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No Seller – Not Even China – Can Disrupt US By Selling Treasurys…But The “Why” Ain’t Good

No Seller – Not Even China – Can Disrupt US By Selling Treasurys…But The “Why” Ain’t Good thumbnail

I often read that China may retaliate against US trade sanctions by further decreasing their US Treasury holdings, sending Treasury yields significantly higher, thus blowing out US deficit spending on interest payments.  Trouble is, Chinese Treasury holdings peaked in 2014 (on an annualized basis) and have been declining since.  The Chinese have not only ceased accumulating US […]

Oil Is Losing Its Grip Over the Currencies of Top Energy Producers


Oil’s typically a key driver of the world economy, and an indicator of the industrial cycle. Higher prices can act as a drag on global growth while enriching nations who suck it out of the soil. When other drivers such as politics take hold of their currencies, crude can become a useful diversifier for a […]

At Iran’s Risk, Trump Is Winning Over Fastest Growing Oil Market


One of Iran’s biggest oil customers is buying more U.S. crude as President Donald Trump sticks to his pledge to squeeze the Persian Gulf nation’s energy trade. State-run refiner Indian Oil Corp., which had been buying U.S. crude in the spot market, signed a term tender to purchase American oil for delivery every month between […]

Boom over: The industry that was spending $10000 a minute has reached its peak


At the peak of the LNG construction boom, oil and gas company Santos was spending about $10,000 a minute over seven years to bring its $25 billion Queensland-based Gladstone LNG project online. But the days of new gas mega-projects being built is over as the industry shifts into a new gear of producing gas, says […]

The State of Fossil Fuel According to World Petroleum Council

The State of Fossil Fuel According to World Petroleum Council thumbnail

The World Petroleum Council: How to Finish the Race with Limited Gas There is this saying that if you fuel your journey with fear and doubt, you are surely going to run out of gas. But fret not, the road is just sometimes fraught with uncharted terrains and bumps. This month’s issue features an exclusive […]

Aramco’s Next Plan To Raise Billions Of Dollars


The Aramco IPO may now be history, put on indefinite hold several weeks ago, but Saudi Arabia’s funding needs have never been greater. As a result, 32-year-old Crown Prince Mohammed bin Salman, aka MbS, has come up with a “novel” scheme to raise tens of billions for the government. According to the WSJ, the de […]

Iran’s rial hits record-low 100,000 to the dollar


Iran’s currency hit a record low on Sunday of 100,000 rials to the dollar amid a deepening economic crisis and the imminent return of full US sanctions. The unofficial rate stood at 102,000 rials by midday, according to Bonbast, one of the most reliable sites for tracking the Iranian currency. The rate was confirmed by […]

Big Oil Is Raking in Cash

Big Oil Is Raking in Cash thumbnail

The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to generate enough cash to pay dividends and still have plenty left […]

Houston To Overtake Cushing As Key Hub


Houston is emerging as one of the great oil hubs in the world, and pretty soon it will be outfitted with an oil futures contract, which could cement its position. Intercontinental Exchange Inc. (ICE) announced plans to launch an oil futures with physical delivery in Houston, and the contract could launch as soon as this […]

Houston Is a Big Energy Hub, So Why Not Price Oil Futures There?


Houston is set to get its own oil futures, a sign of the city’s growing importance as the U.S. sends more crude abroad. Intercontinental Exchange Inc. ICE 0.66% is planning a new crude futures contract with physical delivery in Houston, the company said Tuesday. The contract will provide traders with direct access to Houston prices. […]

Oil and Gas Industry Survival Tips


Advice is abundant on social media. Need a restaurant recommendation for your next date night or the name of a good electrician to install your new ceiling fan? Post a query to your Facebook page and you might get multiple suggestions in a matter of minutes. Need pointers on which keywords to include in your […]

The Two Biggest Threats To The Natural-Gas Boom


The International Energy Agency is bullish on the prospects for natural gas. IEA sees gas as a versatile player with vast growth potential, in large part because it can solve local air pollution in Asian cities. But IEA Executive Director Fatih Birol warned last week that two threats could derail the growth of the natural gas industry. “We think gas […]

Energy: The Good, The Bad, and The Ugly


Even though energy is my specialty, I hadn’t intended to write about the topic again this week. However, recent events in the oil and gas sector are so significant, they compel me to once again focus on energy. The stakes are enormous not just for energy, but for investors of all stripes. The fortunes of […]

Here’s why oil’s surge is far from over, and $100 per barrel could be in the cards


With oil rallying 14 percent in the second quarter alone, investors might be tempted to take some profits. That would be a mistake, says one widely followed energy strategist. “What we’re looking for now in WTI is we’re looking to go to $77,” Helima Croft, global head of commodity strategy at RBC Capital Markets, told […]

How Energy Looks in 2043


Twenty-five years can bring a world of change. In celebration of The Motley Fool’s 25th birthday, the Industry Focus team is diving into what 25 years have meant and could mean for their industries. In this week’s Energy show, host Sarah Priestley and Motley Fool contributor Taylor Muckerman explain what future of energy is shaping […]

BP CFO: Preparing for war


Preparing for War is the title of the book perched on the desk of BP CFO Brian Gilvary that he says he is intending to read next. It’s an apt title given the war footing he has found himself in over the years and is in keeping with a combative nature that belies his old-school […]

