LOUSY SHALE ECONOMICS: Financial Troubles Continue At ExxonMobil

After reporting lower than expected earnings, ExxonMobil’s stock price sold off on Friday.  The company blamed poor performance on reduced production volumes and a weaker oil price.  However, the real culprit will turn out to be Exxon’s big move into the Great U.S. Shale Oil Ponzi Scheme. As I mentioned in my recent article, EXXONMOBIL…