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>> PETROLEUM Latest News

2 HOURS AGO - Zero Hedge

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The Tower Of Babel Comes To Paris: The Folly Of Obama's "War" On ISIS

Submitted by David Stockman via Contra Corner blog, US imperialism was once a fearsome force - mainly for ill. Under the latter heading, Washington’s savage destruction of Vietnam four decades ago comes readily to mind. But now the American Imperium has become just a gong show on the Potomac - even as its weapons have gotten more lethal and its purposes more  spurious and convoluted. There is no more conspicuous proof ...

Tags: The Tower Of Babel Comes To Paris: The Folly Of Obama's "War" On ISIS,  Petroleum Latest News

14 HOURS AGO - Zacks Investment Research

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Penn West Petroleum (PWE) Jumps: Stock Rises 8.7% - Tale of the Tape

Penn West Petroleum Ltd. (PWE) was a big mover last session, as the company saw its shares rise nearly 9% on the day.

Tags: Penn West Petroleum (PWE) Jumps: Stock Rises 8.7% - Tale of the Tape,  Petroleum Latest News

16 HOURS AGO - UPI

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API: Oil imports at historic low

Daniel J. GraeberWASHINGTON, Sept. 19 (UPI) -- U.S. imports of crude oil in August were the lowest they've been in almost 20 years, the American Petroleum Institute said.

Tags: API: Oil imports at historic low,  Petroleum Latest News

22 HOURS AGO - Zero Hedge

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Shale Fracking Is a “Ponzi Scheme” … “This Decade’s Version of The Dotcom Bubble” … “A Lot In Common With the Subprime Mortgage"

In 2011, the New York Times wrote: “Money is pouring in” from investors even though shale gas is “inherently unprofitable,” an analyst from PNC Wealth Management, an investment company,  wrote to a contractor in a February e-mail. “Reminds you of dot-coms.”   “The word in the world of independents is that the shale plays are just giant Ponzi schemes and ...

Tags: Shale Fracking Is a “Ponzi Scheme” … “This Decade’s Version of The Dotcom Bubble” … “A Lot In Common With the Subprime Mortgage",  Petroleum Latest News

SEP 18, 2014 - Investors Business Daily

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Phillips 66 Partners Stokes Oil Investors, Gains Fast

Like other master limited partnerships, or MLPs, Phillips 66 Partners has seen a big rise in financial returns and stock price this year thanks to a combination of beneficial industry trends and a favorable business model. The company owns and operates oil and refined petroleum product pipelines and terminals. Heavy demand for fuel in the U.S. has helped the company ...

Tags: Phillips 66 Partners Stokes Oil Investors, Gains Fast,  Petroleum Latest News