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...In 1975, the United States banned the export of US crude oil due to a domestic shortage. In 2016, the US plans to lift the ban. Why? It feels the domestic and global markets are oversupplied. The lifting of the oil export ban means US producers will get higher prices in the global oil market due to higher global benchmark crude oil prices.
http://finance.yahoo.com/news/us-producers-react-possible-lifting-150657128.html;_ylt=AwrSbm2EE3JW9CcAA8RXNyoA;_ylu=X3oDMTExbGtvMmJiBGNvbG8DZ3ExBHBvcwMxBHZ0aWQDVUlDMV8xBHNlYwNzYw--
GLTU
Gas Export Ban News
US Producers React to Possible Lifting of US Crude Oil Export Ban
Market Realist via Yahoo! Finance11 hours ago
America's 40-year oil export ban may soon be lifted
CNN Money1 day ago
End of US Crude Oil Export Ban: Impact on US Crude Oil Producers
Market Realist via Yahoo! Finance1 day ago
More Gas Export Ban Headlines
.
Lift Gas Export Ban to Reduce Flaring | bakken.com
bakken.com/news/id/73944/lift-gas-export-ban...
There’s a big push to reduce North Dakota flaring, but it needs some help from Congress. Yesterday the North Dakota Petroleum Council, which represents most of the ...
http://search.yahoo.com/search;_ylt=A0SO8xw4E3JWuL4AlutXNyoA;_ylu=X3oDMTE1dm5rY3F2BGNvbG8DZ3ExBHBvcwMxBHZ0aWQDVUlDMV8xBHNlYwNmaWx0ZXI-?p=gas+exprt+ban&ei=UTF-8&fr2=time&age=1w&btf=w&b=_UNSET_&pz=_UNSET_&pstart=_UNSET_&fr=ush-mail
‘Sanction Spiral’: Russian Natural Gas Exports to Europe Soar
by Wolf Richter • September 25, 2015
...During the first three months this year, the price averaged $9.36 per Million British Thermal Units (MMBtu). Then they began to decline. By August, prices had plunged nearly 30% to $6.66 /MMBtu, the lowest since 2009.
OK, those low prices might still look paradisiacal to US shale gas drillers. On the NYMEX, natural gas currently trades for $2.62/MMBtu. In hubs where production from the Marcellus – the largest natural gas producing region in the US – is sold, such as at Tennessee’s Zone 4 Marcellus hub, prices are barely above $1/MMBtu.
http://wolfstreet.com/2015/09/25/sanction-spiral-russian-natural-gas-exports-to-europe-soar/
Gas Export Ban News
US Producers React to Possible Lifting of US Crude Oil Export Ban
Market Realist via Yahoo! Finance11 hours ago
America's 40-year oil export ban may soon be lifted
CNN Money1 day ago
End of US Crude Oil Export Ban: Impact on US Crude Oil Producers
Market Realist via Yahoo! Finance1 day ago
More Gas Export Ban Headlines
.
Lift Gas Export Ban to Reduce Flaring | bakken.com
bakken.com/news/id/73944/lift-gas-export-ban...
There’s a big push to reduce North Dakota flaring, but it needs some help from Congress. Yesterday the North Dakota Petroleum Council, which represents most of the ...
http://search.yahoo.com/search;_ylt=A0SO8xw4E3JWuL4AlutXNyoA;_ylu=X3oDMTE1dm5rY3F2BGNvbG8DZ3ExBHBvcwMxBHZ0aWQDVUlDMV8xBHNlYwNmaWx0ZXI-?p=gas+exprt+ban&ei=UTF-8&fr2=time&age=1w&btf=w&b=_UNSET_&pz=_UNSET_&pstart=_UNSET_&fr=ush-mail
Volatility Spikes 63%. What Happens Next?
http://thefatpitch.tumblr.com/post/135118031821/volatility-spikes-63-what-happens-next
Third Avenue Junk Fund Blowup Exposes Risks of Unsellable Assets
High-Yield Hedge Fund Stone Lion Stops Fund Redemptions
Dow Plunges 309.54 as Rout in Crude Oil Prices Hammers Stock Market
http://www.newsmax.com/Finance/
The US E&P sector could be on the cusp of massive defaults and bankruptcies so staggering they pose a serious threat to the US economy
...the sector grapples with some $200 billion-plus in high-yield debt,
"On The Cusp Of A Staggering Default Wave": Energy Intelligence Issues Apocalyptic Warning For The Energy Sector
11/27/2015
http://www.zerohedge.com/news/2015-11-27/cusp-staggering-default-wave-energy-intelligence-issues-apocalyptic-warning-energy-s
...We are plunging into a deflationary financial crisis in textbook fashion. And if the Federal Reserve actually does decide to go ahead with an interest rate hike next week that is just going to make things even worse.
