Oil Price Cascades Ripples Through Global Economy ( December 4- 5 , 2014 ) - News of the Day focusing on impacts of falling oil prices ( and Ukraine politics hitting EU and benefitting Turkey as Russia cancels South Stream pipeline ) .......... Venezuela , Russia , Saudis , Turkey and GCC Nations , US by way of Shale Oil in focus ............

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DAILY SABAH ‏@DailySabah  13m

13 minutes ago

#Russian switch to #Turkey forces #EU to reconsider pipeline stance http://ow.ly/FomhH 

zerohedge @zerohedge · 26m26 minutes ago

Could Falling Oil Prices Spark A Financial Crisis? http://www.zerohedge.com/news/2014-12-04/could-falling-oil-prices-spark-financial-crisis …

 zerohedge

Could Falling Oil Prices Spark A Financial Crisis?

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of...

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zerohedge @zerohedge · 2h2 hours ago

Here Is Oil's Next Leg Down http://www.zerohedge.com/news/2014-12-04/here-oils-next-leg-down …

 zerohedge

Here Is Oil's Next Leg Down

Perhaps those sub-$50 Bakken prices tell us pretty much where global prices are ahead. And then we’ll take it from there. With 1.8 million barrels “that nobody needs” added to the shale industries...

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zerohedge @zerohedge · 6h6 hours ago

Venezuela "Boosts" Reserves With Rocks, Other "Easily Converted To Cash" Stuff; Suffers Major Blackout http://www.zerohedge.com/news/2014-12-04/venezuela-boosts-reserves-rocks-other-easily-converted-cash-stuff-suffers-major-blac …

 zerohedge

Venezuela "Boosts" Reserves With Rocks, Other "Easily Converted To...

With its bonds trading at 50% of face value, CDS implying an 84% chance of default, a black-market FX rate that signals massive devaluation is likely, and a teetering-on-the-brink of social unrest...

zerohedge @zerohedge · 10h10 hours ago

BANK OF RUSSIA TO INVESTIGATE ANY SIGNS OF FX MANIPULATION. Talk to Barclays, HSBC, RBS, Citi and UBS

zerohedge @zerohedge · 10h10 hours ago

Shale Liquidations Begin? Sub-$50 Oil Appears In North Dakota http://www.zerohedge.com/news/2014-12-04/shale-liquidations-begin-sub-50-oil-appears-north-dakota …

SoberLook.com @SoberLook · 9h9 hours ago

Oil futures slide on Saudi price cut to U.S. http://on.wsj.com/1vPPzzZ 

 Wall Street Journal

Oil Futures Slide on Saudi Price Cut to U.S.

By Summer Said @summer_said

The global oil benchmark slid to a fresh more-than-four-year low Thursday after Saudi Arabia cut the price of its oil in the U.S., reinforcing concerns that the kingdom is more concerned with...

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SoberLook.com @SoberLook · 8h8 hours ago

Chart: The Russian currency continues to deteriorate -