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"On The Cusp Of A Staggering Default Wave"
Zero Hedge / Energy Intelligence Finance ^ | 25 November 2015

Posted on 11/28/2015 4:40:47 PM PST by Lorianne

The Energy Intelligence news and analysis creator and aggregator is not one to haphazradly throw around hyperbolic claims and forecasts. So when it gets downright apocalyptic, as it did this week in a report titled "Is Debt Bomb About to Blow Up US Shale?", people listen... and if they are still long energy junk bonds, they panic.

The summary: "The US E&P sector could be on the cusp of massive defaults and bankruptcies so staggering they pose a serious threat to the US economy. Without higher oil and gas prices -- which few experts foresee in the near future -- an over-leveraged, under-hedged US E&P industry faces a truly grim 2016. How bad could things get?"

(Excerpt) Read more at energyintel.com ...


TOPICS: Business/Economy
KEYWORDS: energy
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To: Hostage
How many bbl/day is SA currently producing?

the Saudis are trying to force their product in so that the US producers quit the field.

The genie is out of the bottle. SA can't take our resources away. If Sa tries to break our oil and gas industry, it would only be short term. At some point it will no longer work, and our oil and gas resources will be used.

41 posted on 11/29/2015 9:32:54 AM PST by FreeReign
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To: FreeReign
Yep.

Very true. I hear SA is under serious pressure.

Couldn't have to a more deserving country.

42 posted on 11/29/2015 9:39:38 AM PST by RoosterRedux
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To: FreeReign

Saudis can keep playing this game for decades. In the meantime, they cripple the US oil industry. We need a floor price for oil imports. Then, investors for domestic production won’t lose their shirts.


43 posted on 11/29/2015 9:49:05 AM PST by Hostage (ARTICLE V)
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To: dp0622

you have no citation for Saudi complicity in the 9/11

it is well known the 19 Saudi’s were acting on behalf of Usama bin Ladin


44 posted on 11/29/2015 9:52:06 AM PST by Thibodeaux (this time really is different)
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To: thackney

Do you buy this?


45 posted on 11/29/2015 10:48:04 AM PST by ckilmer (q)
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To: thackney

Do you buy this?


46 posted on 11/29/2015 10:48:12 AM PST by ckilmer (q)
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To: ckilmer

Some truth in a bunch of overhype.

Hard to judge just how deep the debt problem is.


47 posted on 11/30/2015 4:46:46 AM PST by thackney (life is fragile, handle with prayer)
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