The Global Commodity Crash Tells Us That A Major Deflationary Financial Crisis Is Imminent
http://theeconomiccollapseblog.com/archives/the-global-commodity-crash-tells-us-that-a-major-deflationary-financial-crisis-is-imminent
BULL INFLATION IS WINDING DOWN...
...First, keeping interest rates too low for too long can cause high inflation. So far in this economic cycle, that has not happened,
Here's how a Fed rate hike could impact your finances in 2016
Jay Jenkins, The Motley Fool
http://www.businessinsider.com/heres-how-a-fed-rate-hike-could-impact-your-finances-in-2016-2015-12
(TVIX) Volume: 57,127,106
8.73 2.0 (29.72%)
Volume: 57,127,106 @ 7:59:53 PM ET
Economic Calendar Wednesday Dec 16
PMI Manufacturing Index Flash
C9:45 AM ET
EIA Petroleum Status Report
10:30 AM ET
FOMC Meeting Announcement
2:00 PM ET
The first rate hike of the recovery is expected for the FOMC meeting announcement at 2:00 p.m. ET, lifting the fed funds rate to 0.375 percent from a range of zero to 0.25 percent. The assessments of the labor market and of inflation will be closely watched, with the former having improved but the latter remaining soft. FOMC forecasts will also be posted along with the announcement, shortly followed by the Fed Chair press conference.
http://www.nasdaq.com/markets/us-economic-calendar.aspx
FOMC Consensus Forecast for Dec. 15 Policy Vote on Fed Funds Target: to 0.375 percent from a range of zero to 0.25 percent
FOMC Forecasts
2:00 PM ET
Fed Chair Press Conference
2:30 PM ET
http://www.nasdaq.com/markets/us-economic-calendar.aspx
Tuesday Dec 15
FOMC Meeting Begins
Redbook
8:55 AM ET
http://www.nasdaq.com/markets/us-economic-calendar.aspx
JNK Support Obliterated...
http://www.321gold.com/editorials/sfs/hubbartt121115/jnk.png
Why the junk bond selloff is getting very scary
•5 things that show the junk-bond market is in big trouble
http://www.marketwatch.com/story/why-the-junk-bond-selloff-is-getting-very-scary-2015-12-11
•High-yield debt fund blocks investors from withdrawing funds
Fri Dec 11, 2015
CBOE VOLATILITY INDEX ENDS UP 26.1 PCT AT 24.39, HIGHEST CLOSE SINCE SEPT 30
http://www.reuters.com/article/cboe-volatility-index-ends-up-261-pct-at-idUSZXN0RM62I20151211#DSCVpgbmDivo29A4.99
Truck Rates Plunge; What About Actual Shipping Volumes? Strong Case for Pending Recession
Read more at http://globaleconomicanalysis.blogspot.com/2015/12/truck-rates-plunge-what-about-actual.html#pqtyF1d4YSJbbKKT.99
BofA ML Hi Yield Bond (CCC Or Below) Index Soars To Highest Effective Yield since Early 2012
https://confoundedinterest.wordpress.com/2015/12/09/bofa-ml-hi-yield-bond-index-soars-to-highest-effective-yield-since-early-2012/
Guess What Happened The Last Time Junk Bonds Started Crashing Like This? Hint: Think 2008
...The extreme carnage that we are witnessing in the junk bond market right now is one of the clearest signals yet that a major U.S. stock market crash is imminent.
...On Tuesday, high yield bonds had their worst day in three months,
...Dow Transports are in reverse. Down over 3% today, the biggest drop since the Black Monday collapse,
http://seekingalpha.com/article/3743226-guess-what-happened-the-last-time-junk-bonds-started-crashing-like-this-hint-think-2008
“Distress” in US Corporate Debt Spikes to 2009 Level
December 2, 2015
Investors bloodied as the Credit Bubble implodes at the bottom
Standard & Poor’s “distress ratio” for bonds, which started rising a year ago, reached 20.1% by the end of November, up from 19.1% in October. It was its worst level since September 2009.
