Oil

Oil Prices Most Volatile Since 2009…”oil production is still running way above demand”

Friday, February 6, 2015
By Paul Martin

By Nick Cunningham OilPrice.com Fri, 06 February 2015 The nearly 20 percent rally in oil prices over the past week raised hopes in the oil industry that the financial bloodshed might be over. But hopes were quickly dashed on February 4 when prices erased much of their gains – March deliveries of WTI dropped... »

DECLINE OF THE U.S. EMPIRE: Due To The Worst Oil Productivity In The World

Friday, February 6, 2015
By Paul Martin

By: Steve St. Angelo, SRSrocco Report GoldSeek.com Friday, 6 February 2015 The U.S. Empire continues to disintegrate from within due to the worst oil productivity in the world. This collapse is due to a falling EROI – Energy Returned On Invested. While this has been a long and ongoing process, the rate of decline... »

Legendary Jeremy Grantham Warns Nothing Like This Has Ever Been Experienced Before

Friday, February 6, 2015
By Paul Martin

KingWorldNews.com February 06, 2015 Oil’s Well At The Oil Well – In the latest GMO market letter, Jeremy Grantham walks us through some fascinating aspects of the fracking influence in today’s oil market and the economy. Here’s a bit (editor’s note: the $32 per barrel price he notes is where North Dakota Williston Crude... »

Absolutely Shocking Developments In Crude Oil, CRB Index And What This Means For Gold And Silver

Thursday, February 5, 2015
By Paul Martin

KingWorldNews.com February 05, 2015 Today King World News is pleased to share a fantastic piece which reveals absolutely shocking developments in crude oil and the CRB Index as well as what this means for the gold and silver markets. This piece also includes 4 remarkable illustrations that all KWN readers around the world must... »

Layoffs Surge 17.6% YoY, Shale State Joblessness Soars, Initial Jobless Claims Rise

Thursday, February 5, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 02/05/2015 It all makes perfect sense. Challenger announced this morning that layoffs in January soard 17.6% year-over-year with planned job cuts at the highest level in almost 2 years… Jobless claims in Shale states continues to trend higher as oil prices collapse… but initial jobless claims beat expectations – hovering... »

It Is About To Get Ugly: Oil Is Crashing And So Is Greece

Wednesday, February 4, 2015
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com February 4th, 2015 The price of oil collapsed by more than 8 percent on Wednesday, and a decision by the European Central Bank has Greece at the precipice of a complete and total financial meltdown. What a difference 24 hours can make. On Tuesday, things really seemed like they were... »

Obama’s New Budget Does Stricken Oil And Gas Industries No Favors

Wednesday, February 4, 2015
By Paul Martin

By Colin Chilcoat OilPrice.com Tue, 03 February 2015 President Barack Obama’s 2016 budget proposal is out; enjoy it while it lasts. The budget proposal features a significant boost in federal spending for green-energy technologies and carbon-critical policies – all initiatives likely to be met with staunch GOP opposition on Capitol Hill. First on the... »

Massive Crude Inventory Build Sends WTI Crude Plunging Back Towards $50

Wednesday, February 4, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 02/04/2015 Against Reuters expectations of a 3.25 million barrel build, DOE reports a 6.3 million barrel build… Just 24 hours after Jim Cramer proclaimed, “this smells like a bottom” in crude oil, the crucial commodity (though it is unclear whether lower oil is good or bad today for now) appears... »

Another Conspiracy Theory Becomes Fact: The Entire Oil Collapse Is All About Crushing Russian Control Over Syria

Tuesday, February 3, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 02/03/2015 While the markets are still debating whether the price of oil is more impacted by the excess pumping of crude here, or the lack of demand there, or if it is all just a mechanical squeeze by momentum-chasing HFT algos who also know to buy in the milliseconds before... »

Oil Majors’ Profits Take A Beating

Tuesday, February 3, 2015
By Paul Martin

By Nick Cunningham OilPrice.com Tue, 03 February 2015 The first quarterly earnings reports since the collapse of oil prices are in and the numbers show a significant deterioration in profits for the oil majors. Royal Dutch Shell went first on January 29, revealing a big jump from the same quarter a year ago, but... »

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