Sunday, March 01, 2015 03:53 PM
Light Snow -7°C
Are the Russians coming to Texas riding the tailwinds of fracking? That depends on who you ask, as some believe Russian forces were behind the anti-fracking vote in Denton, while a $15 million investment in new Texas fracking technology by Roman Abramovich perhaps tells another story.
this Bloomberg article
, loudly trumpets the prospect of oil at $10/Barrel, and on the other there is T. Boone Pickens,
If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A. Gary Shilling who, in
The oil markets are showing some life, having rallied 11 percent over a two-day period. But if a bigger rebound is not around the corner, it won’t just be oil companies that will be feeling the pain: their lenders will also face some steep losses if drillers can’t come up with the cash
In last week's article I posted a chart from the International Energy Agency'srecent Oil Market Report that shows global demand for refined products catching up to supply by the 3rd quarter of this year. My opinion is that all of the analysts who are now blaming the sharp drop in oil prices on a
The very concept of negative interest rates seems counterintuitive. After all, why would you pay someone to hold your money for you? It intrinsically seems wrong (even though we're already doing it by paying banks monthly fees for various services).