It engulfed 228 companies at the end of November, with $180 billion of distressed debt, up from 225 companies in October with $166 billion of distressed debt, S&P Capital IQ reported.
...The oil-and-gas sector accounted for 37% of the total distressed debt and sported the second-highest sector distress ratio of 50.4%.
...The metals, mining, and steel sector has the second largest number of distressed issues and sports the highest sector distress ratio (72.4%),
...At the lowest end of the junk bond spectrum – rated CCC or lower – the bottom is now falling out. Yields are spiking, having more than doubled from 8% in June 2014 to 16.6% now, the highest since August 2009:
http://wolfstreet.com/2015/12/02/distress-in-corporate-debt-spikes-to-september-2009-level/
The Fed is About to Trigger a $9 Trillion Debt Implosion
http://www.marketoracle.co.uk/Article53250.html
...There are over $9 trillion in borrowed US Dollars sloshing around the financial system. And much of it is parked in assets that are denominated in emerging market currencies (the very currencies that have imploded as the US Dollar rallied).
This is the US Dollar carry trade… and it is larger in scope that the economies of Germany and Japan
...Now, the Fed is talking of raising interest rates. Even a symbolic rate hike to 0.3% or 0.5% could trigger a complete implosion of the $9 trillion US Dollar carry trade.
If you think this is just fear mongering, you’re mistaken. The Treasury Dept. issued emergency kits to employees a few months ago in anticipation of systemic volatility during the rate hike. Similarly, the Fed boosted the size of its market operations department in Chicago case the NY Fed loses control of the system when rates increase.
In short, we could very well be on the eve of another systemic crisis
?????....FOOD FOR THOUGHT....CAN ANYONE CHIME IN THIS THEORY...???
Beware The "Massive Stop Loss" - JPM's Head Quant Warns This Unexpected Downside Catalyst Looms Next Week
"There are $1.1 trillion of S&P 500 options expiring on Friday morning. $670Bn of these are puts, of which $215Bn are struck relatively close below the market level, between 1900 and 2050. At the time of the Fed announcement, these put options will essentially look like a massive stop loss order under the market. This important event falls at a peculiar time—less than 48 hours before the largest option expiry in many years. "
http://www.zerohedge.com/news/2015-12-07/beware-massive-stop-loss-jpms-head-quant-warns-unexpected-downside-catalyst-looms-ne
Traders Buy Bonds & Guns, Dump Stocks & Credit As Crude Crashes To 7-Year Lows
Submitted by Tyler Durden on 12/07/2015 - 17:30
...But the present Sunni-Shia conflicts setting Saudi Arabia and Iran at each other's throats, particularly in Syria and Yemen, make the relationship between the two OPEC powers even more fraught.
"The fact that Iranian-backed Houthi militants are squaring off against Saudi-led troops in Yemen is not helpful, as increased Iranian oil revenues are likely to find their way to Iranian military interests in Yemen, Iraq, and Syria," Aberdeen Asset Management's investment strategist Robert Minter said.
The Middle East's 2 great powers are heading for a showdown over oil prices
http://www.businessinsider.com/r-saudi-iran-rivalry-sets-scene-for-opec-showdown-over-output-2015-12
BOND MARKET WARNING: 'People are going to be carried out on stretchers'
http://www.businessinsider.com/bank-for-international-settlements-warning-about-fed-rate-hikes-2015-12
BIS Warns The Fed Rate Hike May Unleash The Biggest Dollar Margin Call In History
http://www.zerohedge.com/news/2015-12-06/bis-warns-fed-rate-hike-may-unleash-biggest-dollar-margin-call-history
Crude Carnage Continues - WTI Tumbles To $38 Handle
U.S. Two-Year Yields Approach 2010 High as Rates Liftoff Nears
Two-year U.S. Treasuries declined, pushing yields toward the highest since 2010, before a speech by St. Louis Federal Reserve Bank President James Bullard and as investors prepared for policy makers to raise interest rates next week.
http://www.bloomberg.com/news/articles/2015-12-07/u-s-two-year-yields-approach-2010-high-as-rates-liftoff-nears
Paralysed Opec pleads for allies as oil price crumbles
http://www.telegraph.co.uk/finance/economics/12033696/Paralysed-Opec-pleads-for-allies-as-oil-price-crumbles.html
...Prices are poised to test lows last seen at the depths of the financial crisis in early 2009. The shares of oil companies plummeted in London, and US shale drillers went into freefall on Wall Street.
