Oil

“It’s A Huge Story”: China Launching “Petroyuan” In Two Months

Tuesday, October 24, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Oct 24, 2017 The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system. “The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel,... »

WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Profits Vaporize While Debts Skyrocket

Sunday, October 15, 2017
By Paul Martin

By Steve St. Angelo GoldSeek.com Sunday, 15 October 2017 The world’s largest oil companies are in serious trouble as their balance sheets deteriorate from higher costs, falling profits and skyrocketing debt. The glory days of the highly profitable global oil companies have come to an end. All that remains now is a mere shadow... »

China could shatter petrodollar by compelling Saudi Arabia to trade oil in yuan

Wednesday, October 11, 2017
By Paul Martin

RT.com 11 Oct, 2017 Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a... »

Greyerz – China & Russia Positioning To Collapse US Dollar As Global Financial War Heats Up

Saturday, October 7, 2017
By Paul Martin

KingWorldNews.com October 07, 2017 With continued uncertainty around the globe, today the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that China and Russia are positioning to collapse the US dollar as global financial war heats up. The End Of The US Dollar &... »

Multi-Billionaire Hugo Salinas Price: We Are On The Verge Of A Worldwide Monetary Revolution That Will Bring The US To Its Knees…”If the US cannot stop China from implementing its “oil – for yuan – for gold” program, then the fate of the US is at hand.”

Friday, October 6, 2017
By Paul Martin

KingWorldNews.com October 06, 2017 As we come to the end of the first week of trading in what promises to be a wild October, today multi-billionaire Hugo Salinas Price warned we are on the verge of a worldwide monetary revolution that will bring the US to its knees. This Will Bring The US To... »

Hurricane Nate Heads For Gulf Coast: Goldman Projects Dramatic Refining Slowdown

Friday, October 6, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Oct 6, 2017 Confirming an earlier projection by Accuweather that showed Hurricane Nate will likely make landfall as a cateogry one storm somewhere between Louisiana and the Florida panhandle on Sunday, the NHC has issued a hurricane warning – the highest-priority of the agency’s alert levels – for a broad... »

China NEEDS $13,000 GOLD PRICE To Implement Oil-For-Gold Contract

Thursday, September 28, 2017
By Paul Martin

SilverDoctors.com September 28, 2017 If China launches the highly anticipated oil-for-gold contract by the end of this year, Jim Rickards $10,000 forecast for gold may be off by some 30%. Here’s how China could launch the new oil contract in just a few short months from now… by Brian Maher via Daily Reckoning This... »

Venezuela Begins Publishing Oil Basket Price In Yuan

Friday, September 15, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Sep 15, 2017 Two days after the WSJ confirmed Maduro’s earlier threat that he would stop accepting US Dollars as payment for crude oil imports, Venezuela has done just that. As a reminder, and as we reported previously, in an effort to circumvent U.S. sanctions, Venezuela told oil traders that... »

Petrodollar end looming as China & allies dump it in oil trading – Jim Rogers

Friday, September 15, 2017
By Paul Martin

RT.com 15 Sep, 2017 Beijing has announced plans to start a crude oil futures contract priced in yuan and convertible into gold. The step might lead to the emergence of a new Asia-based crude oil benchmark to compete with Brent or West Texas Intermediate futures. RT talked to investing guru and financial commentator Jim... »

X22Report Petrodollar Doomsday Clock Just Ticked Closer to Midnight

Friday, September 15, 2017
By Paul Martin

Corporate media put out a report that Trump agreed to help the dreamers, the problem is that he denies the report. US agrees with Russia on a peace keeping force in Ukraine. US sanctions on North Korea will not work because there is really no goal to the sanctions. Venezuela has just taken the... »

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