OIL

BREAKING NEWS: Iraqi Military Begins Mosul Offensive (Videos Added)

by John Galt October 16, 2016 19:20 ET Breaking on all major news sources. As per Reuters: Iraq announces start of offensive to retake Mosul (excerpted) Iraq’s Prime Minister Haider al-Abadi announced the start of an offensive to retake Mosul, the capital of Islamic State’s so-called caliphate in Iraq. “The hour has come and the moment of great victory is near,” he said in a speech on state TV, surrounded by the armed forces’ top commanders. “I announce today the start of the operation to liberate the province of Nineveh.” The…


Despite Saudi and Russian Bluff, Oil Supply is Still Overwhelming Price

by John Galt October 10, 2016 19:45 ET Despite the recent recovery in oil prices back above $50 per bbl (Brent chart courtesy of NetDania): The problem however is that oil supply is not reflected by the price. The latest results from the International Energy Agency (IEA) through the 2nd quarter of this year shows little if any evidence of a draw down in supply: Then tonight this fascinating story tonight from the UK Express: Something very odd is being hidden in the middle of the Atlantic ocean and Gulf of…


10.09 Saudi Stock Market Plunges another 2.2%

by John Galt October 9, 2016 08:45 ET So much for the idea that this rally will carry the world into a new camel, er, bull market. (chart via Bloomberg) This is not a predictor for the future, but if it is a hint as to how disturbed the force is with the potential for World War III starting any moment, world markets could drop far and fast without much warning.


U.S. Sends 3 Warships to Coast of Yemen to Protect GCC/Saudi Navies from Flip Flop Warriors

by John Galt October 3, 2016 20:30 ET Beware the power of the shower slippers. Or beach flip-flops. Whatever it is they wear, apparently the Houthi have terrified the Kingdom of Saudi Arabia and the United Arab Emirates to the point where they demanded U.S. Naval protection so they can bring more death to the civilians of Yemen (via FoxNews): US warships sent to area where Iran-backed rebels attacked Saudi-led coalition ship (excerpted) The U.S. Navy dispatched three warships near the southern coast of Yemen after four rockets hit and nearly…


Saudi Stock Market Takes a Camel Dump as it Drops 3%

by John Galt October 2, 2016 09:30 ET Guess the Obama lame duck magic is wearing off (Chart courtesy of Bloomberg): Oil is indicated to open substantially lower later today if the Middle East trading session is any indication, even though it was not throughout the entire region, the overnight and Monday trading session for equities globally could be interesting. Needless to say, the horrid economic conditions and further actions by the Saudi government which indicate that they may indeed be in greater financial trouble than publicized, along with the ongoing…


Wikileaks, Hillary, and Russia: Revenge is a Dish Best Served Cold

by John Galt July 29, 2016 05:00 ET The mega-circus known as the Democrat National Convention is concluding in Philadelphia, but the concern of all of its major leadership will not be seen unless this next release indicates what most of America already knows: The Clinton family is the most corrupt, un-indicted crime family in America next to White Bulger until the FBI finally went after his gang. Hillary Clinton’s problem however is not as easy as a bimbo eruption or weak participant in one of their exercises of illegality which…


Syria Ceasefire is Over: Russia Vaporizes Islamists with Incendiaries and Cluster Bombs (VIDEOS)

by John Galt June 8, 2016 20:10 ET One has to wonder how many Americans are itching to exact revenge on these terrorists for what they have done in this world to our people and those standing in TSA lines nationwide because of their ilk. Regardless, Russia, once again, demonstrates how to win wars with minimal effort from their forces while assisting their own Marines and Assad’s ground troops with a nightly version of shock and awe. It is an amazing thing to watch as we try to fight the oxymoron…


Saudi Aramco Blunders Again by Raising Oil Prices to Asia During a Bear Market

by John Galt June 5, 2016 10:40 ET The national oil company of Saudi Arabia, ARAMCO, announced today that they will be raising oil prices to Asian customers due to “robust demand.” In reality, this move flies into the face of reality and logic as the bounce in oil prices at this time is nothing more than a dead cat rebound in the midst of an over-supplied global bear market rout. Or did the Saudis just decide to ignore this picture and act for different reasons? Thus the story from Bloomberg…


