Sabine Pass LNG Terminal

Sabine Pass LNG Terminal
(Founder, General and Limited Partner)

The Sabine Pass LNG terminal is located on over 1,000 acres of land along the Sabine Pass River on the border between Texas and Louisiana, in Cameron Parish, Louisiana. It is located at the widest point on the Sabine River Navigation Channel, only 3.7 nautical miles from the open water and 23 nautical miles from the outer buoy. The channel is maintained at a depth of 40 feet and is not subject to tidal limitations. The terminal has two docks that are recessed far enough so that no part of the LNG vessel will protrude into the open waterway while docked.

CNNMoney: European recovery? Wait till 2013 (at least)

http://money.cnn.com/2011/12/30/news/international/european_economic_problems/index.htm?iid=EAL

Europe's Debt Crisis
European recovery? Wait till 2013 (at least)
By Chris Isidore @CNNMoney December 30, 2011: 12:09 PM ET

NEW YORK (CNNMoney) -- Don't expect the economic problems dogging Europe to be solved any time soon. Economists sure don't.

Brookfield Asset Management Inc. ("Brookfield")

http://realestate.ipe.com/realestate/investment-manager-profile/brookfield-asset-management-inc-brookfield_5.php

Brookfield Asset Management Inc. ("Brookfield")

CNNMoney: Foreclosure free ride: 3 years, no payments

http://money.cnn.com/2011/12/28/real_estate/foreclosure/index.htm?iid=Lead

Foreclosure free ride: 3 years, no payments
By Les Christie @CNNMoney December 28, 2011: 10:04 AM ET

NEW YORK (CNNMoney) -- Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight.

CNNMoney: Economists a bit more optimistic

http://money.cnn.com/2011/12/28/news/economy/economists_outlook/index.htm

Economists a bit more optimistic
By Chris Isidore @CNNMoney December 28, 2011: 8:29 AM ET

NEW YORK (CNNMoney) -- Economists are a bit more optimistic about the U.S. economy as 2011 comes to a close. But only a bit.

CNNMoney: Home prices down for 6th straight month

http://money.cnn.com/2011/12/27/real_estate/home_prices/index.htm?iid=HP_River

Home prices down for 6th straight month
By Les Christie @CNNMoney December 27, 2011: 11:42 AM ET

NEW YORK (CNNMoney) -- Home prices fell for the sixth straight month in October, down 1.2% compared with September and 3.4% a year ago, according to the latest S&P/Case-Shiller 20-city index.

The 11 Top Biofuels Trends of 2011

The 11 Top Biofuels Trends of 2011
Jim Lane | December 27, 2011

It’s that holiday time, time to look-back with misty eyes at the glories of yesteryear. In our case, at the 11 Hottest Trends of 2011, in what proved to be a vintage year for biofuels. There were IPOs a go-go, a big comeback from biodiesel. The global ethanol fleet has acquired new popularity amongst advanced biofuels developers looking for capital light steel in the ground. Meanwhile, gasification got hot. Seemed like every algae venture headed for Algstralia, and Brazil and the US Navy became everyone’s new best friends.

Will biofuel produced from algae power the future?

Will biofuel produced from algae power the future?
12.Radhicka S SaxenaDec 24 2011.The race to produce sustainable biofuel

With the demand for alternative fuels on the rise, engendered mainly by the ballooning prices of fossil fuels, there is an inherent need to manufacture algae based biofuels commercially by bringing down the input cost of production. As they are environmentally friendly, biofuels are greatly preferred over fossil fuels for energy production. Biofuels can be produced using both algae and food crops, but owing to many reasons it is a good idea to not use the latter for their production.

Biofuel produced from algae

WSJ: Risks Cloud Outlook for Economy in 2012

ECONOMY DECEMBER 23, 2011
Risks Cloud Outlook for Economy in 2012
By CONOR DOUGHERTY

The U.S. economy is poised for another year of muddling through.

Most private economists forecast a modest 2% growth rate for the U.S. in 2012, with a pace subdued by housing woes, a lackluster job market, and cuts by government. Economists also warn of potential spillover from weakness abroad, including a mild recession apparently under way in Europe.

