{"id":3900,"date":"2015-01-02T13:39:17","date_gmt":"2015-01-02T18:39:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3900"},"modified":"2015-01-02T13:39:17","modified_gmt":"2015-01-02T18:39:17","slug":"another-shale-bubble-bursts-oils-plunge-is-not-unequivocally-good-for-this-group-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3900","title":{"rendered":"Another Shale-Bubble Bursts: Oil’s Plunge Is Not ‘Unequivocally Good” For This Group | Zero Hedge"},"content":{"rendered":"

Another Shale-Bubble Bursts: Oil’s Plunge Is Not ‘Unequivocally Good” For This Group | Zero Hedge<\/a>.<\/p>\n

While Jim Cramer went “all-in on oil stocks” in May 2014<\/a>\u00a0(right before the collapse), it was the\u00a0fracking sand-providers<\/strong>\u00a0that were the most-loved stocks on many individual investors buying lists last year… until their worlds caved in.\u00a0As WSJ reports,<\/a>\u00a0for many sand producers, this is their first time on the bucking bronco that is the cyclical energy business\u2014and not all of them are ready for the wild ride. As one CEO exclaimed,\u00a0“there are a lot of wide-eyed people out there right now in the industry.”<\/em><\/strong><\/p>\n

Sand is an important ingredient in hydraulic fracturing, or fracking<\/strong>, which has pushed American oil output above 9 million barrels a day, rivaling the production of Saudi Arabia or Russia. Sand companies\u2019 biggest customers used to be golf courses and glass manufacturers, but\u00a0the oil boom brought energy clients to their door and now roughly 60% of business is tied to fracking<\/strong>, according to PacWest Consulting Partners, which forecasts sand demand.<\/p>\n

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But as The Wall Street Journal reports<\/em><\/a>,\u00a0now that oil prices have fallen, many fracking companies are retrenching\u2014and that is bad news for sand producers.<\/strong><\/p>\n

<\/p>\n

<\/a>…click on the above link to read the rest of the article…<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Another Shale-Bubble Bursts: Oil’s Plunge Is Not ‘Unequivocally Good” For This Group | Zero Hedge. While Jim Cramer went “all-in on oil stocks” in May 2014\u00a0(right before the collapse), it was the\u00a0fracking sand-providers\u00a0that were the most-loved stocks on many individual investors buying lists last year… until their worlds caved in.\u00a0As WSJ reports,\u00a0for many sand producers, […]<\/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":[1466,2354,1775,723],"class_list":["post-3900","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-fracking-industry","tag-fracking-sand","tag-oil-price-collapse","tag-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3900","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=3900"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3900\/revisions"}],"predecessor-version":[{"id":3901,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3900\/revisions\/3901"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}