Tag Archives: Saudi Arabia

  • Podcast

    Arthur Berman: Why The Price Of Oil Must Rise

    Why a supply shock is inevitable
    by Adam Taggart

    Sunday, January 10, 2016, 9:09 PM


    Geologist Arthur Berman explains why today's low oil prices are not here to stay, something investors and consumers alike should be very aware of. The crazy-low prices we're currently experiencing are due to an oversupply created by geopolitics and (historic) easy credit, not by sustainable economics.

    And when the worm turns, we are more likely than not to experience a sudden supply shortfall, jolting prices viciously higher. This will be a situation not soon resolved, as the lag time for new production to come on-line will be much longer than the world wants.

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  • Blog
    Peak Prosperity

    Shale Oil – Crash Course Chapter 21

    Expensive. Over-hyped. And short-lived.
    by Adam Taggart

    Friday, November 14, 2014, 11:38 PM


    If you've watch the previous video chapter on Peak Cheap Oil, you may be wondering how any of that could be still be true given all the positive recent stories about shale oil and shale gas , many of which have proclaimed that “Peak Oil is dead”.

    The only problem with this story is that it is misleading in some very important ways. And entirely false in others.

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  • Insider
    Dragon Images/Shutterstock

    Off the Cuff: Market Mayhem

    After the recent carnage, what's next?
    by Adam Taggart

    Friday, October 17, 2014, 1:12 AM


    In this week's Off the Cuff podcast, Chris and Alasdair MacLeod discuss:

    • The Market Meltdown
      • What the heck just happened?
    • The Next Round of Bailouts
      • If you hate the problem, wait till you see the solutions
    • Gold
      • Ready for a return to the limelight?
    • Ebola
      • Is the media selling us too much fear?
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  • Blog

    Iraq Breaks Down, Oil Surges

    The context underlying the growing crisis
    by Chris Martenson

    Monday, June 16, 2014, 4:58 PM


    The situation in Iraq is serious, and is probably going to get worse before it gets better. The potential for this recent action to morph into a regional conflict is very high. That that means that oil could go a lot higher, and if it does, we can expect the odds of a global economic recession and an attendant financial crisis to go up considerably from here.

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  • Insider

    Oil at Risk

    Get ready for $150 per barrel oil?
    by Chris Martenson

    Monday, June 16, 2014, 4:57 PM


    Executive Summary

    • Why this Iraq crisis comes at a very vulnerable time for world oil markets
    • The three mostly likely outcomes to the current crisis, and the resulting oil price of each
      1. ISIS remains contained from here
      2. ISIS takes Bagdad and points south
      3. A more widespread Middle East conflict erupts
    • The growing risk to the global economy & financial markets
    • What concerned individuals should do now

    If you have not yet read Iraq Breaks Down, Oil Surges, available free to all readers, please click here to read it first.

    The biggest risk to the world economy from the developing Iraq situation is that the price of oil could spike higher, killing the sputtering economic 'recovery' and triggering both a new global Recession and financial crisis.

    Now, here's the truly interesting part of where we are in this story.

    The IEA (International Energy Agency) has recently called for OPEC to deliver more oil by year end, which I wrote about here, and especially called upon Saudi Arabia to do so because world oil supplies are incredibly tight right now.  OPEC is the only entity in the world with any identifiable 'swing production', as all of the non-OPEC nations are alrady producing at maximum capacity. At least, the hope is that OPEC has additional production capacity.

    In the prior piece mentioned, I wrote that of the 12 OPEC members, 8 are in a sustained decline trend for a variety of geological or political reasons. Only 4 are not. Only 1 actually has shown a significant increase in oil production over the past few years — and that was Iraqwhich had added 1.5 mbd recently:

    Here's what's at risk if the ISIS rebels push further south:


    The IEA is already calling on OPEC to deliver 1.2 mbd more by year end 2014. If Iraq's production is lost, then we can just add that amount to the 'needed total' that the IEA has requested be brought on line by Saudi Arabia, an amount that I already sincerely doubt they can meet. If even a portion of Iraq's production is lost, then we can just kiss $110 barrel good-bye and say hello to $150 per barrel oil. War is messy and it's never easy to predict what might happen, but we'd be foolish to not consider what might happen here.

