Energy & Commodities

The Oil Cycle Due To Bottom at Lower Levels

Share on Facebook Tweet on Twitter

Posted by SmartMoneyTracker

on Tuesday, 21 March 2017 07:27

The yearly cycle low in oil is due this spring, probably in April or early May. Odds are high that oil will drop to below $42 a barrel.


Click on chart below for price action to Mar 21st 7am PST

Screen Shot 2017-03-21 at 7.04.35 AM



Energy & Commodities

Visualizing The World's Deepest Oil Well

Share on Facebook Tweet on Twitter

Posted by Visual Capitalist

on Monday, 20 March 2017 13:44

In a remote part of eastern Russia, the world's deepest oil well has been drilled to incredible depths.

Operated by Exxon Neftegas Ltd, it helps to unlock a shelf that is expected to yield 2.3 billion barrels of oil.

But even more fascinating is the old Soviet well that previously held the record for drill depth, in which drillers thought they reached "hell" itself in 1992.

Click on the image for full image and full story:




Energy & Commodities

Wall Street Bullish On Oil Prices Despite Saudi Warnings

Share on Facebook Tweet on Twitter

Posted by OilPrice.com

on Friday, 17 March 2017 07:58

7783ed8eb04ea4fe06e9fc150dee0211Oil prices have given up some of the gains achieved since the OPEC deal was agreed to in late November, and confidence in the buoyancy of crude prices is starting to falter. There are plenty of reasons why: U.S. shale is coming back; OPEC cuts led to higher prices in December, but have had little effect since then; crude and refined product inventories are still extraordinarily high; and speculative bets are looking overly optimistic at this point.

But the major investment banks tracking oil markets are surprisingly steadfast in their predictions that the market is proceeding steadily...

....continue reading HERE


Martin Armstrong on: Largest New Discovery of Oil in USA


Energy & Commodities

Largest New Discovery of Oil in USA - Fed Raises Rates Markets Rally

Share on Facebook Tweet on Twitter

Posted by Martin Armstrong - Armstrong Economics

on Thursday, 16 March 2017 10:07

Screen Shot 2017-03-16 at 10.35.19 AMMartin: Another major discovery of oil has been made in Alaska of 1.2 billion barrels. It is the largest find of conventional oil for 30 years on US territory.

The Fed Raises Interest Rates & Markets Rally!

"The Fed’s forecasts have moved in the direction of tightening, and despite what they say publicly, the most serious stimulus is rising stock prices"

....continue reading HERE



Energy & Commodities

New Oil Price War Looms As The OPEC Deal Falls Short

Share on Facebook Tweet on Twitter

Posted by OilPrice.com

on Tuesday, 14 March 2017 06:36

fff87196ef7e3e4575b54310caae969eLast November, OPEC orchestrated an impressive feat: corralling all (or nearly all) of its members to sign on to relatively aggressive production cut deal, and then actually convincing everyone to follow through on those reductions beginning in January. OPEC’s estimated 94 percent compliance rate defied the cartel’s own history of cheating and mistrust, and OPEC has taken around 1 million barrels of oil production per day off the market.

They were initially rewarded for this. Oil prices rallied more than 20 percent in the month after the deal was announced and investors and analysts have been mostly bullish on crude prices ever since. But the cuts were not all that they seemed to be for two reasons:

....continue reading HERE


Why Commodities Could Be on the Verge of a Massive Surge


<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >> Page 3 of 195

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...

Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Ozzie Jurock Mark Leibovit Greg Weldon Ryan Irvine