Oil

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... »

Something Stunning Is Taking Place Off The Coast Of Singapore

Friday, May 20, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/20/2016 “I’ve been coming to Singapore once a year for the last 15 years, and flying in I have never seen the waters so full of idle tankers,” – Senior European oil trader a day after arriving in the city-state. Back in November, when the world-record crude inventory glut was... »

North Dakota’s murky situation: 1-in-3 fracking wells in the state has had a leak… 9,700 wells in total

Thursday, May 19, 2016
By Paul Martin

by: Daniel Barker NaturalNews.com Thursday, May 19, 2016 The environmental damage and subsequent health risks caused by the fracking industry are far greater than previously thought, according to a recent Duke University study that examined fracking spills in North Dakota. In North Dakota, around 9,700 oil and gas wells have been drilled in the... »

Crude Oil’s Doomed Rally

Wednesday, May 18, 2016
By Paul Martin

By: Rick Ackerman, Rick’s Picks GoldSeek.com Wednesday, 18 May 2016 Tuesday’s rally tiptoed oh-so-coyly up to the secondary pivot of the pattern shown. We’ve been using it to stay confidently on the right side of crude’s balky, doomed rally. Price action has now confirmed the pattern with precise hits at both the middle and... »

Support Revolution Radio