Think gasoline is cheap? In today’s “Bart Chart,” Bloomberg’s Mark Barton takes a look at Venezuela’s Gasoline prices on “Countdown.”
The Iraqi energy minister has just said in Davos that oil prices have bottomed out. For more RT is joined by financial journalist and author, founder of the Commodity Discovery investment Fund; Willem Middelkoop.
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.