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Olduvai III: Catacylsm
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Oil Slumps Below $60 To 8-Month Lows – Set For Record Losing Streak

Oil Slumps Below $60 To 8-Month Lows – Set For Record Losing Streak WTI Crude is trading back below $60 for the first time since March (and Brent below $70) as Washington’s decision to allow eight countries to continue importing from Iran, which it slapped with sanctions earlier this week; as well as pledges by Saudi Arabia […]

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Oil Plunges To Lowest Since March 2009 ($43 WTI) As EURUSD 1.05 Battle Continues

Oil Plunges To Lowest Since March 2009 ($43 WTI) As EURUSD 1.05 Battle Continues Update: *WTI CRUDE TRADES AT LOWEST INTRADAY PRICE SINCE MARCH 2009 – $43.57 Despite ‘trouble’ in Saudi Arabia, and chatter of SPR buying, it appears the re-opening of all Houston shipping channels, comments from Greenspan, yet another refinery shut (Exxon’s Joliet […]

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Venezuelan Bonds Are Collapsing, FinMin Denies Devaluation Looming | Zero Hedge

Venezuelan Bonds Are Collapsing, FinMin Denies Devaluation Looming | Zero Hedge. While talking heads proclaim – incorrectly – that low oil prices are unequivocally good for the US economy, it is very much not the case for oil producers around the world. Most notably, Venezuela – which ‘needs’ oil prices above $100 to maintain its […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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