Commodities and Resource

Secrets of Bank Involvement in Oil Revealed

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.

The Covert Connection Between Saudi Arabia and Japan

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.

South Stream closed, Gazprom builds new Black Sea pipeline to Turkey

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.

Putin: If Europe doesn’t want our gas, we will redirect resources, build new pipeline

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.

The Yuan as an International Currency and the Death of an Oil Giant

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.

Why Oil Prices are Falling: The Secret Deal Between the U.S. and Saudi Arabia

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 Effects of Fracking

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?

Oil Prices: Which Countries Are Hit Hardest?

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.”

California’s Drilling Frenzy Has Nothing to Do With Oil

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.

Russia, China launch construction of world’s biggest gas pipeline

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.

Water Wars: The New War of the 21st Century

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.

Drought Fears: Lake Mead Hits All-time Low

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.