Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:41 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Diamonds to oil bring gold rush dreams to melting Arctic Back to Topics
aservant

Champion Author
California

Posts:16,322
Points:1,829,365
Joined:Nov 2008
Message Posted: Apr 30, 2014 12:04:08 AM

Hugh Short wants you to invest in an emerging economy with few people, fewer buildings, and which is melting at the fastest pace in millennia.

He’s talking about the Arctic, which Scott Minerd, the chief investment officer of Guggenheim Partners LLC, calls “not just the best opportunity of our generation, but of the last 12,000 years.” Short, a native of Alaska, said Pt Capital LLC, which he co-founded last year, is the first and only U.S. private-equity firm dedicated to investing in the Arctic.

Short, 41, is attempting to raise $250 million for the firm’s first fund by year-end. The ex-mayor of the frontier town of Bethel and former head of Alaska’s state investment arm plans to leverage his local connections and financial experience to develop the Arctic’s resources for the people
Visit Mineweb for full article
REPLIES (newest first) Post a Reply
Profile Pic
grab4it
Champion Author Fort Worth

Posts:120,362
Points:2,697,310
Joined:Jan 2007
Message Posted: May 1, 2014 1:38:59 PM

Good
Profile Pic
grab4it
Champion Author Fort Worth

Posts:120,362
Points:2,697,310
Joined:Jan 2007
Message Posted: May 1, 2014 1:37:08 PM

Good
Profile Pic
grab4it
Champion Author Fort Worth

Posts:120,362
Points:2,697,310
Joined:Jan 2007
Message Posted: May 1, 2014 1:32:25 PM

Good
Profile Pic
grab4it
Champion Author Fort Worth

Posts:120,362
Points:2,697,310
Joined:Jan 2007
Message Posted: May 1, 2014 1:31:30 PM

Good
Profile Pic
tigreme
Champion Author Maine

Posts:1,514
Points:572,340
Joined:Apr 2012
Message Posted: May 1, 2014 10:07:38 AM

Greed will trump responsibility.
Profile Pic
bston
Champion Author Oklahoma City

Posts:4,036
Points:1,127,225
Joined:Mar 2011
Message Posted: May 1, 2014 9:28:14 AM

whatever floats your boat!
Profile Pic
abacus44
Champion Author Toms River

Posts:5,596
Points:1,224,815
Joined:Jan 2011
Message Posted: May 1, 2014 2:49:57 AM

OK
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,200
Points:867,415
Joined:Sep 2011
Message Posted: May 1, 2014 12:23:19 AM

I'll donate .02 and an old cat hairball.
Profile Pic
RogerB
Champion Author Indianapolis

Posts:20,546
Points:3,105,095
Joined:Dec 2005
Message Posted: May 1, 2014 12:21:14 AM

Very interesting . . .
             
             
                √

Profile Pic
Mowerman08
Champion Author Milwaukee

Posts:6,910
Points:1,681,165
Joined:Aug 2008
Message Posted: May 1, 2014 12:16:47 AM

and maybe Greenland will be green again
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,456
Points:888,580
Joined:Mar 2012
Message Posted: May 1, 2014 12:09:47 AM

"Watch out I heard Russia want the Arctic. "

Russia wants the whole planet but China wants it for themselves, too.
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,456
Points:888,580
Joined:Mar 2012
Message Posted: May 1, 2014 12:08:29 AM

"The Russians, for example, already see the economic potential of the Arctic and are exploiting it for minerals, oil, etc.... "

May the whole Russian navy sink up there.
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,456
Points:888,580
Joined:Mar 2012
Message Posted: May 1, 2014 12:07:04 AM

"Drill Baby, Drill! "

Translation: Export, baby, export!
Profile Pic
Mikeyl
Champion Author Cleveland

Posts:8,206
Points:1,656,530
Joined:Aug 2004
Message Posted: May 1, 2014 12:06:34 AM

