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The Biggest Losers In The Shale Slowdown

The Biggest Losers In The Shale Slowdown Schlumberger saw its debt rating downgraded by S&P due to the unfolding slowdown in drilling by U.S. shale companies. The largest oilfield service company in the world has seen its earnings hit as the shale industry goes through a soft patch. S&P cut Schlumberger’s debt rating to A+, […]

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Schlumberger’s Terrifying Moment Of Truth About The US Energy Sector

Schlumberger’s Terrifying Moment Of Truth About The US Energy Sector Having laid off 10,000 employees (and boosted his share buyback program by $10 billion – because that has worked out so well in the past), it appears Schlumberger CEO Paal Kibsgaard unleashes some very uncomfortable truthiness on his audience this morning during the earnings call, […]

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The Dismal Thing Schlumberger CEO Just Said about US Oil

The Dismal Thing Schlumberger CEO Just Said about US Oil 2016 to be brutal. Then, dreams of “potential spike in oil prices” An engineer in the oil industry, who’d sold his house in Houston and bailed out after finding work in another state, just told me this: A young civil engineer that I am working […]

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More Job Losses Coming to U.S. Shale

More Job Losses Coming to U.S. Shale With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC’s high production levels and China’s market […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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