How can an electric car be called “Green” when it contains more than 700 pounds of plastic?? Electric vehicle (EV) manufacturers are using more plastic to lower the weight of the car due to the massive battery used, weighing more than 1,000 pounds. Unfortunately, plastic is still made from petrochemicals,…
The top U.S. shale gas producers have seen their stock prices decimated from their highs reached in 2014. What’s even worse is that the horrible stock performance occurs even with a nearly doubling of these shale companies’ gas production. While likely everyone heard the news that Chesapeake Energy, the United…
U.S. Energy Independence that lasted for less than one year, is over. With the collapse of the domestic oil drilling rig count, U.S. shale oil production will begin to fall off a cliff in the next 3-6 months. This should also destroy the notion of a “V-Shaped” economic recovery once…
The U.S. Shale Oil Industry is in serious trouble, even without the negative impacts of the global contagion. While it’s no secret that shale oil wells suffer high decline rates, what is taking place in the country’s largest oil field is quite alarming. The rate at which shale oil production…
The stock markets surged today on news that the U.S. unemployment rate “SURPRISINGLY” fell to 13.3% in May, down from 14.7% in April. Somehow, with most of the country still on lockdown in May, there were 2.5 million Americans added to the payrolls along with 345,000 new businesses that were…
What goes up, must come down. And, this is most certainly true for the mighty North Dakota Bakken… the second-largest shale oil-producing region in the United States. Even after the global contagion fades away, the North Dakota Bakken has likely reached peak production. According to a new chart by Jean…