May 07 2019 30 mins 1
The Impending Fracking Bust - How Debt Created and Destroyed the Fracking Industry Full video here: https://www.youtube.com/watch?v=vMCHdi2sXtI&t=9s John Sneisen and Tim Picciott report on the North American Shale Oil Boom and Bust. As a Bloomberg article goes into Pioneer Natural Resources Company is struggling and are asking one-third of its management to retire. The Shale Oil Boom and now impending bust as oil prices struggle to recover back up to profitability is hitting the hydraulic fracturing oil extraction businesses hard. The struggle to be profitable and with mass amounts of debt and long bond issues, the fast depleting wells are struggling to give investors and companies a return on investments. Environmental issues are another problem as well for the sector and have not helped the industry at all. With cheap debt, this was made possible, but with interest rate increases and the lack of profits, the most fracking companies are in deep red as debt is propping them up into a zombie state. It seems like the monetary drugs have run out and the impending big bust is coming to the sector that made the US the top oil producer in the world. They also go into how it's not only shale oil and gas that is having issues, but also other sectors that have borrowed cheap money and can only afford to pay the interest on their debts. There is over 15% of corporations in the United States that only pay interest rates, and they are called zombie corporations, but it doesn't stop there. Almost all of the world governments are in the red as well. We also report on how CNN is in the category above and welfare of debt and corporation pouring money into the company from debt-ridden corporations on their death bed. CNN had to let 300 employees go as we see mainstream media with fewer and fewer viewers are getting outcompeted by small and effective independent alternative media. Tim’s Free Ebook – http://www.howitsrigged.com Buy John’s Book: https://amzn.to/2PSJjWZ Stream Tim Content: Dlive- http://bit.ly/2WuJH01 Twitch- http://bit.ly/twitchliberty Subscribe to The Liberty Advisor Podcast: Podbean- http://bit.ly/podliberty Itunes- http://bit.ly/itunesliberty Google play- http://bit.ly/2Jspqoi Player.FM- http://bit.ly/playerliberty Stitcher- http://bit.ly/stitcherliberty Watch Tim’s Content Bitchute- http://bit.ly/bitchuteliberty Theytube/ youtube- http://bit.ly/theytubeTim Follow Tim Picciott: Join Minds.com: https://www.minds.com/register?referrer=thelibertyadvisor http://bit.ly/libertyminded Steemit- https://steemit.com/@timpicciott/feed Facistbook- https://www.facebook.com/thelibertarianadvisor/ Ditch Google and get paid to search anonymously using PRESEARCH: https://presearch.org/signup?rid=1293283 Support Wam: JOIN US on SubscribeStar the PATREON ALTERNATIVE: https://www.subscribestar.com/world-alternative-media GET YOUR TICKETS for The Red Pill Expo 2019 here: https://redpillexpo.org/rpe/wam/ *Join Our Affiliate! Mike Maloney's GoldSilver linked below! * https://goldsilver.com/?aff=WAM Winnipeg Crypto Conference: https://winnipegcryptoconference.com/ Use promo code "WAM" to save money! www.anarchovegas.com Use promo code “WAM” to save money~ HOW YOU CAN HELP KEEP WAM ALIVE! GoFundMe: https://www.gofundme.com/w3e2es Patreon: https://www.patreon.com/user?u=2652072&ty=h&u=2652072 Bitcoin: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU The information contained is strictly for informational purposes only. Please consult with your own financial advisor before making any investment decisions. Investing into Crypto Assets is incredibly risky and you should not do so on your own unless you have considerable knowledge in this field and can afford to lose money. If you do not have an advisor or would like to work with Tim Picciott and his investment firm. Tim is offering 15 minute complimentary investment consultations with his firm: Innovative Advisory Group, LLC. Complimentary Consultation: Bit.ly/bookwithtimp
