Sunday, September 14, 2014


I see this handsome fellow staring at me quite often these days, and it tells me something.  I'm inclined to suspect that the US oil industry (fracking companies in particular) may be in trouble.   Any time someone advertises for investors, it's pretty clear they don't think they've got a good investment, or they'd be investing in it themselves.   This type of ad just started appearing within the last year or so, at a time when energy companies are starting to lose their shirts, as explained by the EIA chart below. Coincidence?

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