The U.S. Shale Oil Industry is in serious trouble as its debt spirals higher due to its massive production decline rates. While the Mainstream media continues to put out hype that the shale oil industry can produce oil at $30 or $40 a barrel, the reality shows that it’s becoming…
Yes… it’s true. Two state of the art nuclear power projects bankrupted the mighty Westinghouse Electric Corporation, a company founded in 1886. Actually, this is old news as Westinghouse filed for bankruptcy back in March 2017. However, the breaking news is that the Westinghouse bankruptcy has now forced two utility…
Investors will get wiped out as the stock and real estate markets fall by 50-75%. Unfortunately, most investors, even the precious metals investors, do not understand the dire predicament that the U.S. and world faces as the energy sector continues to disintegrate. I discussed this in detail with Dave at…
Even though U.S. shale oil production continues to reach new record highs, investors might be finally losing faith in the industry that just isn’t profitable. A perfect example of this, legendary oil trader Andy Hall, known as “God” in the industry, is shutting down his main hedge fund. Hall, who…
Yes, it’s true… the United States smashed another fuel production record this year. According to the U.S. Energy Information Agency (EIA), the country produced over one million barrels per day of this liquid fuel in the first six months of 2017. Unfortunately, this isn’t something to brag about. It would…
Well, it looks like the U.S. shale oil industry is going to chalk up another lousy year of financial losses in 2017. This shouldn’t be a surprise as the U.S. shale oil industry hasn’t made any real money since 2008. However, I still read articles suggesting that the United States…