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Tag Archives: oil
There Will Be Blood – Oil Train Regulations Fail To Address Known Risks
There Will Be Blood – Oil Train Regulations Fail To Address Known Risks “Railroad rules have been written in blood.” This line was included in the annual report of the Commissioner of Railroads for the state of Michigan — in 1901. The idea was that safety rules were only implemented when enough blood had been spilled. One hundred […]
Negative Oil Prices Arrive: Koch Brothers’ Refinery “Pays” -$0.50 For North Dakota Crude
Negative Oil Prices Arrive: Koch Brothers’ Refinery “Pays” -$0.50 For North Dakota Crude Do you have some extra space in your garage or attic? Or perhaps you own an oil tanker you aren’t currently using. Or maybe you have a storage unit that’s got a little extra room next to an old mattress and box […]
Oil Plunges To $28 Cycle Lows As Iran Supply Looms, Stocks Slide
Oil Plunges To $28 Cycle Lows As Iran Supply Looms, Stocks Slide February WTI Crude futures have plunged to new cycle lows at $28.60 (down 2.7%) as Iran supply looms over an already over-glutted global crude market. Brent is down even more (-3.7%). Dow futures are down 60 points at the open. *WTI OIL FALLS AS MUCH AS […]
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week It looks like it is going to be another chaotic week for global financial markets. On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East. Stocks in Kuwait were down 3.1 percent, […]
Why We May Never See $100-a-Barrel Oil Again
Why We May Never See $100-a-Barrel Oil Again ‘Race for What’s Left’ author surveys geopolitical fortunes in aftermath of a pricequake. Pricequake: Recent turmoil could spell doom — not just for ‘tough oil’ projects now underway — but for some over-extended companies (and governments) that own them. Oil barrel photo via Shutterstock. As 2015 drew […]
(Re-)Covering Oil and War
(Re-)Covering Oil and War The first thing that popped into our minds on Tuesday when WTI oil briefly broached $30 for its first $20 handle in many years, was that this should be triggering a Gawdawful amount of bets, $30 being such an obvious number. Which in turn would of necessity lead to a -brief- […]
Ron Paul Says to Watch the Petrodollar
Ron Paul Says to Watch the Petrodollar The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. […]
War Between Saudi Arabia And Iran Could Send Oil Prices To $250
War Between Saudi Arabia And Iran Could Send Oil Prices To $250 The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East. First, the execution of a […]
Russia Breaking Wall St Oil Price Monopoly
Russia Breaking Wall St Oil Price Monopoly Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from […]
No glut in Australian petroleum inventories
No glut in Australian petroleum inventories The Australian Capital’s daily newspaper Canberra Times started the New Year by reprinting an article of the Daily Telegraph referring to an abundance of oil – without checking whether this also applies to Australia, especially after a year of political football games between a Senate committee and energy bureaucrats on one […]
The Financial Crisis Of 2016 Rolls On – China, Oil, Copper And Junk Bonds All Continue To Crash
The Financial Crisis Of 2016 Rolls On – China, Oil, Copper And Junk Bonds All Continue To Crash Never before have we seen a year start like this. On Monday, Chinese stocks crashed once again. The Shanghai Composite Index plummeted another 5.29 percent, and this comes on the heels of two historic single day crashes last […]
Clinton Email Hints that Oil and Gold Were Behind Regime Change In Libya
Clinton Email Hints that Oil and Gold Were Behind Regime Change In Libya On New Year’s Eve, 3,000 emails from Hillary Clinton’s private email server were released. One of them confirms – an email dated April 2, 2011 to Clinton from her close confidante Sidney Blumenthal – that: Qaddafi’s government holds 143 tons of gold, and a similar […]
2016: Oil Limits and the End of the Debt Supercycle
2016: Oil Limits and the End of the Debt Supercycle What is ahead for 2016? Most people don’t realize how tightly the following are linked: Growth in debt Growth in the economy Growth in cheap-to-extract energy supplies Inflation in the cost of producing commodities Growth in asset prices, such as the price of shares of stock […]
The Geopolitics of Cheap Oil
The Geopolitics of Cheap Oil The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go up. And then other options, like solar and wind, […]
