Ohio State football coach Jim Tressel was made aware, in April 2010, of the improper benefits given to five OSU players, according to a Yahoo! Sports report. The NCAA released a statement Dec. 23 officially announcing a five-game suspension in the 2011 season for five juniors — offensive lineman Mike Adams, running back Dan Herron, wide receiver DeVier Posey, quarterback Terrelle Pryor and defensive lineman Solomon Thomas. According to the Yahoo! report, the five players sold memorabilia to Edward Rife — the owner of Columbus tattoo parlor Fine Line Ink Tattoos. The Yahoo! report said the NCAA and OSU did not investigate the situation until December. The NCAA concluded that, besides suspending the players for five games, the athletes must repay money and benefits ranging from $1,000 to $2,500, as part of their reinstatement. In the Dec. 23 release, the NCAA said Adams must repay $1,000 for selling his 2008 Big Ten championship ring. Herron must repay $1,150 for selling his football jersey, pants and shoes for $1,000, and receiving discounted services worth $150. Posey is forced to repay $1,250 for selling his 2008 Big Ten championship ring for $1,200, and receiving discounted services worth $50. Pryor must repay $2,500 for selling his 2008 Big Ten championship ring, a 2009 Fiesta Bowl sportsmanship award and his 2008 Gold Pants, a gift from the university. Thomas has to repay $1,505 for selling his 2008 Big Ten championship ring for $1,000, his 2008 Gold Pants for $350 and receiving discounted services worth $155. OSU appealed the NCAA’s five-game suspensions, and no ruling has been made in that case. According to The Columbus Dispatch, the university was made aware of the Yahoo! report 30 minutes before it broke, and OSU had no further comment Monday. Yahoo! Sports reporter Charles Robinson, who co-wrote the story with Dan Wetzel, said via Twitter that the university was informed three hours before the article was posted online. OSU spokesperson Shelly Poe told The Lantern, “No comment that I know of this evening.” If the Yahoo! report is correct, the OSU football program might face further NCAA penalties for playing ineligible players during the 2010 football season, and for having prior knowledge of the incident before it was reported by the school in December.
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Payal Jain launched her Autumn/Winter 2012 couture collection at a south Delhi five star. The fash frat of Delhi registered their attendance at the event. We spotted Rohit Bal, Tarun Tahiliani, Monisha Bajaj, Anil Lepps, Leena Singh, Poonam Bhagat and model Amit Ranjan at the show. Here are snapshots.
Indian Council for Cultural Relations (ICCR) had been mandated with the responsibility to co-ordinate welfare measures for all foreign students including ICCR scholars in India. ICCR’s endeavour is to provide foreign students a comprehensive positives experience of India so that they return to their respective countries as lifelong friends and admirers of India. The inauguration of the conference on ‘Higher Education in India for Foreign Students’ is being held today at Azad Bhavan, ICCR Auditorium in the national Capital. Also Read – ‘Playing Jojo was emotionally exhausting’The occaision will be graced by Smriti Zubin Irani, Minister of Human Resource Development, government of India as the chief guest. It will be chaired by Prof. Lokesh Chandra, President, ICCR.This conference will seek to optimise the collective national effort in administering scholarships to foreign students, who can potentially be a source of enduring goodwill for India around the world. There is a tremendous interest in developing countries for education in India and this conference will aim to accord priority attention to various factors pertaining to the inflow of foreign students to our universities and find solutions to facilitate foreign students and cater to their needs. Also Read – Leslie doing new comedy special with Netflix“As you may know, to recognise, celebrate and honour ICCR’s Alumni who have made significant achievements in their field, distinguished ICCR Alumni Awards were instituted last year. We are happy to count proudly many eminent persons including Cabinet Ministers and the Secretary General of ASEAN and distinguished ambassadors, you would shortly hear one of them at the Conference” said Professor Lokesh Chandra, president, ICCR. Ambassador Rajasekhar, Director General, ICCR said: “Hosting foreign students has many benefits to the nation. They can be bridges between India and their respective countries in promoting mutual understanding and goodwill. “They add to our socio cultural diversity. They bring new perspectives and help cross pollination of ideas and expand our horizons. They also contribute to the economy. India is in a unique position to offer higher education to foreign students – given our vast size, competitive academic environment, cosmopolitan society and English medium education at affordable cost. “But to reap these benefits, we need to make conditions here conducive for them. Different institutions- government agencies, universities and society in general need to coordinate and make India accessible to foreign students. This Conference is an attempt in that direction.” ICCR annually offers around 3,350 scholarship slots to international students, wishing to study in India in various programmes and disciplines. These scholarships cover traditional courses in Indian Classical dance and music, Ayurveda, Yoga etc. to modern, secular and development studies.
Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now 2 min read Enroll Now for Free Opinions expressed by Entrepreneur contributors are their own. This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. February 10, 2016 Over the past few years, Google’s prime focus lies on eliminating spam from their search results, flushing worthless content with their revolutionary algorithm updates. But 2015 was more about Mobilegeddon and RankBrain, two progressively gentler updates whose impacts have been discussed in depth in the following infographic.Related: Meet RankBrain, the New AI Behind Google’s Search ResultsThat said, Mobilegeddon and RankBrain weren’t the only updates Google made last year. There have been a few unnamed and unacknowledged updates as well. For example, there were significant ranking changes in eCommerce sites for branded and heavy-traffic keywords on Feb. 4, 2015.Some mobile-related and usability shifts were also noticed. Soon after this, we saw one of the most talked-about update of the year — Mobilegeddon, although it turned out to be a false alarm, as its impacts were hardly noticeable.There has been certain quality updates as well, which impacted low-quality news snippets, how-to content and clickbait sites. In the later part of the year came another major update from Google — RankBrain.Related: Is Your Site Mobile Ready for Google’s Big Algorithm Change? (Infographic)This artificial intelligence system helped Google to sort through the search results. Although the search giant has been using this machine-learning AI system for a past few months to deliver the most relevant search results for a particular query, Bloomberg first broke the news on Oct. 26, 2015.The last update from Google was again unconfirmed. Nevertheless, Phantom 3 was a significant update with its focus on Panda-like content quality. The good news is that this algo update wasn’t focused on links.While some of these updates were permanently integrated into Google’s search algorithm, the search giant has just rolled back a few of the changes and is planning to roll out some more over an extended duration.Related: Will Google’s Algorithm Update Affect Your Franchise Sales?
The dollar index closed late Wednesday afternoon in New York at 83.09…and then kept right on going down…with its nadir coming a hair below 82.50 a few minutes after 1:00 p.m. in Hong Kong trading. The subsequent rally lasted until 8:30 a.m. BST in London…and then the index traded flat right up until 1:00 p.m. EDT in New York. From there it slid a bit into the close. The dollar index closed the Thursday session at 82.75…down 34 basis points on the day…but was down over 60 points at its low.This was another case where the precious metal price action didn’t fit with the dollar index action. If the high-frequency traders hadn’t shown up in the precious metals at 2:00 p.m. in Hong Kong yesterday, all four precious metals would have closed materially higher on the day…regardless of what the currency markets were doing.The gold stocks gapped up…and stayed up all day long. The HUI closed virtually on its high…up 7.87%. I would guess that there was a fair amount of short covering involved in yesterday’s melt-up.It was the same for the silver stocks…and Nick Laird’s Intraday Silver Sentiment Index close up a decent 5.56% as well.(Click to enlarge)The CME’s Daily Delivery Report showed that 5 gold and 56 silver contracts were posted for delivery within the Comex-approved depositories on Monday. Despite the small number of contracts in silver, it was the same old story…as the two biggest short/issuers were JPMorgan Chase out of its client account with 32 contracts…and ABN Amro with 21 contracts. The only long/stopper of note was JPMorgan Chase in its proprietary [in-house] trading account once again…with 50 contracts. With JPMorgan Chase now above the law, all anyone can do is watch them rape their own clients with total impunity. The link to yesterday’s Issuers and Stoppers Report is here.As of 10:10 p.m. EDT, there were no reported changes in either GLD or SLV…and the U.S. Mint didn’t have a sales report on Thursday, either.It was a busy day over at the Comex-approved depositories on Wednesday, as they reported receiving 1,526,159 troy ounces of silver…and shipped 681,125 troy ounces of the stuff out the door. The link to that activity is here.In gold, these same depositories received 46,263 troy ounces of gold…and didn’t ship any out. The link to that action is here.It was another semi-slow news day again yesterday, so I hope you have the time to read the stories that most interest you.It was another day of market rigging in the precious metals yesterday, as it was obvious that sellers of