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ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun - Steve St Angelo - SRSRocco Report

Very naive and pretentious article! The author thinks he knows everything and yet knows next to nothing. Shale gas producers are neither stupid nor running Ponzi schemes. Think of a shale gas field like a car. Every year organisations publish reports of how much per mile it costs to run each model of car. The figure quoted takes into account depreciation, gas, tyres and maintenance. But everyone knows that the marginal cost of doing an extra grocery shopping trip in your car is a good deal less than this figure, once you have made the initial investment in the car. So it is with a shale gas field. Once all the infrastructure costs have been made, the extra cost of drilling some more wells is marginal compared to the value of the gas extracted. It's far from $6/1000!
And the US has thrived for many years with imported energy, it's childish to pretend it will collapse once it returns to being a big energy importer. I would suggest the writer think and research more before assuming his couch calculations are revelations.

Commented 3003 days ago

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Beginning of the headline :The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun. This is just another nail in a series of nails that have been driven into the U.S. Empire coffin. Unfortunately, most investors don’t pay attention to what it taking place in the U.S. Energy Industry. Without energy, the U.S. economy would grind to a halt. All the trillions of Dollars in financial assets mean nothing without oil, natural gas or coal. Energy drives the economy and finance ste... Read More

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