Commodity Trade Mantra

Posts Tagged ‘Shale Revolution’

Falling Chinese Demand Could Intensify The Crude Oil War

For exporters of commodities & industrial materials, the shrinking of the world’s largest source of demand is bad news. Nowhere is this more evident than in the Chinese energy sector, as crude oil accounts for 6% of total imports. China’s economic slowdown, combined with a global push towards renewable energy, could threaten the already fragile levels of its crude oil demand.

Brent Plunge To $60 If OPEC Fails To Cut, "Profit Recession" To Follow

If OPEC fails to agree a cut, prices will drop “further and quite quickly”, with U.S. crude oil possibly sliding to $60. If Brent does indeed tumble to $60, what happens? Then the most likely next outcome is a Profit recession, which while left unsaid, will almost certainly assure a full-blown, economic one as well.

Will Shale Oil Fuel Manufacturing Boom in the US?

Chris Guith the senior Vice President of Policy for the Institute for 21st Century Energy pointed out how large a benefit the shale revolution is for the U.S. economy. Since 2007, all non-farm jobs fell 2.6%. Oil industry jobs rose 38.6%. In 2012, there were 2.1 million jobs in the sector. By 2025, there will be over 4 million jobs.

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