(Carmine Sabia) The solution to lowering the price of oil and gas can be found at home in the United States, but President Joe Biden has been looking to other places and has had the door slammed in his face.
oil prices
U.S. Crude Soars Above $130 a Barrel
(John Carney) The price of oil surged on Sunday evening, putting pressure on gasoline prices and inflation.
With Oil Prices Up More than 60% in a Year Biden Decides to Sell US Oil Reserves Overseas to Asia
(Joe Hoft) Biden is taking another action that goes against America. This one is costing Americans lots.
The Oil Price Collapse Is Yet Another Sign That Economic Activity Is Crashing Dramatically All Over The World
(Michael Snyder) The insanity that we are currently witnessing in the financial markets is difficult to believe. Personally, even though I operate a website called “The Economic Collapse Blog” and I write about these things every day, when someone told me that the price of oil had fallen below minus 30 dollars a barrel on Monday I initially didn’t think that it could possibly be true. Yes, I always knew that it was theoretically possible that the price of oil could go into negative territory, but we had never seen such a thing actually happen before. And I knew that a crunch was coming as futures contracts expired, but I certainly did not expect the extreme carnage that we witnessed on Monday …
One-Two Punch: Coronavirus, Price War Sends Oil Prices to 18-Year Low
(Franz Walker) The economic slowdown brought about by the global coronavirus pandemic, compounded with the price war between Saudi Arabia and Russia, has sent oil prices into an 18-year low Monday. This was crude-oil future’s biggest percentage drop on record for any month or quarter, according to Dow Jones Market Data analysis, since 1983.
Corruption EXPOSED: Shell Oil Corporation Burning Gas For Months Because They Can’t Sell It
(John Vibes) The Shell oil corporation is burning off large volumes of ethane because they can’t sell it to their regular customer, which is a plant on the same property owned by ExxonMobil. The location is officially known as “Mossmorran,” and is used by numerous oil and gas companies. Residents near the property where the ethane is burning are complaining of pollution, light, and noise coming from the site.
China Moves on New World Order: Will Buy Oil with Gold-backed Currency—bypassing Us Petrodollar
(Jay Syrmopoulos) Beijing, China – In an effort to hedge against U.S. hegemony, and what could be a global game-changer, the world’s top oil importer, China, is preparing to denominate crude oil futures contracts in Chinese yuan to be convertible into gold. The move would allow oil exporting countries to bypass benchmarks denominated in U.S. petrodollars […]
Iran Just Officially Ditched the Dollar in Major Blow to US: Here’s Why It Matters
(Alice Salles) Following President Donald Trump’s ban on travelers from seven predominantly Muslim countries, the Iranian government announced it would stop using the U.S. dollar “as its currency of choice in its financial and foreign exchange reports,” the local Financial Tribune reported. Related Trump’s Travel Ban Plainly Excludes Countries Tied to 93% of All US Terrorism Source […]
MEDIA BLACKOUT — WATCH: Protesters in Mexico Kick Feds Out of Town, Storm Buildings As Govt Raises Gas Price
(John Vibes) Hundreds have been arrested, and at least 3 people have been killed after several days of intense protests and riots in Mexico, that started as the result of a 20% gas price increase. It was reported that some of the deaths resulted from protesters being shot by police with live ammunition. Source – The Free Thought […]
The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy
Source – The Economic Collapse Blog by Michael Snyder This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, the price of oil is crashing again, […]
US Gas Prices are Artificially High – Market Manipulation | The Chart That Will Make Every American Driver Angry
Image Source. Source – Zero Hedge by Tyler Durden When crude oil prices started to collapse, the great American unwashed were told – day after day – that low oil prices were “unequivocally good” for them. That myth was destroyed as rent, healthcare, and debt-reduction trumped consumer gains. However, as angry Americans are seeing every day now, […]
Energy Industry Collapsing | At least 67 U.S. Oil and Natural Gas Companies Bankrupt, 1/3 of Industry At Risk in 2016
Oil prices have plummeted over the course of 2015 and on into 2016. The low-cost of gas at the pump means the average joe feels pretty good about their relationship to the economy, but behind the scenes, huge sell-offs are taking place. One question I have is: who is buying up the now dirt cheap energy companies? […]
Crude Oil, Blood of the Earth? | Oil or “Fossil Fuel” Maybe Produced by the Earth’s Mantle
The following report details the work of several researchers who have put forth the notion that naturally occurring crude oil deposits are not a result of biological decay over long periods of time. Instead, oil could be produced within the Earth’s mantle in an abiotic process. This information supports the work of some who claim […]
Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets
Oil prices at record lows is good news for those buying gas at the pump, but bad news for the global economy. This is because the US oil industry is an economic backbone to the already severely production depressed United States, whose currency, the USD, is the world’s reserve currency. Furthermore, the price of oil affects the price […]
The Oil Crash Of 2016 Has The Big Banks Running Scared
The US dollar is backed by oil, this is why it is called the petrodollar. And with oil prices falling at a record pace, with seemingly no indication of rising over the long term, this may be part of a well-coordinated effort to collapse the global financial system. Americans are feeling a sense of relief, […]