They've RUINED OUR EARTH with "FRACKING"....
.....that's NEVER been 'PROFITABLE'
(it was just a way to keep the PONZI scheme going a little longer)
Now, its time for this SHTF - can you say DERIVATIVES???
"...the unfortunate part of the story is that the shale oil miracle only made this country more delusional at a moment in history when we really can’t afford to believe in fairy tales..."
Wells only produce about 3 years, on average - the cost of production/price of oil has usually been UPSIDE DOWN
Its been a struggle just to pay the interest, with rates GOING UP while declining share prices in a crashing market...
What do you think will happen?
https://www.zerohedge.com/news/2018-02-10/shale-miracle-reality-optional-world-bizarro-finance
