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Soros Signals Argentina’s Shale is Biggest Place to Be

Business

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize – and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. George Soros has doubled his […]


Trader Who Scored $100 Million Payday Bets Shale Is Dud

Trader Who Scored $100 Million Payday Bets Shale Is Dud thumbnail

Andrew John Hall — known as the God of Crude Oil Trading to some of his peers — has built his success on a simple creed: Everyone who disagrees with him is wrong. For most of the past 30 years, that has been a killer strategy. Like a poker player on an endless hot streak, […]


Musings on the Second Great Recovery Experiment and the Promise of Natural Gas

Business

Like the economy as a whole, the Muhlenkamp Fund is still struggling to extricate itself from the morass of the Great Recession. Ron Muhlenkamp, founder of Muhlenkamp & Co. Inc., sees a forerunner to this downturn in the 1980–82 recession. In this interview, he tells The Energy Report how good policy ended the earlier slowdown […]


Saudi Aramco will spend $3 billion on shale gas development

Business

Four companies have expressed interest in bidding for work on unconventional gas in Saudi Arabia as the world’s top oil exporter pushes ahead with plans to develop challenging shale deposits, industry sources said. The companies are South Korea’s GS Engineering and Construction, Italy’s Maire Tecnimont, Japan’s JGC and Canada’s SNC-Lavalin, the sources told Reuters. State-run […]


A Big Summer Story You Missed: Soaring Oil Debt

A Big Summer Story You Missed: Soaring Oil Debt thumbnail

Some of the summer’s biggest news stories took place in the bombed schools of Gaza, the abandoned hospitals of the Democratic Republic of Congo, the wheat fields of eastern Ukraine and the bloody mountains of northern Iraq. But one of the most important made virtually no headlines at all, and seemed to only appear on […]


Is Henry Hub Obsolete As The National Price Benchmark?

Is Henry Hub Obsolete As The National Price Benchmark? thumbnail

Summary The changing structure of the market for natural gas makes price realizations by producers in the Marcellus/Utica region disconnect from traditional benchmarks. The Henry Hub pricing no longer adequately describes producer economics or producer behavior in the increasingly important Northeast region. While Henry Hub will preserve its prominence as the key national benchmark, a […]


Platts mulls change in oil benchmarks to tap growth in Asia

Business

* Platts proposing FOB Straits benchmarks to replace FOB Singapore * New benchmarks aimed at storage growth in Malaysia, Indonesia * Move could boost liquidity and lower storage costs -traders Oil pricing agency Platts is consulting with traders on proposed changes to its key oil product benchmarks in Asia to include ports in Malaysia and […]


Oil ‘super spike’ is coming

Business

Another bad day for traders bullish on energy as WTI crude oil slid 2%, hitting its lowest level since January. Across the pond Brent crude traded at its lowest level in almost 14th months. From the heady days of mid-2008 when it traded at nearly $150 a barrel, crude oil has had quite a rocky […]


Opening the Multi-Trillion Dollar Market for Energy Management

Business

Energy management is one of the most important parts of our changing energy landscape. It is a market made up of part energy efficiency, part Big Data solution and part Internet of Things. Energy management will be a multi-trillion dollar industry that will reverberate across industrialized economies.  The competitive advantage in virtually every economic sector will […]


The Shale Sugar Lick

The Shale Sugar Lick thumbnail

A well known American comedian, Ron White, quips about the amount of sugar Americans eat by suggesting that certain restaurants install a sugar lick. Patrons can “belly up” and take their fill at the trough. Such an analogy might be apropos of some shale operators with regard to their addiction to debt. A useful metric […]


Billions in oil investments at risk from low crude prices

Business

More than half a trillion dollars of investments in major oil projects over the next decade are at risk from high costs and low crude oil prices, an environmental think tank said on Friday, warning that shareholders’ returns could suffer. To meet anticipated future demand, oil majors including BP , Chevron, and Eni, are spending […]


