oil

21st Century Wire says…
For the second straight year running, we are seeing a drop in oil prices and this translates to savings at the pump with many US states now enjoying prices below $2.00 per gallon. It’s also good for small to medium size businesses and translates into lower food prices (lower cost of transportation).
It also means that Fracking shale industry is no longer viable economically – which is good news if you are a fan of clean ground water.

The ominous element in this more than ominous situation revolving around the center of world petroleum and natural gas reserves, the Middle East, is the fact that in the recent weeks oil prices, which had temporarily stabilized at an already low $40 range in December, now have plunged another 25% to around $29, outlook grim. Citigroup has forecast $20 oil is possible. Goldman Sachs recently came out saying that it may take lows of $20 a barrel to restabilize world oil markets and get rid of the glut of supply.

Behind Saudi Arabia’s “special friendship” with the United States.
The post Why America Allows Saudi Arabia to Get Away with Blatant Human Rights Abuses appeared first on The Anti-Media.

It is not a matter of “if” but rather a matter of “when” the entire complex goes under and when that happens, the relatively paltry sums banks have set aside against losses in their energy books will balloon as everyone on Wall Street simultaneously pulls a BOK Financial.
The post A Glimpse Of Things To Come: Bankrupt Shale Producers “Can’t Give Their Assets Away” appeared first on BSNEWS.

[audio mp3="http://www.corbettreport.com/mp3/2016-01-19%20James%20Corbett.mp3"][/audio]via Our Interesting Times: James Corbett returns to the show to discuss his documentary How Big Oil Conquered the World.

Just a quick news item. Had one of those hectic days today.Considering the stock market activity since 2016 reared it's head..?? CNN Money

Russia has presented a surprising proposal for overcoming tensions with the EU, namely that the EU should renounce the TTIP free trade agreement with the United States and instead enter into a partnership with the newly created Eurasian Economic Union. A free trade zone with your neighbors would make more sense than a deal with the U.S. Vladimir Chizhov, Russian […]
The post Russia to EU: Dump the TTIP and embrace the Eurasian Union appeared first on BSNEWS.

Oil prices have been crashing for months, dragging the entire stock market down with them.
The post Oil Prices Slide so Far Some Crude Is Now Worth Literally Less than Nothing appeared first on The Anti-Media.

Sanction exchange, child slaves and world passports + this day in history w/MLK Day and our song of the day by Yeasayer on your Morning Monarchy for January 18, 2016.

This country is going right to hell. And if there’s a party to blame it’s the electorate, the citizens. The disentangled and disengaged. Untethered and unbelievable. The clueless, vapid, insipid and various. More interested in bogus viral videos of rats pulling pizza slices down subway steps or the interminable stories about Powerball dreamers and incongruous ideations. Listen. You’re welcome.