The Traderszone Network

Published in TZ Latest News 21 December, 2014 by The TZ Newswire Staff

Drilling Our Way Into Oblivion: Shale Was About Land Gambling With Cheap Debt, Not Technological Miracles

Submitted by Raul Ilargi Meijer of The Automatic Earth blog,

Oh, that sweet black gold won’t leave us alone, will it? West Texas Intermediate went through some speedbumps Friday, but ended over +5%, though still only at $57. Think them buyers know something we don’t? I don’t either. I see people covering lousy bets. And PPT (and that’s not the one we used to spray our crops with).

read more