Frontrunning: December 29
European Stocks Drop as Greece’s ASE Tumbles After Vote Results (BBG)AirAsia Stock Drops Most Since 2011 After Flight Vanishes (BBG)Libya's NOC says firefighters had managed to extinguish the blaze at...
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Texas Is Not Greece But... Crude Bust Leads To Olive Oil Boom
Texans know all too well that relying too heavily on the oil industry can lead to trouble, and so, as Bloomberg reports, as crude prices tumble, landowners across Texas are accelerating production of a...
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Crude Carnage Resumes: WTI $52 Handle - New Cycle Lows, Here's Why
Just 3 short days ago, energy stocks were surging and oil was - according to the mainstream media - "stabilizing." Today, we plumb new cycle lows, with WTI back below $53 as every rally is to be sold...
View ArticleFrontrunning: January 5
Economists sceptical ECB bond-buying would revive eurozone (FT)Indonesia naval captain says may have located missing plane's tail section (Reuters)Oil hits five and a half year low under $55...
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The Real Cause Of Low Oil Prices: Interview With Arthur Berman
Submitted by James Stafford via OilPrice.com,With all the conspiracy theories surrounding OPEC’s November decision not cut production, is it really not just a case of simple economics? The U.S. shale...
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“Goldilocks Has Left The Building": Citigroup Goes Medieval On The Energy Sector
The price of crude has collapsed by 50% in a few months (and 40% since the end of QE3), which can only mean one thing: the Wall Street penguin brigade is out in full force with its spate of energy...
View ArticleFrontrunning: January 9
Police Surround Paris Terror Suspects Near CDG Airport (BBG)ECB Said to Study Bond-Purchase Models Up to 500 Billion Euros (BBG)How OPEC Weaponized the Price of Oil Against U.S. Drillers (BBG)German...
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The US Hasn't "Decoupled" And There Ain’t No Giant "Oil Tax Cut"
Submitted by David Stockman via Contra Corner blog,The buy-the-dip crowd went on a rampage last Thursday, lifting the Dow by 300 points in the first hour of trading. So doing, it got the stock averages...
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Fed's Beige Book Shows Widespread Concerns Over Oil's Impact
The standard modest or moderate growth comments of the Fed's typically boring Beige Book were awkwardly interspersed with a narrative-interrupting 45 mentions of concerns about oil's price plunge...
View ArticleFrontrunning: January 20
Obama to focus on middle class in State of Union address (Reuters) - all 4 of them?European Stocks Buoyed by ECB Hopes (WSJ)China's 2014 economic growth misses target, hits 24-year low (Reuters)Federer...
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Crushing The U.S. Energy Export Dream
Submitted by Arthur Berman via OilPrice.com,Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time. Exporting gas is dumb.Exporting oil is dumber.The...
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In America, Government Pays You Interest. In Switzerland, You Pay Government.
by Keith WeinerThe old joke is, “(with a Russian accent) In America, you correct newspaper, but in Soviet Union, newspaper corrects you.” Switzerland is now experiencing the bond market equivalent. In...
View ArticleFrontrunning: January 21
Obama Targets Income Gap in Address That Shapes 2016 Election (BBG)Republicans Reject Obama’s Main Economic Proposals (WSJ)Senate’s Shelby Says White House Bank Tax Is Dead on Arrival (BBG)Is Dollar...
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US Rig Count Craters To Lowest Since August 2010
With oil prices down another 6% this week (despite Saudi leadership uncertainty and ECB QE), widespread layoffs announced in Shale states, and despite Lew's comments that he doesn't see US oil...
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The Template Of Life In America Has Broken
Submitted by James H Kunstler via Kunstler.com,The more detached from reality American culture becomes the more strictly ceremonial leadership gets, as illustrated by the raft of bromides Barack Obama...
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Why The U.S. Shale Boom May Come To Abrupt End
Submitted by Arthur Berman via OilPrice.com,U.S tight oil production from shale plays will fall more quickly than most assume.Why? High decline rates from shale reservoirs is given. The more...
View ArticleFrontrunning: January 29
Who Doubts Yellen's Policies? Summers for One (BBG)Samsung, Apple Back in Dead Heat for Global Smartphone Dominance (WSJ)Islamic State purportedly sets new deadline for hostage swap (Reuters)Turkey's...
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When "Rumor Becomes Reality" - This Is The Devastation Across The US Oil Patch
"This is going to hurt, no question," fears a landowner in Santa Barbara with a dozen oil wells. Layoffs are "kind of like a death in the family," exclaims a geophysicist in the Permian Basin....
View ArticleFrontrunning: February 2
Germany Sees No Need to Scrap Troika in Overseeing Greek Turnaround (WSJ)European markets subdued as Chinese data weighs (Reuters)U.S. Oil Workers Strike Enters Second Day as Crude Prices Slide...
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What The Rig Plunge Really Means For The Price Of Oil
Arguably the biggest catalyst for the surge in crude, in addition to the technical move which started off with a vicious short squeeze into the NYMEX close last Friday, was last week's record drop in...
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