Oil

“This $550 Billion Mania Ends Badly,” Energy Companies Are “Shut Out Of The Credit Market”

Saturday, December 13, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/12/2014 “Anything that becomes a mania — it ends badly,” warns one bond manager, reflecting on the $550 billion of new bonds and loans issued by energy producers since 2010, “and this is a mania.” As Bloomberg quite eloquently notes, the danger of stimulus-induced bubbles is starting to play out... »

WTI Crashes To $57 Handle; 80% Of Shale Production Non-Economic

Friday, December 12, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/12/2014 WTI Crude just burst below $58 and is now over 46% below the peak in June. Since the initial leaks of no production cuts at OPEC, WTI is down 25% (gold and silver are up 2-4%). At these levels only 4 of the US 18 Shale Oil regions remain... »

“Massive Correction” In Energy Stocks Coming; Why The US Won’t Bail Out Its Oil Industry

Thursday, December 11, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/11/2014 Having predicted oil prices below $80 in 2014 at the beginning of the year, Saxobank’s Steen Jakobsen has a leg or two to stand on when he warns of a “massive correction” in energy stocks andthe drop in prices will rapidly become a headwind for the US economy, adding... »

WTI Crude Crashes Into The $50s

Thursday, December 11, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/11/2014 Zee overnight stabilitee (and brief dead-cat-bounce this morning) has turned into a renewed bout of selling pressure and for the first time since July 2009, WTI has broken below the $60 level. Canada Heavy is trading $42.10 (down almst $4 today!), its lowest since April 2009. Energy credit spreads... »

Norway Central Bank, Slammed By Oil Plunge, Warns Of “Severe Downturn”, Unexpectedly Cuts Rates

Thursday, December 11, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/11/2014 New oil projects are being scrapped in Norway amid falling production and low oil prices. The governor of Norway’s central bank says western Europe’s biggest oil producer is facing a major economic slowdown as crude prices continue to plunge. As Bloomberg reports, Oeystein Olsen said today after unexpectedly cutting... »

The American Miracle Idea Of Energy Independence Is Crumbling

Wednesday, December 10, 2014
By Paul Martin

by Raul Ilargi Meijer via The Automatic Earth blog ZeroHedge.com 12/10/2014 The American miracle idea of energy independence is fully reliant on a shale patch that went over $100 billion deeper into debt every year for years running just to produce that not-so-miracle. Take away 40%+ of what revenue it did take in, and... »

This Time Is The Same: Like The Housing Bubble, The Fed Is Ignoring The Shale Bubble In Plain Sight

Wednesday, December 10, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/09/2014 We are now far advanced into the third central bank generated bubble of the last two decades, but our monetary politburo has taken no notice whatsoever of its self-evident leading wave. Namely, the massive malinvestments and debt mania in the shale patch. The Rest…HERE Share on Facebook »

It Wasn’t Only China: Here Is What Else Is Crashing Overnight

Tuesday, December 9, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/09/2014 It wasn’t just China’s long overdue crash last night. In addition to the Shanghai Composite suffering its biggest plunge since August 2009, there has been a sharp slide in the USDJPY which has broken its uptrend to +∞ (and hyperinflation), and around the time Chinese gamblers were panicking, the... »

Anyone That Believes That Collapsing Oil Prices Are Good For The Economy Is Crazy

Tuesday, December 9, 2014
By Paul Martin

By Michael Snyder ZeroHedge.com December 8th, 2014 Are much lower oil prices good news for the U.S. economy? Only if you like collapsing capital expenditures, rising unemployment and a potential financial implosion on Wall Street. Yes, lower gasoline prices are good news for the middle class. I certainly would rather pay two dollars for... »

Low Oil Prices Are Putting The Freeze On Fracking Projects Around The World

Monday, December 8, 2014
By Paul Martin

Shane Ferro BusinessInsider.com Dec. 8, 2014 The collapse of oil prices may have a bigger impact on the shale boom than anyone realizes. The biggest threat may not be to the existing wells in the US, but the untapped resources around the world. According to Bloomberg, “Russia, China, Australia, Mexico and Argentina hold some... »

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