Rex Tillerson and the Myths, Lies and Oil Wars to Come

New Eastern Outlook by F. William Engdahl   Rex Tillerson, former CEO of the ExxonMobil oil colossus is not designated Secretary of State because of his diplomatic experience. He is there because clearly the Trump Project of those Patriarchs behind Trump–ones such as Warren Buffett, David Rockefeller, Henry Kissinger and others–want a person from Big… Read More Rex Tillerson and the Myths, Lies and Oil Wars to Come

The Oil-Gas War Over Syria, in Maps

Strategic Culture by ERIC ZUESSE   Turkey’s Anadolu News Agency, though government-run, is providing remarkably clear and reliable diagrammatic descriptions of the current status of the U.S – and – fundamentalist – Sunni, versus Russia – and – Shia – and – NON – fundamentalist – Sunni, sides, in the current oil-and-gas war in the Middle East, for… Read More The Oil-Gas War Over Syria, in Maps

How Economies Of Scale Produced The Big Oil Companies We Know Today

Rig Source by Savannah Adkins   The term “economies of scale” might as well have been invented for the oil and gas industries. Think about how much it would cost to start a new company with the vision of prospecting and drilling for oil, refining it, and selling it as gasoline. It would cost you… Read More How Economies Of Scale Produced The Big Oil Companies We Know Today

The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy

The Economic Collapse Blog by Michael Snyder   This wasn’t supposed to happen.  The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry.  Instead, the price of oil is crashing again, and… Read More The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy

Slippery Oil Prices Plunge Over Cliff into Bear Market

The Great Recession Blog by David Haggith   Oil today plunged quickly below $40 per barrel, taking oil prices down more than 20% from their high a little over a month ago. That officially defines a bear market in oil. As of today, oil has also moved below its 50-day, 100-day and 200-day moving averages. July has again turned out… Read More Slippery Oil Prices Plunge Over Cliff into Bear Market

Something Dark Emerges from the Tar Pits and Oil Sands, Destroying Crude Oil Price Rally

The Great Recession Blog by David Haggith   The crude oil price rally has been completely destroyed, though I’ll admit I was wrong when I predicted crude oil prices would plummet in March or April as the perfect storm developed against oil prices. Instead, they rallied. In spite of that, I continued to believe my… Read More Something Dark Emerges from the Tar Pits and Oil Sands, Destroying Crude Oil Price Rally