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The Recusant
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TROUBLE FINANCING ITS DEBT: Massive Decline Rates Push U.S. Shale Oil Industry Closer Towards Bankruptcy - Steve St Angelo - SRSRocco Report

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Beginning of the headline :By Steve St. AngeloThe U.S. Shale Oil Industry is in serious trouble as its debt spirals higher due to its massive production decline rates. While the Mainstream media continues to put out hype that the shale oil industry can produce oil at $30 or $40 a barrel, the reality shows that it’s becoming difficult just to finance its debt.Yes, it’s true. Many of the shale oil companies are bringing on new wells just to pay the interest on their debt. Now, this wasn’t the case back in 2008 when the U... Read More

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