Yahoo News - Top Stories
last updated: Tue, 03 Mar 2015 13:25:18 -0500

Emails latest knock to Clinton presidential bid

Former US Secretary of State Hillary Clinton speaks at Georgetown University in Washington, DC, December 3, 2014Hillary Clinton's 2016 presidential campaign has not officially begun, but suggestions she may have violated federal records laws are the latest kink in her nascent White House bid. Reports that Clinton used only personal email accounts when Secretary of State have left her exposed to legal challenges and potentially more consequential allegations of evasiveness and political plotting. Amid suggestions Clinton may have breached the Federal Records Act -- which calls for official correspondence to be retained -- Clinton allies are fighting a rearguard action.


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15 Most Stressful Jobs in the World

Everyone has a bad day at work now and then. But if you have one of these 15 Most Stressful Jobs in the World, even one bad day can get you or someone else killed. From EMT to Coal Miner to Ice Road Trucker, these are the jobs that will keep you up at nights!


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Herald Sun | Breaking News
last updated: Tue, 03 Mar 2015 16:07:07 GMT

UK officials may be accountable for abuse
BRITISH Prime Minister David Cameron has warned of sexual abuse on an "industrial scale" in the country.

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Yahoo News - Latest News & Headlines
last updated: Tue, 03 Mar 2015 13:20:33 -0500

Israel's Netanyahu warns U.S. against Iran nuclear deal

Israel's PM Netanyahu addresses the American Israel Public Affairs Committee (AIPAC) policy conference in WashingtonThe Israeli PM says the deal 'will all but guarantee that Iran will get those nuclear weapons.'


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Yahoo News - Latest News & Headlines
last updated: Tue, 03 Mar 2015 00:25:21 -0500

Israel's Netanyahu warns U.S. against Iran nuclear deal

Israel's PM Netanyahu addresses the American Israel Public Affairs Committee (AIPAC) policy conference in WashingtonThe Israeli PM says the deal 'will all but guarantee that Iran will get those nuclear weapons.'


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Yahoo News - Latest News & Headlines
last updated: Tue, 03 Mar 2015 09:08:42 -0500

Israel's Netanyahu warns U.S. against Iran nuclear deal

Israel's PM Netanyahu addresses the American Israel Public Affairs Committee (AIPAC) policy conference in WashingtonThe Israeli PM says the deal 'will all but guarantee that Iran will get those nuclear weapons.'


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Herald Sun | Top Stories
last updated: Tue, 03 Mar 2015 08:31:00 GMT

Bazza’s desperate bid to save marriage
BARRY Hall says he nearly walked out of the I’m A Celebrity show in the South African jungle in a last-ditch attempt to save his marriage.

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Murdered mum was counting down to new bub
KRIS-DEANN Sharpley was excited about becoming a mum for the second time and had carefully chosen a name for her little girl.

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Sacked Labor runner returns
A FORMER ALP candidate who was forced to resign over accusations of “inappropriate” behaviour has landed a job with a state-owned corporation, that involves dealing with the very Government he was asked to leave.

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Judge: I’m stuck because you’re an idiot
A DRIVER who sped from police has been let off without a penalty, with the magistrate’s reason leaving police stunned ... and leaving the judge herself questioning if she would lose her job over it.

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Slain boy found tucked up in bed
A LITTLE boy slain in a suspected murder-suicide was found by his aunty still tucked into bed. The accused killer, his grandad, told friends he lived for his family.

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Bali Nine duo in final days of life
ANDREW Chan and Myuran Sukumaran are now in their final days after it was confirmed they would be transferred to death island today.

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Bazza’s desperate bid to save marriage
BARRY Hall says he nearly walked out of the I’m A Celebrity show in the South African jungle in a last-ditch attempt to save his marriage.

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Long wait ahead for hail, cyclone repairs
IF you’re a hail-struck Brisbane home or car owner still awaiting insurance repairs, you’re not alone. And your wait could be far from over.

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Craps, did I say ‘issues’?
PREMIER Annastacia Palaszczuk has cast doubt over Brisbane’s casino project, with business groups saying her refusal to outline the “issues” she asked her Government to investigate could damage confidence.

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#BroncosLIVE: Follow the action with us
WELCOME to a bold new world of NRL and Brisbane Broncos coverage. It’s called #BroncosLIVE and it will take you to the heart of the action.

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Murdered teen’s ‘hacked body found’
POLICE searching for missing Bristol teen Becky Watts have found body parts and arrested five more people after being tipped off she was cut up.

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Benny’s bolter to take on Rabbitohs
BRONCOS bolter Aaron Whitchurch has overcome two years of heartache and an ugly contract spat to help launch Wayne Bennett’s new era at Brisbane.