The Oil Market QE Premium Is Coming out of Price

The Oil Market QE Premium Is Coming out of Price thumbnail

The Fed Giveth & Taketh with Policy The Fed may pat themselves on the back for creating the ‘wealth effect’ in stocks, and hope like heck that some of this wealth trickled down and through the rest of the economy, but it is quite evident what the Fed giveth on one hand they taketh away […]


Exxon Drilling Russian Arctic Shows Sanction Lack Bite

Business

Sanctions, what sanctions? Exxon Mobil Corp. will start drilling a $700 million well in the Arctic Ocean tomorrow, Russia’s government said, showing that for all the talk of action against Vladimir Putin’s oil industry, the largest U.S. energy company is undeterred. As Russia’s relations with Europe and the U.S. deteriorated to the lowest point since […]


How The Destruction Of The Dollar Threatens The Global Economy

Business

The following book excerpt is adapted from Chapter One of Money: How The Destruction of the Dollar Threatens The Global Economy – and What We Can Do About It, by Steve Forbes and Elizabeth Ames The failure to understand money is shared by all nations and transcends politics and parties. The destructive monetary expansion undertaken […]


Oil giants evacuate Iraqi Kurdistan

Oil giants evacuate Iraqi Kurdistan thumbnail

Shares of energy companies operating in Iraqi Kurdistan plunged on Thursday and two U.S. companies evacuated some staff as Islamic State militants advanced within 45 kilometers (28 miles) of Arbil, a key hub for oil producers. Companies that produce oil in the semi-autonomous region, including Oslo-listed DNO ASA, as well as London-listed Gulf Keystone Petroleum […]


Venezuela Selling US Oil Company Citgo

Venezuela Selling US Oil Company Citgo thumbnail

Venezuela’s government has confirmed that it is considering the sale of its oil refining and distribution network in the U.S. amid a worsening economic crisis. Analysts said the proposed sale reflects the socialist government’s urgent cash shortage. Last week, the state-owned oil company Petroleos de Venezuela SA signaled its interest in a finding a buyer […]


CFTC Sets $13 Million Pact in Crude-Oil Case

Business

U.S. commodity regulators settled an oil-market-manipulation case stemming from the 2008 price run-up against three companies and two traders for $13 million, a fraction of what authorities alleged they made in profits from the strategy. The Commodity Futures Trading Commission said in an announcement, issued Tuesday night, that Parnon Energy Inc., Arcadia Petroleum Ltd., Arcadia […]


Shale gas: ‘The dotcom bubble of our times’

Shale gas: ‘The dotcom bubble of our times’ thumbnail

Comment: output from shale wells declines so quickly that they will never be profitable – when investors realise this, the industry will collapse, writes Tim Morgan Public opinion has been divided very starkly indeed by the government’s invitation to energy companies to apply for licences to develop shale gas across a broad swathe of the […]


Internationalists Are Pushing The World Towards Globally Engineered Economic Warfare

Internationalists Are Pushing The World Towards Globally Engineered Economic Warfare thumbnail

Over a year ago I published an essay entitled ‘The Linchpin Lie: How Global Collapse Will Be Sold To The Masses’. This essay addressed efforts by the ever malicious Rand Corporation to create a false narrative surrounding the possibility of global collapse. Linchpin Theory, as it was named by it’s originator and Rand Corp. employee, […]


Why We Keep Circling Back to Natural Gas

Why We Keep Circling Back to Natural Gas thumbnail

It doesn’t matter what’s going on in the global markets. Like a lion stalking its prey, our commodities coverage keeps circling back to the natural gas sector. For several reasons… Consumer demand is set to grow annually, as more homes adopt cheaper sources of energy. The electricity generation sector is also poised to grow, as […]


