As I predicted, we are starting to see fall of oil companies in US. Tariffs on foreign oil are badly needed, however our corrupt president and congress are doing nothing to protect the US industries
WBH Energy, shale oil company in TX filed for bankruptcy today. Sadly, I believe that many other companies will follow. As I explained previously, Saudi Arabia enjoys the lowest cost of oil production at $17 per barrel. On the other hand, 70% of the US shale companies lose money if the cost of oil goes […]
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