Eagle Ford Shale Decline Rate Shoots Up A Stunning 10% In One Month

Eagle Ford Dec 2013 DeclineThe U.S. and Global financial system is being kept alive by a highly leveraged paper system.  The Fed’s recent announcement of a $10 billion taper has had the anticipated impact on the precious metals and bond market.
Even though I thought the Fed would never taper, the end result will be the same.  As I have mentioned several times, Energy drives the markets… not Finance. 
The so-called U.S. Shale Revolution is the only thing that is holding off the collapse of the global markets as it has brought on more oil supply (only temporarily), desperately needed by the world.
Unfortunately, it looks like the “Illusion of Sustainability” in shale oil production took a BIG HIT, as the forecasted decline rate at the Eagle Ford Shale Field increased double-digits in just one month. [Read more...]

N. Dakota Bakken Oil Boom Will End in a Bust, Just like ’49 Gold Rush

gold rushBy SD Contributor SRSrocco:

What is taking place in North Dakota is the same thing that took place during the 1848-50′s California Gold Rush.  And that is a Big Migration of people with very little in the form of housing and services.

ALL BOOMS behave the same way.  After the BOOM, comes the BUST.  The N.D. Bakken Boom won’t be any different. [Read more...]