The multi-trillion dollar oil market swindle
These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history.
Latest Stories
APR Energy Signs Six-Month Contract Extension for Guatemala Mining Project
APR Energy’s mobile diesel generators have served as the sole power source for the crucial operations of the mine, which operates independently from the local grid system.
Loesche Thermo-Prozess now comes with its own compact Monobloc burner
With an integrated combustion air fan and burner control system, LTP thereby supplements its existing burner product range for the process and heavy industry sector with a practical, tested component.
Anglo American likely to cut dividend amid commodities collapse
It would be the first time since 2009 that Anglo has to cut dividends.
Alliant Energy to fork out over $7 million on cutting pollution from coal-fired power plants
Spending corresponds to a $1.1 million pollution fine and further $6 million on environmental mitigation projects.
BHP Billiton to take a $2.8 billion write-down on US assets
With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.
Nevermind the machines how about paying attention to the minerals?
"There are probably 300 data points available around a typical truck or shovel at a mine site. Not one of those data points relate to the value of that asset being carried."
Only permanent supply cuts can lift metal prices
The availability of cheap money has seen boards postpone hard decisions about uneconomic capacity says Macquarie in new report.
Suncor Energy tests use of radio waves instead of water at oil sands
Instead of high-pressure steam, Canada's largest oil and gas producer wants to send radio waves down to heat the bitumen.