Oil’s dramatic crash has caused a wave of financial panic across the world. But what’s really happening? Here’s a look at the secrets of bank involvement in oil and what to expect for oil in 2015.
Things aren’t always as they appear. Here’s a look at the “coincidental” timing of events that show the secret connection between Saudi Arabia and Japan, and what it all has to do with why oil prices are falling.
Russia is scrapping its multi-billion dollar South Stream pipeline to focus instead on Turkey becoming a key gas transit hub. The announcement was made after hours of talks between the presidents of Russia and Turkey.
Russia is forced to withdraw from the South Stream project due to the EU’s unwillingness to support the pipeline, and gas flows will be redirected to other customers, Vladimir Putin said after talks with his Turkish counterpart, Recep Tayyip Erdogan.
Here’s a look at the death of gas giant Total’s CEO, Christophe de Margerie, and how it relates to the current currency war against the petrodollar involving China and Russia.
Oil prices are falling and the media blames in on a supply glut. But we all know that’s not true because short term oil demand is relatively inelastic. So what’s the real reason behind falling oil prices? Here’s a look at the secret deal between Saudi Arabia and the United States, as well as an update on the market.
Is fracking safe? The industry claims every precaution is taken to ensure that no harm is done to the environment by the gas extraction process. However, many US citizens who live near newly-built sites are convinced that their water and air has been contaminated, and is now radioactive and poisonous. Fish in the rivers are dying and garden trees are shrivelling and the people themselves are complaining of inexplicable rashes and respiratory illness. They aim to prove that fracking is the cause, but who’s listening?
On “Single Best Chart,” Scarlet Fu reports on the breakeven Brent oil prices by country in 2014. RBC Capital Markets Chief Commodities Strategist Helima Croft also speaks on “Bloomberg Surveillance.”
82 percent of California is experiencing extreme drought and farmers in California’s Central Valley are looking for water elsewhere- underground. Well drilling for groundwater in the state has doubled and even tripled in some counties. Bloomberg heads to a dairy farm to learn more about the drilling boom.
Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli have launched the construction of the first part of Gazprom’s Power of Siberia pipeline – which will deliver 4 trillion cubic meters of gas to China over 30 years.
Western powers seem to be a part of every war. Here’s an in-depth look at the world’s current water shortages and how the World Bank and IMF are involved in water wars that are unfolding in the Middle East.
Nevada’s Lake Mead, the nation’s largest reservoir, has hit an all time-low since it was first filled in the 1930s, raising concerns that a water shortage could be declared for a region home to 40 million people in seven fast-growing states.