OPEC


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12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

By Michael Snyder Economic Collapse Blog August 12, 2015   12 Signs That An Imminent Global Financial Crash Has Become Even More Likely     Did you see what just happened?  The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era.  This caused other global […]


Oil & BIG BANG – the Government Funding Crisis on a Global Scale

By Martin Armstrong Armstrong Economics August 4, 2015   Oil & BIG BANG – the Government Funding Crisis on a Global Scale     Saudi Arabia pumped a record 10.564 million barrels per day in June, showing that as prices decline, a record level of production is unfolding. Governments in the Middle East have budgets […]

OilRig

The U.S. continues to produce more oil than it ever has, even as more and more rigs have been idled as a response to falling prices. (Pete Evans/CBC)

WTI oil price drops 6% as inventories jump more than expected

By Pete Evans CBC News April 8, 2015   WTI oil price drops 6% as inventories jump more than expected Inventories rise to highest level since 2001, and U.S. companies keep pumping out even more oil     The price of a barrel of the North American oil benchmark sank six per cent on Wednesday after […]


oil drilling

Bloomberg: How OPEC Weaponized the Price of Oil Against U.S. Drillers

By Nick Sorrentino Against Crony Capitalism   Bloomberg: How OPEC Weaponized the Price of Oil Against U.S. Drillers     Cheap gas feels good. It made for a more pleasant Christmas. But it should be remembered that many of the very best, highest paying jobs created since the onset of the great economic slowdown (in 2013 […]


Oil wars

Falling Oil Prices Could Cripple ‘Vulnerable’ Russia, Trigger World War III

By Mac Slavo SHTFplan.com   Falling Oil Prices Could Cripple ‘Vulnerable’ Russia, Trigger World War III   The Cold War 2.0 is going hot, and while it may someday be fought with planes, tanks, guns and bombs, the first front is being fought with oil and shale gas. The U.S. and European sanctions against Russia […]


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Petrocoin? Kuwaiti firm suggests trading oil in Bitcoins

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino Petrocoin? Kuwaiti firm suggests trading oil in Bitcoins     The dollar, and more importantly the petrodollar is in some serious medium to long term trouble. Right now the dollar is the reserve currency of the world and the only currency with which one can buy or sell oil in in […]


The Biggest Oil Discovery In 50 Years?

Source: http://theeconomiccollapseblog.com By Michael Snyder The Biggest Oil Discovery In 50 Years?   In a virtually uninhabitable section of South Australia, a discovery has been made which could rock the world.  Some are calling it the biggest discovery of oil in 50 years.  Earlier this year, a company called Linc Energy announced that tests had […]

Image credit: http://theeconomiccollapseblog.com

Venezuela to devalue its currency 1

Source: http://www.cbc.ca By CBC News Venezuela’s government announced Friday that it is devaluing the country’s currency, a long-anticipated change expected to push up prices in the heavily import-reliant economy. Officials said the fixed exchange rate is changing from 4.30 bolivars to the dollar to 6.30 bolivars to the dollar. The devaluation had been widely expected […]


World War III: the unthinkable cost of preserving the petrodollar 2

Source: http://www.pakalertpress.com Crisishq As noted by many of our readers, one of the key topics omitted from our article on the inevitability of economic collapse was the petrodollar system. Due to its significance, we felt that this subject deserves its own article. If you have never heard of the petrodollar, don’t be surprised. There’s a […]


Major Romney Bundler Is Agent Of Foreign Government

Source: http://thinkprogress.org Ignacio E. Sanchez is a lobbyistat DLA Piper, an influential global law firm and a major bundler for the Mitt Romney campaign. A ThinkProgress review of public records reveals Sanchez is also a registered foreign agent representing the interests of the United Arab Emirates and of a former president of the Dominican Republic. […]