US Imposes New Sanctions Against Iran, Claiming ‘Nuclear Escalation’
By Jason Ditz The US State Department has announced, as threatened earlier this month, a new round of sanctions against Iran, claiming it was the…
Oil
The Truth About What Is Happening To The Petrodollar
By Michael Snyder This month, rumors about the petrodollar have spread like wildfire all over the Internet. Some of what is being said is true,…
This Is Why The Price Of Gasoline Could Soon Double…
By Michael Snyder Can you imagine paying seven dollars for a gallon of gasoline? It could soon happen, because it appears that Israel is about…
Why the US Is Reimposing Sanctions on Venezuela
By Roger D. Harris Even the US business magazine Forbes expressed surprise at the reimposition of US sanctions on Venezuela’s gold sales and its threat…
9 Factors Driving Energy Markets In 2024
Authored by Rystad Energy via OilPrice.com, Political changes in over 70 countries will impact oil markets and renewable energy policies. Natural gas and hydrogen will…
One Step Away From the Biggest Oil Shock in History
By Nick Giambruno The Strait of Hormuz is a narrow strip of water that links the Persian Gulf to the rest of the world. It’s…
This War Will Push Rapidly Escalating Global Food Prices Into Overdrive
By Michael Snyder The only way that we can continue to have cheap food is if we have cheap energy. We use energy to grow…
Israel & Inflation Spark Big Week For Bonds, Bullion, & Black Gold
By Tyler Durden JPM’s boss summed shit up succinctly: “This may be the most dangerous time the world has seen in decades,” Jamie Dimon said…
Middle East Turmoil Could Mean More Market Volatility Ahead
By Stefan Gleason Crude oil futures shot up over the weekend while gold prices gained and global stock markets teetered ahead of U.S. markets opening…
Shell Quietly Ditches Failed Carbon Credit Scheme
By Tyler Durden Shell, Europe’s largest oil company, has quietly shelved the world’s largest corporate plan to develop carbon offsets, after CEO Wael Sawan laid…
Report: Saudi Crown Prince Threatened US With “Major Economic Consequences”
By Dave DeCamp Saudi Crown Prince Mohammed bin Salman warned the US would suffer economic consequences if President Biden retaliated for OPEC oil cuts that…
Oil Companies Team Up with Environmentalists to Fight State’s Policies on Dumping Fracking Wastewater
By B.N. Frank Fracking has been and continues to be associated with causing significant biological and environmental harm (see 1, 2, 3, 4). Despite this,…
Why the End of the Petrodollar Spells Trouble for the US Regime
By Ryan McMaken On January 17 the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies…
Russia Rejects EU’s $60 Oil Price Cap, Will Cut Off Countries That Endorse
By Dave DeCamp Russia on Saturday rejected the EU’s decision to impose a price cap on Russian oil for $60 per barrel and warned it…