What’s Chewing Up ExxonMobil’s Bottom Line—-Loss-Making Economics Of Shale

After reporting lower than expected earnings, ExxonMobil’s stock price sold off on Friday.  The company blamed poor performance due to reduced production volumes and a lower oil price.  However, the real culprit will turn out to be Exxon’s big move into the Great U.S. Shale Oil Ponzi Scheme.