Ex-CEO of Pemex Arrested for “Looting Mexico” by Nick Corbishley • Feb 15, 2020 • 75 Comments Now attention is switching to former President of Mexico Peña Nieto.
After Coronavirus Measures, China’s Crude Oil Demand Plunges 20%: Industry Sources by Wolf Richter • Feb 3, 2020 • 82 Comments “Largest demand shock the oil market has suffered since the global financial crisis, and the most sudden since the Sept. 11 attacks.”
The Great American Shale Oil & Gas Bust: Fracking Gushes Bankruptcies, Defaulted Debt, and Worthless Shares by Wolf Richter • Jan 22, 2020 • 114 Comments Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged.
US Demand for Electricity Declined in 2019 & Stagnated for a Decade, but 2020 Capacity Additions Are Wild by Wolf Richter • Jan 15, 2020 • 142 Comments Where the heck are the EVs when you need them?
EQT, Giant Natural Gas Producer, Takes $1.8 Billion Write-Down, Admits it Can’t Succeed in Low-Price Shale-Gas Environment by Wolf Richter • Jan 14, 2020 • 92 Comments Shares have collapsed 75% since 2017.
Dallas Fed Outlines Somber Oil & Gas Industry, “Flaring” of Natural Gas Comes into Focus by Wolf Richter • Dec 27, 2019 • 126 Comments “The capital markets for oil and gas remain extremely difficult.”
US Freight Shipments Fall Below 2014 Level. Answers Emerge by Wolf Richter • Dec 19, 2019 • 110 Comments It’s not the consumer.
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.
