WallStForMainSt: Steve St. Angelo: The US Shale Oil Bust Is Just Getting Started?

  • Saturday, 20 April 2019 04:00
Jason Burack of Wall St for Main St interviewed oil and precious metals mining analyst Steve St. Angelo of the SRS Rocco Report https://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. 1) Offshore Drilling Makes a Comeback After Years in Shale's Shadow https://www.bloomberg.com/news/articles/2019-03-27/offshore-drilling-makes-comeback-after-years-in-shale-s-shadow To wrap up this in depth interview/discussion, Jason and Steve also discuss the state of the primary gold and silver miners. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 44 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**

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