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Israel Closes Airspace Near Syria Border Ahead Of Netanyahu Speech With “Dramatic News About Iran”; Oil Surges
Israel Closes Airspace Near Syria Border Ahead Of Netanyahu Speech With “Dramatic News About Iran”; Oil Surges Moments ago, Israel’s Channel10 reported that Netanyahu is set to make “significant” televised announcement on Iran on Monday evening at 8pm local time (5pm GMT) in what his office said would be “dramatic news about Iran” and “significant […]
Can India Break Its Oil Addiction?
Can India Break Its Oil Addiction? India is one of the world’s largest oil consumers, accounting for around 4 percent of global consumption. Only the U.S. and China outrank India in this regard, making it a key player in the oil market. While India’s oil consumption has seen remarkable growth in the past few years, […]
The Oil Curse Comes to Washington
The Oil Curse Comes to Washington Prices rise and prices fall. So, too, they fall and rise. This is how the supply and demand sweet spot is continually discovered – and rediscovered. When supply exceeds demand for a good or service, prices fall. Conversely, when demand exceeds supply, prices rise. Producers use the information communicated […]
Merkel Caught in the Energy Conundrum for Germany’s Future
Merkel Caught in the Energy Conundrum for Germany’s Future The nominal U.S. President, Donald Trump, will meet with the two main European leaders next week with the goal of pushing the President off his position to end the Iran Nuclear Deal, or JCPOA. But it is the bigger issues of energy security that will be the […]
Stop and Assess
Stop and Assess America has become Alzheimer Nation. Nothing is remembered for more than a few minutes. The news media, which used to function as a sort of collective brain, is a memory hole that events are shoved down and extinguished in. An attack in Syria, you ask? What was that about? Facebook stole your…what? […]
The Economy Is Cooked
© Albund | Dreamstime.com The Economy Is Cooked The growth cycle has peaked Hours ago, European Central Bank chief Mario Dragho conceded: “The growth cycle may have peaked” Of course, those paying attention to the data already knew this. Our politicians and central planers have been peddling to us the fantasy that the global economy […]
Why oil prices can’t rise very high, for very long
Why oil prices can’t rise very high, for very long Oil prices are now as high as they have been for three years. At this writing, Brent is $74.14 per barrel and West Texas Intermediate is at $68.76. These prices aren’t really very high, if a person looks at the situation from a longer term point […]
Has The World Started To Kick Its Oil Addiction?
Has The World Started To Kick Its Oil Addiction? Until a decade ago, most of the world was a captive customer of oil—consumers would pay any price for gasoline and oil demand was soaring regardless of the surging oil prices. But recently, many countries around the world have started to show more sensitivity to oil […]
Saudi Officials Worried About Oil’s Future
Saudi Officials Worried About Oil’s Future Saudi government officials like talking to the media about oil. They invariably come across as upbeat, confident that the OPEC deal will achieve its goal of shrinking the global oversupply, and equally confident that U.S. shale will not seriously eat away at their oil revenues, however fast it grows. […]
Trade War Looms Over Oil Markets
Trade War Looms Over Oil Markets Oil prices, along with equities across the board, were dragged down on Monday over fears of a brewing trade war. China announced $3 billion of tariffs on U.S. goods, including pork and recycled aluminum. The move came as a retaliation to the Trump administration’s 25 percent tariff on steel […]
Are We Sleepwalking Into The Next Oil Crisis?
Are We Sleepwalking Into The Next Oil Crisis? One school of thought is that future oil demand is set to decline because consumers will have better options. Many in this “peak demand” camp believe that the growth of electric vehicles will soon make oil obsolete. That’s a relatively painless view of the future and is […]
In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars
In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took […]
15 Years of War: To Whose Benefit?
15 Years of War: To Whose Benefit? As for Iraq, the implicit gain was supposed to be access to Iraqi oil. Setting aside the 12 years of “no fly zone” air combat operations above Iraq from 1991 to 2003, the U.S. has been at war for almost 17 years in Afghanistan and 15 years in […]
PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour
PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour After all the preparation, all the expectation, cheerleading and doomsaying, China’s Yuan-denominated crude oil futures contract began trading tonight and appears to be off a good start with well over 10 billion yuan notional traded within the first hour. So far it has […]
Trump Presidency = Bush’s 3rd Term
Trump Presidency = Bush’s 3rd Term Trump rightly criticized George W. Bush for getting us into the disastrous Iraq war. But now Trump’s presidency is turning into Bush’s third term … Trump is appointing John Bolton as his National Security Adviser. Who’s Bolton? He’s one of the key architects of the Iraq war, who previously […]
