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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 4942 times)

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AGelbert

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    • Agelbert Truth AND Consequences
Dec. 27, 2018 8:28 AM ET

For The Permian, It's Not 2016 - And That's Bad News For U.S. Shale   

► The recent sell-off in oil is hard to explain with logic.

For US shale producers , this sell-off is not like 2016 and the capital markets won't be so friendly this time around.


Parsley Energy 🦖, one of the worst abusers of outspending cash flow, is reducing capex and growth targets, a sign of the times to come.

Mark Papa's Centennial Resources 🦕 scrapped the idea of reaching 65k barrels of oil per day of production by 2020 and is now focusing on balance sheet.

Private equity has led the stupendous growth in shale this year and the pullback in oil is striking fears in all of the investors in private equity firms.  

https://seekingalpha.com/article/4230339-permian-2016-bad-news-u-s-shale

Agelbert NOTE: What "energy experts" like the guy above cannot seem to grasp, in their zeal to bean count barrels produced of polluting crap hydrocarbons versus profits to sell polluting crap hydrocarbons, is the FACT that HYDROCARBON DEMAND DESTRUCTION from the use of RENEWABLE ENERGY TECHNOLOGIES is a larger contributing factor to tanking hydrocarbon prices than the current global economic distress.

All these Hydrocarbon Hellspawn Subsidy (visible AND invisible=banker sweetheart deals and Chapter 11 bankruptcy "legal reorganization" stiffing of creditors to emerge as Dracula "going concerns" again  🤬) Welfare Queens would disappear in a bankruptcy heartbeat if the corrupted government giveaways would be eliminated.


 The Fossil Fuelers 🦖 DID THE Clean Energy  Inventions suppressing, Climate Trashing, human health depleting CRIME,   but since they have ALWAYS BEEN liars and conscience free crooks 🦀, they are trying to AVOID   DOING THE TIME or   PAYING THE FINE!     Don't let them get away with it! Pass it on!   
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

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