The day of reckoning has arrived in oil and gas. A record number of companies have filed for bankruptcy. with the epicenter in Texas.
Recent Items
Monday, September 15, 2025
Wolf Richter: The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas
Topics: Banana republic, Doomsday scenarios, Energy markets, Environment, Global warming, Guest Post, Pandemic, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 6:25 am | 15 Comments »
Covid-19 Bankruptcies Bleeding Out Jobs, Economic Capacity
Covid-19 bankrupties show how the disease is draining the economy.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Free markets and their discontents, Macroeconomic policy, Pandemic, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 3:13 am | 37 Comments »
What to Do if COVID-19 Is Here to Stay
If Covid-19 can’t be beaten soon, how do we cope?
Topics: Doomsday scenarios, Economic fundamentals, Guest Post, Health care, Pandemic, Social policy
Posted by Yves Smith at 3:07 am | 121 Comments »
Federal Judge Nixes Part of Glyphosate Settlement That Would Allow a Panel of Scientific “Experts”, Rather Than Juries, to Decide Whether the Chemical is Carcinogenic for Future Claims
Judge skeptical over Bayer’s proposal to replace a jury decision on whether glyphosate causes cancer with that of a scientific panel.
Topics: Doomsday scenarios, Environment, Guest Post, Legal, Science and the scientific method
Posted by Jerri-Lynn Scofield at 9:55 am | 25 Comments »
Links 7/12/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 316 Comments »
With Covid-19 Deaths on the Rise, Hardest-Hit States Report Hospitals are Near Capacity Following Early Reopenings
COVID-19 deaths spike and hospitals run out of beds as many states reap the consequences of poor pandemic management and reopening too early.
Topics: Banana republic, Doomsday scenarios, Guest Post, Health care, Pandemic, Politics
Posted by Jerri-Lynn Scofield at 6:25 am | 42 Comments »
Links 7/11/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 363 Comments »
Another Town Is Possible: Community Wealth Building in the Basque Country
Yves here. Readers sometimes ask for success stories to show that there are possible paths out our present economic and social morass. The Basque has long operated a collective ownership model centered around Mondragon. And it has been successful in protecting the community from economic crises. I was in Portugal and Spain, by happenstance doing […]
Topics: Economic fundamentals, Europe, Free markets and their discontents, Guest Post, Pandemic
Posted by Yves Smith at 2:02 am | 64 Comments »
Why Relentless Labor Rights Enforcement Will Make or Break the New NAFTA
Why Nafta 2.0 labor protections for Mexicans are key to whether the deal delivers on its promise to US workers.
Topics: Auto industry, Economic fundamentals, Globalization, Guest Post, Income disparity, Politics
Posted by Yves Smith at 1:27 am | 7 Comments »
2:00PM Water Cooler 7/10/2020
COVID-19 problem states: CA and TX ~ Biden-Sanders Unity Task Forces ~ Biden and fossil fuels ~ Biden and finance ~ Trump’s plan to win ~ Kanye West needs to file his paperwork ~ Frum and Proust ~ Think tanks ~ Leading indicators, inflation, rail ~ COVID-19 and HIV ~ “Strike for Black Lives” July 20 ~ NY rental market near collapse ~ Boasian antiracism
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 152 Comments »
Biden Defends Undying Allegiance to For-Profit Healthcare During Interview With Dying Medicare for All Advocate Ady Barkan
Biden acts like the heartless pol he is. He can’t keep up the pretense if someone wants to get between him and insurer profits.
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 129 Comments »
Links 7/10/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 145 Comments »
Unemployment Claims Hit New Record: 32.9 Million State & Federal. Week 16 of U.S. Labor Market Collapse
The latest unemployment data calls into question the notion that anything more than a techical recovery is underway.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Guest Post, Income disparity, Macroeconomic policy, Pandemic, The destruction of the middle class
Posted by Yves Smith at 4:41 am | 37 Comments »
Let the Predation Begin! CFPB Rolls Back Obama-Era Payday Loan Protections
Payday loan abuses are baaack, thanks to a full bore lobbying effort.
Topics: Banana republic, Banking industry, Free markets and their discontents, Income disparity, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 4:05 am | 18 Comments »
Beneficiary Uproar Over CalPERS Fraudulent Investment Strategy Claims in E-Mail Blast
CalPERS latest beneficiary e-mail had misrepresentaions that even the toothless SEC would sanction.
Topics: Banana republic, CalPERS, Investment management, Media watch, Private equity, Risk and risk management
Posted by Yves Smith at 3:13 am | 12 Comments »