Saudi Arabia

US Shale Production To Soar By 3.5 Million Barrels/Day Over Next Five Years: BofA Explains Why

Shale oil output in the US may grow significantly over the next five years due to increased activity in oil rigs and fast productivity gains, Bank of America predicts. The key reason: breakeven costs for key major US plays now stand around the $55/bbl mark. Assuming a gradual recovery in oil prices, annual US shale oil growth is expected to rise by 700 thousand b/d annually by 2022: a total increase of 3.5mmbpd.

Tulsi Gabbard Versus "Regime Change" Wars

"We need representatives to sift through what the U.S. government says and what the media reports to find out for themselves the truth, the shades of truth and the untruths... Rep. Tulsi Gabbard is a rare member of Congress willing to take heat for challenging U.S. 'regime change' projects..."

Trump Left Saudi Arabia Off His Immigration Ban... Here's Why

It’s hard to overstate how much the petrodollar system benefits the US dollar. It’s allowed the US government and many Americans to live beyond their means for decades. And it’s the reason the media and political elite give the Saudis special treatment...

A Bloodbath Looms Over Oil Markets

Oil prices have traded reliably in the $50s per barrel since OPEC agreed to cut production last November, but having failed to break through a ceiling in the upper-$50s, crude prices are in danger of falling back again. On top of rising U.S. output, OPEC’s cuts are less impressive than they might seem.

Beware Of Trojan Horses In Women's Movements

Why do women who believe in equal rights for women, pick as their spokesperson someone who one minute boasts of her supposed dissent as "patriotism," while the next minute advocating chopping off other womens' genitals?

From New World Order To Hazy Global Disorder

It is a new global disorder but in this chaos, a return to a multipolar world and the end of 'sole U.S. superpower' status may be a blessing in the long run. In the short run, however, the chaos will confuse every foreign ministry and international organization bureaucracy on every continent.

US Rig Count Rise Continues: What Will OPEC Do If The Market Doesn't Rebalance?

EIA confirmation of OPEC cut-compliance is trumping the dismal inventory data and surging US production for now. However, as US oil rig counts continue to rise (+8 to 591 - highest since Oct 2015) with US crude production charging ahead with it, the question many should be asking (given all-time record high net long speculative positioning in WTI/Brent) is "what will OPEC do if the market doesn't rebalance?"