EMerging Equity
Oil Price
It Is About To Get Ugly: Oil Is Crashing And So Is Greece – OpEd
By Michael Snyder The price of oil collapsed by more than 8 percent on Wednesday, and a decision by the European Central Bank has Greece at the precipice of a complete and total financial meltdown. What a difference 24 hours can make. On Tuesday, things really seemed like they were actually starting to get better. … Continue reading
Why The Damage To The Economy Caused By The Oil Crash Is Going To Get Progressively Worse – OpEd
By Michael Snyder We are really starting to see the price of oil weigh very heavily on the economy and on the stock market. On Tuesday, the Dow was down 291 points, and the primary reason for the decline was disappointing corporate sales numbers. For example, heavy equipment manufacturer Caterpillar is blaming the “dramatic decline … Continue reading
Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds – OpEd
By Michael Snyder If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. As I write this, the price of U.S. oil is sitting at $45.76 a barrel. It has fallen by more than 60 dollars a barrel since June. There … Continue reading
Iran Calls On Venezuela To Help Defuse Oil Prices Falling Plot
Iranian President Hassan Rouhani has urged Venezuela and other aligned OPEC states to cooperate in an effort to defuse an oil price decreasing plot. MOSCOW, January 10 (Sputnik) – President of Iran Hassan Rouhani has called on Venezuela and other aligned OPEC countries to join forces in defusing the plot of a number of countries to decrease oil prices, Iranian news agency … Continue reading
U.S. Renewables, Shale – Other Victims Of Slumping Oil
Conventional oil producers are not the only ones affected by falling oil prices. The energy crisis has also hit shale production and green energy in the US, Marin Katusa, chief energy investment strategist from Casey Research told RT. “In America most of the green energy, whether you talk about solar or wind, the technologies aren’t … Continue reading
Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives
By Michael Snyder Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars … Continue reading
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