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The Great American Shale-Oil Bust Turns into Massacre

The Great American Shale-Oil Bust Turns into Massacre Shares of shale oil drillers collapsed by 25%-50% today. Their bonds got massacred. Saudi-Russia price-war strategy appears successful in wiping out investors in the US shale-oil sector. It was so chaotic and brutal in the crude oil market today that the EIA, which is part of the […]

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The Dark Side Of The Shale Bust

The Dark Side Of The Shale Bust The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from negligible levels before 2010 to well over a million barrels per day, making […]

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Three Reasons Why US Shale Isn’t Going Anywhere

Three Reasons Why US Shale Isn’t Going Anywhere Have you ever noticed that during extreme economic cycles, when trends are roaring on the upside, or conversely crashing back down to earth, there often appears an air of extremism in news headlines? Take America’s most recent shale oil boom, and bust, for example. On the way […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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