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Tag Archives: crude oil
The End Is Nigh for the Fed’s “Bubble Epoch”
The End Is Nigh for the Fed’s “Bubble Epoch” Market Mythology LONDON – Twice in the last 15 years, markets have tried to correct the mistakes and excesses of the Bubble Epoch. Each time, the Fed came back with even more mistakes and excesses. Trillions in new credit… lower lending rates… easier terms… ZIRP… QE… […]
Maduro “Wake Up” Call For OPEC As Venezuela Crude Crashes To 13 Year Lows
Maduro “Wake Up” Call For OPEC As Venezuela Crude Crashes To 13 Year Lows Venezuela’s crude oil basket price collapsed to as low as $20.20 yesterday, according to the socialist utopia’s President Maduro. Having already “passed the point of no return,” Maduro rages that OPEC producers appear to be “finally waking up” to what they have unleashed […]
The Birth Of The PetroYuan (In 2 Pictures)
The Birth Of The PetroYuan (In 2 Pictures) Give me that!! It belongs to the Chinese now! h/t @FedPorn As we previously detailed, two topics we’ve deemed critically important to a thorough understanding of both global finance and the shifting geopolitical landscape are the death of the petrodollar and the idea of yuan hegemony. In November […]
The myth of US self-sufficiency in crude oil
The myth of US self-sufficiency in crude oil Google for “US energy independence” and you will get 134k results, “US self sufficiency” yields 10k results. Here are some examples of what the media reports: In Aljazeera’s Inside Story, 10/1/2016, titled “How much support will Saudi Arabia win against Iran?” the delicate relationship between the US, […]
Will Reckless Saudis Seek War with Iran?
Will Reckless Saudis Seek War with Iran? Exclusive: Under growing economic and political pressure, the new Saudi leadership is showing a dangerous impulse toward military interventions, raising prospects for a direct and destructive confrontation with its regional rival Iran, writes Daniel Lazare. Now that Saudi Arabia has severed diplomatic ties with Iran and reportedly bombed Iran’s embassy in […]
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. […]
WTI Slides After API Reports Massive Build In Gasoline & Distillate Inventories
WTI Slides After API Reports Massive Build In Gasoline & Distillate Inventories With the seasonally drawdown-prone December completed, we begin seasonally build-prone January with expectations for a 2mm barrel build. However, according to API, both total and Cushing inventory levels tumbled (-3.9mm and 300k respectively). Great news – so why is crude tumbling? Simple – massive […]
Chart Of The Day: Canadian Heavy Crude Falls To $19.81—–Down From $100 In 2011
Chart Of The Day: Canadian Heavy Crude Falls To $19.81—–Down From $100 In 2011
For Commodities, This Is The Next Great Depression
For Commodities, This Is The Next Great Depression While the “sell in 1973, and go away” plan had worked out for some in the commodity space, the destruction of the last decade has only one historical comparison… the middle of The Great Depression. The 10-year rolling annualized return for commodities is -5.1% – the lowest since 1938… During the same period […]
WTI Plunges To $35 Handle As Loonie Hits 12 Year Low
WTI Plunges To $35 Handle As Loonie Hits 12 Year Low WTI Crude prices just broke back to a $35 handle for the first time since mid-December as the combination of un-growth, Saudi price cuts, a rancorous OPEC, and production increases weigh on the world’s most important commodity. At the same time, oil producers are getting […]
Protesters Storm, Set Fire To Saudi Embassy In Iran
Protesters Storm, Set Fire To Saudi Embassy In Iran Earlier today, Saudi Arabia announced it had staged its largest mass execution in 25 years. 43 al-Qaeda conspirators were killed along with 4 Shiites accused of shooting policemen in the anti-government protests which broke out during the Arab Spring. Among the Shiites killed: prominent cleric Nimr al-Nimr. His death […]
ISIS oil trucks cross into Turkey every day, captured terrorist admits
ISIS oil trucks cross into Turkey every day, captured terrorist admits A captured Islamic State militant who spoke to Sputnik news agency has bolstered claims that Turkey is involved in illegal oil deals with the jihadist group up to the hilt. TrendsIslamic State 24-year-old Mahmud Ghazi Tatar says he joined Islamic State (IS, previously ISIS/ISIL) […]
Five energy surprises for 2016: The possible and the improbable
Five energy surprises for 2016: The possible and the improbable Many energy analysts like to make predictions at the end of the year for the coming year. Instead, I’ll point to five possible surprises in energy–surprises because few people expect them to happen. I am not predicting that any of the following will happen, only […]
