Oil

$50 Oil Doesn’t Work

Tuesday, May 31, 2016
By Paul Martin

by Gail Tverberg via Our Finite World blog, ZeroHedge.com 05/31/2016 $50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil. But is $50 per barrel oil helpful? Gail Tverberg argues that it really is not. The... »

French Protests Shut Down 4 out of 5 Total Oil Refineries

Friday, May 27, 2016
By Paul Martin

SputnikNews.com 27.05.2016 Four out of the five oil refineries run by French energy firm Total remained shut down on Friday after a wave of industrial action swept the country this week, the company said in a statement. MOSCOW (Sputnik) – Total operates five of France’s eight refineries as well as nine fuel depots. The... »

Gundlach Predicts Yellen Will Be Dovish Today; Is “Quite Sure” Oil Prices Are Going Down Again

Friday, May 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/27/2016 With verious Fed presidents having whipping up the market into a hawkish frenzy in the past two weeks, leading to a dramatic repricing in summer rate hike odds with expectations for a July rate hike now over 50%, many can be “disappointed” by Yellen’s speech today, at least according... »

Oil Market Snapshots — Will oil supply glut continue, what will happen with oil prices?

Thursday, May 26, 2016
By Paul Martin

By David Haggit TheGreatRecession.info May 25, 2016 Here are several quick looks at the oil supply glut and whether it is likely to worsen, hold the same, or improve during the summer of 2016. First, a picture of the cost of the oil supply glut This snapshot of a major oil company epitomizes what... »

“The Freeze Is Finished” – Why Did Saudi Arabia Kill OPEC?

Thursday, May 26, 2016
By Paul Martin

by Nick Cunningham via OilPrice.com, ZeroHedge.com 05/26/2016 The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi Arabia and Iran, and Saudi Arabia’s willingness to go it alone will make a deal all but impossible. “I... »

French Government Promises To Deal With Unions “Extremely Firmly” As Fuel Shortages Intensify

Tuesday, May 24, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/24/2016 French police used water cannons and tear gas to break up a picket that was blocking access to a large oil refinery in the southern port area of Marseille, as Prime Minister Manuel Valls told the unions that “enough is enough.” Valls went on to say that if labor... »

De-Petrodollar-ization Esclates – China Imports Record Amount Of Russian Oil In April

Monday, May 23, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/23/2016 We have reported for years that Russia and China have been doing everything they can to displace the use (and influence) of the US dollar. Of course, as the US has been playing geopolitical games, China and Russia have been working on strengthening their relationship with one another. At... »

Why One Bank Is Urging Its Clients To Dump. Oil. Now

Monday, May 23, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/23/2016 Back in March we demonstrated how much of a historical outlier recent energy stock prices are, when we showed the ridiculous forward P/E multiple associated with energy stocks, whose earnings have collapsed not only historically but also on a forward multiple basis, resulting in a 50+ P/E forward multiple:... »

Venezuela Food Riots, Civil Unrest, Chaos as 7 Babies Die In Hospital Per Day!

Monday, May 23, 2016
By Paul Martin

by AMY S. PrepperFortress.com MAY 23, 2016 Public hospitals in Venezuela are facing a major health crisis due to a severe lack of medications, equipment, electricity and food. Seven newborn babies recently died in a hospital in Barcelona, Venezuela, according to The New York Times. A blackout hit the city, and respirators in the... »

Study confirms secret chemicals used to disperse oil in the Gulf cause cancer…(And Again, Nobody Goes To Jail…)

Sunday, May 22, 2016
By Paul Martin

by: Jonathan Benson NaturalNews.com Sunday, May 22, 2016 In the days following the massive Deepwater Horizon oil disaster that occurred in the Gulf of Mexico back in April 2010, BP and federal authorities began dousing Gulf waters with secret dispersant chemicals designed to break up oil and prevent it from reaching shores. But a... »

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