Search Results for: fracking

With Due Respect: A Commentary On Walter Block’s Damn Nonsense About Libertarian Voters

Posted on by David Stockman
Professor Walter Block may be the dean of libertarian thinkers and his yeoman work for the cause over the decades can’t be gainsaid. But when it comes to grasping the fraught political forces at large at the present historical juncture and the real significance of the 2020 election, the good professor is wearing some pretty […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.
Login or Join Now To Read More

Gridlock Is Good—Except In The Jaws Of Massive Public Debts

Posted on by David Stockman
James Madison is surely smiling from his grave. Pursuant to his constitutional design, last night a badly divided electorate got an utterly gridlocked government—with the Supreme Court and Senate in the hands of one party and the House of Representatives and White House marginally in the hands of the other. That’s as good an RX […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.
Login or Join Now To Read More

Not The Last Rodeo

Posted on by David Stockman
We are starting to get concerned about the personal well-being of some of the ace pundits on the Foxite Right, including Mark Levin, Tucker Carlson and Sean Hannity, too. They are getting so hyperbolic—rabid even—about the dangers of a Biden victory that we fear they may split a spleen or something during the remaining 48 […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.
Login or Join Now To Read More

Not Just Another Wild and Crazy Real Estate Mogul/Game-Show Host

Posted on by David Stockman
It doesn’t get more pathetic than this. After the Donald’s unexpected outbreak of fiscal sanity last Tuesday afternoon when he halted talks with Crazy Nancy on a (plus or minus) $2 trillion Everything Bailout 5.0, it only took a 400-point swoon for the Dow Jones Industrial Average for the King of Debt to return to […]
You must be a Stockman's Corner member in order to view this post, subscribe to Contra Corner Weekly Subscription.
Login or Join Now To Read More

The Donald’s Swell Plan: Bankrupting America To Stop Socialism!

Posted on by David Stockman
It doesn’t get more pathetic than this. After the Donald’s unexpected outbreak of fiscal sanity Tuesday afternoon when he halted talks with Crazy Nancy on a +/- $2 trillion Everything Bailout 5.0, it only took a 400 Dow point swoon for the King of Debt to return to form. During Wednesday and much of yesterday […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.
Login or Join Now To Read More

Shut Up, Man!

Posted on by David Stockman
The Robin Hooders and robo-traders do not have enough common sense, apparently, even to lay off the “buy” key for a single day in honor of last night’s political shit-show. And the explanation is not hard to find. The financial markets are so utterly corrupted and broken by the Fed’s own monetary shit-show that all […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.
Login or Join Now To Read More

Cliff-Diving In The Shale Patch

Posted on by David Stockman

“With such a rapid decline in fracking already visible, very little activity will be happening in the oil basins during the remainder of the second quarter of 2020. The natural base production decline, which we have seen as an absolute floor for production, therefore becomes an increasingly relevant production scenario,“ says Rystad Energy Head of Shale Research Artem Abramov.

 

 

 

 

https://wolfstreet.com/2020/04/22/u-s-shale-faces-largest-ever-drop-in-fracking-activity/

 

 

Bailout Nation—No Supplicant Left Behind, Not Even The Shale Patch Zombies

Posted on by David Stockman
It doesn’t get more lunatic than this. The domestic and global Virus Patrol has monkey-hammered the world economy like never before. So yesterday, the front month futures price of oil went deeply negative! To be sure, some of that was technical and flowed from today’s 2:30 PM settlement time for the May contract. Wrong-footed traders […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.
Login or Join Now To Read More

Priced To Perfection: Covid-19, Oil-30 And The Wages Of Bubble Finance, Part 1

Posted on by David Stockman
Covid-19 and Oil-30 tell you all you need to know about today’s dangerous financial regime of central bank fueled Bubble Finance. The former is the kind of mega-disruptive act of god which always hangs over the planet and the human population, while the previous $60-$70 oil price was an act of state (Russia and Riyadh) […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.
Login or Join Now To Read More

Shale Drilling Slump Exposes US Manufacturing’s Achilles Heel—-Oil Production Is Now Mfg-Intensive

Posted on by David Stockman

Slowing shale-drilling activity is the latest damper on U.S. manufacturers that had come to rely on a booming domestic energy market. Advances in fracking and drilling transformed global energy markets over the past decade, raising U.S. oil-and-gas production to record levels. That has created big business for American factories supplying drillers with cranes, engines and pipes. The oil-and-gas industry bought $48 billion worth of manufactured products in 2018, the U.S. Bureau of Economic Analysis said, four times as much as was purchased in 2009.

 

 

 

 

 

 

https://www.wsj.com/articles/manufacturers-face-new-threat-from-fracking-slump-11574083303?mod=hp_lista_pos4