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Shale Liquidations Begin? Sub-$50 Oil Appears In North Dakota
When ISIS dared to steal and sell oil at below market rates, they were dire pirates that needed to be destroyed (and anyone who dared to buy it was pariah). So when, as Bloomberg reports, crude sold at...
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Here Is Oil's Next Leg Down
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,News reports about developments in the oil markets are coming fast and furious, and none of them indicate any stabilization, let alone rise,...
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Oil And The Global Slowdown - It's Time For Central Banks To Admit They Failed
Submitted by Chris Martenson via Peak Prosperity,The world economy is slowing down and the authorities are fretting.[ZH - Do you see a pattern here?]Japan, Italy, and Greece are all in recession. China...
View ArticleFrontrunning: December 8
Welcome to the recovery: Euro zone warning hits stocks, currency as oil plumbs depths (Reuters)Japan GDP Worse Than Initially Reported (WSJ)China trade data well below expectations (BBC)German...
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Oil Crash Comes Home To Roost: ConocoPhillips To Slash 2015 CapEx By 20%
With every single hollow chatterbox repeating that crashing oil prices are "unambiguously good" it is clearly the case that the opposite is true. And sure enough, the first indications that the crude...
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17 Signs You Were A CIO In 2014
Authored by Leanna Or ( @ai_CIO ), originally posted at Chief Investment Officer magazine,Asset owners, prepare to nod vigorously.1. You thought Bill Gross’ resignation was a joke. Or that some...
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This Time Is The Same: Like The Housing Bubble, The Fed Is Ignoring The Shale...
Submitted by David Stockman via Contra Corner blog,We are now far advanced into the third central bank generated bubble of the last two decades, but our monetary politburo has taken no notice...
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Should You Believe What They Tell You? Or What You See?
Submitted by Jim Quinn via The Burning Platform blog,Sometimes I wish I could just passively accept what my government monarchs and their mainstream media mouthpieces feed me on a daily basis. Why do I...
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"This $550 Billion Mania Ends Badly," Energy Companies Are "Shut Out Of The...
"Anything that becomes a mania -- it ends badly," warns one bond manager, reflecting on the $550 billion of new bonds and loans issued by energy producers since 2010, "and this is a mania." As...
View ArticleFrontrunning: December 15
Sydney Siege Sparks Muslim Call for Calm Amid Backlash Fear (BBG)Oil Spilling Over Into Central Bank Policy as Fed Enters Fray (BBG)Biggest LBO of 2014: BC Partners to acquire PetSmart for $8.7 billion...
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"You Can Only Fool Reality So Long"
Submitted by James H. Kunstler via Kunstler.com,“Oil prices have dropped $50 a barrel. That may not sound like much. But when you take $107 and you take $57, that’s almost a 47 percent decline…!”...
View ArticleFrontrunning: December 17
Citigroup is pleased: Obama signs $1.1 trillion government spending bill (Reuters)Oil holds below $60 as OPEC, Russia keep pumping (Reuters)5 Things to watch at the December Fed Meeting (WSJ)Russia...
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Comstock Suspends Drilling In Eagle Ford Due To Plunging Oil Prices
Shale 0 - Saudi Arabia 1Following one after another major and shale company announcing plans to trim capex (even as they miraculously still get to keep their revenue and EPS projections intact, for...
View ArticleFrontrunning: December 19
Icahn, Paulson Suffer Large Losses as Energy-Related Bets Sour (WSJ)Oil Investors Keep Betting Wrong on When Market Will Bottom (BBG)U.S. to sell final $1.25 billion shares of Ally Financial from...
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From Average Joe To Average Jihadi - How A Texas Plumber's Truck Turned Up In...
A photo posted to Twitter last week by Ansar al-Din Front, an Islamic extremist brigade, clearly shows a Ford truck with a "Mark-1 Plumbing" decal on the door and a militant standing in the bed firing...
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2014 Year In Review (Part 1): The Final Throes Of A Geopolitical Game Of Tetris
Submitted by David Collum via Peak Prosperity,Background“I don't write about what I know: I write to find out what I know.”~Patricia HamplEvery December, I write a Year in Reviewref 1–7 first posted on...
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2014 Year In Review (Part 2): Will 2015 Be The Year It All Comes Tumbling Down?
Authored by David Collum, originally posted at Peak Prosperity,If you've not yet read Part 1, click here to do so. The whole enchilada can be downloaded as a single PDF here, or read below, or viewed...
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20 Stunning Facts About Energy Jobs In The US
For all those who think the upcoming carnage to the shale industry will be "contained" we refer to the following research report from the Manhattan Institute for Policy Research:The United States is...
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The Dangerous Economics of Shale Oil
Submitted by Dave Fairtex via Peak Prosperity.com,For years, we've been warning here at PeakProsperity.com that the economics of the US 'shale revolution' were suspect. Namely, that they've only been...
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Caught On Tape: What Happens When A California Driver Finally Snaps
In the idyllic foothills of the Sierras amid the forested beauty of Tahoe National Forest, it appears the California drought finally got to Deirdre Orozco. As the following crazy clip shows, the...
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