In less than a decade, Ontario’s Green Energy Act came to a quick and sudden death. In February 2009, Ontario’s Green Energy Act was passed, and on January 1st, 2019, it was repealed. However, it wasn’t soon enough for many citizens living in Ontario, Canada, as the additional electricity cost…
With the re-lockdown of economies throughout the world and the uncertainty of the coming Presidential election, the oil price and U.S. oil industry could be heading for BIG TROUBLE. Already, the low oil price environment continues to destroy the balance sheets of the best-run oil companies. What happens if…
The Energy Cliff is now impacting the financials of the world’s largest oil companies. While it was slow at first, it is now picking up speed. Even though Royal Dutch Shell posted a small profit during the third quarter, the company added another $10 billion to its long-term debt…
The current situation in the markets is setting up for a continued disintegration of the U.S. and the global economy in 2021. With the second wave of the pandemic now hitting many areas in the U.S. and worldwide, governments are starting the process of locking down their economies once again…
What an interesting day as the broader markets are selling off while the precious metals and mining stocks are holding up rather well. Unfortunately, the oil price is back in the $38 level which is destroying the value of shale oil stocks. I’d imagine Concho Resources is quite happy today…
In a never-before-seen chart, the world’s largest mining companies’ amount of fuel consumption would equal a staggering amount of human workers. Unfortunately, there aren’t enough people on the earth to provide the same amount of energy consumed as fuel by the top miners. Not even close…