EMerging Equity
Fracking
Instead Of Killing Fracking, OPEC Engineers Its Own Demise
By Patrick L. Young A market flooding production strategy many saw as intending to kill the US-centric shale revolution, has, if anything, only made it stronger. In essence the OPEC cartel is signing its own death warrant. As always the communique suggests harmony and continuity but behind the scenes this was apparently a more fraught OPEC … Continue reading
Petro Market Manipulation: OPEC Vs. Fracking
By Karl Grossman Manipulation of the petroleum market is not new. John D. Rockefeller with his Standard Oil Trust mastered it between the end of the 19th and start of the 20th Century. Rockefeller and his trust succeeded in controlling virtually all the oil industry in the United States and also dominating the international market. The … Continue reading
11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis
By Michael Snyder Well, the Nasdaq finally did it. It has climbed all the way back to where it was at the peak of the dotcom bubble. Back in March 2000, the Nasdaq set an all-time record high of 5,048.62. On Thursday, after all these years, that all-time record was finally eclipsed. The Nasdaq closed … Continue reading
Venezuela Urges OPEC Oil Blending To Increase Competitiveness
Venezuela has proposed that it blend its heavy crude with light oil from other OPEC countries to create a consistent new grade that could compete against increasing U.S. and Canadian supplies. The idea was discussed at the Summit of the Americas in Panama earlier this month and at a meeting with OPEC ambassadors in Caracas last week, according to Eulogio del Pino, head of the Venezuelan state oil … Continue reading
Post-Election Violence: Is Wall Street Plotting To Destroy Nigeria? – OpEd
By Caleb Maupin The Nigerian elections, in which current president Goodluck Jonathan has lost to former military dictator Muhammadu Buhari, were highly contested. Violence broke out across Nigeria between supporters of the two candidates. Jonathan’s base of support is the Christian communities of the southern regions. Buhari’s base of support has been the Islamic regions. After … Continue reading
5 Charts That Show The Next Economic Crash Is Dead Ahead – OpEd
By Michael Snyder When an economic crisis is coming, there are usually certain indicators that appear in advance. For example, commodity prices usually start to plunge before a recession begins. And as you can see from the Bloomberg Commodity Index which you can find right here, this has already been happening. In addition, I have previously … Continue reading
China Faces Challenges To Meet Shale Gas Goals
By Michael Lelyveld As China struggles to meet its goals for shale gas development, there are signs that the government will face pressure to subsidize the costs, perhaps for years. The industry came close to meeting the government’s target for extracting natural gas from shale rock formations last year, producing 1.3 billion cubic meters (bcm) … Continue reading
Chevron Hammers Another Nail Into Polish Shale Gas Coffin
By Tim Gosling in Prague BNE Chevron announced on January 31 that it is to quit its hunt for Polish shale gas. The last but one energy major to traipse out of the country, the US giant looks to have put the final nail in the coffin of Warsaw’s dreams of leveraging its shale reserves to … Continue reading
Low Oil Prices Could Shake Up Africa’s Petro States
By Jill Shankleman One in five African states produce hydrocarbons, and most of these are heavily dependent on oil and gas revenues to finance their governments and generate foreign exchange. Further, an emerging group of East African states are waiting on international oil companies to develop new oil and gas reserves. But Africa’s record using … Continue reading
Plunging Oil Prices Force Oil Majors To Cut Billions In Spending
The world’s leading oil companies are reported to be planning a $28 billion cut in capital spending by 2017 to keep debt at a sustainable level at a time when oil prices continue to fall. Investment in exploration and development of oil and gas fields could drop by 20 percent by 2017 compared to last … Continue reading
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