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Tag Archives: oil
What is the price of oil telling us?
What is the price of oil telling us? Market fundamentalists tell us that prices convey information. Yet, while our barbers and hairdressers might be able to give us an extended account of why their prices have changed in the last few years, commodities such as oil–which reached a six-year low last week–stand mute. To fill […]
Lawrence Wilkerson: Travails of Empire – Oil, Debt, Gold and the Imperial Dollar
Lawrence Wilkerson: Travails of Empire – Oil, Debt, Gold and the Imperial Dollar “We are imperial, and we are in decline… People are losing confidence in the Empire.” This is the key theme of Larry Wilkerson’s presentation. He never really questions whether empire is good or bad, sustainable or not, and at what costs. At […]
US-NATO Military Deployments, Economic Warfare, Goldman Sachs and the Next Financial Meltdown
US-NATO Military Deployments, Economic Warfare, Goldman Sachs and the Next Financial Meltdown Is There a Relationship? What is the relationship between war in a military theater and “economic warfare”? An act of war is invariably an economic undertaking which supports dominant corporate interests. The conduct of US-NATO military operations is carried out on behalf of powerful financial […]
Big Oil in Retreat
Big Oil in Retreat On July 14, 2011, at TomDispatch, Bill McKibben wrote that he and a few other “veteran environmentalists” had issued a call for activists to descend on the White House and “risk arrest to demand something simple and concrete from President Obama: that he refuse to grant a license for Keystone XL, a new pipeline […]
Oil storage tanks filled to levels not seen in 80 years
Oil storage tanks filled to levels not seen in 80 years U.S. oil inventories at levels not seen in at least 80 years North American oil prices could take a hit this fall as there are renewed concerns about a lack of storage capacity. A recent report by the U.S. Energy Information Agency suggests crude […]
Europe oil consumption peaked 2005
Europe oil consumption peaked 2005 This is the 3rd article using data from the BP Statistical Review published in June 2015 Fig 1: Western Europe oil consumption, oil prices in $2014 Total oil consumption peaked 3 times at around 14 mb/d: (1) In 1973, the 1st oil crisis which was triggered by the Yom Kippur war. […]
TransCanada quietly plots response as Keystone XL rejection seems imminent
TransCanada quietly plots response as Keystone XL rejection seems imminent Alberta company consulting lawyers on possibly suing U.S. under NAFTA A source involved in Keystone XL said the main suspense now is how Obama will make his big announcement about the pipeline: quietly, in a mid-summer Friday afternoon statement, or boldly from a platform like […]
Pentagon prepares for century of climate emergencies and oil wars
Pentagon prepares for century of climate emergencies and oil wars US Army is preparing for a new era of war for oil. While energy has always played a role in military conflicts, US military experts believe the geopolitics of energy, land and water is increasingly central to who rules, or ruins, the world. Two research […]
Global Oil Supply More Fragile Than You Think
Global Oil Supply More Fragile Than You Think Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the collapse of prices in July – owing […]
Cash-Strapped Saudi Arabia Hopes To Continue War Against Shale With Fed’s Blessing
Cash-Strapped Saudi Arabia Hopes To Continue War Against Shale With Fed’s Blessing Two weeks ago, Morgan Stanley made a decisively bearish call on oil, noting that if the forward curve was any indication, the recovery in prices will be “far worse than 1986” meaning “there would be little in analysable history that could be a […]
Reshuffling Eurasia’s Energy Deck — Iran, China and Pipelineistan
Reshuffling Eurasia’s Energy Deck — Iran, China and Pipelineistan Pipelineistan – the prime Eurasian energy chessboard — never sleeps. Recently, it’s Russia that has scored big on all fronts; two monster gas deals sealed with China last year; the launch of Turk Stream replacing South Stream; and the doubling of Nord Stream to Germany. Now, with […]
Crashing: Apple, Twitter, Oil, Commodities, Greek Stocks, Chinese Stocks
Crashing: Apple, Twitter, Oil, Commodities, Greek Stocks, Chinese Stocks The month of August sure has started off with a bang. Tech stocks are crashing, oil is crashing, industrial commodities are crashing, Greek stocks crashed the moment that the Greek stock market reopened for trading, and Chinese stocks continue to crash. At this point we have […]
Oil Re-Bloodies the “Smart Money”
Oil Re-Bloodies the “Smart Money” The “liquidity death spiral.” Oil plunged again on Monday, with West Texas Intermediate down over 4%. At $45.17 a barrel, it’s just a hair away from this year’s oil-bust low. During 8 weeks in a row of relentless declines, WTI had plunged 26%. July’s 21% drop was the largest monthly decline since […]
