DETAILED REPORT: Second Largest U.S. Shale Oil Field In Serious Trouble

The United States’ second-largest shale oil field is now in serious trouble.  After fifteen years and more than 17,000 wells, the Bakken Oil Field BOOM days are heading toward a BUST.  And, when I say, “BUST,” I am not exaggerating.  Why?  To increase production significantly over the past several…

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The Lousy Demand Fundamentals Point To A Lower Oil Price, But What Do The Technicals Say?

Over the past two weeks, the oil price fell more than 12% due to weaker demand than anticipated by the markets.  Also, with the summer driving season over now in the U.S., gasoline consumption fell to 8.4 million barrels per day this week, down from 9.2 million barrels per day just…

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