The Return of Crisis
Bubbles always burst Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future — one Continue Reading
Foiled by Oil
“Pemex revenues are down 70% in the past 18 months. That is what Peak Oil looks like.” “Oil in the ground is wealth only on paper – you may own Continue Reading
EIA revises Oklahoma oil production higher
A revised survey from the U.S. Energy Information Administration raised the estimated daily oil production from Oklahoma by 100,000 barrels. The EIA said it revisited reported production figures from 2014-15 Continue Reading
More Cuts Loom as Oil Nears $25
As crude prices slide toward $25 a barrel, many oil companies have little choice but to start making the steep cost cuts they have avoided up until now, jettisoning every Continue Reading
Oil Glut: What Storage Signals Mean for Prices
There is only a one-letter difference between Cushing and crushing. The latter is what the storage depots at the small Oklahoma town are doing to the global oil market this Continue Reading
Oil slides on storage capacity strains
Oil prices fell on Thursday as a growing glut of crude starts to strain storage options for traders, with supply from Opec and other producers still outstripping demand. The US Continue Reading
Is China Hitting Peak Oil?
China pumps more than 4 million barrels of oil a day (only Saudi Arabia, the United States, Russia, and on a good day Canada produce more), but output is expected Continue Reading
Initial production rates in tight oil formations continue to rise
Tight oil production in the United States increased from 2007 through April 2015, based on estimates in EIA’s Drilling Productivity Report (DPR), and accounted for more than half of total Continue Reading
It’ll Take More Than An Oil Rally To Restart Shale Boom
Explorers in US oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again. (Bloomberg) Continue Reading
Oil Hits Hurdle as U.S. Fuel Glut Puts Brakes on Refining
WTI Crude Falls to Twelve-Year Low Refineries in the middle of the US are curtailing crude processing as profits shrink, leaving behind oil that’s adding to a supply glut and Continue Reading