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In What Universe is $100+ Crude Oil Cheap?
Everyone knows that Gasoline and Crude oil are currently expensive right? I recently updated several of our charts and when I got to the Crude Oil vs Gold chart I was in for a shock. According to that...
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More Cracks in U.S. Dollar Dominance
Back in 1933, Roosevelt forced Americans to sell their gold to the government for $20.67 an ounce and then promptly raised the price to $35/oz. Thus he presided over a 69.33% gain in the value of gold...
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Could a Hamas vs. Israel War Trigger a Worldwide Recession?
According to a recent article by Bloomberg entitled, Wider War in Middle East Could Tip the World Economy Into Recession, it is a distinct possibility. The article presents 3 possible scenarios, i.e.,...
View ArticleOil Is Now More Volatile Than Bitcoin
You know that the oil markets have truly gone to the dogs when they are suddenly riskier than one of the world's most volatile commodities: bitcoin. Bitcoin and most cryptocurrencies are synonymous...
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Saudi Arabia Eyes Total Dominance In Oil And Gas
Saudi Arabia's Energy Minister Prince Abdulaziz recently claimed that the Kingdom will be the world's biggest hydrocarbon producer "even" in 2050. But is this just a boast? Or can they live up to it?
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Oil Demand Impacts Foreign Exchange Rates
To say that the past year has been an extraordinary period for the global oil market would be an understatement. Entering into 2020, the commodity was still feeling the impact of the late 2019 drone...
View ArticleOil Majors That Bet Big On Renewables
Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Despite the...
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China Ramps Up U.S. Crude Oil Imports
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of...
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