Shale oil is a ponzi scheme
30 Oct 2013 Third, we risk being surprised by the boom in shale gas production. That, too, may prove to be a bubble, maybe even a Ponzi scheme. 16 Sep 2019 The latest IEA 2018 report predicts shale oil/gas could start to decline by that the shale plays are just giant Ponzi schemes and the economics 26 Sep 2016 The reason oil companies have gone bankrupt over the past few years is there is a difference) potential of shale source rocks has been known for decades. Furthering the Ponzi scheme was Central Bank policies of zero 16 Jan 2019 He summarily dismissed the notion that shale oil and gas production is a "Giant Ponzi Scheme", a notion that is at the center of McLean's 1 Aug 2007 He ultimately lost over $500,000 to this oil and gas scam investing in wells that always seemed promising at first . . . - Description of an oil and gas 29 Jan 2015 Shale oil's investment cycle is shorter and its decline profile sharper 100 bucks to begin with and now the lid on the Ponzi scheme has blown. 14 Dec 2018 Fracking Ponzi scheme. Finally, we come to what the oil industry calls “Tight oil and gas,” locked in dense formations of shale, requiring heat,
The main reason I characterize shale oil production as a Ponzi scheme is because of the fast decay of shale oil wells as compared to virtually all other oil production. One chart is enough to give
16 Jan 2019 He summarily dismissed the notion that shale oil and gas production is a "Giant Ponzi Scheme", a notion that is at the center of McLean's 1 Aug 2007 He ultimately lost over $500,000 to this oil and gas scam investing in wells that always seemed promising at first . . . - Description of an oil and gas 29 Jan 2015 Shale oil's investment cycle is shorter and its decline profile sharper 100 bucks to begin with and now the lid on the Ponzi scheme has blown. 14 Dec 2018 Fracking Ponzi scheme. Finally, we come to what the oil industry calls “Tight oil and gas,” locked in dense formations of shale, requiring heat, 29 Sep 2016 After years of early hype, shale gas companies appear to have lost hope of his message to the oil men was unambiguous: the US shale revolution is a on this ponzi scheme enough investors have been ripped off already ! 10 Mar 2020 Currently, companies that produce oil from shale also produce enough natural gas to nearly rival Appalachian gas production. This associated Here, I intend to use empirical hard data to demonstrate shale oil as a Ponzi scheme is a pure fallacy which can potentially blind investors from seeing opportunities in shale.
Marcellus Shale. Is the Shale Revolution a 'Ponzi Scheme' or the End of Peak Oil? "Ponzi scheme" or the end of Peak Oil? Ronald Bailey | 9.19.2014 1:30 PM
The main reason I characterize shale oil production as a Ponzi scheme is because of the fast decay of shale oil wells as compared to virtually all other oil production.
The Shale Oil Ponzi Scheme Exposed Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U.S. economy with it.
The shale bubble proponents essentially are betting on the EIA low production scenario. They will be proven right if shale oil production does peak in the next year or two. We shall soon see. "The history of the industry is that we are always running out," says Budzik. When we look at all the data presented here, it is clear to see that the shale energy industry in the United States is behaving more like a Ponzi scheme rather than a long-term viable economic energy system. Shale oil and gas companies have to spend more money each year to increase production or it will fall off a cliff. Shale oil is a Ponzi scheme. I don't mean that there is a vast conspiracy inside the energy world to confuse investors about its potential or fleece Wall Street. SRSrocco says the shale oil industry will bring down the entire U.S. economy once the Ponzi Scheme collapses. Here’s the details… by Steve St Angelo of SRSrocco Report. Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. Marcellus Shale. Is the Shale Revolution a 'Ponzi Scheme' or the End of Peak Oil? "Ponzi scheme" or the end of Peak Oil? Ronald Bailey | 9.19.2014 1:30 PM by Steve St. Angelo, SRSRocco Report: Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U.S. economy with it. Unfortunately, the reason few Americans understand how lousy […]
When we look at all the data presented here, it is clear to see that the shale energy industry in the United States is behaving more like a Ponzi scheme rather than a long-term viable economic energy system. Shale oil and gas companies have to spend more money each year to increase production or it will fall off a cliff.
22 Aug 2019 Shale oil companies just keep getting new investors to invest so they can pay off old investors, like a Bernie Madoff Ponzi scheme. Except–what 28 Nov 2018 The extraction of fossil fuels from shale formations, via fracking and What's happening in the oil patch is not precisely a Ponzi scheme, i.e. 4 Apr 2019 in fossil fuels in 20 years, but is it basically a Ponzi scheme? Hedge Fund Manager Jim Chanos referred to shale oil companies as 12 Feb 2020 Extraction of oil has exceeded discovery since 1980, and all oil wells deplete. down in the Gulf of Mexico to the ponzi scheme of “fracking” tight oil, In 2011, the EIA published a report that stated the Monterey Shale in 19 Jan 2017 a bubble or a Ponzi scheme”, reminiscent of the property boom of the Spurred by the slump in crude prices that began in 2014, shale oil 21 Mar 2018 Fracking isn't just bad for the environment - it's a Ponzi scheme poised The top oil and gas companies in the US shale boom have lost tens of
29 Sep 2016 After years of early hype, shale gas companies appear to have lost hope of his message to the oil men was unambiguous: the US shale revolution is a on this ponzi scheme enough investors have been ripped off already ! 10 Mar 2020 Currently, companies that produce oil from shale also produce enough natural gas to nearly rival Appalachian gas production. This associated Here, I intend to use empirical hard data to demonstrate shale oil as a Ponzi scheme is a pure fallacy which can potentially blind investors from seeing opportunities in shale. One analyst told CNBC that he doubted the very foundation of the U.S. shale oil industry which he said had been founded and expanded on cheap money and had effectively been a "Ponzi scheme" – an The main reason I characterize shale oil production as a Ponzi scheme is because of the fast decay of shale oil wells as compared to virtually all other oil production. One chart is enough to give The Shale Oil Ponzi Scheme Exposed Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U.S. economy with it.