KWN GOLD

Nomi Prins Says US May Begin Stockpiling Silver As A Strategic Reserve

Today Nomi Prins, who has given speeches to the World Bank, IMF and Federal Reserve, told King World News that the United States may once again begin stockpiling silver as a strategic reserve.  This would have an enormous impact on the already thin physical silver market.  Global silver production is only 819.7 million ounces a year, and the last time the US stockpiled silver it reached a jaw-dropping peak of 3.3 billion ounces.  The question is where will all of that silver come from and how high will the price of silver have to go in that kind of market?  Here is what Prins had to say.

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U.S. rule to cut toxic emissions at refineries

U.S. oil refineries will face tighter standards in coming years on toxic emissions that cause lung problems and increase cancer risks, environmental regulators said on Tuesday. The Environmental Protection Agency finalized a rule, to be fully implemented in 2018, that aims to reduce emissions of benzene and other toxic emissions. The EPA said the capital cost to refiners will be about $283 million, with an annualized cost of $63 million,

Angolan fishermen accuse Chevron of oil spill, demand compensation

About 500 fishermen in Angola’s Cabinda province are demanding compensation from Chevron Corp, saying it was behind an oil spill that prevented them from catching fish for nearly two weeks, an industry body said on Tuesday. Environmental authorities in the southern African country found traces of oil more than two weeks ago on the shores of the beach in the northern Cabinda province but has not given the size of

South Africa sees around 19.5 tcf of recoverable gas resources

South Africa’s recoverable gas reserves from both onshore shale and offshore gas fields was seen at around 19.5 trillion cubic feet (TCF), a senior energy official said on Tuesday. Ompi Aphane, deputy director general for energy policy, said it would take around a decade to significantly develop these gas resources, with exploration still to determine South Africa’s true gas potential. “It requires significant evaluation activity, significant drilling for us to