Why Southwest Airlines Is Shrugging Off the Oil Price Spike (but American Airlines Isn't)
• https://www.fool.comSouthwest Airlines' high profit margin and its fuel hedges should help it withstand the recent jump in oil prices.
Contents Pages by Subject
Oil
6 Of The Last 8 U.S. Recessions Were Preceded By Oil Price Spikes...
• theeconomiccollapseblog.com, by Michael SnyderWhen the price of oil rises dramatically, that tends to be really bad for the U.S. economy.
If You Think The Price Of Oil Is Skyrocketing Now, Just Wait Until The War Starts…
• By Michael Snyder The Economic CollapseIn the aftermath of the most dramatic attack on Saudi oil facilities that we have ever seen, the price of oil has exploded higher.
Trump Praises US Energy Independence After Saudi Attack: "We Don't Need Middle Eastern Oil*
• https://www.zerohedge.com, by Tyler DurdenWith international oil prices soaring following this weekend's attack in Saudi Arabia, which has indefinitely crippled as much as half of its oil-production capacity...
If You Think The Price Of Oil Is Skyrocketing Now, Just Wait Until The War Starts…
• https://russia-insider.com, by Michael SnyderIn the aftermath of the most dramatic attack on Saudi oil facilities that we have ever seen, the price of oil has exploded higher.
Saudi Attacks May Nudge US to 'Go to War' With Iran and Seize its Oil...
• https://www.lewrockwell.com, Sputnik NewsSaudi Attacks May Nudge US to 'Go to War' With Iran and Seize its Oil, Megaupload's Kim Dotcom Warns
Feds finalize plan to open Alaska's Arctic National Wildlife Refuge to oil drilling
• https://www.latimes.com, By ANNA M. PHILLIPSThe Trump administration announced Thursday its final plan to open Alaska's Arctic National Wildlife Refuge to oil drilling, giving the petroleum industry access to the pristine wildland for the first time.
Furious US Slams Iran's "Web Of Lies" Over Oil Delivery To Syria
• https://www.zerohedge.com, by Tyler DurdenOn Thursday the US State Department slammed the Iranian government for its deceit and "web of lies" regarding the destination of the previously detained tanker Adrian Darya.
Oilsands Prospects
• arcleinFirst, and by a long shot the most important, is the sustained decline in global crude oil price outlooks. Even if we had seamless market access, the long term expected market value of oilsands production has dropped significantly from 2014 levels.
Oil Tumbles On Report Trump Discussed Easing Iran Sanctions,
• https://www.zerohedge.com by Tyler DurdenLeading To Bolton Eruption And Subsequent Termination
OPEC Needs A Miracle To Push Prices Higher
• Zero Hedge - Tyler DurdenIt's not a secret: OPEC has painted itself into a corner by relying exclusively on supply control to be able to manipulate international oil prices in a way that is favorable for its members.
European Gas Prices Plunge To 10-Year Low
• https://www.zerohedge.com by Tsvetana ParaskovaNatural gas prices in Europe are set to drop even lower than the current ten-year lows this fall.
Iranian Tanker Still Bound For Syria; US Working To "Disrupt" Oil Transfer: Report
• https://www.zerohedge.com, Tyler DurdenAs the Iranian oil tanker Adrian Darya 1 still appears to be circling in Mediterranean waters off western Cyprus after it turned away from approaching Turkey's coast this week, a new Wall Street Journal report says it will ultimately attempt to offlo
Who The Oil & Gas Industry Supports In 2020 US Elections
• https://www.zerohedge.com David BlackmanIn the July 31 Democratic presidential debate, former Vice President Joe Biden gave this reponse to a question about whether he would continue to support the production of domestic coal, oil and natural gas resources:
US To "Drown The World" In Oil
• https://www.zerohedge.com by Nick CunninghamThe U.S. could "drown the world in oil" over the next decade, which, according to Global Witness, would "spell disaster" for the world's attempts to address climate change.
US Sanctions Backfire, Lead To Boost In Russian Oil Exports
• Zero Hedge - Tyler DurdenU.S. sanctions are definitely changing production and price patterns in heavy crude and so is U.S. production.
