Stu Carruthers

18 Flips | 2 Magazines | 1 Like | @SJCarruthers89 | Keep up with Stu Carruthers on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Stu Carruthers”

Saudi Arabia Burns Through Cash Subsidies, Economic Crash Possible

Saudi Arabia, OPEC’s de facto leader and the world’s largest oil exporter, has seen better days – much better days.<p>Its now infamous decision in November 2014 to abandon its role as swing producer and actually ramp up production as global oil supplies were increasing and prices were tanking has hurt …

Oil

Warren Buffett reveals his number one piece of advice to anyone starting a new business

He gave that advice to a group of small-business entrepreneurs at the 20th graduation of the Goldman Sachs 10,000 Small Businesses program:<p>Tomorrow morning when you look in the mirror after you've gotten up, just write — in lipstick or whatever you want, on the mirror — just put: "Delight my …

Why Trump and Sanders Were Inevitable

It was only a matter of time before we had a populist backlash to 30 years of flawed globalization policies that both parties embraced.<p>There were, in retrospect, clear signs of what was to come—signs that if Donald Trump and Bernie Sanders did not appear on the scene, someone else like them would …

Income Inequality

Opinion: Why the elites are wrong about immigration, free trade and innovation

Michael Hirsh had a piece in Politico last weekend that tried to explain the rise of populists Donald Trump, who now has a commanding lead for the …

We’re ignoring an American apocalypse: While everyone obsesses about Trump, the middle class is still rapidly dying

The presidential election is certainly important, but in our horse race fervor we’ve forgotten what really matters<p>As the actual voting starts for 2016 it is critical we not just fixate on the horse race, but also on just how much socio-economic deterioration has occurred over these last eight years …

11 quotes that show the great leadership of General George Patton

Gen. George S. Patton was a complicated military figure, but there can be little debate over whether he was quotable.<p>Perhaps most famous for his commanding of the 7th Army during World War II, Old "Blood and Guts" often gave rousing speeches to motivate, inspire, and educate his soldiers.<p>In honor …

This is North America's best shale patch

Every oil town from the Gulf of Mexico to the Northwest Territories has been negatively impacted by the collapse in oil prices and the commensurate drop in spending and drilling. Tens of thousands have lost their jobs, house prices have fallen, consumer spending in these communities has plummeted …

How to save $1,500 — and then turn it into an income machine

<i>Fool contributor Kay Ng owns shares of FORTIS INC, Royal Bank of Canada (USA), and TELUS (USA).</i><p>One thing we can do for ourselves is to save early and …

What it costs to produce a barrel of oil

Everyone in the energy industry is suffering as crude oil prices have slumped. But some oil producing countries are hurting more than others.<p>In the United Kingdom, it costs $52.50 to produce a barrel of oil -- which is trading right now around $42.<p>Oil production in Brazil costs nearly $49 per …

Oil

This video of Silicon Valley's 'Million Dollar Shack' is proof of another housing bubble

In their beautifully made video, "Million Dollar Shack: Trapped in Silicon Valley's Housing Bubble," Steve Fyffe and Michelle Joyce show in gripping details how money is washing over the area, the hubris it engenders, the foreign investors who buy homes for investment purposes, renters who get …

US shale is running out of options

The collapse of oil prices has forced drillers to become more efficient, adding more wells per well pad, drilling longer laterals, adding more sand per frac job, etc. That allowed companies to continue to post gains in output despite using fewer and fewer rigs.<p>However, the efficiency gains may have …

The Delusions of the Canadian Mind

What explains the outrage at Prime Minister Stephen Harper?<p>The Australians call it “the colonial cringe,” and it may explain why the most influential newspaper in Canada is <i>The New York Times</i>. <i>The New York Times</i> is likely more influential in Canada than it is in New York. So when <i>The New York Times</i> …

Saudi Arabia may go broke before the US oil industry buckles

If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade.<p>The contract price of US crude oil for delivery in December 2020 is currently $62.05, implying a drastic change in the economic landscape …

Oil

What's happening in the oil market right now is 'unprecedented'

And now the oil market is looking at a future that is "unprecedented."<p>In a note to clients this week, analysts at Goldman Sachs took a look at the market and the supply glut that has been blamed for the collapse in oil prices over the last year.<p>And as Goldman sees it, quite simply, the rules of the …

Oil

Ten Castles that Made Medieval Britain: Stirling Castle

<i>By James Turner</i><p>Stirling Castle perched imperiously upon a vast crag of rough primeval rock enfolded on every side by its sweeping lines of carved …

This map shows the US really has 11 separate 'nations' with entirely different cultures

In his fourth book, "American Nations: A History of the Eleven Rival Regional Cultures in North America," award-winning author Colin Woodard identifies 11 distinct cultures that have historically divided the US.<p>"The country has been arguing about a lot of fundamental things lately including state …