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Digg Top Stories
last updated: Tue, 03 Mar 2015 14:30:31 +0000

The Pizza Lobby Is Not Backing Down
Other corners of the fast-food industry have folded against public pressure for healthier choices. Not pizza.

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Reuters: Top News
last updated: Tue, 03 Mar 2015 12:03:27 GMT

Iran calls Obama's 10-year nuclear demand 'unacceptable'
MONTREUX, Switzerland (Reuters) - Iran on Tuesday rejected as "unacceptable" U.S. President Barack Obama's demand that it freeze sensitive nuclear activities for at least 10 years but said it would continue talks on a deal, Iran's semi-official Fars news agency reported.






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BuzzFeed - Latest
last updated: Tue, 03 Mar 2015 12:10:09 -0500

5 Great Books To Read In March

A roundup of recent favorites we’ve reviewed in the BuzzFeed Books newsletter.

Chris Ritter / BuzzFeed

Farrar, Straus and Giroux

Hannah Assouline


View Entire List ›

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TIME
last updated:

Could Oil Prices Plummet a Second Time?
Several trends are conspiring to force prices down for a second time

Are oil prices heading for a double dip?

The surge in shale production has produced a temporary glut in supplies causing oil prices to experience a massive bust. After tanking to a low of $44 per barrel in January, falling rig counts and enormous reductions in exploration budgets have fueled speculation that the market will correct sometime later this year.

However, there is a possibility that the recent rise to $51 for WTI and $60 for Brent may only be temporary. In fact, several trends are conspiring to force prices down for a second time.

Drillers are consciously deciding to delay the completion of their wells, holding off in hopes that oil prices will rebound, according to E&E’s EnergyWire. The decision to put well completions on hold could provide a critical boost to the ultimate profitability of many projects. Higher oil prices in the months ahead will provide companies with more money for each barrel sold. But also, with the bulk of a given shale well’s lifetime production coming within the first year or two, it becomes all the more important to bring a well online when oil prices are favorable. With prices still depressed – WTI is hovering just above $50 per barrel – drillers are waiting for sunnier days.

Read more: Here’s What Will Send Oil Prices Back Up Again

Yet another reason to wait is the possibility that costs for well completions will decline. Oil and gas companies often contract out well completions to third parties, and those companies will face pressure to cut their fees in order to keep business. That works in favor of producers who put their projects on hold for the time being. Well completions can make up as much as three-quarters of the total project cost.

Several prominent shale drillers have confirmed they are undertaking such a wait-and-see strategy. EOG Resources, one of the biggest Texas shale drillers, announced its plans in late February to hold off on completions. Chesapeake Energy and Continental Resources have now followed suit.

“We’re intentionally holding production back in 2015, because we believe it’s the prudent thing to do,” Doug Lawler, Chesapeake’s CEO, said in a conference call. Chesapeake has said it may delay completing as many as 100 wells. EOG has 200 wells awaiting completion, a backlog that will intentionally rise to about 350 this year.

As the industry clears out that queue of wells awaiting completion, a rush of new supplies could come online, pushing WTI prices down once again.

Read more: US Will Never Gain Oil Market Crown Says IEA Head

Even with well completions being suspended, supplies continue to build. The latest EIA data shows that oil stocks in the United States climbed to 434 million barrels, the highest levels in storage in over 80 years. “My gut feeling is that the oil price could see a double bottom,” Jason Kenney, an analyst with Banco Santaander SA said in a Bloomberg interview. “We’ve got too much inventory.” Bloomberg noted that Kenney has a good track record of predicting price swings in the past. Even though rig counts have declined significantly, output has so far proved resilient.

Finally, there is some evidence that the ability to move excess oil into storage may run into trouble if production does not decline. Storage tanks are starting to fill, raising the possibility that a glut could worsen. There is a great deal of uncertainty around how quickly this might happen. The EIA sought to clarify, noting that the markets have confused some of its storage figures – some oil supplies in the EIA’s weekly inventory data is actually sitting in pipelines and at well sites, meaning there is more storage capacity available than many news outlets had originally thought. An EIA analyst recently told Bloomberg that overall storage capacity is only at about 60 percent, and “[w]e still have a way to go before we can consider ourselves to be full,” Rob Merriam, EIA’s head of petroleum statistics said. It would take a few months of strong inventory builds to fill up the remaining storage, perhaps an unlikely scenario, especially if production starts to take a hit. But if storage tanks did start to fill up, prices would dive once again and companies would have to shut in wells and cut back on production.

Rig counts are at six year lows, forcing oil prices up on speculation that supply reductions will soon relieve the oil glut. But a double dip cannot be ruled out.

This article originally appeared on Oilprice.com.

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