Oil

The Oil And Gas Credit Collapse Is Going To Be Catastropic – Dave Kranzler

Friday, January 22, 2016
By Paul Martin

We’re headed toward another big credit explosion and I think what’s happened in the oil market is will trigger that. The perfect poster-child of what’s going to happen to the stock market is what’s happened to Kinder Morgan stock. – interview with CrushTheStreet.com TheNewsDoctors.com Thu, Jan 21st, 2016 It speaks volumes about the corrupted... »

Who Is Right: Stocks Point To A Half-Recession; Oil Screams A Global Depression

Thursday, January 21, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/21/2016 According to stocks, a half-recession is precisely where the US was as of roughly noon yesterday, when the S&P touched an intraday low of 1812. This represents a 15% drop from the all time high close of 2,131 last summer. It also represents half the post-World War II average... »

Shell Fires 10,000 Workers

Thursday, January 21, 2016
By Paul Martin

By Douglas A. McIntyre Yahoo.com January 20, 2016 As its fortunes collapse due to falling oil prices, Royal Dutch Shell PLC (RDS-B) will fire 10,000 people in an effort to bolster margins. Shell’s drive to improve competitive performance is delivering at the bottom line. Operating costs have reduced by $4 billion, or around 10%... »

EXCLUSIVE: The Secret Behind the Next Global Crash

Thursday, January 21, 2016
By Paul Martin

Pepe Escobar SputnikNews.com 21.01.2016 The World Economic Forum in Davos is submerged by a tsunami of denials, and even non-denial denials, stating there won’t be a follow-up to the Crash of 2008. Yet there will be. And the stage is already set for it. Selected Persian Gulf traders, and that includes Westerners working in... »

A Glimpse Of Things To Come: Bankrupt Shale Producers “Can’t Give Their Assets Away”

Wednesday, January 20, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/20/2016 The end of America’s oil “miracle” is coming and there’s nothing Wall Street can do to stop it. At this point in the game, no one is going to finance the oil patch’s cash flow deficits and the fundamentals in the oil market are laughably bad. As Bloomberg reports,... »

WORSE than 2008: Warning for global economy as China and oil threaten to destabilise WORLD

Wednesday, January 20, 2016
By Paul Martin

BRITAIN and the world could be about to enter a recession that will be more brutal than 2008 thanks to China’s slowing economy, experts fear. By LANA CLEMENTS Express.co.uk Wed, Jan 20, 2016 China’s has the second largest economy in the world and represents around 12 per cent of global GDP and 18 per... »

Canada Disappoints, Keeps Rates Unchanged As Oil Patch Burns

Wednesday, January 20, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/20/2016 On Tuesday in “Canada Set To Unleash Negative Rates As Oil Patch Dies, Depression Deepens,” we outlined the dilemma facing Stephen Poloz and the BOC. If the central bank cuts rates and drives the loonie lower, Poloz may be able to keep the CAD price of WCS above the... »

Oil Price Collapse Pushing Russia’s Economy To The Edge

Tuesday, January 19, 2016
By Paul Martin

By Andy Tully OilPrice.com Mon, 18 January 2016 The price of oil is falling faster than Russia can adjust its budget. In June 2014, the global price of oil was over $110 per barrel. But due to a glut in supplies from elevated production from North America, Russia, as well as OPEC countries, oil... »

Refugee crisis ‘just precursor’ to much bigger event…”Collapse in oil prices could bring historic shift in populations”

Tuesday, January 19, 2016
By Paul Martin

LEO HOHMANN WND.com Jan. 19, 2016 The founder of the World Economic Forum, which will hold its annual meeting this weekend in Davos, Switzerland, is predicting that falling oil prices could worsen the migrant crisis and bring chaos to Europe. “Look how many countries in Africa depend for their income from oil exports,” Klaus... »

Canada Set To Unleash Negative Rates As Oil Patch Dies, Depression Deepens

Tuesday, January 19, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/19/2016 Canada’s oil “dream” is dying thanks to the inexorable slide in crude prices and as the IEA made clear earlier today, the pain is set to persist for the foreseeable future as the world “drowns in oversupply.” Now, the Bank of Canada must make a choice: cut to support... »

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