Eshmun,
Thanks for that. Shale oil is a delayed ponzi.
It has been negative cash flow the start. And getting worse all the time. Billions. They could have a junk bond crisis on their hands.
The February upwards blip fooled the market. The money poured in. And now it could be all lost in one of the biggest ponzi's you have ever witnessed.
The Hedges are running out, the banks are going to say no, and the investor is going to learn the truth.
This is just the beginning. Far out.
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