SRSrocco says the US shale oil industry has been a financial trainwreck since day one, and the worst is yet to come as the sun sets on shale oil…
The U.S. Shale Oil Industry has been a financial trainwreck since day one. And, with nearly $300 billion in public and private debt racked up by the shale industry since its inception, that hasn’t stopped investors from throwing good money after bad to continue the biggest energy Ponzi scheme in history.
Unfortunately, the worst is still yet to come because the industry hasn’t provided the market with analysis on what happens to the shale oil companies and investors holding their debt when production finally peaks forever. I don’t believe the market has any idea just how quickly and violently the U.S. Shale Oil Industry could implode. Get ready for the Sun to Set on the U.S. Shale Oil Industry.
Veteran oil analyst, Art Berman, mentioned in his interview on Peak Prosperity that he believes the oil industry “IS DONE.” He also explains why the U.S. Shale Industry not been in the business of making money, but rather, taking money. I highly recommend “ALL,” my followers to listen to the interview below as it confirms the dire energy predicament we face:
Again, I highly recommend watching Chris Martenson’s interview with Art Berman above which you can also find at the following link: ART BERMAN: Exposing The False Promise Of Shale Oil.
When the Sun finally Sets on the U.S. Shale Oil Industry, Americans better be prepared for what’s next… and it won’t be good for those investing in mostly in stocks, bonds, and real estate.