{"id":22300,"date":"2016-12-19T21:13:40","date_gmt":"2016-12-20T02:13:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22300"},"modified":"2016-12-19T21:13:40","modified_gmt":"2016-12-20T02:13:40","slug":"u-s-shale-gas-industry-countdown-to-disaster","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22300","title":{"rendered":"U.S. SHALE GAS INDUSTRY: Countdown To Disaster"},"content":{"rendered":"

U.S. SHALE GAS INDUSTRY: Countdown To Disaster<\/a><\/h3>\n

\"u-s-shale-gas-disaster-blur\"The countdown has started as the demise of the great U.S. shale gas industry has begun.\u00a0 This will have a disastrous impact on the U.S. economy as shale gas production declines in a big way.\u00a0 Unfortunately, very few Americans understand how sickly the domestic shale gas industry truly is, because they have been brainwashed to believe the United States is heading towards energy independence.<\/p>\n

For the U.S. to become energy independent, it would have to add at least another five million barrels per day of oil production.\u00a0 At the peak in February 2015, the U.S. shale oil industry produced a little more than five million barrels of oil per day.\u00a0 However, the real problem is not the doubling of U.S. shale oil production, rather it\u2019s being able to make a profit in the process.<\/p>\n

The U.S. shale oil and gas industry hasn\u2019t made any real money since 2009.<\/strong>\u00a0 This is especially true for one of the largest natural gas producers in the United States.\u00a0\u00a0Chesapeake Energy, which is the second largest natural gas producer in the country, hasn\u2019t made a lousy nickel for at least the past ten years<\/strong>:<\/p>\n

\"chesapeake-energy-free-cash-flow-table\"<\/p>\n

This table comes from the website, gurufocus.com.\u00a0 If you click on the\u00a0Chesapeake Free Cash Flow link at gurufocus.com<\/strong><\/em><\/a>, you will see the very same table by scrolling down the page.\u00a0 According to gurufocus, their definition of Free Cash Flow is the following:<\/p>\n

Free Cash Flow is considered one of the most important parameters to measure a company\u0092s earnings power by value investors<\/strong>\u00a0because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA).\u00a0 Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. SHALE GAS INDUSTRY: Countdown To Disaster The countdown has started as the demise of the great U.S. shale gas industry has begun.\u00a0 This will have a disastrous impact on the U.S. economy as shale gas production declines in a big way.\u00a0 Unfortunately, very few Americans understand how sickly the domestic shale gas industry truly […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[722,12083,14206,827],"class_list":["post-22300","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-shale-gas","tag-shale-gas-production","tag-srsrocco","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22300"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22300\/revisions"}],"predecessor-version":[{"id":22301,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22300\/revisions\/22301"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}