Jim Chanos: Here’s why things are about to get even worse in the oil sector

Tuesday, November 3, 2015
By Paul Martin

InvestmentWatchblog.com
November 3rd, 2015

From Bloomberg:

“Energy Investments After The Fall: Opportunity Or Slippery Slope?”

So begins the latest presentation from renowned short-seller Jim Chanos. What follows is a powerful outline of the spirally debt dynamics that now dominate the future of the oil industry. At the heart of Chanos’s thesis is the contention that years of low interest rates, cheap financing, overeager investors and ambitious managers have helped propel the boom in U.S. shale and imbue it with near unstoppable momentum; U.S. oil production is expected to grow 6 percent in 2015, despite a stunning 59 percent drop in the U.S. rig count over the past year.

The Rest…HERE

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