Oil

As Fracking Enters A Bear Market, A Question Emerges: Is The Shale Boom Built On A Sea Of Lies?

Friday, October 10, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/10/2014 “The audience in the ballroom of the Hotel Derek included engineers for shale drillers such as Marathon, Continental and Rice. Pamela Allen, a senior reserves coordinator for Marathon, raised her hand and told Lee that she was worried that using outsized forecasts in public presentations would run afoul of... »

As WTI Drops Under $90, Russia Prepares For Great Financial Crisis With $60 Oil “Stress Case”

Thursday, October 2, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/02/2014 The plunge in the price of crude oil in the last few months has many global-recovery-truthers questioning their assumptions. Between slowing growth expectations, US (and Libya and Iraqi Kurds and Russia) supply, and Saudi Aramco cutting prices (argued as maintaining market share but has the smell of a quid... »

Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico

Saturday, September 27, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 09/27/2014 In a dramatic stroke of luck for the Kremlin, this morning there is hardly a person in the world who is happier than Russian president Vladimir Putin because overnight state-run run OAO Rosneft announced it has discovered what may be a treasure trove of black oil, one which could... »

A counter-intuitive collapse in oil could see prices drop to $70 a barrel, or even $40

Thursday, September 25, 2014
By Paul Martin

Shawn Langlois MarketWatch.com Sept 25, 2014 Rising oil prices are one thing you can usually count on when all hell breaks loose overseas. Fear of supply disruptions is catnip for black gold. Yet here we are, with the Middle East again a hotbed of fireworks and bloodshed, and still no pulse. In fact, it’s... »

The PetroYuan Cometh: China Docks Navy Destroyer In Iran’s Strait Of Hormuz Port

Sunday, September 21, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 09/21/2014 Since China fired its first ‘official’ shot across the Petrodollar bow a year ago, there has been an increasing groundswell of de-dollarization across the world’s energy trade (despite Washington’s exclamations of ‘isolated’ non-dollar transactors). The rise of the PetroYuan has not been far from our headlines in the last... »

Jim Willie: The Crash Heard Round the World- Saudis to Reject USD for Oil Payments

Sunday, September 21, 2014
By Paul Martin

SilverDoctors.com September 21, 2014 Putin kicked out the Rothschild bankers from his country. Putin interrupted the USGovt heroin trade supply routes out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China. Thus... »

Shale Fracking Is a “Ponzi Scheme” … “This Decade’s Version of The Dotcom Bubble” … “A Lot In Common With the Subprime Mortgage Market Just Before It Melted Down”

Friday, September 19, 2014
By Paul Martin

WashingtonsBlog.com September 19, 2014 A Losing Bet In 2011, the New York Times wrote: “Money is pouring in” from investors even though shale gas is “inherently unprofitable,” an analyst from PNC Wealth Management, an investment company, wrote to a contractor in a February e-mail. “Reminds you of dot-coms.” “The word in the world of... »

The REAL Reason Britain is Freaking Out About Scottish Independence

Wednesday, September 17, 2014
By Paul Martin

WashingtonsBlog.com September 17, 2014 Oil David Cameron and the British media have been freaking out about the potential Scottish independence. They’ve blathered on about “history”, “common defense” and other red herrings. But it’s really all about oil … Specifically, if Scotland becomes independent, it gets to keep 90% of the revenues from its huge... »

Petrodollar Panic: EU Officials Admit Buying Oil From ISIS

Monday, September 15, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 09/15/2014 We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their ‘recently-provisioned’ oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU... »

Why Scotland Has All The Leverage, In One Chart

Monday, September 15, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 09/15/2014 As always, the bottom line is about leverage and bargaining power. It is here that, miraculously, things once again devolve back to, drumroll, oil, and the fact that an independent Scotland would keep 90% of the oil revenues! As we showed several days ago, Scotland’s oil may be the... »

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