Dec 222014
 
 December 22, 2014  Posted by at 12:05 pm Finance Tagged with: , , , , , , , ,  4 Responses »
Debt Rattle December 22 2014

• Age of Plenty Seen Over for Gulf Arabs as Oil Tumbles (Bloomberg) • Ready for $20 Oil? (A. Gary Shilling) • Houston Suddenly Has A Very Big Problem (Feroli via ZH) • Saudis Insist Oil Supply Cuts Are Not Needed (Independent) • Oil Crash Wipes $11.7 Billion From Buyout Firms’ Holdings (Bloomberg) • North Sea Oil Summit Announced By Aberdeen City Council (BBC) • Southwest’s Oil Swap Trade Waiver Raises CFTC Questions (Reuters) • US Gas Prices Fall To

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Dec 212014
 
 December 21, 2014  Posted by at 10:56 pm Finance Tagged with: , , , , , ,  15 Responses »
About That Interview

Michael Moore once famously – though by no means famously enough yet, because he was so dead-on – said that ‘you can’t declare war on a noun’. If only Americans had paid better attention. That would have shone a whole different light on, if not outright prevented, insane, expensive and terribly deadly concepts such as the ‘war on drugs’ and the ‘war on terrorism’. Now it looks as if John McCain is fishing for a fresh noun to declare war

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Dec 212014
 
 December 21, 2014  Posted by at 1:13 pm Finance Tagged with: , , , , , , ,  2 Responses »
Debt Rattle December 21 2014

• Saudi Arabia and UAE Blame Non-OPEC Producers For Oil Price Slide (FT) • Calculating The Breakeven Price For The Median Bakken Shale Well (Zero Hedge) • How Oil Price Fall Will Affect Crude Exporters – And The Rest Of Us (Observer) • UAE Urges All World’s Oil Producers Not To Raise Output In 2015 (Reuters) • Goldman Sees Little Systemic Risk For Banks From Oil Price Drop (MarketWatch) • Russian Crisis Kills Big German Gas Deal (CNNMoney) • ECB’s

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Dec 202014
 
 December 20, 2014  Posted by at 7:22 pm Finance Tagged with: , , , , , ,  10 Responses »
Drilling Our Way Into Oblivion

Oh, that sweet black gold won’t leave us alone, will it? West Texas Intermediate went through some speedbumps Friday, but ended over +5%, though still only at $57. Think them buyers know something we don’t? I don’t either. I see people covering lousy bets. And PPT (and that’s not the one we used to spray our crops with). The damage done must be epic by now, throughout the financial system, but we’re not hearing much about that yet, are we?

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Dec 202014
 
 December 20, 2014  Posted by at 12:59 pm Finance Tagged with: , , , , , , , , ,  No Responses »
Debt Rattle December 20 2014

• Two Nations: 27% Of British Children Grow Up In Poverty (Independent) • Manufacturers Face ‘Bloodbath’ In Russia (BBC) • China Offers Enhanced Cooperation as Russia Struggles (Bloomberg) • Dollar Resumes Climb as Yellen Signals 2015 Interest-Rate Rise (Bloomberg) • UK Unions Call For North Sea Tax Breaks As Oil Slump Threatens Jobs (Guardian) • It’s Not Easy Being Green: Fossil Fuel Subsidies Half A Trillion Dollars (CNBC) • Bulgaria Ready To Issue South Stream Pipeline Permits (RT) • The

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Dec 192014
 
 December 19, 2014  Posted by at 11:21 am Finance Tagged with: , , , , , , , ,  4 Responses »
Debt Rattle December 19 2014

• Oil Crash Exposes New Risks for U.S. Shale Drillers (Bloomberg) • North Sea Oil Industry ‘Close To Collapse’ (BBC) • North Sea Oilfields ‘Near Collapse’ After Price Nosedive (Telegraph) • Exxon Mobil Shows Why U.S. Oil Output Rises as Prices Plunge (Bloomberg) • Central Banks Are Now Uncorking The Delirium Phase (David Stockman) • Dow’s 421-Point Leap Is Biggest Gain In 3 Years (MarketWatch) • Already Crummy US Economy Takes a Sudden Hit (WolfStreet) • The Fed Delivers the

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Dec 182014
 
 December 18, 2014  Posted by at 10:07 pm Finance Tagged with: , , , , , ,  7 Responses »
The Biggest Economic Story Going Into 2015 Is Not Oil

Isn’t it fun to just watch the market numbers roll by from time to time as you go about your day, see Europe markets up 3%+, Dubai 13%, US over 2% (biggest two-day rally since 2011!), and you just know oil must get hit again? Well, it did. WTI down another 3%+. I tells ya, no Plunge Protection is going save this sucker. And oil is not even the biggest story today. It’s plenty big enough by itself to bring

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Dec 182014
 
 December 18, 2014  Posted by at 11:43 am Finance Tagged with: , , , , , , , ,  3 Responses »
Debt Rattle December 18 2014

• Fed Calls Time On $5.7 Trillion Of Emerging Market Dollar Debt (AEP) • Bankers See $1 Trillion of Investments Stranded in the Oil Fields (Bloomberg) • Oil Could Fall To $30 A Barrel: Emirates Boss (CNBC) • Oil-Led Slump Spurring Fastest Investor Exit Since 2008 (Bloomberg) • The Fracturing Energy Bubble Is the New Housing Crash (David Stockman) • Yellen Makes It Clear That Fed’s Patience on Rates Has Limits (Bloomberg) • Putin Says Russia Mustn’t Waste Reserves on

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Dec 172014
 
 December 17, 2014  Posted by at 12:30 pm Finance Tagged with: , , , , , , ,  11 Responses »
Debt Rattle December 17 2014

• Oil Plunge Sets Stage for Energy Defaults (Bloomberg) • Crude Collapse Prompts Great Rotation Into Cash (CNBC) • U.S. Talking Oil Exports Just When World Needs It Least • The Impact of Oil On US Growth (John Mauldin) • Airlines Poised for $12 Billion Global Windfall on Oil Collapse (Bloomberg) • Eight Things I Wish for Wall Street (Michael Lewis) • Regional Banks Key To Wall Street Win On Derivatives (Reuters) • Outspooking Lehman: Could A Russian Default Be

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Dec 172014
 
 December 17, 2014  Posted by at 10:19 am Finance Tagged with: , , , , ,  11 Responses »
Oil Price Scenarios for 2015 and 2016

This is another article from our friend in Aberdeen, Euan Mearns. It was first posted on Euan’s own site, Energy Matters. I earlier posted Euan’s The 2014 Oil Price Crash Explained on November 24, when the price of oil was still quite a bit higher than today. WTI ended that day at $75.74, it’s now $55.15. Here’s Euan: A couple of weeks ago I had a post titled The 2014 Oil Price Crash Explained that was cross posted to over

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