In China, the Shanghai share market broke its major psychological support at 3000. The selling pressure has continued to expand on time here in January as oil also broke its major psychological support at $30. These levels are not really important, technically speaking, but they are more important to fundamentalists. In the case of Shanghai, the […]

COMMENT: Mr Armstrong, I work in engineering and last year I was offered a position back in a major North Sea oil company. The reason I turned it down was due to your forecast that oil was going to slump. If that was the case, I thought I would duly be paid off not long […]

QUESTION: Dear Mr. Armstrong, Thank you for all your writings. I may not understand them all, but certainly appreciate what you are doing to inform those of us you care what is happening in this world economy. Question: With the dow tanking, is this considered the FALSE move you wrote about previously. That in essence […]

  When it rains, it pours. For the last 15 years there have been rumblings surrounding the possibility of creating the impulse engine in “Star Trek”. Nearly 15 years ago, British inventor Roger Shawyer proposed an EM drive that would produce thrust by using solar power to generate multiple microwaves that move back and forth within an enclosed chamber. […]

Saudi Arabia pumped a record 10.564 million barrels per day in June, showing that as prices decline, a record level of production is unfolding. Governments in the Middle East have budgets that are now in serious trouble. As oil prices decline, output is increasing beyond OPEC quotas because they need money to make up for lost revenue […]

In Dresden, Germany, Audi has for the first time managed to produce carbon-neutral fuel. They have produced a small quantity of 160 liters of synthetic diesel fuel that produces a “clean diesel quattro”. They announced, “If we succeed, CO2 broad use as a raw material, we make a significant contribution to climate protection and resource efficiency and pave […]

A major new discovery in oil was been made in Britain by Gatwick airport (as reported by BBC). They appear to have discover about 100 billion barrels of oil ONSHORE in Britain. The North Sea Oil has produced 45 billion barrels in the past 40 years. This may be significant for Britain. While an annual […]

The argument that there was a conspiracy between the USA and Saudi Arabia to lower the price of oil to hurt Russia is proving to be a bunch of nonsense.The Saudi-led OPEC decision of Nov. 27, 2014 to maintain output levels and protect its market share is having a profound impact in the oil industry. […]

Our original forecast for oil back in 1997 was that it should rise to reach the $100 level at least by 2007. We reached $99.29 in 2007 and then 2008 was a wild trading year reaching $147.27 intraday crashing back to $35.13 and closing the year at $44.60. Oil made the intraday low in 2009 […]

  Crude oil has collapsed under $65 to a new five-year low on predictions that oversupply would keep building until 2015. Indeed, We are preparing a special report on Energy. Some people have assumed this is a covert manipulation to bankrupt Russia. This is not true. We are in the last throes of the collapse […]