What We're Reading

fracking (3)

Admin

If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade.

The contract price of US crude oil for delivery in December 2020 is currently $62.05, implying a drastic change in the economic landscape for the Middle East and the petro-rentier states.

The Saudis took a huge gamble last November when they stopped supporting prices and opted instead to flood the market and drive out rivals, boosting their own output to 10.6m barrels a day (b/d) into the teeth of the downturn.

Bank of America says OPEC is now "effectively dissolved". The cartel might as well shut down its offices in Vienna…

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Admin

Sunny Saturday Reads May 10th

And what are we doing at our computers. It's beautiful outside - go enjoy the day........and don't forget to pick up somethin g for Mothers Day tomorrow!

  • More pain ahead for small caps, saysCredit Suisse.  Since the mid 1990′s the average and median pullbacks in the Russell 2000 have been 21% and 14%.
  • Some measures of corporate credit spreads have reached their tightest levels in the past 23 years. Does this mean that optimism has peaked and it's time to sell? Not necessarily says Califia Beach…

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Admin

They weren't an anti-fracking family.  They had no wells on their land.  In fact for the longest time they, their doctors and numerous specialists had no idea what was causing their continual symptoms....and then the pieces began to fall into place.

By Lambert Strether of Corrente.

$3 Million? More like this, please. Here’s some background on the suit, from Natural Gas Intelligence:

In a first-of-its-kind hydraulic fracturing (fracking) nuisance lawsuit, a Dallas Jury Tuesday awarded a North Texas…

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