Oil

Low Oil Prices Could Destabilize Financial System

Thursday, April 30, 2015
By Paul Martin

By Charles Kennedy OilPrice.com Thu, 30 April 2015 Could the rising levels of debt in the oil industry contribute to destabilization in the financial system? The collapse in oil prices has forced drillers to turn to debt markets to keep their operations going. According to the Wall Street Journal, there has been $86.8 billion... »

US Shale Oil and Gas Industry is a Ponzi Scheme Facing Collapse

Thursday, April 30, 2015
By Paul Martin

By Dylan Murphy Global Research April 30, 2015 The mainstream media keeps churning out good news stories about the booming shale oil and gas industry in the United States. Apparently, the fracking industry is going to lead to America becoming the next Saudi Arabia with a hundred years of oil and natural gas. It... »

We Are Witnessing A Fundamental Change In The Oil Sector

Thursday, April 30, 2015
By Paul Martin

by Arthur Berman via OilPrice.com ZeroHedge.com 04/30/2015 The world oil market is undergoing a fundamental structural change in response to expensive oil. Producers are trying to survive by limiting expenditures. While analysts have been focused on rig counts, deferred completions have emerged as the initial path to lower U.S. oil production. This unanticipated outcome... »

Oil, The Fed And The Ugly Truth About Capital Markets…”200 years ago we left Europe to found America, in part because our lives were under the thumb of oligarch’s whims, so is what is occurring now with central banks any different?”

Tuesday, April 28, 2015
By Paul Martin

By Leonard Brecken OilPrice.com Tue, 28 April 2015 As we as Americans wake up to more riots, one has to wonder if all is well with things. For six months now we have closely monitored the fundamentals of energy, witnessing an unprecedented amount of media distortions and trying to correct them one by one.... »

The West could be crippled by cyber-attack on oil refineries, power plants and electric grids, warns former NSA chief

Monday, April 27, 2015
By Paul Martin

General Keith Alexander has warned that the U.S. and her allies are at an ever growing risk of a systemic cyber-assault He predicts that energy infrastructure would be hacker’s prime target ‘We are not prepared for that,’ he warned in Texas last week Also voiced his concerns about the hacking threat from a terrorist... »

Jim Willie: This Will Be the Death Knell of the Economy

Sunday, April 26, 2015
By Paul Martin

GramsGold.com 4/26/2015 In an interview with Elijah Johnson on April 24, 2015, Dr. Jim Willie says that the low oil price, in combination with the high dollar, will spell out the death knell for the dollar. Because of the low oil prices, oil and shale companies will start to see massive bankruptcies over the... »

Half Of US Frackers Will Be Dead By Year End, Weatherford Warns

Thursday, April 23, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/23/2015 Following the CEO’s comments that over 100,000 energy jobs will be lost this year, an executive with Weatherford International – the fifth largest US fracker – has warned half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending... »

These Two Assets Show Us a Crash is Coming

Thursday, April 23, 2015
By Paul Martin

By: Graham Summers GoldSeek.com Thursday, 23 April 2015 If the foundation of the financial system is debt… and that debt is backstopped by assets that the Big Banks can value well above their true values (remember, the banks want their collateral to maintain or increase in value)… then the “pricing” of the financial system... »

Why Are Oil & Gas Workers Mysteriously Dying Across America?

Thursday, April 23, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/22/2015 Over the past several years, oil & gas workers in North Dakota, Colorado, Texas, Montana, and Oklahoma have mysteriously died while conducting routine checks of oil levels at tank batteries. In many cases, the fatalities were ruled to have been the result of natural causes. Now, it appears the... »

Oil Prices Won’t Recover Anytime Soon Says Exxon CEO

Wednesday, April 22, 2015
By Paul Martin

By Nick Cunningham OilPrice.com Wed, 22 April 2015 There is mounting evidence that oil prices are poised to rebound from a historic bust. Rig counts hit new lows each week. For the week ending on April 17, Baker Hughes says the U.S. lost an additional 34 oil and gas rigs, bringing the total down... »

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