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:
This post was published at SRSrocco Report on DECEMBER 26, 2017.