last resort put in an appearance at 2:00 p.m. Hong Kong time…and then again about ten minutes after Comex trading began in New York yesterday morning. It’s also obvious that the powers that be aren’t about to let the precious metal prices get out of hand…at least they weren’t about to set them free yesterday.Today, at 3:30 p.m. EDT, we get the new Commitment of Traders Report for positions held at the close of Comex trading on Tuesday, July 9th…and I’ll be more than interested in what the numbers show…and I’ll have it all for you in tomorrow’s column.Not a lot happened in Far East or early London trading during their Friday sessions. The prices of all four precious metals are below where they closed on Thursday afternoon in New York. Volumes in gold and silver are a bit higher than ‘normal’…and mostly of the HFT variety. And as I hit the ‘send’ button at 5:05 a.m. EDT…gold is down about nine bucks…and silver is down 43 cents. The dollar index is up about 25 basis points.With today being Friday, it will be interesting to see what happens price-wise once New York begins to trade. I expect it may be rather quiet, but I won’t rule out the possibility of a bear raid to close off the week. We’ll see.Enjoy your weekend, or what’s left of it…and I’ll see you here tomorrow. It was obvious that sellers of last resort put in an appearance at 2:00 p.m. Hong Kong time.As I pointed out in The Wrap section of yesterday’s column, the gold price took off the moment that trading began at 6:00 p.m. in New York on Wednesday evening. The rally was brought to a screeching halt an hour later when Tokyo opened at 8:00 a.m. local time on their Thursday morning. From there gold traded sideways until noon in Hong Kong [1:00 p.m. in Tokyo]…and then all four precious metals began to rally anew.Then just as the precious metals were about to go ‘no ask’ at 2:00 p.m. Hong Kong time…a short seller of last resort appeared…and killed all four rallies stone-cold dead right at the top of the hour. As I commented yesterday, it remained to be seen if that was going to be the high tick for the day…and as it turned out in retrospect…yes, it was.The subsequent rally at the Comex open ran into a wall of selling…and that was it for the rest of the New York trading session.Gold closed the Thursday session at $1,285.60 spot…up $22.70 on the day. Net volume was 164,000 contracts, the same as it was on Wednesday.It was precisely the same price pattern in silver as it was in gold…and the other two white precious metals as well…so I shan’t cover the same ground again.Silver closed at $20.15…up 69 cents on the day. Gross volume was a huge 59,000 contracts…50 percent higher that Wednesday’s volume…so it was obvious that JPMorgan et al. had to throw a lot of paper at the silver price to get it to behave.Here’s the New York Spot Silver [Bid] chart on its own so you can see the hatchet job that “da boyz” did on that precious metal just ten minutes after the Comex opened. The New York Spot Gold chart looks similar.And here are the platinum and palladium charts for the Thursday trading session as well…
In This Issue. * U.S. Retail Sales to dominate today. * Jobless Claims fall below 300K, but wait! * Eurozone moving toward single bond. * Sweden’s GDP is revised downward. And, Now, Today’s Pfennig For Your Thoughts! OOPS, Did We Forget To Include 2 States? Good day. And a Happy Friday to one and all! It will be a sad beginning to the day for us at the Butler house, as a good friend is being put to rest this morning. My friend, used to help me coach the boys in baseball, and I helped him coach them in soccer. It’s been a tough row to hoe for him the last 20 years, but he died too young. So, I’m writing from home today. Hey, my doctor appt. went well yesterday. I saw the guy that saved my life 6 years ago, I always enjoy talking to him, as he always remembers to ask me what currency he should be buying now! Well, the dollar is taking liberties with the currencies and metals as we end the week, and from the looks of the trading, this dollar strength isn’t going to fade away quietly any time soon. Today, the U.S. data cupboard will finally print the long awaited August Retail Sales report, which is forecast to be somewhat strong. Remember, I told you 2 days ago, that the BHI indicated to me that it would be strong. I say somewhat strong, because, you have to remember that these new reports are compared to old ones that were awful, so on the outside they look better than the average bear, but in reality, they’re not that good. But, we have that going for us to end the week, lucky us! I get a kick out of those “World’s Most Interesting Man” commercials. I always imagine him saying, “I don’t always read newsletters, but when I do, I prefer the Pfennig”. HA! Well, he would read it for the interesting tidbits like this: Yesterday, the U.S. reported that their Weekly Initial Jobless Claims had plunged 31,000 to the lowest level since April 2006, at 292,000! WOW! Great news! Now, let’s just look under the hood to make certain that everything is kosher. Uh-Oh. Houston, we have a problem! Here’s one thing that was failed to be mentioned. 