Did OPEC Bite Off More Than It Can Chew?

In our previous article (Crisis of Capitalism? Two Missing “Black Swan” Events), we envisioned that the combined weak western and global economies coupled with the Coronavirus COVID-19 pandemic and, then crowned by the Saudi/Russian/UAE flooding of the oil market to crash prices and drive out the US Shale oil producers, could devastate the US and global economies. We Continue reading “Did OPEC Bite Off More Than It Can Chew?”

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The Lions’ Retirement Plan

Once upon a timethere was lush jungle with an attached rich Savannah grassland. All the animals lived contentedly and daily ate their fill, especially the lions who, at the top of the food chain, could eat anything they fancied. Continue reading “The Lions’ Retirement Plan”

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Are Oil Prices Rising or Falling?

Not only are the current views contradictory but each is supported by arguments and evidence, which increases the confusion and frustration of anxious listeners worried about their economic future. Continue reading “Are Oil Prices Rising or Falling?”

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Daily Basket of News Commentary – Sep 26, 2018

Daily Basket of News Commentary – Sep 26, 2018

Iran Oil Exports?
India might continue buying Iranian oil via a Rupee payment scheme. India consumes 4.7 Million bpd (approx. 5% of world oil production) and is expected to reach 10 million bpd in 2040. It is difficult to see India putting its economy in jeopardy and taking sides in an unrelated problem i.e. the US/Iran quarrel – especially since the Iranian oil is cheaper than the competition. Continue reading “Daily Basket of News Commentary – Sep 26, 2018”

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Daily Basket of News Commentary – Sep 25, 2018

Daily Basket of News Commentary – Sep 25, 2018

Will the armed attack in Ahwaz contribute to an oil price rise? So, think some analysts, especially if the matter escalates regionally, in which case the world economies will be suffer and so will the Middle East producers. Continue reading “Daily Basket of News Commentary – Sep 25, 2018”

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OPEC’s Current Dilemma

As the US second and tougher sanctions on Iran approach (Nov 4th), many countries have begun to reduce their purchases of Iranian oil and its exports have already dropped one million barrels a day (from a high of 2.7 Million bpd to 1.7 Mill bpd in August 2018). Continue reading “OPEC’s Current Dilemma”

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