Oil

Saudi Arabia Refuses To Cut Oil Output Even If Non-OPEC Members Do

Sunday, December 21, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/21/2014 As even Reuters observes this morning when discussing the ongoing crude rout, “the market slide has triggered conspiracy theories, ranging from the Saudis seeking to curb the U.S. oil boom, to Riyadh looking to undermine Iran and Russia for their support of Syria.” It appears said theories will continue... »

How the CIA Launched the «Financial Pearl Harbor» Attacks on Russia and Venezuela

Sunday, December 21, 2014
By Paul Martin

Wayne MADSEN Strategic-Culture.org 20.12.2014 Central Intelligence Agency director John Brennan’s long familiarity with Saudi Arabia, owing to the time he spent there as the CIA station chief in Riyadh in the 1990s and his knowledge of Saudi oil operations, has paid off. Petroleum industry insiders claim that Brennan’s agents inside Saudi Aramco convinced the... »

“Houston, You Have A Problem” – Texas Is Headed For A Recession Due To Oil Crash, JPM Warns

Sunday, December 21, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/21/2014 Fast forward to today when we are about to learn that Newton’s third law of Keynesian economics states that every boom, has an equal and opposite bust. Which brings us to Texas, the one state that more than any other, has benefited over the past 5 years from the... »

Oil Drilling Our Way Into Oblivion

Saturday, December 20, 2014
By Paul Martin

By: Raul I Meijer Market Oracle Dec 20, 2014 Oh, that sweet black gold won’t leave us alone, will it? West Texas Intermediate went through some speedbumps Friday, but ended over +5%, though still only at $57. Think them buyers know something we don’t? I don’t either. I see people covering lousy bets. And... »

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

Saturday, December 20, 2014
By Paul Martin

By Ellen Brown Global Research December 20, 2014 The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last... »

Why The US Is About To Be Flooded With Record Oil Production Due To Plunging Oil Prices

Friday, December 19, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/19/2014 One would think that plunging oil prices and the resulting mothballing (or bankruptcy) of the highest-cost domestic producers would lead to a collapse in US oil production. And sure enough, if looking simply at headline data like the Baker Hughes count of active rigs in the US, then US... »

Checkmate: Is Russia Selling Oil For Gold?…”This is called “Checkmate”, ladies and gentlemen. The game is over.”

Friday, December 19, 2014
By Paul Martin

SilverDoctors.com December 19, 2014 Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future. No matter how strange it may seem, but right now, Putin is selling Russian oil and gas ONLY for physical gold. How long will the West be... »

How Obama and his environmental base are planning to eradicate the oil and gas industry

Friday, December 19, 2014
By Paul Martin

Sue-and-settle means the people are funding this assault by radicals on our economic future by Ron Arnold CFact.org December 14, 2014 Why does the Environmental Protection Agency’s regulatory war against hydraulic fracturing look like the Natural Resources Defense Council’s 2007 agenda for eliminating domestic oil and natural gas development? Because it is. President Obama... »

US Oil Rig Count Tumbles Most In Over 5 Years,”Demand From Oilfield Customers Dropping Rapidly”

Friday, December 19, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/19/2014 “Unequivocally” not good. Following last week’s surge in initial jobless claims for ‘Shale’ states, Baker Hughes confirms rig counts continue to tumble. The last two weeks have seen the total US rig count fall the most since 2009 (and Canada down 9.3% this week alone). Seemingly confirming this weakness,... »

Yellen Decoupled Stocks From Oil, BofA Warns It Won’t Last

Friday, December 19, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/19/2014 As we have noted in the last two days, on the heels of Janet Yellen’s mutterings, US equity markets have exploded higher even as the highly correlated and causative oil prices have done anything but rise. This ‘fact’ has not escaped BofA’s Hans Mikkelsen’s attention as he warns, “While... »

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