Oil

Crude oil edges toward $107 after Iraq refinery attacked

Wednesday, June 18, 2014
By Paul Martin

Militants may have 75% control of the oil facility By William L. Watts and Barbara Kollmeyer MarketWatch.com June 18, 2014 NEW YORK (MarketWatch) — Crude-oil prices edged higher on Wednesday, with the U.S. benchmark pushing back toward $107 a barrel after militants in Iraq attacked the country’s biggest oil refinery, underlining worries about potential... »

Jim Rickards Predicts The Dollar to “Collapse By Half” in Response to New Middle East War!

Tuesday, June 17, 2014
By Paul Martin

SilverDoctors.com June 17, 2014 “Oil is stable. What you’re seeing is the collapse of the dollar! As oil goes from $100 to $200 a barrel, I don’t think that oil doubled, what I think is that the dollar collapses by half….The Fed wants a little inflation- they’re going to find they get alot more... »

Iraq Breaks Down, Oil Surges – The Context Underlying The Growing Crisis

Tuesday, June 17, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 06/16/2014 The situation in Iraq is serious, and is probably going to get worse before it gets better. The potential for this recent action to morph into a regional conflict is very high. That means that oil could go a lot higher, and if it does, we can expect the... »

We Are So Not Prepared For Another Crude Oil Price Shock

Monday, June 16, 2014
By Paul Martin

By: John Rubino Market Oracle Jun 15, 2014 In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble. But the cost of energy can still play a role in the timing and... »

Local Analyst: Fall Of Baghdad Would Make Current Gas Prices ‘Look Like A Bargain’

Saturday, June 14, 2014
By Paul Martin

Losangeles.cbslocal.com June 13, 2014 Oil industry analysts are warning a brewing civil war between Islamic militants in Iraq could potentially send gas prices soaring here in the Southland. KNX 1070′s Pete Demetriou reports the price of crude oil has shot up to $107 per barrel – the highest in 10 months – on reports... »

X22 Report:The Middle East U.S. Puppet Regimes Are Collapsing Just Like The Economy

Wednesday, June 11, 2014
By Paul Martin

JP Morgan cuts GDP for the Q1 again to negative 1.6. Many countries and states are implementing a policy that will take money from dormant bank or pension accounts. Visa/Mastercard will introduce local processing in Russia. Sanctions on Russia could cause gas prices to rise in the EU and the US. Obamacare will hit... »

We Are Now On The Verge Of A Shocking Global Oil Shortage

Tuesday, June 10, 2014
By Paul Martin

KingWorldNews.com June 10, 2014 Today an acclaimed money manager warned King World News that the world is now on the verge of a shocking oil shortage. Stephen Leeb also issued a major warning regarding the U.S. dollar and why investors need to be extremely cautious of this currency in his fascinating interview. Leeb: “Eric,... »

China, Gold, The United States & Horrific Consequences

Tuesday, June 3, 2014
By Paul Martin

KingWorldNews.com June 3, 2014 Today an acclaimed money manager spoke with King World News about China, gold, the United States & horrific consequences. Stephen Leeb also issued a major warning regarding the U.S. dollar and why investors need to be extremely cautious of this currency in his fascinating interview. Leeb: “The big news yesterday... »

Exxon, BP Defy White House; Extend Partnership With Russia

Tuesday, May 27, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 05/27/2014 Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. To be clear, the oil companies are not legally running afoul of international sanctions. But their collective shrug in the face of European and... »

The US Shale Oil Miracle Disappears

Thursday, May 22, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 05/22/2014 The US shale oil “miracle” has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California. As... »

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