clean oil can come through.

Oil prices slump after Trump\'s tariff threat against China
https://www.reuters.com/article/us-global-oil/oil-prices-slump-after-trumps-tariff-threat-against-china-idUSKCN1SC00P
- will anyone run on Trump\\u2019s failure to get a deal done with China, especially if he keeps raising tariffs before the 2020 election?

Buffett says Occidental Petroleum investment is a bet on oil prices over the long term
https://www.cnbc.com/2019/05/06/buffett-says-occidental-petroleum-investment-is-a-bet-on-oil-prices-over-the-long-term.html
\\u201cIt\\u2019s also a bet on the fact that the Permian Basin is what it is cracked up to be,\\u201d - Warren Buffet
Buffet looking at oil demand long-term and sees it going up and to the right.
Occidental has agreed to sell of Anadarko\\u2019s African assets to Total
$10 billion backing from Buffet
$8 billion from Total
Anadarko\\u2019s assets are perfectly positioned for both Occidental and Chevron. Other companies might not be to well positioned.

https://markets.businessinsider.com/news/stocks/investing-in-saudi-arabia-risks-with-investing-2019-4-1028166314

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