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"Houston, You Have A Problem" - Texas Is Headed For A Recession Due To Oil Crash, JPM Warns


by Tyler Durden

It was back in August 2013, when there was nothing but clear skies ahead of the US shale industry that we asked “ 2,078 more words

BofA Analyst Credits Falling Oil Prices for Lower Mortgage Rates

by Phil Hall

The precipitous drop in global oil prices has created a domino effect that led to a new decline in lower mortgage rates, according to a report by Chris Flanagan, a mortgage rate specialist at Bank of America Merrill Lynch. 276 more words

America

WTI Crude Price Breaks Through $56 ... Again

The old country song “Pick Me Up On Your Way Down” describes the crude oil market. Recently, pundits were claiming that crude was rising again and won’t stop. 39 more words

Banking

Why Cheap Oil May Be Here To Stay


By Kyle Spencer

Summary

  • Many investors are still skeptical that Saudi Arabia will hold firm on oil production.
  • Increased global consumption due to falling prices is unlikely to offset North American production.
930 more words

Oil Crash Exposes New Risks for U.S. Shale Drillers

By Asjylyn Loder Dec 19, 2014 3:19 PM ET

Photographer: Andrew Burton/Getty Images

U.S. shale oil production.

Related

Tumbling oil prices have exposed a weakness in the insurance that some U.S. 1,089 more words

Shale Boom