Oil

North Dakota’s Economy Has Been “Completely Devastated” By Oil’s Collapse

Friday, February 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 02/05/2016 Yesterday, on the way to documenting the malaise China’s hard landing has inflicted on Minnesota’s mining country, we discussed the dramatic impact falling crude prices have had on the American and Canadian oil patches. Take Texas, for instance, where a year of crude carnage has wreaked havoc upon what,... »

ANOTHER NAIL IN THE COFFIN OF THE U.S. EMPIRE: Collapse Of Shale Gas Production Has Begun

Friday, February 5, 2016
By Paul Martin

SilverDoctors.com February 5, 2016 The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun. From the SRSRocco Report: This is just another nail in a series of nails that have been driven into the U.S. Empire coffin. Unfortunately, most investors don’t pay attention to what is... »

Oil Price Fall Brings Significant Losses for Big Producers

Friday, February 5, 2016
By Paul Martin

By Nick Beams Global Research February 05, 2016 The initial response of economic “conventional wisdom” to the slide in oil prices over the past 20 months—down from $110 per barrel in June 2014 to levels approaching $30—was that, whatever the impact on oil-exporting countries, it would aid the global economy because it would lift... »

The Great Crisis Has Officially Begun (Oil is Just the Start)

Thursday, February 4, 2016
By Paul Martin

by Phoenix Capital Research ZeroHedge.com 02/04/2016 It would be a lot easier to be bullish today if the entire financial system wasn’t based on fraud and BS. Every explanation we see regarding the bull market in stocks is really just a cover for the fact that Central Banks spent $14 trillion propping up the... »

Four Days After Predicting Oil Will Double, T. Boone Pickens Sells All Oil Holdings

Thursday, February 4, 2016
By Paul Martin

by Tyler Durden ZeroHedege.com 02/04/2016 Just four days ago, on Monday afternoon, “legendary” oilman T Boone Pickens said that crude has hit bottom at $26 per barrel, and predicting that prices should double within 12 months. Pickens then doubled-down on his wrong call from last year, telling CNBC’s “Squawk Box” that oil prices will... »

Another Nail In The US Empire Coffin: Collapse Of Shale Gas Production Has Begun

Saturday, January 30, 2016
By Paul Martin

Via SRSroccoReport.com, ZeroHedge.com 01/30/2016 Without energy, the U.S. economy would grind to a halt. All the trillions of Dollars in financial assets mean nothing without oil, natural gas or coal. Energy drives the economy and finance steers it; and the financial industry is driving us over the cliff. The U.S. Empire is in serious... »

Crushed Currency, Oil, Domestic Demand Broadside Small Businesses in Canada, Worst since March 2009…”Alberta Falls off the Chart.”

Saturday, January 30, 2016
By Paul Martin

by Wolf Richter WolfStreet.com January 29, 2016 Owners of small businesses in Canada have been feeling the blues for months. And in January, their optimism dropped to the lowest level since March 2009, the trough of the Financial Crisis. That’s what the Canadian Federation of Independent Business (CFIB) reported. Its Business Barometer has a... »

World Bank and IMF in emergency BAILOUT talks to save countries from bankruptcy over oil

Thursday, January 28, 2016
By Paul Martin

TUMBLING oil prices are plunging emerging economies into financial crisis, sparking what could be the start of a global economy meltdown. By LANA CLEMENTS Express.co.uk Thu, Jan 28, 2016 The International Monetary Fund (IMF) and the World Bank are extremely worried about the financial stability of Brazil, Venezuela and Ecuador, which are heavily reliant... »

Alberta Loses Most Jobs In 34 Years As Oil Crunch Cripples Labor Market

Wednesday, January 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/27/2016 Times are tough in Alberta and to be sure, we’ve piled it on heavy when it comes to cataloguing the long list of pitiable outcomes that have accompanied crude’s steep slide. The province is at the center of Canada’s dying oil patch and as crude extended its seemingly endless... »

US, Britain, France Ready Military Action In Libya As ISIS Closes In On Country’s Oil

Wednesday, January 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/27/2016 On January 19, representatives from Libya’s rival factions negotiating in Tunis announced they had formed a unity government comprised of a new 32-member cabinet. Yay. Six days later, lawmakers for the country’s internationally-recognized Parliament in Tobruk rejected the proposal. Damn. “The Parliament rejected the 32-member cabinet out of concern... »

Support Revolution Radio