oil

There has been some confusion overnight whether Goldman, in a note released overnight, is calling for a new "bull market" in oil and commodities in general.

Goldman did not call for a bull market. This is what it did say.

While Goldman has long been one of the bigger bears on commodities in general, and oil in particular, earlier today, the firm's energy analyst Jefferie Currie released a note that offered a faint glimmer of hope for oil bulls. This is what he said:

   "We're gonna need a bigger Bullard"

    - overheard on a trading desk this morning.

Submitted by Nick Giambruno via InternationalMan.com,

The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better. - Ron Paul

By EconMatters

   Inventory Report

Submitted by Julianne Geiger via OilPrice.com,

As it turns out, Syria was merely a springboard for a much larger ISIS plan—replenishing terrorist coffers by taking over oil assets in war-torn Libya.

The terror group has largely taken control of the Libyan city of Sirte and its hundreds of miles of coastline, and has ransacked two key oil terminals in an attempt to wrest control from fragile Libyan officials, ISIS is banking on taking over these oil facilities, and is now reportedly recruiting its own oil and gas engineers.