Saudi Arabia – Iran Feud Heats Up: Iranian Pilgrims to miss Hajj, Blames Saudi Arabia

by John Galt May 29, 2016 21:45 ET Just like two drunken camels fighting at a Bedouin discotheque, the relative peace in the Iran-Saudi economic and military conflict could not be counted on to remain silent for too long. As the Saudi proxy army ISIS is facing the possibility of massive defeats in Iraq and Syria, now Iran is accusing the Saudi regime of “blocking the path to Allah” and forbidding its pilgrims from making the sacred journey known as the Hajj. From Zee News in India today: Iran says to…


04.17 DeathCamelBurger Edition: Saudis Choke in Doha, WTI Crashes below $40 on the Open, Stock Futures Falling

by John Galt April 17, 2016 19:15ET Apparently the House of Saud would rather eat their rides than finance them as today’s Doha, Qatar OPEC meeting ended in discord and disaster for the now flailing for a reason to exist organization. The results? WTI-Crude opened up down over 6% along with Brent and created a huge disaster for the longs that enjoyed the short covering rally of the past few weeks (Charts courtesy of Finviz.com/prices delayed 15 mins):   Note: WTI rolled over to the June 2016 contract starting today; on…


04.17 14:30 ET BREAKING NEWS: OPEC Doha Meeting Ends with No Agreement

by John Galt April 17, 2016 14:30 ET In a not so shocking development, the Saudis and Russians could not find middle ground for agreement to freeze oil production until October of this year as Saudi Arabia insisted on some sort of output reduction guarantees from Iran. The news just broke in the past 20 minutes, here is Reuters breaking news on the meetings: OPEC and non-OPEC producers on Sunday failed to reach a deal to freeze oil output, three oil industry sources told Reuters. Sources said OPEC producers had told…



Russia’s Plan to Blackmail OPEC at the Secret Qatar Meeting on Tuesday

by John Galt February 15, 2016 20:05 ET The long anticipated Wild West face to face showdown with Russia and Saudi Arabia occurs on Tuesday, February 16th in Doha Qater per Bloomberg today: Saudi, Russian Oil Ministers Plan Talks in Doha Tuesday The reaction in the crude oil futures markets was fast and obvious (chart via Investing.com): The so-called secret meeting was leaked by someone with a financial interest in moving the futures markets. Here is an excerpt from the Bloomberg article linked above: Ali al-Naimi, the most senior oil official…


01.17 Middle East Markets Plunge as Iran Plans Massive Oil Exports

by John Galt January 17, 2016 09:40 ET OUCH! While U.S. markets may be closed for a government union sponsored day off on Monday, the rest of the world’s equity markets are imploding once again. The lifting of economic sanctions by the United States and United Nations was promptly followed by the Iranian government promising to ramp up oil exports as soon as today or Monday. The resulting addition of more oil to the markets and an illiquid Asian equity situation should set up a nice crash in Brent prices overnight…



01.05.16 World Stock Market 1/2 Eaten Deathburger Watch: Burp! Shanghai Burgers are Getting Old

by John Galt January 4, 2016 20:50 ET Ugh. No sleep again and here we go again. With US futures gaining no traction after the market close as demonstrated below (chart updates automatically courtesy of FINVIZ): Up only around 3 points now means that down is now the new up and bearish means we’ll rally back to the bottom part of the trading range and everything will be okie dokey. Or not. Meanwhile these Tweets from Bloomberg’s David Ingles indicates all may not be well in the land of the Communist…


01.04.2016 Won Ton Deathburger Alert: Shanghai SSE Plummets 4% in Minutes – Drags US Futures Down

by John Galt January 3, 2016 21:40 ET Here it is an innocent first night in 2016 trading with Iran and Saudi Arabia fighting over the same camel (it’s sexual this time) and of course US equity index futures originally opening higher this evening. Then Asia opened. Then oops. The Shanghai-SSE opened down then in a matter of less than 4 minutes plummeted down 4% on pretty heavy volume and now has recovered as of this posting to around -3.30%. That of course took an already fragile Japanese market down further…


