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The Year the Oil Bubble Burst

The Year the Oil Bubble Burst As companies are forced to slash value of reserves, industry faces a grim new future. The days of artificially inflated oil prices might be over forever. Teardrop image via Shutterstock. Are we witnessing the beginning of the end for the oil industry? It’s reporting season in the financial world and like […]

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Venezuela fails to persuade Saudis to cut oil production

Venezuela fails to persuade Saudis to cut oil production Meeting called ‘successful,’ but no word of agreement to help boost prices AFP/Getty ImagesVenezuela’s minister of petroleum and mining, Eulogio Del Pino, seen in December.  DUBAI — Saudi oil minister Ali al-Naimi met with his Venezuelan counterpart on Sunday but didn’t announce any plans for the […]

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Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: “Eventually, Economic Producers Will Prevail”

Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: “Eventually, Economic Producers Will Prevail” As the EM world looks on helplessly while Saudi Arabia’s war with the US shale complex (and, by extension, with the Fed) serves to keep crude prices depressed putting enormous pressure on commodity currencies and accelerating emerging market outflows, the […]

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Putin and the Saudi Caravan

Putin and the Saudi Caravan No one – as usual – saw it coming. So guess who walks into a room in St. Petersburg this past Thursday; Saudi Arabia’s Deputy Crown Prince – and Defense Minister – Muhammad bin Salman, favorite son of King Salman; Foreign Minister Adel al-Jubeir (former ambassador to the US and very close to key players in the […]

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Saudi Arabia Confident in Oil Rebounding on Global Growth – Bloomberg

Saudi Arabia Confident in Oil Rebounding on Global Growth – Bloomberg. Saudi Arabia, the world’s largest oil exporter, is confident that crude prices will rebound with global economic growth boosting demand. Prices will recover from a slump due to a glut created by a lack of cooperation from producers outside the Organization of Petroleum Exporting […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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