U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today. Major U.S. lenders are preparing to become operators…
Tag: Oil Boom and Bust
Bankruptcies & Mass Layoffs Coming to American Shale Companies?
Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on…
Much of the industry’s growth has been fueled by mountains of cheap debt
Fracking for oil and natural gas has remade the global energy industry in America’s favor. But, much of the industry’s growth has been fueled by…
The Second largest oil-producing state? North Dakota
Texas is by far the largest oil-producing state in the United States, but number two? North Dakota, Is the nation’s second-largest oil-producing state, Produced 1.42…
Evidence Mounts For Another Shale Slowdown
More and more evidence is pointing at what is now looking like a serious slowdown in U.S. shale activity, as sub $50 WTI is taking…
Oil falls below 50 – The OPEC+ Russia cuts still not doing much to boost oil prices
Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States