Energy & Commodities

Flammable Ice

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Posted by Martin Armstrong - Armstrong Economics

on Tuesday, 23 May 2017 07:35


The big story in Asia has been that China made a major breakthrough being able to extract gas from what people call “Flammable Ice” located under the South China Sea. This has been at the core of China’s insistence on controlling the area.This is an important future global energy supply and not merely a territorial power grab.

Flammable Ice is actually methane hydrates that hold vast reserves of natural gas. The biggest challenge has been the mining and extracting because they are located under the seabed. We are looking at anther major advancement in the expansion of energy reserves for the world.



Energy & Commodities

Weekly Oil Markets Recap - Calm Before The Storm, Short-Sellers Are Getting Complacent

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Posted by Seeking Alpha

on Monday, 22 May 2017 07:32


WTI finished the week up 5.92%.

Short-sellers are getting complacent again with the recent CFTC position disclosure.

The squeeze this time is going to hurt more than ever as oil makes 52-week highs over the next month.

Welcome to the weekly oil markets recap edition of Oil Markets Daily!

WTI finished the week up 5.92%.

5006891 14953133166010 rId4

WTI managed to notch two weeks straight of price gains and closed above ....continue reading HERE


Energy & Commodities

Crude Awakening: The Global Black Market for Oil

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Posted by Visual Capitalist

on Monday, 15 May 2017 14:43

Screen Shot 2017-05-15 at 2.18.23 PM

The value of the crude oil production alone is worth a staggering $1.7 trillion each year. Add downstream fuels and other services to that, and oil is a money-making machine.

Both companies and governments take advantage of this resource wealth. More of the world’s largest companies work in the oil patch than any other industry. At the same, entire government regimes are kept intact thanks to oil revenues.

The only problem when an industry becomes this lucrative?

Eventually, everybody wants a piece of the pie – and they’ll do anything to get their share.



Energy & Commodities

The Top Producing Diamond Mines In 2016

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Posted by Mining.com

on Thursday, 11 May 2017 09:14

While diamond industry experts warn that demand is expected to outstrip supply as early as 2019, the largest mines keep producing the coveted rocks at full steam.

Here are last year’s top 10 diamond mines in terms of output and value, based on data compiled by expert Paul Zimnisky.


(Image courtesy of De Beers Group.)

1. Jwaneng, Botswana

Produced 11,975,000 carats, worth $2,347 million
Jwaneng, the richest diamond mine in the world, is located in south-central Botswana in the Naledi river valley of the Kalahari. It’s 2 kilometres across at its widest point and patrolled by colossal 300-tonne trucks that labour up the terraced slopes.
Nicknamed "the Prince of Mines", Jwaneng was opened in 1982, as the diamond trade helped Botswana go from being one of the world’s poorest countries to one of Africa's wealthiest.

Sunrise at Yubileyny open-pit. (Image by Ruslan Akhmetsaphin | ALROSA.)

2. Jubilee, Russia



Energy & Commodities

Why Are The Oil Markets Crashing?

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Posted by OIlPrice.com

on Friday, 05 May 2017 07:46

8a5e77ab513ab1bc6af6080efc57d3faWTI and Brent continued to tumble on Thursday, dropping to their lowest levels since the announcement of the OPEC deal back in November. Brent actually dipped below $49 per barrel, raising fears of another downturn. Both WTI and Brent were off by nearly 4 percent during midday trading on Thursday.

Oil traders have been patient, hoping that despite the rapid rebound in U.S. shale production, the OPEC cuts would take a substantial volume of oil off the market and correct the supply/demand imbalance. But it has been a painful and protracted process.

U.S. crude oil inventories hit a record high of 535 million barrels as recently as the end of March. Several consecutive weeks of drawdowns in April again raised hopes that the market is heading towards balance, but the most recent data release from the EIA on May 3 disappointed yet again, and it was apparently the last straw for some. Market analysts predicted a drop in oil inventories by about 2.3 million barrels, but the EIA said stocks only fell by 930,000 barrels. WTI sank to $46 per barrel and Brent fell into the $40s for the first time in 2017.

....read more HERE


Oil Prices Crash To Pre-OPEC Deal Levels


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