Oil

Iraq Breaks Down, Oil Surges – The Context Underlying The Growing Crisis

Tuesday, June 17, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 06/16/2014 The situation in Iraq is serious, and is probably going to get worse before it gets better. The potential for this recent action to morph into a regional conflict is very high. That means that oil could go a lot higher, and if it does, we can expect the... »

We Are So Not Prepared For Another Crude Oil Price Shock

Monday, June 16, 2014
By Paul Martin

By: John Rubino Market Oracle Jun 15, 2014 In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble. But the cost of energy can still play a role in the timing and... »

Local Analyst: Fall Of Baghdad Would Make Current Gas Prices ‘Look Like A Bargain’

Saturday, June 14, 2014
By Paul Martin

Losangeles.cbslocal.com June 13, 2014 Oil industry analysts are warning a brewing civil war between Islamic militants in Iraq could potentially send gas prices soaring here in the Southland. KNX 1070′s Pete Demetriou reports the price of crude oil has shot up to $107 per barrel – the highest in 10 months – on reports... »

X22 Report:The Middle East U.S. Puppet Regimes Are Collapsing Just Like The Economy

Wednesday, June 11, 2014
By Paul Martin

JP Morgan cuts GDP for the Q1 again to negative 1.6. Many countries and states are implementing a policy that will take money from dormant bank or pension accounts. Visa/Mastercard will introduce local processing in Russia. Sanctions on Russia could cause gas prices to rise in the EU and the US. Obamacare will hit... »

We Are Now On The Verge Of A Shocking Global Oil Shortage

Tuesday, June 10, 2014
By Paul Martin

KingWorldNews.com June 10, 2014 Today an acclaimed money manager warned King World News that the world is now on the verge of a shocking oil shortage. Stephen Leeb also issued a major warning regarding the U.S. dollar and why investors need to be extremely cautious of this currency in his fascinating interview. Leeb: “Eric,... »

China, Gold, The United States & Horrific Consequences

Tuesday, June 3, 2014
By Paul Martin

KingWorldNews.com June 3, 2014 Today an acclaimed money manager spoke with King World News about China, gold, the United States & horrific consequences. Stephen Leeb also issued a major warning regarding the U.S. dollar and why investors need to be extremely cautious of this currency in his fascinating interview. Leeb: “The big news yesterday... »

Exxon, BP Defy White House; Extend Partnership With Russia

Tuesday, May 27, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 05/27/2014 Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. To be clear, the oil companies are not legally running afoul of international sanctions. But their collective shrug in the face of European and... »

The US Shale Oil Miracle Disappears

Thursday, May 22, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 05/22/2014 The US shale oil “miracle” has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California. As... »

BYE BYE PETRO-DOLLAR: $400 B CHINA-RUSSIA GAS DEAL IS OFFICIAL!

Wednesday, May 21, 2014
By Paul Martin

SilverDoctors.com MAY 21, 2014 Led by Vladimir Putin negotiating in Shanghai himself, the Russia-China “Holy Grail” Gas Deal of the Century- $400 billion over 30 years, is official. Bye-bye Petro-dollar! Originally posted at RT.com: After 10 years of negotiations, Russia’s Gazprom and China’s CNPC have finally signed a historic gas deal which will provide... »

China steps up speed of oil stockpiling as tensions mount in Asia…(War Preps?)

Monday, May 19, 2014
By Paul Martin

Beijing has ordered an “unprecedented” build up of oil reserves as West prepares for possible oil sanctions against Russia. By Ambrose Evans-Pritchard TelegraphUK 18 May 2014 China is stockpiling oil for its strategic petroleum reserve at a record pace, intervening on a scale large enough to send a powerful pulse through the world crude... »

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