Oil markets were dominated by Morgan Stanley, Goldman Sachs, JP Morgan, and other investment banks with their own proprietary trading operations and an army of participants on both sides of the trade. But now they’ve abandoned the oil market.
Natural gas ‘exporters’ took in billions, stocks soared fabulously. Alas, there isn’t enough US natural gas to export. How could this happen? Consensual hallucination.
As the world’s biggest net importer of crude, China is in a vulnerable position: utterly dependent on oil imports, at a time when its economy is beginning to wobble.
Natural gas consumption in the US could soar by 19% to 31% over the next five years due to a wave of planned industrial projects. But what would that do to the price?
by Oilprice.com • • Comments Off on ‘Steal Less, Invest More’ Advised At Ukrainian Energy Forum
Steal less, invest more, run a fair game, and sell off the pipeline system that Moscow is using to keep Ukraine in line — energy experts at a forum in Kiev.
by Oilprice.com • • Comments Off on In Search Of Russia’s Lost Fracking Boom
Gazprom’s mega-deal with China sent shockwaves around the world. But Gazprom might not be able to honor the deal if shale reserves are not tapped soon. And that might not happen because capitalism à la russe is a harsh mistress.
