Oil

Looting and riots erupt in Mexico as gas prices spike 20 percent in one weekend as the government stops regulating oil prices

Thursday, January 5, 2017
By Paul Martin

Gas prices were deregulated over the weekend by President Enrique Pena Nieto who said that regulation amounted to an unfair subsidy for the wealthy Bus, taxi, and truck drivers have been hit the hardest A gallon of gas can now cost almost a day’s pay for the average worker, or several days pay to... »

Key Market In Major Trouble As Banks Now Have Near-All-Time Record Short Positions

Tuesday, December 27, 2016
By Paul Martin

KingWorldNews.com December 27, 2016 A key market is now in serious trouble as banks have established near all-time record short positions. Commercials Near All-Time Record Short Positions In Oil Below you can see the commercial short positions in the crude oil market are now close to an all-time record as the commercials have been... »

U.S. SHALE GAS INDUSTRY: Countdown To Disaster

Sunday, December 18, 2016
By Paul Martin

by SRSrocco ZeroHedge.com Dec 18, 2016 The countdown has started as the demise of the great U.S. shale gas industry has begun. This will have a disastrous impact on the U.S. economy as shale gas production declines in a big way. Unfortunately, very few Americans understand how sickly the domestic shale gas industry truly... »

WORLD ECONOMIES IN TROUBLE: Middle East Oil Exports Lower Than 40 Years Ago

Wednesday, December 7, 2016
By Paul Martin

By: Steve St. Angelo, SRSrocco Report GoldSeek.com Wednesday, 7 December 2016 Yes, it’s true. Middle East net oil exports are less than they were 40 years ago. How could this be? Just yesterday, Zerohedge released a news story stating that OPEC oil production reached a new record high of 34.19 million barrels per day.... »

How Russia Outsmarted OPEC

Tuesday, December 6, 2016
By Paul Martin

by Irina Slav via OilPrice.com, ZeroHedge.com Dec 6, 2016 Russia, along with Iran, could turn into the big winner of the agreement, enjoying high output and higher prices, which would allow it to further expand its global market share. Unless, of course, OPEC lies, as former Saudi Oil Minister Ali al-Naimi plainly said this... »

BREAKING: Oil Company Openly States They Will Defy Army Corps Order in Standing Rock

Monday, December 5, 2016
By Paul Martin

Claire Bernish TheFreeThoughtProject.com December 5, 2016 Balking at an earlier decision by the Army Corps of Engineers, Energy Transfer Partners — the company responsible for constructing the Dakota Access Pipeline — says the denial of an easement necessary to drill under the Missouri River is of no consequence for its plans to complete the... »

Republicans hit out at lame-duck Obama as his administration caves in to protesters and blocks Dakota Access pipeline

Monday, December 5, 2016
By Paul Martin

Corps of Engineers said they would not be granting an easement for the DAPL to cross Lake Oahe House Speaker Ryan called Army Corps of Engineers move ‘big-government decision-making at its worst’ Rep. Kevin Cramer, also a Republican, called it ‘chilling signal’ to those who want to build infrastructure Company behind Dakota Access Pipeline... »

OPEC Out! This week’s meeting was really a bust!

Sunday, December 4, 2016
By Paul Martin

By David Haggith TheGreatRecession.info December 3, 2016 In May, I wrote an article titled “The OPEC Epoch is Over,” which pronounced OPEC officially dead and predicted oil prices would plunge again. So far, I’ve been wrong about a second perilous plunge in oil prices. However, even as market heavyweights herald this week’s OPEC meeting... »

‘Wanna burn the US constitution? Shoot at us first’: Veterans prepare to aid DAPL protesters

Saturday, December 3, 2016
By Paul Martin

RT.com 3 Dec, 2016 US military veterans continue to arrive at Standing Rock, with up to 3,500 expected in total. They are due to meet with tribal elders to discuss how they can best help the ongoing protest, marked by heavy police force and bitterly cold weather conditions. Members of “Veterans Stand for Standing... »

Wells Fargo requests meeting with Sioux tribe elders to discuss Dakota pipeline funding

Saturday, December 3, 2016
By Paul Martin

RT.com 3 Dec, 2016 Major US lender Wells Fargo bank asked to meet with tribal leaders from the Standing Rock reservation on the same day that one of its buildings was occupied by Dakota Access Pipeline protesters. Wells Fargo, which has lent $3.7 billion to finance the crude oil pipeline being built by Energy... »

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