OTCPK:TLSMF - Post by User
Comment by
oilandgasmickon Dec 15, 2014 9:18pm
176 Views
Post# 23233708
RE:RE:RE:RE:if it is in fact $8 USD
RE:RE:RE:RE:if it is in fact $8 USDI've said many times on this forum that most of these oil shale frackers are done like dinner. Even with oil at 100 bucks some of them were struggling to get new financing. The most ardent of shale oil fans must now admit that if these prices persist for long then most of these companies are toast. Then the next chapter begins. The junk bonds are worthless and the banks turn to the taxpayer who gets stuck with the bailout tab. Then, as the oil price inevitably starts to rise the consumer also pays up at the pumps. The little guy always gets stuck with the tab. The Saudis clearly understood this and weren't too worried about their protectors, the good old U.S.A.