If the rapid decline rate or the massive debt doesn’t destroy the U.S. Shale Industry, the finance costs most certainly will. The amount of interest expense the shale companies have paid to finance business and increase production is stunning, to say the least. But, the real problem for the shale…
The United States became a net oil exporter for the first time in 75 years, or so they say. While the U.S. may indeed be exporting more petroleum than it imports from time to time, there’s a dirty little secret behind the data. And one of those secrets overlooked by…
Is the mighty Bakken Shale Oil Field finally peaking? Well, according to the data from the folks at the North Dakota Department of Mineral Resources, oil production in the Bakken has been flat for the past six months. And, to make matters worse, production has been flat even though oil…
Few analysts realize that for the past decade, the global economy has been propped up by the U.S. Shale Oil Ponzi Scheme. Without the huge increase in U.S. shale oil production, the global economy would have peaked and collapsed into a severe depression. And according to the new data put…
As the markets sold off on Thursday, gold, and silver were few of the only assets that remained in the green for the entire day. Thus, the notion that the precious metals will crash with the markets continues to be proven wrong. And what an ugly day it was as…
The overwhelming majority of U.S. shale companies were hit hard due to lower oil prices in the first quarter of the year. Just about every shale company that I keep track of suffered negative free cash flows in Q1 2019. This was quite a surprise as Rystad Energy claimed that…