THE DESTRUCTION OF THE SHALE OIL INDUSTRY BEGINS: Massive Impairment Write-offs

If the carnage that took place in the U.S. shale oil patch during the first quarter of 2020 is any indication of the financial health of the industry, just wait until the second-quarter results are released.  Yes, there’s going to be serious BLOODSHED in the shale industry come early August. While I knew several shale…