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The meteoric rise never felt sustainable – the numbers told us that. In 2013, US shale was responsible for approximately 20 percent of world investment in oil, while only supplying four percent of global production. The figures today are even grimmer. Baker Hughes is cutting 7,000 jobs; Halliburton, 6,500; Schlumberger, 9,000. The national oilrig count … Read entire story.
Source: OilPrice.com Daily News Update
As regular readers here know, I’m a big fan of simplicity: fewer funds and fewer accounts, whenever it’s possible to do so without having to make some major tradeoff elsewhere. Readers with a similar set of preferences may be interested in Harry Sit’s recent article, about how he uses Fidelity not only to fulfill his […]
A lobbying blitz is underway to scrap the decades old ban on crude oil exports from the United States. Originally implemented during price spikes in the 1970’s, oil exports from the U.S. have been legally blocked, save for exemptions given to exports to Canada. That was largely a nonissue …
This morning’s publication of Switzerland’s KOF Economic Barometer revealed an economic outlook that has dipped somewhat since last month’s reading. A combination of economic indicators is now portraying economic conditions slightly more pessimistically than before. The measure only fell by approximately 0.2 points from 1.00 to 0.80, a measure that still falls within…