Shale Oil Bubble

Shale Oil Keeps Growing on Trees

(By Mike Shellman), The United States Geological Society (USGS) today released a report stating there is an estimated 46.3 billion barrels of theoretical, technically recoverable, as yet undiscovered light tight oil reserves in the Wolfcamp, Bone Springs and Avalon shaley carbonate formations in the Delaware Basin of West Texas. Shale oil, it seems, keeps growing…

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The U.S. Shale Oil Industry Bloodbath Spreads As Oil Price Meltdown Continues

There is no better way to describe what is currently taking place in the U.S. Shale Oil Industry, than a bloodbath.  Unfortunately, if the situation wasn’t bad enough for the shale oil industry when prices were 30-40% higher, today it’s a complete disaster.   While some might think that a bit of an overstatement, I can assure…

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THE SHALE OIL PONZI SCHEME EXPLAINED: How Lousy Shale Economics Will Pull Down The U.S. Economy

Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry.  However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U.S. economy with it.  Unfortunately, the reason few Americans understand how lousy the economics are in producing shale…

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