http://oilprice.com/Energy/Energy-General/New-Regulations-May-Com...

http://oilprice.com/Energy/Energy-G...me-As-A-Rude-Awakening-For-Oil-Companies.html

US shale oil Ponzi, will be doomed in 2018 reporting of oil reserves....

Change in accounting rules will open a can of worms for the already troubled signs emerging US shale oil http://oilprice.com/Energy/Oil-Prices/Permian-Oil-Reserves-Are-Grossly-Exaggerated.html

2008 financial crisis was maybe in part caused by accounting rules changes "mark to market" accounting

Meaning company who bought things @$10 old rules.. is being reported is still worth $10

2008 the time what happened? If the asset is now priced @ $6 you will report $6
Those derivatives sometimes have no price..... so bought for $10 write down to $0 and financial data report the write down... and downward spiral....

Something like that.... anyway the changes in the accounting audit thingy maybe one way the money masters of the universe wants to crash the shale oil industry.......

Once those shale oil company goes bust.. no more oil glut story.... oil goes back maybe higher... the US goes back to do what they do best... print money out of nowhere to pay you and import the goods and services... and the rest of the whole becomes happy....

It's strange how the world works but that's the game we are all playing...