Macroeconomics of the OPEC Cartel
All the recent talk of an OPEC deal to push up the price of oil is nonsense. Here is a hypothetical supply and demand chart of oil.
In this hypothetical
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Price of oil
Oil and Gas Company Default Rates Surge Higher
Watch out for investing in high yield corporate debt. U.S. default rates are surging higher and breaking away from the rest of the world.
The U.S. has more oil and gas
Saudi Arabia Attackers Claim 35 Percent Of Oil Market
Saudi Arabia targeted the US oil market by increasing production and flooding US markets with cheap oil. The mainstream financial media was in denial that the Saudis would target the
The Big Oil Short
The EIA Weekly Crude Stocks report showed crude oil inventories fell -0.9 million barrels in the June 17 week to 530.6 million, the fifth weekly decline in a row.
Falling
Whiting Petroleum Hearing Takeover Rumors Circulating
June 16, 2016: Hearing takeover rumors circulating about Whiting Petroleum Corp. The rumor is that Exxon could be a potential acquirer with price chatter in the upper teens.
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