Oil

Exclusive: Dallas Fed Quietly Suspends Energy Mark-To-Market, Tells Banks Not To Force Shale Bankruptcies

Saturday, January 16, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/16/2016 The Dallas Fed met with the banks a week ago and effectively suspended mark-to-market on energy debts and as a result no impairments are being written down. Furthermore, as we reported earlier this week when first nothing the rumor, the Fed indicated “under the table” that banks were to... »

Fund manager who’s been right on oil has a depressing new prediction

Saturday, January 16, 2016
By Paul Martin

T. Rowe Price New Era’s Shawn Driscoll says the price for a barrel of oil could drop into the teens By Howard Gold MarketWatch.com Jan 16, 2016 In November 2014, Shawn Driscoll, manager of the natural-resource-focused T. Rowe Price New Era Fund, told me he expected crude oil prices, then in the $80s-per-barrel range,... »

Heading for Catastrophe? What May Force Riyadh to Unleash War Against Iran…”The first reason is economic collapse”

Saturday, January 16, 2016
By Paul Martin

SputnikNews.com 16.01.2016 Will Saudi Arabia seek war with Iran? Growing economic and political pressure may prompt the impulsive royal family to unleash a war against its longstanding Shiite rival, American author Daniel Lazare believes. Saudi-Iranian tensions continue to escalate; although Riyadh keeps asserting the international community that it has no intention to push Saudi... »

Oil, War, & Drastic Global Change

Saturday, January 16, 2016
By Paul Martin

by Raul Ilargi Meijer via The Automatic Earth blog, ZeroHedge.com 01/15/2016 The consequences of all this will be felt all over the world, and for a long time to come. All of our economic systems run on oil, so many jobs are related to it, so many ‘fields’ in the economy, and no, things... »

How falling oil prices exposed the great green lie: Saudi Arabia’s battle with the US to drive down prices show we’re far from reaching ‘peak oil’

Friday, January 15, 2016
By Paul Martin

US overtook Saudi Arabia as world’s largest oil producer thanks to fracking Now Saudi Arabia has flooded to oil market to drive down prices UK electricity companies are being forced to buy a certain proportion of their energy from expensive renewable sources By ROSS CLARK DailyMail.com 15 January 2016 Even though I have been... »

Jim Bianco Sees Oil Prices Staying Low Until Oil Companies Forced Into Bankruptcy

Friday, January 15, 2016
By Paul Martin

Jan 15 – Jim Bianco, President of Bianco Research, says oil companies are engaged in “dead man drilling,” having to produce enough oil to service their debt, which pushes prices lower, or stop producing and go out of business. He ultimately sees oil prices staying low until we see bankruptcies… Share on Facebook »

Norway’s Black Gold Fields Are A Sea Of Red – A Real-Time Map Of Crude Carnage

Thursday, January 14, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/14/2016 Norway is in trouble. As we have detailed previously (here, here, here, and here), the world’s largest sovereign wealth fund has begun liquidating assets (after its largest quarterly loss) as the nation faces recessionary fears (key data deterioration as oil stays lower for longer) with expectations building (despite denials... »

Cheap Oil Hits Housing In North Dakota, Texas, & Others

Thursday, January 14, 2016
By Paul Martin

by Nick Cunningham via OilPrice.com, ZeroHedge.com 01/14/2016 Low crude oil prices since the second half of 2014 have created a boon for consumers as the cost to fill up at the pump has plunged. The extra cash in the pockets of millions of motorists is often likened to an unexpected tax cut, which could... »

End of Petroleum-Centric World? Falling Oil Prices to Shake Up World Order

Thursday, January 14, 2016
By Paul Martin

SputnikNews.com 14.01.2016 Plummeting oil prices may challenge the established geopolitical status-quo and even result in war and turmoil, experts warn. Will the petroleum-centric world of the past half-century be restored again soon? The current slump in oil prices has affected giant oil corporations and the ancillary businesses; it also threatens to undermine economies of... »

Tanker Rates Tumble As Last Pillar Of Strength In Oil Market Crashes

Thursday, January 14, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 01/13/2016 If there was one silver-lining in the oil complex, it was the demand for VLCCs (as huge floating storage facilities or as China scooped up ‘cheap’ oil to refill their reserves) which drove tanker rates to record highs. Now, as Bloomberg notes so eloquently, it appears the party is... »

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