Saudi Arabia to Hit Global Debt Market – Borrowing Could Equal 50% of GDP in 5 Years

by John Galt November 9, 2015 20:00 ET Whoops. The Saudis promised the world that the rapid decline in oil prices would have limited impact on their domestic economy.  Despite the public proclamations and chest thumping to reassure overseas markets and investors, in fact the Saudis have been desperate to raise cash as they have now discovered the economic reality of the difference between liquidity and actually having cash on hand. This was highlighted in none other than the website Reuters via Arabian Business on October 12th: Oil-dependent Saudi, Abu Dhabi…


Think the Fed has a Clue? Let’s Review 2008 and Think Again

by John Galt September 27, 2015 02:30 ET In the past week, Federal Reserve Chairwoman Janet Yellen endured a health scare which sent shudders throughout the financial world. Thankfully she later reported it was just dehydration and everything was fine, however her immediate health related issue should not be what terrifies investors; it should be the fact that the Federal Reserve has no clue as what is happening or what to do with the current economic situation. Let us review recent history, say way back in 2008 for a historical guide….



07.27 Chinese Markets Implode as Shanghai SSE Crashes Over 8%

by John Galt July 27, 2015 05:20 ET (chart courtesy of YahooFinance) The 8.28% collapse in Shanghai shares caught many by surprise overnight as there was no indication at the open of the session that the Communist government was going to permit any major action in the trading. Then suddenly after the lunch time break, there was a sharp decisive sell off taking the market down almost 300 points in just a little over 2 hours. The paper wall to prevent selling appears to have collapsed and a retest of the…


The Real Reason for the Sudden Iran Nuclear Deal

by John Galt July 14, 2015 20:40 ET IN the wee hours of this morning, President Obama’s team lead by the former head of Emily’s list and Secretary of State John Kerry capitulated to the Iranian mullahs and basically gave the regime in Tehran almost everything they asked for in a structured nuclear deal. This deal, as analyzed by numerous arms control experts, former heads of the IAEA, members of the US military, and objective observers in Israel have rated this not only as a disaster for world peace, but a…


Saudi Arabia Captures 4 Shia Rebels 1 Saudi Soldier Killed in Al-Qatif (Video)

By John Galt April 5, 2015 21:45 ET Keep in mind that the video and news report below is from a propaganda bases source, PressTV via Iran: However this does confirm a report from Al-Jazeera early Monday morning of such a raid occurring (translated via Google): One Security Man Killed, one Wounded during Anti-Terror Raid in Eastern Saudi Arabia According to the Saudi Press Agency murder of a security man and left five wounded in an exchange of gunfire in the town of Awamiya in Qatif (eastern Saudi Arabia), during a…


03.26 Gold and Oil Surge on Yemen Conflict

by John Galt March 26, 2015 05:00 ET Needless to say that old barbaric metal must be popular in the Middle East as an insurance policy against economic destabilization. As the news about the size and scope of the Saudi offensive into Yemen became public knowledge overnight, precious metals surged in response: Meanwhile WTI Crude is up over $2.00 per barrel as of this posting: Stay tuned as this conflict has the potential of spreading far and wide throughout the region thus ending the bear markets in these commodities and altering…


03.15 20:00 ET – Oil is Crashing and Burning like an Obama Rail Tanker Car

by John Galt March 15, 2015 20:00 ET Chart presented courtesy of FinViz.com as the real driving force in this decline is still being ignored by the financial propaganda, er, mainstream media: This would be a good time to build the Keystone pipeline because all of those railroad tank cars sitting on the Taggart Comet’s line may go boom like those who went long WTI at $50 thinking it was the bottom.