2 states. that’s right I said 2 states, didn’t report claims last week, due to processing disruptions from upgrading computer systems! Well, now. let’s add in the claims from those two states before we go giving the U.S. economy a Gold Star for getting Initial Claims below 300,000! But, not knowing this info, the markets went about acting as if all was right on the night with the U.S. economy, and therefore the dollar. Gold saw the largest plunge, and at one point Silver was down over a $1! I wish I could press a button and stop all trading, then issue the information, and then allow trading to resume. If I could do that, then maybe, I would be the World’s Most Interesting Man! HAHAHAHAHAHA! And once again, the price manipulators in the metals are under my skin! The so-called resistance levels for gold have proven to be as effective as putting your sunglasses on your head when the sun is in your eyes! The velocity in which the price of gold has been taken down is so questionable, but yet, no one stops and says, wait a minute! There’s something fishy going on here. And then send dozens of investigators to find out what caused this to happen. If it were stocks, you can bet your sweet bippie that there would be reporters, investigators, regulators, and what-not, looking into what happened. But Gold & Silver? Let’s just look the other way, folks, move along, these are not the droids you’re looking for! OK. So, somebody failed to mention that 2 states hadn’t filed claims last week, and they failed to look into the velocity of the movement in the price of Gold through resistance levels. The next thing we’ll probably hear about is that we’ve slipped back into the Vietnam era. You can read into that whatever you wish. I’m just here to report what’s going on, and how it affects your investments. If you follow the Japanese yen, you know that the ride on the slippery slope in the past year has been quite steep. But, in recent months, yen has seemed to settle in around 100. Yen bumps up to 100 and then strengthens a bit, and so the trading has been. But, if the Fed does begin to taper next week, I would have to believe that this slide that gets halted at 100 each time, would resume and push past 100. Remember, I told the Street.com and you dear reader, that I thought yen would be around 110 by the end of summer. I’ve got a bout 2 weeks left. But if my timing is off a bit, the trend should be in place for sure. At least that’s my opinion, and I could be wrong! I had a reader ask me about the Swiss franc, and wanted me to get into the franc like I did the krone the other day. The problem with the franc is that it’s not a free floating currency, as long as it has the floor that was put on it by the Swiss National Bank (SNB) a couple of years ago, when they tied the franc to the euro with a floor of 1.20 on the cross.. The franc has done well this past year, but so has the euro, and therein lies what’s going on.. The franc is now tied to the euro’s fortunes. In addition, there is still “talk” in the SNB that they would like to move the floor to 1.35, which would really weaken the franc to the euro, and thus to the dollar too. I don’t think we’ll see the SNB get that done, but as long as there’s “talk” about it, the markets will remain fearful of pushing the envelope with the franc. There’s was a story going around the Nikkei last night that the U.S. President is in the final stages of the process to formally nominate Larry Summers as Fed Chairman to replace Big Ben Bernanke, next week! Hmmm, I guess that’s something else the Gov’t failed to mention to us. but, hey! They all know about it in Japan! I’ll save my thoughts on Larry Summers for when he’s officially nominated. But just for the record, I think Summers will be train wreck in the Fed. And the euro remains around 1.32 and change. the European Union Finance Ministers will meet today for their first post-summer ECOFIN. I hear that the European Banking Union dream took one step closer to reality this week when Parliament approved the single supervisory mechanism (SSM). Yes, if you’re going to have one bond issuer, you have to have a single supervisor! Next on the docket is approving a single Fund to backstop the banking system, and then figuring out what kind of deposit insurance to put in place. Long time readers know and you can go back to the archives to check this out if you don’t believe me, but when the Eurozone debt crisis began, I said at that time, the people of the Eurozone have already given up their sovereign currencies, if they want to nip this debt problem in the bud, they need to issue a Eurozone bond. It’s nice to see the ECOFIN leaders coming around to Chuck’s way of thinking. 