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Natural Gas Futures Drop Below $3 for First Time Since 2012 – Bloomberg
Natural Gas Futures Drop Below $3 for First Time Since 2012 – Bloomberg. Natural gas futures slumped below $3 per million British thermal units for the first time since 2012 on speculation that record production will overwhelm demand for the heating fuel. Futures have slid 29 percent this year, heading for the first annual decline […]
Saudi Arabia Ready For $20, $30, $40 Oil
Saudi Arabia Ready For $20, $30, $40 Oil. Brent crude and West Texas Intermediate (WTI) fell 2 and 3.3 percent respectively to start the week and Saudi Arabia is prepared to go much lower in a bid to trim the fat. Oil Minister Ali al-Naimi said as much in an interview with the Middle East Economic Survey […]
You Thought The Saudis Were Kidding? – The Automatic Earth
You Thought The Saudis Were Kidding? – The Automatic Earth. There are many things I don’t understand these days, and some are undoubtedly due to the limits of my brain power. But at the same time some are not. I’m the kind of person who can no longer believe that anyone would get excited over […]
Make No Mistake, the Oil Slump Is Going to Hurt the US Too | Casey Research
Make No Mistake, the Oil Slump Is Going to Hurt the US Too | Casey Research. f you only paid attention to the mainstream media, you’d be forgiven for thinking that the US is going to get away from the collapse in oil prices scot free. According to popular belief, America is even going to […]
Low Oil Prices Pushing Venezuela Towards Default
Low Oil Prices Pushing Venezuela Towards Default. Low oil prices are putting major oil producers in a squeeze. The Russian central bank has been forced to cough up foreign exchange in order to defend itself from a currency crisis. But it may be Venezuela that is the least prepared and most in danger of an economic […]
Did The Saudis And The US Collude In Dropping Oil Prices?
Did The Saudis And The US Collude In Dropping Oil Prices?. The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing serious damage […]
oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20/Barrel Oil
oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20/Barrel Oil. The ability of oil exporters to trigger a short-term collapse in price does not automatically translate into an ability to control the financial conflagration such a crash ignites. My BS detector went off when two stories with similar headlines touting $20/barrel […]
Nigerians ‘Crying for Money’ as Naira, Boko Haram Hit Trade – Bloomberg
Nigerians ‘Crying for Money’ as Naira, Boko Haram Hit Trade – Bloomberg. At one of Nigeria’s busiest markets, Ndubuisi Benjamin Nweke complains about the toughest business environmentAfrica’s biggest economy has faced in years. “Customers are not coming the way they’re supposed to,” said the 46-year-old, whose trade in Chinese-made fabrics at the Idumota market in […]
First Oil, now US Natural Gas Plunges off the Chart, “Negative Igniter” for New Debt Crisis | Wolf Street
First Oil, now US Natural Gas Plunges off the Chart, “Negative Igniter” for New Debt Crisis | Wolf Street. Friday, natural gas futures plunged 6%. Monday morning, when folks were thinking about the beautiful Santa Rally, NG futures plunged nearly 10% to $3.12 per million Btu, the lowest since January 10, 2013. But the crazy […]
Could an Energy Bust Trigger QE4? | Euro Pacific Capital
Could an Energy Bust Trigger QE4? | Euro Pacific Capital. In a normal economic times falling energy costs would be considered unadulterated good news. The facts are simple. No one buys a barrel of oil to display above the mantle. No one derives happiness from a lump of coal. Energy is simply a means to […]
20 Stunning Facts About Energy Jobs In The US | Zero Hedge
20 Stunning Facts About Energy Jobs In The US | Zero Hedge. For all those who think the upcoming carnage to the shale industry will be “contained” we refer to the following research report from the Manhattan Institute for Policy Research: The United States is now the world’s largest and fastest-growing producer of hydrocarbons. It has […]
Exclusive – U.S. airlines confront cheap oil’s flip side: costly hedges | Reuters
Exclusive – U.S. airlines confront cheap oil’s flip side: costly hedges | Reuters. (Reuters) – Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes. […]
Do Falling Oil Prices Raise The Threat Of Deflation?
Do Falling Oil Prices Raise The Threat Of Deflation?. The spectacular drop in oil prices means that inflation is going to fall even further below the Fed’s 2% target. Does that raise any new risks for the economy? I say no, and here’s why. Year-over-year percent change in the monthly deflator for personal consumption expenditures. […]
Kazakhstan Prepares For $40 Oil, Gary Schilling Says “Oil Going To $20” | Zero Hedge
Kazakhstan Prepares For $40 Oil, Gary Schilling Says “Oil Going To $20” | Zero Hedge. “People should not be worried,” explained Kazakhstan President Nursultan Nazarbayev in a TV address over the weekend, “we have a plan in place if oil prices are $40 per barrel.” Kazakhstan, the second largest ex-Soviet oil producer after Russia, explains “there are reserves […]
Junk Bonds Are Going To Tell Us Where The Stock Market Is Heading In 2015
Junk Bonds Are Going To Tell Us Where The Stock Market Is Heading In 2015. Do you want to know if the stock market is going to crash next year? Just keep an eye on junk bonds. Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first. And as you will […]
