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The Oil War Just Getting Started
Let the battle begin. OPEC is trying to cut production and drive prices up while U.S. Shale Oil producers are seeing the increase in oil prices as an opportunity to get back in the game. More oil rigs...
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Is a Second OPEC Cut In The Cards?
In November 2016 with great fanfare OPEC announced a cut in production in an effort to drive up prices in light of the massive global supply glut partially the result of U.S. shale oil flooding the...
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Big Oil Betting On Electric Vehicles?
I've been enamored with electric vehicles since long before they were commercially available. Way back in 1975, Mechanix Illustrated featured the "Urba Town car" and offered plans to build your own...
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Where Will Oil Prices Be in 2020?
The oil industry is notoriously cyclical. Perhaps because it takes so long to bring new supply on-line. As prices rise and the industry blossoms the oil machinery kicks into gear. Independants locate...
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Has Permian Shale Productivity Peaked Already?
The Permian Basin is the largest petroleum-producing basin in the United States and has produced a cumulative 28.9 billion barrels of oil and 75 trillion cu ft. of gas. Currently, nearly 2 million...
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Is A Big Move In Oil Prices Due?
On November 30th 2016, Bloomberg trumpeted the following headline, OPEC Confounds Skeptics, Agrees to First Oil Cuts in 8 Years. On the day before, (i.e. November 29th) oil prices had plunged 2.5% and...
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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks
The following article by Cyril Widdershoven of Oilprice.com takes a look at the recent technical glitch that could cut Saudi production by as much as 900,000 barrels per day. Many Middle East oil...
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Could the Next Oil Price Spike Cripple The Industry?
In the following article Andreas de Vries and Dr. Salman Ghouri of Oilprice.com discuss the possibility of oil price spikes crippling the oil industry. At first blush that seems highly unlikely. After...
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The “Amazon Effect” Is Coming To Oil Markets
While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. The post The “Amazon...
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The 5 Countries That Could Push Oil Prices Up
An unexpected disruption in Oil supply could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopolitical tension has been largely irrelevant since the...
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Is Peak Permian Only 3 Years Away?
The Permian Basin is the largest petroleum-producing basin in the United States and has produced a cumulative 28.9 billion barrels of oil and 75 trillion cubic feet of natural gas. Currently, nearly 2...
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Big Picture Update on Commodities & Precious Metals
In the following article, Gary Tanashian editor of Notes from the Rabbit Hole (NFTRH), has compiled a series of year end charts to help us get a handle on several sectors that relate to inflation....
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Oil Prices Ravaged By Financial Turmoil
The steady decline of the U.S. dollar has helped drive up crude prices for weeks, but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday....
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Clean Oil That Only Costs $20 per Barrel?
Oil production has risen by 5 million barrels per day (bpd) since 2010, an increase of nearly 100 percent. New technology, particularly techniques in shale oil drilling, has opened up vast new...
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Why The Next Oil Boom Will Be Fueled By Blockchain
The world's most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the...
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Oil Market Fears: War, Default And Nuclear Weapons
Although the U.S. oil situation is on the upswing there are a variety of factors affecting a number of other countries like Iran, Iraq, Saudi Arabia, Venezuela, and Russia, that could lead to...
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Is Guyana Prepared For An Oil Boom?
It's pretty much common knowledge that Socialism has destroyed the economy of Venezuela despite its abundance of oil. But we don't hear much about its neighbor Guyana. One might guess that if Venezuela...
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The Bullish And Bearish Case For Oil
In this article we look at both sides of the argument for the price of oil for the remainder of 2018 and going into 2019. The post The Bullish And Bearish Case For Oil appeared first on Financial Trend...
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IEA: High Oil Prices “Taking A Toll” On Demand
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some...
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Can Saudi Arabia Prevent The Next Oil Shock?
Current volatility in the global oil market is, according to most analysts, due to fears that markets are facing a severe threat. A doomsday scenario is being painted in the media which suggests that...
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