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U.S. OIL MAJORS BIG TROUBLE IN 2020: Robbing Peter To Pay Paul

Posted by SRSrocco in Energy, Silver Members on November 11, 2020 — 9 comments

Debt levels at the two largest oil companies in the United States surged this year due to low oil prices and falling demand. While the global oil industry experienced financial hardships due to the pandemic, the worst damage occurred in the domestic U.S. shale oil sector. For example…

BIG TROUBLE FOR THE BIG THREE U.S. OIL COMPANIES: Financial Disaster In Its Domestic Oil & Gas Sector

Posted by SRSrocco in Energy, News, Silver Members on May 22, 2020 — 18 comments

There’s no better way to describe what is taking place in the U.S. Big three Oil Companies domestic oil and gas sector than a complete and utter financial disaster. Honestly, I am not exaggerating. The only place ExxonMobil, Chevron, and ConocoPhillips are making decent money is in their non-U.S. or…