Oil producers face their ‘life or death’ question


Fear of an imminent peak in demand means companies are less likely to invest. So does that make shortages and a price rise inevitable? David Sheppard and Anjli Raval in London Asked last month by a frustrated investor if, “hand on heart”, Royal Dutch Shell was more concerned about “the sustainability of the company or […]

WTI vs. WTI vs. WTI


The degree to which the perception of quality of West Texas Intermediate crude oil influences price was on display Wednesday in the form of the following crude value indication given to S&P Global Platts: WTI Midland at Cushing, Oklahoma, is worth 90 cents/b more than WTI at Cushing. If that sounds confusing, it is, and […]

A Hard Rain’s a-Gonna Fall


Après moi, le déluge ~ King Louis XV of France A hard rain’s a-gonna fall ~ Bob Dylan (the first) As the Federal Reserve kicked off its second round of quantitative easing in the aftermath of the Great Financial Crisis, hedge fund manager David Tepper predicted that nearly all assets would rise tremendously in response. “The Fed just announced […]

The Apparently Never-Ending Permian Blowout


Energy dominance carries its own backlash, it turns out. Ground zero is the Permian basin in west Texas, where oil production has run ahead of pipeline capacity to get it to market, forcing some U.S. barrels to price at wide discounts. Thankfully, new pipelines should fix the problem by early 2020. Apparently, though, the futures […]

How Big Oil Conquered the World


TRANSCRIPT AND SOURCES: From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world. And this is the story of those […]

Royal Dutch Shell Surpasses Exxon As Top Dog

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Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corp. The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales […]

ExxonMobil and Chevron accused over tax secrecy


A refusal by US oil companies including ExxonMobil and Chevron to disclose their US tax payments is undermining the international effort to fight corruption in natural resources industries worldwide, according to transparency campaign groups. The chairman of the Extractive Industries Transparency Initiative, whose participants include 51 governments and most major western companies, said it was […]

Petrobras CEO Unexpectedly Resigns Amid Crippling Nationwide Strike, Sending Stock, Real Tumbling

Petrobras CEO Unexpectedly Resigns Amid Crippling Nationwide Strike, Sending Stock, Real Tumbling thumbnail

One day after Brazil’s oil workers went on strike, further slowing Latin America’s biggest economy which was already crippled by a trucker strike that has paralyzed the nation for the past 2 weeks, the CEO of the state energy giant, Petrobras, Pedro Parente unexpectedly resigned on Friday stepping down as chief of the state-controlled oil […]

What Makes $1 Billion a Year and Oils the Global Economy While Rebuilding Its Reputation?


It’s a quiet scene, but there’s more to it than meets the eye. The Estia, a 751-foot-long oil tanker, is loading gasoline on a breezy afternoon at port in Vadinar, a town in northwest India. The Bahamas-flagged ship has journeyed from Singapore to this hulking dock on the Arabian Sea, where a relentless afternoon sun […]

Exxon Says the World Needs Even More Oil


Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand. Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven […]

Is $100 Oil Coming Next?


Benchmark global oil prices have increased roughly 19% year-to-date and 39% over the past year, hitting the highest levels since 2014.1 Brent crude oil, the global benchmark, has reached $80 a barrel (bbl) while West Texas Intermediate (WTI), the North American benchmark, has passed $70/bbl. A host of factors have caused the surge in oil prices. […]

Saudi Oil Minister Says Aramco IPO Is ‘Most Likely’ in 2019


The initial public offering of Saudi Aramco will “most likely” happen in 2019, the kingdom’s oil minister said on Friday, confirming a delay for what’s likely to be the world’s largest ever share sale. “The timing I think will depend on the readiness of the market, rather than the readiness of the company or the […]

Shell Declares Force Majeure On Bonny Light Shipments

Shell Declares Force Majeure On Bonny Light Shipments thumbnail

The Nigerian subsidiary of Shell has declared force majeure on Bonny Light exports because of the shutdown of the Nembe Creek pipeline, which has led to the accumulation of lots of unsold crude. The Nembe Creek transports 150,000 bpd of Bonny Light to the Forcados terminal that Shell operates. The reason for the shutdown of […]

Repsol to End Pursuit of Oil Growth


Repsol SA will no longer seek growth for its oil and gas business in preparation for the global transition to cleaner energy, according to a person familiar with the matter. The Spanish energy company is the first of its peers to make such a move. It illustrates how the industry’s strategic decisions are starting to […]

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@mediamonarchy James, please do work with the other James for a Propaganda Watch on the @ClubOfRome #Apocalypse2040 - I see them linking #ClimateChange and #peakoil #Armageddon #4thWorld #MarshallPlan2

test Twitter Media - @mediamonarchy James, please do work with the other James for a Propaganda Watch on the @ClubOfRome #Apocalypse2040 - I see them linking #ClimateChange and #peakoil #Armageddon #4thWorld #MarshallPlan2

Expect more of this. This is the #collapse the #peakoil people warned about.…

@vtchakarova With the fracking bubble coming to an end, I don't see how the USA would be able to sell natural gas to the EU. Putin can sleep quietly. #PeakOil #PeakGas…

Better get those solar panels while the fossil fuels needed to manufacture them are still abundant enough to make them cheaply. #solar #wind #peakoil…