With the Death of the Saudi King, a US Invasion of Yemen is only Weeks Away

by John Galt January 22, 2015 21:45 ET Just about one year ago on February 5, 2014, I warned about events on the Arabian peninsula which have now come to fruition: Obama is about to Lose Another Arab “Ally” to Radical Islamists in Yemen Within that warning, I stated the following: Once Yemen falls, there is a proverbial line in the sand challenging Saudi dominance in the area and worse, it creates a hornet’s nest of Islamist radicalism potentially obstructing commercial traffic into the Red Sea and Suez Canal with Islamic…


11.30 Deflationary Deathburger Freak Out Hitting US Futures Markets Tonight (Gold down over $50!)

by John Galt November 30, 2014 18:30 ET It is nice of the Fed and Bank of Japan to drag the old Kevin Bacon film clip out for tonight’s market action. Meanwhile back in realville, uh, all TS is HTF if you are long gold, silver, or anything you eat, put in your gas tank or that you can drop on your foot which hurts. (data courtesy of FinViz.com) This could be a most interesting week, especially if the early previews and rumors about retail sales and the unemployment number decide…


Middle East Stock Markets Continue to beat Bearish War Drums

by John Galt June  23, 2014 21:00 ET Despite the euphoria of the coca plant consuming financial con artists at the Fed, er, Wall Street reality is setting in as ISIS continues to conquer more territory on a daily basis. The Dubai stock market is about to depart from its high just about one month ago and into a full blown bear market in less than 30 days with a staggering 17% decline after a 4.32% decline today: (charts courtesy of Bloomberg.com) Luckily for Dubai, the market will stop declining is…


Why Saudi Arabia and Qatar want to Eradicate Iraq

by John Galt June  12, 2014 22:00 ET On September 1, 2013, I published the following article referring to the idea of putting US troops on the ground in the Syrian Civil War: Just Say NO on Syria In that article, I stated the following: The desire to build a natural gas pipeline from Qatar and Saudi Arabia first took hold in 2009 but due to the uprisings within the “Arab Spring” which followed and massive instability created from the uprisings, Bashar Al-Assad’s distrust of the Sunni governments which supported the…


In Obama and Hillary’s African Success Story, Libya Prepares for Civil War

by John Galt May 26, 2014 08:40 ET While the world’s attention has been removed from the human suffering in Egypt and Libya thanks to the neglect and incompetence of American foreign policy, the two North African nations are clearly on differing paths. Egypt, under Sisi, will return to a prototypical military dictatorship as they have endured for almost five decades, this time however they appear to be returning to a non-aligned if not outright pro-Russian foreign policy stance after the betrayal by the Obama administration at the hands of the…


Libyan Interim Prime Minister Quits as America’s Foreign Policy is in Tatters

by John Galt April 13, 2014 10:35 ET The United States foreign policy team of “hear no evil, see no evil, ignore real evil” can claim another success this morning as the interim Prime Minister of Libya has resigned in fear for his life (story from The Sunday Straits Times of Singapore):  Libya PM quits, saying he was victim of armed attack Published on Apr 13, 2014 TRIPOLI (AFP) – Libya’s interim prime minister Abdullah al-Thani stepped down on Sunday, saying that he and his family had been the victims of…


03.17 BREAKING NEWS: US Navy Seal Team Seizes N Korean Flagged Oil Tanker from Libya

by John Galt March 17, 2014 05:45 ET The news is never boring on St. Patrick’s Day apparently as per Al-Arabiya, the US Navy Seals acting on the request of the Libyan government boarded and seized control of the rogue tanker, the Morning Glory, which received oil from Libyan rebels in the eastern part of the country: U.S. Navy SEALs board rogue Libyan oil ship U.S. Navy SEALs took control of a North Korea-flagged tanker that had loaded crude oil at a port held by rebels in eastern Libya, the Pentagon…


The Arab Spring comes to Algeria with Protests and 3 Deaths this Weekend

  by John Galt March 16, 2014 21:40 ET As all eyes are focused on Russia and the Ukraine, the MENA region (Middle East-North Africa) continues to boil with Libya making waves almost daily and now Algeria experiencing rare anti-government protests on Saturday and Sunday after the 77 year old incumbent, President Abdelaziz Bouteflika, decided to seek a fourth term. The pro-Boutefika protests in Algeria were obvious propaganda as their stated purpose was to “motivate” the youth to get out and vote for the current leadership. However across town the protests…


