Oil

Why Crypto Miners Are Paying Attention To The Permian

Authored by Michael Kern via Crypto Insider, Bitcoin miners have become energy hunters, scouring the world for cheap electricity. When most people think about bitcoin mining operations, they imagine hydro-powered warehouses in Canada or the Sichuan…



Choking On The Salt Of Debt

Authored by Economic Prism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum, Life After ZIRP Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the…



Goldman Adds Saudi Arabia As Key Political Risks For Oil

Echoing commentary published here during the weekend, overnight Goldman’s chief commodity Jeffrey Currie repeated his recommendation to overweight allocation to oil to “hedge against increased geopolitical risks, driven by elevated US-Middle East tensions” which as…


Yellen Speaks, Market Shrieks

US equity markets are tumbling from their pre-open algo buying-spree and while no obvious catalyst stands out, somewhat hawkish comments from former Fed head Yellen may have sparked some selling… Yellen is speaking at a…



How Many Households Qualify As Middle Class?

Authored by Charles Hugh Smith via OfTwoMinds blog, By the standards of previous generations, the middle class has been stripmined of income, assets and purchasing power. What does it take to be middle class nowadays? Defining…



India Yet To Figure Out Way To Pay For Iranian Oil Imports

Authored by Tsvetana Paraskova via Oilprice.com, India hasn’t worked out yet a payment system for continued purchases of crude oil from Iran, Subhash Chandra Garg, economic affairs secretary at India’s finance ministry, said on Friday. India’s Oil…