EMerging Equity
Fracking
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
Iraq Hopeful Oil Has Hit ‘Bottom’
Oil prices should not fall below the current average of $47 a barrel, Iraq’s oil minster Adel Abdul Mahdi has stated. “Our estimate is that the prices (of oil) have reached the bottom. It is very difficult to drop lower than this,” oil minister Abdul Mahdi said at an industry conference in Kuwait Wednesday. Oil … Continue reading
Alaska’s Budget Sinks As Oil Continues Dramatic Fall
The state of Alaska is one of the hardest hit in the US by the slump in oil prices, as 87 percent of its budget is sourced from the development of mineral resources. The state’s budget deficit is expected to reach $3.5 billion in 2015. The cost of a barrel of oil in Alaska has … Continue reading
Collapse Of US Shale Oil Production Can Save Russian Economy – OpEd
Originally published on 18 December 2014 . The nearly forgotten word from the 1990s, “sequestration,” apparently returns to Russian lexicon. Reportedly, the Russian government has decided to cut government spending in the budget for the coming 2015. It was even said that public spending would be cut by a tenth, although reductions would not affect … Continue reading
$200 Billion In Debt Looms Over U.S. Oil And Gas
Plummeting Brent oil prices are putting pressure on North American shale, which has sunk hundreds of billions of dollars into investment, and could soon come crashing down. Tempted by big returns, shale companies have borrowed more than $200 billion in bonds and loans, from Wall Street and London, to cover development and projects that may … Continue reading
U.S.-Saudi Oil Play Is Economic Warfare
Lawrence Wilkerson: The target of low oil prices is Russia and Iran, throwing their economies into turmoil and opening their doors to sovereign raiders. . Video: Interview with Lawrence Wilkerson, former chief of staff to United States Secretary of State Colin Powell. Courtesy of The Real News Network (TRNN). PAUL JAY, SENIOR EDITOR, TRNN: Welcome back to The … Continue reading
How The CIA Launched The “Financial Pearl Harbor” Attacks On Russia And Venezuela – OpEd
By Wayne Madsen The Central Intelligence Agency director John Brennan’s long familiarity with Saudi Arabia, owing to the time he spent there as the CIA station chief in Riyadh in the 1990s and his knowledge of Saudi oil operations, has paid off. Petroleum industry insiders claim that Brennan’s agents inside Saudi Aramco convinced the firm’s … Continue reading
South Stream 2.0: The Energy Wars Continue (Part I)
By Pyotr Iskenderov In the next few years, Russia’s decision to put a stop to the South Stream project will become a deciding factor in how the energy situation develops not just in Europe, but in the whole of the Eurasian continent. Essentially, we are dealing with an energy war unleashed by the United States … Continue reading
Oil Prices And Energy Wars: The Empire Of Frack Versus Russia
By Mahdi Darius Nazemroaya Energy prices started to move downward in late-2014, when Saudi oil began to flood energy markets. Variations of two main schools about this emerged. One school explained things purely on the basis of business interests whereas the other school viewed the drop in oil prices geopolitically. Some analysts viewed the Saudi … Continue reading
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