Meanwhile in Obama’s Libya Success Story: Force Majeure declared at Rebel held Oil Terminal, PM Flees Country

  by John Galt March 16, 2014 15:18 ET If I were a Ukrainian, I would defer from asking Obama from any help with their “Russian” problem. Why? Well, while Crimea votes to rejoin Russia today, the success story which was hailed by Obama and the European Union sheep in NATO as a resounding success has a few more problems to deal with now that they are not even being covered by the American media. From Asharq Al-Awsat today: Libya oil standoff continues after tanker escape <excerpted> Cairo, Asharq Al-Awsat—The Libyan…


The 3 Market Charts to Watch During the Russia Ukraine Crisis

  by John Galt March 3, 2014 07:15 ET While there has been way to much flapping of gums by the mainstream media who are essentially clueless about the crisis emerging in the former states of the Soviet Union, the markets have a method for providing insight as to the true impact of the events as they unwind and how severe the impact will be. Investors as a general rule are not stupid when they act as individuals wishing to protect their own capital and profit from the stupidity of the…


Obama is about to Lose Another Arab “Ally” to Radical Islamists in Yemen

  by John Galt February 5, 2014 20:05 ET While President Obama continues his policy, lie, berate, wash, rinse, and repeat about his reign of terror on the American people, another Arab ally in the old war on terror is about to fall as Houthi Shiite rebels advance on the capitol of Yemen. From the Middle East newsite Al-Arabiya tonight: Houthi rebels advance on Yemeni capital The excerpt below should provide a vivid picture of how severe this crisis is becoming in a crucial nation to countering the advance of not…


While Another U.S.-Saudi Proxy War is Starting, Libya is in Ruins

  by John Galt September 3, 2013 19:35 ET The United States is continuing its recent tradition as the mercenary force for the House of Saud and other Persian Gulf nations like Qatar and as a result, leaving chaos, confusion, death, and terror in its wake. The other night I outlined the recent disasters in the news befalling the people of Libya as militias are roaming the countryside engaged in multiple firefights and attacks on unarmed opposition tribes while the economy and oil production has basically ceased to exist. An analysis…


Just Say NO on Syria

  by John Galt September 1, 2013 11:00 ET   The old 1980’s PSA anti-drug campaign says it best:     Why say no to another war without a defined mission, a Constitutional reason, or strategic objective? Let us all take a moment to review the crisis and the consequences of the dangers which the United States encounters by attacking the small nation of Syria which has never in its history attacked us. First and foremost, the war hawks and chicken hawks have been all over television making false proclamations that…


Meanwhile in Northern Cyprus-Turkey Increases Troop Levels by 7,000

  by John Galt July 3, 2013 22:30 ET The world is completely engulfed by the Zimmerman trial, Egypt, and Michelle Obama’s prison term in the White House yet as the PIIGS return to reality with Portugal, Ireland, and of course Greece making waves this week along comes Cyprus with a bombshell development in this morning’s edition of the Cyprus Mail: Turkish troop numbers upped in north From the article By Stefanos Evripidou linked above: TURKEY HAS increased the number of troops on the island by 7,000 this year, according to…


Egypt on Fire, Iraq bombed, Oil over $102, and Asian Markets are Dropping 1%+ Again

  by John Galt July 2, 2013 22:20 ET Egypt is on fire, over 50 killed in bombings in Iraq, U.S. foreign policy is focused on a 29 year old hacker while Syrians die by the hundreds, oil soars over $102 per barrel so of course, Asian markets are dropping hints about the turmoil and tumult about to hit the U.S. markets during a short day of trading tomorrow. All quotes are from Yahoo Finance and delayed 15 minutes and actively update until the close of trading. Australia: Japan: Hong Kong:…


%d bloggers like this: