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Monetizing US Shale Deposits

On today’s doubleheader episode of Double Down, Max Keiser and Stacy Herbert talk to Chris Cook about the 2020 energy outlook.

As  Saudi Arabia takes 1.5% of Saudi Aramco public, DOUBLE DOWN asks former energy market regulator, Chris Cook, whether or not this is the sign of peak oil. He says that, in fact, it is a sign of peak demand. There is an infinite amount of oil . . . at a price . . . but consumers cannot afford that price and alternatives are being found. Chris Cook expects that oil will never go much above $60 again for any length of time. Regarding the new QE which is not QE (‘Quantitative Easing’), he believes this is oil-related, the Fed is providing liquidity to monetize US shale reserves. Cook is saying that the US has essentially fixed the dollar against its shale reserves. Tune into Double Down to hear more on what Chris Cook has to say about his bold and radical predictions for energy markets in 2020.

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172 Comments on "Monetizing US Shale Deposits"

  1. Davy on Fri, 20th Dec 2019 3:51 am 

    “Asked about China, the president made it clear that Russia doesn’t have a military alliance with Beijing and isn’t planning to start one. He says Moscow is helping the Chinese with defensive military upgrades in the spirit of partnership, not in the sense of NATO-style binding promises.”

    Another example of why Putin is the greatest political mind in the world now. Too bad he is mafia too. Putin is a killer and a thief as well as a great leader. That is not being disparaging to Putin because that is what is required in Russia to rule.

  2. Davy on Fri, 20th Dec 2019 3:54 am 

    “Explanatory factors Golden Age:”

    “– be white
    – discover new lands (P, E, NL)
    – new religion (NL)
    – invent superior economic system (NL)
    – win a major war (NL-1648, UK-1815, US-1945)
    – discover a new source of energy (NL, UK, US)”

    Tell that to people of color and peace-loving people. Tell that to the planet. You really are lost cloggo in your love of empire and conquest. Nothing golden about your list.

  3. Davy on Fri, 20th Dec 2019 4:00 am 

    Trouble in liberal land with the swamp mistress making shit up:

    “House-Senate Impeachment Impasse Would Mean Trump Wasn’t Impeached At All: Harvard Law Prof” zero hedge

    “While Nancy Pelosi threatens to withhold articles of impeachment passed Wednesday night by the House, Harvard Law Professor Noah Feldman says that President Trump isn’t technically impeached until the House actually transmits the articles to the Senate. Feldman, who testified in front of the House Judiciary Committee’s impeachment proceedings earlier this month, argues in a Bloomberg Op-Ed that the framers’ definition of impeachment “assumed that impeachment was a process, not just a House vote,” and that “Strictly speaking, “impeachment” occurred – and occurs — when the articles of impeachment are presented to the Senate for trial. And at that point, the Senate is obliged by the Constitution to hold a trial.” If the House does not communicate its impeachment to the Senate, it hasn’t actually impeached the president. If the articles are not transmitted, Trump could legitimately say that he wasn’t truly impeached at all. That’s because “impeachment” under the Constitution means the House sending its approved articles of to the Senate, with House managers standing up in the Senate and saying the president is impeached. As for the headlines we saw after the House vote saying, “TRUMP IMPEACHED,” those are a media shorthand, not a technically correct legal statement. So far, the House has voted to impeach (future tense) Trump. He isn’t impeached (past tense) until the articles go to the Senate and the House members deliver the message. -Noah Feldman…There’s more: But we can say with some confidence that only the Senate is empowered to judge the fairness of its own trial – that’s what the “sole power to try all impeachments” means. If the House votes to “impeach” but doesn’t send the articles to the Senate or send impeachment managers there to carry its message, it hasn’t directly violated the text of the Constitution. But the House would be acting against the implicit logic of the Constitution’s description of impeachment. A president who has been genuinely impeached must constitutionally have the opportunity to defend himself before the Senate. That’s built into the constitutional logic of impeachment, which demands a trial before removal. To be sure, if the House just never sends its articles of impeachment to the Senate, there can be no trial there. That’s what the “sole power to impeach” means.”

  4. I AM THE MOB on Fri, 20th Dec 2019 4:15 am 


    Renewable’s produce electricity and oil is used mainly for transportation as a liquid fuel.

    Maybe you should dust off that secret German Army study that leaked online a few years ago.

    I can’t wait till you realize that you wasted the last precious years of peace on earth. Squealing about migrants and such.

  5. I AM THE MOB on Fri, 20th Dec 2019 4:26 am 

    From the peer reviewed paper above

    “Around 81% of the global liquid production is now in the decline phase (BP, 2018; Fustier et al., 2016; IEA, 2018).”

