Inside the Biggest Oil Meltdown
     in History
Saudi Arabia Faces an Unprecedented Crisis
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Oil’s Sudden Rebound Is Exposing the Achilles’ Heel of Shale

ExxonMobil, Pioneer Propose A Methane Monitoring Network For Texas Oil Fields


Kinley in Romania; 1931

May 24, 2020

A Glimpse At Current Debt Restructuring In the US Shale Oil Sector

May 22, 2020

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Returns offered to shareholders from oil and natural gas E&P's began deteriorating in 2010-2011 and could not keep up with the S&P 500 Index. That likely occurred because of the 'growth over profit' business model and when the shale sector started to become heavily debt ridden. Now it does not help that it costs approximately $20 billion per year for the shale oil  sector alone just to service  debt. Thats $55MM per stinking day in interest !! 


"Such is America’s reliance on new drilling that 55% of the country’s shale production is from wells drilled in the past 14 months, according to" Bloomberg 


Shale R Us Corp.  made it through 2018, barely, mostly because OPEC helped raise oil prices and because Trump put the thumb on the FED about interest rates. Its corporate guidance for 2019 is pretty much a carbon copy of 2018's and is essentially based on ...hope....

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Who's Stuff Is This?

" I was born and

raised, literally,

in the oilfields of

South Texas over

68 years ago.

I have pretty

much seen, and

done, it all."

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    NIGHT SHIFT        the video 

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