Feeling Abandoned, Saudi Arabia Ups the Ante
Posted Jan 14, 2016
Last week a major diplomatic crisis developed between Saudi Arabia and Iran over the Saudi execution of Nimr al Nimr, a charismatic Shiite cleric and anti-Sunni political activist. Nimr's execution was an important...
So I have this theory,
That the gold standard was replaced by the 'oil' or petro dollar standard, as the gold standard was found wanting and too 'limiting', shall we say, in the face of fiat desire to expand.
That worked for 40-45 years or so, and now we come up on a new point in time, where...
Oil's slide below $30 sends shockwaves far and wide
NEW YORK | By Catherine Ngai and Jessica DiNapoli
An oil well is seen near Denver, Colorado February 2, 2015.
U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S...
Russia prepares final end to petro-dollar by pricing oil in rubles in new market
Cracks widen for dollar as Iran and India to settle oil outside petro-dollar
The U.S. controlled petro-dollar system has been in place since 1973 when former Secretary of State Henry Kissinger...
Something Has Got To Break
Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, and instead of accepting lower GDP growth, we have been using debt to fund...
Cheap oil is a debt weapon...
Towards The Collapse Of Saudi Arabia – Thierry Meyssan
While the Saud family enjoys the last few moments of its dictatorship, the decapitation of the leader of the opposition, Nimr al-Nimr, deprives half of the Saudi population of all hope. For Thierry Meyssan, the...
Forget The Past? The Energy Report 12/31/15
Thursday, December 31, 2015
by Phil Flynn of The PRICE Futures Group
Should auld markets be forgot and never brought to mind? Should auld markets be forgot and auld lang sine?
Not on you life! Oil put in its second back to back losing years since...
First tanker carrying U.S. crude exports sets off from Texas
By Lynn Cook and Erin Ailworth
Published: Dec 31, 2015 6:27 p.m. ET
Foreign-bound oil is first since 40-year ban was recently lifted
An oil tanker discharges its load of crude oil at the Port of Corpus...
Top 10 Oil And Gas Stories Of 2015
Monday, December 28, 2015
by Oilprice.com of Oilprice.com
2015 has been an historic year for oil markets, one that few will forget. At the beginning of the year, crude oil was well on its way to the lowest point since the financial crisis, dropping into the...