USA Today: Nov. home sales up 4%, but earlier sales revised down

USATODAYmoney: Nov. home sales up 4%, but earlier sales revised down http://t.co/ON9gZVFG
Original Tweet: http://twitter.com/USATODAYmoney/status/149519203878187008

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Nov. home sales up 4%, but earlier sales revised down
By Derek Kravitz, Associated Press

WASHINGTON – The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought.

CNNMoney: Foreclosure sales still pummeling home prices

Foreclosure sales still pummeling home prices
By Les Christie @CNNMoney December 21, 2011: 10:15 AM ET

NEW YORK (CNNMoney) -- Nearly five years into the crisis, foreclosures are still weighing heavily on home prices.

USA Today: Europe hopes, strong housing starts lift stocks

USATODAYmoney: Europe hopes, housing starts lift stocks http://t.co/vF0UJARM
Original Tweet: http://twitter.com/USATODAYmoney/status/149228143465598976

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Europe hopes, strong housing starts lift stocks
By Matthew Craft, Associated Press

NEW YORK – The Dow Jones industrial average surged 337 points following encouraging signs out of Europe and a jump in apartment construction in the U.S. It was the best day for U.S. stocks this month.

Is Algae-based Biofuel an Energy Game Changer?

Is Algae-based Biofuel an Energy Game Changer?
Author: Devon Bass
Published: December 19, 2011 at 10:26 am

Algae is one surprising potential energy source that is showing great promise. It has gained recent media attention as the U.S Navy has announced plans to test the use of algae biofuel in one of its cargo ships. Unlike oil which is only found in underground deposits in certain parts of the world, algae grows in abundance all over the globe. Approximately half of algae’s weight is comprised of lipid oil can be converted into biodiesel. Biodiesel burns more cleanly and efficiently than petroleum.

NYT: Pondering a Dire Day: Leaving the Euro

Pondering a Dire Day: Leaving the Euro
By LANDON THOMAS Jr.
Published: December 12, 2011

LONDON — It would be Europe’s worst nightmare: after weeks of rumors, the Greek prime minister announces late on a Saturday night that the country will abandon the euro currency and return to the drachma.

WSJ: Turkish Prices Rise on Rapid Growth

WSJEconomy: Turkish Economy Booms http://t.co/LFukQXXu
Original Tweet: http://twitter.com/WSJEconomy/status/146272574211493888

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EUROPE NEWS DECEMBER 13, 2011
Turkish Prices Rise on Rapid Growth
By JOE PARKINSON

ISTANBUL—Turkey's central bank governor warned Monday that inflation was his No.1 problem, as data confirmed the economy expanded 8.2% in the third quarter, smashing economists' expectations and underscoring its reputation as Eurasia's rising tiger.

CNNMoney: Europe debt saga far from over

CNNMoney: Europe debt saga far from over... http://t.co/2CMXdHN3 #eurozone
Original Tweet: http://twitter.com/CNNMoney/status/146170643547815936

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Europe's Debt Crisis
Europe debt saga far from over
By Ben Rooney @CNNMoneyMarkets December 9, 2011: 3:36 PM ET

NEW YORK (CNNMoney) -- Early Friday morning, a group of European politicians issued a statement, and knees jerked in financial markets around the world.

CNNMoney: At European banks, the fire sale continues

CNNMoney: RT @FortuneMagazine: At European banks, the fire sale continues. Hedge funds are willing to take a gamble http://t.co/J4auEuUm
Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577

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At European banks, the fire sale continues
December 9, 2011: 11:39 AM ET

Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go.

By Cyrus Sanati, contributor

FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.

