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Why Low Oil Prices Haven’t Helped The Economy
Why Low Oil Prices Haven’t Helped The Economy Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States. That doesn’t seem to be what we’ve observed in the […]
Oil Production Vital Statistics March 2016
Oil Production Vital Statistics March 2016 Since the possible double bottom at $26 formed on February 11th the oil price has staged a rally to $40 (WTI). Traders lucky enough to buy at $26 and sell at $40 have pocketed a tidy 54% profit. Very few will have been this lucky. The trade was stimulated […]
Jeff Rubin: Oil Sands Are ‘Hemorrhaging Red Ink,’ Doomed to Shutter
Jeff Rubin: Oil Sands Are ‘Hemorrhaging Red Ink,’ Doomed to Shutter Former CIBC chief economist outlines latest predictions at ‘Carbon Talks.’ Former CIBC world markets economist Jeff Rubin at SFU’s ‘Carbon Talks’ panel. On the right is Vancity’s mutual fund manager Dermot Foley. Photo by Mychaylo Prystupa. The oil sands are downsizing. Alberta’s Big Oil CEOs […]
Fallout in Alberta: The oil crash isn’t just about lost jobs
Fallout in Alberta: The oil crash isn’t just about lost jobs Disillusionment has a way of setting all sorts of bad thoughts in motion The story assignment from The National was simple. Go to Alberta and talk to regular people about the crash in the price of oil. Humanize the downturn. Harsh economic numbers coming out of […]
Oil Price Crash Was Not Saudi Arabia’s Fault
Oil Price Crash Was Not Saudi Arabia’s Fault Quite simply, the Saudis want to maintain their market share, but their means to control that are dwindling. The whole internet is jam-packed with analysis portraying Saudi Arabia and OPEC as villains for the oil price collapse. On a closer look, however, the Saudi’s could have taken […]
The Coming Collapse of Saudi Arabia
The Coming Collapse of Saudi Arabia They met in secret to plan a devastating attack… Two powerful men, colluding at a palace in the Middle East. In September 2014, U.S. Secretary of State John Kerry flew to Saudi Arabia. He was there to meet with King Abdullah, the country’s ruler and one of the […]
Cheap Oil, the U.S. Dollar and the Deep State
Cheap Oil, the U.S. Dollar and the Deep State March 9, 2016 All this is to suggest that those expecting a major weakening in the USD to push oil higher shouldn’t hold their breath awaiting this outcome. That oil fell off a cliff once the U.S. dollar (USD) began its liftoff in mid-2014 is, well, […]
Oil Fundamentals Could Cause Oil Prices To Fall, Fast.
Oil Fundamentals Could Cause Oil Prices To Fall, Fast. Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price. Prices should fall to around $30 once the empty nature of an OPEC-plus-Russia production freeze is understood. A return to the grim reality of over-supply and the […]
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. […]
Top Drillers Shut Down U.S. Fracking Operations as Oil Prices Continue to Tank
Top Drillers Shut Down U.S. Fracking Operations as Oil Prices Continue to Tank It was a tumultuous week in the world of hydraulic fracturing (“fracking”) for shale oil and gas, with a few of the biggest companies in the U.S. announcing temporary shutdowns at their drilling operations in various areas until oil prices rise again from the ashes. Among […]
A Secret About Oil You Won’t Find Anywhere Else
A Secret About Oil You Won’t Find Anywhere Else This is going to be a far larger problem than Wall Street realizes. In early 1983 – the first week of February, to be precise – the inventory of crude oil in the U.S. reached an all-time economic high. I say “economic high” because nominal supply […]
This Is How Government Dealt With Dissent And Revolt In Collapsing Venezuela – “Soldiers Shooting Civilians In The Streets, Paramilitaries Roaming Neighborhoods”
This Is How Government Dealt With Dissent And Revolt In Collapsing Venezuela – “Soldiers Shooting Civilians In The Streets, Paramilitaries Roaming Neighborhoods” Editor’ Note: The initial report about this incident was printed in error. While the videos and images below were believed to be recently recorded, several readers contacted us to report that these incidents occurred […]
In Spite Of Oil Price Slump, Canadian Oil Output To Increase
In Spite Of Oil Price Slump, Canadian Oil Output To Increase It was yet another depressing headline congruent with the rest of the bad news bombarding the battered Canadian oilpatch for 15 months. On February 22 Postmedia (National Post, Calgary Herald, Edmonton Journal) carried the headline, “Canadian oil production growth could come to ‘complete standstill,’ IEA […]
Halliburton Cuts 5,000 Jobs, 8% Of Workforce
Halliburton Cuts 5,000 Jobs, 8% Of Workforce It turns out oilfield services isn’t a good place to be during epic crude downturns. Halliburton – which cut thousands upon thousands of jobs in 2015 – is back it, announcing an additional 5,000 layoffs on Thursdsay. The cuts amount to 8% of the company’s remaining workforce. We say “remaining” because as […]
