Oil

Perfect Storm for Oil Started on Schedule and Continues to Build

Wednesday, April 6, 2016
By Paul Martin

David Haggith TheGreatRecession.info April 6, 2016 The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away, replaced by a downdraft... »

Crude Jumps After DOE Confirms Biggest Oil Inventory Draw Since January; Cushing, Gasoline, Distillates Rise

Wednesday, April 6, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/06/2016 Following yesterday’s API data, which showed the biggest draw of 2016 with a 4.6 million reduction in oil inventories, everyone was keenly looking forward to today’s DOE data. Moments ago the DOE indeed confirmed the API data, reporting that in the past week oil inventories declined by 4.949MM, more... »

Crude Loses Key Technical Support As BNP Sees Oil “Revisiting The Year’s Lows”

Monday, April 4, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/04/2016 The early exuberance in oil has faded today as WTI tumble to fresh one-month lows, crucially losing the key 40-week moving average once again as the downtrend looks set to continue. With BNP Paribas warning that WTI is set to revisit the lows of the year, the time for... »

Saudis Retaliate To “Oil Freeze” Fallout: Ban Transport Of Iranian Crude In Territorial Waters

Monday, April 4, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/04/2016 In a new and unexpected retaliation by Saudi Arabia for Iran’s intransigence, moments ago the FT reported that Saudi Arabia has taken steps to slow Iran’s efforts at increasing oil exports, banning vessels that transport Iranian crude from entering their waters, according to traders and shipbrokers. The Rest…HERE Share... »

Saudi Arabia Bracing for ‘Twilight of the Oil Age’

Sunday, April 3, 2016
By Paul Martin

SputnikNews.com 03.04.2016 Saudi Arabia is getting ready for the “twilight of the oil age,” Deputy Crown Prince Mohammed bin Salman told Bloomberg in an interview. He said the kingdom is planning to establish a $2 trillion sovereign wealth fund. The money will be used to cut Riyadh’s reliance on oil. What is more, as... »

US Rig Count Tumbles To Fresh Record 41-Year Lows

Friday, April 1, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/01/2016 With US crude production starting to drop, the lagged plunge in oil rig counts appears to be having some effect. Baker Hughes reports that the number of US oil rigs dropped 10 to 362 (14th weekly drop of last 15), the lowest since Nov 2009. The total rig count... »

Dr. Jim Willie – ZIRP / QE Destruction, Police State, More…

Friday, April 1, 2016
By Paul Martin

Topics: 1. ZIRP / QE destruction & end game 2) Levitating stock markets 3) Prognosis for Gold and Silver (India observations about gold as money) 3) Geopolitics: BRICS under stress especially Brazil. 4) What news of Oil markets? Major bankruptcies still pending? 5) Turkey being isolated? as Israel & US warn citizens to leave... »

Impatient Banks: A Real Red Flag For The Oil Patch

Thursday, March 31, 2016
By Paul Martin

by Nick Cunningham via OilPrice.com, ZeroHedge.com 03/31/2016 Lenders to the oil and gas industry have been extraordinarily lenient amid the worst downturn in decades, allowing indebted companies to survive a little while longer in hopes of a rebound in oil prices. But the screws are set to tighten just a bit more as the... »

Could fracking be causing cancer? This experiment’s results say YES… and quite rapidly, too!

Thursday, March 31, 2016
By Paul Martin

by: L.J. Devon NaturalNews.com Thursday, March 31, 2016 According to statistics from the U.S. Energy Information Administration, natural gas now powers about 33 percent of the US electrical grid, but the technique that’s used to extract oil from the ground today is much different from the drilling methods of the past. To speed up... »

Parts of Oklahoma and Kansas now face earthquake risk on par with California

Wednesday, March 30, 2016
By Paul Martin

Federal map of earthquake vulnerability finds threat to seven million people in central and eastern US amid increasing oil and gas production Oliver Milman TheGuardian.co.uk Tuesday 29 March 2016 People in parts of Oklahoma and Kansas now face the same threat of destructive earthquakes as Californians, with human-induced tremors from oil and gas production... »

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