Oil

Are Central Banks Running the Oil Market or Just the World?

Monday, May 2, 2016
By Paul Martin

By David Haggith TheGreatRecession.info May 2, 2016 The question begs for conspiracy theories to satisfy it, but one might more aptly say that central banks beg for conspiracy theories to explain them, since they operate in the shadows while being given charge of all the financial systems of all the world’s greatest economies. Central... »

Canada’s oil and gas industry could be ‘lower for a long time, possibly forever’

Sunday, May 1, 2016
By Paul Martin

David Yager, OilPrice.com BusinessInsider.com May 1, 2016 Never is a long time. The dictionary definition is, “at no time in the past or future; on no occasion; not ever.” In the volatile oil and gas industry, those who try to look that far into the future and predict anything with certainty are invariably wrong.... »

Texas’s Toxic Rivers: Fracking Chemicals Seep Into Waterways After Floods

Sunday, May 1, 2016
By Paul Martin

SputnikNews.com 01.05.2016 The floods Texas has experienced recently have inundated oil wells and fracking sites resulting in the flushing of oil and fracking chemicals into local rivers. Emergency management officials in Texas have mobilized the Civil Air Patrol to photograph possible oil spills and leaks around the flood regions where a catastrophe could be... »

Oil’s Latest Casualty: Saudi Binladin Group Fires 50,000, A Quarter Of Its Workforce

Saturday, April 30, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/30/2016 In the latest clear sign that low oil prices are taking their indirect toll not only the US shale sector, leading to billions in capex cuts and hundreds of thousands of lost oil and gas jobs, on Friday Saudi newspaper al-Watan reported that the multinational construction conglomerate Saudi Binladin... »

The Calm Before the Coming Global Storm

Friday, April 29, 2016
By Paul Martin

Pepe Escobar SputnikNews.com 29.04.2016 Major turbulence seems to be the name of the game in 2016. Yet the current turbulence may be interpreted as the calm before the next, devastating geopolitical/financial storm. Let’s review the current state of play via the dilemmas afflicting the House of Saud, the EU and BRICS members Russia, Brazil... »

Why Canada’s Oil Industry May Never Be The Same

Friday, April 29, 2016
By Paul Martin

by David Yager via OilPrice.com, ZeroHedge.com 04/29/2016 It is increasingly certain that the future will not be like the past. Previous downturns have been equally devastating but the primary causes eventually reversed themselves; low commodity prices recovered and damaging government policies were rescinded. This recovery will be different for a variety of reasons which... »

OPEC Set To Pump Even More Oil In April As Saudi Arabia Boosts Exports To Near-Record High Levels

Friday, April 29, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/29/2016 In one of the least surprising highlights from the ongoing earnings season, yesterday we reported that as oil continues to rise, US shale companies are starting to resume mothballed production. And now, according to the latest Reuters production survey, in the aftermath of the failed Doha oil freeze agreement,... »

WTI Crude Soars To $46 – Highest In 5 Months

Thursday, April 28, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/28/2016 The panic-buying continues in the crude complex. Oil prices are up for the 3rd day in a row, trading up to $46 for the first time since December 4th 2015. Despite continued growth in inventories and worse than expected economic growth, it appears speculative traders in black gold just... »

Fracking activity turns river into raging FIRE in shocking video from Australia

Wednesday, April 27, 2016
By Paul Martin

by: J. D. Heyes NaturalNews.com Wednesday, April 27, 2016 An amazing and, if legitimate, shocking, video out of Australia that is going viral purports to show someone lighting methane gas on fire in an river near a fracking operation. The video (which you can see here) was reportedly shot in Queensland, where gas was... »

The “Fracklog Trigger”: Why 500,000 Barrels Of Shale Crude Could Hit The Market At Any Moment

Tuesday, April 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/26/2016 Drilled, uncompleted wells could return 500,000 barrels a day back to the market, according to Richard Westerdale, a director at the U.S. State Department’s Bureau of Energy Resources. The inventory of wells is known as the fracklog. “Once we start approaching $45 and above, the risk of a much... »

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