...Foreign companies are owed billions and have begun to freeze projects. The government cannot afford to pay its own security forces and is cutting vital funding for anti-ISIS militias, raising fears that the political crisis could spin out of control.
...Deutsche Bank said the fiscal break-even cost needed to balance the budget is roughly $120 for Bahrain, $100 for Saudi Arabia, $90 for Nigeria and Venezuela, and $80 for Russia, based on current exchange rate effects
....This sets the stage for a violent spike in prices down the road
I WONDER JUST HOW MUCH EXPOSURE DEUTSCHE BANK HAS TO THE OIL MARKETS????
MAYBE ENOUGH, TO TAKE IT DOWN ???
Paralysed Opec pleads for allies as oil price crumbles
http://www.telegraph.co.uk/finance/economics/12033696/Paralysed-Opec-pleads-for-allies-as-oil-price-crumbles.html
...Prices are poised to test lows last seen at the depths of the financial crisis in early 2009. The shares of oil companies plummeted in London, and US shale drillers went into freefall on Wall Street.
...Foreign companies are owed billions and have begun to freeze projects. The government cannot afford to pay its own security forces and is cutting vital funding for anti-ISIS militias, raising fears that the political crisis could spin out of control.
...Deutsche Bank said the fiscal break-even cost needed to balance the budget is roughly $120 for Bahrain, $100 for Saudi Arabia, $90 for Nigeria and Venezuela, and $80 for Russia, based on current exchange rate effects
....This sets the stage for a violent spike in prices down the road
Bonds Tumble by $270 Billion as Draghi, Yellen Batter Markets
December 3, 2015
http://www.bloomberg.com/news/articles/2015-12-04/bonds-tumble-by-270-billion-as-draghi-yellen-batter-markets
...U.S. bond value falls by $162.5b Thursday, Europe's by $107.5b
...Bonds sold off on Thursday even as U.S. stocks declined, with the Standard & Poor’s 500 Index posting its biggest loss since Sept. 28,
...The benchmark U.S. 10-year note yield jumped 13 basis points on Thursday, the most since Feb. 6. It fell two basis points on Friday to 2.30 percent
...Germany’s 10-year bund yield surged 20 basis points on Thursday to 0.67 percent. The two-year yield climbed 13 basis points to minus 0.31 percent after dropping to minus 0.454 percent before the ECB decision, the lowest level since Bloomberg began compiling data in 1990.
Did Something Blow Up in Junk?
...the CCC index actually surged Monday to 16.61% and was reported again yesterday at 16.60% begins to indicate this was an actual trading outcome.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/11/Citigroup-December-2014-Junk-Collapse-BofAML-CCC.jpg
Article...
http://www.zerohedge.com/news/2015-12-02/did-something-blow-junk
What ‘aggressive’ ECB easing on Thursday might look like
http://www.marketwatch.com/story/why-aggressive-ecb-easing-on-thursday-now-looks-like-a-done-deal-2015-12-02
US Equities: Bye-Bye Buybacks
http://www.financialsense.com/contributors/bca-research/u-s-equities-bye-bye-buybacks
Opinion: As Fed hikes and ECB eases, markets could get wild,
Federal Reserve Board Chairwoman Janet Yellen could rock markets with a rate hike later this month.
WASHINGTON (Project Syndicate) — Over the next few weeks, the U.S. Federal Reserve and the European Central Bank are likely to put in place notably different policies. The Fed is set to raise interest rates for the first time in almost 10 years. Meanwhile, the ECB is expected to introduce additional unconventional measures to drive rates in the opposite direction, even if that means putting further downward pressure on some government bonds that are already trading at negative nominal yields.
...sharp movements in interest rates and exchange rates can cause volatility in other markets, most notably for equities
http://www.marketwatch.com/story/as-fed-hikes-and-ecb-eases-markets-could-get-wild-el-erian-says-2015-12-02?dist=lcountdown
If history is a guide, dollar will drop after Fed hike
http://finance.yahoo.com/news/history-guide-dollar-drop-fed-151325381.html?l=1
This Graphic shows the change in the dollar index before and after rate increases:
http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=2015-12-02T100010Z_GFXEBC20RSAOU_1_RTRGFXG_BASEIMAGE.htm
Short-term Treasury yields hit 5½-year high as strong ADP points to rate hike
Short-term Treasury yields hit 5½-year highs Wednesday after a strong private-sector employment report was taken by investors as an indication that the Federal Reserve is closer to raising interest rates in mid-December for the first time in nearly a decade.