    The true game-changer for the world will come when…

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  • Daily Digest
    Image by Fotos GOVBA, Flickr Creative Commons

    Daily Digest 5/31 – Deny, Deny, Deny; Doctors Give 8 Minutes Per Patient

    by DailyDigest

    Friday, May 31, 2013, 3:19 PM

    • Are We There Yet?
    • Global warming caused by chlorofluorocarbons, not carbon dioxide, new study says
    • For New Doctors, 8 Minutes Per Patient
    • Chilean president politely reminds Canadian business to follow the law
    • Social breakdown now trumps markets as eurozone’s greatest threat
    • Deny, Deny, Deny
    • Will Saudi Arabia Allow the U.S. Oil Boom? Interview with Chris Faulkner
    • GMO Wheat Found In Oregon Field. How Did It Get There?

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  • Blog

    Past Peak Oil – Why Time Is Now Short

    by Chris Martenson

    Friday, May 27, 2011, 2:49 PM


    Note:  With so much going on with Europe’s debt crisis, the continuing disaster and economic contraction in Japan, and the potential for a very hard landing in the Chinese growth miracle (which is in the running as my favorite “black swan candidate” for 2011), I am going to return our attention to oil in this report.  The next report will assess the developing and unfolding debt crisis that will drag down most of the developed economies at some point, and this report will provide essential context for understanding why this result is inevitable and when it will occur.

    The Next Oil Shock

    The only thing that could prevent another oil shock from happening before the end of 2012 would be another major economic contraction.  The emerging oil data continues to tell a tale of ever-tightening supplies that will soon be exceeded by rising global demand.  This time, we will not be able to blame speculators for the steep prices we experience; instead, we will have nothing to blame but geology.

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  • Blog

    Daily Digest 2/26 – The Road To A Gold Standard, 2011 Tipping Points, Fed Playing Down Oil Price Risks

    by DailyDigest

    Saturday, February 26, 2011, 3:43 PM

    • QE II: The Road To A Gold Standard
    • Consumers Hold On to Products Longer
    • U.S. Growth Revised Lower in Fourth Quarter
    • 2011 Tipping Points
    • UK economy contracts faster than first estimated
    • Saudi ruler offers $36bn to stave off uprising amid warning oil price could double
    • Fed officials play down oil price risks
    • U.S. Can ‘Ride Out’ Libyan Oil Supply Disruption With Reserves, Obama Says
    • Solar Energy Faces Tests On Greenness

    Crash Course DVDThe Crash Course DVD: in-depth analysis on peak oil, debt, demographics, only $24.99 in our store (NTSC or PAL)

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  • Blog

    Daily Digest 2/24 – Income Inequality In The U.S., Oil Tremors From Middle East Unrest, The Natural Debt Crisis

    by DailyDigest

    Thursday, February 24, 2011, 3:07 PM

    • It’s The Inequality, Stupid
    • A Visual Reminder Of U.S. Social Stratification
    • Interview between GATA’s Chris Powell and James Turk
    • There Is No More Silver Left
    • Why Saudi Arabia can no longer temper oil prices
    • Prepare for a shock from the Middle East
    • All eyes on Bahrain as Gulf tremors frighten oil markets
    • The Natural Debt Crisis: Learning to Live Within Our Planet’s Means
    • 50 Million Environmental Refugees By 2020, Experts Predict

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Daily Digest 1/30 – Export Land Model Analysis, China Bank Pledges Vigilance, Egypt Unrest Sparks Canal Concerns

    by DailyDigest

    Sunday, January 30, 2011, 4:00 PM

    • A Tangled Mess – Why Oil Mixes With Gold
    • Davos: Two Worlds, Ready Or Not
    • An Export Land Model Analysis for the USA-Part2
    • Jim Rickards Podcast: Senior Managing Director for Market Intelligence at Omnis, Inc
    • China Central Bank Pledges Vigilance
    • Saudi Arabian Stocks Tumble Most in Eight Months as Egyptians Defy Curfew
    • Tankers Gain As Egypt Unrest Sparks Concerns About Suez Canal

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