I write about how to improve your money, health, relationships, career, and how to achieve your dream life! Consistent daily disciplines WILL lead to success.
Minneapolis, MN
Joined February 2017
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Many of the shale producers have a break-even point somewhere around the $50 range, and are so levered with debt, that there will need to be bail-outs or else.
Oil down -> Struggling Shale -> Much harder for the US to have a cheap and plentiful energy supply in medium/long term
Stocks are down after oil got smashed today - what you need to understand is that without plentiful oil, the world is a different place.
Without Shale production (starting around 2005), the US would be in a way different economic state.
Why does this matter?
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