Why Billions in Proven Shale Oil Reserves Suddenly Became Unproven
shadow

Why Billions in Proven Shale Oil Reserves Suddenly Became Unproven

——————— Why Billions in Proven Shale Oil Reserves Suddenly Became Unproven From our friends at Bloomberg: Ultra Petroleum Corp. was a shale success story. A former penny stock that made the big leagues, it was worth almost $15 billion at its 2012 peak. Then came the bust. …

Sovereign Wealth Funds May Sell $Billions in Stocks
shadow

Sovereign Wealth Funds May Sell $Billions in Stocks

Sovereign Wealth Funds May Sell $Billions From our friends at Bloomberg… Sovereign wealth funds may withdraw $404.3 billion from global stock markets this year if crude prices stay between $30 to $40 per barrel as oil-rich nations seek to shore up their finances, according to the Sovereign Wealth Fund …