RE:RE:RE:RE:RE:RE:Shale cannot make up for declining US importsThe media is dominated by Americans.The BS is only as high as the Yanks can stack it...and that's quite a pile.They want the world to believe that they dominate oil..they don't ..and never will.10 million Bbls a day puts them in the same capacity as they had in the 70's.Even the stupid newsman don't know that.They're all just dumb flag wavers.
The recent inaccuracies were involving why the big US firms were dumping our oil sands....news stated it was because of our high costs LOL.Why then did MOST CANADIAN OILCOS made money LAST year...and oil wasn't very high on the yearly average.
It's because the big US company's lost money LAST year ..when Canadians didn't.
So they sell assets to improve their balance sheets.
The posters here that brag about shorting..go ahead kiddies lol...you merely add to the nonsense from the garbage in the south.
I'm not pumping CPG..it getting hammered as they all are...including the American oilcos.
But I'll say this ..its all happened before..last year...and 2014...through 2015...and in 08 As well..
Some people have very short memories...and should NOT be in the stock market.