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IEA: Plastics Will Replace Fuels As Key Oil Demand Driver
IEA: Plastics Will Replace Fuels As Key Oil Demand Driver Plastics will displace fuels as the main driver for crude oil demand, the International Energy Agency said today, adding that petrochemicals will come to account for more than 33 percent of oil demand growth globally in the period to 2030. By 2050, they will drive […]
Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report
Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report Rumors that Saudi Arabia might raise oil production spread across financial media last week, prompting representatives of the Kingdom to eventually step in and confirm that the Kingdom planned to ramp up production to try and compensate for the expected hole in global supply […]
Oil Is Surging… And So Are Gas Prices At The Pump
Oil Is Surging… And So Are Gas Prices At The Pump Brent Crude nears $85 as WTI tops $75 – at four year highs – as the tight oil markets continue to send gas prices at the pump to the highest in four years… WTI is up over 2.5% today – spiking from $73 to […]
1918: How the Allies Surfed to Victory on a Wave of Oil
1918: How the Allies Surfed to Victory on a Wave of Oil French troops are transported by truck to the front, as shown on a bas-relief of the Monument of the Voie Sacrée near Verdun. Photo by J. Pauwels. Virtually everybody knows that the First World War came to an end when Germany capitulated on […]
Our Delusional Economy Is Poised To Slam Into The Brick Wall Of Reality
dailyhaha Our Delusional Economy Is Poised To Slam Into The Brick Wall Of Reality Will you thrive, merely survive, or fail? While life has always been uncertain, today our choices matter more than ever. The decisions each of us make today will determine if we thrive, merely survive, or fail during the future time of upheaval […]
Global Stocks Slide As Trade War Enters New Phase; Oil Surges
Global Stocks Slide As Trade War Enters New Phase; Oil Surges U.S. stock futures followed European and Asian shares lower in thin volume after China called off planned trade talks with the U.S. and the Trump administration imposed another $200 billion in “Phase II” China tariffs just after midnight; oil jumped 2.4% as OPEC+ members […]
Is The Oil Burden A Rising Problem?
Is The Oil Burden A Rising Problem? While markets become increasingly bullish, oil prices are close to a “warning zone” where the barrel could be one -if not the only- catalyst of a major slowdown. In my book “Escape from the Central Bank Trap”, I explain the concept of the “Oil Burden”. It is the […]
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil For a few months now, OPEC has been boosting production to ease concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and exporter, Saudi Arabia, has been specifically targeting an increase in crude oil exports to […]
What If There Isn’t Enough Energy Going Forward?
Nuttapong/Shutterstock What If There Isn’t Enough Energy Going Forward? We’ll be forced to live with less. Maybe a LOT less. Currently the media is breathlessly cheering the record amounts of US oil production. Stories like this one get top billing on major news websites: Texas Gulf Coast exports more oil than it imports for the […]
Sanctions, oil, and the emerging China-Russia-Iran axis
Sanctions, oil, and the emerging China-Russia-Iran axis Although China has backpedalled on proposed tariffs on U.S. crude imports, the move is indicative of its need to diversify sources and steps may now be taken to enable China to play the oil card in the future – including imports from Iran despite sanctions, and drawing closer […]
Peak oil in China and the Asia Pacific (part 2)
Peak oil in China and the Asia Pacific (part 2) South China Sea: ‘Leave immediately and keep far off’ Fig 1: U.S. Navy P-8A Poseidon reconnaissance plane overflying disputed Spratly islands 11/8/2018 https://www.youtube.com/watch?v=dodbqgKn8js https://www.bbc.co.uk/news/av/world-asia-45152525/south-china-sea-leave-immediately-and-keep-far-off Fig 2: Subi reef location in the South China Sea Fig 3: CSIS image of Subi reef low tide elevation (976 […]
Are Oil Markets Underestimating Iran’s Threats?
Are Oil Markets Underestimating Iran’s Threats? Iranian officials have suggested that they could shut the Strait of Hormuz if the U.S. moved to completely disrupt Iranian oil exports, a dire scenario that would present a supply shock to the oil market. The prospect of an outage at the Strait of Hormuz repeatedly crops up when […]
America The Insolvent
Satansgoalie America The Insolvent A reckoning is due. One the elites are already readying for. Watching the world these days, I’m experiencing the same fury that rises up from my gut when the driver in the car ahead me is weaving drunkenly, endangering everyone on the road. Fury is a normal and rational human response […]
Oil Underground in Neuquén, Argentina – and a New US Military Base There
Oil Underground in Neuquén, Argentina – and a New US Military Base There Obsessive media focus on President Trump’s personal indecencies undoubtedly contributes to important news stories not seeing the light of day. In that regard it’s no wonder the U.S. public is generally unaware of U.S. military interventions in parts of the world, particularly […]
