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 … Continue reading
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 … Continue reading
Saudis Have Lost the Oil War
New Eastern Outlook by F. William Engdahl Poor Saudi Arabia. They don’t realize it yet but they have lost their oil war. The war in its current phase began … Continue reading
The Feigned and Future Demise of Big-Oil
New Eastern Outlook by Tony Cartalucci Four of the top five Global Fortune 500 corporations are involved in petroleum refining. Together with big-finance and industrial giants like big-auto and utility monopolies, … Continue reading
Oil Market Snapshots — Will Oil Supply Glut Continue, What Will Happen With Oil Prices?
The Great Recession Blog by David Haggith Here are several quick looks at the oil supply glut and whether it is likely to worsen, hold the same, or improve … Continue reading
Anglo-American Oil Market Is Broken
New Eastern Outlook by F. William Engdahl For most of the post-1945 period the world economy has been under the control of the large Anglo-American oil majors, their banks … Continue reading
The OPEC Epoch is Over – Where Are Oil Prices Headed Now?
The Great Recession Blog by David Haggith The fate of oil companies and nations hangs in the balance of oil prices. Russia could go broke. Some think that’s by US … Continue reading
