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THE MASSIVE 46 STORY TALL STRUCTURE: The Penasquito Mine Tailings Dam
THE MASSIVE 46 STORY TALL STRUCTURE: The Penasquito Mine Tailings Dam The colossal Penasquito Mine’s tailings dam will reach a stunning height of a 46 story skyscraper over the next decade. That is, if the mine reopens and is allowed to continue business as usual. Newmont-Goldcorp suspended operations at Mexico’s second largest silver mine on […]
THE END OF THE OIL GIANTS: And What It Means
THE END OF THE OIL GIANTS: And What It Means Recently, Saudi Aramco, the world largest oil exporter, has acknowledged that Ghawar, the world largest oil field, is in decline. The news went mostly unnoticed except in the specialised media. OK, so the Saudi have a bit of bother, so what? In fact, this piece […]
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines The global economy would be in serious trouble if it weren’t for the rapid growth of U.S. shale oil production. Since the 2008 financial crisis, U.S. shale oil production has increased by more than 6 million barrels per day. Without these additional […]
MORE TROUBLE IN MEXICO: Second Largest Silver Mine Suspended Operations
MORE TROUBLE IN MEXICO: Second Largest Silver Mine Suspended Operations In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico. The Penasquito Mine, which produced more than a 500,000 ounces of gold and 25 million ounces of silver in […]
LOUSY SHALE ECONOMICS: Financial Troubles Continue At ExxonMobil
LOUSY SHALE ECONOMICS: Financial Troubles Continue At ExxonMobil After reporting lower than expected earnings, ExxonMobil’s stock price sold off on Friday. The company blamed poor performance on reduced production volumes and a weaker oil price. However, the real culprit will turn out to be Exxon’s big move into the Great U.S. Shale Oil Ponzi Scheme. […]
SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry?
SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry? If you think the carnage taking place in the shale oil companies is nearly over, you couldn’t be more wrong. I believe the bloodbath in the shale oil stocks has only just begun. Once we see the majority of shale […]
THE COMING MIDDLE EAST OIL CRISIS: The Collapse Of Net Oil Exports
THE COMING MIDDLE EAST OIL CRISIS: The Collapse Of Net Oil Exports The Middle East is heading for a crisis in its oil industry. Unfortunately, the market doesn’t realize there is any danger on the horizon because it mainly focuses on how much oil the Middle East is producing rather than its exports. You see, […]
The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead
The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade. Since the 2008 financial crisis, the top central bank’s have acquired $13 trillion worth of assets on their balance sheets. […]
NEXT OIL DOMINO TO FALL? Mexico Becomes A Net Oil Importer
NEXT OIL DOMINO TO FALL? Mexico Becomes A Net Oil Importer While Mexico suffered the bloodiest year of violent deaths in 2018, even bigger trouble may be ahead for the embattled country. For the first time in more than 50 years, Mexico has become a net importer of oil. This is undoubtedly bad news for […]
IT’S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years
IT’S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years With the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years. We have to go all the way back until the year after World War II ended to see U.S. silver production less […]
THE BLOODBATH IN U.S. SHALE STOCKS CONTINUES: Worst Is Yet To Come
THE BLOODBATH IN U.S. SHALE STOCKS CONTINUES: Worst Is Yet To Come Have you noticed the absolute carnage taking place in the U.S. shale oil stocks? It seems as if Wall Street and investors are finally growing weary of an industry that hasn’t made money in the past decade. Unfortunately, it took a longer than […]
The Bakken Hit A New Record In 2018, But It’s A Bad Sign For The Industry
The Bakken Hit A New Record In 2018, But It’s A Bad Sign For The Industry The insanity continues in the United States second largest shale oil field as the fundamental economics go from bad to worse. While it is true that the shale industry doesn’t look as dire as it did back in 2016 […]
Insane Stock Market Rally Due To Massive Global Monetary Liquidity
Insane Stock Market Rally Due To Massive Global Monetary Liquidity If you’re puzzled by the magnitude of the stock market correction since late December, you can thank the central banks for the rally. Yes, that’s correct… after the Dow Jones suffered the worst Christmas Eve trading day ever, the massive central bank monetary liquidity helped […]
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s move into shale. After Exxon acquired XTO Energy in 2009, a […]