3 years later! And finally, in Sweden printed their final 2nd QTR GDP report, and it was revised downward to .1% VS the previous year. Recall that the initial print had 2nd QTR GDP at .6%, which was pretty lofty. I’m surprised at how low the revision took Swedish growth, but it is what it is, right? Of course this is all Old News now. so, let’s just book it and move along, for it won’t push the Riksbank one way or the other at this point. And then before I go to the Big Finish, a long time reader, sent me a note correcting something I said yesterday. I said that New Zealand was a two island nation. Well, Two main islands I guess I should have said! And then when I said that the two currencies of Aussie dollars and kiwi were moving in opposite directions by a wide margin which doesn’t happen very often, the reader said that the two go in different directions all the time. OK. I guess I should have said that I don’t recall seeing them move by such wide margins that often. I stand corrected. well, really, I sit corrected! For What It’s Worth. I found this on Bloomberg this morning. Very interesting take on the thought in the markets that Septaper is a foregone conclusion. here’s the story: “Federal Reserve Chairman Ben S. Bernanke and his colleagues meeting next week are poised to take two steps that appear inconsistent. They will probably lower their estimates for growth for this year and next for the third consecutive time. Simultaneously, they are forecast to start scaling back the $85 billion in monthly bond purchases they have been relying on to stoke the recovery. What’s more, annual inflation has been running at least a half percentage point below the Fed’s goal since December. And while the unemployment rate, at 7.3 percent in August, is falling, that’s mainly because some Americans are leaving the labor force. “As a central bank, you are lowering your growth forecast, inflation is running low, and hiring is slowing and you are going to taper your asset purchases?” said Julia Coronado, chief economist for North America at BNP Paribas in New York and a former member of the Federal Reserve Board’s forecasting staff. “That is a communications challenge.” Chuck again. Well, when you’re considered to be the world’s growth engine, like the U.S. is, when the growth engine begins to have the spark plugs removed one at a time, the rest of the world’s growth will sputter too.. the IMF has been very vocal about this to the Fed, but taking a page out of former U.S. Treasury Sec. John Connally, who told finance ministers years ago when the dollar was sliding.. “It’s our currency, but your problem” The Fed has become very myopic on this matter of tapering, and removing the spark plugs from the growth engine. To recap. The Weekly Initial Jobless Claims got the markets all lathered up for dollar strength yesterday when they were reported to have fallen below 300,000 to 292,000. But then Chuck found that 2 states failed to post claims last week. What? Gold drops curiously with lots of velocity through resistance levels, where are the regulators to look into this? US. Retail Sales is the key today, and next week we shift to the FOMC meeting that will bring us Septaper! Currencies today 9/13/13. American Style: A$ .9245, kiwi .8145, C$ .9680, euro 1.3290, sterling 1.5805, Swiss $1.0735, . European Style: rand 9.9740, krone 5.9220, SEK 6.5494, forint 226.25, zloty 3.1705, koruna 19.4115, RUB 32.67, yen 99.70, sing 1.2695, HKD 7.7540, INR 63.43, China (don’t have the price at home), pesos 13.13, BRL 2.2745, Dollar Index 81.61, Oil $107.59, 10-year 2.92%, Silver $21.69, Platinum $1,431.20, Palladium $692.93, and Gold $1,312.60, and it’s Friday so let’s take a peek at the U.S. Debt Clock by clicking here. That’s it for today. And this week, which has been quite a long week I might add! Well, I did end up going home right after signing off yesterday, I was just too shaky. But better by noon, and off to the doctor I went! Thanks to those that sent along good wishes. Alex had a swim meet last night, and did better than last week, in swimming, improved times is what it’s all about. Cardinals lose last night, and Kathy G. came all the way from Michigan to see them play on her birthday, and they couldn’t pull out a win for her! UGH! Talked to my oldest friend in the world the other day. We met in kindergarten, and are still friends, although rarely see each other, today. I wanted to make sure he was going to our H.S. reunion. At least they’ll be someone there I know! OK.. I know I started the letter off on a bummer of a note this morning, so I hope I’ll be able to put all that behind me today, and I hope you have a Fantastico Friday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837
