Today, many people may have forgotten what a tremendous economic super-power the United States was in the early 20th century. While the Middle East is known as the world’s largest oil producer, the United States held that position for quite a long time years ago. Matter-a-fact, without the mighty oil production…
With the illusion of U.S. Energy Independence soon to be a memory, Americans are not prepared for the ENERGY CLIFF that will hit the country’s domestic oil supply over the next 5-10 years. Unfortunately, the Shale Oil Boom is now turning into a Bust. As U.S. shale oil production plummets, it will also negatively…
Last year there was a lot of fanfare about the United States becoming Energy Independent. Even President Trump was going around the country touting U.S. Energy Independence. However, the best way to describe U.S. energy independence is like a magician’s act… Now you see it. Now you don’t. If we go…
Without the unprofitable and unconventional shale oil supply, U.S. oil production would still be below 5 million barrels per day. While we can applaud the shale industry for allowing the American Leech & Spend Suburban Economy to continue for another decade, I wouldn’t count on it lasting another ten years. …
Few analysts realize that for the past decade, the global economy has been propped up by the U.S. Shale Oil Ponzi Scheme. Without the huge increase in U.S. shale oil production, the global economy would have peaked and collapsed into a severe depression. And according to the new data put…
While U.S. oil production reached a new peak of 10.25 million barrels per day, the higher it goes, the more breathtaking will be the inevitable collapse. Thus, as the mainstream media touts the glorious new record in U.S. production that has both surpassed its previous peak in 1970 and Saudi Arabia’s current oil production, it’s a victory that will be bittersweet.