Deutsche Bank to sell £210m CMBS on Westfield’s Merry Hill

Deutsche Bank to sell £210m CMBS on Westfield’s Merry Hill
Posted on December 8, 2011 3:26 pm by James Wallace

Deutsche Bank will bring a £210m single loan commercial mortgage-backed securitisation (CMBS) to the market in January, secured by the £1bn Westfield Merry Hill shopping centre on the outskirts of Dudley.

http://costarfinance.com/2011/12/08/deutsche-bank-to-sell-210m-cmbs-on-westfields-merry-hill/

Bloomberg: Global Poll Predicts U.S. Economy Rebounding

Global Poll Predicts U.S. Economy Rebounding
By Rich Miller - 2011.12.06 09:00 PM

The U.S. receives its highest rating from international investors in more than two years on new optimism that the world’s largest economy will weather the financial crisis in Europe and avoid a recession in 2012, according to a Bloomberg poll.

Bloomberg: Australia Economy Grows More Than Forecast

Bloomberg: Australia Economy Grows More Than Forecast
By Michael Heath - 2011.12.06 07:02 PM

Australia’s economy grew faster than estimated last quarter on consumer spending and mining-driven investment, spurring the local currency as investors pared bets on the pace of interest-rate cuts next year.

USA Today: Geithner 'encouraged' by fiscal progress in Europe

USATODAYmoney: Geithner 'encouraged' by progress in Europe http://t.co/PvrwsOZG
Original Tweet: http://twitter.com/USATODAYmoney/status/144129293042188288

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Dec 06, 2011
Geithner 'encouraged' by fiscal progress in Europe
By Richard Wolf, USA TODAY
2011.12.06 12:38 PM

As he hopscotches from Germany to France to Italy this week, Treasury Secretary Timothy Geithner sounds upbeat about the prospects of Europe surmounting a debt crisis that threatens the U.S. economy as well.

Bloomberg: Drop in U.S. Jobless Rate Sign of Demo Shift

http://www.bloomberg.com/news/2011-12-06/drop-in-u-s-unemployment-rate-early-sign-of-coming-labor-shift-economy.html

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Drop in U.S. Jobless Rate Sign of Demo Shift
By Shobhana Chandra - 2011.12.06 06:54 AM

The drop in U.S. unemployment so far this year may be an early glimpse of what’s to come as the workforce ages.

Deals of the Week: Asian Asset Grab Intensified in North America

Evaluate Energy
Deals of the Week: Asian Asset Grab Intensified in North America

Government backed Asian companies made further moves for global oil and gas resources this week, with the target areas ranging from Canada and the United States to Australia. The largest deal came from INPEX Corp, who signed a $700 million transaction with Nexen to farm-in to a portfolio of assets primarily focused on the Horn River play of British Columbia in Canada. The Canadian shale gas sector has seen a flurry of deals lately from Asia, which is being driven by the low current gas reserve prices in North America and the development of LNG export terminals on the west coast of the country, ideal for serving the Asian markets. The deal will involve INPEX paying half of the consideration up front and half in the form of a cost carry to receive a 40% share of 300,000 acres of land in the Horn River, Cordova and Liard plays.

Family Feud (Bill Gross, PIMCO)

Family Feud
Bill Gross, PIMCO
2012.12.02

- Investors should recognize that Euroland’s problems are global and secular in nature; it will be years before Euroland and developed nations in total can constructively escape from their straitjacket of debt.

- Global growth will likely remain stunted, interest rates artificially low and investors continually disenchanted with returns that fail to match expectations.

- Investors should consider risk assets in emerging economies, such as Brazil and Asia, and bonds in the strongest developed economies, where the steep yield curve may offer opportunities for capital gains and potentially higher total returns.

CNNMoney: November jobs report: Hiring up, unemployment down

http://money.cnn.com/2011/12/02/news/economy/jobs_report_unemployment/

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America's Jobs Crisis
November jobs report: Hiring up, unemployment down
By Annalyn Censky @CNNMoney December 2, 2011: 2:43 PM ET

WASHINGTON (CNNMoney) -- Hiring accelerated in November, and unemployment unexpectedly plummeted to its lowest rate in nearly three years.

VOA: UN Grim on World Economic Prospects for 2012

December 01, 2011
UN Grim on World Economic Prospects for 2012
Margaret Besheer | United Nations

United Nations economists have sharply cut their projections for world growth and warned that 2012 will be key to whether the global economy makes a slow recovery or falls back into recession.