SRSroccoReport wrote:AdamB,
Ah... I see. Making lots of comments all at one time. I know children who behave in the same fashion.
And I know gold bugs who never graduated the 4th grade who spin their tale better than you do.
SRSroccoReport wrote:However, if you FOCUS on the EIA Chart, you will notice that the ENTIRE INDUSTRY is suffering from a 75% Interest Expense, just not one or two companies.
You focus on the chart. Rocdoc makes a completely valid comment about depreciation, answer that about the chart, and then we can consider its value. The one FACT I am certain of is that CFO's are paid to make those financial statements sing nearly any tune desired, and do just that. But the EIA folks are quite good at what they do (they don't use thermodynamic models and don't factor gold into their projections), so call them up and ask how they built that chart, and if they have taken RocDoc's info into account.
SRSroccooReport wrote:While I appreciate you pointing out the obvious that a bankrupt company can be bought out by another... what happens when the ENTIRE INDUSTRY is in trouble??
Sounds like 1986. Did you happen to notice the entire industry being in trouble then, or did you, as most consumers did, appreciate the abundance and low prices that their success made available? I'm betting you didn't care any more than any other consumer. For those of us who were in that industry, and in trouble, during that time, we did the best we could. And survived. And part of that survival was acquisitions being sold by the bankruptcy court.
SRSRoccoreport wrote:I gather you would want the Fed & Central Banks to bail out the Shale Oil & Gas Industry. And why not. They purchased $1.5 trillion in assets in the first five months of 2017.SRSroccoReport
https://srsroccoreport.com/
Nobody bailed out the industry during the 1986 collapse except one all important, all powerful, near God like force.....global consumers of hydrocarbon energy. You can keep your ridiculous faith in people playing games with money, or gold, other other financial shenanigans, all that industry needs are folks like pstarr, and you, and every other peaker and environmentalist in the world doing EXACTLY the same things they have been doing.
Bitch, complain, whine, lambaste the industry, make fun of it, pretend to swear off your support of it, it is amazing that the very people doing this will make their trip to the nearest liquid fuel acquisition point and collect their rations, fly in the planes and buy the products made from petrochemicals.
Don't need no stinkin' fed. Just give me the natural production decline of every field and well on the planet, and the hydrocarbon consumer, and rocco...the future looks so bright, industry has to wear shades.