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Tag Archives: oil price collapse
Oil fall could lead to capex collapse: DoubleLine’s Gundlach
Oil fall could lead to capex collapse: DoubleLine’s Gundlach (Reuters) – DoubleLine Capital’s Jeffrey Gundlach said on Tuesday there is a possibility of a “true collapse” in U.S. capital expenditures and hiring if the price of oil stays at its current level. Gundlach, who correctly predicted government bond yields would plunge in 2014, said on […]
Arctic Explorers Retreat From Hostile Waters With Oil Prices Low
Arctic Explorers Retreat From Hostile Waters With Oil Prices Low When Statoil ASA (STL) acquired the last of three licenses off Greenland’s west coast in January 2012, oil at more than $110 a barrel made exploring the iceberg-ridden waters an attractive proposition. Less than two years later, the price of oil had been cut by almost half and […]
Iran will weather oil price slide, Saudi Arabia will suffer – Rouhani
Iran will weather oil price slide, Saudi Arabia will suffer – Rouhani Iranian President Hassan Rouhani said Tuesday that Iran can cope with the economic turmoil of falling oil prices, adding that Saudi Arabia and Kuwait will be harder hit. Rouhani said that while oil now only accounts for one-third of Tehran’s budget, some of […]
Either Crude or Copper
Either Crude or Copper The primacy of the monetary pyramid in 2015 is not really about money as it is all ideology. If you believe that monetary policy provides “stimulus” then you immediately remove all thoughts of any economic decline during times when monetarism is most active. Since “it works” then all else must fall […]
The Deep State Strategy: Burn Everyone Else’s Oil First, Leave Ours in the Ground
The Deep State Strategy: Burn Everyone Else’s Oil First, Leave Ours in the Ground The U.S. Deep State is in favor of Saudi Arabia’s strategy of forcing production cuts on its rivals and marginal producers for two profound reasons. It is widely presumed that if the U.S. government isn’t actively concerned about the financial carnage […]
Could The Oil Bust Last?
Could The Oil Bust Last? The oil industry has experienced boom and busts before, but the depths to which oil prices have plunged have surprised everyone. Could the bust now persist much longer than many think? It is not just oil that has seen a bust. Over the last decade and a half, the global […]
Oil Drops Below $45; U.S. Stockpiles May Speed Collapse
Oil Drops Below $45; U.S. Stockpiles May Speed Collapse Oil extended losses to trade below $45 a barrel amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5 1/2 years. Futures fell as much as 4.1 percent in New York, declining for a […]
The Confessions Begin: Goldman, BofA Warn Crude Crash Will Have Negative Impact On GDP, Earnings
The Confessions Begin: Goldman, BofA Warn Crude Crash Will Have Negative Impact On GDP, Earnings The plunge in oil prices is unambiguously good for the US economy – Virtually every “pundit” with a business suit, who collected a $200 CNBC appearance in the past 3 months A week ago we showed that, using Gallup polling data, […]
Oil prices down again as UAE defends holding production
Oil prices down again as UAE defends holding production (Reuters) – Brent and U.S. WTI crude oil prices fell to their lowest levels in almost six years on Tuesday as a big OPEC producer stood by the group’s decision not to cut output to tackle a glut in the market. Oil prices have fallen 60 percent from their […]
Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds
Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. As I write this, the price of U.S. oil is sitting at $45.76 […]
At Last The ‘Experts’ Wake Up To Oil
At Last The ‘Experts’ Wake Up To Oil Boy, did the ‘experts’ and ‘analysts’ drop the ball on this one, or what’s the story. Only today, Goldman’s highly paid analysts admitted they’ve been dead wrong from months, that their prediction that OPEC would cut production will not happen, and that therefore oil may go as […]
The Scariest Chart For America’s Shale Industry
The Scariest Chart For America’s Shale Industry Back in early November, when we posted “If WTI Drops To $60, It Will “Trigger A Broader HY Market Default Cycle“, it was greeted with the usual allegations of conspiracy theorism, tin-foil hattery and pretty much everything else, except rebutting facts. Two months later, it was none other […]
Oil Falls as Goldman Cuts Outlook While Venezuela Seeks Recovery
Oil Falls as Goldman Cuts Outlook While Venezuela Seeks Recovery Oil fell to the lowest level in more than 5 1/2 years as Goldman Sachs Group Inc. reduced its price forecasts andVenezuela called on OPEC producers to work together to spur a recovery. Futures slid as much as 3.3 percent in London after a seventh weekly […]
North Dakota county feels Bakken boom ebb away as oil falls
North Dakota county feels Bakken boom ebb away as oil falls (Reuters) – Just over a decade ago, this sleepy farming community on the fringe of North Dakota’s Bakken shale formation hosted the state’s first horizontal oil well to be hydraulically fractured, or fracked, helping set in motion an economic revolution that shook the world. […]
As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt
As Oil Prices Fall, Banks Serving the Energy Industry Brace for a Jolt Banks have been lending hand over fist to companies in the nation’s energy industry, underwriting bonds, advising on mergers, even financing the building of homes for oil workers. All of this has provided a boon to banks that have been struggling to […]
