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U.S. Alerts Asia to Russia’s Long-Range Bomber Patrols

U.S. Alerts Asia to Russia’s Long-Range Bomber Patrols | EconMatters | Scoop.it
The commander of U.S. air forces in the Pacific said Russia has “increased drastically” its long- range bomber patrols in northeast Asia as ties with America’s allies deteriorate over upheaval in Ukraine.
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New low rig count in North Dakota

New low rig count in North Dakota | EconMatters | Scoop.it
The number of rigs actively exploring for or producing oil and gas in North Dakota hit a new low Monday at 80, state data show.
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War Clouds Over South China Sea As U.S. Declares Right To Waters And U.S. Warship Arrives At Subic

War Clouds Over South China Sea As U.S. Declares Right To Waters And U.S. Warship Arrives At Subic | EconMatters | Scoop.it
The fear of armed conflict has risen as U.S. observation planes monitoring construction of the bases in the Spratlys, have defied Chinese demands not to violate what the Chinese see as their territorial space.
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US fuel oil inventories highest in four years on falling demand: EIA

US fuel oil inventories highest in four years on falling demand: EIA - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Russia face punishment for lack of respect to Canada

Russia face punishment for lack of respect to Canada | EconMatters | Scoop.it
MOSCOW (Reuters) - Russia will be sanctioned after their players showed a lack of respect to Canada following a 6-1 loss in the final of the world championships in Prague, the International Ice Hockey
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Oil Falls as Bearish Fundamentals Outweigh Mideast Tensions

Oil Falls as Bearish Fundamentals Outweigh Mideast Tensions | EconMatters | Scoop.it
Oil prices edged lower Monday after Saudi Arabia posted its highest level of monthly exports in nearly 10 years and an Iranian official said OPEC would likely decide to keep production steady.
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Venezuela's Inflation Rate Is 200% and Credit Card Companies Are Cashing In

Venezuela's Inflation Rate Is 200% and Credit Card Companies Are Cashing In | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Wholesale U.S. Prices Showed Broad-Based Retreat in April

Wholesale U.S. Prices Showed Broad-Based Retreat in April | EconMatters | Scoop.it
Wholesale prices in the U.S. unexpectedly declined in April from the prior month, indicating inflation is well-contained as Federal Reserve officials weigh when to raise the benchmark interest rate.
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OPEC Sees Oil Price Below $100 a Barrel in the Next Decade

OPEC Sees Oil Price Below $100 a Barrel in the Next Decade | EconMatters | Scoop.it
The Organization of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at $100 a barrel again in the next decade, a pessimistic assessment that has the group considering the return of production limits to influence the market, according to people familiar with a recent strategy report.
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Chicago Faces $2.2 Billion Bank Payout After Rating Cut to Junk

Chicago Faces $2.2 Billion Bank Payout After Rating Cut to Junk | EconMatters | Scoop.it

Chicago may have to pay banks as much as $2.2 billion after Moody’s Investors Service dropped its credit rating to junk, deepening the fiscal crisis in the third-largest U.S. city.

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For the First Time Since 2007, a Party Filibusters Its Own President

For the First Time Since 2007, a Party Filibusters Its Own President | EconMatters | Scoop.it

Once the exception, filibusters are now the norm in the Senate. But it is exceedingly rare for senators to filibuster a signature initiative by a president of their own party.

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Verizon Communications to Buy AOL for $4.4 Billion

Verizon Communications Inc. agreed to buy AOL Inc. in a deal valued at $4.4 billion, getting access to advertising technology that will help it make more money from mobile video.

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Election 2015 results LIVE: Conservatives on course for victory as SNP annihilates Labour

Election 2015 results LIVE: Conservatives on course for victory as SNP annihilates Labour | EconMatters | Scoop.it
The Tories are close to a majority, according to the exit polls, as Labour is humiliated in Scotland - follow the latest general election news and results
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Market's next concern may float in South China Sea

Market's next concern may float in South China Sea | EconMatters | Scoop.it
Military posturing and tough talk by China threatens to become the next geopolitical flashpoint for markets.
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Silk Road Mastermind Handed Life in Prison for Drug Bazaar

The man known as the Dread Pirate Roberts was sentenced to life in prison for running a $214 million online drug bazaar called Silk Road, despite pleas for leniency by the 31-year-old, his friends and family, some of whom claimed he was naive in creating the website.

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Oil Giants Band Together to Add Voice to Climate Debate

Oil Giants Band Together to Add Voice to Climate Debate | EconMatters | Scoop.it
Get fascinating news about space, health, climate, power and new scientific discoveries. Read about how global sustainability impacts the economy, climate & environment.
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Biker arrested in Waco is former San Antonio vice cop

Biker arrested in Waco is former San Antonio vice cop | EconMatters | Scoop.it
Martin Lewis, one of 170 bikers arrested after a deadly gang shootout in Waco, Texas, is a former San Antonio police detective.
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Texas governor signs law to prohibit local oil well fracking bans

HOUSTON (Reuters) - Texas Governor Greg Abbott on Mondaysigned a bill into law that prohibits cities and towns frombanning an oil drilling practice known as hydraulic fracking,giving the state sole
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Nobel Winner’s Math Is Showing S&P 500 Unhinged From Reality

Nobel Winner’s Math Is Showing S&P 500 Unhinged From Reality | EconMatters | Scoop.it

If you sold every share of every company in the U.S. and used the money to buy up all the factories, machines and inventory, you’d have some cash left over. That, in a nutshell, is the math behind a bear case on equities that says prices have outrun reality.

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Consumer Sentiment in U.S. Plunged in May by Most in Two Years

Consumer Sentiment in U.S. Plunged in May by Most in Two Years | EconMatters | Scoop.it

Consumer confidence unexpectedly fell in May by the most in more than two years as Americans’ views on the economy dimmed.

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North Dakota oil production up 12,500 barrels daily in March

North Dakota oil production up 12,500 barrels daily in March | EconMatters | Scoop.it
Western North Dakota's oil patch had a record 12,430 producing wells in March, up from 12,199 in February. 
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China Lashes Out Over U.S. Plan on South China Sea

China Lashes Out Over U.S. Plan on South China Sea | EconMatters | Scoop.it
Beijing strongly condemned on Wednesday a proposed U.S. military plan to send aircraft and Navy ships near disputed South China Sea islands to contest Chinese territorial claims over the area.
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Oil, Politics Pave Path Toward $9 Billion Default in Puerto Rico

Oil, Politics Pave Path Toward $9 Billion Default in Puerto Rico | EconMatters | Scoop.it

The Puerto Rico Electric Power Authority wasn’t destined to fall $8.6 billion in debt, putting it on the cusp of the biggest default in U.S. municipal bond history.

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Russia Was Right: Shale in Europe Has Proved a Dud

Russia Was Right: Shale in Europe Has Proved a Dud | EconMatters | Scoop.it

When Cuadrilla Resources Ltd. opened an office in Poland in 2009, it had a reason to be optimistic: the shale boom was transforming the U.S. into the world’s largest producer of natural gas. To the companies rushing to imitate that success in Europe, Poland looked like the next Texas.

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Iran Sees $75 Oil Amid Plans for Post-Sanctions Output Boost

Iran Sees $75 Oil Amid Plans for Post-Sanctions Output Boost | EconMatters | Scoop.it

Iran, OPEC’s fifth-biggest producer, sees $70-$75 per barrel as a suitable price for crude, Oil Minister Bijan Namdar Zanganeh said, as markets show signs of a partial recovery from last year’s collapse.

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