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US Oil’s Merger Mania Won’t End Well For Energy

US Oil’s Merger Mania Won’t End Well For Energy The long-awaited shale patch consolidation has arrived, sparking another bout of merger mania in the energy industry. It’s reminiscent of the one in the late 1990s, just as the Internet bubble was exploding. But don’t expect the stocks to rally this time. Parallels between tech in […]

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Game Over For Oil, The Economy is Next

GAME OVER FOR OIL, THE ECONOMY IS NEXT It’s game-over for most of the U.S. oil industry. Prices have collapsed and storage is nearly full. The only option for many producers is to shut in their wells. That means no income. Most have considerable debt so bankruptcy is next. Peggy Noonan wrote in her column recently that […]

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Lipstick on a pig: America as the world’s swing producer of oil

Lipstick on a pig: America as the world’s swing producer of oil Most people have heard the old saying: “You can put lipstick on a pig. But it’s still a pig.” That’s sort of what is happening in the American oil patch as producers try to put a positive gloss on the devastation that low […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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