Oil War within OPEC crushing prices – #PeakOil

By Keith Kohl | Tuesday, January 12, 2016
Strange things are afoot in the House of Saud lately.
Perhaps the most mind-boggling of them all was the recent news that the country is considering a public offering of Saudi Aramco.
If you’re scratching your head as to why this is such a … http://www.thecherrycreeknews.com/oil-war-within-opec-crushing-prices/ #Energy, #Oil, #OilPrices, #PeakOil

Oil Market Outlook 2016 – Consumption

An oil recovery is inevitable.
Now, it certainly isn’t easy to hold onto that outlook for some people, especially in the aftermath of OPEC’s (and by “OPEC’s,” I mean Saudi Arabia’s) decision to maintain output levels. The group also failed to agree on a p… http://www.thecherrycreeknews.com/oil-market-outlook-2016/ #BrentCrude, #Energy, #EnergyPrices, #Oil, #OilPrices, #PeakOil

#OPEC says oil prices to rise in 2016 #peakoil

“There is an improvement in the market,” Abdullah al-Badri told reporters on the sidelines of an oil conference in London on last week.
“This situation may not stay long, more than two years,” he said in response to a question on how long the market would take to rebalance.
Echoing El-Badri… http://www.thecherrycreeknews.com/opec-says-oil-prices-to-rise-in-2016-peakoil/ #Peakoiil, #OPEC, #PeakOil, #QuantitativeEasing

#Fracking – The British Ban

After watching the economic success of hydraulic fracturing in shale fields throughout the United States, many energy executives wanted to translate that success to other parts of the world.
But none more so than Lord Browne, the former chief executive for BP, who, in 2007, left the post and… http://goo.gl/FuylYb #Britain, #Energy, #Fracking, #PeakOil, #UK

OPEC Revenue Cut in Half

 

Oil Stimulus Money
According to AAA, retail gasoline prices this week averaged $2.477.
That’s the first time gasoline has been under $2.50 since 2009. By January, it could be as low as $2.25 for a gallon of regular.
This comes at a time of the year when middle-class Americans and… http://goo.gl/NkTwtz #Energy, #Oil, #PeakOil, #Russia