I apologize in advance if this title sounds a bit sensationalist. However, the sentiment is deserved, because within the next few days we’re expecting important news from our “next Bakken” play that I’ve been talking about for the last ten months now. The final flow rate results for the initial well are due out any day now—and they’re instrumental in determining what happens to our small-cap oil company sitting on a 2-million-acre concession in Central Europe in the near future. In case you’re a new CDD reader, let me just tell you that the whole play is based on what I call the “European Energy Renaissance.” I’ve seen this coming for over five years, and believe me, I’ve had my share of naysayers—people who just couldn’t imagine the European energy sector waking up from its Sleeping Beauty slumber. But recent events have proven me right… Better Late Than Never: 2014 EIA Report Confirms Our Energy Outlook… from Three Years Ago As a contrarian investor, normally I’d worry when government think tanks agree with my own analysis. In this case I’m not worried, though, and I’ll explain why. The US Energy Information Administration (EIA) just published a report stating what the Casey Energy Report stated in its Energy Outlook 2011: that Europe will be increasing its reliance on oil and gas imports over the next decade. The EU28—the current 28 member states of the European Union, not the US or China—is the world’s largest economy (as listed by the CIA World Factbook, the IMF, and the World Bank). The price of fuel, as well as costs for electricity, in most of the EU28 countries is twice as high as in the United States—a fact that most Americans take for granted. To make a long story short, today the Europeans depend on Russia and the high-risk MENA (Middle East/North Africa) countries for oil and gas more than at any other time in history. North Sea production is in steep decline, and since the British government decided to raise the taxes on North Sea oil, the financial rewards have become so meager that they simply don’t warrant the exploration and production risk. Green Energy Is Turning Out to Be a Pipe Dream Even the “Green Lady”—German Chancellor Angela Merkel, formerly a staunch environmentalist and “clean power” proponent—has changed her tune on renewable energy. The green dream is coming to an end in Germany. After all, this past week, it has become the first nation in Europe—and I suspect not the last—to charge homeowners who produce their own electricity via solar panels on their homes. You read that correctly: Essentially, all of the German households that installed solar panels and were promised subsidized green energy must now pay for 70% of the electricity that is generated through their own solar panels, on their own roofs. That equates to a large increase in residential domestic electricity costs already slapped on every household in Germany in 2013. Last year, every household in Germany experienced a 25% increase in electricity costs, and 2014 is expected to bring the same increase in costs. The reason? It’s simple: rising power bills are too high for the government to subsidize, and the green subsidies are coming to an end. Our Greatest Speculation Yet: The “Next Bakken” There’s no way around it: the EU member states will have to begin oil and gas exploration and production on their own soil if they don’t want to end up as doormats for resource-rich Russia. Vladimir Putin is well aware of the economic power he holds, and he knows how to wield it. The result: more and more European countries are becoming convinced that the only way to political independence is through energy independence. Every bull market has three stages. The first is the Stealth Phase, where only the smart money knows what’s going on, and doesn’t lose time in getting in on the ground floor on the best profit opportunities. That Stealth Phase, the first part of the European Energy Renaissance, is occurring right now. There’s one part of Europe, and one particular small company, we have focused on for most of the last year. I call it the “next Bakken,” because if this past-producing oil district proves out, its oil reserves could rival those of the legendary North American Bakken formation. Within a few weeks, maybe even days, we’ll