With most producers already post peak oil, combined with sanctions on Venezuela and Iran, and OPEC cuts, oil prices will probably stay high untill something breaks.
Yoshua wrote:At peak oil there could be a lot of black swans that might complicate things even more as we push everything to the edge. Boeing could turn into a black swan.
The outbreak of the African swine fever in China could be another black swan out of control and lead to a protein shortage in China.
https://www.vice.com/en_in/article/zmpv ... wine-fever
At peak oil there could be a lot of black swans that might complicate things even more as we push everything to the edge.
SHALE STOCK LOSSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry?
That article is full of inaccuracies and downright wrong information. As an example, the author goes at length to show that Pioneer Natural Resources is losing money and is going to be a bad investment.
rockdoc123 wrote:That article is full of inaccuracies and downright wrong information.
shortonoil wrote:That article is full of inaccuracies and downright wrong information. As an example, the author goes at length to show that Pioneer Natural Resources is losing money and is going to be a bad investment.
When a company's cash flow does not align with its profits; and visa verse, they are manipulating their financials. Shale's cash flow has not aligned with its posted profits in 15 years. It has $320 billion in debt to show for it. The US government has displayed the same behavior since World War II, and it now has $22 trillion in debt as a result. The world has $253 trillion in debt, and a cash flow of 57. Now that oil production has begun its permanent decline that will come back in spades, and it won't take long. The pump monkeys will be standing in the same bread lines as everyone else.
When a company's cash flow does not align with its profits; and visa verse, they are manipulating their financials. Shale's cash flow has not aligned with its posted profits in 15 years. It has $320 billion in debt to show for it. The US government has displayed the same behavior since World War II, and it now has $22 trillion in debt as a result. The world has $253 trillion in debt, and a cash flow of 57. Now that oil production has begun its permanent decline that will come back in spades, and it won't take long. The pump monkeys will be standing in the same bread lines as everyone else.
How can anyone who treats red ink companies as viable be taken seriously?
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