What we have is a totally propped-up market based upon debt. Energy isn’t producing positive growth, really. So instead of having real economic growth, we have inflated economic growth and inflated asset values. When growth starts to decline, I think we’re going to see the valuations of assets decline considerably….
As the U.S. and Global Oil and Gas Industry continues to cannibalize itself to stay alive, the Shale Dominoes begin to fall as BHP Chairman announced its shale investment was a MISTAKE. Yes, it’s true, BHP Chairman Jacques Nassar said his company’s $20 billion shale investment six years ago, in…
Over the past eight years, earthquake activity in Oklahoma has increase substantially. Before 2009, Oklahoma experienced one or two low magnitude earthquakes per year. However, after 2014, Oklahoma has been suffering from one to two low magnitude earthquakes per day. While many people believe the huge increase in earthquake activity…
The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line. Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange reserves as the current price of oil…
While the Mainstream media continues to put out hype that technology will bring on abundant energy supplies for the foreseeable future, the global oil and gas industry is actually cannibalizing itself just to stay alive. Increased finance costs, falling capital expenditures and the downgrade of oil reserves are the…
Even though the United States continues to produce a lot of natural gas, the energy industry is still struggling to make any money doing it. This is likely the reason that U.S. natural gas production has finally declined this year versus the peak in 2016. While the Mainstream media continues…