Warren Buffett Really Likes Oil Trains — Despite the Explosions

Warren Buffett Really Likes Oil Trains — Despite the Explosions thumbnail

The people in the Musi-Café had no idea what hit them. At about 1am on July 6, 2013, a train parked on a slope a couple miles awayslipped its brakes. Seventy-two tank cars loaded with crude oil accelerated into the town of Lac-Mégantic, Quebec and began to tumble off the tracks, detonating and burning with […]


Yukos shareholders say would talk to Russia over $50 bln

Business

Shareholders of former Russian oil producer Yukos would be willing to discuss with Russia a court’s decision to award them $50 billion in compensation, a spokesman for holding company GML said on Tuesday. “We have always been ready to negotiate with the other side. GML made many attempts to do so ahead of initiating this […]


Oil Prospectors Shift Back to Wealthy Lands

Oil Prospectors Shift Back to Wealthy Lands thumbnail

Firms Find Developed World’s Stability, New Incentives Yield More-Predictable Returns WELLINGTON, New Zealand—In this land of towering peaks and gurgling streams, Simon Bridges wants to be lord of the rigs. As New Zealand’s resource minister, Mr. Bridges is the man behind New Zealand’s big-oil aspirations. He travels the world to pitch New Zealand to petroleum […]


Russia ordered to pay $50B over oil company

Business

An international court on Monday ordered Russia to pay over $50 billion in compensation to the former majority shareholder of now-defunct oil producer Yukos over the expropriation of the company more than 10 years ago. In one of the largest arbitration cases ever, a subsidiary for GML Ltd., once the biggest shareholder in Yukos Oil […]


Oil Market Weighs Fear and Reality

Oil Market Weighs Fear and Reality thumbnail

Earlier this week the wise oil-market watchers at PVM, a brokerage and consultancy, summed up the state of the market. “Not a day goes by without a political, economic, international or data event that adds further color and often confusion to an already very complex scene,” said analyst David Hufton. “Who needs the distraction of fiction […]


Coal Company Pain Accelerates as Bankruptcy Cases Rise

Coal Company Pain Accelerates as Bankruptcy Cases Rise thumbnail

The coal business, after fueling the Industrial Revolution and powering U.S. growth for much of the past century, is now beset by a glut of cheap natural gas and tighter regulation. James River Coal Co. (JRCCQ) in many ways epitomizes these ills. After filing for bankruptcy almost four months ago with plans to sell its […]


As Russia’s Isolation Grows, Oil Companies Caught in Middle

Business

The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that could spell trouble for several major oil companies operating in Russia. Just one day earlier, U.S. President Barack Obama slapped sanctions on Russia over its ongoing role in the destabilization of Ukraine. The […]


Asian, Western Firms Bid for UAE Oilfields

Business

Asian and western firms have bid to help operate the UAE’s biggest oilfields after a deal with oil majors expired this year but the Gulf Arab state is yet to decide whether to let Asian oil buyers in for the long haul, sources said. A final decision on the winning firms is unlikely before early […]


Peak Prosperity and Peak Cheap Oil: Chris Martenson Interview

Business

Published on Jul 13, 2014 GUEST: http://PeakProsperity.com VISIT US: http://FutureMoneyTrends.com


Old-school traders of physical oil teach hedge funds a lesson

Business

A near 10 percent drop in international oil prices since last month has taught a painful lesson to many hedge funds and other speculators in energy futures: you can ignore physical markets for only so long. Hedge funds piled into what seemed a one-way bet in early June, grabbing up oil contracts as the rapid […]


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PO Real Time

The US reached “Peak Boats” between 1999 and 2005. #peakoil pic.twitter.com/lpI9mPUZmX
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Fuel efficiency per horsepower of new US cars peaked in 2004. #peakoil pic.twitter.com/bmsppM7AYH
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New cars get heavier every year and are approaching the 1976 peak in weight. #peakoil pic.twitter.com/iTclVO3Tz6
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The efficiency of the entire US car fleet peaked in 2007, due to '90s SUVs, but car efficiency is rising. #peakoil pic.twitter.com/gRwUQ9CFko
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