...Fed chief Janet Yellen is due to speak about the economic outlook at 12:25 p.m. Eastern. Yellen, who is also due to testify before a congressional panel on Thursday,
http://www.marketwatch.com/story/short-term-treasury-yields-hit-512-year-high-as-strong-adp-points-to-rate-hike-2015-12-02?siteid=rss&rss=1
...The benchmark 10-year note yield rose four basis points, or 0.04 percentage point, to 2.19 percent...
http://www.bloomberg.com/news/articles/2015-12-02/treasury-note-yields-rise-from-one-month-low-on-jobs-lockhart
S&P 500
2100.16-0.12%c 10:33AM EST
TVIX
5.37
Undeterred By Global Glut, US Pushes Ahead On LNG Exports
by Oilprice.com • December 1, 2015
http://wolfstreet.com/2015/12/01/undeterred-by-global-glut-us-pushes-ahead-on-lng-exports/
Undeterred By Global Glut, US Pushes Ahead On LNG Exports
by Oilprice.com • December 1, 2015
http://wolfstreet.com/2015/12/01/undeterred-by-global-glut-us-pushes-ahead-on-lng-exports/
Yellen, in back-to-back appearances, could close out era of zero rates
Read more at Reutershttp://www.reuters.com/article/2015/12/02/us-usa-fed-yellen-idUSKBN0TL0CN20151202#7bDtTCBEmeXsq7hT.99
Federal Reserve Chair Janet Yellen could cement the case for a U.S. interest rate hike ahead of the Fed's Dec. 15-16 policy meeting, with public appearances over the next two days at a high-profile economics group and before a joint committee of Congress.
"APPLE RUSH brand is now being bottled in Florida and will be one of the RushNet's premier brands after the new domicile in Delaware is completed."
https://finance.yahoo.com/q/h?s=RSHN
Thursday could be the big day of the week as Fed Chair Yellen testifies before the Joint Economic Committee of Congress which will likely give the final signal to the financial markets over the Fed’s rate hike intentions at the December 15-16 FOMC meeting
It's jobs week in America — Here's your preview of this week's big market-moving events
http://finance.yahoo.com/news/jobs-week-america-heres-preview-115900775.html
Fed Adopts Rule Restricting Its Emergency Lending Powers
http://www.wsj.com/articles/fed-set-to-adopt-final-emergency-lending-rule-1448889633?mod=pls_whats_news_us_business_f
Russia Bombs 1,000 ISIS Oil Tankers As France Launches First Carrier Strikes Against "Evil Death Cult"
...Moscow's warplanes have destroyed 1,000 tankers carrying "stolen crude" to refineries in the last five days alone. The Kremlin is also targeting depots and refineries near Raqqa,
http://www.zerohedge.com/news/2015-11-23/russia-bombs-1000-isis-oil-tankers-france-launches-first-carrier-strikes-against-evi
Russia Bombs 1,000 ISIS Oil Tankers As France Launches First Carrier Strikes Against "Evil Death Cult"
...Moscow's warplanes have destroyed 1,000 tankers carrying "stolen crude" to refineries in the last five days alone. The Kremlin is also targeting depots and refineries near Raqqa,
http://www.zerohedge.com/news/2015-11-23/russia-bombs-1000-isis-oil-tankers-france-launches-first-carrier-strikes-against-evi
?!?!? Fed to meet on Dodd-Frank emergency lending changes on Nov. 30
http://www.reuters.com/article/2015/11/23/usa-fed-lending-idUSW1N12603P20151123
The Rate Hike From a History Perspective
http://www.smarteranalyst.com/2015/11/22/the-rate-hike-from-a-history-perspective/
SAUDI..“A de-peg of the Saudi riyal is our number one ‘black-swan’ event for oil in 2016,” he said.
Bank of America warned that a break-down of the Saudi dollar-peg would send the riyal tumbling, with major knock-on effects. “Oil could collapse to $25,” it said in a client note.
http://www.telegraph.co.uk/finance/12007991/Speculators-test-Saudi-currency-as-oil-crisis-deepens.html