Oil

Jim Willie: This Will Be the Death Knell of the Economy

Sunday, April 26, 2015
By Paul Martin

GramsGold.com 4/26/2015 In an interview with Elijah Johnson on April 24, 2015, Dr. Jim Willie says that the low oil price, in combination with the high dollar, will spell out the death knell for the dollar. Because of the low oil prices, oil and shale companies will start to see massive bankruptcies over the... »

Half Of US Frackers Will Be Dead By Year End, Weatherford Warns

Thursday, April 23, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/23/2015 Following the CEO’s comments that over 100,000 energy jobs will be lost this year, an executive with Weatherford International – the fifth largest US fracker – has warned half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending... »

These Two Assets Show Us a Crash is Coming

Thursday, April 23, 2015
By Paul Martin

By: Graham Summers GoldSeek.com Thursday, 23 April 2015 If the foundation of the financial system is debt… and that debt is backstopped by assets that the Big Banks can value well above their true values (remember, the banks want their collateral to maintain or increase in value)… then the “pricing” of the financial system... »

Why Are Oil & Gas Workers Mysteriously Dying Across America?

Thursday, April 23, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/22/2015 Over the past several years, oil & gas workers in North Dakota, Colorado, Texas, Montana, and Oklahoma have mysteriously died while conducting routine checks of oil levels at tank batteries. In many cases, the fatalities were ruled to have been the result of natural causes. Now, it appears the... »

Oil Prices Won’t Recover Anytime Soon Says Exxon CEO

Wednesday, April 22, 2015
By Paul Martin

By Nick Cunningham OilPrice.com Wed, 22 April 2015 There is mounting evidence that oil prices are poised to rebound from a historic bust. Rig counts hit new lows each week. For the week ending on April 17, Baker Hughes says the U.S. lost an additional 34 oil and gas rigs, bringing the total down... »

The Defaults Are Coming In HY Energy, UBS Warns

Wednesday, April 22, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/22/2015 “Where are the defaults?” UBS asks, referring to the highly leveraged US shale complex. “They’re coming,” is the answer, as current bond prices assume oil prices in the 60s and 70s. The Rest…HERE Share on Facebook »

What Happens To US Shale When The Easy Money Runs Out?

Wednesday, April 22, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/22/2015 One must understand that the easy money via QE from the Fed and zero interest rates allowed many shale players to burn free cash flow while showing operationally net of capital expenditures (which were funded by cheap flowing monies via FED) cash generation. To be clear, that model is... »

Baker Hughes Cuts 17% Of Workforce As Oil Slump Ripples Through Economy

Tuesday, April 21, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/21/2015 Baker Hughes has increased the number of jobs it plans to cut from 7,000 to 10,500 and will close 140 facilities worldwide citing a need to “reduce the cost base and resize footprint” in the face of challenging market conditions. Meanwhile, JPM reminds Richard Fisher that “the... »

OPEC Says US Oil Boom Will End This Year

Monday, April 20, 2015
By Paul Martin

By Andy Tully OilPrice.com Sun, 19 April 2015 OPEC says the demand for oil – its oil – will rise during 2015 because the cartel is winning its price war against US shale producers by driving them out of business. “Higher global refinery runs, driven by increased seasonal demand, along with the improvement... »

The Chilling Thing Blackstone Said about the Oil Bust

Monday, April 20, 2015
By Paul Martin

by Wolf Richter WolfStreet.com April 19, 2015 Regardless of how troubled oil and gas companies are, “if the assets are good, someone will own them,” explained David Foley, senior managing director of Blackstone Energy Partners. He expected companies to buckle under the load of junk debt and kick off a long series of bankruptcies... »

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