The American Oil Boom Was Where Money Went to Die.
Designed to profit from sky-high LNG Prices in Japan. Sunk by surging US LNG Exports, multi-year collapse in LNG prices, global LNG glut.
Precisely what’s needed to end the price collapse. But last time, it wasn’t long before Wall Street liquidity surged back into shale, starting the cycle all over again.
It comes down to costs and being bypassed by technological innovation, amid stagnating demand for electricity
Folks started driving again – including those who used to take mass-transit. But jet fuel demand is still in collapse-mode. And overall consumption remains way down.
Who the heck bought those shares? Robinhood traders? And who placed this press release and cashed in on it?
The bankruptcy epicenter is in Texas.
“There’s a lot of extend, amend, and pretend with respect to finance documentation. But at some point the music will stop.”
No “V-shaped recovery back to normal.”
What took them so long? And while they’re at it, they should also investigate US Natural Gas Fund UNG.