Silver, Shale, September – It’s Gonna Get Ugly
Rory Hall
FreedomOutpost.com
4/27/2015
Does anyone believe the current gas prices are going to stay this low for much longer? Well, if you do, you may want to listen to what Steve St. Angelo from SRSrocco Report has to say. Shale is failing and will be on its last leg within the next 5 years and just about dried up completely within 10 years.
“The US shale gas industry is a commercial failure.” The US set up 35,700 drills, Russia set up 8,000 drills and Saudi Arabia 399. The US produces 11.7mm barrels of oil per day, Russia produces 10.9mm barrels per day and Saudi Arabia 11.4mm barrels per day. That’s a lot of more work for, basically, the same amount of production. That’s a lot more resources for, basically, the same volume of production. To be sure the US did produce more by-products, such natural gas liquids, condensate which is similar to gasoline. “We could see a significant fall by 2020-2025.”
Think gold and silver will continue to be the whipping post for the banking cartel? Not so fast. While the paper game continues it seems the time is running short due to the fact that the energy stored within these precious metals will soon be on the decline. Combine this with the fact, that China, India and Russia are removing almost 75% of global mining production and recycled materials on an annual basis and you have a situation that is unsustainable for the rest of the world. Currently these three countries are removing approximately 3,500 tons of gold in a global market that is approximately 4,200 tons.
Think your digits-on-a-screen are going to be there when you need them most? Probably not. Mr. St. Angelo makes a great point—a point that most of us have never considered and one that perfectly aligns with Chris Duane and the way he has described silver for many years. Mr. Duane has long said that one-tenth of an ounce of silver represents one day of hard-human labor. Mr. St. Angelo puts it this way…
The Rest…HERE
