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According to Oilprice.com, "As fracking scrutiny snowballs with California's stringent new regulations set to take effect in July and a successful anti-fracking referendum earlier this month in Denton, Texas, the E&P industry is eyeing new technology that foregoes toxic chemicals and harnesses plasma pulses reminiscent of science fiction weaponry.
Indeed, Plasma Pulse Technology (PPT) from Propell Technologies, Inc. (PROP) is a weapon of sorts-one that could bridge the divide between oil and gas producers on one hand and environmentalists and regular citizens who are concerned that the toxic chemicals used in the process will pollute groundwater."
John Huemoeller II, CEO, has been advised by a major California oil field operator that it's 4th quarter 2014 well treatments produced a significant and sustained increase in injection capacity. Propell was also advised by the customer of plans for further treatments in 2015.
According to OilPrice.com, "The North American oil boom, and the lessons learned along the way, will now render plasma-pulse technology a must have as the industry is forced to..... Read More: http://www.nbtequitiesresearch.com/report/oilpricecom-article-names-propell-prop-plasma-pulse-technology-overnight-sensation
Propell Technologies Group, Inc. (PROP)
-OTC BB- Propell Technologies Group, Inc Announces Positive Results from Treatments of Major Operator's California Injector WellsGlobeNewswire(Mon, Nov 24)
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| Float: | 143.25M |
There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months.
Well, now it is happening again, but this time the stakes are even higher. When the price of oil falls dramatically, that is a sign that economic activity is slowing down. It can also have a tremendously destabilizing affect on financial markets.
As you will read about below,
So if you are looking for a "canary in the coal mine", keep your eye on the
It would be difficult to overstate the importance of the shale
Yes, the U.S. now actually produces more oil than either Saudi Arabia or Russia. This "revolution" has resulted in the creation of millions of
Unfortunately, the shale oil boom is coming to an abrupt end. As a recent Vox article discussed, OPEC has essentially declared a price war on U.S. shale oil producers…
For all intents and purposes, OPEC is now engaged in a "price war" with the United States. What that means is that it's very cheap to pump oil out of places like Saudi Arabia and Kuwait. But it's more expensive to extract oil from shale formations in places like Texas and North Dakota. So as the price of oil keeps falling, some US producers may become unprofitable and go out of business. The result? Oil prices will stabilize and OPEC maintains its market share.
If the price of oil stays at this level or continues falling, we will see a significant number of U.S. shale oil companies go out of
Robert McNally, a White House adviser to former President George W. Bush and president of the Rapidan Group energy consultancy, told Reuters that Saudi Arabia "will accept a price decline necessary to sweat whatever supply cuts are needed to balance the market out of the US shale oil sector." Even legendary oil man T. Boone Pickens believes Saudi Arabia is in a stand-off with US drillers and frackers to "see how the shale boys are going to stand up to a cheaper price."
This has happened once before. By the mid-1980's, as oil output from Alaska's North Slope and the North Sea came on line (combined production of around 5-6 million barrels a day), OPEC set off a price war to compete for market share. As a result, the price of oil sank from around $40 to just under $10 a barrel by 1986.
But the energy sector has been one of the only bright spots for the U.S. economy in recent years. If this sector starts collapsing, it is going to have a dramatic negative impact on our economic outlook. For example, just consider the following numbers from a recent Business Insider article…
Specifically, if prices get too low, then energy companies won't be able to cover the cost of production in the US. This spending by energy companies, also known as capital expenditures, is responsible for a lot of jobs.
"The Energy sector accounts for roughly one-third of S&P 500 capex and nearly 25% of combined capex and R&D spending," Goldman Sachs' Amanda Sneider writes.
Even more troubling is what this could mean for the financial markets.
As I mentioned above, energy companies now account for close to 20 percent of the entire junk bond market. As those companies start to fail and those bonds start to go bad, that is going to hit our major banks really hard…
Everyone could suffer if the collapse triggers a wave of defaults through the high-yield debt market, and in turn, hits stocks. The first to fall: the banks that were last hit by the housing crisis.
Why could that happen?
Well, energy companies make up anywhere from 15 to 20 percent of all U.S. junk debt, according to various sources.
It would be hard to overstate the seriousness of what the markets could potentially be facing.
