Having proclaimed it is not Zimbabwe, Nigeria’s currency is starting to look a lot like a hyper-inflating mess. After devaluing to a 168 peg in November, the Naira has crashed to 200 / USD today – smashing above the upper peg band of 176 as it appears Nigeria is losing control. The collapse of Oil […]
OIL
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Russia Cuts Off Ukraine Gas Supply To 6 European Countries
Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail,that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,” Gazprom cut gas exports to Europe by 60%, plunging […]
A Strong message sent to NATO: Russian gas transit to Europe via Ukraine will be stopped. This was announced by the head of “Gazprom” Alexei Miller Could this mean war?
Š¤Š¾ŃŠ¾: depositphotos.com Russian gas transit to Europe via Ukraine will be stopped. This was announced by the head of “Gazprom” Alexei Miller after a meeting with the Deputy Chairman of the Commission on Energosoiuz MaroÅ” Å efÄoviÄ. The head of the Russian company announced its new strategy, which must be taken because of the new energy […]
Breaking News! – Russia Just Pulled Itself Out Of The Petrodollar
Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote “How The Petrodollar Quietly Died, And Nobody Noticed“, because for the first time in almost two decades, energy-exporting countries would pull their “petrodollars” out of world markets in 2015. This […]
Saudi Prince Warns “We Will Not See $100 Oil Again”, Calls Anti-Russia Conspiracy “Baloney”
Speaking to his favorite money-honey, billionaire Saudi Prince Alwaleed bin Talal told Maria Bartiromo that the negative impact of a 50% decline in oil has been wide and deep. As USA Today reports, the prince of the Saudi royal family said that while he disagrees with the government on most aspects, he agreed with […]
Saudi War On Shale Goes Nuclear – “No Chance OPEC Will Cut Output” Even With Brent Under $50
For those hoping that the recent brief dip in Brent crude below $50 – most notably Venezuela’s intrepid socialist leader Nicolas Maduro whose numbered days get shorter with every day Brent closes red, and countless bondholders of junk- debt capitalized shale companies – would mean that Saudi Arabia’s vendetta against OPEC would finally be put […]
Canada Heavy Oil Drops Below $35 As Rig Count Hits Record Low For January
Think Texas and Pennsylvania have a problem with plunging oil prices, don’t look North. West Canada Select (Heavy) crude oil prices have collapsed to below $35 per barrel (the lowest since Feb 2009). This is a 60% plunge in the last 6 months and has left the industry stunned. While US rig counts have […]
Denmark: We Own the North Pole
Via the BBC: Denmark has presented a claim to the UN, arguing that the area surrounding the North Pole is connected to the continental shelf of Greenland, a Danish autonomous territory. Foreign Minister Martin Lidegaard said it was a “historic and important milestone” for Denmark. Canada and Russia have already asserted their own sovereignty over […]
Daesh smuggling oil via Turkey, Iraq says
Daesh is now believed to have looted about $500 million from Mosul, Tikrit and other cities IANS Published: 18:05 December 13, 2014 Baghdad: Iraqi finance minister Hoshyar Zebari has said that the Daesh is smuggling Iraqi and Syrian oil via Turkey, and called it the richest terrorist group in the world. āDaesh controls a number […]
Turkey out of NATO NOW!
On Monday, Russian President Vladimir Putin clinched a ground breaking deal with Turkish President Recep Tayyip ErdoÄan that will strengthen economic ties between the two nations and make Turkey the major hub for Russian gas in the region. The move creates a de facto Russo-Turkey alliance that could shift the regional balance of power […]