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Kuwait “Over-Supply” Concerns Send WTI Tumbling Back To $42 Handle

Kuwait “Over-Supply” Concerns Send WTI Tumbling Back To $42 Handle Reversing all of yesterday’s FOMC-inspired idiocy, WTI has plunged back to reality this morning. Following comments by Kuwait’s comments that OPEC had no choice but to keep production steady, refocusing the market on global oversupply, April WTI is back down to a $42 handle. All of […]

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The Oil Markets Are Rigged – Here’s How

The Oil Markets Are Rigged – Here’s How We have remarked numerous times, thanks in many cases to the detailed analysis of Nanex LLC, that oil markets (among others) are manipulated or rigged. But, just as Michael Lewis was what equity market participants needed to comprehend what was occurring stocks, so WSJ reports today on ‘spoofing’ in the […]

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WAR & PETROLEUM RESERVES

WAR & PETROLEUM RESERVES In the interest of analytical balance, we would do well to consider the possibility of war strategies when it comes to the global stockpiling of petroleum reserves.  In the years leading up to the German invasion of Poland, the world witnessed dramatic decreases in the price of oil as well as […]

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Increasing Demand For Refined Products Will Increase Oil Prices

Increasing Demand For Refined Products Will Increase Oil Prices In last week’s article I posted a chart from the International Energy Agency’srecent Oil Market Report that shows global demand for refined products catching up to supply by the 3rd quarter of this year. My opinion is that all of the analysts who are now blaming the sharp drop […]

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This Week In Energy: Asian Energy Empire Expansion

This Week In Energy: Asian Energy Empire Expansion This week saw WTI prices break the psychological $50 threshold, compounding trader and oil company woes further. However, recent price updates from certain shale areas in the U.S. would seem to indicate many producers arereceiving far less for their oil (as low as $34 per barrel in some […]

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Oil Production Vital Statistics January 2015

Oil Production Vital Statistics January 2015 Another ‘guest post’ by Euan Mearns at Energy Matters. I thought that, given developments in oil prices, we can do with some good solid numbers on production. Euan Mearns: This is the first in a monthly series of posts chronicling the action in the global oil market in 12 key charts. […]

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Iraq Could Be Oil Market Linchpin

Iraq Could Be Oil Market Linchpin. As hard as it may be to imagine, given today’s rock bottom oil prices and abundant supplies, the world may still struggle to bring enough oil online over the next few decades to meet long-term demand. Global economic growth over the next several decades is predicated on continued growth […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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