EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line

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BY SRSROCCO The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector.  And, the majority of the blame can be attributed to Exxon’s move into shale.  After Exxon acquired XTO Energy in 2009, a U.S. shale oil and gas producer, it has seriously begun to ramp … Read more

Is This The Tipping Point For Electric Vehicles?

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By MINING.com A new report by McKinsey forecasts a rapid switch from gas guzzlers to electric vehicles on the world’s roads will be boosted by the plummeting costs of owning a battery powered vehicle. The consulting firm’s 2019 Global Energy Perspective report foresees a two-thirds drop in the cost of EV battery packs by 2030. The tipping point … Read more

FAT Anomalies In Leaked DNC Emails Suggest Use Of Thumbdrive

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by Disobedient Media Recently, I tweeted about several different batches of emails that made up the DNC emails collection initially published by WikiLeaks on July 22, 2016. In that tweet, I included the following table: The table outlines the last modification dates on the emails (batched by date) and shows the earliest and latest timestamps, minimum ID, maximum ID, … Read more

DEVASTATING: Colorado Sports Store Forced To Close After Taking A Stance AGAINST Kaepernick

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ABC 13 News reports, A Colorado sports apparel store owner is closing up shop months after he vowed to ban Nike items because of the brand’s support of Colin Kaepernick. https://www.youtube.com/watch?v=AsjDwsoTYTc Read More/Source/Credit/FairUse: https://abc7chicago.com/5138248/?fbcl… COLORADO SPRINGS, Colorado — A Colorado sports apparel store owner is closing up shop months after he vowed to ban Nike … Read more

Credit Exhaustion Is Global

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by Charles Hugh-Smith Europe is awash in credit exhaustion, and so is China. The signs are everywhere: credit exhaustion is global, and that means the global growth story is over: revenues and profits are all sliding as lending dries up and defaults pile up. What is credit exhaustion? Qualified buyers don’t want to borrow more, … Read more

What’s Causing the Subprime Auto-Loan Fiasco?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Serious auto-loan delinquencies are now on par with Q2 2009 when millions of people had lost their jobs and when the economy was in free-fall. But today unemployment is low and the economy appears to be humming. What gives? (13 minutes)   But then there’s the “average transaction price.” Read… Reverse Sticker … Read more

Next Chapter in Bankruptcy & Restructuring Saga of European and Asian Airlines

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The fate of the A380 is sealed. By MC01, a frequent commenter, for WOLF STREET: On February 5, German low-cost carrier Germania announced it has filed for insolvency in Berlin and that all flights will be suspended indefinitely. According to the press release, this was due to unfulfilled “short-term liquidity needs,” meaning the company was struggling to raise … Read more

Many Of Today’s Most Owned Stocks Are Ponzi Schemes

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Tan Liu interviewed by Chris Martenson of Peak Prosperity Stocks provide a return to today’s investors via two mechanisms: dividends and capital gains. Dividends provide and income stream which can be qualitatively values. Capital gains result from speculation — an expectation that future dividends will be higher than the market currently expects. But what’s the value of a … Read more

Is It A (Bull) Trap?

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by Lance Roberts   On Tuesday, I discussed the issue of the markets being stuck between various short and longer-term moving averages. To wit: “Despite those more macro-concerns, the market has had a phenomenal run from the ‘Christmas Eve’ lows and has moved above both the Oct-Nov lows and the 50-dma. This is clearly bullish in the … Read more

Tulsi Gabbard: I support auditing the Fed.

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by bradok Tulsi Gabbard said in response to a Q&A session after a town hall speech today that she supports Auditing the Federal Reserve and has supported legislation to do so in the past. The connection of the Fed to conspiracy probably doesn’t need a lot of highlighting here.        

Debt Is Back with a Vengeance

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By Harry Dent In this, the second week of February, we got news that the Federal debt just hit $22 trillion! Can’t say this is news to us. The Federal debt has been doubling about every two administrations (about every eight years): $5 trillion to $10 trillion under President Bush… $10 trillion to $19 trillion … Read more

5 Ways to Make Money while Living Off the Grid

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Living off the grid, takes research, planning, and preparation. You will have to research many things such as: where is the best place to live, what resources you will need, how to obtain food, purifying water, herbs and other ingredients to make medicine, ways to protect yourself and your loved ones from assailants, and more. … Read more

Article 13 and EU Copyright Law explained: This is how Europe will destroy the Internet

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by Migmag360 ” The new EU copyright law is going to have drastic affects on the freedom and openness of the Internet. Beyond banning memes, Article 13 of the European Copyright Directive 2018 will result in automated surveillance and centralized control of the Internet. The directive makes online platforms liable for the content generated by … Read more