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Oil Price Crash Was Not Saudi Arabia’s Fault
Oil Price Crash Was Not Saudi Arabia’s Fault Quite simply, the Saudis want to maintain their market share, but their means to control that are dwindling. The whole internet is jam-packed with analysis portraying Saudi Arabia and OPEC as villains for the oil price collapse. On a closer look, however, the Saudi’s could have taken […]
The Coming Collapse of Saudi Arabia
The Coming Collapse of Saudi Arabia They met in secret to plan a devastating attack… Two powerful men, colluding at a palace in the Middle East. In September 2014, U.S. Secretary of State John Kerry flew to Saudi Arabia. He was there to meet with King Abdullah, the country’s ruler and one of the […]
IA’s Dire Oil Forecast: $34 Crude Due To Far More Resilient Production, Oversupply And Lower Demand
IA’s Dire Oil Forecast: $34 Crude Due To Far More Resilient Production, Oversupply And Lower Demand Now that the massive USO-driven squeeze appears to be over (congratulations to whoever managed to sell equity and their secured lenders) the bad news can return. First, it was Goldman slamming the “unsustainable rally, and then just a few hours […]
Dallas Fed Unplugs Oil Bulls, Warns of Liquidity Crunch, Contagion
Dallas Fed Unplugs Oil Bulls, Warns of Liquidity Crunch, Contagion “Negative ripple effects” The rally in crude oil has been red hot. In the three weeks since February 11, WTI shot up a short-crushing 34% to $34.69 a barrel at the moment. Now the talk in the oil patch is at what price these desperate […]
A Secret About Oil You Won’t Find Anywhere Else
A Secret About Oil You Won’t Find Anywhere Else This is going to be a far larger problem than Wall Street realizes. In early 1983 – the first week of February, to be precise – the inventory of crude oil in the U.S. reached an all-time economic high. I say “economic high” because nominal supply […]
“There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices
“There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices One week ago, we reported that even as traders were focusing on the daily headline barrage out of OPEC members discussing whether or not they would cut production (they won’t) or merely freeze it (at fresh […]
Peak Oil: Just A Distraction Pt 2
Peak Oil: Just A Distraction Pt 2 In the end, does the choice of words really matter? The “Yes, we’ve reached Peak Oil” versus the “No, we have not” is a distraction—and I’ve done my part to contribute. But without recognizing and accepting the simple truth that we’re drawing down a finite and depleting resource […]
Moments After Oil Crashes To 12 Year Lows, “OPEC Headline” Sends It Surging Again
Moments After Oil Crashes To 12 Year Lows, “OPEC Headline” Sends It Surging Again Seconds after Oil hit the lows and NYMEX closed – and S&P broke the critical 1812 level, this hit: *OPEC READY TO COOPERATE ON CUT, UAE ENERGY MIN SAYS: WSJ Here is the source: Summer Said ✔@summer_said OPEC is ready to […]
The Most Ominous Warning That Oil Storage Is About To Overflow Has Arrived
The Most Ominous Warning That Oil Storage Is About To Overflow Has Arrived It was just last week when we said that Cushing may be about to overflow in the face of an acute crude oil supply glut. “Even the highly adaptive US storage system appears to be reaching its limits,” we wrote, before plotting Cushing capacity […]
Why Markets Are Crashing: “Faith In Central Banks Fails”
Why Markets Are Crashing: “Faith In Central Banks Fails” While Citigroup’s Eric Lee thinks its “ridiculous” to talk fo a US recession, it appears the macro data and markets would strongly disagree: as Bloomberg reports: Signals by central banks from Europe to Japan that additional stimulus is at the ready are failing to ease investor […]
BP’s Stunning Warning: “Every Oil Storage Tank Will Be Full In A Few Months”
BP’s Stunning Warning: “Every Oil Storage Tank Will Be Full In A Few Months” It was just last week when we said that Cushing may be about to overflow in the face of an acute crude oil supply glut. “Even the highly adaptive US storage system appears to be reaching its limits,” we wrote, before plotting Cushing […]
Iran Signs Oil Deal With Total, Deal Done In Euros
Iran Signs Oil Deal With Total, Deal Done In Euros As Airbus and Peugeot finally return to post-sanctions Iran, the trade-off is Iranian oil, with French Total SA taking the plunge in an agreement to buy up to 200,000 barrels per day of Iranian crude–but the catch is that sales will be in euros. Deals signed […]
Oil vs. Electricity: Argentina’s Impossible Emergency
Energy vs. Oil: Argentina’s Impossible Emergency Argentina faces twin energy crises. The government ended electricity subsidies, resulting in 500 percent price increases. At the same time, the government is subsidizing exported crude oil to stop protests. Photo via marketonemediagroup.com Argentina faces twin energy crises that literally and figuratively are screaming from the front of every newspaper in […]
