THE U.S. SHALE OIL INDUSTRY: Swindling and Stealing Energy To Stay Alive

By: Steve St. Angelo
GoldSeek.com
Wednesday, 27 December 2017

While the U.S. Shale Energy Industry continues to borrow money to produce uneconomical oil and gas, there is another important phenomenon that is not understood by the analyst community. The critical factor overlooked by the media is the fact that the U.S. shale industry is swindling and stealing energy from other areas to stay alive. Let me explain.

First, let’s take a look at some interesting graphs done by the Bloomberg Gadfly. The first chart below shows how the U.S. shale industry continues to burn through investor cash regardless of $100 or $50 oil prices:

The Rest…HERE

This entry was posted on Wednesday, December 27th, 2017 at 3:09 pm and is filed under Oil. You can follow any responses to this entry through the RSS 2.0 feed.