Agree hotfire. If POO got below everyone would be loosing buckets of money, I can hear the the valves turning of from here. I can hear the bankers and hedge funds screaming on the losses they are going to make on the shale oil. Will the bad loans to shale oil companies create another gfc? I have read of up $500 billion been on loan to companies in this area, can anyone confirm that?
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Ann: AWE sells US Shale Assets for USD190 million cash (AUD271m), page-15
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