One analyst summed it up to CNBC this way…
"This is the one thing I've seen over and over again," said Larry McDonald, head of U.S strategy at Newedge USA's macro group. "When high yield underperforms equity, a major credit event occurs. It's the canary in the coal mine."
The last time
And those that were hardest hit were the big Wall Street banks…
During the last high-yield collapse, which centered around debt tied to the housing sector, Citigroup lost 63 percent of its value in the following 60 days, Kensho shows. Bank of America was cut in half.
I understand that some of this information is too technical for a lot of people, but the bottom line is this…
Watch junk bonds. When they start crashing it is a sign that a major stock market collapse is right at the door.
At this point, even the mainstream media is warning about this. Just consider the following excerpt from a recent CNN article…
That swing away from junk bonds often happens shortly before stock market downturns.
"High yield does provide useful sell signals to equity investors," Barclays analysts concluded in a recent report.
Barclays combed through the past dozen years of data. The warning signal they found is a 30% or greater increase in the spread between Treasuries and junk bonds before a dip.
If you have been waiting for the next major financial collapse, what you have just read in this article indicates that it is now closer than it has ever been.
Over the coming weeks, keep your eye on the price of oil, keep your eye on the junk bond market and keep your eye on the big banks.
Trouble is brewing, and nobody is quite sure exactly what comes next.…
Posted: 12/10/2014 2:36 pm EST Updated: 12/10/2014 10:59 pm EST
States with legal hemp cultivation and medical marijuana programs just got historic support from Congress.
Included in the federal spending bill released late Tuesday are amendments that prohibit the Department of Justice from using funds to go after state medical marijuana operations and that block the Drug Enforcement Administration from using funds to interfere in state-legal industrial hemp research.
"The enactment of this legislation will mark the first time in decades that the federal government has curtailed its oppressive prohibition of marijuana and has instead taken an approach to respect the many states that have permitted the use of medical marijuana to some degree," Rep. Dana Rohrabacher (R-Calif.), who in May introduced the medical marijuana protections amendment with co-sponsor Rep. Sam Farr (D-Calif.), told The Huffington Post Wednesday.
"This is a victory for so many, including scores of our wounded veterans, who have found marijuana to be an important medicine for some of the ailments they suffer, such as PTSD, epilepsy and MS," Rohrabacher added.
If passed, the bill would protect medical marijuana programs in the 23 states that have legalized marijuana for medical purposes, as well as 11 additional states that have legalized CBD oils, a non-psychoactive ingredient in marijuana that may be therapeutically beneficial in severe cases of epilepsy.
A number of studies in recent years have shown the medical potential of cannabis. Purified forms may attack some forms of aggressive cancer. Marijuana use also has been tied to better blood sugar control and may help slow the spread of HIV.
Still, under the Obama administration, the DEA and several U.S. attorneys have raided marijuana dispensaries that complied with state laws. The DEA still classifies marijuana as a Schedule I substance with "no currently accepted medical use."
But marijuana's "sober cousin," hemp, also received protections in the spending bill. Hemp is the same plant species as marijuana -- cannabis sativa -- but it contains little to no THC, the psychoactive ingredient in marijuana associated with the "high" sensation. The farm bill, which President Barack Obama signed into law in February, legalized industrial hemp production in states that permit it.
Eighteen states have legalized industrial hemp production, and more than a dozen others have introduced legislation that would authorize research, set up a regulatory framework or legalize the growing of industrial hemp.
The spending bill represents a last-minute effort by Congress to prevent a government shutdown after funding expires Thursday, and the medical marijuana and hemp sections are two of several political issues addressed in the omnibus bill.
"For the first time, Congress is letting states set their own medical marijuana and hemp policies, a huge step forward for sensible drug policy," said Bill Piper, director of national affairs for the Drug Policy Alliance. "States will continue to reform their marijuana laws and Congress will be forced to accommodate them. It's not a question of if, but when, federal marijuana prohibition will be repealed."
But it wasn't all victories for marijuana in the omnibus bill. The legalization of recreational marijuana in Washington, D.C., appears to be blocked. However, some have taken issue with the language used in the bill's marijuana rider, and argue that the measure, passed by 70 percent of District voters, should be able to stand on a technicality.
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