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Is the U.S. Fracking Boom Based on Fraud?
Is the U.S. Fracking Boom Based on Fraud? In a 2016 interview with Fraud Magazine, former Enron CFO Andrew Fastow explained what he thought made him so successful while at the former energy corporation that’s now infamous for financial scandal. “I think my ability to do structured financing, to finance things off-balance sheet and to find ways to manipulate […]
THE ENERGY DISASTER KICKING INTO FULL GEAR: World Is Totally Unprepared For What’s Ahead
THE ENERGY DISASTER KICKING INTO FULL GEAR: World Is Totally Unprepared For What’s Ahead There’s more evidence finally surfacing in the media of the dire energy predicament the world is now facing. The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but […]
Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices
Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices With the commodity world still smarting from the Nov 2014 Saudi decision to (temporarily) break apart OPEC, and flood the market with oil in (failed) hopes of crushing US shale producers (who survived thanks to generous banks extending loan terms […]
Oil Prices To Skyrocket If U.S. Shale Stalls
Oil Prices To Skyrocket If U.S. Shale Stalls A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively strong demand and an economy humming along – and oil prices are still sharply below the highs seen last year. To be sure, oil has bounced just about to the highest level since November, and […]
Shale Growth Is Nearing An Inflection Point
Shale Growth Is Nearing An Inflection Point Drilling activity has plateaued in much of the U.S., with the rig count zig-zagging well below the peak from last November. The rig count often rises and falls in response to oil prices, but on a several-month lag. It takes some time before oil companies make drilling decisions […]
Wall Street Loses Faith In Shale
Wall Street Loses Faith In Shale To Wall Street, the shale industry has lost a lot of its allure. A decade’s worth of promises have failed to materialize, and Big Finance is cutting some of its ties with smaller shale drillers who have not delivered. The Wall Street Journal reports that the shale industry only saw $22 […]
U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money
U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money The U.S. Shale Oil Industry has been a financial trainwreck since day one. And, with nearly $300 billion in public and private debt racked up by the shale industry since its inception, that hasn’t stopped investors from throwing good money after […]
Oil Markets Could See Deficit In 2019
Oil Markets Could See Deficit In 2019 The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch. The investment bank noted that oil prices had collapsed in late 2018 not only because of an oversupply problem, but also because of other “non-fundamental factors,” including the selloff […]
The Shale Oil Revolution Actually Reflects a Nation in Decline
Shutterstock The Shale Oil Revolution Actually Reflects a Nation in Decline Faster consumption + no strategy = diminished prospects Here in the opening month of 2019, as the US consumes itself with hot debate over a border wall, far more important topics are being ignored completely. Take US energy policy. In the US press and […]
Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds
Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds In 2015, Pioneer Natural Resources filed a report with the federal Securities and Exchange Commission, in which the shale drilling and fracking company said that it was “drilling the most productive wells in the Eagle Ford Shale” in Texas. That made the company […]
Evidence Mounts For Shale Slowdown
Evidence Mounts For Shale Slowdown There is a growing pile of evidence pointing to a slowdown in the U.S. shale industry, as low prices take their toll. The rate of hydraulic fracturing began to decline in the last four months of 2018, a sign that U.S. shale activity began to slow even before the plunge […]
New Data Suggests Shocking Shale Slowdown
New Data Suggests Shocking Shale Slowdown U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that the industry slowed dramatically in the fourth quarter of 2018 in response to the plunge in oil prices. A […]
Shale Under Pressure As Oil Falls Below $50
Shale Under Pressure As Oil Falls Below $50 The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for 2019, the prospect of $50 oil sticking around raises questions about the heady production figures expected from […]
Oil Price Slide Puts The Brakes On U.S. Shale Growth
Oil Price Slide Puts The Brakes On U.S. Shale Growth While U.S. President Donald Trump continues to call on OPEC to keep oil prices low, because “The World does not want to see, or need, higher oil prices!”, one corner of the world may need WTI prices higher than the current low $50s to keep […]
U.S. Shale Struggles As Oil Prices Drop
U.S. Shale Struggles As Oil Prices Drop The explosive production growth in the U.S. shale patch has surprised even the most optimistic forecasters, but the huge jumps in output belies and obscures the financial state of the industry, which is a bit more complicated than the production figures might suggest. Shale companies scrambled to cut […]
