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Tag Archives: oil price collapse
“Now There’s Not Even Soap” Maduro Heads To China To ‘Save’ Socialist Utopia Venezuela | Zero Hedge
“Now There’s Not Even Soap” Maduro Heads To China To ‘Save’ Socialist Utopia Venezuela | Zero Hedge. Social media is awash with striking images of #EmptyShelvesInVenezuela (#AnaquelesVaciosEnVenezuela) as the evaporation of basic human staples such as toilet paper has now been hyperinflated to total chaos at warehouses and supermarkets. As President Maduro decries the loss of […]
Oil Extends Decline From 5 1/2-Year Low as Supply Glut Lingers – Bloomberg
Oil Extends Decline From 5 1/2-Year Low as Supply Glut Lingers – Bloomberg. Oil fell for a third day, extending its decline from the lowest level in five and a half years amid signs a global supply glut that’s driven crude into a bear market may continue this year. Futures in London dropped as much as 1.3 percent, after […]
The Gasoline Price Myth
The Gasoline Price Myth. “If you repeat a falsehood long enough, it will eventually be accepted as fact.” In the financial markets and economics it is a common occurrence that the media and commentators will latch on to a statement that supports a cognitive bias and then repeat that statement until it is a universally […]
Oil Price Plunge Could Take a Bite from Arms Budgets
Oil Price Plunge Could Take a Bite from Arms Budgets UNITED NATIONS, Jan 02 (IPS) – In a satirical piece titled ‘An Unserious Look at the Year Ahead’ in the Wall Street Journal last week, Hugo Rifkind predicts the price of a barrel of oil will fall so low that people across the world […]
Museletter 271: The Oil Price Crash of 2014 | Richard Heinberg
Museletter 271: The Oil Price Crash of 2014 | Richard Heinberg. The Oil Price Crash of 2014 Oil prices have fallen by half since late June. This is a significant development for the oil industry and for the global economy, though no one knows exactly how either the industry or the economy will respond in […]
This Week In Energy: Why Anything Can Happen in 2015
This Week In Energy: Why Anything Can Happen in 2015. The New Year is upon us but oil prices are carrying on the trend from the second half of 2014 and continuing to drop, with the thirteenth negative week from the last 14 and lows not seen since 2009. With early morning volatility seeing rises of 3.5% […]
Canada Gas Price Lows Could Lead To $12 Billion In Savings: Report
Canada Gas Price Lows Could Lead To $12 Billion In Savings: Report. Slumping oil prices could save Canadians as much as $12 billion at the gas pumps this year. But the lower cost is also very bad news for federal and provincial governments, which may have to cut spending in response to falling oil prices. […]
The Canadian housing bubble makes California real estate look sensible: Crash in energy prices will put pressure on home values up north as Canadians go into maximum leverage. » Dr. Housing Bubble Blog
The Canadian housing bubble makes California real estate look sensible: Crash in energy prices will put pressure on home values up north as Canadians go into maximum leverage. » Dr. Housing Bubble Blog. As the year comes to a close, it is useful to put things into perspective. Sure, California has a love affair with […]
Another Shale-Bubble Bursts: Oil’s Plunge Is Not ‘Unequivocally Good” For This Group | Zero Hedge
Another Shale-Bubble Bursts: Oil’s Plunge Is Not ‘Unequivocally Good” For This Group | Zero Hedge. While Jim Cramer went “all-in on oil stocks” in May 2014 (right before the collapse), it was the fracking sand-providers that were the most-loved stocks on many individual investors buying lists last year… until their worlds caved in. As WSJ reports, for many sand producers, […]
Low Prices Lead To Layoffs In The Oil Patch
Low Prices Lead To Layoffs In The Oil Patch. Crude oil is set to close out a shocking year with a fresh five-year price low in the final days of 2014, falling more than 50 percent from their June highs. The decline continues to bedevil the markets. Sensing a rally was in order, speculators had […]
Oil hits new post-2009 low below $56 as supply glut prevails | Reuters
Oil hits new post-2009 low below $56 as supply glut prevails | Reuters. (Reuters) – Brent crude LCOc1 reversed early gains on Friday to fall to a fresh post-2009 low below $56 a barrel, as a glut of oil that has halved prices since June outweighed investors positioning at the start of the year for a possible eventual […]
Prospect of deficit threatens Conservative government’s best laid plans | Toronto Star
Prospect of deficit threatens Conservative government’s best laid plans | Toronto Star. TTAWA—Prime Minister Stephen Harper’s government faces a roller-coaster ride in the coming months as it tries to balance Ottawa’s books and implement a lavish program of family-oriented tax cuts and spending in advance of an election. The Conservatives have been saying 2015 will […]
Who Is Behind The Oil War, And How Low Will The Price Of Crude Go In 2015?
Who Is Behind The Oil War, And How Low Will The Price Of Crude Go In 2015?. Who is to blame for the staggering collapse of the price of oil? Is it the Saudis? Is it the United States? Are Saudi Arabia and the U.S. government working together to hurt Russia? And if this oil […]
Occam’s Oil Razor: Oil Is Falling Hard Because World Demand Is Falling Hard | David Stockman’s Contra Corner
Occam’s Oil Razor: Oil Is Falling Hard Because World Demand Is Falling Hard | David Stockman’s Contra Corner. As my colleague Joe Calhoun continually reminds us, everything that happens has happened before. The ongoing “struggle” to define what is driving crude oil prices lower is perhaps another instance of a past “cycle” being reborn. With […]
Oil-Bust Contagion Hits Hedge Funds, Supplier Layoffs Begin | Wolf Street
Oil-Bust Contagion Hits Hedge Funds, Supplier Layoffs Begin | Wolf Street. Toxic mix of financial engineering and oil-price collapse. It started a few weeks ago. I’d hear from guys here or there in the oil patch who’d just been laid off. That contrasts with the prior anecdotes of hiring binges. A trickle of anecdotal evidence […]
