Oil

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... »

Iran prepares for massive military exercise in the ‘the world’s most important oil transit chokepoint’ in the Persian Gulf

Thursday, August 2, 2018
By Paul Martin

Iran could exercise its ability to shut down the Strait of Hormuz in Persian Gulf More than 20% of oil traded worldwide moves through Strait of Hormuz waters Comes as US reimpose sanctions on Tehran and Trump pulls out of nuclear deal By CONNOR BOYD DAILYMAIL.COM 2 August 2018 Iran’s Islamic Revolutionary Guard could... »

Oil to Skyrocket to $200 Per Barrel -UN Policy Responsible for Coming Global Economic Collapse

Thursday, July 26, 2018
By Paul Martin

By Dave Hodges TheCommonSenseShow.com July 26th, 2018 In the summer of 2007, I was returning to Arizona from Colorado. We arrived at about midnight, very tired and very low on gas. And to our dismay, we could not find an open gas station. Even the 24 hour gas stations were out of gas, except... »

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