Category Archives: Oil

WTI Tumbles Towards $45 Handle After Tanker-Tracker Signals OPEC Supply At 2017 Highs

WTI Tumbles Towards $45 Handle After Tanker-Tracker Signals OPEC Supply At 2017 Highs | Zero Hedge http://www.zerohedge.com/news/2017-07-21/wti-tumbles-towards-45-handle-after-tanker-tracker-signals-opec-supply-2017-highs Re-posted from Zero Hedge. Geoff Geoff Comments: Oil prices cannot be sustained in the face of increasing production and declining demand… The oil … Continue reading

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“Dirty, Difficult, And Dangerous”: Why “Millennials Won’t Work In Oil

“Dirty, Difficult, And Dangerous”: Why “Millennials Won’t Work In Oil | Zero Hedge http://www.zerohedge.com/news/2017-07-20/dirty-difficult-and-dangerous-why-millennials-wont-work-oil Re-posted from Zero Hedge. Geoff Geoff Comments: Another insight into the Millennial psyche, and their aversion to moving away from their parents and working…

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The End Of The (Petro)Dollar: What The Fed Doesn’t Want You To Know

The End Of The (Petro)Dollar: What The Fed Doesn’t Want You To Know | Zero Hedge http://www.zerohedge.com/news/2017-06-27/end-petrodollar-what-fed-doesnt-want-you-know Re-posted from Zero Hedge. Geoff Geoff Comments: Since 1971 all the world conducted the oil trade in US Dollars, however the “petro-dollar” has … Continue reading

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Gartman: ‘Oil Heading Egregiously Lower’; Saudi Oil Reserves Will Be ‘Worthless’

Gartman: ‘Oil Heading Egregiously Lower’; Saudi Oil Reserves Will Be ‘Worthless’ | Zero Hedge http://www.zerohedge.com/news/2017-06-23/gartman-oil-heading-egregiously-lower-saudi-oil-reserves-will-be-worthless Re-posted from Zero Hedge. Geoff Geoff Comments: As I previously commented, US shale producers are trapped, their high leverage demands production to create cash flow … Continue reading

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Brent crude falls below $45 per barrel, hits 10-month low

Brent crude falls below $45 per barrel, hits 10-month low http://www.cnbc.com/2017/06/22/brent-crude-markets-stocks-us-dow-trump.html Re-posted from CNBC. Geoff Geoff Comments: And it will go lower still, shale oil producers cannot stop the flow, they need the cash flow to pay recurring debt payments…

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Expect Another Decline in Import and Export Prices: What, Me Worry?

Expect Another Decline in Import and Export Prices: What, Me Worry? | MishTalk https://mishtalk.com/2017/06/20/expect-another-decline-in-import-and-export-prices-what-me-worry/ Re-posted from MishTalk. Geoff Geoff Comments: As previously concluded, oil producers (in the US) need cash flow to pay obligations and so will continue to produce … Continue reading

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Crude oil could drop to $30 again as oversupply may persist: Fesharaki

Crude oil could drop to $30 again as oversupply may persist: Fesharaki http://www.cnbc.com/2017/06/13/crude-oil-could-drop-to-30-again-as-oversupply-may-persist-fesharaki.html Re-posted from CNBC. Geoff Geoff Comments: As oil producers are financially squeezed, they continue to feed the glut with more oil because they need the cash to … Continue reading

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Oil drops as U.S. supplies unexpectedly rise for the first time in 9 weeks

Oil drops as U.S. supplies unexpectedly rise for the first time in 9 weeks  http://www.marketwatch.com/story/oil-prices-pull-back-ahead-of-us-inventory-data-2017-06-07?siteid=rss&rss=1 Re-posted from Market Watch. Geoff Geoff Comments: Even with many eyes on the oil discovery, production, distribution, and refining; the US flow still seems beyond … Continue reading

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America First with Alaskan Oil

America First with Alaskan Oil http://www.americanthinker.com/articles/2017/06/america_first_with_alaskan_oil.html Re-posted from American Thinker. Geoff Geoff Comments: The world would be blindsided by American petroleum independence, and promote China to the top position in oil imports, the world will be forced to adapt to … Continue reading

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Oil prices stay weak as investors return to worries over rising production

Oil prices stay weak as investors return to worries over rising production – MarketWatch http://www.marketwatch.com/story/oil-prices-stay-weak-as-investors-return-to-worries-over-rising-production-2017-06-02?siteid=rss&rss=1 Re-posted from Market Watch. Geoff Geoff Comments: Oil seems destined to be in a constant flux between over supply and under supply, because after the … Continue reading

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