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Oil, Gold and the US $


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GOSS TIME ! http://www.sharescene.com/html/emoticons/smile.gif

 

Personnel movements update

 

 

 

Wednesday, August 17, 2005

CHRIS Brown, Mark Balfour, Ian Wang, Sydney Gas Ltd; Dr John Rose, Rory Argyle, Dr Ashton Calvert, David McEvoy, Woodside Petroleum Ltd; Frank A Risch, Pioneer Natural Resources; RA 'Al' Walker, Jim Larson, Anadarko Petroleum Corporation.

 

SYDNEY GAS LTD has replaced its company secretary, with chief financial officer Chris Brown taking over from Mark Balfour in this role. Brown has previous company secretary experience. Balfour is returning to Perth where he conducted a legal practice before joining Sydney Gas. Chief explorationist Ian Wang has also left the company.

 

WOODSIDE PETROLEUM LTD has announced that two long-serving directors will be retiring over the next nine months.

 

Dr John Rose will retire with effect from 12 September 2005 and Rory Argyle will retire following the company's Annual General Meeting in April 2006. Rose was appointed to the board in December 1990. He is chairman of the board's human resources and compensation committee and a member of the governance and nominations committee. He had previously chaired the health, safety and environment committee and was a member of the audit committee.

 

Goode announced two appointments ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Dr Ashton Calvert AC and David McEvoy to the board with effect from 1 September 2005 this year. Calvert and McEvoy will serve as independent non-executive directors.

 

Dr Calvert retired in January 2005 as Secretary of the Department of Foreign Affairs and Trade of Australia Government. He served as the Australian Ambassador to Japan between December 1993 and March 1998 and was a senior adviser in the Office of the Prime Minister from December 1991 until October 1993. Calvert has previously held positions with the Australian Trade Commission, the Export Finance and Insurance Corporation and the Australian Strategic Policy Institute. He was appointed a director of Rio Tinto Plc and Rio Tinto Ltd in February 2005.

 

McEvoy had a 34-year career with ExxonMobil involving extensive international exploration and development experience. He was general manager, exploration for Esso Australia 1985-1989, vice president, exploration and development for Esso Resources Canada 1989-1992, ExxonMobil regional vice president Far East and Americas 1992-1997, and ExxonMobile vice president, business development 1997-2002. He is also a director of Innamincka Petroleum Ltd and PoValley Energy Ltd.

 

PIONEER NATURAL RESOURCES has appointed Frank A Risch to its board of directors. Risch will serve as an independent director under the board's appointment until he stands for election at Pioneer's annual shareholder meeting to be held in 2007.

 

After nearly 38 years with Exxon Mobil Corporation, Risch retired as vice president and treasurer in June 2004. Risch joined Exxon Corporation in 1966 as a financial analyst and subsequently held positions in finance, planning and marketing with Exxon and its operating affiliates in the US and abroad.

 

ANADARKO PETROLEUM CORPORATION named RA 'Al' Walker as its senior vice president and chief financial officer, effective September 6.

 

Walker is currently managing director for the Global Energy Group of UBS Investment Bank where he is responsible for the firm's upstream energy practice.

 

Anadarko's current chief financial officer, Jim Larson, will continue with the company as senior vice president in order to ease the succession to a new chief financial officer. Larson plans to retire at the end of the year.

 

 

 

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''Soaring Commodity Prices Point Toward Dollar Devaluation''

 

from:

http://www.pinr.com/report.php?ac=view_rep...7&language_id=1

 

QUOTE
It is a dubious notion that global economic growth has suddenly reached a point where worldwide demand has overwhelmingly and simultaneously outstripped worldwide supply of all these commodities. In 2005, real global economic growth slowed to about 3.2 percent from nearly four percent in 2004. Slower global economic growth was led by slower real economic growth in the United States, which decelerated to 3.5 percent in 2005 from 4.2 percent in 2004. Global demand for commodities was actually declining, as prices for these commodities began to gallop higher in 2005.

. . .

Rather than a bubble in commodity prices, as at least one prominent economist has asserted, recent commodity price action is indicative of a growing bubble in the world's supply of dollars.

 

by the way, the PINR mailing list is worth signing onto for mini-updates on world political situations.

 

cheers,

mm

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In reply to: mooomooo on Tuesday 01/08/06 08:31am

Israel May Attack Iran This Year, Pentagon Official Tells ABC

 

By Ladane Nasseri and Thomas Penny

 

July 1 (Bloomberg) -- Israel is increasingly likely to attack Iranian nuclear facilities this year, a U.S. Defense Department official told ABC News.

 

 

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Britain's The Independent newspaper says Gulf Arab states are in secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in the trading of oil.

 

The US dollar eased after the report, written by veteran Middle East correspondent Robert Fisk and posted on The Independent's website. It cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.

 

Fisk said the proposal was for trade in crude oil to move to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

 

"Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars," said the report. It added that France had also been involved in the talks.

 

The article said the plans may help to explain the sudden rise in the price of gold, which is commonly seen as a safe haven in troubled economic times.

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Britain's The Independent newspaper says Gulf Arab states are in secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in the trading of oil.

-----------------------------------------------------------------------------------

 

D: Its not only Oil--everything thats priced in USD's will --in the foreseeable future be history.

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can you define "foreseeable future"?

Seeing you've been predicting the demise of the US hegemony for at least ten years: do we have to wait another decade or longer?

And if it really happens - who will then rule the roost? Surely not Britannia? Will it be Middle East? Or China?

Too much speculation IMHO. I stick with what I can see, not rumours about clandestine meetings and plots of a new world order.

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