Oil

(Again)…Shortages Are Going to Drive People Out of Their Minds: “That’s When the Riots Will Start”

Thursday, August 8, 2013
By Paul Martin

Mac Slavo August 8th, 2013 SHTFplan.com When will the breakdown of the system begin? If you’ve been paying attention, then you’ll likely agree with contrarian economist Jim Willie. The breakdown is happening right here and now – it’s already in progress. Most Americans haven’t realized it just yet, but everything including our economic, financial,... »

A ‘Perfect Storm’ Could Cause A Collapse In Oil Prices That Hits The Stock Market

Sunday, August 4, 2013
By Paul Martin

MATTHEW BOESLER BusinessInsider.com AUG. 3, 2013 Deutsche Bank strategists Rocky Fishman, Salil Aggarwal, and Lon Parisi are out with a note warning clients that a “perfect storm” of structural, demand, and supply-driven factors could conspire to cause a “major pullback” in oil prices, with the potential to derail the rally in the U.S. stock... »

How Falsified U.S. GDP Data will Lead to Much Higher Precious Metal Prices

Friday, August 2, 2013
By Paul Martin

By Steve St. Angelo, SRSrocco Report GoldSeek.com Friday, 2 August 2013 While it seems that just about all of the economic data coming out of Wall Street or the U.S. Government is manipulated, there is one piece of data that is not. This valuable piece of information may also give us an idea on... »

Why Oil Could Move Higher–Much Higher

Thursday, August 1, 2013
By Paul Martin

Charles Hugh Smith OfTwoMinds.com August 1, 2013 Commodities could rise even as global demand sags. The conventional wisdom of the moment is that a weakening global economy will push the cost of commodities such as oil down as demand stagnates. This makes perfect sense in terms of physical supply and demand, but this ignores... »

CNN: Explosion in Gulf of Mexico — Fire erupts after blowout — ABC: “Major environmental threat may be unfolding” (VIDEO)

Wednesday, July 24, 2013
By Paul Martin

By ENENews July 24th, 2013 AP, July 24, 2013 at 2:26a ET (h/t RadChick, Anonymous tips): Fire breaks out on evacuated Gulf of Mexico oil rig after natural gas blowout A fire has broken out on a blown-out Gulf of Mexico oil rig, the feds have confirmed. NBC News, July 24, 2013... »

The Biggest Oil Discovery In 50 Years?

Tuesday, July 23, 2013
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com July 23rd, 2013 In a virtually uninhabitable section of South Australia, a discovery has been made which could rock the world. Some are calling it the biggest discovery of oil in 50 years. Earlier this year, a company called Linc Energy announced that tests had revealed that there was a... »

Hydrogeologist: I’m not kidding, we honestly don’t know what’s going on in cavern below giant sinkhole — “Nobody’s ever encountered anything like this in history of mankind” — World’s top experts don’t even have a good hypothesis — Wellhead pressure now up to almost 600 psi (VIDEO)

Saturday, July 20, 2013
By Paul Martin

By ENENews July 19th, 2013 Title: Public Briefing 7/16/13 Published by: assumptionla July 17, 2013 At 5:00 in Gary Hecox, CB&I hydrogeologist: This is going to not satisfy you, but we honestly don’t know. We have talked to some of the leading experts in the world as too what could be causing this. We... »

THE COMING ECONOMIC PERFECT STORM. 3 Major Bubbles about to Burst: Oil, China, & Wall St

Friday, July 19, 2013
By Paul Martin

Investmentwatchblog.com July 19th, 2013 BEIJING (AP) — China has ended controls on bank interest rates in a move toward making its financial system more market-oriented. The change announced Friday by the central bank comes amid promises by the ruling Communist Party to make the economy more efficient and productive. Analysts say one of the... »

The Conditions For A “Perfect Storm” Are Rapidly Developing – Spiking Gas Prices, Food Prices, Interest Rates, Deteriorating Housing-Market, And Deutsche Bank Is On The Verge of Collapse

Sunday, July 14, 2013
By Paul Martin

Investmentwatchblog.com July 14th, 2013 Spiking Gas Prices Have Joined Spiking Interest Rates As The Newest Threat To The Recovery There was sparse monthly data reported in the last week. Consumer credit increased. Producer prices increased sharply due to the increase in oil prices in June. Consumer sentiment about the present increased. Consumer sentiment about... »

Oil Spikes, Portuguese Bonds & Stocks Crash And Eurozone Debt Crisis Returns

Wednesday, July 3, 2013
By Paul Martin

GoldCore GoldSeek.com Wednesday, 3 July 2013 Gold inched higher in most currencies and gained over 0.5% in euros as the Eurozone debt crisis reared its ugly head again and oil spiked over $102 a barrel. Stocks fell around the world, led by Portugal as the nation’s 10-year bond yield surpassed 8% for the first... »