Oil

The Next Financial Tsunami Just Began in Texas

Saturday, April 18, 2015
By Paul Martin

F. William Engdahl Journal-Neo.org 17.04.2015 he last financial Tsunami was a doozer that almost destroyed the global financial system. It was the collapse of the Wall Street Mortgage Backed Securities bubble in March 2007. The results of that collapse are still very much with the world today. Never in the one hundred some years... »

US Rig Count Drops For Record 19th Week In A Row

Friday, April 17, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/17/2015 Rig counts fell for a record 19th week in a row. Total rigs dropped 34 to 954 and oil rigs dropped 26 to 374. This means the total rig count drop is now greater than 50% – the fastest drop since 1986. Crude prices had slid into the rig... »

BAKKEN COLLAPSE HAS BEGUN

Friday, April 17, 2015
By Paul Martin

James Quinn TheBurningPlatform.com 17th April 2015 Here is a chart from the good old days of late 2013. Bakken oil production was soaring past 1 million barrels per day on their way to a peak of 1.33 million barrels per day in March of 2015. It’s amazing what junk bond debt and $100 a... »

Is Saudi Arabia Setting The World Up For Major Oil Price Spike?

Friday, April 17, 2015
By Paul Martin

by Nick Cunningham via OilPrice.com ZeroHedge.com 04/17/2015 In order to maintain a grip on market share by pushing U.S. shale producers out of the market, Saudi Arabia (and OPEC) is willing to use up its spare capacity. That could lead to a price spike. Saudi Arabia produced 10.3 million barrels per day in the... »

X22 Report:Countries Around The World Are Now Dumping The Petrodollar

Friday, April 17, 2015
By Paul Martin

IMF does not foresee Greece leaving the Euro zone. More than 100,000 people laid off in oil industry. Bankruptcies and Foreclosures skyrocket. Japan is the largest US debt holder. As oil prices decrease, countries are now dumping the petrodollar. TSA is now getting weapons, DHS orders 62 millions rounds of ammo. Ukraine killing those... »

The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace

Thursday, April 16, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/15/2015 Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively... »

Total Rig Count Decline Fastest Since 1986 As Weekly Rig Count Drop Re-Accelerates

Friday, April 10, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/10/2015 With crude production and inventories hitting record highs this week, it is likely no surprise that rig counts continued to decline - falling 40 to 988 total rigs (and down 42 to 760 oil rigs). This is the 18th week in a row of total rig count declines –... »

The oil crash just swallowed up a $1 billion hedge fund

Thursday, April 9, 2015
By Paul Martin

AKIN OYEDELE BusinessInsider.com APR. 9, 2015 Kamunting Capital, formerly a $1 billion hedge fund, is shutting down. The hedge fund bet on energy junk bonds over the past year, and lost its some of fortunes as oil crashed, according to the Wall Street Journal’s Rob Copeland. The fund lost 4% last year and was... »

Job Cuts In Industries “Closely-Related” To Oil Likely To Triple, Goldman Says

Thursday, April 9, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/09/2015 “We find that in previous oil-sector downturns, job growth in non-energy sectors that are closely related to the oil & gas industry has declined by three to four times as much as the decline in oil & gas employment itself,” Goldman says, implying we’re likely to see a substantial... »

Cushing Storage Around 90% Full As Inventories Surge Most In 14 Years, Crude Plunges

Wednesday, April 8, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/08/2015 Following last night’s huge 12.2 mm barrel inventory rise estimate from API, DOE has just confirmed last week saw an almost all-time high 10.95 million barrel inventory build. This is the higest since March 2001. With today’s 1.232 million barrel addition at Cushing, Goldman estimates only about 10% of... »

Support Revolution Radio