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Olduvai III: Catacylsm
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Big Oil Won’t Spend Despite Fat Profits

Big Oil Won’t Spend Despite Fat Profits Higher oil prices are expected to leave the oil industry flush with cash, but the “capital discipline” mantra remains. Market watchers have wondered whether top oil executives would eschew with tight-fisted spending plans once their pockets fattened up again. “We’re laser focused on disciplined free cash flow generation […]

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Shale oil becomes shale fail (and a nice subsidy for consumers)

Shale oil becomes shale fail (and a nice subsidy for consumers) I’m tempted to say the following to the writers of two recent pieces (here and here) outlining the continuing negative free cash flow of companies fracking for oil in America: “Tell me something I don’t already know.” But apparently their message (which has been […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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