Oil

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... »

Why The Oil Price Collapse Is U.S. Shale’s Fault

Tuesday, April 7, 2015
By Paul Martin

By Arthur Berman OilPrice.com Mon, 06 April 2015 The present oil price collapse is because of over-production of expensive tight oil. The collapse occurred because of the inability of the world market to support the cost of the new expensive oil supply from shale, oil sands and deep water. Demand was progressively destroyed during... »

Buffett Bailout? Rail-Based Oil Transit Tumbles To Lowest In Over A Year

Tuesday, April 7, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/07/2015 It appears time for the Oracle of Omaha to start pressing his bought-and-paid-for Washington well-be-dones as his immensely profitable rail freight business - built on the back of massive deflation-inducing malinvestment in US Shale businesses thanks to ZIRP and QE – is running out of steam. As WSJ reports,... »

Canada is ground zero for ‘one of the fastest and most dramatic oil price drops in history’

Tuesday, April 7, 2015
By Paul Martin

JIM RICKARDS BusinessInsider.com APR. 7, 2015 Canada is beset by the double decline of energy and its currency. The energy price collapse and the currency wars are global phenomena, but Canada is ground zero for both because of its heavy reliance on energy production and the aggressive actions of its central bank. This story... »

Many Big Guns Still Betting On Oil Comeback In 2015

Sunday, April 5, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/05/2015 Surprisingly, the flow of crude oil is still accelerating, much like the money going into crude oil funds. Three of the largest crude oil funds include USO, OIL, and UCO. UCO is unique due to the fact that it’s an exchange-traded fund that uses leverage, mostly in the form... »

What Will The Death Of The Great Bakken Oil Field Look Like??

Sunday, April 5, 2015
By Paul Martin

By: Steve St. Angelo, SRSrocco Report GoldSeek.com Sunday, 5 April 2015 Very few Americans realize just how bad the domestic energy situation will become in the next several years. While U.S. shale oil production has surged over the past five years giving Americans a false sense of energy security, the next five years will... »

The oil crash’s hidden effects are starting to show

Sunday, April 5, 2015
By Paul Martin

MOISÉS NAÍM BusinessInsider.com APR. 5, 2015 What do Russia, Exxon Mobil, and ISIS have in common? Not much, except that they’re all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world. That truth was on display in 1974, and it’s on display... »

Californians Outraged As Oil Producers & Frackers Excluded From Emergency Water Restrictions

Friday, April 3, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/03/2015 California’s oil and gas industry is estimated (with official data due to be released in coming days) to use more than 2 million gallons of fresh water per day; so it is hardly surprising that, as Reuters reports, Californians are outraged after discovering that these firms are excluded from... »

Oilfield Services Facing Years Of Decline

Thursday, April 2, 2015
By Paul Martin

By Charles Kennedy OilPrice.com Thu, 02 April 2015 Oil field services companies are in for a rough year. The firms that provide the critical services for oil drilling are often not the ones that make headlines. But they are on the front lines making sure everything runs smoothly. That includes everything from drill equipment,... »

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