Oil

What Will The Death Of The Great Bakken Oil Field Look Like??

Sunday, April 5, 2015
By Paul Martin

By: Steve St. Angelo, SRSrocco Report GoldSeek.com Sunday, 5 April 2015 Very few Americans realize just how bad the domestic energy situation will become in the next several years. While U.S. shale oil production has surged over the past five years giving Americans a false sense of energy security, the next five years will... »

The oil crash’s hidden effects are starting to show

Sunday, April 5, 2015
By Paul Martin

MOISÉS NAÍM BusinessInsider.com APR. 5, 2015 What do Russia, Exxon Mobil, and ISIS have in common? Not much, except that they’re all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world. That truth was on display in 1974, and it’s on display... »

Californians Outraged As Oil Producers & Frackers Excluded From Emergency Water Restrictions

Friday, April 3, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/03/2015 California’s oil and gas industry is estimated (with official data due to be released in coming days) to use more than 2 million gallons of fresh water per day; so it is hardly surprising that, as Reuters reports, Californians are outraged after discovering that these firms are excluded from... »

Oilfield Services Facing Years Of Decline

Thursday, April 2, 2015
By Paul Martin

By Charles Kennedy OilPrice.com Thu, 02 April 2015 Oil field services companies are in for a rough year. The firms that provide the critical services for oil drilling are often not the ones that make headlines. But they are on the front lines making sure everything runs smoothly. That includes everything from drill equipment,... »

The “Revolver Raid” Arrives: A Wave Of Shale Bankruptcies Has Just Been Unleashed

Thursday, April 2, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/02/2015 Back in early 2007, just as the first cracks of the bursting housing and credit bubble were becoming visible, one of the primary harbingers of impending doom was banks slowly but surely yanking availability (aka dry powder) under secured revolving credit facilities to companies across America. This, in effect,... »

Fire blazes on oil platform in Gulf of Mexico, 1 dead, multiple injures reported

Wednesday, April 1, 2015
By Paul Martin

RT.com April 01, 2015 A fire broke out on an oil platform belonging to Mexico’s state Pemex petroleum giant in the Gulf of Mexico, leading to the evacuation of about 300 workers. According to the company at least one person has died and 16 have been injured. Pemex said on Twitter that the fire... »

Oil Jumps As Houthis Enter El-Mandeb Strait Military Base

Tuesday, March 31, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/31/2015 Houthi rebels have reportedly entered the military base at the stratgeic Bab el-Mandeb Strait, according to Reuters. This is the 4th largest oil-shipping chokepoint in the world… Oil has pushed modestly higher on the news but remains driven more by the headlines from Switzerland… The Rest…HERE Share on Facebook »

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.... »

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