Oil Bust Mauls Texas Manufacturers, Atlanta Fed Sees Hit to US Economy by Wolf Richter • Feb 23, 2015 • 5 Comments New orders, shipments at “lowest reading since June 2009.”
Fracking Bust Deepens, Sets Records by Wolf Richter • Feb 21, 2015 • 4 Comments But when the heck will production finally decline?
The Chilling Thing Devon Energy Just Said About the US Oil Glut by Wolf Richter • Feb 18, 2015 • 24 Comments It will get much worse.
The Fracking Bust Hits Home by Wolf Richter • Feb 13, 2015 • 5 Comments Never before has drilling for oil collapsed this far this fast.
Oil Bust Hits Office Construction Boom, Banks, Suppliers – But Hey, “So Far” No Apocalypse by Wolf Richter • Feb 12, 2015 • 8 Comments “Not pushing the panic button by any means” – Texas Department of Banking.
Oil-Price Debacle Is Far From Over by Wolf Richter • Feb 11, 2015 • 1 Comment It was another bad-hair day for oil.
Wall Street Has a Dream About the Price of Oil by Wolf Richter • Feb 9, 2015 • 8 Comments Banks must have a V-shaped recovery in place by late 2015, or else.
Oil Rig Count Plunges 29% from Peak. Halfway to Bottom? by Wolf Richter • Feb 6, 2015 • 2 Comments Wall Street shuts off the spigot for junk-rated drillers.
Oil Glut Gets Worse – Production, Inventories Soar to Record by Wolf Richter • Feb 4, 2015 • 9 Comments “Oil markets rarely exhibit V-shaped recoveries.”
‘Vulture’ Investors Descend on Oil Patch by Oilprice.com • Feb 4, 2015 • Comments Off on ‘Vulture’ Investors Descend on Oil Patch PE firms offer credit to teetering oil companies at exorbitant rates, with an eye on the assets in case of default.
