Oil

GOLDMAN: Oil Is Going To $39

Monday, January 12, 2015
By Paul Martin

MYLES UDLAND BusinessInsider.com JAN. 12, 2015 $39! In a new note, Goldman Sachs analyst Jeff Currie takes his six-month price forecast for West Texas Intermediate crude oil to $39 from $75 in a radical new outlook on the price of crude oil. The $39 target is eye-catching, but Currie also takes his target on... »

Oil Price Blowback: Is Putin Creating A New World Order?

Saturday, January 10, 2015
By Paul Martin

by Mike Whitney ZeroHedge.com 01/10/2015 “This is why Putin is Public Enemy Number 1. It’s because he’s blocking the US pivot to Asia, strengthening anti-Washington coalitions, sabotaging US foreign policy objectives in the Middle East, creating institutions that rival the IMF and World Bank, transacting massive energy deals with critical US allies, increasing membership... »

North Dakota Mineral Resources Dept Admits Half Its Shale Regions Below Breakeven

Saturday, January 10, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/10/2015 While talking heads and TV personalities reassure the investing public that low oil prices are “unambiguously awesome” for everyone, it seems the cracks in this narrative are starting to show. From falling wages, surging job cuts, plunging rig counts, and crashing capex, it’s becoming a lot harder to ‘pretend’... »

Why did this reporter “disappear” after predicting the collapse of oil prices?

Saturday, January 10, 2015
By Paul Martin

by: J. D. Heyes NaturalNews.com Saturday, January 10, 2015 He managed to forecast the current collapse in oil prices, and then he went missing. It’s been a year now. His name is David Bird, and he is a reporter who covered energy markets for The Wall Street Journal. First, some background. According to the... »

US Rig Count Crashes At Fastest Pace Since 2009 To 14-Month Lows

Friday, January 9, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/09/2015 Just as T.Boone Pickens warned, US Rig Counts are plunging. Down by 61 this week alone – the biggest weekly drop in over 5 years – at 1,750, this is now the lowest since November 2013 (and very close the lowest since 2010). The 10% or so plunge in... »

Keystone XL Veto Is Partisan Political Disaster for America

Friday, January 9, 2015
By Paul Martin

By: Marin Katusa, Chief Energy Investment Strategist GoldSeek.com Friday, January 9 2015 The controversy over the Keystone XL pipeline is proof positive that American politics have gone from debate to pure partisan propaganda – at the expense of business and even common sense. With over half a million miles of pipeline already, failing to... »

The Most Terrifying Surprise Of 2015

Friday, January 9, 2015
By Paul Martin

KingWorldNews.com January 09, 2015 With stocks tumbling along with crude oil and the U.S. dollar, below King World News is featuring an incredibly powerful interview that ends with the most terrifying surprise of 2015. Let’s hope this catastrophic scenario does not unfold because it would be a unmitigated disaster for humanity. The following piece... »

Energy Crash — 97% of Fracking Now Operating at a Loss at Current Oil Prices. This Could Be A Disaster In The Making. as oil prices went from $100 to $50. America’s 10 Largest Oil And Gas Companies Have Lost Over $200 Billion. If the Saudis wanted to crush America’s shale oil industry they are certainly doing a good job of it.

Friday, January 9, 2015
By Paul Martin

Investmentwatchblog.com January 9th, 2015 If the Saudis wanted to crush America’s shale oil industry they are certainly doing a good job of it. West Texas Intermediate reached a 2014 peak of $107.73 in June before dropping as low as $49.77 today on the New York Mercantile Exchange. The grade settled at $50.04 a barrel.... »

“Not” Stabilized – WTI Crude Nears $46, Brent Trades $48 Handle

Friday, January 9, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/09/2015 This is not what was supposed to happen… Brent Crude broke to a $48 handle and WTI nears a $46 handle as yet another dead-cat-bounce dies… Brent dumps under $50… breaks to $48 handle The Rest…HERE Share on Facebook »

Russia prepares to bail out its banks as economy collapses

Friday, January 9, 2015
By Paul Martin

by: Daniel Barker NaturalNews.com Friday, January 09, 2015 Russia’s economic crisis continues to worsen as 2015 begins, with its bank bailout having now been expanded to include Gazprombank, the nation’s third-largest lender. On Dec. 31, OAO Gazprombank confirmed that it would receive more than $700 million in aid as the Kremlin scrambles to protect... »

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