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Joshua Frank – Are the Fracking Vampires Going Bust?

I’m a vampire, baby, suckin’ blood from the earth. Well, I’m a vampire, babe, sell you twenty barrels worth. -Neil Young (Vampire Blues) Oil is crashing, and gas prices at the pump keep sliding lower and lower. As of October 2015, a barrel of Brent crude (the global standard) is selling for less than $50, that’s nearly half of what a barrel …

Shell

OIL AND GASOLINE PRICES COULD DOUBLE BY THE FALL, SAYS EX-SHELL CEO

Enjoying those prices at the pump? You might not want to get used to them. A former top oil executive says the price of gas at the pump could double by the end of the year. In an interview with CNBC, former Shell Oil President John Hofmeister predicts that U.S. oil could skyrocket from the current levels under $48 a …