Iran Warns US: Don't Interfere With Tanker's Passage, Mulls Naval Escort
• Zero Hedge - Tyler DurdenWith the Grace 1 now released after two failed attempts of Washington to bring the Iranian tanker under US custody, since renamed the Adrian Darya and flying the Iranian flag, Tehran officials are still refusing to confirm its ultimate destination wh
Saudi Oil Field Hit by Drone Attack But Production Unaffected
• yahoo.com, Javier Blas and Verity RatcliffeYemeni rebels attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia, but failed to disrupt production.
Gibraltar Judge Rules To Release Seized Iranian Tanker
• https://www.zerohedge.com, Tyler DurdenUpdate (1020ET): As expected a Gibraltar judge has agreed to release the seized Iranian oil tanker, Grace 1 (which was allegedly shipping 2.1m barrels of crude to Syria, breaching EU sanctions).
Norway's Trillion Dollar Fund Isn't Ditching Oil After All
• https://www.zerohedge.com, by Tsvetana ParaskovaNorway's US$1-trillion fund - the world's biggest sovereign wealth fund - sent shockwaves through global markets nearly two years ago when it said in November 2017 that it recommended the removal of oil and gas stocks - around US$35 billion worth
China's Largest Oil Company Caught Importing Iranian Crude
• https://www.zerohedge.comThe Trump Administration's decision to reimpose sanctions on the Iranian oil trade has dramatically reduced Iranian crude exports - but it hasn't stopped some of the US's largest economic rivals from accepting shipments of Iranian crude, according to
As Tensions Flare Between US & Iran, More Oil Tankers Are 'Going Dark' In The Strait Of Horm
• https://www.zerohedge.comGiven the rising tension in the Strait of Hormuz, and the mysterious spate of seemingly random attacks on tankers that some have blamed on Iran, it's no surprise that more captains transporting shipments of crude and LNG through one of the busiest co
A Ticking Time Bomb For Oil Markets
• https://www.zerohedge.com, by Irina SlavCrude oil in floating and onshore storage in Iran has exceeded 110 million barrels, French energy data analysts Kpler reported this week, noting the number of barrels in floating storage specifically had increased almost twofold over the last two mon
Iran Seizes Foreign Tanker "Smuggling" Fuel In The Gulf
• https://www.zerohedge.com, By Tyler DurdenIran's Islamic Revolutionary Guard Corps (IRGC) says it has seized a foreign vessel with 12-crew members carrying one million barrels of oil.
US Crude Production Keeps Hitting New Records and Texas is Over 5 Million Barrels Per Day
• arcleinIn its second quarter industry outlook report, released on the same day as the latest monthly statistical report, the API said the United States is poised for a continuation of record oil production. This report also highlighted that while U.S. crude
Mysterious Trader Dodges US Sanctions To Buy Maduro's Oil
• https://www.zerohedge.com, By Tyler DurdenA new report from Bloomberg exposes how international traders can skirt around US sanctions to buy and sell Venezuelan oil, which allows the Maduro regime to remain in power.
Oil Prices Hold Gains As OPEC+ Near Production Cut Extension Deal
• https://www.zerohedge.comUpdate: Russian Energy Minister Novak has stated that the extension of six to nine months is a consolidated agreement and other countries are in favour of such an extension. Novak's comments, and Russia agreeing to extend the OPEC+ deal, have re
US Crude Production Keeps Hitting New Records and Texas is Over 5 Million Barrels Per Day
• https://www.nextbigfuture.comTexas is only behind Russia, Saudi Arabia and the USA in crude oil output.
Trump: Why Protect Other Countries' Shipping Lanes For "Zero Compensation"?
• https://www.zerohedge.com, By Tyler DurdenFollowing statements on Meet the Press Sunday where he said "I was against going into the Middle East," and lamenting that "we've spent 7 trillion dollars" there, Trump continued his theme of drawing down in the region on Twitter, saying Monday morni
US Extends Lead As World Number One Oil Producer
• https://www.nextbigfuture.comUS Crude oil production is up 600,000 barrels per day since the start of 2019 to 12.3 million barrels per day.
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