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Adding Oil to the Fires in the Middle East

Tom Engelhardt | Posted 04.28.2016 | Politics
Tom Engelhardt

In a Greater Middle East in which one country after another has been plunged into chaos and possible failed statehood, Iran and Saudi Arabia have been bedrock exceptions to the rule. Iran, at the moment, remains so, but the Saudi royals, increasingly unnerved, have been steering their country erratically into the region's chaos.

Debacle at Doha

Michael T. Klare | Posted 04.28.2016 | Politics
Michael T. Klare

Sunday, April 17 was the designated moment. The world's leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. But far from restoring the old oil order, the meeting ended in discord, driving prices down again and revealing deep cracks in the ranks of global energy producers.

TGIF - Stop the Rally, We Want to Cash Out!

Phil Davis | Posted 04.15.2016 | Business
Phil Davis

You are welcome! That's right, yesterday we told you that the Nikkei was facing the Kobayashi Maru and we picked a short on the Futures (/NKD) at ...

$85 Crude Oil By Christmas - An Interview With Mike Rothman | Posted 04.08.2016 | Business

After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha loom...

Why Oil Stocks Will Be the Best Investment in 2016

GOBankingRates | Posted 03.23.2016 | Business

By Barbara Friedberg, Contributor Predicting the stock market is no easy task. "Buy low" is great advice, but how do you know if a low stock won't go...

What Happens When Oil Hits $50? | Posted 03.22.2016 | Business

If oil prices reach $50/b, instead of decreasing, U.S. production will likely increase because many of the shale oil drillers on the brink of insolvency will view this as a Godsend and boost production to remain in business. They are just waiting to re-open the floodgates here.

Energy Wars of Attrition

Michael T. Klare | Posted 03.08.2016 | Politics
Michael T. Klare

With the advent of North American energy abundance in 2012, petroleum enthusiasts began to promote the idea of a "new American industrial renaissance" based on accelerated shale oil and gas production and the development of related petrochemical enterprises.

This Could Explain One Of The Biggest Mysteries Of Cheap Oil

The Huffington Post | Ben Walsh | Posted 03.03.2016 | Business

The price of oil has crashed over the last year and a half. In the middle of 2014, a barrel of crude cost over $100. Now it's worth just over $30. Nor...

Saudis Turn to Capital Markets for $10 Billion Loan | Posted 03.03.2016 | Business

Saudi Arabia is seeking a $10 billion loan from international banks, according to Reuters, which represents the country's first major loan in more tha...

Is This the Most Bullish News for Oil Since 2014? | Posted 02.25.2016 | Business

It announced that it will not maintain any active rigs in the Bakken shale region in 2016 and also announced production cuts of 15-20 percent and a capital spending reduction of 80 percent.

'Green News Report' - February 25, 2016

Brad Friedman and Desi Doyen | Posted 02.25.2016 | Green
Brad Friedman and Desi Doyen

The Green News Report is also available via... IN TODAY'S RADIO REPORT: Saudi Arabia declines to help US oil producers survive oil's downturn; Bi...

Will We Hold It Wednesday - S&P 1,900 Edition

Phil Davis | Posted 02.24.2016 | Business
Phil Davis

Oil can! That's right, once again tumbling oil prices are taking down the global markets as yesterday's little meeting between OPEC and the Ameri...

Who Will Be Left Standing at the End of the Oil War | Posted 02.23.2016 | Business

While there are billions of reasons to cut output, and every major producing country is reeling from the loss of revenues, some are weathering the current bust better than others, but the devil is in the details, and the details contain tons of variables.

Historic OPEC-Russia Agreement Will Have Minimal Impact

Nick Cunningham | Posted 02.17.2016 | Business
Nick Cunningham

Several top OPEC producers made headlines with Russia on Tuesday, revealing that a secret meeting between their respective energy ministers led to a deal to "freeze" production in an effort to boost oil prices.

Iran Says It Will Resist Oil Output Limits As Part Of Global Pact

Reuters | Alexandra Ma | Posted 01.05.2017 | World

ANKARA/DUBAI (Reuters) - Iran said on Wednesday it would resist any plan to restrain its oil output as fellow OPEC ministers tried to persuade the cou...

1.27 Trillion Tuesday - China's Bad Loans Jump 51% in 12 Months

Phil Davis | Posted 02.16.2016 | Business
Phil Davis

"Cause baby, now we've got bad loansYou know it used to be mad loans So take a look what you've doneCause baby, now we've got bad loans, hey!" B...

Iran's Reintegration into the World Economy as Sanctions are lifted; Not Too Fast!

David Oualaalou | Posted 02.10.2016 | Politics
David Oualaalou

Iran's reintegration into the global economy with the lifting of economic sanctions brings great joy of Iranians but deep reservations to many Americans.

Monday Market Meltdown - Oil Fears Spook Investors (again)

Phil Davis | Posted 02.08.2016 | Business
Phil Davis

"We should all fear Oilmageddon!" That's the word from CitiBank, who are SUPPOSED to be the voice of reason in these markets. When Banksters tel...

Why Saudi Arabia Won't Cut Its Oil Production

Yassin K. Fawaz | Posted 01.13.2017 | World
Yassin K. Fawaz

Anyone who wonders why Saudi Arabia has refused to reduce its oil production to drive the price back up can find an answer in the global climate change accord agreed to by 195 nations in Paris last month.

Edging Closer To The End of OPEC, And The Saudi Arabian Kingdom

Thomas J. Lauria | Posted 01.13.2017 | Politics
Thomas J. Lauria

With a higher cost of living, reduced social programs, and the distinct possibility of initiating taxes, the Saudi people will start demanding more from their government. By driving down the global price of oil, the Kingdom is risking the future of its regime.

The Geopolitics of Cheap Oil

John Feffer | Posted 01.08.2016 | Politics
John Feffer

The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As fossi...

10 Key Energy Trends To Watch for in 2016 | Posted 01.06.2017 | Business

Energy investors got clobbered in 2015, and are hoping for things to turn positive as we head into the New Year. What can we expect in 2016? Here is a rundown of some key trends to watch for.

'Miracle of American Oil': Continental Resources Courted Corporate Media to Sell Oil Exports

Steve Horn | Posted 12.28.2016 | Green
Steve Horn

A document published by the Public Relations Society of America, discovered by DeSmog, reveals that from the onset of its public relations campaign, the oil industry courted mainstream media reporters to help it sell the idea of lifting the ban on crude oil exports to the American public and policymakers.

Oil Prices Have Hit An 11-Year Low, And That's Exactly What Saudi Arabia Wants

The Huffington Post | Ben Walsh | Posted 12.21.2015 | Business

The last time oil was this cheap, the world was in the middle of the worst financial crisis since the Great Depression. As the price of oil falls belo...

Four Questions for the Markets in a Pivotal Week

Terry Connelly | Posted 12.16.2016 | Politics
Terry Connelly

Question #1: Is it possible that the continuing fall in the price of oil on the world and West Texas markets may not be due merely to the decision las...