oil production

This tag is associated with 64 posts

Are Central Banks Running The Oil Market Or Just The World?

By David Haggith, The Great Recession Blog The question begs for conspiracy theories to satisfy it, but one might more aptly say that central banks beg for conspiracy theories to explain them, since they operate in the shadows while being given charge of all the financial systems of all the world’s greatest economies. Central bankers have the unchaperoned power … Continue reading

Petrodollar Pain: Is The Saudi Royal Family Preparing For Exile?

Members of the Saudi royal family appear to be preparing to go into exile as they are selling as much oil as possible in order to move their petrodollars out of the country. The declining oil price doesn’t matter. Clear signals are coming from the U.S. that the days of the incumbent clans are numbered. In … Continue reading

One More Casualty Of The 9/11 Farce – The Petrodollar

By Brandon Smith It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe. The 9/11 attacks were billed by the Bush Administration as a “wake-up call” for the U.S., … Continue reading

Latin America’s Economy — Why This Is No Time For Complacency

By Eric Parrado A young Augustine, before becoming a Saint, lived a hedonistic lifestyle. But one day he received a message from God – asking him to convert from that type of life. So he prayed to God: “Lord, grant me chastity and continence …but not yet.” Many times governments behave like St. Augustine as they … Continue reading

Dohaha: Slippery Oil Laughs At Nearly Everyone — Myself Included

By David Haggith, The Great Recession Blog As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did not: Saudi Arabia said, “No deal without Iran.” Doha Disaster Predictable … Continue reading

Doha Meeting Reveals OPEC’s Inability To Control Global Oil Prices

By Ante Batovic The recent Doha meeting of major oil producers failed to agree oil output freeze deal and confirmed the existence of deep disagreements within Opec. The oil prices agony continues as major oil producers failed to reach an agreement on production freeze at the long-expected meeting in Doha on April 17. The expectations … Continue reading

The Implosion Of The House Of Saud

By Pepe Escobar The Panama Papers psyops revealed that – ailing – King Salman of Saudi Arabia is among a roast of notorious offshore profiteers “in relation” to “associates”. The House of Saud used British Virgin Islands shell companies to take out at least $34 million in mortgages for lavish houses in London and “a luxury yacht the size … Continue reading

Oil Producers Fail To Agree On Deal To Freeze Output After Saudi Arabia-Iran Standoff

The world’s major oil producing nations failed to strike an agreement on Sunday night to freeze production, saying they needed more time to agree a deal to try to buoy the price of oil. What producers had hoped would be the first deal in 15 years ran into difficulty after Saudi Arabia – the largest … Continue reading

Oil Supply Glut Leads To Massive Tanker Traffic Jam: “Would Stretch For 25 Miles”

By Mac Slavo While oil prices have jumped about 50% in recent weeks, there appears to be no real reason for the move other than pure speculation and billion-dollar market cash infusions from unknown plunge protection teams. But as the mainstream media continues to tout non-existent reduction agreements between oil producing nations, the following evidence … Continue reading

More Troubles May Lie Ahead For Nigeria As MSCI Weighs Removal From Index

More troubles may lie ahead for Nigeria, Africa’s largest economy, as global equity index provider MSCI is considering dropping the nation from its benchmark Frontier Markets Index, which could put $500 million of equity investment under threat. On Thursday MSCI announced that it’s considering removing the country from its Frontier Markets Index, blaming currency restrictions imposed by … Continue reading

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