Oil

Saudi Economic Collapse Leaves 16,000 Foreign Workers Abandoned In Labor Camps

Tuesday, August 9, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 9, 2016 Sinking oil prices and a full blown liquidity crisis has brought the Saudi Arabian economy to screeching halt, a topic we’ve explored on various occasions. The Saudi construction industry has been among the hardest hit as government building contracts have disappeared and bank financing has dried up... »

3 Morgan Stanley Expects Oil To Hit $35 In A Few Weeks: Here’s Why

Tuesday, August 9, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 9, 2016 Morgan Stanley’s Adam Longson confirmed overnight that he isn’t going to change his bearish oil call any time soon, with a warning that “very little has been addressed fundamentally to correct these problems. Greater headwinds lay ahead, especially for crude oil. In fact, we would argue that... »

The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs

Friday, August 5, 2016
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com August 4th, 2016 Not all jobs are created equal. There is a world of difference between a $100,000 a year energy industry job and a $10 an hour job running a cash register at Wal-Mart. You can comfortably support a middle class family on $100,000 a year, but there is... »

Blood Continues To Flow As Precious Metals Rally…”Investors need to prepare themselves for the coming collapse of most paper assets and real estate values.”

Wednesday, August 3, 2016
By Paul Martin

SilverDoctors.com August 3, 2016 Many analysts have been forecasting a huge deflation with falling gold and silver prices. I don’t think this will happen. Gold and silver may have different plans, especially if we see more problems coming out of the European banks. Investors need to prepare themselves for the coming collapse of most... »

As Oil Crashes Under $40, How Much Further Can It Drop

Tuesday, August 2, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 2, 2016 What is next for oil now that key support is broken?: some thoughts from BofA’s chief technician, Paul Ciana: Oil has reached the triangle top target (40.80) we reported on in early July. Today oil is extending its decline, breaking the 200d SMA and testing support at... »

The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy

Tuesday, August 2, 2016
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com August 1st, 2016 This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, the price of oil is crashing again, and... »

Slippery Oil Prices Plunge Over Cliff into Bear Market

Monday, August 1, 2016
By Paul Martin

By David Haggith TheGreatRecession.info August 1, 2016 Oil today plunged quickly below $40 per barrel, taking oil prices down more than 20% from their high a little over a month ago. That officially defines a bear market in oil. As of today, oil has also moved below its 50-day, 100-day and 200-day moving averages.... »

As Oil Tumbles, Just How (Massively) Overpriced Are Energy Companies? Here Is One Answer…” energy companies appear to be overpriced about 100% relative to fundamentals.”

Monday, August 1, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 1, 2016 Back in March, when oil was aggressively rising from its February lows and the market was happily extrapolating a rebound to more traditional levels, around $60-70bbl on hopes of a supply reduction from OPEC, we showed a dramatic chart of the energy sector’s forward PE, which had... »

Ominous Oil-Equity Divergence Looms As WTI Crashes To 4-Month Lows

Monday, August 1, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 1, 2016 This is a crucial level as BofA warns, should oil slice through $40/bbl, attention will quickly switch to weak oil, weak Chinese renminbi and weak credit in a repeat of last summer. Who needs oil when you have ‘apps’ and ‘eyeballs’? Bloomberg highlights a chart ZH readers... »

Saudis Slash Oil Prices For Asian Markets; So Much For Solving That Banking Liquidity Crisis

Monday, August 1, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 1, 2016 Shortly after we spoke yesterday about the banking liquidity crisis in Saudi Arabia caused by the “Saudi circ ref” (low oil prices -> budget deficits -> more oil pumping -> even lower oil prices), almost on cue, the state-owned Saudi Aramco, the worlds largest oil exporter, announced... »

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