Nouriel Roubini who is famous for predicting the financial collapse which earned him the nickname “Dr. Doom” cited a Middle East conflagration oil crisis, “austerity fatigue” and “bailout fatigue” in Europe, and the “fiscal cliff” faced by the U.S. in a doom and gloom scenario.
Post Tagged with: "oil"
April 26, 2012 04:52
Gasoline-Futures Prices Tumble Due to Increased Oil Supply
Helping to spur the downturn is the reversal of a pipeline’s flow that will give refiners in the Gulf Coast region greater access to crude, the basic feedstock for gasoline.
April 20, 2012 04:13
World Bank Chief Criticizes Argentina Oil Nationalization
The president of the World Bank, Robert Zoellick, criticized Argentina’s plans to nationalize its largest oil company.
April 18, 2012 05:55
The Answer Really Isn’t Blowing in the Wind
$90-billion investment to subsidize renewable energy sources in the natural world does surprisingly little. This amount, allocated in 2009’s American Recovery and Reinvestment Act to subsidize green energy initiatives, has thus far yielded today’s bustling “renewable-energy sector” that employs roughly 140,000 Americans. And even that dismal figure is wildly inflated. – American Thinker
April 17, 2012 05:45
Another Oil Price Shock, Another Global Recession?
Studies show that historically, around 90% of US recessions post World War II were preceded by oil price shocks. The most recent occurrence took place when oil more than doubled in price from January 2007 to July 2008 due to a sharp increase in Chinese demand. The pullback of US consumer and corporate spending already put a drag on economic growth before the subprime-induced financial crisis closed the deal on the Great Recession.
April 12, 2012 05:55
Natural Gas Price Plunge Shows Obama Lies About Oil Prices
Natural gas prices have plunged to a ten year low because of excess SUPPLY. This shows that oil prices could be substantially reduced if Obama unleashed America’s oil drilling industry. Jobs, tax revenues and the economy would all benefit.
April 11, 2012 07:16
Obama Sacrifices Liberty To All-Powerful Government
The real Barack Obama is a steely-eyed autocrat, dedicated to expanding his power at the expense of our liberty, still a bit of a Marxist, alternately hostile to or agnostic about capitalism, and intent on transforming America into a government-controlled society composed of obedient automatons. – IBD
April 11, 2012 04:58
Supply matters – tell Obama
Oil traded near its lowest price in almost two months in New York after an industry report showed stockpiles rose for a third week in the U.S., the world’s biggest consumer of crude. – Bloomberg.com
April 9, 2012 11:30
Obama feels your gas pain at the pump – still wants higher gas prices
To paraphrase Grouch Marx “Who ya gonna believe, Obama our your own eyes?” Obama and prominent Democrats railed against high gas prices under Bush but what is the excuse now? It’s all lies, lies and damned oil lies. Obama will say anything. To him the ends (his power) justifies the means. He taught Saul Alinsky tactics as a young community organizer.
April 5, 2012 04:50
On the stump, Dems split with Obama over Keystone XL pipeline
Eight of the 18 non-incumbent Democrats running for Senate surveyed by The Hill either steadfastly support the pipeline or oppose it outright, breaking with Obama’s decision to reserve judgment on the project until federal regulators conduct a full review. – The Hill
