Oil

Alberta Loses Most Jobs In 34 Years As Oil Crunch Cripples Labor Market

Wednesday, January 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/27/2016 Times are tough in Alberta and to be sure, we’ve piled it on heavy when it comes to cataloguing the long list of pitiable outcomes that have accompanied crude’s steep slide. The province is at the center of Canada’s dying oil patch and as crude extended its seemingly endless... »

US, Britain, France Ready Military Action In Libya As ISIS Closes In On Country’s Oil

Wednesday, January 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/27/2016 On January 19, representatives from Libya’s rival factions negotiating in Tunis announced they had formed a unity government comprised of a new 32-member cabinet. Yay. Six days later, lawmakers for the country’s internationally-recognized Parliament in Tobruk rejected the proposal. Damn. “The Parliament rejected the 32-member cabinet out of concern... »

JIM ROGERS on 2016 & GLOBAL ECONOMY – Says Get Prepared, Be Worried, Things Will Get Worse

Wednesday, January 27, 2016
By Paul Martin

InvestmentWatchblog.com January 27th, 2016 JIM ROGERS on 2016 & GLOBAL ECONOMY – Says Get Prepared, Be Worried, Things Will Get Worse We are now paying for the excesses of the past and everything is going to go down more than it should, says Jim Rogers, US investor and author. Meanwhile, China may play a... »

US Crude Inventories Are The Highest Since The Great Depression

Wednesday, January 27, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/27/2016 In case you were under the impression that oil was stabilizing, we thought this chart might help clarify just how “different” it is this time in the energy complex… U.S. crude inventories are at levels last seen when President Herbert Hoover was battling the Great Depression. After this week’s... »

Banks Much Deeper in the Hole on Oil & Gas Collateral than they Pretend…“All of it is in the gutter.”

Tuesday, January 26, 2016
By Paul Martin

by Wolf Richter WolfStreet.com January 25, 2016 An asset is ultimately worth what a buyer is willing and able to pay for it. That price turns out to be terribly low for oil and gas assets. This is a big problem for banks, which used these assets as collateral for energy loans they extended... »

A Constant Short Squeeze Threat: Oil Shorts Are At All-Time Highs

Tuesday, January 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/26/2016 While market participants will hardly need the caution, having experienced historic moves in the oil complex over the past few days including the biggest two-day surge in seven years at the end of last week, one reason why oil remains so remarkably jumpy on even the tiniest hint of... »

Bad Loans Pile Up In Alberta, As Oil Bust Weighs On State Lender

Monday, January 25, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/25/2016 Critics of today’s fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has been dismissed by the vast majority who benefit from... »

Texas Economy Collapses – Dallas Fed Survey Crashes To 6-Year Lows As “D” Word Is Uttered

Monday, January 25, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/25/2016 For the 13th month in a row, The Dallas Fed Manufacturing Outlook was contractionary with a stunning -34.6 print following December’s already disastrous collapse back to -20.1, post-crisis lows. With “hope” having plunged back into negative territory (-2.2) in December, January saw a complete collapse to -24.0 as one... »

Is Russia Imploding In Front Of Our Eyes… Again?

Sunday, January 24, 2016
By Paul Martin

by Secular Investor ZeroHedge.com 01/24/2016 Certain countries are starting to feel the pain of the low oil prices. In a previous column, we already warned you about the potential problems in Saudi Arabia that might spill over to the USA. Saudi Arabia was quickly moving towards a government deficit of almost 22% of the... »

Risk Premium Returns To Oil Markets As Geopolitical Tensions Rise

Saturday, January 23, 2016
By Paul Martin

By Argus Media OilPrice.com Sat, 23 January 2016 Geopolitical risk premiums are likely to return to oil markets as the possibility of an attack on a large petroleum facility grows significantly amid rising tensions in the Middle East, possibly putting a floor on prices. “The risk of an attack is greater than 50pc, which... »

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