find out if our analysis has led us to potentially life-changing gains with our “Next Bakken” pick. The company’s management are in good spirits; the CEO even put $11 million of his own money into the company—not something you’d do if you weren’t convinced that you’re winning the bet. Once the flow rate results for the initial well—which, remember, is just one well of dozens yet to come—are made public, we’ll be ready to input those results into our financial models, and within 24 hours of the announcement, Casey Energy Report readers will get a full analysis. If the initial production numbers are at or above 500 barrels of oil per day (bopd), we know that we may be on to something as big as (or bigger than) the original Bakken. The question is not if there is oil—we already know it’s there, as the fields have produced almost 100 million barrels in the past using old-fashioned production methods. The question is how much of the existing oil our “Next Bakken” company can extract with the cutting-edge production methods it’s applying. The current well in the “next Bakken” is the longest horizontal oil well ever drilled in this European country, and we think this is just the beginning of the probably hottest energy play of 2014-2015. It’s really that great. This is sort of a déjà vu experience for me. People laughed at me when I said the same thing about Lukas Lundin’s company, Africa Oil, in 2010. By 2013, Africa Oil had become the hottest exploration play in the world, finding world-class, elephant-sized oil deposits in the East African Rift in Kenya. I believe our “Next Bakken” pick will give Africa Oil a run for its money. My friend Lukas Lundin made his billions of dollars by discovering monster oil plays and holding on for the ride—and I’ve learned a lot from him. It’s not too late to get into this amazing oil company, but you want to hurry, before the good news goes public and drives up the share price. Is there any risk? Of course. It’s still a speculation, so please don’t bet the farm on it. While positive flow rate results are not a given, however, I’ve rarely been more convinced that we may be looking at something very, very big here. Case in point: One of the largest independent oil producers in Europe just paid over C$170 million to earn into a small project in an area near our “next Bakken.” Goldman Sachs is now investing in the region through a private energy company. The smart money is starting to enter the region. The best way to dip your toes in the water is to give the Casey Energy Report a try today. Test my newsletter for the next 3 months, and if you don’t like it or don’t make any money, just cancel within that time for a full and courteous refund. Upon signing up, you’ll receive a subscribers-only special report with in-depth analysis on the “next Bakken” and the small-cap company ready to profit from its riches. You’ll also receive a timely email alert as soon as the flow rate results are out. So if you want to get behind the real winner from the European Energy Renaissance and make some serious money from the inevitable bull market in oil, click here to get started now. Additional Links and Reads Russia’s Lukoil, Mexico’s Pemex to Sign Cooperation Memorandum (Reuters) The ink hasn’t even dried yet on the new law, and Russia has already leap-frogged many of the international majors in getting its fingers on Mexican oil. While the agreement is just a cooperation memorandum, it’s definitely a major step for any private company trying to access Mexico’s prolific reserves. We would expect competition to begin accelerating with this first move. Manitoba Pipeline Explosion Cuts Heat to 4,000 Amid Extreme Cold (CBC) More fuel for the pipeline vs. rail debate. More than 4,000 residents were left without power when a TransCanada pipeline blew up and burned for more than 12 hours. While the cause isn’t suspicious, many will use this event as an argument against pipelines. Regardless, Marin believes that both the Keystone and Northern Gateways will be approved. Watch his most recent interview here. Uranium Poised for Bull Market as Japan Reviews Reactors (Bloomberg) While the world reacted optimistically to the possibility of Japan bringing online ten reactors, it’s important to note that this is just an analyst estimate and has already been reported several times since the Fukushima disaster. Nevertheless, there are several reasons why we believe uranium prices are poised to push back upward, which we outlined in our last Casey Energy Report, along with several stocks cashed up and ready to explode in value. At the same time that EU consumption is rising, the EU28’s proven oil reserves are down over 30% since the early 2000s.