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Self explanatory: the US shale oil phenomena has NEVER made any profit in its existence and we are set to see
equity, debt and important US reserves get wiped off the books the next 14-15 months thru bankruptcy.
Please notice how asset impairments begin 2H15; the shale oil industry is going backwards.
We're dialed in to the future of hydrocarbons in the United States here at Oily Stuff and its going to be a problem, trust me. Folks that believe oil prices are going to help a capital intensive sector like shale oil, are wrong.
If I could find something good to write about the shale oil biz, I would write it. I can't.
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