It's a whole new world out there...
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,456
Points:888,580
Joined:Mar 2012
Message Posted: May 1, 2014 12:06:26 AM

"I hear the artic is not melting, just the opposite. "

And in what insane part of the Internet did you read that?
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,456
Points:888,580
Joined:Mar 2012
Message Posted: May 1, 2014 12:05:37 AM

Drilling in the arctic... Because your oil should come from someplace beautiful.
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:4,109
Points:937,840
Joined:Jan 2012
Message Posted: May 1, 2014 12:05:28 AM

Send us a postcard.
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,277
Points:1,843,925
Joined:Oct 2008
Message Posted: May 1, 2014 12:03:01 AM

I'll pass thank you very much.
Profile Pic
skb69sa
Champion Author San Antonio

Posts:5,519
Points:1,152,500
Joined:Mar 2011
Message Posted: Apr 30, 2014 11:45:14 PM

Okay
Profile Pic
GasaHawg
Champion Author Texas

Posts:3,796
Points:380,655
Joined:Nov 2005
Message Posted: Apr 30, 2014 9:29:36 PM

I hear the artic is not melting, just the opposite.
Profile Pic
JMW1942
Champion Author Michigan

Posts:2,663
Points:865,460
Joined:Feb 2012
Message Posted: Apr 30, 2014 9:29:05 PM

Wow.
Profile Pic
F81M
Champion Author Indiana

Posts:3,763
Points:1,267,805
Joined:Aug 2008
Message Posted: Apr 30, 2014 9:23:05 PM

?
Profile Pic
radbadtz
Champion Author Halifax

Posts:1,728
Points:332,725
Joined:Jul 2013
Message Posted: Apr 30, 2014 5:47:14 PM

Drill Baby, Drill!
Profile Pic
Yooperheart
Champion Author Michigan

Posts:6,135
Points:1,014,050
Joined:Feb 2010
Message Posted: Apr 30, 2014 3:53:40 PM

I'll stay pat for now.
Profile Pic
SkooterG
Champion Author Phoenix

Posts:2,902
Points:764,975
Joined:May 2012
Message Posted: Apr 30, 2014 2:55:00 PM

The new gold rush?
Profile Pic
captcarl5
Champion Author Pennsylvania

Posts:2,634
Points:654,710
Joined:Oct 2012
Message Posted: Apr 30, 2014 1:46:56 PM

good old wild alaska
Profile Pic
GCmennorunner
All-Star Author Missouri

Posts:714
Points:208,510
Joined:Jan 2014
Message Posted: Apr 30, 2014 1:29:16 PM

Good luck in the frozen north.
Profile Pic
CorvairHaven
Champion Author Cleveland

Posts:6,509
Points:1,933,365
Joined:Sep 2008
Message Posted: Apr 30, 2014 9:40:08 AM

Everyone wants to make a buck.
Profile Pic
Goatroper
Champion Author Dallas

Posts:8,039
Points:1,608,085
Joined:Apr 2004
Message Posted: Apr 30, 2014 9:00:07 AM

And when it freezes over again?
Profile Pic
Buck_on_Bass
Champion Author Tennessee

Posts:10,013
Points:1,872,205
Joined:Jul 2007
Message Posted: Apr 30, 2014 8:41:26 AM

A different prospective on exploiting the resources in the arctic.
Profile Pic
sljbc475
Champion Author Tucson

Posts:6,473
Points:1,355,875
Joined:Dec 2010
Message Posted: Apr 30, 2014 8:33:48 AM

Arctic oil is there but very expensive to drill.
Profile Pic
pleinyeux
Champion Author Montreal

Posts:2,683
Points:651,485
Joined:Oct 2012
Message Posted: Apr 30, 2014 8:31:59 AM

black gold loll
Profile Pic
UglySean
All-Star Author New York

Posts:588
Points:148,615
Joined:Jul 2005
Message Posted: Apr 30, 2014 8:26:06 AM

I'm in! Where do I sign my pennies away?
Profile Pic
EnviroChemist
Champion Author Oklahoma

