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Peak Oil: THE U.S. SHALE OIL PONZI SCHEME EXPLAINED

 
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UndercoverElephant



Joined: 10 Mar 2008
Posts: 8715
Location: south east England

PostPosted: Fri Jun 15, 2018 1:53 pm    Post subject: Peak Oil: THE U.S. SHALE OIL PONZI SCHEME EXPLAINED Reply with quote

https://www.youtube.com/watch?v=WrBSvR-AC5c&feature=youtu.be
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Little John



Joined: 08 Mar 2008
Posts: 5892
Location: UK

PostPosted: Fri Jun 15, 2018 4:15 pm    Post subject: Reply with quote

Peak everything

https://www.youtube.com/watch?v=-4uXttzPawA
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1584

PostPosted: Fri Jun 15, 2018 8:39 pm    Post subject: Reply with quote

One of the things that Wolf Richter has been pointing out that the cash negative companies have only survived due to historically low interest rates. In the comments section of a recent post he commented:

Wolf Richter wrote:
Many of these companies aren’t even publicly traded, such as the PE-firm owned retailers and media companies we’ve been discussing. Others are publicly traded. Many are in the energy sector. After a decade of super-low interest rates, there is a very large number of junk-rated companies with negative cash flows and too much debt out there. This isn’t a small part of the corporate America.


https://wolfstreet.com/2018/06/13/riskiest-junk-bonds-completely-blow-off-the-fed-face-sudden-reckoning/
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