The Middle East is suffering from the same problem that eventually destroys all oil-exporting nations. Unfortunately, the market seems to ignore this issue, until it’s too late. Many oil industry analysts continue to provide optimistic forecasts for future Middle East oil production while they fail to consider one of…
The largest shale oil region in the United States is set to see its oil production decline in a big way. The mighty Permian shale region in Texas and New Mexico has been the leading U.S. shale oil producer in the country with over 4 million barrels per day of production…
The major oil companies are now in serious trouble as the problems stemming from the Falling EROI – Energy Returned On Investment have finally manifested themselves during the global pandemic. Similar to the aftermath of a devastating tsunami, when the water heads back out to sea, the global pandemic revealed the…
The drive for U.S. Energy Independence was based on the country’s ability to ramp up shale oil production. For the oil industry to ramp up shale oil production, it had to increase the number of oil drilling rigs. And, so it began. As the drilling rig count increased, so did…
It seems as if what I have been warning about for years may be beginning to take place in the precious metals market. Due to the massive Fed and central bank monetary stimulus and liquidity, investors are now deeply concerned about the financial system and value of global currencies…
There is one chart that should deeply concern most Americans and the U.S. Federal Government. While most analysts and economists are concerned about the rising U.S. Debt to GDP or the skyrocketing Public Debt, there is another indicator that is far more worrisome. Unfortunately, I haven’t seen one economist…