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Saudi Arabia Calls The End Of Russia’s Oil Prowess
Saudi Arabia Calls The End Of Russia’s Oil Prowess Saudi Arabia has not only called the end of Russia’s prominence as a global oil behemoth, but anticipates that Russia’s oil exports “will have declined heavily if not disappeared” within the next 19 years, Mohammed bin Salman said in a recent interview with Bloomberg. When asked […]
Venezuela’s Oil Exports Are Falling Even Faster Than Expected
Venezuela’s Oil Exports Are Falling Even Faster Than Expected A delay in port repairs following a tanker collision is putting additional pressure on already pressured Venezuelan crude oil exports, Reuters quoted anonymous sources close to PDVSA as saying this week. It seems that Venezuela’s woes are only multiplying as time goes by, although news from […]
Moscow On US Idea To Block Russian Trade: Naval Blockade Would Mean WAR
Moscow On US Idea To Block Russian Trade: Naval Blockade Would Mean WAR In a new report, United States Secretary of the Interior Ryan Zinke suggested the US could use the Navy to block Russian energy from hitting Middle East markets. But the head of the Russian Senate’s Information Policy Committee, Aleksey Pushkov, said that […]
How Bad Is Iran’s Oil Situation?
How Bad Is Iran’s Oil Situation? The U.S. government has continued its attempts to shut down Iran’s oil exports, and in recent days Iranian officials responded by threatening to block the Strait of Hormuz. Such an outcome is highly unlikely, but the war of words demonstrates how quickly the confrontation is escalating. Oil prices spiked […]
US, Iran Clash in Hormuz Strait: Not an Improbable Scenario
US, Iran Clash in Hormuz Strait: Not an Improbable Scenario The US remains adamant in its desire to cut Iran’s oil exports to zero, even if it hurts importing countries. America’s secondary sanctions on firms dealing with Iran would “snap back” on August 6 for trade in cars and metals and on November 4 for oil and […]
Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming
Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming I did not believe Trump would be so foolish as to force the entire world to accept Iranian sanctions. I was wrong. Here’s my general policy: When you are wrong, it’s best to admit it or someone will admit it for you, in a worse […]
Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil
Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil The Trump administration is going to extreme lengths to disrupt as much oil from Iran as possible, and the implications for the oil market could be severe. When the Obama administration sought to isolate Iran, it built an international coalition, put in place tight […]
Economic War on Iran: Trump Sets Sanction Policy for Entire World
Economic War on Iran: Trump Sets Sanction Policy for Entire World Trump will grant no waivers on purchases of Iranian oil. Effectively, this is an economic declaration of war on Iran. Starting November 4, Trump threatens sanctions on any nation or company that trades with Iran. Effectively, Trump sets sanction policy for the whole world, […]
Areas Of The World More Vulnerable To Collapse
Areas Of The World More Vulnerable To Collapse Certain areas of the world are more vulnerable to economic and societal collapse. While most analysts gauge the strength or weakness of an economy based on its outstanding debt or debt to GDP ratio, there is another factor that is a much better indicator. To understand which areas […]
Canada Bets On Trans Mountain Expansion To Sell Oil In Asia
Canada Bets On Trans Mountain Expansion To Sell Oil In Asia Canada may be the fourth largest producer and third largest exporter of oil in the world, but it has one sole customer of its oil—the United States. At the end of last month, Canada took a step toward ensuring that its oil would have […]
The Geopolitical Consequences Of U.S. Oil Exports
The Geopolitical Consequences Of U.S. Oil Exports Two crucial things happened yesterday. The first you may have noticed – oil prices moved back up. As for the second, most so-called “experts” seemed to have missed. See, the environment we’re seeing in energy markets is very different from what we saw only a week ago, when […]
Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports
Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports Iraq, Iran, and Turkey are taking a unified stance against Kurdistan’s oil sector after the region elected to seek independence from Baghdad in a referendum in September, according to a new report by Rudaw. “In the case of northern Iraq, Iran, Iraq and Turkey will form […]
What’s Wrong With The U.S. Oil Export Boom
What’s Wrong With The U.S. Oil Export Boom The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.’ “Lessons of the Energy Export Boom” proclaimed that the United States is becoming the oil and gas superpower of the world. This despite the uncomfortable fact that it is also the world’s biggest importer of […]
Can lower oil prices cause a recession?
Can lower oil prices cause a recession? Donald Luskin writes in the Wall Street Journal: The global economy is slipping into recession. The evidence is showing up in all the usual ways: slowing output growth, slumping purchasing-manager indexes, widening credit spreads, declining corporate earnings, falling inflation expectations, receding capital investment and rising inventories. But this is […]
The myth of US self-sufficiency in crude oil
The myth of US self-sufficiency in crude oil Google for “US energy independence” and you will get 134k results, “US self sufficiency” yields 10k results. Here are some examples of what the media reports: In Aljazeera’s Inside Story, 10/1/2016, titled “How much support will Saudi Arabia win against Iran?” the delicate relationship between the US, […]
