Tuesday , November 5 2024
Home / Mike Norman Economics / U.S. Shale Has Lost $300 Billion In 15 Years — Nick Cunningham

U.S. Shale Has Lost $300 Billion In 15 Years — Nick Cunningham

Summary:
The U.S. shale industry peaked without ever making money.  Over the past decade and a half, the shale industry totaled 0 billion in net negative cash flow, wrote down another 0 billion in invested capital, and saw more than 190 bankruptcies since 2010, according to a new report from Deloitte.  The U.S. shale industry more than doubled oil production over the past half-decade, a phenomenal increase in output. But “the reality is that the shale boom peaked without making money for the industry in the aggregate,”.… OilpriceU.S. Shale Has Lost 0 Billion In 15 Years Nick CunninghamAlso at OilpriceU.S. LNG Exports Crash By More Than 50% Charles Kennedy

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.

The U.S. shale industry peaked without ever making money.  Over the past decade and a half, the shale industry totaled $300 billion in net negative cash flow, wrote down another $450 billion in invested capital, and saw more than 190 bankruptcies since 2010, according to a new report from Deloitte.  The U.S. shale industry more than doubled oil production over the past half-decade, a phenomenal increase in output. But “the reality is that the shale boom peaked without making money for the industry in the aggregate,”.
Oilprice
U.S. Shale Has Lost $300 Billion In 15 Years
Nick Cunningham

Also at Oilprice

U.S. LNG Exports Crash By More Than 50%

Charles Kennedy
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *