Oil

Russia, Berkshire And How Warren Buffett Just Shocked The World

Tuesday, March 3, 2015
By Paul Martin

KingWorldNews.com March 03, 2015 Today one of the top money managers in the world spoke with King World News about Russia, Berkshire Hathaway and how Warren Buffet just shocked the world. He also discussed how the power structure across the globe is being dramatically altered as well as how investors should be positioning themselves.... »

Meanwhile In California, Unambiguously Ungood…

Sunday, March 1, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/01/2015 Having discovered this week what Americans are spending their “gas savings” on, and noted that nationwide gas prices are rising at the fastest pace in over a decade; as AP reports, for Californians, it’s considerably worse as gas prices have soared 60c to $3.23 per gallon in the last... »

This Week In Energy: Data Pointing To Another Fall In Oil Prices

Saturday, February 28, 2015
By Paul Martin

By James Stafford OilPrice.com Fri, 27 February 2015 Oil prices have stabilized somewhat around the $60 per barrel mark, and over the past few weeks oil has shown less volatility than what we have grown used to in the preceding six or seven months. But another swoon could be just over the horizon. That... »

Paranoia And Purges For Venezuela As Oil Misery Continues

Friday, February 27, 2015
By Paul Martin

By Nick Cunningham OilPrice.com Thu, 26 February 2015 As the finances of Venezuela continue to deteriorate under the collapse of crude oil prices, the government of President Nicolas Maduro is becoming more paranoid and vindictive. Venezuela derives the vast majority of its export earnings from sending oil overseas. With the largest endowment of crude... »

Eric Sprott Was Right —Oil Slump Says ‘No’ to Recovery Story

Friday, February 27, 2015
By Paul Martin

By Henry Bonner GoldSeek.com Friday, 27 February 2015 Gas prices are some of the highest in the country in San Diego, California, and it still cost me only $2.96 a gallon to fill up my tank last week. There’s an excess of oil supplies, according to analysts. You can see from the chart below... »

BIG BLOW FOR SHALE ENERGY: Chevron Terminates All Shale Gas Exploration In Europe

Tuesday, February 24, 2015
By Paul Martin

By: Steve St. Angelo, SRSrocco Report GoldSeek.com Tuesday, 24 February 2015 The Shale Energy Industry suffered another big blow as Chevron terminated its last European operations in Romania due to poor exploration results and ongoing anti-fracking protests. Chevron also suspended all operations in Poland last month and cancelled shale gas agreements in Ukraine and... »

Economic “Contagion” Threatens “Impending Crisis”: Exposure to Falling Oil Prices Driving Global Defaults and Slowdown

Tuesday, February 24, 2015
By Paul Martin

Mac Slavo February 24th, 2015 SHTFplan.com On the surface, the United States is currently one of the stronger global economies. But lurking beneath that may be an ‘impending crisis’ that threatens to drag everyone down with it. That’s according to the Financial Times, who say that falling oil prices combined with a strong dollar... »

The Oil Markets Are Rigged – Here’s How

Monday, February 23, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 02/23/2015 We have remarked numerous times, thanks in many cases to the detailed analysis of Nanex LLC, that oil markets (among others) are manipulated or rigged. But, just as Michael Lewis was what equity market participants needed to comprehend what was occurring stocks, so WSJ reports today on ‘spoofing’ in... »

Commodities Crushed: WTI Plunges To $48 Handle, Copper Breaks Key Support

Monday, February 23, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 02/23/2015 Perhaps the world is beginning to realize that “it’s the demand, stupid” as crude oil prices are collapsing this morning (not helped by “all out production” news from Oman). While ‘markets’ rallied peculiarly after last week’s epic surge in inventories and production data, that has all been given back... »

Fracking Bust Deepens, Sets Records

Monday, February 23, 2015
By Paul Martin

by Wolf Richter WolfStreet.com February 21, 2015 The fracking bust that is following the phenomenal fracking boom is deepening relentlessly, week after week, and there is still no respite in sight. Drilling activity peaked in October last year, when 1,606 rigs were drilling for oil, with a four-month lag behind oil prices. But by... »

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