Posts:3,160
Points:687,835
Joined:Oct 2011
Message Posted: Apr 30, 2014 8:08:28 AM

Interesting article.
Profile Pic
Wally3023
Champion Author Pennsylvania

Posts:3,927
Points:970,755
Joined:Sep 2011
Message Posted: Apr 30, 2014 8:02:50 AM

Good to know. Very informative.
Profile Pic
doeslayersr
Champion Author Illinois

Posts:11,895
Points:1,357,680
Joined:Dec 2010
Message Posted: Apr 30, 2014 7:56:56 AM

Interesting for those willing to take the risks.
Profile Pic
wrunner
Champion Author Virginia

Posts:6,760
Points:1,622,965
Joined:Dec 2009
Message Posted: Apr 30, 2014 7:46:17 AM

A risky investment in a risky land.

Risk big for a big risky gain.

Proceed at your own risk.
Profile Pic
SiebsWI
All-Star Author Wisconsin

Posts:980
Points:310,155
Joined:Oct 2013
Message Posted: Apr 30, 2014 7:45:14 AM

Interesting
Profile Pic
CarefulDriver
Champion Author Ann Arbor

Posts:2,627
Points:700,105
Joined:Aug 2012
Message Posted: Apr 30, 2014 7:41:21 AM

It's way too cold for me.
Profile Pic
WestDriver
Champion Author Grand Rapids

Posts:2,058
Points:971,055
Joined:Oct 2006
Message Posted: Apr 30, 2014 7:40:39 AM

Most investments go broke. But some make a lot of return. Hope this one goes.
Profile Pic
335d1
Champion Author Virginia

Posts:4,661
Points:1,219,670
Joined:Feb 2011
Message Posted: Apr 30, 2014 7:28:14 AM

OK
Profile Pic
pscamp
Champion Author Ottawa

Posts:6,419
Points:872,140
Joined:May 2011
Message Posted: Apr 30, 2014 7:07:37 AM

Sigh...
Profile Pic
NotTom
Champion Author New Hampshire

Posts:7,265
Points:1,810,215
Joined:Aug 2005
Message Posted: Apr 30, 2014 7:05:03 AM

ok
Profile Pic
dwg6392
Champion Author Maryland

Posts:1,100
Points:246,320
Joined:Dec 2013
Message Posted: Apr 30, 2014 6:58:45 AM

Somebody is going to make a lot of money off of this.
Profile Pic
bar1035
Champion Author Charlotte

Posts:12,452
Points:1,785,345
Joined:Aug 2006
Message Posted: Apr 30, 2014 6:55:19 AM

Good luck with that
Profile Pic
skippypa
Champion Author Hawaii

Posts:10,762
Points:2,228,055
Joined:Jun 2008
Message Posted: Apr 30, 2014 6:13:57 AM

ok
Profile Pic
gypsymom3
Champion Author New Jersey

Posts:5,006
Points:1,044,340
Joined:Aug 2009
Message Posted: Apr 30, 2014 6:06:29 AM

ok
Profile Pic
rte3tdi
Champion Author New Hampshire

Posts:1,298
Points:873,035
Joined:Mar 2011
Message Posted: Apr 30, 2014 5:57:08 AM

And this will lower gas prices, right?
Profile Pic
BobFang
Champion Author Cincinnati

Posts:1,546
Points:393,195
Joined:Jul 2012
Message Posted: Apr 30, 2014 5:54:58 AM

He probably has a bridge he will be willing to sell to us too.
Profile Pic
dar 1
Champion Author Michigan

Posts:8,105
Points:553,945
Joined:Jan 2005
Message Posted: Apr 30, 2014 5:54:16 AM

Risky..................
Post a reply Back to Topics