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, big-oil dominates the global economy. The monopoly it enjoys grants it the unwarranted power and influence it has wielded throughout the 20th and 21st centuries.… Read More The Feigned and Future Demise of Big-Oil
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 during the summer of 2016. First, a picture of the cost of the oil supply glut This snapshot of a major oil company epitomizes what is… Read More Oil Market Snapshots — Will Oil Supply Glut Continue, What Will Happen With Oil Prices?
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 and their friends in OPEC, most especially Saudi Arabia. Today that control in the world oil market is irreparably broken. The world is entering a… Read More Anglo-American Oil Market Is Broken
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 design. Saudi Arabia could experience its Arab Spring if oil prices remain too low too long. And OPEC is dead. That’s the biggest news in this… Read More The OPEC Epoch is Over – Where Are Oil Prices Headed Now?
Alt-Market by Brandon Smith It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe. The 9/11 attacks were billed by the Bush Administration as a “wake-up call”… Read More One More Casualty Of The 9/11 Farce – The Petrodollar
Alt-Market by Brandon Smith Most people are not avid followers of economic news, and I don’t blame them. Financial analysis is for the most part boring and tedious and you would have to be some kind of crazy to commit a large slice of your life to it. However, those of us who are… Read More Oil Market Hype And Crisis Signal Greater Troubles Ahead
The Great Recession Blog by David Haggith Saudi Arabia has moved beyond its original statement that it will only support a production freeze if “other major producing nations” sign on to the agreement. It has now clarified what I believed to be intended by its initial caveat all along, stating that it will only sign on… Read More More Pressure Builds Against Oil Prices