Oil

India petrol price SOARS to record high: Chaos on streets – ‘Rupee has never been WEAKER’

Monday, September 10, 2018
By Paul Martin

NATIONWIDE protests against record high petrol and diesel prices shut down businesses, government offices and schools in India today, and in some places protesters blocked trains and roads and vandalised vehicles as the leader of congress fumed the “rupee has never been weaker”. Express.co.uk Mon, Sep 10, 2018 Gearing up for a general election... »

The Coming Collapse Of U.S. Shale Oil Production

Wednesday, September 5, 2018
By Paul Martin

By: Steve St. Angelo GoldSeek.com Wednesday, 5 September 2018 The death of U.S. Energy Independence will occur when the collapse of shale oil production begins. And when U.S. shale oil production finally peaks and declines, it could fall much more rapidly than we realize. The rate at which U.S. shale oil production declines in... »

Oil Prices Have Been Rising And $4 A Gallon Gasoline Would Put Enormous Stress On The U.S. Economy

Tuesday, September 4, 2018
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com September 4, 2018 Thanks to increasing demand and upcoming U.S. sanctions against Iran, oil prices have been rising and some analysts are forecasting that they will surge even higher in the months ahead. Unfortunately, that would be very bad news for the U.S. economy at a time when concerns about... »

India rupee PLUMMETS to ALL-TIME LOW – oil price crisis DEEPENS

Thursday, August 30, 2018
By Paul Martin

THE INDIAN rupee has plummeted in value to an all-time low, with one financial expert warning “volatility is here to stay”. By JOEY MILLAR Express.co.uk Thu, Aug 30, 2018 India’s rupee has dropped to 70.8100 against the US dollar, an all-time low and a more than 10% drop since the start of the year.... »

Iran takes control of major oil shipping route warning US: You DON’T belong here

Monday, August 27, 2018
By Paul Martin

OIL prices could soar after Iran claimed it had taken full control of the Persian Gulf, a key oil shipping route in the Middle East. By TOM PARFITT Express.co.uk Mon, Aug 27, 2018 In a provocative statement, Tehran announced it had “full supervision over the Persian Gulf” and said the US navy does not... »

Shocking Study Shows Fracking Is Depleting US Drinking Water Sources at a Catastrophic Rate

Sunday, August 26, 2018
By Paul Martin

A Duke University study says the fracking industry is sucking up the nation’s drinkable water and replacing it with toxic waste. By John Vibes TheFreeThoughtProject.com August 26, 2018 According to a recent study conducted at Duke University revealed that Hydraulic fracking is having a catastrophic impact on water supplies throughout the US. The findings... »

Switching From Dollar to Gold: Iran Continues Its Struggle With US Oil Embargo

Thursday, August 16, 2018
By Paul Martin

SputnikNews.com 16.08.2018 Being subjected to pressure from Washington, Iran has once again turned to the yellow metal as an alternative means of payment. Speaking to Sputnik, Iranian experts have explained how Tehran will conduct oil-for-gold barter deals with African countries and other longstanding partners. Iran and its trade partners may switch to gold as... »

Kaspersky Lab Contest Reveals Ease Of Hacking Oil Refineries

Tuesday, August 14, 2018
By Paul Martin

by Tyler Durden ZeroHedge.com Tue, 08/14/2018 Authored by Herman Wang and Katherine Dunn via S&P Global Platts’ “The Barrel” blog, In October, four South Korean hackers in Shanghai spent seven hours attempting to infiltrate an oil refinery’s corporate network to gain access to its control systems and shut the facility down. Another 15 minutes... »

Saudi Crackdown On Canada Could Backfire

Monday, August 13, 2018
By Paul Martin

by Tsvetana Paraskova via Oilprice.com, ZeroHedge.com Mon, 08/13/2018 Like many spats these days, the Saudi Arabia/Canada one started with a tweet. Canada’s Foreign Minister Chrystia Freeland called for the release of Samar Badawi, a women’s rights activist who is the sister of jailed blogger Raif Badawi, whose wife is a Canadian citizen. The arrests... »

OIL PRICE CRISIS: Saudi Arabia CUTS OIL PRODUCTION as US oil prices drop

Monday, August 13, 2018
By Paul Martin

SAUDI Arabia has scaled back its rate of oil production just one month after the Organisation of the Petroleum Exporting Countries (OPEC) agreed to increase their output. By JOEY MILLAR ZeroHedge.com Mon, Aug 13, 2018 OPEC member Saudi Arabia announced it had cut its oil output by an average of 200,000 barrels per day... »

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