Oil

Texas is in trouble

Monday, March 30, 2015
By Paul Martin

Texas hasn’t been this bad in 2 years MYLES UDLAND BusinessInsider.com MAR. 30, 2015 The crash in oil prices is hammering the Texas economy. The latest manufacturing outlook index from the Dallas Fed plunged again in March, to -17.4 from -11.2 in February, indicating deteriorating business conditions in the state. Expectations were for the... »

$20 Oil Looms As Iran-Nuclear Deal Nears Deadline

Monday, March 30, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/30/2015 As the deadline for Iran nuclear talks looms, the possibility of a deal which in some way lifts crude export sanctions is starting to be realized. As we warned 2 weeks ago, despite all the rhetoric, a confluence of political factors makes a deal highly likely at this point;... »

NUMBERS PROVE IT: The U.S. Oil Industry Is In Serious Trouble

Friday, March 27, 2015
By Paul Martin

By: Steve St. Angelo, SRSrocco Report GoldSeek.com Friday, 27 March 2015 There is this silly notion that the United States will become energy independent in the next several years, thus making it unnecessary to import oil from Middle Eastern countries such as Saudi Arabia. While some fairy tales in life may come true…. U.S.... »

Oil Slides As Inventories Trump Iran-Yemen Push-Pull

Friday, March 27, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/27/2015 Crude oil prices have rallied sharply this week on headlines that a coalition of Sunni-ruled nations initiated airstrikes on Yemen against Shiite Houthi rebels. Goldman’s Damian Courvalin notes that this rally reversed the sell-off that occurred in part on the rising odds of a deal with Iran being reached.... »

The World’s Greatest Oil Chokepoints, And Why Yemen Matters

Thursday, March 26, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/26/2015 About half the world’s oil production is moved by tankers on fixed maritime routes, according to Reuters. The blockage of a chokepoint, even temporarily, can lead to substantial increases in total energy costs and thus, these checkpoints are crucial to global energy security. While Hormuz remains the largest chokepoint... »

Oil Surges, Gold and Silver Spike as Saudi Arabia Bombs Yemen

Thursday, March 26, 2015
By Paul Martin

By: GoldCore GoldSeek.com Thursday, 26 March 2015 – Geopolitical tensions in Middle East escalate dramatically as Saudi Arabia bombs Yemen - Yemen’s government seized power in coup – Regarded as hostile to Saudi and ally of Iran – Saudi attack is an escalation of Middle Eastern proxy war between Gulf States and Iran –... »

Three Triggers That Will Send Oil Crashing Again

Tuesday, March 24, 2015
By Paul Martin

By Charles Kennedy OilPrice.com Tue, 24 March 2015 Oil prices bounced back on March 24 on a sliding U.S. Dollar, but the pain may not be over yet. Oil storage capacity continues to deplete. Storage levels at Cushing, Oklahoma, home to the crucial WTI benchmark, are at record levels. As of March 13, Cushing... »

The Perfect Storm For Oil Hits In Two Months: US Crude Production To Soar Just As Storage Runs Out

Sunday, March 22, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/21/2015 At the current rate of record oil production, storage will be exhausted in under two months, some time in mid-May. At that point, with no more storage to buffer the record oil production, the open market dumping begins and prices of WTI will crater as every barrel will have... »

Pink Slips: 100,000 Jobs Wiped Out Amid Oil Price Collapse: “Spreading Like Cancer”

Saturday, March 21, 2015
By Paul Martin

Mac Slavo March 21st, 2015 SHTFplan.com Low oil prices are good for America according to President Obama. In fact, he has personally taken credit for the savings you’re experiencing. In a normal economy lower prices at the pump would certainly help to spur growth in other sectors. The problem, of course, is that the... »

Global Shale Revolution On Hold

Saturday, March 21, 2015
By Paul Martin

By James Stafford OilPrice.com Fri, 20 March 2015 Along with the rest of the energy world, we have been closely tracking rig counts (now down 40 percent from last fall) and other data to try to determine where the oil markets are heading. This week, the Energy Information Administration reported that production is finally... »

Support Revolution Radio