  6. I AM THE MOB on Fri, 20th Dec 2019 4:27 am 

    “It is better to be unhappy and know the worst, than to be happy in a fool’s paradise.” ― Fyodor Dostoyevsky

  7. Davy on Fri, 20th Dec 2019 4:29 am 

    Swamp levels are dropping

    “Durham Reportedly Seeking Ex-CIA Director Brennan’s Emails, Call Logs Over Russian Probe” zero hedge

    “Which is all the more intriguing as, at the same time as his interview aired, The New York Times dropped a bombshell, reporting that, according to three people briefed on the inquiry, Durham’s investigation has begun examining the role of the former C.I.A. director John O. Brennan in how the intelligence community assessed Russia’s 2016 election interference. Specifically, Durham has requested Brennan’s emails, call logs, and other documents from the C.I.A. (and judging by Barr’s statement that “other agencies are cooperating very well,” we suspect Durham will get what he wants. Additionally, NYT reports that Durham is also examining whether Mr. Brennan privately contradicted his public comments, including May 2017 testimony to Congress, about both the dossier and about any debate among the intelligence agencies over their conclusions on Russia’s interference. Of course, NYT is quick to ‘warn’ readers that Durham’s decision to probe Brennan’s actions deeper will “add to accusations that Mr. Trump is using the Justice Department to go after his perceived enemies.” But we ask, just as with Ukraine and the Bidens, is it only ‘not allowed’ to root out corruption if the corrupt is a representative of ‘the other’? We will let AG Barr respond to that implied problem: “The president bore the burden of probably one of the greatest conspiracy theories – baseless conspiracy theories – in American political history.” Noting that he has long expressed skepticism that the F.B.I. had enough information to begin its inquiry in 2016, publicly criticizing IG Horowitz’s report released last week that affirmed that the bureau did. Finally, while Brennan, Clapper, and Comey have rushed to their friends in the liberal media (and their social media echo chambers) to frame their own narratives as to just how much blame, bias, and bad behavior they each undertook. We suspect that if Durham cracks Brennan, he will take everyone else down with him. Maybe Nancy will hand the impeachment articles over at that moment… as a distraction from the real threat to America’s democracy, constitution, and common man.”

  8. Davy on Fri, 20th Dec 2019 4:37 am 

    “Pig Ebola” Is Now Running Wild In Indonesia, And Has Already Killed A Quarter Of The World’s Swine” end of American dream

    “African Swine Fever just continues to pop up in more locations. As you will see below, it is now sweeping through the heavily-populated nation of Indonesia. Nearly 270 million people live in Indonesia, and they are heavily dependent on pork as a source of protein. But of course the same thing could be said about almost all of the countries where African Swine Fever is currently raging. The mainstream media in the U.S. hasn’t been properly reporting on this crisis, and that is likely because this disease has not spread to our nation yet. But let there be no doubt – this is truly a crisis of Biblical proportions. In fact, it has been estimated that this epidemic has already killed about one-fourth of the world’s pigs. The following comes from an Australian news source…Experts say the disease has wiped out an estimated 25 per cent of the world’s pig population. The fever has been reported in around 50 countries, including China, Belgium, Slovakia, Cambodia, North Korea, South Korea, Vietnam and the Philippines. And this same figure is being quoted by the New York Daily News…African swine fever has been reported in nearly 50 nations — including China, South Korea, the Philippines and Belgium — and it’s causing an incredible crisis on a global scale. Alarmingly, more than one-quarter of Earth’s pigs have been wiped out by the virulent disease.”

  9. Davy on Fri, 20th Dec 2019 4:43 am 

    “Pension Schemes in EU Show Big Shortfalls in Stress Test” money usa

    “The participating schemes had a combined “baseline” underfunding of 41 billion euros, or 4% of liabilities at the end of 2018, a sign of how the sector is already struggling in an ultra-low interest rate environment even before the test was conducted, EIOPA said. “The adverse market scenario would have led to substantial aggregate shortfalls of 180 billion euros according to national methodologies and 216 billion euros following the stress test’s common methodology,” EIOPA said. This would have translated into an aggregate cut in benefits of 173 billion euros under the common methodology, requiring sponsors of the schemes to inject a combined 49 billion euros.”

  10. Davy on Fri, 20th Dec 2019 7:07 am 

    “Explanatory factors (NOT)Golden Age:”

    “We Could At Most Hope For Stagnation:” German Economy To Contract In Q4” zerohedge

    ‘Global stocks have priced in a massive economic rebound from the US, Europe, and China for early 2020, with the latest Fund Manager Survey indicating the biggest jump in optimism on record. But is this optimism justified? Is it possible that after a brief push higher, deceleration resume as the world’s manufacturing complex remains mired in a deep recession. The German Institute for Economic Research, also known as DIW Berlin, warned Friday that Q4 export-oriented manufacturing continued to decelerate, according to Reuters. It’s expected that Europe’s largest economy will contract by 0.1% in the October-December period. “We could at most hope for stagnation,” DIW economist Claus Michelsen said. DIW’s forecast for Q4 is much different than Ifo institute’s forecast that predicts the quarter will expand by 0.2%. Germany’s export-dependent industry groups slashed production this year, citing a global synchronized slowdown that stared before the trade war. German manufacturers fell into a recession this year on the heels of economic deceleration in the US and China.”

  11. Cloggie on Fri, 20th Dec 2019 8:53 am 

    German economy minister Altmaier:

    The danger of a recession has been averted.
    “Aufschwung” is next.

