by Oilprice.com • • Comments Off on The Fracking Shakeout
By Nick Cunningham: The US shale oil and gas industry is in trouble. Drillers have to borrow more and more just to stay on the fracking treadmill, even as production and revenues disappoint. And some of them could be heading toward bankruptcy.
by Wolf Richter • • Comments Off on Why The Promise Of American LNG Exports Is Gassy Hype
This chart shows how the vision of US liquefied natural gas exports to free Europe from Russia’s clutches or make big bucks off energy-starved Japan is nothing but a juicy lure in the big money game.
by Wolf Richter • • Comments Off on Housing Bubble 2 Already Collapsing for the 99%
This is precisely what shouldn’t have happened but was destined to happen: as prices are soaring, only luxury home sales are growing … 1% of the market! Something has to give.
by Oilprice.com • • Comments Off on Exxon, BP Defy Obama; Extend Partnership with Russia
ExxonMobil, BP, Total, and other oil majors are doubling down in Russia despite moves by the West to isolate Russia; they just signed mega-contracts with state-owned Russian oil companies – sanctions be damned.
by Wolf Richter • • Comments Off on Winner Accuses French Government of “Massive” Election Fraud
Election results for the European Parliament mortified the French political class, as this universally despised layer is called in France. But now the winner has the gall to accuse the government of “having rigged the vote by the most odious means” to prevent its victory.
by Don Quijones • • Comments Off on For Love Nor Money: The Bank That Nobody Wants To Buy
By Don Quijones: The Spanish government is desperately trying to offload one of the bailed out, nationalized, and supposedly fully restored banks. The problem: no one wants it.
by Wolf Richter • • Comments Off on World Trade Suddenly Slumps (Just Forget ‘Escape Velocity’)
While the US economy, and by extension the world economy, is desperately waiting for escape velocity to finally kick in, world trade has descended into a very unpropitious slump.
by Wolf Richter • • Comments Off on Cloud Wars: Now Even the CIA Slams IBM’s Technology
Our spoiled American tech heroes yearn to get those big-fat contracts with the Intelligence Community. But it seems IBM is far better at financial engineering than actual engineering.
by Oilprice.com • • Comments Off on China’s Oil Giant At Center Of Corruption Probe
Grins were on the faces of CNPC executives as they celebrated a blockbuster 30-year deal for Russian gas. For some, however, those grins might turn to grimaces; CNPC has been caught up in a series of highest profile corruption investigations.
by Wolf Richter • • Comments Off on This Happened Twice Before, And Each Time Stocks Crashed
In 2000 and 2007. The consequences were spectacular. Now, it happened a third time in fifteen years. And it’s forming an increasingly terrifying chart.
