The Great American Shale-Oil Bust Turns into Massacre by Wolf Richter • Mar 9, 2020 • 175 Comments Shares of shale oil drillers collapsed by 25%-50% today. Their bonds got massacred. Saudi-Russia price-war strategy appears successful in wiping out investors in the US shale-oil sector.
Good Morning America, All Heck Broke Loose in the Markets Overnight by Wolf Richter • Mar 8, 2020 • 219 Comments Crude Oil Collapses 32%, US Stock Futures Plunge nearly 5%, 10-year Treasury Yield Gets Closer to 0%, Gold Jumps to $1,700, Asian Stocks Plunge, Nikkei -6%.
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.
