Forex Books Talking

instability as the price has slid to $30. In fact the budgets of virtually every major oil producer requires an oil price north of $80 just to break-even. With several such as Russia

break-even. With several such as Russia requiring $100+. Furthermore the oil price slump of 2015 has played a large part in sparking economic mass migration out of African

War Between Saudi Arabia And Iran Could Send Oil Prices To $250 / Commodities / Crude OilBy: OilPrice_ComThe rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries

The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East. First, the execution of a prominent Shiite cleric prompted

prominent Shiite cleric prompted protestors to set fire to the Saudi embassy in Tehran. Saudi Arabia cut off diplomatic relations and kicked out Iranian diplomatic personnel. Tehran banned

diplomatic personnel. Tehran banned Saudi goods from entering Iran. Worst of all, Iran blames Saudi Arabia for an airstrike that landed near its embassy in Yemen

The oil price collapse of 2015 has continued into 2016 with the price of oil plunging to a 12 year low of $29, less than 1/3rd of just over a year ago at the time of the

year ago at the time of the Scottish Independence mania that surrounded the Independence Referendum on the backs of an oil price of over $100 which had the Scottish

over $100 which had the Scottish Nationalists fantasising of the oil price heading to $120 and beyond, as part of painting a propaganda picture of an Independent Scotland Utopia

picture of an Independent Scotland Utopia to be built on tens of billions of free money each year in the form of tax revenues from a perpetually expanding north sea oil industry

Not only were the nationalist convinced of the oil price soaring soaring into the stratosphere but would heavily round on anyone that suggested that oil prices could actually fall as being Unionist propaganda.

The oil market is the hot market right now from a news generation standpoint. But there are a lot of people writing and even trading in the oil market that frankly don`t have any clue wha

that frankly don`t have any clue what they are talking about. I have read some real rubbish the last few months regarding the oil market, and with the recent fall in prices, the last few days have been

characterized by peak bull crap. Maybe if anything else this is an indication of the bottoming process in oil. Sort of like all those do it yourself Gold Mining shows hitting the reality television scene pretty much nailing the near term top in the gold market.

I hate always being the smartest person in the room, because I end up doing my job and everyone else`s as well. But here is a giant freebie for all those stupid, clueless oil executives out there in North America