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Wednesday, January 20, 2016 2:49:13 PM
Now, I don't know if Parker is/was a shale oil company and used fracking to extract oil (yeah, I might be totally confused about this) but if they were it seems to be about over for 97% of such companies.
http://www.alternet.org/economy/97-fracking-now-operating-loss-current-oil-prices
http://www.parkertechnologiesinc.com/images/HogeTech.png
Anyhow, according to an article I linked to in my last post) this oil BUBBLE isn't actually about the oil PRODUCTION of the Saudi's, Iran, US, etc. but, rather, actually about the making/selling of CDO's (Collateralized Debt Obligation's) like the Housing Bubble was. And, without researching it, perhaps the selling of CDSs (Credit Default Swaps) also. Imagine a ton of oil company start-ups getting loans, selling stock and bonds to investors and saying the price of oil will only go UP. The investors grow the bubble and, later on, the bubble pops when the price of oil plunges resultin gin many late investors who lose their asses.
Okay, so perhaps I'm totally way off base. Just had to get this off my chest, even if it's totally wrong.
GLTA
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