Tag Archives: Ponzi

Graph of the Day: Collapse of US shale oil industry

Posted on February 4, 2015 by groundswellbasscoast

…without huge surge in shale oil since 2009, global crude-oil output would have been lower in 2014 than 2005. This is the very supply that Saudis and OPEC have been targeting. What the sudden drop in rig count suggests…the market is starting … Continue reading →

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