Category Archives: Oil

Oil prices retreat after 5% gain last week

Oil prices retreat after 5% gain last week – MarketWatch http://www.marketwatch.com/story/oil-prices-struggle-to-hold-onto-gains-2017-09-18?siteid=rss&rss=1 Re-posted from Market Watch. Geoff Geoff Comments: If it weren’t for the hurricanes, the US  is oversupplied in oil…

Posted in Oil | Tagged | Leave a comment

Venezuela Is About To Ditch The Dollar In Major Blow To US: Here’s Why It Matters

Venezuela Is About To Ditch The Dollar In Major Blow To US: Here’s Why It Matters | Zero Hedge http://www.zerohedge.com/news/2017-09-08/venezuela-about-ditch-dollar-major-blow-us-heres-why-it-matters Re-posted from Zero Hedge. Geoff Geoff Comments: This is one of the bigger nails in the coffin of the World’s … Continue reading

Posted in Oil, US Dollar, Venezuela, World Reserve Curreny | Tagged | Leave a comment

Hit oil exports to North Korea after nuclear test as sanctions won’t work immediately: Experts

Hit oil exports to North Korea after nuclear test as sanctions won’t work immediately: Experts https://www.cnbc.com/2017/09/04/hit-oil-exports-to-north-korea-after-nuclear-test-as-sanctions-wont-work-immediately-experts.html Re-posted from CNBC. Geoff Geoff Comments: True, sanctions take too long to produce results…

Posted in North Korea, Oil | Tagged | Leave a comment

De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold | Zero Hedge http://www.zerohedge.com/news/2017-09-02/de-dollarization-accelerates-china-readies-yuan-priced-crude-oil-benchmark-backed-go Re-posted from Zero Hedge. Geoff  Geoff Comments: China continues with its objective of supplanting the US Dollar as the World’s Reserve Currency, this is just … Continue reading

Posted in China, De-Dollarization, Oil | Tagged | Leave a comment

How Did Things Get This Bad This Fast for Oil Giant, Pemex?

How Did Things Get This Bad This Fast for Oil Giant, Pemex? | Wolf Street https://wolfstreet.com/2017/08/27/how-did-it-get-this-bad-for-mexico-oil-giant-pemex-corruption/ Re-posted from Wolf Street. Geoff Geoff Comments: One word: Corruption

Posted in Mexico, Oil | Tagged | Leave a comment

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

Posted in Oil | Tagged | Leave a comment

“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…

Posted in Employment, Millennials, Oil | Tagged | Leave a comment

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

Posted in Oil, US Dollar, World Reserve Curreny | Tagged | Leave a comment

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

Posted in Oil | Tagged | Leave a comment

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…

Posted in Oil | Tagged | Leave a comment