  12. REAL Green on Fri, 20th Dec 2019 11:11 am 

    “NASA Says Boeing Starliner Will Not Be Able To Reach Space Station” zero hedge

    “On Friday morning, Boeing’s Starliner spaceship was launched via an Atlas 5 rocket from Cape Canaveral in Florida. The Starliner spaceship is designed to shuttle astronauts back and forth from Earth to the International Space Station (ISS).”

    “Uh-oh: Problems with attitude preventing #Starliner orbit insertion burn so far. If they don’t succeed solving this, Starliner will reenter with the Centaur south of Australia”

    “Starliner demonstrating 737 Max levels of reliability so far…”

  13. Cloggie on Fri, 20th Dec 2019 1:22 pm 

    Development average life expectancy 1800-2100:

    Spoiler: 40-95

  14. Cloggie on Fri, 20th Dec 2019 1:47 pm

    Rethorical gold:

    “(((Noah Feldman))) of Harvard, the very fellow who testified last week fervidly in favor of impeachment before (((Mr. Nadler’s))) Judiciary Committee. He wrote, in a (((Bloomberg))) op-ed, that the action would signify that the president had not, in fact, been impeached, that it would only be so if the bill were conveyed to the senate. The issue of conveyance looms large in the present kerfuffle.

    The constitution says nothing about such conveyance, whether by errand boy, postcard, mounted messenger, dog-sled, palanquin, trumpet blast, Morse code, pneumatic tube, hog-call, smoke signal, telephone, FedEx, DM, skywriting, or a girl popping out of a cake with an envelope.”

    Meanwhile the possibilities for Trump to hit back are endless:

    “Mr. Trump appears eager and avid to go to trial, where his side could call witnesses to his heart’s delight while denying the opposition any witnesses, just as the Dems did in the house. His managers could call in the Bidens, Joe and Hunter, to explain their 2014 adventures in Ukraine, and the impressive payments tendered to them — for what? The defense could compel the testimony of the rogue CIA agent, Eric Ciaramella, to explain his pretensions of whistleblowing, and also his enabler, Intel IG Michael Atkinson, who left a procedural slime-trail in his handling of the “whistleblower” ruse. They could call in the fact-witness to all that, Rep. Adam Schiff, who would excite the wonder and loathing of the nation in being forced to reveal his part in that charade and to recount the myriad falsehoods he has spawned in three years of RussiaGate chicanery — which, in a truly just world, would prompt his expulsion from the house. They could haul in Messers Obama, Brennan, Clapper, Comey, Mueller, Wiessman, Rosenstein, McCabe, Ohr, Lynch, Strzok, Ms. Page, Ms. Yates, Mrs. Lynch, Mr. Halper — though I suspect that bunch would be better left to the ministrations of John Durham, just as the Democratic primaries roll out.”

  15. Davy on Fri, 20th Dec 2019 1:59 pm 

    “”Where’s The Beef?”: Missouri Church Leader Tries To Pay For Gay Sex With Arby’s Gift Card” zero hedge

    “And on the third day, God created fast food restaurant gift cards and gay dating apps.”

    “Poyner, 57, is a Church of Christ elder and professor at nearby Truman State University. He was busted after a student reported him and a cop went undercover on the app. Poyner then sent the officer a message saying he would “love to have a sugar daddy relationship”. He offered to fill up his gas tank (honestly, no pun intended – honestly) in exchange for sexual favors on December 3.”

  16. this is bazarre insanity JuanP on Fri, 20th Dec 2019 2:16 pm 

    Cloggie on Fri, 20th Dec 2019 1:22 pm

    Development average life expectancy 1800-2100:

  17. I AM THE MOB on Fri, 20th Dec 2019 3:46 pm 

    Try to impeach this.

  18. makati1 on Fri, 20th Dec 2019 5:51 pm 

    Is PO running out of articles to post? Oily news is not getting debated, just ignored for the bullshit it is. UP, down, guesses and lies. Boring!

    Ditto the Stock Market Casino. More bullshit piled high and waiting to collapse, taking Amerika down with it this time. They cannot print enough toilet paper to save it. It’s going to be fun to watch…from distant shores. Pass the popcorn…

  19. Duncan Idaho on Fri, 20th Dec 2019 6:04 pm 

    ‘profoundly immoral’
    For the Fat Boy, I think it is a complement:
    It is hard to take a Cabbage For Christ publication seriously, but the brain washed proletariat are superstitious.

  20. Duncan Idaho on Fri, 20th Dec 2019 7:20 pm 

    The Fat Boy is merely a 6 times bankrupt scammer from Queens. A typical low life.
    Now Moscow Mitch is a true piece of work– a psychopath that puts “party” over country.
    Pelosi is going to put him through some actions.
    “Nancy Pelosi condemns Mitch McConnell as ‘rogue leader in the Senate’ “

  21. this is usual JuanP bazarre insanity on Fri, 20th Dec 2019 8:51 pm 

    makati1 on Fri, 20th Dec 2019 5:51 pm

    Is PO running out of articles to post? Oily news is not getting debated, just ignored for the bullshit it is. UP, down, guesses and lies. Bori

  22. REAL Green on Fri, 20th Dec 2019 8:59 pm 

    Wee need to see the docter Davy.

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