Tag Archives: bail out

Borrowing from Equity Markets to Frack For Oil + Lack of Free Cash Flow = UNsustainable just for the US

update 8/2017 water use for fracking unsustainable too http://www.houstonchronicle.com/business/article/As-the-oil-patch-demands-more-water-West-Texas-11724100.php end update This article, https://seekingalpha.com/article/4084591-new-darlings-wall-street-folly-oil-fracking-investing, reads….“Unlike the two previous US-made financial bubbles (dot-com and real estate), the ‘frackers bubble’ is having meaningful positive economic effects on the rest of the world, through … Continue reading

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Shale Gov Bailout 4 exports? O&G growth needs ave $65/bbl & $6.5/Mcf

Arthur E. Berman, Petroleum Engineer, studied 9,100 of 15,000 Barnett Shale wells and found that less than 6% met economic needs per his “Eye of the Storm” presentation. This was using pricing/production data from  2 0 0 5 – 2 0 1 1 … Continue reading

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