econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



What We Read Today 04 January 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

Russia, Iraq Supply Most Oil in Decades as 2015 Begins With Glut (Grant Smith and Anna Andrianova, Bloomberg)  Oil production in Russia and Iraq surged to decades high levels in December 2014 as global oversupply pushed prices lower.  The price of oil has declined by almost half from earlier in the year.  Russia and Iraq combined supply 15% of the world's oil.  See also next article. 


Saudi Arabia bets its future on 'Berlin or Bust' oil strategy (Andrew Critchlow, The Telegraph)  With 12% of global oil production, Saudi Arabia is a chief architect of the oil price swoon as they have refused to cut output to counter the global production glut and in November convinced the rest of OPEC (Organization of Petroleum Exporting Countries)  not to cut production.  OPEC is responsible for 32% of world production.  The action by the Saudis is a do-or-die kind of move.  They risk breaking their country's economy should the price of oil go too low and stay there too long with the objective of regaining  control and emerging "stronger after re-asserting its global significance as the custodian of the world’s primary energy source".  To establish this control it must force the other two oil giants, Russia and the U.S., to cut back on higher cost production and the strategy is based on lower prices forcing that reaction.  See next article.


Oil Production:  Countries Overview (U.S. Energy Information Administration)  The three "giants" in oil production for the world are Saudi Arabia (11.73 million barrels a day), The U.S. (11.11 million) and Russia (10.40 million).  The three countries combine for more than a third of global petroleum production.  Data is for 2012 production.

Click for interactive data map at the EIA.
global-oil-production-map

global-oil-production-table


Articles about Local Fracking Bans

New York, Citing Health Risks, Moves to Ban Fracking (U.S. News & World Report)

After New York ban, Pennsylvania renews focus on fracking health impacts (StateImpact, NPR)

Behind New York's Fracking Ban (U.S. News & World Report)

New York Fracking Ban Is Killing Local Farms And Businesses (The Daily Caller)

Locals react to statewide fracking ban (WBNG Channel 12)

Heavyweight Response to Local Fracking Bans (The New York Times)

Interior secretary criticizes fracking bans (The Hill)

Toxic Chemicals, Carcinogens Skyrocket Near Fracking Sites (U.S. News & World Report)

Study Links Fracking to Infertility, Miscarriages, Birth Defects (U.S. News & World Report)

List of Bans Worldwide (Keep Tap Water Safe)

Hydraulic fracturing in the United States (Wikipedia)


Articles about events, conflicts and disease around the world

AirAsia Flight 8501

Race Relations and Related News

Ebola

Libya

Turkey

Bahrain

Israel

Iran

Australia

Greece

Cuba


Do not miss "Other Economics and Business Items of Note", the final section every day.

Please support all that we do at Global Economic Intersection with a subscription to our premium content "behind the wall".

There are between 75 and 100 articles reviewed most weeks. That is in addition to the 140-160 articles of free content we provide.

You get a full year for only $25.




The rest of the post is for our premium content subscribers - Click here to continue reading. If you have forgotten your login or password - send an email to info at econintersect.com.










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.






Econintersect Behind the Wall



search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Minsky’s Theory of Asset Prices: Why Minsky Was NOT a Neo-Monetarist
Many (But Not All) Dynamics Improving But Federal Tax Receipts Are Down
News Blog
Infographic Of The Day: Why Pets Make Us Happy
Early Headlines: Asia Stocks Mixed, Oil Up, Dollar Down, Obama Issued Fewer Exec. Orders, German Inflation 1.7 Pct, Pound Rally Temporary?, China Prop. Investment Stabilized And More
Democracy - 'End of History', Really?
Preview Of Dirk Ehnts' New Book
Britons Are Very Pessimistic About The EU's Future
Sherlock Holmes And The Strange Case Of Anti-intellectualism
Average Gasoline Prices for Week Ending 16 January 2017 Fell Almost 3 cents
What We Read Today 17 January 2017
Massive Alligator Shocks Tourists As He Nonchalantly Strolls By On Walking Path
January 2017 Empire State Manufacturing Index Declined But Remains In Expansion.
After A Lackluster Outturn In 2016, Economic Activity Is Projected To Pick Up Pace In 2017 And 2018
Invading China, One Trade Dispute At A Time
Credit Market Arbitrage And Regulatory Leverage
Investing Blog
Investing.com Technical Summary 17 January 2017
Apple Takes The Wireless Headphone Market By Storm
Opinion Blog
Trump's 'Great Gambit'
More Proof The MMT's "Jobs Guarantee" Can't Work
Precious Metals Blog
Gold's 2016 Gain Indicates A 19% Surge In 2017
Live Markets
17Jan2017 Market Close: Wall Street Closes Lower As Trump Rally Looses Steam, Gold Gains, US Dollar Slips And Crude Prices Can't Hold On To Higher Numbers
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved