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 ...
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.
Very true. I hear SA is under serious pressure.
Couldn't have to a more deserving country.
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.
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
Do you buy this?
Do you buy this?
Some truth in a bunch of overhype.
Hard to judge just how deep the debt problem is.
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