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Tight Oil’s First Domino Reloaded: Bank Exposures

As tight oil and gas companies kick the bucket, the contagion begins to spread to the banks with significant loan exposures to the energy sector.

January 24, 2016
In-depth topic: Tight oil Shale gas
Energy

Energy Creditors Lucky To Recover 15 Cents On The Dollar In Bankruptcy

42 tight oil and gas bankruptcies in 2015 with $17.2 billion debts. Recoveries average 15 cents on the dollar for secured and unsecured creditors.

January 24, 2016
In-depth topic: Tight oil Shale gas
Energy

World’s Largest Miner Books Massive $7.2 Billion Writedown On US Shale “Assets”

Mining giant BHP Billiton has just written off $13 billion of its $20 billion US shale oil and gas asset purchases since 2011.

January 18, 2016
In-depth topic: Tight oil Shale gas
Energy

New NAFTA lawsuits reveal disturbing, dangerous trend

ISDS is getting out of hand: an absurd case of a Canadian company setting up a mailbox in the US and uses this ‘US company’ to sue Canada under NAFTA IS

A Crisis Worse than ISIS? Bail-Ins Begin

Bail-in mechanisms in G20 countries enter implementation phase in 2016.

January 11, 2016
In-depth topic: Bank bail-in
Finance & Economy

This NAFTA Lawsuit over Keystone XL Proves “Free Trade” Deals Kill Democracy

“With a single press release, TransCanada has proven what concerned citizens have argued for decades—that the primary purpose of ISDS is to subvert democratic processes and the public interest, in the name of private profit,”

The Solar Singularity Is Getting Closer

The “solar singularity” is the point where solar becomes so cheap in a majority of countries around the world that it is established as the default new power source. At this point, solar will very likely go vertical in its growth curve.

January 6, 2016
In-depth topic: Renewable energy
Energy

The Bail-Ins Are Back! Portugal Slaps Senior Bank Bondholders With €2 Billion Loss

Another bail-in. this time senior Portuguese bank bond holders are on the hook to bail out another failed bank.

December 30, 2015
In-depth topic: Bank bail-in
Finance & Economy

A Crisis Worse than ISIS? Bail-Ins Begin

Bail-ins happening to Italian banks. Ellen Brown summaries how legislation puts depositors on the very bottom of the totem pole when a private bank fails.

December 29, 2015
In-depth topic: Bank bail-in
Finance & Economy

The Crude Oil Export Ban–What, Me Worry About Peak Oil?

Last week Congress ended the US oil export ban, ostensibly due to the over-abundant supply from tight oil. But the irony, as Art Berman explains, is that the US is far more economically vulnerable and dependent on foreign oil today than it was when cru …

December 28, 2015
In-depth topic: Peak oil
Energy