Oil

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... »

The Chart That Will Make Every American Driver Angry

Wednesday, May 18, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/18/2016 When crude oil prices started to collapse, the great American unwashed were told – day after day – that low oil prices were “unequivocally good” for them. That myth was destroyed as rent, healthcare, and debt-reduction trumped consumer gains. However, as angry Americans are seeing every day now, gas... »

Fracking is now leaving American rivers tainted with a toxic cocktail of Radium and Lead

Tuesday, May 17, 2016
By Paul Martin

by: David Gutierrez NaturalNews.com Tuesday, May 17, 2016 Thousands of spills of fracking wastewater in North Dakota alone, have heavily contaminated rivers and streams with heavy metals, radioactive materials and toxic, corrosive salts, according to a peer-reviewed study conducted by researchers from Duke University, and published in the journal Environmental Science & Technology. “Until... »

Tightening Belts: US Oil and Gas Refining Industry Bracing for Harsh Times

Friday, May 13, 2016
By Paul Martin

SputnikNews.com 13.05.2016 American independent refiners like Marathon Petroleum and Phillips 66 are delaying projects and reducing production amid a glut in the global crude market. The oversupply in the market has ended a golden era of high margins in the petroleum industry, according to Reuters. Over the past six years, American oil companies have... »

The OPEC Epoch is Over – Where are oil prices headed now?

Friday, May 13, 2016
By Paul Martin

By David Haggith TheGreatRecession.info May 12, 2016 The fate of oil companies and nations hangs in the balance of oil prices. Russia could go broke. Some think that’s by US design. Saudi Arabia could experience its Arab Spring if oil prices remain too low too long. And OPEC is dead. That’s the biggest news... »

Nearly 90,000 gallons of Shell crude oil pours into Gulf of Mexico…(Good Grief…)

Friday, May 13, 2016
By Paul Martin

RT.com 13 May, 2016 For thirteen miles towards the horizon and two miles across, some 90,000 gallons of crude oil shimmered in the Gulf of Mexico after a spill Thursday evening. A clean-up effort is now underway. Its source was a Shell Offshore Inc. facility off the coast of Louisiana. The accident was contained... »

Oil “Rebalancing” In Jeopardy After Iran Output Soars To Pre-Sanction Levels, Russia “Pours Cold Water” On OPEC Forecast

Friday, May 13, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/13/2016 The biggest non-OPEC member disagreed with OPEC’s latest rosy – if only for OPEC countries – assessment, when Russia poured cold water on the notion that recent falls in production in the Americas, Asia and Africa had wiped out a global production and storage overhang. Russian Energy Minister Alexander... »

Fracking runoff often leaves wastewater too toxic to be reused for drinking… so it’s being dumped on our farmland instead

Thursday, May 12, 2016
By Paul Martin

by: Isabelle Z. NaturalNews.com Thursday, May 12, 2016 The runoff from fracking results in wastewater that is considered too toxic for anyone to drink, so why is it being dumped on farmland instead? Fracking, or hydraulic fracturing, entails injecting water, sand and various chemicals underneath the ground to stimulate the flow of gas so... »

Two More Energy Companies Go Bankrupt: Linn Energy, Penn Virgina File Chapter 11

Thursday, May 12, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/12/2016 We can now add two more major names succumbing to the Saudi onslaught against marginal shale producers when overnight first Linn Energy announced a prepackaged Chapter 11 deal, followed by Penn Virginia defaulting just hours later. In the first case, oil and gas producer Linn Energy LLC filed for... »

Earthquakes in US State of Oklahoma Prompt Call for Oil Exploration Halt

Monday, May 9, 2016
By Paul Martin

SputnikNews.com 09.05.2016 Center for Biological Diversity (CBD) stated that it is clear that fracking is increasing the amount of earthquake activity near and around drilling sites in the United States. WASHINGTON (Sputnik) — The US government needs to revoke oil and gas leases recently issued in the central United States because of more than... »

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