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Tag Archives: oil
How much oil left in America? Not much
How much oil left in America? Not much If you think no worries because we can get arctic oil, think again. We can’t because icebergs knock the drilling platforms down, and massive amounts of new infrastructure — roads, rail lines, platforms, buildings — are needed to set up drilling in Alaska, since the permafrost soil […]
MbS: War With Iran Would Send Oil To Highs “That We Haven’t Seen In Our Lifetimes”
MbS: War With Iran Would Send Oil To Highs “That We Haven’t Seen In Our Lifetimes” In an interview that aired just days before the one-year anniversary of Saudi journalist Jamal Khashoggi’s disappearance and presumed murder, Saudi Crown Prince Mohammad bin Salman sat for an interview with 60 Minutes – reportedly the most extensive interview he has […]
Oil Explodes 20% Higher, Biggest Jump On Record
Oil Explodes 20% Higher, Biggest Jump On Record With traders in a state of near-frenzy, with a subset of fintwit scrambling (and failing) to calculate what the limit move in oil would be (hint: there is none for Brent), moments ago brent reopened for trading in the aftermath of Saturday’s attack on the “world’s most […]
How Much Will Oil Surge When Trading Reopens
How Much Will Oil Surge When Trading Reopens Now that Goldman has successfully sparked a near-frenzy of chaos, confusion (and market buy orders) ahead of tonight’s trading open, the only question is how high will oil surge. And according to some preliminary estimates, oil analysts expect crude prices to jump at least $5 to $10 a barrel […]
Goldman Goes “Lehman Weekend” On Oil: Expects Chaos When Trading Reopens
Goldman Goes “Lehman Weekend” On Oil: Expects Chaos When Trading Reopens Exactly 11 years to the day since traders organized an emergency impromptu CDS unwind session ahead of Lehman’s shocking September 15, 2008 bankruptcy filing, major banks are preparing for similar chaos, only this time in the crude oil market in the aftermath of Saturday’s […]
Could Be “Weeks” Before Aramco Restores Full Production Capacity As Specter Of $100 Oil Looms
Could Be “Weeks” Before Aramco Restores Full Production Capacity As Specter Of $100 Oil Looms With the Saudis now racing to restore full oil production to normal levels as one Sunday morningheadline noted, the industry is bracing for a potential significant delay in production — given rumors the fires at the facilities struck in the early hours of […]
Oil To Hit $100? Half Of Saudi Oil Output Shut After Drone Strikes Cripple World’s Largest Oil Processing Facility
Oil To Hit $100? Half Of Saudi Oil Output Shut After Drone Strikes Cripple World’s Largest Oil Processing Facility Update: The WSJ is out with an update hinting at just how much the price of oil is set to soar when trading reopens late on Sunday after the Saudi Houthi false-flag drone attack on the largest Saudi oil processing plant: Saudi Arabia is […]
Iranian Tanker Still Bound For Syria; US Working To “Disrupt” Oil Transfer: Report
Iranian Tanker Still Bound For Syria; US Working To “Disrupt” Oil Transfer: Report As the Iranian oil tanker Adrian Darya 1 still appears to be circling in Mediterranean waters off western Cyprus after it turned away from approaching Turkey’s coast this week, a new Wall Street Journal report says it will ultimately attempt to offload its 2.1 million […]
The Anatomy of the Coming Recession
The Anatomy of the Coming Recession Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not […]
The G-7 Blues
The G-7 Blues What’s at stake in all these international confabs like the G-7 are the tenuous supply lines that keep the global game going. The critical ones deliver oil around the world. China imports about 10 million barrels a day to keep its operations going. It produces less than 4 million barrels a day. […]
Save The World By First Saving Yourself
Save The World By First Saving Yourself We each have a role to play in how the world recovers from the coming crisis Ripped from today’s headlines: Negative Interest Rates Are Coming And They Are Downright Terrifying (Yahoo! Finance) Earth’s Lungs Are Burning: Amazon Rainforest Which Contributes 20% Of Planet’s Oxygen Is On Fire What’s […]
Another Tanker With Iranian Oil Now Headed For Syria, Intel Sources Say
Another Tanker With Iranian Oil Now Headed For Syria, Intel Sources Say A new report suggests we could be headed toward yet another Grace 1-type incident and showdown involving an Iranian tanker intercept by US or UK forces. A tanker full of Iranian oil is said to be currently on its way to Dubai, with an […]
Iran Warns US: Don’t Interfere With Tanker’s Passage, Mulls Naval Escort
Iran Warns US: Don’t Interfere With Tanker’s Passage, Mulls Naval Escort With the Grace 1 now released after two failed attempts of Washington to bring the Iranian tanker under US custody, since renamed the Adrian Darya and flying the Iranian flag, Tehran officials are still refusing to confirm its ultimate destination where it will offload its 2.1 million […]
Oil Prices Plunge After Surprise Crude, Gasoline Build
Oil Prices Plunge After Surprise Crude, Gasoline Build Oil prices have plunged overnight (back near 7-month lows) as global growth fears accelerate (despite a bigger than expected crude draw from API) as traders wait to see if official DOE data confirms the API print. “The bearish and deteriorating global macro situation seems to have the […]
Global Warming and U.S. National Security Diplomacy
Global Warming and U.S. National Security Diplomacy Old power station, West Linn, Oregon. Photo: Jeffrey St. Clair. Control of oil has long been a key aim of U.S. foreign policy. The Paris climate agreements and any other Green programs to reduce the pace of global warming are viewed as threatening the aim of dominating world […]
