Big Banks Turn Bearish On Oil Next Year

By Julianne Geiger As the year draws to a close, the Brent and WTI oil benchmarks are trading at $66.55 and $61.54, respectively. From $60.65 to $64.50, investment bank and analyst projections for Brent crude prices next year are starting to come in. Most forecasts had the luxury of OPEC’s deeper production cuts under the … Read more

How to Manage Your Budget Without Problems – Tips from Rabato

Every day, consumers are bombarded with countless advertisements and seemingly valuable retail offers. Reasonable consumer behavior is based on certain principles that ensure one’s money is well-spent. Here are five useful budgeting tips provided by Rabato.    Keep Track of Bargains Effectively   Today, hot deals and discounts from retailers may be found in a … Read more

Will It Be War? U.S. Airstrikes Hit Iranian-Backed Militias As The Pentagon Warns More Military Action May Be Coming

by Michael Snyder A lot of people seem to have forgotten that we were literally on the brink of war with Iran earlier this year.  Back in June, President Trump cancelled a major U.S. bombing mission against Iran at the last minute, and things seemed to settle down quite a bit since that time.  But now … Read more

CHOOSING SIDES: Democrats Just Betrayed Working-Class Americans To Appease Environmentalists.

via issuesinsights: Congressional Democrats just betrayed America’s working class. The House recently passed a series of bills banning offshore energy development, a significant source of employment for blue-collar Americans. Fueled by environmental fervor, these lawmakers are willing to sacrifice opportunities for their most important constituents. There could be up to 90 billion barrels of oil and 328 trillion cubic feet of gas buried … Read more

Paul Krugman hardest hit.

UNEXPECTEDLY! Rank-and-File Workers Get Bigger Raises. Wages for rank-and-file workers are rising at the quickest pace in more than a decade, even faster than for bosses, a sign that the labor market has tightened sufficiently to convey bigger increases to lower-paid employees. Gains for those workers have accelerated much of this year, a time when the … Read more

The effects of california’s war on uber seem likely to destroy some of america’s most vibrant on-line communities

Typical idiot leftists. They’re calling on the employer to fix the problem created when they called on the state to hassle the employer. Idiots. A message from the SB Nation MLB communities. Last week we learned that our peers at the California-based SB Nation communities would face major changes under California Assembly Bill 5. You … Read more

Is Social Media the New Tobacco?

by Charles Hugh-Smith If we set out to design a highly addictive platform that optimized the most toxic, destructive aspects of human nature, we’d eventually come up with social media. Social problems arise when initially harmless addictions explode in popularity, and economic problems arise when the long-term costs of the addictions start adding up. Political problems … Read more

“The capital markets for oil and gas remain extremely difficult. The risk appetites of the banks for energy lending are much lower.”

By Wolf Richter for WOLF STREET. The Dallas Fed’s Forth Quarter Energy Survey, released today, portrays an industry that is turning increasingly somber. The data is based on responses of executives (names are not disclosed) of 170 energy companies – 111 exploration and production (E&P) companies; and 59 oil field services companies – located or headquartered in the Dallas … Read more