Crude Oil Could Fall to $40 if OPEC+ Fails to Deepen Cuts by Wolf Richter • Dec 3, 2019 • 82 Comments As US oil production surges, the global oil market will be fundamentally oversupplied in 2020.
Momentous Change in US Crude Oil Market, with Global Impact by Wolf Richter • Nov 29, 2019 • 131 Comments But US “Energy Independence” is More Complicated.
Fracking Blows Up Investors Again: Phase 2 of the Great American Shale Oil & Gas Bust by Wolf Richter • Nov 23, 2019 • 102 Comments Including billionaires who thought they’d picked the bottom in 2016.
Oilfield Services Face Crisis as Shale Slowdown Worsens by Nick Cunningham • Oct 22, 2019 • 37 Comments Shale oil producers are under fire from investors, while most analysts see a supply glut in 2020.
Drama in the Oil Markets, But This Isn’t 2007 Anymore by Wolf Richter • Sep 16, 2019 • 168 Comments How the US shale boom changed the equation. If the attacks on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy.
Here Are Photos of Some of the Dilapidated Equipment San Francisco Wants to Buy from Bankrupt PG&E for $2.5 billion by Wolf Richter • Sep 9, 2019 • 148 Comments Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? Take a look.
Oil Price Correction Triggers Shale Meltdown by Wolf Richter • Aug 5, 2019 • 38 Comments Second oil bust in five years – or phase 2 of the same oil bust – exacts its pound of flesh.
Fracking in California is About to Get a Lot More Difficult by Nick Cunningham • Jul 15, 2019 • 42 Comments Governor Newsom, six months on the job, finds out what’s actually going on.
Bring on Higher Oil Prices: They’ll Boost the US Economy. Powell Sees it Too. A New Experience for the US by Wolf Richter • Jun 20, 2019 • 155 Comments Here’s why.
A ‘’Gusher Of Red Ink’’ for US Shale by Nick Cunningham • Jun 8, 2019 • 34 Comments Over 170 shale companies have declared bankruptcy since 2015, affecting $100 billion in debt, including 8 bankruptcies already this year.
