Is The US Shale Oil Bust Just Getting Started?

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Steve St. Angelo interviewed by Jason Burack on Wall St For Main St

Jason Burack of Wall St for Main St interviewed oil and precious metals mining analyst Steve St. Angelo of the SRS Rocco Report srsroccoreport.com/

Steve goes in depth on the primary gold and silver miners offering his readings a better look at the real costs of mining along with his coverage of oil producers, specifically US shale oil producers.

Jason and Steve go in depth on the oil markets and supply and demand. The last few months there has been some big news including: data how Chinese oil demand is up 40% in only 4 years, Saudi Aramco opened up its books to raise capital for billions of dollars for a bond raise and revealed that its famous Ghawar oil field is only producing 3.8 million barrels per day (BPD) and NOT the 5 million bpd that the Saudis have been claiming for years (peak oil community experts including Mathew Simmons have been adamant for many years that they were lying) and how oil production has fallen a lot in Mexico and Venezuela.

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1) Offshore Drilling Makes a Comeback After Years in Shale’s Shadow www.bloomberg.com/news/articl…

To wrap up this in depth interview/discussion, Jason and Steve also discuss the state of the primary gold and silver miners.

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